PRG PROJECTS: 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.
What changed
PRG PROJECTS
NACE 90.393, Specialised image, lighting and sound technical services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€4.7m
2024 · €2.6m-€7.4m
Equity
€32.9m
2024 · €37.6m-€4.7m
Cash
€227,828
2024 · €191,237+€36,591
Balance sheet total
€72.8m
2024 · €74.0m-€1.2m
Largest movements
Assets
- Financial fixed assets -€1.3m
down €1.3m (-2.5%), from €54.0m to €52.6m
- Tangible fixed assets -€939,376
down €939,376 (-40.9%), from €2.3m to €1.4m
of which Plant, machinery and equipment: -€876,736
Equity and liabilities
- Profit (loss) carried forward -€4.7m
down €4.7m (-52.7%), from €9.0m to €4.2m
- Trade debts +€1.9m
up €1.9m (+58.3%), from €3.3m to €5.2m
- Accrued charges and deferred income +€1.5m
up €1.5m (+50.7%), from €3.0m to €4.5m
Income statement
- Financial charges +€4.5m
up €4.5m (+1845.3%), from €244,920 to €4.8m
- Financial income -€1.7m
down €1.7m (-43.4%), from €4.0m to €2.3m
- Depreciation +€621,917
up €621,917 (+135.4%), from €459,179 to €1.1m
- Gross operating margin -€223,365
down €223,365 (-33.0%), from €676,981 to €453,616
- Taxes +€133,809
up €133,809 (+2047.0%), from €6,537 to €140,346
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.
Result 2024
€2.6m
Gross operating margin
-€223,365
Staff costs
-€128,222
Depreciation
-€621,917
Other operating charges
-€3,301
Financial income
-€1.7m
Financial charges
-€4.5m
Taxes
-€133,809
Result 2025
-€4.7m
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.
From operations
-€1.1m
Investment
+€1.2m
Financing
-€10,318
Cash 2024
€191,237
From operations (derived)
-€1.1m
Net result for the year
-€4.7m
Depreciation
+€1.1m
Receivables within one year
-€699,477
Deferred charges and accrued income
-€356,564
Trade debts
+€1.9m
Tax, wage and social debts
+€154,124
Other debts
-€24,258
Accrued charges and deferred income
+€1.5m
Investment (derived)
+€1.2m
Investment in fixed assets (net)
+€1.2m
Financing
-€10,318
Debts after one year
-€23,060
Current portion of long-term debt
-€6,410
Short-term financial debts
+€19,152
Cash 2025
€227,828
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,001,983 | €72,824,300 | -€1.2m | -1.6% |
| Fixed assets | 21/28 | €56,270,932 | €54,000,617 | -€2.3m | -4.0% |
| Tangible fixed assets | 22/27 | €2,299,236 | €1,359,860 | -€939,376 | -40.9% |
| Land and buildings | 22 | €590,622 | €578,639 | -€11,983 | -2.0% |
| Plant, machinery and equipment | 23 | €1,570,363 | €693,627 | -€876,736 | -55.8% |
| Furniture and vehicles | 24 | €32,356 | €56,449 | +€24,093 | +74.5% |
| Leasing and similar rights | 25 | €105,895 | €31,145 | -€74,750 | -70.6% |
| Financial fixed assets | 28 | €53,971,696 | €52,640,757 | -€1.3m | -2.5% |
| Current assets | 29/58 | €17,731,051 | €18,823,683 | +€1.1m | +6.2% |
| Amounts receivable within one year | 40/41 | €17,535,486 | €18,234,963 | +€699,477 | +4.0% |
| Trade receivables | 40 | €902,928 | €1,630,375 | +€727,446 | +80.6% |
| Other amounts receivable | 41 | €16,632,558 | €16,604,588 | -€27,970 | -0.2% |
| Cash at bank and in hand | 54/58 | €191,237 | €227,828 | +€36,591 | +19.1% |
