PREVAL: 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.
PREVAL
Largest movements
- Financial fixed assets -€8.9m
down €8.9m (-3.3%), from €264.8m to €256.0m
- Cash +€4.8m
up €4.8m (+623.6%), from €776,551 to €5.6m
mainly Investment in fixed assets (net) (+€8.9m) and Net result for the year (+€8.2m)
- Other debts -€9.7m
down €9.7m (-31.7%), from €30.7m to €20.9m
- Profit (loss) carried forward +€8.2m
up €8.2m (+3.7%), from €220.9m to €229.1m
- Financial income +€7.9m
up €7.9m (+650.6%), from €1.2m to €9.2m
- Financial charges +€537,455
up €537,455 (+171.1%), from €314,039 to €851,494
- Other operating charges +€16,204
up €16,204 (+26.1%), from €62,043 to €78,247
- Gross operating margin -€8,380
down €8,380 (-38.2%), from -€21,955 to -€30,335
- Taxes -€2,150
no longer reported in 2025 (was €2,150)
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 | €276,768,282 | €275,162,250 | -€1.6m | -0.6% |
| Fixed assets | 21/28 | €265,662,340 | €256,772,069 | -€8.9m | -3.3% |
| Tangible fixed assets | 22/27 | €859,558 | €820,627 | -€38,931 | -4.5% |
| Land and buildings | 22 | €859,558 | €820,627 | -€38,931 | -4.5% |
| Financial fixed assets | 28 | €264,802,782 | €255,951,442 | -€8.9m | -3.3% |
| Current assets | 29/58 | €11,105,942 | €18,390,181 | +€7.3m | +65.6% |
| Amounts receivable within one year | 40/41 | €486,937 | €893,330 | +€406,393 | +83.5% |
| Trade receivables | 40 | €11,941 | €11,941 | = | 0.0% |
| Other amounts receivable | 41 | €474,996 | €881,389 | +€406,393 | +85.6% |
| Current investments | 50/53 | €9,837,911 | €11,872,125 | +€2.0m | +20.7% |
| Cash at bank and in hand | 54/58 | €776,551 | €5,618,872 | +€4.8m | +623.6% |
| Deferred charges and accrued income | 490/1 | €4,543 | €5,854 | +€1,312 | +28.9% |
| Total equity and liabilities | 10/49 | €276,768,282 | €275,162,250 | -€1.6m | -0.6% |
| Equity | 10/15 | €245,658,369 | €253,824,204 | +€8.2m | +3.3% |
| Contributions | 10/11 | €1,004,000 | €1,004,000 | = | 0.0% |
| Capital | 10 | €1,004,000 | €1,004,000 | = | 0.0% |
| Issued capital | 100 | €1,004,000 | €1,004,000 | = | 0.0% |
| Reserves | 13 | €23,744,400 | €23,744,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,400 | €100,400 | = | 0.0% |
| Legal reserve | 130 | €100,400 | €100,400 | = | 0.0% |
| Distributable reserves | 133 | €23,644,000 | €23,644,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €220,909,969 | €229,075,804 | +€8.2m | +3.7% |
| Amounts payable | 17/49 | €31,109,913 | €21,338,046 | -€9.8m | -31.4% |
| Amounts payable within one year | 42/48 | €30,670,316 | €20,934,582 | -€9.7m | -31.7% |
| Other amounts payable | 47/48 | €30,670,316 | €20,934,582 | -€9.7m | -31.7% |
| Accrued charges and deferred income | 492/3 | €439,596 | €403,464 | -€36,132 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,931 | €38,931 | = | 0.0% |
| Other operating charges | 640/8 | €62,043 | €78,247 | +€16,204 | +26.1% |
| Gross operating margin | 9900 | -€21,955 | -€30,335 | -€8,380 | -38.2% |
| Operating profit (loss) | 9901 | -€122,929 | -€147,513 | -€24,584 | -20.0% |
| Financial income | 75/76B | €1,220,966 | €9,164,842 | +€7.9m | +650.6% |
| Recurring financial income | 75 | €1,220,966 | €9,164,842 | +€7.9m | +650.6% |
| Financial charges | 65/66B | €314,039 | €851,494 | +€537,455 | +171.1% |
| Recurring financial charges | 65 | €314,039 | €851,494 | +€537,455 | +171.1% |
| Profit (loss) for the period before taxes | 9903 | €783,998 | €8,165,835 | +€7.4m | +941.6% |
| Income taxes | 67/77 | €2,150 | - | -€2,150 | |
| Profit (loss) for the period | 9904 | €781,848 | €8,165,835 | +€7.4m | +944.4% |
| Profit (loss) for the period to be appropriated | 9905 | €781,848 | €8,165,835 | +€7.4m | +944.4% |
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 5 October 2026 via checked.be.