PRO-ACT: 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-ACT
Largest movements
- Financial fixed assets +€78,733
up €78,733 (+23.0%), from €342,108 to €420,841
- Cash +€8,079
up €8,079 (+75.4%), from €10,716 to €18,796
mainly Net result for the year (+€53,491) and Debts after one year (+€20,833)
- Reserves +€53,491
up €53,491 (+24.9%), from €214,926 to €268,417
of which Distributable reserves: +€53,491
- Debts after one year +€20,833
up €20,833 (+45.3%), from €46,015 to €66,847
- Current portion of long-term debt +€15,999
up €15,999 (+66.9%), from €23,930 to €39,929
- Short-term financial debts +€15,000
up €15,000 (+300%), from €5,000 to €20,000
- Tax, wage and social debts -€11,572
down €11,572 (-30.9%), from €37,414 to €25,842
- Gross operating margin +€17,986
up €17,986 (+23.4%), from €76,962 to €94,948
- Taxes +€8,350
up €8,350 (+46.0%), from €18,154 to €26,504
- Depreciation +€2,525
up €2,525 (+162%), from €1,560 to €4,085
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 | €384,165 | €476,068 | +€91,903 | +23.9% |
| Fixed assets | 21/28 | €351,167 | €430,325 | +€79,158 | +22.5% |
| Tangible fixed assets | 22/27 | €9,059 | €9,483 | +€425 | +4.7% |
| Land and buildings | 22 | €2,498 | €2,219 | -€279 | -11.2% |
| Furniture and vehicles | 24 | €6,561 | €7,264 | +€704 | +10.7% |
| Financial fixed assets | 28 | €342,108 | €420,841 | +€78,733 | +23.0% |
| Current assets | 29/58 | €32,998 | €45,743 | +€12,745 | +38.6% |
| Amounts receivable within one year | 40/41 | €19,798 | €23,178 | +€3,380 | +17.1% |
| Trade receivables | 40 | €19,798 | €23,178 | +€3,380 | +17.1% |
| Cash at bank and in hand | 54/58 | €10,716 | €18,796 | +€8,079 | +75.4% |
| Deferred charges and accrued income | 490/1 | €2,484 | €3,770 | +€1,286 | +51.8% |
| Total equity and liabilities | 10/49 | €384,165 | €476,068 | +€91,903 | +23.9% |
| Equity | 10/15 | €221,126 | €274,617 | +€53,491 | +24.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €214,926 | €268,417 | +€53,491 | +24.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €214,926 | €268,417 | +€53,491 | +24.9% |
| Amounts payable | 17/49 | €163,039 | €201,451 | +€38,412 | +23.6% |
| Amounts payable after more than one year | 17 | €46,015 | €66,847 | +€20,833 | +45.3% |
| Financial debts | 170/4 | €46,015 | €66,847 | +€20,833 | +45.3% |
| Amounts payable within one year | 42/48 | €114,468 | €132,467 | +€17,999 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €23,930 | €39,929 | +€15,999 | +66.9% |
| Financial debts | 43 | €5,000 | €20,000 | +€15,000 | +300% |
| Credit institutions | 430/8 | €5,000 | €20,000 | +€15,000 | +300% |
| Trade debts | 44 | €6,142 | €6,033 | -€109 | -1.8% |
| Suppliers | 440/4 | €6,142 | €6,033 | -€109 | -1.8% |
| Taxes, remuneration and social security | 45 | €37,414 | €25,842 | -€11,572 | -30.9% |
| Taxes | 450/3 | €37,414 | €25,842 | -€11,572 | -30.9% |
| Other amounts payable | 47/48 | €41,982 | €40,662 | -€1,320 | -3.1% |
| Accrued charges and deferred income | 492/3 | €2,557 | €2,137 | -€420 | -16.4% |
| Non-recurring operating income | 76A | €0 | €13,223 | +€13,223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,560 | €4,085 | +€2,525 | +162% |
| Other operating charges | 640/8 | €3,918 | €3,028 | -€890 | -22.7% |
| Gross operating margin | 9900 | €76,962 | €94,948 | +€17,986 | +23.4% |
| Operating profit (loss) | 9901 | €71,484 | €87,835 | +€16,351 | +22.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €7,645 | €7,840 | +€196 | +2.6% |
| Recurring financial charges | 65 | €7,645 | €7,840 | +€196 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €63,839 | €79,995 | +€16,156 | +25.3% |
| Income taxes | 67/77 | €18,154 | €26,504 | +€8,350 | +46.0% |
| Profit (loss) for the period | 9904 | €45,686 | €53,491 | +€7,805 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,686 | €53,491 | +€7,805 | +17.1% |
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 15 October 2026 via checked.be.