PROSPECTCO: 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.
PROSPECTCO
Largest movements
- Tangible fixed assets -€1.1m
down €1.1m (-82.0%), from €1.3m to €234,066
of which Land and buildings: -€1.1m
- Cash -€157,404
down €157,404 (-95.4%), from €165,049 to €7,646
mainly Short-term financial debts (-€1.5m) and Debts after one year (-€15,686)
- Short-term financial debts -€1.5m
down €1.5m (-100%), from €1.5m to €0
- Profit (loss) carried forward +€202,120
up €202,120 (+64.7%), from -€312,593 to -€110,473
- Other debts +€81,787
up €81,787 (+94.7%), from €86,382 to €168,169
- Gross operating margin +€250,008
up €250,008 (+890%), from €28,092 to €278,100
- Financial charges -€61,673
down €61,673 (-63.6%), from €96,973 to €35,301
- Depreciation -€21,053
down €21,053 (-49.0%), from €42,936 to €21,883
- Taxes +€7,457
up €7,457 (+2,269%), from €329 to €7,786
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 | €1,779,206 | €546,255 | -€1.2m | -69.3% |
| Fixed assets | 21/28 | €1,298,982 | €234,066 | -€1.1m | -82.0% |
| Tangible fixed assets | 22/27 | €1,298,982 | €234,066 | -€1.1m | -82.0% |
| Land and buildings | 22 | €1,272,755 | €187,230 | -€1.1m | -85.3% |
| Plant, machinery and equipment | 23 | €928 | €560 | -€368 | -39.6% |
| Furniture and vehicles | 24 | €25,299 | €46,276 | +€20,977 | +82.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €480,224 | €312,189 | -€168,035 | -35.0% |
| Amounts receivable within one year | 40/41 | €313,339 | €304,307 | -€9,032 | -2.9% |
| Trade receivables | 40 | €302,773 | €292,276 | -€10,497 | -3.5% |
| Other amounts receivable | 41 | €10,566 | €12,031 | +€1,465 | +13.9% |
| Cash at bank and in hand | 54/58 | €165,049 | €7,646 | -€157,404 | -95.4% |
| Deferred charges and accrued income | 490/1 | €1,836 | €236 | -€1,599 | -87.1% |
| Total equity and liabilities | 10/49 | €1,779,206 | €546,255 | -€1.2m | -69.3% |
| Equity | 10/15 | €78,180 | €280,300 | +€202,120 | +259% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €315,773 | €315,773 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €308,273 | €308,273 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€312,593 | -€110,473 | +€202,120 | +64.7% |
| Amounts payable | 17/49 | €1,701,026 | €265,955 | -€1.4m | -84.4% |
| Amounts payable after more than one year | 17 | €92,815 | €77,129 | -€15,686 | -16.9% |
| Financial debts | 170/4 | €92,815 | €77,129 | -€15,686 | -16.9% |
| Amounts payable within one year | 42/48 | €1,606,053 | €188,827 | -€1.4m | -88.2% |
| Current portion of amounts payable after more than one year | 42 | €14,850 | €15,270 | +€420 | +2.8% |
| Financial debts | 43 | €1,500,000 | €0 | -€1.5m | -100% |
| Credit institutions | 430/8 | €1,500,000 | €0 | -€1.5m | -100% |
| Trade debts | 44 | €4,820 | €3,275 | -€1,545 | -32.1% |
| Suppliers | 440/4 | €4,820 | €3,275 | -€1,545 | -32.1% |
| Taxes, remuneration and social security | 45 | €0 | €2,113 | +€2,113 | |
| Taxes | 450/3 | €0 | €2,113 | +€2,113 | |
| Other amounts payable | 47/48 | €86,382 | €168,169 | +€81,787 | +94.7% |
| Accrued charges and deferred income | 492/3 | €2,158 | €0 | -€2,158 | -100% |
| Non-recurring operating income | 76A | €27,663 | €0 | -€27,663 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,936 | €21,883 | -€21,053 | -49.0% |
| Other operating charges | 640/8 | €11,951 | €11,011 | -€940 | -7.9% |
| Gross operating margin | 9900 | €28,092 | €278,100 | +€250,008 | +890% |
| Operating profit (loss) | 9901 | -€26,795 | €245,206 | +€272,001 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €96,973 | €35,301 | -€61,673 | -63.6% |
| Recurring financial charges | 65 | €96,973 | €35,301 | -€61,673 | -63.6% |
| Profit (loss) for the period before taxes | 9903 | -€123,768 | €209,906 | +€333,674 | |
| Income taxes | 67/77 | €329 | €7,786 | +€7,457 | +2,269% |
| Profit (loss) for the period | 9904 | -€124,097 | €202,120 | +€326,217 | |
| Profit (loss) for the period to be appropriated | 9905 | -€124,097 | €202,120 | +€326,217 |
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 27 October 2026 via checked.be.