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iPROMACO: 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

iPROMACO

BE 0537.851.934
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€56,226
2024 · €62,336-€6,110
Equity
€75,003
2024 · €177,777-€102,774
Cash
€127,606
2024 · €111,871+€15,734
Balance sheet total
€263,356
2024 · €289,515-€26,159

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€21,257

    down €21,257 (-13.6%), from €156,844 to €135,587

    of which Furniture and vehicles: -€14,142

  • Receivables within one year -€20,636

    down €20,636 (-99.2%), from €20,800 to €163

  • Cash +€15,734

    up €15,734 (+14.1%), from €111,871 to €127,606

    mainly Debts after one year (+€129,719) and Net result for the year (+€56,226)

Equity and liabilities
  • Debts after one year +€129,719

    up €129,719 (+331.3%), from €39,157 to €168,877

  • Reserves -€102,774

    down €102,774 (-64.6%), from €159,177 to €56,403

  • Other debts -€49,272

    down €49,272 (-96.8%), from €50,899 to €1,627

  • Tax, wage and social debts -€8,264

    down €8,264 (-63.5%), from €13,008 to €4,744

    of which Taxes: -€4,574

  • Trade debts +€4,333

    up €4,333 (+129.7%), from €3,342 to €7,675

Income statement
  • Gross operating margin -€7,444

    down €7,444 (-7.2%), from €104,073 to €96,629

  • Taxes -€1,260

    down €1,260 (-7.5%), from €16,904 to €15,644

From the 2024 result to the 2025 result

effect on the 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 €62,336
Gross operating margin -€7,444
Depreciation +€192
Other operating charges -€146
Financial charges +€29
Taxes +€1,260
Result 2025 €56,226

Cash bridge derived

cash 2024 to 2025

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 +€46,337
Investment -€1,420
Financing -€29,183
Cash 2024 €111,871
Net result for the year +€56,226
Depreciation +€22,677
Receivables within one year +€20,636
Trade debts +€4,333
Tax, wage and social debts -€8,264
Other debts -€49,272
Investment in fixed assets (net) -€1,420
Debts after one year +€129,719
Current portion of long-term debt +€98
Contributions, distributions and other -€159,000
Cash 2025 €127,606
Every line side by side 36 lines
Line Code 2024 2025 Change %
Total assets 20/58 €289,515 €263,356 -€26,159 -9.0%
Fixed assets 21/28 €156,844 €135,587 -€21,257 -13.6%
Tangible fixed assets 22/27 €156,844 €135,587 -€21,257 -13.6%
Land and buildings 22 €97,918 €91,327 -€6,590 -6.7%
Plant, machinery and equipment 23 €1,812 €1,287 -€525 -29.0%
Furniture and vehicles 24 €57,114 €42,972 -€14,142 -24.8%
Current assets 29/58 €132,671 €127,769 -€4,902 -3.7%
Amounts receivable within one year 40/41 €20,800 €163 -€20,636 -99.2%
Trade receivables 40 €20,800 €163 -€20,636 -99.2%
Cash at bank and in hand 54/58 €111,871 €127,606 +€15,734 +14.1%
Total equity and liabilities 10/49 €289,515 €263,356 -€26,159 -9.0%
Equity 10/15 €177,777 €75,003 -€102,774 -57.8%
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €159,177 €56,403 -€102,774 -64.6%
Distributable reserves 133 €159,177 €56,403 -€102,774 -64.6%
Amounts payable 17/49 €111,738 €188,353 +€76,615 +68.6%
Amounts payable after more than one year 17 €39,157 €168,877 +€129,719 +331.3%
Financial debts 170/4 €39,157 €168,877 +€129,719 +331.3%
Amounts payable within one year 42/48 €72,581 €19,476 -€53,104 -73.2%
Current portion of amounts payable after more than one year 42 €5,333 €5,431 +€98 +1.8%
Trade debts 44 €3,342 €7,675 +€4,333 +129.7%
Suppliers 440/4 €3,342 €7,675 +€4,333 +129.7%
Taxes, remuneration and social security 45 €13,008 €4,744 -€8,264 -63.5%
Taxes 450/3 €9,318 €4,744 -€4,574 -49.1%
Remuneration and social security 454/9 €3,690 - -€3,690
Other amounts payable 47/48 €50,899 €1,627 -€49,272 -96.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €22,869 €22,677 -€192 -0.8%
Other operating charges 640/8 €1,036 €1,182 +€146 +14.1%
Gross operating margin 9900 €104,073 €96,629 -€7,444 -7.2%
Operating profit (loss) 9901 €80,168 €72,770 -€7,398 -9.2%
Financial charges 65/66B €929 €900 -€29 -3.1%
Recurring financial charges 65 €929 €900 -€29 -3.1%
Profit (loss) for the period before taxes 9903 €79,239 €71,870 -€7,369 -9.3%
Income taxes 67/77 €16,904 €15,644 -€1,260 -7.5%
Profit (loss) for the period 9904 €62,336 €56,226 -€6,110 -9.8%
Profit (loss) for the period to be appropriated 9905 €62,336 €56,226 -€6,110 -9.8%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.