PRIJAM: 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.
PRIJAM
Largest movements
- Tangible fixed assets -€82,249
down €82,249 (-11.7%), from €701,747 to €619,499
of which Other tangible fixed assets: -€42,277
- Cash +€25,217
up €25,217 (+93.3%), from €27,029 to €52,246
mainly Depreciation (+€92,145) and Net result for the year (+€43,436)
- Formation expenses -€9,625
down €9,625 (-43.1%), from €22,319 to €12,693
- Receivables within one year +€8,213
up €8,213 (+24.0%), from €34,257 to €42,470
of which Trade receivables: +€10,600
- Debts after one year -€90,152
down €90,152 (-32.2%), from €279,911 to €189,759
- Profit (loss) carried forward +€37,436
up €37,436 (+47.0%), from -€79,692 to -€42,256
- Trade debts -€27,335
down €27,335 (-30.0%), from €91,214 to €63,880
- Gross operating margin +€30,943
up €30,943 (+6.2%), from €498,958 to €529,900
- Staff costs +€8,534
up €8,534 (+2.3%), from €369,971 to €378,505
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 | €808,691 | €750,741 | -€57,950 | -7.2% |
| Formation expenses | 20 | €22,319 | €12,693 | -€9,625 | -43.1% |
| Fixed assets | 21/28 | €701,747 | €619,499 | -€82,249 | -11.7% |
| Tangible fixed assets | 22/27 | €701,747 | €619,499 | -€82,249 | -11.7% |
| Plant, machinery and equipment | 23 | €176,609 | €136,732 | -€39,877 | -22.6% |
| Furniture and vehicles | 24 | €1,389 | €1,295 | -€94 | -6.8% |
| Other tangible fixed assets | 26 | €523,750 | €481,472 | -€42,277 | -8.1% |
| Current assets | 29/58 | €84,625 | €118,549 | +€33,924 | +40.1% |
| Stocks and contracts in progress | 3 | €18,213 | €19,658 | +€1,445 | +7.9% |
| Stocks | 30/36 | €18,213 | €19,658 | +€1,445 | +7.9% |
| Amounts receivable within one year | 40/41 | €34,257 | €42,470 | +€8,213 | +24.0% |
| Trade receivables | 40 | €24,221 | €34,821 | +€10,600 | +43.8% |
| Other amounts receivable | 41 | €10,036 | €7,649 | -€2,387 | -23.8% |
| Cash at bank and in hand | 54/58 | €27,029 | €52,246 | +€25,217 | +93.3% |
| Deferred charges and accrued income | 490/1 | €5,126 | €4,176 | -€951 | -18.5% |
| Total equity and liabilities | 10/49 | €808,691 | €750,741 | -€57,950 | -7.2% |
| Equity | 10/15 | -€18,042 | €25,394 | +€43,436 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €150 | €6,150 | +€6,000 | +4000.0% |
| Non-distributable reserves | 130/1 | €150 | €6,150 | +€6,000 | +4000.0% |
| Legal reserve | 130 | €150 | €6,150 | +€6,000 | +4000.0% |
| Profit (loss) carried forward | 14 | -€79,692 | -€42,256 | +€37,436 | +47.0% |
| Amounts payable | 17/49 | €826,733 | €725,347 | -€101,386 | -12.3% |
| Amounts payable after more than one year | 17 | €279,911 | €189,759 | -€90,152 | -32.2% |
| Financial debts | 170/4 | €279,911 | €189,759 | -€90,152 | -32.2% |
| Amounts payable within one year | 42/48 | €545,566 | €531,382 | -€14,185 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €75,855 | €83,315 | +€7,460 | +9.8% |
| Trade debts | 44 | €91,214 | €63,880 | -€27,335 | -30.0% |
| Suppliers | 440/4 | €91,214 | €63,880 | -€27,335 | -30.0% |
| Taxes, remuneration and social security | 45 | €46,660 | €50,104 | +€3,445 | +7.4% |
| Taxes | 450/3 | €120 | €4,967 | +€4,847 | +4037.4% |
| Remuneration and social security | 454/9 | €46,540 | €45,137 | -€1,402 | -3.0% |
| Other amounts payable | 47/48 | €331,837 | €334,083 | +€2,246 | +0.7% |
| Accrued charges and deferred income | 492/3 | €1,256 | €4,207 | +€2,951 | +234.9% |
| Non-recurring operating income | 76A | €14,308 | €2,384 | -€11,923 | -83.3% |
| Remuneration, social security and pensions | 62 | €369,971 | €378,505 | +€8,534 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,102 | €92,145 | +€43 | 0.0% |
| Other operating charges | 640/8 | €2,120 | €2,339 | +€219 | +10.3% |
| Non-recurring operating charges | 66A | €22,850 | €3,883 | -€18,966 | -83.0% |
| Gross operating margin | 9900 | €498,958 | €529,900 | +€30,943 | +6.2% |
| Operating profit (loss) | 9901 | €11,915 | €53,028 | +€41,113 | +345.0% |
| Financial charges | 65/66B | €8,749 | €11,389 | +€2,640 | +30.2% |
| Recurring financial charges | 65 | €8,749 | €11,389 | +€2,640 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €3,166 | €41,639 | +€38,473 | +1215.2% |
| Income taxes | 67/77 | €2,664 | -€1,797 | -€4,461 | |
| Profit (loss) for the period | 9904 | €502 | €43,436 | +€42,934 | +8559.7% |
| Profit (loss) for the period to be appropriated | 9905 | €502 | €43,436 | +€42,934 | +8559.7% |
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 30 September 2026 via checked.be.