PRUDENT: 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.
PRUDENT
Largest movements
- Tangible fixed assets +€47,755
up €47,755 (+491.5%), from €9,717 to €57,472
of which Furniture and vehicles: +€43,979
- Cash -€18,444
down €18,444 (-68.2%), from €27,043 to €8,599
mainly Investment in fixed assets (net) (-€56,994) and Contributions, distributions and other (-€25,000)
- Receivables within one year -€6,090
down €6,090 (-35.0%), from €17,403 to €11,313
of which Other amounts receivable: -€7,594
- Deferred charges and accrued income +€2,774
up €2,774 (+307.0%), from €904 to €3,677
- Other debts +€21,279
up €21,279 (+545.5%), from €3,901 to €25,180
- Reserves +€5,305
up €5,305 (+11.7%), from €45,425 to €50,730
- Gross operating margin +€53,492
up €53,492, from -€5,673 to €47,819
- Taxes +€7,123
up €7,123 (+3187.5%), from €223 to €7,347
- Depreciation +€2,861
up €2,861 (+44.9%), from €6,377 to €9,239
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 | €55,066 | €81,061 | +€25,995 | +47.2% |
| Fixed assets | 21/28 | €9,717 | €57,472 | +€47,755 | +491.5% |
| Tangible fixed assets | 22/27 | €9,717 | €57,472 | +€47,755 | +491.5% |
| Plant, machinery and equipment | 23 | €1,583 | €5,359 | +€3,776 | +238.5% |
| Furniture and vehicles | 24 | €8,134 | €52,113 | +€43,979 | +540.7% |
| Current assets | 29/58 | €45,349 | €23,589 | -€21,760 | -48.0% |
| Amounts receivable within one year | 40/41 | €17,403 | €11,313 | -€6,090 | -35.0% |
| Trade receivables | 40 | €7,626 | €9,131 | +€1,505 | +19.7% |
| Other amounts receivable | 41 | €9,777 | €2,182 | -€7,594 | -77.7% |
| Cash at bank and in hand | 54/58 | €27,043 | €8,599 | -€18,444 | -68.2% |
| Deferred charges and accrued income | 490/1 | €904 | €3,677 | +€2,774 | +307.0% |
| Total equity and liabilities | 10/49 | €55,066 | €81,061 | +€25,995 | +47.2% |
| Equity | 10/15 | €50,425 | €55,730 | +€5,305 | +10.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €45,425 | €50,730 | +€5,305 | +11.7% |
| Distributable reserves | 133 | €45,425 | €50,730 | +€5,305 | +11.7% |
| Amounts payable | 17/49 | €4,641 | €25,331 | +€20,690 | +445.8% |
| Amounts payable within one year | 42/48 | €4,641 | €25,331 | +€20,690 | +445.8% |
| Trade debts | 44 | €740 | €151 | -€589 | -79.6% |
| Suppliers | 440/4 | €740 | €151 | -€589 | -79.6% |
| Other amounts payable | 47/48 | €3,901 | €25,180 | +€21,279 | +545.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,377 | €9,239 | +€2,861 | +44.9% |
| Other operating charges | 640/8 | €829 | €856 | +€27 | +3.2% |
| Gross operating margin | 9900 | -€5,673 | €47,819 | +€53,492 | |
| Operating profit (loss) | 9901 | -€12,880 | €37,724 | +€50,604 | |
| Financial charges | 65/66B | €104 | €72 | -€32 | -30.8% |
| Recurring financial charges | 65 | €104 | €72 | -€32 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,984 | €37,652 | +€50,636 | |
| Income taxes | 67/77 | €223 | €7,347 | +€7,123 | +3187.5% |
| Profit (loss) for the period | 9904 | -€13,207 | €30,305 | +€43,513 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,207 | €30,305 | +€43,513 |
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 12 October 2026 via checked.be.