PREFAXIS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
PREFAXIS
NACE 23.321, Manufacture of other non-metallic mineral products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€288,139
2024 · €886,106-€597,967
Equity
€2.9m
2024 · €4.1m-€1.2m
Cash
€1.3m
2024 · €2.7m-€1.4m
Balance sheet total
€6.5m
2024 · €7.3m-€827,152
Largest movements
Assets
- Cash -€1.4m
down €1.4m (-52.7%), from €2.7m to €1.3m
mainly Contributions, distributions and other (-€1.5m) and Trade debts (-€1.1m)
- Receivables within one year +€915,585
up €915,585 (+36.6%), from €2.5m to €3.4m
of which Other amounts receivable: +€1.3m
- Tangible fixed assets -€278,007
down €278,007 (-16.5%), from €1.7m to €1.4m
of which Plant, machinery and equipment: -€187,733
Equity and liabilities
- Other debts +€1.5m
up €1.5m (+919.9%), from €167,382 to €1.7m
- Reserves -€1.2m
down €1.2m (-84.1%), from €1.4m to €228,645
of which Distributable reserves: -€1.2m
- Trade debts -€1.1m
down €1.1m (-40.2%), from €2.7m to €1.6m
Income statement
- Turnover -€4.6m
down €4.6m (-33.9%), from €13.6m to €9.0m
- Goods and materials -€4.3m
down €4.3m (-42.4%), from €10.0m to €5.8m
of which Purchases: -€4.3m
- Other operating income -€543,360
down €543,360 (-62.4%), from €870,130 to €326,770
- Staff costs -€203,626
down €203,626 (-16.1%), from €1.3m to €1.1m
- Depreciation -€189,385
down €189,385 (-40.5%), from €467,827 to €278,442
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€886,106
Turnover
-€4.6m
Other operating income
-€543,360
Goods and materials
+€4.3m
Services and other goods
+€125,638
Staff costs
+€203,626
Depreciation
+€189,385
Write-downs
+€7,401
Other operating charges
+€6,301
Other operating items
-€75,966
Financial income
-€64,323
Financial charges
-€21,547
Taxes
-€74,026
Result 2025
€288,139
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€101,727
Investment
-€435
Financing
-€1.5m
Cash 2024
€2.7m
From operations (derived)
+€101,727
Net result for the year
+€288,139
Depreciation
+€278,442
Stocks and contracts
+€36,021
Receivables within one year
-€915,585
Deferred charges and accrued income
-€2,950
Trade debts
-€1.1m
Tax, wage and social debts
-€33,483
Other debts
+€1.5m
Investment (derived)
-€435
Investment in fixed assets (net)
-€435
Financing
-€1.5m
Current portion of long-term debt
-€20,834
Contributions, distributions and other
-€1.5m
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,279,819 | €6,452,667 | -€827,152 | -11.4% |
| Fixed assets | 21/28 | €1,685,499 | €1,407,492 | -€278,007 | -16.5% |
| Tangible fixed assets | 22/27 | €1,685,499 | €1,407,492 | -€278,007 | -16.5% |
| Land and buildings | 22 | €849,813 | €785,848 | -€63,965 | -7.5% |
| Plant, machinery and equipment | 23 | €760,849 | €573,116 | -€187,733 | -24.7% |
| Furniture and vehicles | 24 | €74,837 | €48,528 | -€26,309 | -35.2% |
| Current assets | 29/58 | €5,594,320 | €5,045,175 | -€549,145 | -9.8% |
| Stocks and contracts in progress | 3 | €347,141 | €311,120 | -€36,021 | -10.4% |
| Stocks | 30/36 | €209,436 | €231,702 | +€22,266 | +10.6% |
| Raw materials and consumables | 30/31 | €209,436 | €231,702 | +€22,266 | +10.6% |
| Contracts in progress | 37 | €137,705 | €79,418 | -€58,287 | -42.3% |
| Amounts receivable within one year | 40/41 | €2,503,176 | €3,418,761 | +€915,585 | +36.6% |
| Trade receivables | 40 | €2,465,982 | €2,111,289 | -€354,693 | -14.4% |
| Other amounts receivable | 41 | €37,194 | €1,307,472 | +€1.3m | +3415.3% |
| Cash at bank and in hand | 54/58 | €2,717,864 | €1,286,205 | -€1.4m | -52.7% |
| Deferred charges and accrued income | 490/1 | €26,139 | €29,089 | +€2,950 | +11.3% |
