OLIVIER PROUST: 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.
OLIVIER PROUST
Largest movements
- Receivables within one year -€33,577
down €33,577 (-34.8%), from €96,479 to €62,902
- Current investments +€24,105
up €24,105 (+201%), from €12,000 to €36,105
- Cash -€17,775
down €17,775 (-22.0%), from €80,728 to €62,953
mainly Contributions, distributions and other (-€66,000) and Other debts (-€43,000)
- Tangible fixed assets -€9,105
down €9,105 (-1.7%), from €537,756 to €528,651
of which Land and buildings: -€14,141
- Other debts -€43,000
no longer reported in 2025 (was €43,000)
- Reserves +€20,200
up €20,200 (+8.5%), from €238,900 to €259,100
- Debts after one year -€15,946
down €15,946 (-3.9%), from €412,061 to €396,114
- Gross operating margin -€12,545
down €12,545 (-7.3%), from €171,857 to €159,311
- Taxes -€10,788
down €10,788 (-23.4%), from €46,025 to €35,237
- Financial charges +€10,701
up €10,701 (+244%), from €4,390 to €15,091
- Depreciation +€7,446
up €7,446 (+63.0%), from €11,813 to €19,259
- Other operating charges +€2,229
up €2,229 (+167%), from €1,334 to €3,564
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 | €729,617 | €693,075 | -€36,542 | -5.0% |
| Fixed assets | 21/28 | €537,756 | €528,651 | -€9,105 | -1.7% |
| Tangible fixed assets | 22/27 | €537,756 | €528,651 | -€9,105 | -1.7% |
| Land and buildings | 22 | €515,466 | €501,325 | -€14,141 | -2.7% |
| Plant, machinery and equipment | 23 | €4,934 | €4,052 | -€882 | -17.9% |
| Furniture and vehicles | 24 | €2,390 | €1,895 | -€495 | -20.7% |
| Other tangible fixed assets | 26 | €14,966 | €21,379 | +€6,413 | +42.8% |
| Current assets | 29/58 | €191,861 | €164,424 | -€27,437 | -14.3% |
| Amounts receivable within one year | 40/41 | €96,479 | €62,902 | -€33,577 | -34.8% |
| Other amounts receivable | 41 | €96,479 | €62,902 | -€33,577 | -34.8% |
| Current investments | 50/53 | €12,000 | €36,105 | +€24,105 | +201% |
| Cash at bank and in hand | 54/58 | €80,728 | €62,953 | -€17,775 | -22.0% |
| Deferred charges and accrued income | 490/1 | €2,654 | €2,464 | -€190 | -7.2% |
| Total equity and liabilities | 10/49 | €729,617 | €693,075 | -€36,542 | -5.0% |
| Equity | 10/15 | €251,871 | €272,159 | +€20,287 | +8.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €238,900 | €259,100 | +€20,200 | +8.5% |
| Distributable reserves | 133 | €238,900 | €259,100 | +€20,200 | +8.5% |
| Profit (loss) carried forward | 14 | €571 | €659 | +€87 | +15.3% |
| Amounts payable | 17/49 | €477,746 | €420,916 | -€56,830 | -11.9% |
| Amounts payable after more than one year | 17 | €412,061 | €396,114 | -€15,946 | -3.9% |
| Financial debts | 170/4 | €412,061 | €396,114 | -€15,946 | -3.9% |
| Amounts payable within one year | 42/48 | €63,606 | €24,802 | -€38,804 | -61.0% |
| Current portion of amounts payable after more than one year | 42 | €15,419 | €15,946 | +€527 | +3.4% |
| Financial debts | 43 | - | €97 | +€97 | |
| Credit institutions | 430/8 | - | €97 | +€97 | |
| Trade debts | 44 | €2 | €4,409 | +€4,407 | +227,168% |
| Suppliers | 440/4 | €2 | €4,409 | +€4,407 | +227,168% |
| Taxes, remuneration and social security | 45 | €5,184 | €4,350 | -€834 | -16.1% |
| Taxes | 450/3 | €5,184 | €4,350 | -€834 | -16.1% |
| Other amounts payable | 47/48 | €43,000 | - | -€43,000 | |
| Accrued charges and deferred income | 492/3 | €2,080 | - | -€2,080 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,813 | €19,259 | +€7,446 | +63.0% |
| Other operating charges | 640/8 | €1,334 | €3,564 | +€2,229 | +167% |
| Gross operating margin | 9900 | €171,857 | €159,311 | -€12,545 | -7.3% |
| Operating profit (loss) | 9901 | €158,710 | €136,489 | -€22,221 | -14.0% |
| Financial income | 75/76B | €636 | €127 | -€510 | -80.1% |
| Recurring financial income | 75 | €636 | €127 | -€510 | -80.1% |
| Financial charges | 65/66B | €4,390 | €15,091 | +€10,701 | +244% |
| Recurring financial charges | 65 | €4,390 | €15,091 | +€10,701 | +244% |
| Profit (loss) for the period before taxes | 9903 | €154,956 | €121,525 | -€33,432 | -21.6% |
| Income taxes | 67/77 | €46,025 | €35,237 | -€10,788 | -23.4% |
| Profit (loss) for the period | 9904 | €108,931 | €86,287 | -€22,644 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €108,931 | €86,287 | -€22,644 | -20.8% |
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 1 November 2026 via checked.be.