PROSPECTA: 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.
PROSPECTA
Largest movements
- Tangible fixed assets +€204,971
up €204,971 (+31.3%), from €654,145 to €859,116
of which Land and buildings: +€230,475
- Current investments -€57,668
down €57,668 (-100%), from €57,668 to €0
- Cash -€31,915
down €31,915 (-22.6%), from €141,208 to €109,293
mainly Investment in fixed assets (net) (-€252,290) and Contributions, distributions and other (-€60,000)
- Receivables within one year -€13,088
down €13,088 (-25.5%), from €51,387 to €38,299
of which Other amounts receivable: -€11,733
- Debts after one year +€108,919
up €108,919 (+23.3%), from €467,961 to €576,880
of which Financial debts: +€108,919
- Current portion of long-term debt +€22,330
up €22,330 (+51.0%), from €43,786 to €66,116
- Other debts -€20,118
down €20,118 (-40.8%), from €49,365 to €29,247
- Trade debts -€13,688
down €13,688 (-71.0%), from €19,268 to €5,580
of which Suppliers: -€13,688
- Gross operating margin -€19,777
down €19,777 (-11.3%), from €174,754 to €154,977
- Other operating charges -€15,770
down €15,770 (-72.9%), from €21,626 to €5,857
- Financial charges +€5,964
up €5,964 (+44.9%), from €13,281 to €19,245
- Financial income +€5,570
up €5,570 (+642%), from €868 to €6,438
- Depreciation +€4,564
up €4,564 (+10.7%), from €42,756 to €47,320
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 | €906,292 | €1,006,853 | +€100,560 | +11.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €654,145 | €859,116 | +€204,971 | +31.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €654,145 | €859,116 | +€204,971 | +31.3% |
| Land and buildings | 22 | €538,042 | €768,518 | +€230,475 | +42.8% |
| Plant, machinery and equipment | 23 | €17,112 | €17,375 | +€262 | +1.5% |
| Furniture and vehicles | 24 | €11,603 | €8,110 | -€3,492 | -30.1% |
| Leasing and similar rights | 25 | €56,304 | €36,351 | -€19,953 | -35.4% |
| Other tangible fixed assets | 26 | €31,084 | €28,763 | -€2,321 | -7.5% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €252,147 | €147,737 | -€104,410 | -41.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €51,387 | €38,299 | -€13,088 | -25.5% |
| Trade receivables | 40 | €34,529 | €33,174 | -€1,355 | -3.9% |
| Other amounts receivable | 41 | €16,858 | €5,124 | -€11,733 | -69.6% |
| Current investments | 50/53 | €57,668 | €0 | -€57,668 | -100% |
| Cash at bank and in hand | 54/58 | €141,208 | €109,293 | -€31,915 | -22.6% |
| Deferred charges and accrued income | 490/1 | €1,885 | €145 | -€1,739 | -92.3% |
| Total equity and liabilities | 10/49 | €906,292 | €1,006,853 | +€100,560 | +11.1% |
| Equity | 10/15 | €315,434 | €311,572 | -€3,862 | -1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €132,332 | €128,470 | -€3,862 | -2.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €0 | - | = | |
| Financial assistance | 1313 | €0 | - | = | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €130,472 | €128,470 | -€2,002 | -1.5% |
| Profit (loss) carried forward | 14 | €164,502 | €164,502 | = | 0.0% |
| Investment grants | 15 | €0 | - | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Taxes | 161 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €590,859 | €695,281 | +€104,422 | +17.7% |
| Amounts payable after more than one year | 17 | €467,961 | €576,880 | +€108,919 | +23.3% |
| Financial debts | 170/4 | €467,961 | €576,880 | +€108,919 | +23.3% |
| Trade debts | 175 | €0 | - | = | |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €122,897 | €118,400 | -€4,497 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €43,786 | €66,116 | +€22,330 | +51.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €19,268 | €5,580 | -€13,688 | -71.0% |
| Suppliers | 440/4 | €19,268 | €5,580 | -€13,688 | -71.0% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,479 | €17,458 | +€6,979 | +66.6% |
| Taxes | 450/3 | €7,294 | €17,458 | +€10,164 | +139% |
| Remuneration and social security | 454/9 | €3,185 | €0 | -€3,185 | -100% |
| Other amounts payable | 47/48 | €49,365 | €29,247 | -€20,118 | -40.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,756 | €47,320 | +€4,564 | +10.7% |
| Other operating charges | 640/8 | €21,626 | €5,857 | -€15,770 | -72.9% |
| Non-recurring operating charges | 66A | €574 | €17,474 | +€16,899 | +2,942% |
| Gross operating margin | 9900 | €174,754 | €154,977 | -€19,777 | -11.3% |
| Operating profit (loss) | 9901 | €109,797 | €84,327 | -€25,470 | -23.2% |
| Financial income | 75/76B | €868 | €6,438 | +€5,570 | +642% |
| Recurring financial income | 75 | €868 | €6,438 | +€5,570 | +642% |
| Financial charges | 65/66B | €13,281 | €19,245 | +€5,964 | +44.9% |
| Recurring financial charges | 65 | €13,281 | €19,245 | +€5,964 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | €97,385 | €71,520 | -€25,864 | -26.6% |
| Income taxes | 67/77 | €19,403 | €15,382 | -€4,021 | -20.7% |
| Profit (loss) for the period | 9904 | €77,982 | €56,138 | -€21,843 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,982 | €56,138 | -€21,843 | -28.0% |
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 16 October 2026 via checked.be.