PRESTART: what changed
Two financial 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.
PRESTART
Largest movements
- Cash -€8,989
down €8,989 (-13.4%), from €66,854 to €57,865
mainly Investment in fixed assets (net) (-€29,257) and Net result for the year (-€17,667)
- Receivables within one year -€7,574
down €7,574 (-49.5%), from €15,287 to €7,714
- Profit (loss) carried forward -€17,667
down €17,667 (-13.5%), from -€130,567 to -€148,234
- Other debts +€17,601
up €17,601 (+18.3%), from €96,393 to €113,993
- Tax, wage and social debts -€9,728
down €9,728 (-73.6%), from €13,220 to €3,492
- Trade debts -€6,973
down €6,973 (-69.1%), from €10,086 to €3,113
- Gross operating margin -€23,391
down €23,391 (-63.2%), from €36,983 to €13,592
- Depreciation +€9,037
up €9,037 (+44.4%), from €20,331 to €29,368
- Other operating charges -€3,355
down €3,355 (-73.0%), from €4,595 to €1,240
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.
Derived cash bridge
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 | €144,582 | €127,815 | -€16,767 | -11.6% |
| Fixed assets | 21/28 | €60,731 | €60,621 | -€110 | -0.2% |
| Tangible fixed assets | 22/27 | €60,731 | €60,621 | -€110 | -0.2% |
| Furniture and vehicles | 24 | €60,731 | €60,621 | -€110 | -0.2% |
| Current assets | 29/58 | €83,851 | €67,194 | -€16,657 | -19.9% |
| Amounts receivable within one year | 40/41 | €15,287 | €7,714 | -€7,574 | -49.5% |
| Trade receivables | 40 | €15,287 | €7,714 | -€7,574 | -49.5% |
| Cash at bank and in hand | 54/58 | €66,854 | €57,865 | -€8,989 | -13.4% |
| Deferred charges and accrued income | 490/1 | €1,710 | €1,616 | -€94 | -5.5% |
| Total equity and liabilities | 10/49 | €144,582 | €127,815 | -€16,767 | -11.6% |
| Equity | 10/15 | €24,884 | €7,217 | -€17,667 | -71.0% |
| Contributions | 10/11 | €153,592 | €153,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,567 | -€148,234 | -€17,667 | -13.5% |
| Amounts payable | 17/49 | €119,698 | €120,598 | +€900 | +0.8% |
| Amounts payable within one year | 42/48 | €119,698 | €120,598 | +€900 | +0.8% |
| Trade debts | 44 | €10,086 | €3,113 | -€6,973 | -69.1% |
| Suppliers | 440/4 | €10,086 | €3,113 | -€6,973 | -69.1% |
| Taxes, remuneration and social security | 45 | €13,220 | €3,492 | -€9,728 | -73.6% |
| Taxes | 450/3 | €13,220 | €3,492 | -€9,728 | -73.6% |
| Other amounts payable | 47/48 | €96,393 | €113,993 | +€17,601 | +18.3% |
| Remuneration, social security and pensions | 62 | €70 | €0 | -€70 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,331 | €29,368 | +€9,037 | +44.4% |
| Other operating charges | 640/8 | €4,595 | €1,240 | -€3,355 | -73.0% |
| Gross operating margin | 9900 | €36,983 | €13,592 | -€23,391 | -63.2% |
| Operating profit (loss) | 9901 | €11,987 | -€17,016 | -€29,003 | |
| Financial income | 75/76B | €30 | €16 | -€14 | -46.9% |
| Recurring financial income | 75 | €30 | €16 | -€14 | -46.9% |
| Financial charges | 65/66B | €581 | €331 | -€250 | -43.1% |
| Recurring financial charges | 65 | €581 | €331 | -€250 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €11,436 | -€17,331 | -€28,767 | |
| Income taxes | 67/77 | €281 | €336 | +€55 | +19.6% |
| Profit (loss) for the period | 9904 | €11,155 | -€17,667 | -€28,822 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,155 | -€17,667 | -€28,822 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.