PRO-AC: 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.
PRO-AC
Largest movements
- Receivables after one year -€20,000
no longer reported in 2025 (was €20,000)
- Current investments +€14,917
up €14,917 (+29.8%), from €50,083 to €65,000
- Receivables within one year +€7,772
up €7,772 (+27.0%), from €28,800 to €36,572
of which Other amounts receivable: +€6,115
- Tangible fixed assets -€5,272
down €5,272 (-13.6%), from €38,640 to €33,369
of which Land and buildings: -€5,218
- Cash -€1,665
down €1,665 (-28.6%), from €5,826 to €4,161
mainly Contributions, distributions and other (-€50,850) and Debts after one year (-€25,000)
- Other debts +€49,884
up €49,884 (+5163.4%), from €966 to €50,850
- Reserves -€34,000
down €34,000 (-42.5%), from €80,000 to €46,000
- Debts after one year -€25,000
no longer reported in 2025 (was €25,000)
- Tax, wage and social debts +€5,675
up €5,675 (+39.6%), from €14,315 to €19,990
- Trade debts +€1,713
up €1,713 (+47.2%), from €3,627 to €5,340
- Financial charges -€57,090
down €57,090 (-96.4%), from €59,227 to €2,137
- Gross operating margin -€22,487
down €22,487 (-38.4%), from €58,531 to €36,044
- Taxes +€8,515
up €8,515 (+1866.6%), from €456 to €8,971
- Financial income -€2,265
down €2,265 (-65.2%), from €3,476 to €1,211
- Other operating charges -€1,237
down €1,237 (-30.9%), from €4,006 to €2,769
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 | €147,318 | €144,676 | -€2,642 | -1.8% |
| Fixed assets | 21/28 | €38,640 | €33,369 | -€5,272 | -13.6% |
| Tangible fixed assets | 22/27 | €38,640 | €33,369 | -€5,272 | -13.6% |
| Land and buildings | 22 | €35,751 | €30,532 | -€5,218 | -14.6% |
| Furniture and vehicles | 24 | €2,890 | €2,836 | -€53 | -1.8% |
| Current assets | 29/58 | €108,678 | €111,308 | +€2,630 | +2.4% |
| Amounts receivable after more than one year | 29 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 291 | €20,000 | - | -€20,000 | |
| Amounts receivable within one year | 40/41 | €28,800 | €36,572 | +€7,772 | +27.0% |
| Trade receivables | 40 | €24,150 | €25,806 | +€1,657 | +6.9% |
| Other amounts receivable | 41 | €4,650 | €10,765 | +€6,115 | +131.5% |
| Current investments | 50/53 | €50,083 | €65,000 | +€14,917 | +29.8% |
| Cash at bank and in hand | 54/58 | €5,826 | €4,161 | -€1,665 | -28.6% |
| Deferred charges and accrued income | 490/1 | €3,968 | €5,575 | +€1,607 | +40.5% |
| Total equity and liabilities | 10/49 | €147,318 | €144,676 | -€2,642 | -1.8% |
| Equity | 10/15 | €102,931 | €68,496 | -€34,435 | -33.5% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €46,000 | -€34,000 | -42.5% |
| Distributable reserves | 133 | €80,000 | €46,000 | -€34,000 | -42.5% |
| Profit (loss) carried forward | 14 | €931 | €496 | -€435 | -46.7% |
| Amounts payable | 17/49 | €44,387 | €76,180 | +€31,793 | +71.6% |
| Amounts payable after more than one year | 17 | €25,000 | - | -€25,000 | |
| Financial debts | 170/4 | €25,000 | - | -€25,000 | |
| Amounts payable within one year | 42/48 | €19,115 | €76,180 | +€57,065 | +298.5% |
| Trade debts | 44 | €3,627 | €5,340 | +€1,713 | +47.2% |
| Suppliers | 440/4 | €3,627 | €5,340 | +€1,713 | +47.2% |
| Advances received on contracts in progress | 46 | €206 | - | -€206 | |
| Taxes, remuneration and social security | 45 | €14,315 | €19,990 | +€5,675 | +39.6% |
| Taxes | 450/3 | €14,315 | €19,990 | +€5,675 | +39.6% |
| Other amounts payable | 47/48 | €966 | €50,850 | +€49,884 | +5163.4% |
| Accrued charges and deferred income | 492/3 | €272 | - | -€272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,013 | €6,962 | +€948 | +15.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€989 | - | +€989 | |
| Other operating charges | 640/8 | €4,006 | €2,769 | -€1,237 | -30.9% |
| Gross operating margin | 9900 | €58,531 | €36,044 | -€22,487 | -38.4% |
| Operating profit (loss) | 9901 | €49,501 | €26,314 | -€23,187 | -46.8% |
| Financial income | 75/76B | €3,476 | €1,211 | -€2,265 | -65.2% |
| Recurring financial income | 75 | €3,476 | €1,211 | -€2,265 | -65.2% |
| Financial charges | 65/66B | €59,227 | €2,137 | -€57,090 | -96.4% |
| Recurring financial charges | 65 | €59,227 | €2,137 | -€57,090 | -96.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,251 | €25,387 | +€31,637 | |
| Income taxes | 67/77 | €456 | €8,971 | +€8,515 | +1866.6% |
| Profit (loss) for the period | 9904 | -€6,707 | €16,415 | +€23,122 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,707 | €16,415 | +€23,122 |
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 11 October 2026 via checked.be.