PRO ACTION: 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 ACTION
Largest movements
- Cash -€98,786
down €98,786 (-89.9%), from €109,887 to €11,101
mainly Investment in fixed assets (net) (-€121,569) and Debts after one year (-€42,144)
- Tangible fixed assets +€89,743
up €89,743 (+18.9%), from €475,419 to €565,162
of which Land and buildings: +€72,300
- Receivables within one year +€15,016
up €15,016, from €0 to €15,016
of which Other amounts receivable: +€12,016
- Debts after one year -€42,144
down €42,144 (-9.7%), from €433,803 to €391,659
- Other debts +€36,479
up €36,479 (+28,141%), from €130 to €36,608
- Reserves +€10,784
up €10,784 (+14.9%), from €72,609 to €83,392
of which Distributable reserves: +€12,371
- Gross operating margin -€54,155
down €54,155 (-49.1%), from €110,234 to €56,078
- Depreciation +€5,718
up €5,718 (+21.9%), from €26,108 to €31,826
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 | €585,306 | €591,501 | +€6,195 | +1.1% |
| Fixed assets | 21/28 | €475,419 | €565,162 | +€89,743 | +18.9% |
| Tangible fixed assets | 22/27 | €475,419 | €565,162 | +€89,743 | +18.9% |
| Land and buildings | 22 | €475,419 | €547,720 | +€72,300 | +15.2% |
| Plant, machinery and equipment | 23 | - | €17,442 | +€17,442 | |
| Current assets | 29/58 | €109,887 | €26,339 | -€83,548 | -76.0% |
| Amounts receivable within one year | 40/41 | €0 | €15,016 | +€15,016 | |
| Trade receivables | 40 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | €0 | €12,016 | +€12,016 | |
| Cash at bank and in hand | 54/58 | €109,887 | €11,101 | -€98,786 | -89.9% |
| Deferred charges and accrued income | 490/1 | €0 | €223 | +€223 | |
| Total equity and liabilities | 10/49 | €585,306 | €591,501 | +€6,195 | +1.1% |
| Equity | 10/15 | €91,209 | €101,992 | +€10,784 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,609 | €83,392 | +€10,784 | +14.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,288 | €41,700 | -€1,588 | -3.7% |
| Distributable reserves | 133 | €27,461 | €39,832 | +€12,371 | +45.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €14,429 | €13,900 | -€529 | -3.7% |
| Deferred taxes | 168 | €14,429 | €13,900 | -€529 | -3.7% |
| Amounts payable | 17/49 | €479,668 | €475,609 | -€4,060 | -0.8% |
| Amounts payable after more than one year | 17 | €433,803 | €391,659 | -€42,144 | -9.7% |
| Financial debts | 170/4 | €433,803 | €391,659 | -€42,144 | -9.7% |
| Amounts payable within one year | 42/48 | €45,865 | €79,816 | +€33,951 | +74.0% |
| Current portion of amounts payable after more than one year | 42 | €45,501 | €42,144 | -€3,357 | -7.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €234 | €1,064 | +€830 | +354% |
| Suppliers | 440/4 | €234 | €1,064 | +€830 | +354% |
| Other amounts payable | 47/48 | €130 | €36,608 | +€36,479 | +28,141% |
| Accrued charges and deferred income | 492/3 | €0 | €4,133 | +€4,133 | |
| Non-recurring operating income | 76A | €57,718 | €0 | -€57,718 | -100% |
| Remuneration, social security and pensions | 62 | €0 | €34 | +€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,108 | €31,826 | +€5,718 | +21.9% |
| Other operating charges | 640/8 | €5,642 | €5,539 | -€103 | -1.8% |
| Gross operating margin | 9900 | €110,234 | €56,078 | -€54,155 | -49.1% |
| Operating profit (loss) | 9901 | €78,484 | €18,680 | -€59,804 | -76.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €9,302 | €8,426 | -€876 | -9.4% |
| Recurring financial charges | 65 | €9,302 | €8,426 | -€876 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €69,182 | €10,254 | -€58,928 | -85.2% |
| Transfer from deferred taxes | 780 | - | €529 | +€529 | |
| Transfer to deferred taxes | 680 | €14,429 | €0 | -€14,429 | -100% |
| Profit (loss) for the period | 9904 | €54,753 | €10,784 | -€43,969 | -80.3% |
| Transfer from tax-exempt reserves | 789 | - | €1,588 | +€1,588 | |
| Transfer to tax-exempt reserves | 689 | €43,288 | €0 | -€43,288 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €11,465 | €12,371 | +€907 | +7.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.