PREWAT SERVICE: 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.
PREWAT SERVICE
Largest movements
- Receivables within one year -€85,741
down €85,741 (-49.1%), from €174,784 to €89,043
- Cash -€25,412
down €25,412 (-58.2%), from €43,627 to €18,215
mainly Contributions, distributions and other (-€120,000) and Trade debts (-€117,660)
- Trade debts -€117,660
down €117,660 (-79.3%), from €148,453 to €30,793
- Debts after one year -€65,009
down €65,009 (-6.3%), from €1.0m to €960,761
- Profit (loss) carried forward +€38,650
up €38,650 (+9.1%), from €426,904 to €465,554
- Advances received +€28,105
new in 2025: €28,105
- Gross operating margin +€33,744
up €33,744 (+13.8%), from €245,400 to €279,145
- Depreciation +€15,651
up €15,651 (+36.0%), from €43,535 to €59,187
- Taxes -€14,526
down €14,526 (-50.3%), from €28,896 to €14,370
- Financial charges -€12,493
down €12,493 (-23.1%), from €54,046 to €41,553
of which Non-recurring financial charges: -€14,055
- Financial income -€7,568
down €7,568 (-99.7%), from €7,591 to €23
of which Non-recurring financial income: -€7,514
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 | €1,876,270 | €1,767,614 | -€108,656 | -5.8% |
| Fixed assets | 21/28 | €1,657,859 | €1,660,357 | +€2,497 | +0.2% |
| Tangible fixed assets | 22/27 | €1,657,859 | €1,660,357 | +€2,497 | +0.2% |
| Land and buildings | 22 | €1,571,009 | €1,527,396 | -€43,613 | -2.8% |
| Plant, machinery and equipment | 23 | €12,315 | €29,772 | +€17,457 | +142% |
| Furniture and vehicles | 24 | €74,535 | €103,189 | +€28,654 | +38.4% |
| Current assets | 29/58 | €218,411 | €107,258 | -€111,153 | -50.9% |
| Amounts receivable within one year | 40/41 | €174,784 | €89,043 | -€85,741 | -49.1% |
| Other amounts receivable | 41 | €174,784 | €89,043 | -€85,741 | -49.1% |
| Cash at bank and in hand | 54/58 | €43,627 | €18,215 | -€25,412 | -58.2% |
| Total equity and liabilities | 10/49 | €1,876,270 | €1,767,614 | -€108,656 | -5.8% |
| Equity | 10/15 | €495,104 | €533,754 | +€38,650 | +7.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €426,904 | €465,554 | +€38,650 | +9.1% |
| Amounts payable | 17/49 | €1,381,166 | €1,233,860 | -€147,306 | -10.7% |
| Amounts payable after more than one year | 17 | €1,025,770 | €960,761 | -€65,009 | -6.3% |
| Financial debts | 170/4 | €1,025,770 | €960,761 | -€65,009 | -6.3% |
| Amounts payable within one year | 42/48 | €355,396 | €273,099 | -€82,297 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €67,316 | €69,914 | +€2,598 | +3.9% |
| Trade debts | 44 | €148,453 | €30,793 | -€117,660 | -79.3% |
| Suppliers | 440/4 | €148,453 | €30,793 | -€117,660 | -79.3% |
| Advances received on contracts in progress | 46 | - | €28,105 | +€28,105 | |
| Taxes, remuneration and social security | 45 | €69,134 | €60,154 | -€8,980 | -13.0% |
| Taxes | 450/3 | €69,134 | €23,641 | -€45,492 | -65.8% |
| Remuneration and social security | 454/9 | - | €36,513 | +€36,513 | |
| Other amounts payable | 47/48 | €70,493 | €84,133 | +€13,640 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,535 | €59,187 | +€15,651 | +36.0% |
| Other operating charges | 640/8 | €3,782 | €5,408 | +€1,626 | +43.0% |
| Gross operating margin | 9900 | €245,400 | €279,145 | +€33,744 | +13.8% |
| Operating profit (loss) | 9901 | €198,083 | €214,550 | +€16,467 | +8.3% |
| Financial income | 75/76B | €7,591 | €23 | -€7,568 | -99.7% |
| Recurring financial income | 75 | €77 | €23 | -€54 | -70.1% |
| Non-recurring financial income | 76B | €7,514 | - | -€7,514 | |
| Financial charges | 65/66B | €54,046 | €41,553 | -€12,493 | -23.1% |
| Recurring financial charges | 65 | €39,484 | €41,046 | +€1,562 | +4.0% |
| Non-recurring financial charges | 66B | €14,562 | €507 | -€14,055 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | €151,629 | €173,020 | +€21,391 | +14.1% |
| Income taxes | 67/77 | €28,896 | €14,370 | -€14,526 | -50.3% |
| Profit (loss) for the period | 9904 | €122,733 | €158,650 | +€35,917 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €122,733 | €158,650 | +€35,917 | +29.3% |
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 20 October 2026 via checked.be.