PRF: what changed
PRF
Largest movements
- Tangible fixed assets -€265,612
down €265,612 (-4.4%), from €6.0m to €5.7m
of which Land and buildings: -€253,253
- Cash -€101,464
down €101,464 (-90.8%), from €111,793 to €10,329
mainly Net result for the year (-€304,978) and Receivables within one year (-€33,338)
- Profit (loss) carried forward -€304,978
down €304,978 (-14.1%), from -€2.2m to -€2.5m
- Gross operating margin -€102,808
down €102,808, from €81,910 to -€20,898
- Other operating charges -€4,225
down €4,225 (-37.8%), from €11,171 to €6,947
- Financial charges -€2,229
no longer reported in 2025 (was €2,229)
- Financial income +€1,961
new in 2025: €1,961
- Depreciation +€1,034
up €1,034 (+0.4%), from €278,061 to €279,094
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,085,045 | €5,751,415 | -€333,630 | -5.5% |
| Fixed assets | 21/28 | €5,972,914 | €5,707,302 | -€265,612 | -4.4% |
| Tangible fixed assets | 22/27 | €5,972,914 | €5,707,302 | -€265,612 | -4.4% |
| Land and buildings | 22 | €5,852,907 | €5,599,654 | -€253,253 | -4.3% |
| Furniture and vehicles | 24 | €10,355 | €8,547 | -€1,809 | -17.5% |
| Other tangible fixed assets | 26 | €109,651 | €99,101 | -€10,550 | -9.6% |
| Current assets | 29/58 | €112,130 | €44,113 | -€68,017 | -60.7% |
| Amounts receivable within one year | 40/41 | - | €33,338 | +€33,338 | |
| Other amounts receivable | 41 | - | €33,338 | +€33,338 | |
| Cash at bank and in hand | 54/58 | €111,793 | €10,329 | -€101,464 | -90.8% |
| Deferred charges and accrued income | 490/1 | €338 | €446 | +€109 | +32.2% |
| Total equity and liabilities | 10/49 | €6,085,045 | €5,751,415 | -€333,630 | -5.5% |
| Equity | 10/15 | €2,580,050 | €2,275,072 | -€304,978 | -11.8% |
| Contributions | 10/11 | €4,750,000 | €4,750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,169,950 | -€2,474,928 | -€304,978 | -14.1% |
| Amounts payable | 17/49 | €3,504,995 | €3,476,343 | -€28,652 | -0.8% |
| Amounts payable within one year | 42/48 | €3,504,995 | €3,476,343 | -€28,652 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €35,700 | €35,700 | = | 0.0% |
| Trade debts | 44 | €2,782 | €2,753 | -€29 | -1.0% |
| Suppliers | 440/4 | €2,782 | €2,753 | -€29 | -1.0% |
| Other amounts payable | 47/48 | €3,466,513 | €3,437,890 | -€28,623 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278,061 | €279,094 | +€1,034 | +0.4% |
| Other operating charges | 640/8 | €11,171 | €6,947 | -€4,225 | -37.8% |
| Gross operating margin | 9900 | €81,910 | -€20,898 | -€102,808 | |
| Operating profit (loss) | 9901 | -€207,322 | -€306,939 | -€99,617 | -48.0% |
| Financial income | 75/76B | - | €1,961 | +€1,961 | |
| Recurring financial income | 75 | - | €1,961 | +€1,961 | |
| Financial charges | 65/66B | €2,229 | - | -€2,229 | |
| Recurring financial charges | 65 | €2,229 | - | -€2,229 | |
| Profit (loss) for the period before taxes | 9903 | -€209,551 | -€304,978 | -€95,426 | -45.5% |
| Profit (loss) for the period | 9904 | -€209,551 | -€304,978 | -€95,426 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€209,551 | -€304,978 | -€95,426 | -45.5% |
Next steps
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 6 November 2026 via checked.be.