| Total equity and liabilities | 10/49 | €7,279,819 | €6,452,667 | -€827,152 | -11.4% |
| Equity | 10/15 | €4,118,243 | €2,894,265 | -€1.2m | -29.7% |
| Contributions | 10/11 | €2,612,000 | €2,612,000 | = | 0.0% |
| Capital | 10 | €2,612,000 | €2,612,000 | = | 0.0% |
| Issued capital | 100 | €2,612,000 | €2,612,000 | = | 0.0% |
| Reserves | 13 | €1,440,507 | €228,645 | -€1.2m | -84.1% |
| Non-distributable reserves | 130/1 | €88,714 | €103,121 | +€14,407 | +16.2% |
| Legal reserve | 130 | €88,714 | €103,121 | +€14,407 | +16.2% |
| Distributable reserves | 133 | €1,351,793 | €125,524 | -€1.2m | -90.7% |
| Investment grants | 15 | €65,736 | €53,620 | -€12,116 | -18.4% |
| Amounts payable | 17/49 | €3,161,576 | €3,558,402 | +€396,826 | +12.6% |
| Amounts payable within one year | 42/48 | €3,161,576 | €3,558,402 | +€396,826 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €20,834 | - | -€20,834 | |
| Trade debts | 44 | €2,707,842 | €1,619,242 | -€1.1m | -40.2% |
| Suppliers | 440/4 | €2,707,842 | €1,619,242 | -€1.1m | -40.2% |
| Taxes, remuneration and social security | 45 | €265,518 | €232,035 | -€33,483 | -12.6% |
| Taxes | 450/3 | €39,768 | €57,377 | +€17,609 | +44.3% |
| Remuneration and social security | 454/9 | €225,750 | €174,658 | -€51,092 | -22.6% |
| Other amounts payable | 47/48 | €167,382 | €1,707,125 | +€1.5m | +919.9% |
| Operating income | 70/76A | €14,469,829 | €9,239,720 | -€5.2m | -36.1% |
| Turnover | 70 | €13,582,020 | €8,971,237 | -€4.6m | -33.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €17,679 | -€58,287 | -€75,966 | |
| Other operating income | 74 | €870,130 | €326,770 | -€543,360 | -62.4% |
| Operating charges | 60/66A | €13,628,200 | €8,836,162 | -€4.8m | -35.2% |
| Goods for resale, raw materials and consumables | 60 | €10,035,781 | €5,776,094 | -€4.3m | -42.4% |
| Purchases | 600/8 | €10,088,226 | €5,798,361 | -€4.3m | -42.5% |
| Change in stocks: decrease (increase) | 609 | -€52,445 | -€22,267 | +€30,178 | +57.5% |
| Services and other goods | 61 | €1,798,393 | €1,672,755 | -€125,638 | -7.0% |
| Remuneration, social security and pensions | 62 | €1,263,358 | €1,059,732 | -€203,626 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €467,827 | €278,442 | -€189,385 | -40.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,401 | - | -€7,401 | |
| Other operating charges | 640/8 | €55,440 | €49,139 | -€6,301 | -11.4% |
| Operating profit (loss) | 9901 | €841,629 | €403,558 | -€438,071 | -52.1% |
| Financial income | 75/76B | €86,469 | €22,146 | -€64,323 | -74.4% |
| Recurring financial income | 75 | €86,469 | €22,146 | -€64,323 | -74.4% |
| Income from financial fixed assets | 750 | - | €412 | +€412 | |
| Income from current assets | 751 | €6,959 | - | -€6,959 | |
| Other financial income | 752/9 | €79,510 | €21,734 | -€57,776 | -72.7% |
| Financial charges | 65/66B | €10,194 | €31,741 | +€21,547 | +211.4% |
| Recurring financial charges | 65 | €10,194 | €31,741 | +€21,547 | +211.4% |
| Debt charges | 650 | €2,358 | €330 | -€2,028 | -86.0% |
| Other financial charges | 652/9 | €7,836 | €31,411 | +€23,575 | +300.9% |
| Profit (loss) for the period before taxes | 9903 | €917,904 | €393,963 | -€523,941 | -57.1% |
| Income taxes | 67/77 | €31,798 | €105,824 | +€74,026 | +232.8% |
| Taxes | 670/3 | €33,066 | €105,824 | +€72,758 | +220.0% |
| Tax adjustments and reversals of tax provisions | 77 | €1,268 | - | -€1,268 | |
| Profit (loss) for the period | 9904 | €886,106 | €288,139 | -€597,967 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €886,106 | €288,139 | -€597,967 | -67.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.