PRESINVEST: what changed
What changed
PRESINVEST
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€275,571
2024 · €34,780-€310,351
Equity
€2.2m
2024 · €2.5m-€275,571
Cash
€82,227
2024 · €76,819+€5,408
Balance sheet total
€2.3m
2024 · €2.5m-€190,603
Largest movements
Assets
- Financial fixed assets -€1.4m
down €1.4m (-65.8%), from €2.1m to €725,128
- Current investments +€1.1m
up €1.1m (+550%), from €200,000 to €1.3m
- Tangible fixed assets +€89,684
new in 2025: €89,684
of which Leasing and similar rights: +€86,739
Equity and liabilities
- Reserves -€163,548
down €163,548 (-11.0%), from €1.5m to €1.3m
- Profit (loss) carried forward -€112,023
new in 2025: -€112,023
- Debts after one year +€70,069
new in 2025: €70,069
Income statement
- Financial charges +€314,637
up €314,637 (+16,939%), from €1,857 to €316,495
of which Non-recurring financial charges: +€314,750
- Depreciation +€12,278
new in 2025: €12,278
- Gross operating margin +€5,848
up €5,848 (+39.6%), from €14,762 to €20,610
- Taxes -€5,765
down €5,765 (-66.6%), from €8,657 to €2,892
- Financial income +€5,117
up €5,117 (+16.1%), from €31,792 to €36,908
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€34,780
Gross operating margin
+€5,848
Depreciation
-€12,278
Other operating charges
-€165
Financial income
+€5,117
Financial charges
-€314,637
Taxes
+€5,765
Result 2025
-€275,571
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€271,253
Investment
+€191,788
Financing
+€84,873
Cash 2024
€76,819
From operations (derived)
-€271,253
Net result for the year
-€275,571
Depreciation
+€12,278
Receivables within one year
-€8,318
Deferred charges and accrued income
+€263
Trade debts
+€4,436
Tax, wage and social debts
-€4,341
Investment (derived)
+€191,788
Investment in fixed assets (net)
+€1.3m
Current investments
-€1.1m
Financing
+€84,873
Debts after one year
+€70,069
Current portion of long-term debt
+€18,185
Short-term financial debts
-€3,381
Cash 2025
€82,227
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,511,641 | €2,321,038 | -€190,603 | -7.6% |
| Fixed assets | 21/28 | €2,118,878 | €814,812 | -€1.3m | -61.5% |
| Tangible fixed assets | 22/27 | - | €89,684 | +€89,684 | |
| Plant, machinery and equipment | 23 | - | €2,945 | +€2,945 | |
| Leasing and similar rights | 25 | - | €86,739 | +€86,739 | |
| Financial fixed assets | 28 | €2,118,878 | €725,128 | -€1.4m | -65.8% |
| Current assets | 29/58 | €392,763 | €1,506,226 | +€1.1m | +283% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,838 | €17,156 | +€8,318 | +94.1% |
| Trade receivables | 40 | €6,655 | - | -€6,655 | |
| Other amounts receivable | 41 | €2,183 | €17,156 | +€14,973 | +686% |
| Current investments | 50/53 | €200,000 | €1,300,000 | +€1.1m | +550% |
| Cash at bank and in hand | 54/58 | €76,819 | €82,227 | +€5,408 | +7.0% |
| Deferred charges and accrued income | 490/1 | €7,106 | €6,843 | -€263 | -3.7% |
| Total equity and liabilities | 10/49 | €2,511,641 | €2,321,038 | -€190,603 | -7.6% |
| Equity | 10/15 | €2,491,919 | €2,216,347 | -€275,571 | -11.1% |
| Contributions | 10/11 | €1,006,452 | €1,006,452 | = | 0.0% |
| Reserves | 13 | €1,485,467 | €1,321,919 | -€163,548 | -11.0% |
| Distributable reserves | 133 | €1,485,467 | €1,321,919 | -€163,548 | -11.0% |
| Profit (loss) carried forward | 14 | - | -€112,023 | -€112,023 | |
| Amounts payable | 17/49 | €19,723 | €104,691 | +€84,968 | +431% |
| Amounts payable after more than one year | 17 | - | €70,069 | +€70,069 | |
| Financial debts | 170/4 | - | €70,069 | +€70,069 | |
| Amounts payable within one year | 42/48 | €19,723 | €34,622 | +€14,899 | +75.5% |
| Current portion of amounts payable after more than one year | 42 | - | €18,185 | +€18,185 | |
| Financial debts | 43 | €3,381 | - | -€3,381 | |
| Credit institutions | 430/8 | €3,381 | - | -€3,381 | |
| Trade debts | 44 | €4,662 | €9,098 | +€4,436 | +95.2% |
| Suppliers | 440/4 | €4,662 | €9,098 | +€4,436 | +95.2% |
| Taxes, remuneration and social security | 45 | €6,091 | €1,751 | -€4,341 | -71.3% |
| Taxes | 450/3 | €4,180 | €1,426 | -€2,754 | -65.9% |
| Remuneration and social security | 454/9 | €1,912 | €325 | -€1,587 | -83.0% |
| Other amounts payable | 47/48 | €5,588 | €5,588 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €12,278 | +€12,278 | |
| Other operating charges | 640/8 | €1,259 | €1,424 | +€165 | +13.1% |
| Gross operating margin | 9900 | €14,762 | €20,610 | +€5,848 | +39.6% |
| Operating profit (loss) | 9901 | €13,502 | €6,907 | -€6,595 | -48.8% |
| Financial income | 75/76B | €31,792 | €36,908 | +€5,117 | +16.1% |
| Recurring financial income | 75 | €31,792 | €36,908 | +€5,117 | +16.1% |
| Financial charges | 65/66B | €1,857 | €316,495 | +€314,637 | +16,939% |
| Recurring financial charges | 65 | €1,857 | €1,745 | -€113 | -6.1% |
| Non-recurring financial charges | 66B | - | €314,750 | +€314,750 | |
| Profit (loss) for the period before taxes | 9903 | €43,437 | -€272,679 | -€316,116 | |
| Income taxes | 67/77 | €8,657 | €2,892 | -€5,765 | -66.6% |
| Profit (loss) for the period | 9904 | €34,780 | -€275,571 | -€310,351 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,780 | -€275,571 | -€310,351 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.