PREFIBEL: what changed
Two financial 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.
PREFIBEL
Largest movements
- Tangible fixed assets +€17,621
up €17,621 (+125.0%), from €14,098 to €31,719
- Receivables within one year -€3,940
down €3,940 (-26.4%), from €14,939 to €10,999
of which Trade receivables: -€3,976
- Cash +€3,068
up €3,068 (+81.3%), from €3,775 to €6,843
mainly Debts after one year (+€25,825) and Depreciation (+€11,133)
- Deferred charges and accrued income +€882
up €882 (+161.7%), from €546 to €1,428
- Intangible fixed assets -€702
down €702 (-37.5%), from €1,875 to €1,173
- Debts after one year +€25,825
up €25,825 (+728.3%), from €3,546 to €29,371
- Tax, wage and social debts -€8,299
down €8,299 (-94.7%), from €8,759 to €460
of which Remuneration and social security: -€6,384
- Current portion of long-term debt -€2,230
down €2,230 (-23.0%), from €9,677 to €7,447
- Profit (loss) carried forward +€1,491
up €1,491 (+17.5%), from -€8,522 to -€7,031
- Staff costs -€30,998
no longer reported in 2025 (was €30,998)
- Gross operating margin -€11,030
down €11,030 (-34.8%), from €31,690 to €20,660
- Other operating charges +€3,102
up €3,102 (+263.6%), from €1,177 to €4,279
- Depreciation +€2,762
up €2,762 (+33.0%), from €8,371 to €11,133
- Financial charges +€1,896
up €1,896 (+704.5%), from €269 to €2,165
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,432 | €52,361 | +€16,929 | +47.8% |
| Fixed assets | 21/28 | €16,172 | €33,091 | +€16,919 | +104.6% |
| Intangible fixed assets | 21 | €1,875 | €1,173 | -€702 | -37.5% |
| Tangible fixed assets | 22/27 | €14,098 | €31,719 | +€17,621 | +125.0% |
| Furniture and vehicles | 24 | €14,098 | €31,719 | +€17,621 | +125.0% |
| Financial fixed assets | 28 | €199 | €199 | = | 0.0% |
| Current assets | 29/58 | €19,260 | €19,270 | +€10 | +0.1% |
| Amounts receivable within one year | 40/41 | €14,939 | €10,999 | -€3,940 | -26.4% |
| Trade receivables | 40 | €14,939 | €10,962 | -€3,976 | -26.6% |
| Other amounts receivable | 41 | - | €36 | +€36 | |
| Cash at bank and in hand | 54/58 | €3,775 | €6,843 | +€3,068 | +81.3% |
| Deferred charges and accrued income | 490/1 | €546 | €1,428 | +€882 | +161.7% |
| Total equity and liabilities | 10/49 | €35,432 | €52,361 | +€16,929 | +47.8% |
| Equity | 10/15 | €11,929 | €13,420 | +€1,491 | +12.5% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,522 | -€7,031 | +€1,491 | +17.5% |
| Amounts payable | 17/49 | €23,503 | €38,941 | +€15,438 | +65.7% |
| Amounts payable after more than one year | 17 | €3,546 | €29,371 | +€25,825 | +728.3% |
| Financial debts | 170/4 | €3,546 | €29,371 | +€25,825 | +728.3% |
| Amounts payable within one year | 42/48 | €19,957 | €9,570 | -€10,387 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €9,677 | €7,447 | -€2,230 | -23.0% |
| Trade debts | 44 | €1,521 | €1,663 | +€142 | +9.3% |
| Suppliers | 440/4 | €1,521 | €1,663 | +€142 | +9.3% |
| Taxes, remuneration and social security | 45 | €8,759 | €460 | -€8,299 | -94.7% |
| Taxes | 450/3 | €2,375 | €460 | -€1,915 | -80.6% |
| Remuneration and social security | 454/9 | €6,384 | - | -€6,384 | |
| Remuneration, social security and pensions | 62 | €30,998 | - | -€30,998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,371 | €11,133 | +€2,762 | +33.0% |
| Other operating charges | 640/8 | €1,177 | €4,279 | +€3,102 | +263.6% |
| Non-recurring operating charges | 66A | €326 | €1,058 | +€731 | +224.1% |
| Gross operating margin | 9900 | €31,690 | €20,660 | -€11,030 | -34.8% |
| Operating profit (loss) | 9901 | -€9,182 | €4,190 | +€13,372 | |
| Financial charges | 65/66B | €269 | €2,165 | +€1,896 | +704.5% |
| Recurring financial charges | 65 | €269 | €2,165 | +€1,896 | +704.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,451 | €2,025 | +€11,476 | |
| Income taxes | 67/77 | €861 | €534 | -€327 | -38.0% |
| Profit (loss) for the period | 9904 | -€10,312 | €1,491 | +€11,803 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,312 | €1,491 | +€11,803 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.