Pride & Proud: 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.
Pride & Proud
Largest movements
- Tangible fixed assets -€31,073
down €31,073 (-4.0%), from €778,927 to €747,854
of which Other tangible fixed assets: -€21,179
- Cash -€11,826
down €11,826 (-32.2%), from €36,724 to €24,898
mainly Current portion of long-term debt (-€29,487) and Net result for the year (-€7,978)
- Current portion of long-term debt -€29,487
down €29,487 (-34.2%), from €86,318 to €56,831
- Gross operating margin -€17,294
down €17,294 (-13.5%), from €127,896 to €110,602
- Financial charges -€11,884
down €11,884 (-43.3%), from €27,454 to €15,570
- Staff costs +€2,744
up €2,744 (+4.7%), from €58,405 to €61,149
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.
Cash bridge derived
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 | €818,182 | €777,296 | -€40,886 | -5.0% |
| Fixed assets | 21/28 | €778,927 | €747,854 | -€31,073 | -4.0% |
| Tangible fixed assets | 22/27 | €778,927 | €747,854 | -€31,073 | -4.0% |
| Land and buildings | 22 | €448,589 | €435,094 | -€13,495 | -3.0% |
| Furniture and vehicles | 24 | €8,827 | €12,428 | +€3,601 | +40.8% |
| Other tangible fixed assets | 26 | €321,511 | €300,332 | -€21,179 | -6.6% |
| Current assets | 29/58 | €39,255 | €29,442 | -€9,813 | -25.0% |
| Stocks and contracts in progress | 3 | €328 | €283 | -€45 | -13.6% |
| Stocks | 30/36 | €328 | €283 | -€45 | -13.6% |
| Amounts receivable within one year | 40/41 | €0 | €2,529 | +€2,529 | |
| Trade receivables | 40 | €0 | €2,529 | +€2,529 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €36,724 | €24,898 | -€11,826 | -32.2% |
| Deferred charges and accrued income | 490/1 | €2,203 | €1,731 | -€471 | -21.4% |
| Total equity and liabilities | 10/49 | €818,182 | €777,296 | -€40,886 | -5.0% |
| Equity | 10/15 | -€135,919 | -€143,897 | -€7,978 | -5.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,919 | -€144,897 | -€7,978 | -5.8% |
| Amounts payable | 17/49 | €954,101 | €921,193 | -€32,908 | -3.4% |
| Amounts payable after more than one year | 17 | €852,198 | €852,985 | +€787 | +0.1% |
| Financial debts | 170/4 | €845,358 | €369,228 | -€476,130 | -56.3% |
| Other amounts payable | 178/9 | €6,840 | €483,757 | +€476,917 | +6972.5% |
| Amounts payable within one year | 42/48 | €98,549 | €67,067 | -€31,482 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €86,318 | €56,831 | -€29,487 | -34.2% |
| Financial debts | 43 | €1,166 | €0 | -€1,166 | -100.0% |
| Credit institutions | 430/8 | €1,166 | €0 | -€1,166 | -100.0% |
| Trade debts | 44 | €4,272 | €6,004 | +€1,732 | +40.5% |
| Suppliers | 440/4 | €4,272 | €6,004 | +€1,732 | +40.5% |
| Taxes, remuneration and social security | 45 | €6,716 | €3,683 | -€3,032 | -45.2% |
| Taxes | 450/3 | €6,716 | €3,683 | -€3,032 | -45.2% |
| Other amounts payable | 47/48 | €78 | €549 | +€471 | +603.8% |
| Accrued charges and deferred income | 492/3 | €3,354 | €1,141 | -€2,213 | -66.0% |
| Remuneration, social security and pensions | 62 | €58,405 | €61,149 | +€2,744 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,918 | €38,529 | +€611 | +1.6% |
| Other operating charges | 640/8 | €3,286 | €3,165 | -€121 | -3.7% |
| Gross operating margin | 9900 | €127,896 | €110,602 | -€17,294 | -13.5% |
| Operating profit (loss) | 9901 | €28,287 | €7,760 | -€20,528 | -72.6% |
| Financial charges | 65/66B | €27,454 | €15,570 | -€11,884 | -43.3% |
| Recurring financial charges | 65 | €27,454 | €15,570 | -€11,884 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €833 | -€7,811 | -€8,644 | |
| Income taxes | 67/77 | €203 | €168 | -€35 | -17.3% |
| Profit (loss) for the period | 9904 | €631 | -€7,978 | -€8,609 | |
| Profit (loss) for the period to be appropriated | 9905 | €631 | -€7,978 | -€8,609 |
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 8 October 2026 via checked.be.