PREND GROUP: 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.
PREND GROUP
Largest movements
- Current investments +€132,554
up €132,554 (+5.9%), from €2.3m to €2.4m
- Tangible fixed assets -€36,599
down €36,599 (-9.9%), from €371,126 to €334,527
of which Land and buildings: -€35,534
- Reserves +€106,504
up €106,504 (+4.1%), from €2.6m to €2.7m
- Gross operating margin +€70,560
up €70,560 (+94.8%), from -€74,453 to -€3,893
- Financial income +€67,843
up €67,843 (+54.3%), from €124,893 to €192,736
of which Financial income: +€95,696
- Other operating charges +€28,344
up €28,344 (+519.0%), from €5,462 to €33,805
- Taxes +€11,805
new in 2025: €11,805
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 | €3,022,248 | €3,131,184 | +€108,936 | +3.6% |
| Fixed assets | 21/28 | €371,126 | €334,527 | -€36,599 | -9.9% |
| Tangible fixed assets | 22/27 | €371,126 | €334,527 | -€36,599 | -9.9% |
| Land and buildings | 22 | €368,901 | €333,368 | -€35,534 | -9.6% |
| Plant, machinery and equipment | 23 | €2,224 | €1,159 | -€1,065 | -47.9% |
| Current assets | 29/58 | €2,651,122 | €2,796,657 | +€145,535 | +5.5% |
| Stocks and contracts in progress | 3 | €300,000 | €316,416 | +€16,416 | +5.5% |
| Stocks | 30/36 | €300,000 | €316,416 | +€16,416 | +5.5% |
| Amounts receivable within one year | 40/41 | - | €29 | +€29 | |
| Trade receivables | 40 | - | €29 | +€29 | |
| Current investments | 50/53 | €2,250,764 | €2,383,318 | +€132,554 | +5.9% |
| Cash at bank and in hand | 54/58 | €100,358 | €96,894 | -€3,465 | -3.5% |
| Total equity and liabilities | 10/49 | €3,022,248 | €3,131,184 | +€108,936 | +3.6% |
| Equity | 10/15 | €3,011,716 | €3,118,220 | +€106,504 | +3.5% |
| Contributions | 10/11 | €4,672,000 | €4,672,000 | = | 0.0% |
| Outside capital | 11 | €4,672,000 | €4,672,000 | = | 0.0% |
| Other | 1109/19 | €4,672,000 | €4,672,000 | = | 0.0% |
| Reserves | 13 | €2,584,200 | €2,690,704 | +€106,504 | +4.1% |
| Distributable reserves | 133 | €2,584,200 | €2,690,704 | +€106,504 | +4.1% |
| Profit (loss) carried forward | 14 | -€4,244,484 | -€4,244,484 | = | 0.0% |
| Amounts payable | 17/49 | €10,532 | €12,964 | +€2,432 | +23.1% |
| Amounts payable within one year | 42/48 | €10,532 | €10,650 | +€118 | +1.1% |
| Trade debts | 44 | €7,957 | - | -€7,957 | |
| Suppliers | 440/4 | €7,957 | - | -€7,957 | |
| Taxes, remuneration and social security | 45 | - | €10,650 | +€10,650 | |
| Taxes | 450/3 | - | €10,650 | +€10,650 | |
| Other amounts payable | 47/48 | €2,576 | - | -€2,576 | |
| Accrued charges and deferred income | 492/3 | - | €2,313 | +€2,313 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,583 | €36,599 | +€17 | 0.0% |
| Other operating charges | 640/8 | €5,462 | €33,805 | +€28,344 | +519.0% |
| Non-recurring operating charges | 66A | €50,000 | - | -€50,000 | |
| Gross operating margin | 9900 | -€74,453 | -€3,893 | +€70,560 | +94.8% |
| Operating profit (loss) | 9901 | -€166,497 | -€74,298 | +€92,199 | +55.4% |
| Financial income | 75/76B | €124,893 | €192,736 | +€67,843 | +54.3% |
| Recurring financial income | 75 | €4,409 | €100,105 | +€95,696 | +2170.5% |
| Non-recurring financial income | 76B | €120,484 | €92,631 | -€27,852 | -23.1% |
| Financial charges | 65/66B | €85 | €129 | +€43 | +50.4% |
| Recurring financial charges | 65 | €85 | €129 | +€43 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | -€41,690 | €118,310 | +€160,000 | |
| Income taxes | 67/77 | - | €11,805 | +€11,805 | |
| Profit (loss) for the period | 9904 | -€41,690 | €106,504 | +€148,194 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,690 | €106,504 | +€148,194 |
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 2 October 2026 via checked.be.