PRIEELS: 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.
What changed
PRIEELS
NACE 47.770, Retail sale of watches and jewellery
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€240,309
2024 · €92,415+€147,894
Equity
-€1.3m
2024 · -€1.6m+€240,309
Cash
€66,464
2024 · €78,430-€11,966
Balance sheet total
€241,717
2024 · €2.2m-€1.9m
Largest movements
Assets
- Stocks and contracts -€1.9m
down €1.9m (-99.8%), from €1.9m to €4,057
Equity and liabilities
- Advances received -€1.7m
down €1.7m (-100.0%), from €1.7m to €0
- Short-term financial debts -€540,582
down €540,582 (-100.0%), from €540,582 to €0
- Profit (loss) carried forward +€240,309
up €240,309 (+14.1%), from -€1.7m to -€1.5m
- Trade debts +€77,299
up €77,299 (+76.2%), from €101,432 to €178,731
- Provisions +€58,520
new in 2025: €58,520
Income statement
- Gross operating margin +€148,966
up €148,966 (+61.2%), from €243,551 to €392,518
- Provisions +€58,520
new in 2025: €58,520
- Staff costs -€26,751
down €26,751 (-42.7%), from €62,624 to €35,872
- Financial charges -€26,183
down €26,183 (-39.6%), from €66,048 to €39,865
of which Financial charges: -€32,054
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
€92,415
Gross operating margin
+€148,966
Staff costs
+€26,751
Depreciation
+€722
Provisions
-€58,520
Other operating charges
+€3,683
Financial income
+€2
Financial charges
+€26,183
Taxes
+€105
Result 2025
€240,309
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
+€528,617
Investment
€0
Financing
-€540,582
Cash 2024
€78,430
From operations (derived)
+€528,617
Net result for the year
+€240,309
Depreciation
+€16,062
Stocks and contracts
+€1.9m
Receivables within one year
+€14,160
Smaller working-capital items
-€2,845
Provisions
+€58,520
Trade debts
+€77,299
Tax, wage and social debts
+€17,524
Advances received
-€1.7m
Other debts
-€45,159
Financing
-€540,582
Short-term financial debts
-€540,582
Cash 2025
€66,464
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,171,307 | €241,717 | -€1.9m | -88.9% |
| Fixed assets | 21/28 | €35,058 | €18,996 | -€16,062 | -45.8% |
| Intangible fixed assets | 21 | €80 | €0 | -€80 | -100.0% |
| Tangible fixed assets | 22/27 | €34,728 | €18,746 | -€15,982 | -46.0% |
| Plant, machinery and equipment | 23 | €4,070 | €2,817 | -€1,253 | -30.8% |
| Furniture and vehicles | 24 | €30,657 | €15,929 | -€14,729 | -48.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €2,136,250 | €222,721 | -€1.9m | -89.6% |
| Stocks and contracts in progress | 3 | €1,889,739 | €4,057 | -€1.9m | -99.8% |
| Stocks | 30/36 | €1,889,739 | €4,057 | -€1.9m | -99.8% |
| Amounts receivable within one year | 40/41 | €159,041 | €144,881 | -€14,160 | -8.9% |
| Trade receivables | 40 | €135,841 | €121,681 | -€14,160 | -10.4% |
| Other amounts receivable | 41 | €23,199 | €23,199 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €78,430 | €66,464 | -€11,966 | -15.3% |
| Deferred charges and accrued income | 490/1 | €9,040 | €7,319 | -€1,721 | -19.0% |
| Total equity and liabilities | 10/49 | €2,171,307 | €241,717 | -€1.9m | -88.9% |
| Equity | 10/15 | -€1,574,909 | -€1,334,599 | +€240,309 | +15.3% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €2,014 | €2,014 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,694 | €1,694 | = | 0.0% |
| Legal reserve | 130 | €1,694 | €1,694 | = | 0.0% |
| Tax-exempt reserves | 132 | €320 | €320 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,700,870 | -€1,460,560 | +€240,309 | +14.1% |
| Provisions and deferred taxes | 16 | - | €58,520 | +€58,520 | |
| Provisions for liabilities and charges | 160/5 | - | €58,520 | +€58,520 | |
| Other liabilities and charges | 164/5 | - | €58,520 | +€58,520 | |
| Amounts payable | 17/49 | €3,746,216 | €1,517,797 | -€2.2m | -59.5% |
| Amounts payable within one year | 42/48 | €3,723,978 | €1,500,124 | -€2.2m | -59.7% |
| Financial debts | 43 | €540,582 | €0 | -€540,582 | -100.0% |
| Credit institutions | 430/8 | €540,582 | €0 | -€540,582 | -100.0% |
| Trade debts | 44 | €101,432 | €178,731 | +€77,299 | +76.2% |
| Suppliers | 440/4 | €101,432 | €178,731 | +€77,299 | +76.2% |
| Advances received on contracts in progress | 46 | €1,732,935 | €0 | -€1.7m | -100.0% |
| Taxes, remuneration and social security | 45 | €17,667 | €35,191 | +€17,524 | +99.2% |
| Taxes | 450/3 | €13,559 | €32,550 | +€18,991 | +140.1% |
| Remuneration and social security | 454/9 | €4,108 | €2,641 | -€1,467 | -35.7% |
| Other amounts payable | 47/48 | €1,331,362 | €1,286,203 | -€45,159 | -3.4% |
| Accrued charges and deferred income | 492/3 | €22,238 | €17,672 | -€4,566 | -20.5% |
| Non-recurring operating income | 76A | €245,000 | €0 | -€245,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €62,624 | €35,872 | -€26,751 | -42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,784 | €16,062 | -€722 | -4.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €58,520 | +€58,520 | |
| Other operating charges | 640/8 | €5,176 | €1,493 | -€3,683 | -71.2% |
| Gross operating margin | 9900 | €243,551 | €392,518 | +€148,966 | +61.2% |
| Operating profit (loss) | 9901 | €158,967 | €280,571 | +€121,604 | +76.5% |
| Financial income | 75/76B | €0 | €2 | +€2 | +1546.2% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +1546.2% |
| Financial charges | 65/66B | €66,048 | €39,865 | -€26,183 | -39.6% |
| Recurring financial charges | 65 | €66,048 | €33,994 | -€32,054 | -48.5% |
| Non-recurring financial charges | 66B | - | €5,871 | +€5,871 | |
| Profit (loss) for the period before taxes | 9903 | €92,919 | €240,708 | +€147,789 | +159.1% |
| Income taxes | 67/77 | €504 | €399 | -€105 | -20.8% |
| Profit (loss) for the period | 9904 | €92,415 | €240,309 | +€147,894 | +160.0% |
| Profit (loss) for the period to be appropriated | 9905 | €92,415 | €240,309 | +€147,894 | +160.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.