| Deferred charges and accrued income | 490/1 | €4,328 | €360,892 | +€356,564 | +8238.7% |
| Total equity and liabilities | 10/49 | €74,001,983 | €72,824,300 | -€1.2m | -1.6% |
| Equity | 10/15 | €37,587,479 | €32,868,782 | -€4.7m | -12.6% |
| Contributions | 10/11 | €25,596,898 | €25,596,898 | = | 0.0% |
| Capital | 10 | €8,539,806 | €8,539,806 | = | 0.0% |
| Issued capital | 100 | €8,539,806 | €8,539,806 | = | 0.0% |
| Contributions outside capital | 11 | €17,057,092 | €17,057,092 | = | 0.0% |
| Share premium | 1100/10 | €17,057,092 | €17,057,092 | = | 0.0% |
| Reserves | 13 | €3,039,750 | €3,039,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €858,235 | €858,235 | = | 0.0% |
| Legal reserve | 130 | €858,235 | €858,235 | = | 0.0% |
| Distributable reserves | 133 | €2,181,514 | €2,181,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,950,832 | €4,232,135 | -€4.7m | -52.7% |
| Amounts payable | 17/49 | €36,414,504 | €39,955,519 | +€3.5m | +9.7% |
| Amounts payable after more than one year | 17 | €3,706,777 | €3,683,717 | -€23,060 | -0.6% |
| Financial debts | 170/4 | €3,706,777 | €3,683,717 | -€23,060 | -0.6% |
| Amounts payable within one year | 42/48 | €29,723,008 | €31,773,021 | +€2.1m | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €29,470 | €23,060 | -€6,410 | -21.7% |
| Financial debts | 43 | €96,110 | €115,262 | +€19,152 | +19.9% |
| Credit institutions | 430/8 | €96,110 | €115,262 | +€19,152 | +19.9% |
| Trade debts | 44 | €3,272,413 | €5,179,817 | +€1.9m | +58.3% |
| Suppliers | 440/4 | €3,272,413 | €5,179,817 | +€1.9m | +58.3% |
| Taxes, remuneration and social security | 45 | €143,164 | €297,288 | +€154,124 | +107.7% |
| Taxes | 450/3 | €8,014 | €140,346 | +€132,332 | +1651.3% |
| Remuneration and social security | 454/9 | €135,150 | €156,942 | +€21,793 | +16.1% |
| Other amounts payable | 47/48 | €26,181,851 | €26,157,593 | -€24,258 | -0.1% |
| Accrued charges and deferred income | 492/3 | €2,984,718 | €4,498,781 | +€1.5m | +50.7% |
| Remuneration, social security and pensions | 62 | €1,188,167 | €1,316,389 | +€128,222 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €459,179 | €1,081,096 | +€621,917 | +135.4% |
| Other operating charges | 640/8 | €125,697 | €128,997 | +€3,301 | +2.6% |
| Gross operating margin | 9900 | €676,981 | €453,616 | -€223,365 | -33.0% |
| Operating profit (loss) | 9901 | -€1,096,062 | -€2,072,866 | -€976,804 | -89.1% |
| Financial income | 75/76B | €3,994,274 | €2,258,851 | -€1.7m | -43.4% |
| Recurring financial income | 75 | €3,994,274 | €2,258,851 | -€1.7m | -43.4% |
| Financial charges | 65/66B | €244,920 | €4,764,336 | +€4.5m | +1845.3% |
| Recurring financial charges | 65 | €244,920 | €4,764,336 | +€4.5m | +1845.3% |
| Profit (loss) for the period before taxes | 9903 | €2,653,292 | -€4,578,352 | -€7.2m | |
| Income taxes | 67/77 | €6,537 | €140,346 | +€133,809 | +2047.0% |
| Profit (loss) for the period | 9904 | €2,646,756 | -€4,718,698 | -€7.4m | |
| Transfer from tax-exempt reserves | 789 | €2,181,514 | - | -€2.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €4,828,270 | -€4,718,698 | -€9.5m |
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 11 October 2026 via checked.be.