PRACO: 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.
PRACO
Largest movements
- Receivables within one year +€129,900
up €129,900 (+97.6%), from €133,130 to €263,029
of which Trade receivables: +€125,312
- Cash -€35,844
down €35,844 (-95.6%), from €37,488 to €1,643
mainly Receivables within one year (-€129,900) and Debts after one year (-€69,294)
- Tangible fixed assets -€7,757
down €7,757 (-13.9%), from €55,919 to €48,162
of which Furniture and vehicles: -€6,709
- Debts after one year -€69,294
down €69,294 (-23.1%), from €299,842 to €230,548
- Tax, wage and social debts +€56,732
up €56,732 (+223.6%), from €25,373 to €82,105
- Short-term financial debts +€44,500
up €44,500, from €0 to €44,500
- Profit (loss) carried forward +€27,943
up €27,943 (+53.1%), from €52,590 to €80,532
- Other debts +€19,436
up €19,436 (+124.5%), from €15,611 to €35,047
- Gross operating margin +€77,579
up €77,579 (+359.3%), from €21,593 to €99,172
- Other operating charges -€38,727
down €38,727 (-89.0%), from €43,522 to €4,796
- Taxes +€25,486
up €25,486 (+301.9%), from €8,443 to €33,929
- Financial income +€2,250
up €2,250 (+110.6%), from €2,033 to €4,283
- Depreciation +€2,181
up €2,181 (+12.9%), from €16,902 to €19,083
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €578,733 | €659,786 | +€81,053 | +14.0% |
| Fixed assets | 21/28 | €309,917 | €300,561 | -€9,356 | -3.0% |
| Intangible fixed assets | 21 | €2,313 | €713 | -€1,600 | -69.2% |
| Tangible fixed assets | 22/27 | €55,919 | €48,162 | -€7,757 | -13.9% |
| Plant, machinery and equipment | 23 | €12,289 | €11,241 | -€1,048 | -8.5% |
| Furniture and vehicles | 24 | €43,631 | €36,922 | -€6,709 | -15.4% |
| Financial fixed assets | 28 | €251,684 | €251,685 | +€1 | 0.0% |
| Current assets | 29/58 | €268,816 | €359,225 | +€90,409 | +33.6% |
| Amounts receivable after more than one year | 29 | €97,572 | €94,553 | -€3,020 | -3.1% |
| Other amounts receivable | 291 | €97,572 | €94,553 | -€3,020 | -3.1% |
| Amounts receivable within one year | 40/41 | €133,130 | €263,029 | +€129,900 | +97.6% |
| Trade receivables | 40 | €55,283 | €180,595 | +€125,312 | +226.7% |
| Other amounts receivable | 41 | €77,847 | €82,435 | +€4,588 | +5.9% |
| Cash at bank and in hand | 54/58 | €37,488 | €1,643 | -€35,844 | -95.6% |
| Deferred charges and accrued income | 490/1 | €627 | €0 | -€627 | -100.0% |
| Total equity and liabilities | 10/49 | €578,733 | €659,786 | +€81,053 | +14.0% |
| Equity | 10/15 | €120,790 | €148,732 | +€27,943 | +23.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €52,590 | €80,532 | +€27,943 | +53.1% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €457,944 | €511,054 | +€53,110 | +11.6% |
| Amounts payable after more than one year | 17 | €299,842 | €230,548 | -€69,294 | -23.1% |
| Financial debts | 170/4 | €299,842 | €230,548 | -€69,294 | -23.1% |
| Amounts payable within one year | 42/48 | €158,101 | €280,506 | +€122,404 | +77.4% |
| Current portion of amounts payable after more than one year | 42 | €67,286 | €69,294 | +€2,008 | +3.0% |
| Financial debts | 43 | €0 | €44,500 | +€44,500 | |
| Credit institutions | 430/8 | €0 | €44,500 | +€44,500 | |
| Trade debts | 44 | €49,831 | €49,560 | -€272 | -0.5% |
| Suppliers | 440/4 | €49,831 | €49,560 | -€272 | -0.5% |
| Taxes, remuneration and social security | 45 | €25,373 | €82,105 | +€56,732 | +223.6% |
| Taxes | 450/3 | €25,373 | €82,105 | +€56,732 | +223.6% |
| Other amounts payable | 47/48 | €15,611 | €35,047 | +€19,436 | +124.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,902 | €19,083 | +€2,181 | +12.9% |
| Other operating charges | 640/8 | €43,522 | €4,796 | -€38,727 | -89.0% |
| Gross operating margin | 9900 | €21,593 | €99,172 | +€77,579 | +359.3% |
| Operating profit (loss) | 9901 | -€38,832 | €75,293 | +€114,124 | |
| Financial income | 75/76B | €2,033 | €4,283 | +€2,250 | +110.6% |
| Recurring financial income | 75 | €2,033 | €4,283 | +€2,250 | +110.6% |
| Financial charges | 65/66B | €19,447 | €17,704 | -€1,743 | -9.0% |
| Recurring financial charges | 65 | €19,447 | €17,704 | -€1,743 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€56,245 | €61,872 | +€118,117 | |
| Transfer from deferred taxes | 780 | €14,046 | €0 | -€14,046 | -100.0% |
| Income taxes | 67/77 | €8,443 | €33,929 | +€25,486 | +301.9% |
| Profit (loss) for the period | 9904 | -€50,642 | €27,943 | +€78,585 | |
| Transfer from tax-exempt reserves | 789 | €56,184 | €0 | -€56,184 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,542 | €27,943 | +€22,401 | +404.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.