PRZADAK: 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.
What changed
PRZADAK
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€41,876
2024 · €306,698-€264,822
Equity
€1.1m
2024 · €1.1m-€8,223
Cash
€13,826
2024 · €73,629-€59,802
Balance sheet total
€1.6m
2024 · €1.6m+€22,608
Largest movements
Assets
- Receivables within one year +€76,276
up €76,276 (+82.0%), from €92,970 to €169,246
- Cash -€59,802
down €59,802 (-81.2%), from €73,629 to €13,826
mainly Receivables within one year (-€76,276) and Investment in fixed assets (net) (-€65,359)
Equity and liabilities
- Other debts +€19,633
up €19,633 (+7.8%), from €252,272 to €271,906
Income statement
- Gross operating margin -€327,087
down €327,087 (-71.2%), from €459,703 to €132,617
- Depreciation +€6,272
up €6,272 (+11.5%), from €54,437 to €60,709
- Taxes +€6,029
up €6,029 (+41.9%), from €14,386 to €20,415
- Financial income +€5,024
up €5,024 (+169.6%), from €2,962 to €7,986
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.
Result 2024
€306,698
Gross operating margin
-€327,087
Depreciation
-€6,272
Other operating charges
+€318
Financial income
+€5,024
Financial charges
+€311
Taxes
-€6,029
Deferred taxes and other
+€68,912
Result 2025
€41,876
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.
From operations
+€52,299
Investment
-€65,359
Financing
-€46,742
Cash 2024
€73,629
From operations (derived)
+€52,299
Net result for the year
+€41,876
Depreciation
+€60,709
Receivables within one year
-€76,276
Deferred charges and accrued income
-€1,484
Provisions
-€1,927
Trade debts
+€1,822
Tax, wage and social debts
+€5,446
Other debts
+€19,633
Accrued charges and deferred income
+€2,500
Investment (derived)
-€65,359
Investment in fixed assets (net)
-€65,359
Financing
-€46,742
Debts after one year
+€3,004
Short-term financial debts
+€353
Contributions, distributions and other
-€50,099
Cash 2025
€13,826
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,551,649 | €1,574,257 | +€22,608 | +1.5% |
| Fixed assets | 21/28 | €1,384,923 | €1,389,573 | +€4,650 | +0.3% |
| Tangible fixed assets | 22/27 | €1,384,853 | €1,389,503 | +€4,650 | +0.3% |
| Land and buildings | 22 | €1,379,261 | €1,384,024 | +€4,763 | +0.3% |
| Plant, machinery and equipment | 23 | €1,406 | €2,415 | +€1,010 | +71.8% |
| Furniture and vehicles | 24 | €4,187 | €3,064 | -€1,123 | -26.8% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €166,726 | €184,684 | +€17,958 | +10.8% |
| Amounts receivable within one year | 40/41 | €92,970 | €169,246 | +€76,276 | +82.0% |
| Other amounts receivable | 41 | €92,970 | €169,246 | +€76,276 | +82.0% |
| Cash at bank and in hand | 54/58 | €73,629 | €13,826 | -€59,802 | -81.2% |
| Deferred charges and accrued income | 490/1 | €128 | €1,612 | +€1,484 | +1161.3% |
| Total equity and liabilities | 10/49 | €1,551,649 | €1,574,257 | +€22,608 | +1.5% |
| Equity | 10/15 | €1,122,840 | €1,114,617 | -€8,223 | -0.7% |
| Contributions | 10/11 | €88,208 | €88,208 | = | 0.0% |
| Reserves | 13 | €636,149 | €627,925 | -€8,223 | -1.3% |
| Tax-exempt reserves | 132 | €362,817 | €355,109 | -€7,707 | -2.1% |
| Distributable reserves | 133 | €273,332 | €272,816 | -€516 | -0.2% |
| Profit (loss) carried forward | 14 | €398,484 | €398,484 | = | 0.0% |
| Provisions and deferred taxes | 16 | €129,233 | €127,306 | -€1,927 | -1.5% |
| Provisions for liabilities and charges | 160/5 | €62,248 | €62,248 | = | 0.0% |
| Taxes | 161 | €62,248 | €62,248 | = | 0.0% |
| Deferred taxes | 168 | €66,985 | €65,059 | -€1,927 | -2.9% |
| Amounts payable | 17/49 | €299,576 | €332,334 | +€32,758 | +10.9% |
| Amounts payable after more than one year | 17 | €20,178 | €23,182 | +€3,004 | +14.9% |
| Other amounts payable | 178/9 | €20,178 | €23,182 | +€3,004 | +14.9% |
| Amounts payable within one year | 42/48 | €279,398 | €306,652 | +€27,254 | +9.8% |
| Financial debts | 43 | - | €353 | +€353 | |
| Credit institutions | 430/8 | - | €353 | +€353 | |
| Trade debts | 44 | €161 | €1,983 | +€1,822 | +1131.2% |
| Suppliers | 440/4 | €161 | €1,983 | +€1,822 | +1131.2% |
| Taxes, remuneration and social security | 45 | €26,964 | €32,410 | +€5,446 | +20.2% |
| Taxes | 450/3 | €26,964 | €32,410 | +€5,446 | +20.2% |
| Other amounts payable | 47/48 | €252,272 | €271,906 | +€19,633 | +7.8% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,437 | €60,709 | +€6,272 | +11.5% |
| Other operating charges | 640/8 | €18,126 | €17,808 | -€318 | -1.8% |
| Gross operating margin | 9900 | €459,703 | €132,617 | -€327,087 | -71.2% |
| Operating profit (loss) | 9901 | €387,140 | €54,100 | -€333,040 | -86.0% |
| Financial income | 75/76B | €2,962 | €7,986 | +€5,024 | +169.6% |
| Recurring financial income | 75 | €2,962 | €7,986 | +€5,024 | +169.6% |
| Financial charges | 65/66B | €2,033 | €1,721 | -€311 | -15.3% |
| Recurring financial charges | 65 | €2,033 | €1,721 | -€311 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €388,069 | €60,364 | -€327,705 | -84.4% |
| Transfer from deferred taxes | 780 | €726 | €1,927 | +€1,201 | +165.5% |
| Transfer to deferred taxes | 680 | €67,711 | - | -€67,711 | |
| Income taxes | 67/77 | €14,386 | €20,415 | +€6,029 | +41.9% |
| Profit (loss) for the period | 9904 | €306,698 | €41,876 | -€264,822 | -86.3% |
| Transfer from tax-exempt reserves | 789 | €2,903 | €7,707 | +€4,804 | +165.5% |
| Transfer to tax-exempt reserves | 689 | €270,845 | - | -€270,845 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,756 | €49,584 | +€10,828 | +27.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.