PREXCO: 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.
PREXCO
Largest movements
- Cash -€90,402
down €90,402 (-97.2%), from €93,050 to €2,647
mainly Net result for the year (-€111,379) and Tax, wage and social debts (-€22,193)
- Receivables within one year -€43,463
down €43,463 (-35.0%), from €124,033 to €80,570
of which Other amounts receivable: -€33,480
- Tangible fixed assets +€16,525
new in 2025: €16,525
- Profit (loss) carried forward -€111,379
new in 2025: -€111,379
- Tax, wage and social debts -€22,193
down €22,193 (-90.4%), from €24,561 to €2,368
of which Taxes: -€22,252
- Debts after one year +€10,309
new in 2025: €10,309
- Current portion of long-term debt +€6,870
new in 2025: €6,870
- Gross operating margin -€331,927
down €331,927, from €230,497 to -€101,430
- Taxes -€52,038
no longer reported in 2025 (was €52,038)
- Financial charges -€20,028
down €20,028 (-95.2%), from €21,047 to €1,019
- Depreciation +€3,862
new in 2025: €3,862
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 | €219,014 | €101,929 | -€117,085 | -53.5% |
| Fixed assets | 21/28 | - | €16,525 | +€16,525 | |
| Tangible fixed assets | 22/27 | - | €16,525 | +€16,525 | |
| Furniture and vehicles | 24 | - | €16,525 | +€16,525 | |
| Current assets | 29/58 | €219,014 | €85,404 | -€133,609 | -61.0% |
| Amounts receivable within one year | 40/41 | €124,033 | €80,570 | -€43,463 | -35.0% |
| Trade receivables | 40 | €11,072 | €1,089 | -€9,983 | -90.2% |
| Other amounts receivable | 41 | €112,962 | €79,481 | -€33,480 | -29.6% |
| Cash at bank and in hand | 54/58 | €93,050 | €2,647 | -€90,402 | -97.2% |
| Deferred charges and accrued income | 490/1 | €1,931 | €2,187 | +€256 | +13.3% |
| Total equity and liabilities | 10/49 | €219,014 | €101,929 | -€117,085 | -53.5% |
| Equity | 10/15 | €164,173 | €52,794 | -€111,379 | -67.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €145,623 | €145,623 | = | 0.0% |
| Distributable reserves | 133 | €145,623 | €145,623 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€111,379 | -€111,379 | |
| Amounts payable | 17/49 | €54,841 | €49,135 | -€5,706 | -10.4% |
| Amounts payable after more than one year | 17 | - | €10,309 | +€10,309 | |
| Financial debts | 170/4 | - | €10,309 | +€10,309 | |
| Amounts payable within one year | 42/48 | €53,327 | €37,313 | -€16,015 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,870 | +€6,870 | |
| Trade debts | 44 | €4,301 | €2,746 | -€1,555 | -36.1% |
| Suppliers | 440/4 | €4,301 | €2,746 | -€1,555 | -36.1% |
| Taxes, remuneration and social security | 45 | €24,561 | €2,368 | -€22,193 | -90.4% |
| Taxes | 450/3 | €22,252 | - | -€22,252 | |
| Remuneration and social security | 454/9 | €2,309 | €2,368 | +€58 | +2.5% |
| Other amounts payable | 47/48 | €24,465 | €25,329 | +€864 | +3.5% |
| Accrued charges and deferred income | 492/3 | €1,514 | €1,514 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,862 | +€3,862 | |
| Other operating charges | 640/8 | €1,932 | €1,340 | -€592 | -30.7% |
| Non-recurring operating charges | 66A | €15 | €3,729 | +€3,714 | +25455.7% |
| Gross operating margin | 9900 | €230,497 | -€101,430 | -€331,927 | |
| Operating profit (loss) | 9901 | €228,550 | -€110,360 | -€338,910 | |
| Financial income | 75/76B | €171 | €0 | -€171 | -99.8% |
| Recurring financial income | 75 | €171 | €0 | -€171 | -99.8% |
| Financial charges | 65/66B | €21,047 | €1,019 | -€20,028 | -95.2% |
| Recurring financial charges | 65 | €21,047 | €1,019 | -€20,028 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | €207,674 | -€111,379 | -€319,053 | |
| Income taxes | 67/77 | €52,038 | - | -€52,038 | |
| Profit (loss) for the period | 9904 | €155,636 | -€111,379 | -€267,015 | |
| Profit (loss) for the period to be appropriated | 9905 | €155,636 | -€111,379 | -€267,015 |
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 10 October 2026 via checked.be.