PRO 1 GOLF: what changed
PRO 1 GOLF
Largest movements
- Receivables within one year -€68,573
down €68,573 (-18.6%), from €368,008 to €299,435
of which Trade receivables: -€52,719
- Tangible fixed assets -€36,269
down €36,269 (-93.3%), from €38,859 to €2,590
of which Leasing and similar rights: -€35,758
- Cash +€12,815
up €12,815 (+121%), from €10,581 to €23,396
- Advances received -€67,077
down €67,077 (-74.2%), from €90,343 to €23,266
- Profit (loss) carried forward +€22,695
up €22,695 (+623%), from €3,643 to €26,338
- Debts after one year -€22,015
no longer reported in 2024 (was €22,015)
- Other debts -€14,000
down €14,000 (-51.9%), from €27,000 to €13,000
- Tax, wage and social debts -€11,710
down €11,710 (-18.4%), from €63,500 to €51,790
of which Taxes: -€23,021
- Staff costs +€50,148
new in 2024: €50,148
- Gross operating margin +€27,560
up €27,560 (+54.3%), from €50,739 to €78,299
- Depreciation -€11,258
down €11,258 (-90.1%), from €12,502 to €1,244
- Taxes -€2,423
down €2,423 (-28.0%), from €8,655 to €6,233
- Financial charges -€833
down €833 (-22.4%), from €3,712 to €2,879
Change in the result, 2022 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €418,530 | €325,731 | -€92,799 | -22.2% |
| Fixed assets | 21/28 | €39,085 | €2,590 | -€36,495 | -93.4% |
| Intangible fixed assets | 21 | €225 | - | -€225 | |
| Tangible fixed assets | 22/27 | €38,859 | €2,590 | -€36,269 | -93.3% |
| Plant, machinery and equipment | 23 | €2,167 | €768 | -€1,399 | -64.6% |
| Furniture and vehicles | 24 | €934 | €1,822 | +€888 | +95.0% |
| Leasing and similar rights | 25 | €35,758 | - | -€35,758 | |
| Current assets | 29/58 | €379,445 | €323,141 | -€56,304 | -14.8% |
| Amounts receivable within one year | 40/41 | €368,008 | €299,435 | -€68,573 | -18.6% |
| Trade receivables | 40 | €309,469 | €256,750 | -€52,719 | -17.0% |
| Other amounts receivable | 41 | €58,539 | €42,685 | -€15,854 | -27.1% |
| Cash at bank and in hand | 54/58 | €10,581 | €23,396 | +€12,815 | +121% |
| Deferred charges and accrued income | 490/1 | €856 | €310 | -€546 | -63.8% |
| Total equity and liabilities | 10/49 | €418,530 | €325,731 | -€92,799 | -22.2% |
| Equity | 10/15 | €112,943 | €135,638 | +€22,695 | +20.1% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €46,300 | €46,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,643 | €26,338 | +€22,695 | +623% |
| Amounts payable | 17/49 | €305,586 | €190,092 | -€115,494 | -37.8% |
| Amounts payable after more than one year | 17 | €22,015 | - | -€22,015 | |
| Financial debts | 170/4 | €22,015 | - | -€22,015 | |
| Amounts payable within one year | 42/48 | €277,960 | €177,073 | -€100,887 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €6,822 | - | -€6,822 | |
| Financial debts | 43 | €2,530 | €633 | -€1,897 | -75.0% |
| Credit institutions | 430/8 | €2,530 | €633 | -€1,897 | -75.0% |
| Trade debts | 44 | €87,766 | €88,384 | +€619 | +0.7% |
| Suppliers | 440/4 | €87,766 | €88,384 | +€619 | +0.7% |
| Advances received on contracts in progress | 46 | €90,343 | €23,266 | -€67,077 | -74.2% |
| Taxes, remuneration and social security | 45 | €63,500 | €51,790 | -€11,710 | -18.4% |
| Taxes | 450/3 | €55,640 | €32,619 | -€23,021 | -41.4% |
| Remuneration and social security | 454/9 | €7,859 | €19,171 | +€11,311 | +144% |
| Other amounts payable | 47/48 | €27,000 | €13,000 | -€14,000 | -51.9% |
| Accrued charges and deferred income | 492/3 | €5,611 | €13,019 | +€7,408 | +132% |
| Remuneration, social security and pensions | 62 | - | €50,148 | +€50,148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,502 | €1,244 | -€11,258 | -90.1% |
| Other operating charges | 640/8 | €496 | €457 | -€39 | -7.8% |
| Gross operating margin | 9900 | €50,739 | €78,299 | +€27,560 | +54.3% |
| Operating profit (loss) | 9901 | €37,740 | €26,450 | -€11,290 | -29.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €3,712 | €2,879 | -€833 | -22.4% |
| Recurring financial charges | 65 | €3,712 | €2,879 | -€833 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €34,028 | €23,573 | -€10,455 | -30.7% |
| Income taxes | 67/77 | €8,655 | €6,233 | -€2,423 | -28.0% |
| Profit (loss) for the period | 9904 | €25,373 | €17,340 | -€8,033 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,373 | €17,340 | -€8,033 | -31.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.