PROSPECT RE: 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.
PROSPECT RE
Largest movements
- Tangible fixed assets +€360,610
up €360,610 (+93.7%), from €384,943 to €745,553
of which Land and buildings: +€360,414
- Current investments -€160,000
down €160,000 (-37.7%), from €424,956 to €264,956
- Other debts +€124,167
up €124,167 (+124%), from €100,474 to €224,642
- Tax, wage and social debts +€42,706
up €42,706 (+92.3%), from €46,289 to €88,995
of which Taxes: +€48,233
- Reserves +€42,406
up €42,406 (+5.7%), from €741,009 to €783,415
of which Distributable reserves: +€42,406
- Gross operating margin +€17,443
up €17,443 (+6.6%), from €264,376 to €281,819
- Taxes +€5,716
up €5,716 (+8.3%), from €69,108 to €74,824
- Financial charges +€3,513
up €3,513 (+1,660%), from €212 to €3,724
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.
Derived cash bridge
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 | €954,415 | €1,169,959 | +€215,544 | +22.6% |
| Fixed assets | 21/28 | €384,943 | €745,553 | +€360,610 | +93.7% |
| Tangible fixed assets | 22/27 | €384,943 | €745,553 | +€360,610 | +93.7% |
| Land and buildings | 22 | €383,822 | €744,236 | +€360,414 | +93.9% |
| Plant, machinery and equipment | 23 | - | €1,161 | +€1,161 | |
| Furniture and vehicles | 24 | €1,121 | €156 | -€965 | -86.1% |
| Current assets | 29/58 | €569,472 | €424,406 | -€145,066 | -25.5% |
| Amounts receivable within one year | 40/41 | €17,141 | €21,470 | +€4,329 | +25.3% |
| Trade receivables | 40 | €2,850 | €6,061 | +€3,210 | +113% |
| Other amounts receivable | 41 | €14,291 | €15,409 | +€1,119 | +7.8% |
| Current investments | 50/53 | €424,956 | €264,956 | -€160,000 | -37.7% |
| Cash at bank and in hand | 54/58 | €127,376 | €137,980 | +€10,605 | +8.3% |
| Total equity and liabilities | 10/49 | €954,415 | €1,169,959 | +€215,544 | +22.6% |
| Equity | 10/15 | €759,559 | €801,965 | +€42,406 | +5.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €741,009 | €783,415 | +€42,406 | +5.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,320 | €2,320 | = | 0.0% |
| Distributable reserves | 133 | €736,834 | €779,240 | +€42,406 | +5.8% |
| Provisions and deferred taxes | 16 | €48,000 | €48,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €48,000 | €48,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €48,000 | €48,000 | = | 0.0% |
| Amounts payable | 17/49 | €146,856 | €319,994 | +€173,138 | +118% |
| Amounts payable within one year | 42/48 | €146,856 | €319,994 | +€173,138 | +118% |
| Trade debts | 44 | €93 | €6,357 | +€6,264 | +6,736% |
| Suppliers | 440/4 | €93 | €6,357 | +€6,264 | +6,736% |
| Taxes, remuneration and social security | 45 | €46,289 | €88,995 | +€42,706 | +92.3% |
| Taxes | 450/3 | €39,362 | €87,596 | +€48,233 | +123% |
| Remuneration and social security | 454/9 | €6,927 | €1,400 | -€5,527 | -79.8% |
| Other amounts payable | 47/48 | €100,474 | €224,642 | +€124,167 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,217 | €34,305 | +€89 | +0.3% |
| Other operating charges | 640/8 | €3,129 | €2,710 | -€419 | -13.4% |
| Gross operating margin | 9900 | €264,376 | €281,819 | +€17,443 | +6.6% |
| Operating profit (loss) | 9901 | €227,031 | €244,804 | +€17,774 | +7.8% |
| Financial income | 75/76B | €1,713 | €4,310 | +€2,597 | +152% |
| Recurring financial income | 75 | €1,713 | €4,310 | +€2,597 | +152% |
| Financial charges | 65/66B | €212 | €3,724 | +€3,513 | +1,660% |
| Recurring financial charges | 65 | €212 | €3,724 | +€3,513 | +1,660% |
| Profit (loss) for the period before taxes | 9903 | €228,532 | €245,390 | +€16,858 | +7.4% |
| Income taxes | 67/77 | €69,108 | €74,824 | +€5,716 | +8.3% |
| Profit (loss) for the period | 9904 | €159,424 | €170,565 | +€11,142 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €159,424 | €170,565 | +€11,142 | +7.0% |
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 15 October 2026 via checked.be.