PRESIDENCE: 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.
PRESIDENCE
Largest movements
- Tangible fixed assets +€308,259
up €308,259 (+23.3%), from €1.3m to €1.6m
of which Land and buildings: +€418,036
- Receivables within one year +€121,564
up €121,564 (+119.5%), from €101,752 to €223,316
of which Trade receivables: +€127,121
- Cash -€42,187
down €42,187 (-39.2%), from €107,506 to €65,319
mainly Investment in fixed assets (net) (-€364,087) and Receivables within one year (-€121,564)
- Stocks and contracts -€31,698
down €31,698 (-20.9%), from €151,812 to €120,114
- Debts after one year +€395,662
up €395,662 (+41.1%), from €961,943 to €1.4m
of which Financial debts: +€395,272
- Trade debts -€52,798
down €52,798 (-61.2%), from €86,301 to €33,503
- Tax, wage and social debts +€24,576
up €24,576 (+97.7%), from €25,161 to €49,736
of which Taxes: +€38,041
- Write-downs +€58,407
up €58,407, from -€31,519 to €26,888
- Gross operating margin +€56,187
up €56,187 (+41.5%), from €135,370 to €191,557
- Financial charges +€36,339
up €36,339 (+303.5%), from €11,973 to €48,312
of which Financial charges: +€31,322
- Depreciation +€21,813
up €21,813 (+74.7%), from €29,216 to €51,029
- Taxes -€5,315
down €5,315 (-32.4%), from €16,387 to €11,072
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 | €1,688,209 | €2,047,281 | +€359,072 | +21.3% |
| Fixed assets | 21/28 | €1,325,473 | €1,638,532 | +€313,059 | +23.6% |
| Tangible fixed assets | 22/27 | €1,325,124 | €1,633,383 | +€308,259 | +23.3% |
| Land and buildings | 22 | €1,202,066 | €1,620,102 | +€418,036 | +34.8% |
| Plant, machinery and equipment | 23 | €1,105 | €858 | -€248 | -22.4% |
| Furniture and vehicles | 24 | €7,054 | €5,932 | -€1,122 | -15.9% |
| Other tangible fixed assets | 26 | - | €6,491 | +€6,491 | |
| Assets under construction and advance payments | 27 | €114,899 | - | -€114,899 | |
| Financial fixed assets | 28 | €349 | €5,149 | +€4,800 | +1373.9% |
| Current assets | 29/58 | €362,735 | €408,749 | +€46,013 | +12.7% |
| Stocks and contracts in progress | 3 | €151,812 | €120,114 | -€31,698 | -20.9% |
| Stocks | 30/36 | €151,812 | €120,114 | -€31,698 | -20.9% |
| Amounts receivable within one year | 40/41 | €101,752 | €223,316 | +€121,564 | +119.5% |
| Trade receivables | 40 | €60,599 | €187,720 | +€127,121 | +209.8% |
| Other amounts receivable | 41 | €41,153 | €35,595 | -€5,558 | -13.5% |
| Cash at bank and in hand | 54/58 | €107,506 | €65,319 | -€42,187 | -39.2% |
| Deferred charges and accrued income | 490/1 | €1,666 | - | -€1,666 | |
| Total equity and liabilities | 10/49 | €1,688,209 | €2,047,281 | +€359,072 | +21.3% |
| Equity | 10/15 | €430,458 | €410,150 | -€20,308 | -4.7% |
| Contributions | 10/11 | €7,445 | €7,445 | = | 0.0% |
| Reserves | 13 | €55,818 | €55,818 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,566 | €18,566 | = | 0.0% |
| Distributable reserves | 133 | €35,392 | €35,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | €367,195 | €346,887 | -€20,308 | -5.5% |
| Amounts payable | 17/49 | €1,257,751 | €1,637,131 | +€379,380 | +30.2% |
| Amounts payable after more than one year | 17 | €961,943 | €1,357,604 | +€395,662 | +41.1% |
| Financial debts | 170/4 | €933,471 | €1,328,743 | +€395,272 | +42.3% |
| Other amounts payable | 178/9 | €28,471 | €28,861 | +€390 | +1.4% |
| Amounts payable within one year | 42/48 | €295,809 | €279,527 | -€16,282 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €21,129 | €36,791 | +€15,662 | +74.1% |
| Trade debts | 44 | €86,301 | €33,503 | -€52,798 | -61.2% |
| Suppliers | 440/4 | €86,301 | €33,503 | -€52,798 | -61.2% |
| Taxes, remuneration and social security | 45 | €25,161 | €49,736 | +€24,576 | +97.7% |
| Taxes | 450/3 | - | €38,041 | +€38,041 | |
| Remuneration and social security | 454/9 | €25,161 | €11,696 | -€13,465 | -53.5% |
| Other amounts payable | 47/48 | €163,219 | €159,497 | -€3,722 | -2.3% |
| Remuneration, social security and pensions | 62 | €62,778 | €63,518 | +€739 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,216 | €51,029 | +€21,813 | +74.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€31,519 | €26,888 | +€58,407 | |
| Other operating charges | 640/8 | €12,357 | €12,159 | -€198 | -1.6% |
| Gross operating margin | 9900 | €135,370 | €191,557 | +€56,187 | +41.5% |
| Operating profit (loss) | 9901 | €62,538 | €37,963 | -€24,575 | -39.3% |
| Financial income | 75/76B | €1,214 | €1,113 | -€101 | -8.3% |
| Recurring financial income | 75 | €1,214 | €1,113 | -€101 | -8.3% |
| Financial charges | 65/66B | €11,973 | €48,312 | +€36,339 | +303.5% |
| Recurring financial charges | 65 | €11,973 | €43,295 | +€31,322 | +261.6% |
| Non-recurring financial charges | 66B | - | €5,017 | +€5,017 | |
| Profit (loss) for the period before taxes | 9903 | €51,779 | -€9,236 | -€61,014 | |
| Income taxes | 67/77 | €16,387 | €11,072 | -€5,315 | -32.4% |
| Profit (loss) for the period | 9904 | €35,392 | -€20,308 | -€55,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,392 | -€20,308 | -€55,700 |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.