PRELUDIS: 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.
PRELUDIS
Largest movements
- Receivables within one year +€229,963
up €229,963 (+157.3%), from €146,192 to €376,155
of which Trade receivables: +€215,589
- Cash -€38,837
down €38,837 (-60.7%), from €63,979 to €25,142
mainly Receivables within one year (-€229,963) and Investment in fixed assets (net) (-€43,049)
- Tangible fixed assets -€14,431
down €14,431 (-7.7%), from €187,836 to €173,406
of which Leasing and similar rights: -€14,993
- Trade debts +€91,274
up €91,274 (+167.6%), from €54,458 to €145,732
- Profit (loss) carried forward +€74,275
up €74,275 (+59.8%), from €124,257 to €198,532
- Tax, wage and social debts +€13,462
new in 2025: €13,462
- Debts after one year -€10,585
down €10,585 (-26.1%), from €40,556 to €29,971
- Other debts +€6,636
up €6,636 (+9.5%), from €70,073 to €76,709
- Gross operating margin +€142,752
up €142,752 (+904.8%), from €15,778 to €158,530
- Taxes +€12,269
up €12,269 (+1028.4%), from €1,193 to €13,462
- Financial charges +€10,785
up €10,785 (+830.7%), from €1,298 to €12,083
- Depreciation +€6,371
up €6,371 (+12.5%), from €51,108 to €57,479
- Staff costs -€3,117
no longer reported in 2025 (was €3,117)
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 | €398,751 | €575,447 | +€176,696 | +44.3% |
| Fixed assets | 21/28 | €188,580 | €174,150 | -€14,431 | -7.7% |
| Tangible fixed assets | 22/27 | €187,836 | €173,406 | -€14,431 | -7.7% |
| Plant, machinery and equipment | 23 | €127,536 | €138,052 | +€10,516 | +8.2% |
| Furniture and vehicles | 24 | €38,795 | €28,841 | -€9,953 | -25.7% |
| Leasing and similar rights | 25 | €21,506 | €6,513 | -€14,993 | -69.7% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €210,171 | €401,297 | +€191,126 | +90.9% |
| Amounts receivable within one year | 40/41 | €146,192 | €376,155 | +€229,963 | +157.3% |
| Trade receivables | 40 | €136,916 | €352,505 | +€215,589 | +157.5% |
| Other amounts receivable | 41 | €9,275 | €23,650 | +€14,374 | +155.0% |
| Cash at bank and in hand | 54/58 | €63,979 | €25,142 | -€38,837 | -60.7% |
| Total equity and liabilities | 10/49 | €398,751 | €575,447 | +€176,696 | +44.3% |
| Equity | 10/15 | €198,007 | €272,282 | +€74,275 | +37.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | €50,000 | = | 0.0% |
| Issued capital | 100 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €23,750 | €23,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Legal reserve | 130 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,257 | €198,532 | +€74,275 | +59.8% |
| Amounts payable | 17/49 | €200,744 | €303,165 | +€102,421 | +51.0% |
| Amounts payable after more than one year | 17 | €40,556 | €29,971 | -€10,585 | -26.1% |
| Financial debts | 170/4 | €40,556 | €29,971 | -€10,585 | -26.1% |
| Amounts payable within one year | 42/48 | €160,188 | €273,194 | +€113,006 | +70.5% |
| Current portion of amounts payable after more than one year | 42 | €29,871 | €31,505 | +€1,634 | +5.5% |
| Trade debts | 44 | €54,458 | €145,732 | +€91,274 | +167.6% |
| Suppliers | 440/4 | €54,458 | €145,732 | +€91,274 | +167.6% |
| Advances received on contracts in progress | 46 | €5,786 | €5,786 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €13,462 | +€13,462 | |
| Taxes | 450/3 | - | €13,462 | +€13,462 | |
| Other amounts payable | 47/48 | €70,073 | €76,709 | +€6,636 | +9.5% |
| Remuneration, social security and pensions | 62 | €3,117 | - | -€3,117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,108 | €57,479 | +€6,371 | +12.5% |
| Other operating charges | 640/8 | €1,168 | €1,314 | +€146 | +12.5% |
| Gross operating margin | 9900 | €15,778 | €158,530 | +€142,752 | +904.8% |
| Operating profit (loss) | 9901 | -€39,616 | €99,737 | +€139,353 | |
| Financial income | 75/76B | €1,564 | €83 | -€1,481 | -94.7% |
| Recurring financial income | 75 | €1,564 | €83 | -€1,481 | -94.7% |
| Financial charges | 65/66B | €1,298 | €12,083 | +€10,785 | +830.7% |
| Recurring financial charges | 65 | €1,298 | €12,083 | +€10,785 | +830.7% |
| Profit (loss) for the period before taxes | 9903 | -€39,350 | €87,737 | +€127,087 | |
| Income taxes | 67/77 | €1,193 | €13,462 | +€12,269 | +1028.4% |
| Profit (loss) for the period | 9904 | -€40,543 | €74,275 | +€114,818 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,543 | €74,275 | +€114,818 |
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 8 October 2026 via checked.be.