STUDIO VAN PRAET: 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.
STUDIO VAN PRAET
Largest movements
- Receivables within one year -€97,554
down €97,554 (-72.5%), from €134,594 to €37,040
of which Trade receivables: -€104,071
- Current investments +€90,000
new in 2025: €90,000
- Tangible fixed assets -€28,845
down €28,845 (-2.1%), from €1.4m to €1.4m
- Reserves +€117,680
up €117,680 (+25.4%), from €464,208 to €581,888
of which Distributable reserves: +€117,680
- Other debts -€67,599
down €67,599 (-22.9%), from €294,706 to €227,107
- Current portion of long-term debt -€65,000
down €65,000 (-62.6%), from €103,833 to €38,833
- Trade debts +€54,586
up €54,586 (+321%), from €17,018 to €71,604
- Debts after one year -€38,833
down €38,833 (-32.4%), from €119,736 to €80,903
- Gross operating margin -€82,394
down €82,394 (-23.7%), from €347,687 to €265,293
- Taxes -€26,493
down €26,493 (-31.0%), from €85,447 to €58,954
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 | €1,618,111 | €1,597,873 | -€20,239 | -1.3% |
| Fixed assets | 21/28 | €1,395,801 | €1,366,956 | -€28,845 | -2.1% |
| Tangible fixed assets | 22/27 | €1,395,801 | €1,366,956 | -€28,845 | -2.1% |
| Land and buildings | 22 | €1,395,801 | €1,366,956 | -€28,845 | -2.1% |
| Current assets | 29/58 | €222,311 | €230,917 | +€8,606 | +3.9% |
| Amounts receivable within one year | 40/41 | €134,594 | €37,040 | -€97,554 | -72.5% |
| Trade receivables | 40 | €134,214 | €30,143 | -€104,071 | -77.5% |
| Other amounts receivable | 41 | €380 | €6,897 | +€6,517 | +1,715% |
| Current investments | 50/53 | - | €90,000 | +€90,000 | |
| Cash at bank and in hand | 54/58 | €87,716 | €103,571 | +€15,855 | +18.1% |
| Deferred charges and accrued income | 490/1 | - | €305 | +€305 | |
| Total equity and liabilities | 10/49 | €1,618,111 | €1,597,873 | -€20,239 | -1.3% |
| Equity | 10/15 | €1,044,645 | €1,162,325 | +€117,680 | +11.3% |
| Contributions | 10/11 | €7,507 | €7,507 | = | 0.0% |
| Revaluation surpluses | 12 | €572,931 | €572,931 | = | 0.0% |
| Reserves | 13 | €464,208 | €581,888 | +€117,680 | +25.4% |
| Tax-exempt reserves | 132 | €78,900 | €78,900 | = | 0.0% |
| Distributable reserves | 133 | €385,308 | €502,988 | +€117,680 | +30.5% |
| Amounts payable | 17/49 | €573,466 | €435,547 | -€137,919 | -24.1% |
| Amounts payable after more than one year | 17 | €119,736 | €80,903 | -€38,833 | -32.4% |
| Financial debts | 170/4 | €119,736 | €80,903 | -€38,833 | -32.4% |
| Amounts payable within one year | 42/48 | €436,004 | €337,544 | -€98,460 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €103,833 | €38,833 | -€65,000 | -62.6% |
| Trade debts | 44 | €17,018 | €71,604 | +€54,586 | +321% |
| Suppliers | 440/4 | €17,018 | €71,604 | +€54,586 | +321% |
| Taxes, remuneration and social security | 45 | €20,447 | €0 | -€20,447 | -100% |
| Taxes | 450/3 | €20,447 | €0 | -€20,447 | -100% |
| Other amounts payable | 47/48 | €294,706 | €227,107 | -€67,599 | -22.9% |
| Accrued charges and deferred income | 492/3 | €17,726 | €17,100 | -€626 | -3.5% |
| Non-recurring operating income | 76A | - | €11,701 | +€11,701 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,642 | €61,450 | +€808 | +1.3% |
| Other operating charges | 640/8 | €4,111 | €4,326 | +€216 | +5.2% |
| Gross operating margin | 9900 | €347,687 | €265,293 | -€82,394 | -23.7% |
| Operating profit (loss) | 9901 | €282,935 | €199,516 | -€83,418 | -29.5% |
| Financial income | 75/76B | €11 | €1,290 | +€1,279 | +12,183% |
| Recurring financial income | 75 | €11 | €1,290 | +€1,279 | +12,183% |
| Financial charges | 65/66B | €25,707 | €24,172 | -€1,535 | -6.0% |
| Recurring financial charges | 65 | €25,707 | €24,172 | -€1,535 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €257,238 | €176,634 | -€80,604 | -31.3% |
| Income taxes | 67/77 | €85,447 | €58,954 | -€26,493 | -31.0% |
| Profit (loss) for the period | 9904 | €171,792 | €117,680 | -€54,112 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €171,792 | €117,680 | -€54,112 | -31.5% |
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 23 October 2026 via checked.be.