PRS Invest: what changed
PRS Invest
Largest movements
- Current investments +€425,895
new in 2025: €425,895
- Cash -€265,519
down €265,519 (-92.7%), from €286,459 to €20,940
mainly Current investments (-€425,895) and Investment in fixed assets (net) (-€37,500)
- Financial fixed assets +€37,500
up €37,500 (+4.7%), from €795,000 to €832,500
- Tangible fixed assets -€25,698
down €25,698 (-26.5%), from €96,957 to €71,259
- Reserves +€96,830
up €96,830 (+11.3%), from €854,460 to €951,290
of which Tax-exempt reserves: +€96,830
- Profit (loss) carried forward +€85,104
up €85,104 (+21.4%), from €396,954 to €482,058
- Financial income -€68,641
down €68,641 (-92.3%), from €74,395 to €5,754
- Taxes +€15,688
up €15,688 (+23.2%), from €67,686 to €83,375
- Gross operating margin -€8,223
down €8,223 (-2.8%), from €295,276 to €287,053
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,314,910 | €1,490,035 | +€175,125 | +13.3% |
| Fixed assets | 21/28 | €891,957 | €903,759 | +€11,802 | +1.3% |
| Tangible fixed assets | 22/27 | €96,957 | €71,259 | -€25,698 | -26.5% |
| Furniture and vehicles | 24 | €96,957 | €71,259 | -€25,698 | -26.5% |
| Financial fixed assets | 28 | €795,000 | €832,500 | +€37,500 | +4.7% |
| Current assets | 29/58 | €422,953 | €586,276 | +€163,323 | +38.6% |
| Amounts receivable within one year | 40/41 | €133,100 | €135,943 | +€2,843 | +2.1% |
| Trade receivables | 40 | €133,100 | €135,943 | +€2,843 | +2.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | - | €425,895 | +€425,895 | |
| Cash at bank and in hand | 54/58 | €286,459 | €20,940 | -€265,519 | -92.7% |
| Deferred charges and accrued income | 490/1 | €3,394 | €3,498 | +€105 | +3.1% |
| Total equity and liabilities | 10/49 | €1,314,910 | €1,490,035 | +€175,125 | +13.3% |
| Equity | 10/15 | €1,270,014 | €1,451,948 | +€181,934 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €854,460 | €951,290 | +€96,830 | +11.3% |
| Tax-exempt reserves | 132 | €109,460 | €206,290 | +€96,830 | +88.5% |
| Distributable reserves | 133 | €745,000 | €745,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €396,954 | €482,058 | +€85,104 | +21.4% |
| Amounts payable | 17/49 | €44,896 | €38,087 | -€6,809 | -15.2% |
| Amounts payable within one year | 42/48 | €44,896 | €38,087 | -€6,809 | -15.2% |
| Trade debts | 44 | €7,666 | €6,343 | -€1,323 | -17.3% |
| Suppliers | 440/4 | €7,666 | €6,343 | -€1,323 | -17.3% |
| Taxes, remuneration and social security | 45 | €36,665 | €31,180 | -€5,485 | -15.0% |
| Taxes | 450/3 | €36,665 | €31,180 | -€5,485 | -15.0% |
| Other amounts payable | 47/48 | €565 | €565 | = | 0.0% |
| Non-recurring operating income | 76A | €12,585 | €0 | -€12,585 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,698 | €25,698 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,271 | €1,760 | +€489 | +38.5% |
| Gross operating margin | 9900 | €295,276 | €287,053 | -€8,223 | -2.8% |
| Operating profit (loss) | 9901 | €268,308 | €259,595 | -€8,713 | -3.2% |
| Financial income | 75/76B | €74,395 | €5,754 | -€68,641 | -92.3% |
| Recurring financial income | 75 | €74,395 | €5,754 | -€68,641 | -92.3% |
| Financial charges | 65/66B | €4 | €40 | +€36 | +869% |
| Recurring financial charges | 65 | €4 | €40 | +€36 | +869% |
| Profit (loss) for the period before taxes | 9903 | €342,698 | €265,308 | -€77,390 | -22.6% |
| Income taxes | 67/77 | €67,686 | €83,375 | +€15,688 | +23.2% |
| Profit (loss) for the period | 9904 | €275,012 | €181,934 | -€93,078 | -33.8% |
| Transfer to tax-exempt reserves | 689 | €109,460 | €96,830 | -€12,630 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €165,552 | €85,104 | -€80,448 | -48.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.