PRESENTA: 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.
PRESENTA
Largest movements
- Tangible fixed assets -€60,942
down €60,942 (-4.7%), from €1.3m to €1.2m
of which Other tangible fixed assets: -€41,403
- Receivables within one year -€22,325
down €22,325 (-13.7%), from €163,246 to €140,921
of which Trade receivables: -€21,503
- Debts after one year +€176,398
up €176,398 (+25.5%), from €690,656 to €867,055
- Current portion of long-term debt -€58,713
down €58,713 (-78.3%), from €74,982 to €16,269
- Short-term financial debts -€55,039
down €55,039 (-94.1%), from €58,507 to €3,468
- Trade debts -€54,340
down €54,340 (-59.9%), from €90,752 to €36,412
- Reserves -€48,700
down €48,700 (-28.8%), from €169,304 to €120,604
of which Distributable reserves: -€46,055
- Gross operating margin -€89,586
down €89,586 (-46.4%), from €193,023 to €103,437
- Financial charges +€26,632
up €26,632 (+87.1%), from €30,571 to €57,203
- Other operating charges -€25,051
down €25,051 (-46.2%), from €54,233 to €29,182
- Taxes -€20,922
down €20,922 (-95.9%), from €21,820 to €898
- Depreciation -€19,416
down €19,416 (-22.8%), from €85,098 to €65,682
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 | €1,605,052 | €1,520,706 | -€84,345 | -5.3% |
| Fixed assets | 21/28 | €1,439,767 | €1,378,825 | -€60,942 | -4.2% |
| Tangible fixed assets | 22/27 | €1,289,767 | €1,228,825 | -€60,942 | -4.7% |
| Land and buildings | 22 | €969,315 | €956,520 | -€12,795 | -1.3% |
| Plant, machinery and equipment | 23 | €6,240 | €5,423 | -€817 | -13.1% |
| Furniture and vehicles | 24 | €35,471 | €29,544 | -€5,928 | -16.7% |
| Other tangible fixed assets | 26 | €278,741 | €237,338 | -€41,403 | -14.9% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €165,284 | €141,882 | -€23,403 | -14.2% |
| Amounts receivable within one year | 40/41 | €163,246 | €140,921 | -€22,325 | -13.7% |
| Trade receivables | 40 | €118,443 | €96,940 | -€21,503 | -18.2% |
| Other amounts receivable | 41 | €44,803 | €43,981 | -€822 | -1.8% |
| Cash at bank and in hand | 54/58 | €1,020 | €353 | -€666 | -65.3% |
| Deferred charges and accrued income | 490/1 | €1,019 | €607 | -€412 | -40.4% |
| Total equity and liabilities | 10/49 | €1,605,052 | €1,520,706 | -€84,345 | -5.3% |
| Equity | 10/15 | €187,896 | €139,196 | -€48,700 | -25.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €169,304 | €120,604 | -€48,700 | -28.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,645 | - | -€2,645 | |
| Distributable reserves | 133 | €164,800 | €118,744 | -€46,055 | -27.9% |
| Provisions and deferred taxes | 16 | €719 | - | -€719 | |
| Deferred taxes | 168 | €719 | - | -€719 | |
| Amounts payable | 17/49 | €1,416,436 | €1,381,511 | -€34,926 | -2.5% |
| Amounts payable after more than one year | 17 | €690,656 | €867,055 | +€176,398 | +25.5% |
| Financial debts | 170/4 | €690,656 | €867,055 | +€176,398 | +25.5% |
| Amounts payable within one year | 42/48 | €725,780 | €514,456 | -€211,324 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €74,982 | €16,269 | -€58,713 | -78.3% |
| Financial debts | 43 | €58,507 | €3,468 | -€55,039 | -94.1% |
| Credit institutions | 430/8 | €58,507 | €3,468 | -€55,039 | -94.1% |
| Trade debts | 44 | €90,752 | €36,412 | -€54,340 | -59.9% |
| Suppliers | 440/4 | €90,752 | €36,412 | -€54,340 | -59.9% |
| Advances received on contracts in progress | 46 | €64,212 | €52,400 | -€11,812 | -18.4% |
| Taxes, remuneration and social security | 45 | €6,097 | €7,421 | +€1,325 | +21.7% |
| Taxes | 450/3 | €6,097 | €7,421 | +€1,325 | +21.7% |
| Other amounts payable | 47/48 | €431,230 | €398,486 | -€32,744 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,098 | €65,682 | -€19,416 | -22.8% |
| Other operating charges | 640/8 | €54,233 | €29,182 | -€25,051 | -46.2% |
| Gross operating margin | 9900 | €193,023 | €103,437 | -€89,586 | -46.4% |
| Operating profit (loss) | 9901 | €53,692 | €8,573 | -€45,119 | -84.0% |
| Financial income | 75/76B | €217 | €108 | -€109 | -50.3% |
| Recurring financial income | 75 | €217 | €108 | -€109 | -50.3% |
| Financial charges | 65/66B | €30,571 | €57,203 | +€26,632 | +87.1% |
| Recurring financial charges | 65 | €30,571 | €57,203 | +€26,632 | +87.1% |
| Profit (loss) for the period before taxes | 9903 | €23,338 | -€48,521 | -€71,860 | |
| Transfer from deferred taxes | 780 | €976 | €719 | -€257 | -26.3% |
| Income taxes | 67/77 | €21,820 | €898 | -€20,922 | -95.9% |
| Profit (loss) for the period | 9904 | €2,494 | -€48,700 | -€51,195 | |
| Transfer from tax-exempt reserves | 789 | €1,763 | €2,645 | +€882 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,258 | -€46,055 | -€50,313 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.