PRO ACTIVITY IMMO: 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.
What changed
PRO ACTIVITY IMMO
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€313,108
2024 · €258,542+€54,566
Equity
€2.9m
2024 · €2.7m+€163,108
Cash
€1.3m
2024 · €1.3m+€20,024
Balance sheet total
€3.7m
2024 · €3.9m-€173,145
Largest movements
Assets
- Tangible fixed assets -€209,017
down €209,017 (-8.6%), from €2.4m to €2.2m
of which Land and buildings: -€217,669
- Receivables within one year +€85,426
up €85,426 (+78.9%), from €108,332 to €193,758
of which Trade receivables: +€81,085
- Deferred charges and accrued income -€68,855
down €68,855 (-94.1%), from €73,152 to €4,297
Equity and liabilities
- Debts after one year -€237,470
down €237,470 (-36.9%), from €643,844 to €406,374
- Profit (loss) carried forward +€163,108
up €163,108 (+10.5%), from €1.5m to €1.7m
- Tax, wage and social debts -€121,302
down €121,302 (-70.4%), from €172,412 to €51,110
- Current portion of long-term debt -€108,496
down €108,496 (-48.5%), from €223,613 to €115,118
- Other debts +€98,357
up €98,357 (+1,109%), from €8,872 to €107,229
Income statement
- Other operating income +€142,419
up €142,419 (+21.2%), from €671,017 to €813,436
- Services and other goods +€55,928
up €55,928 (+100%), from €55,888 to €111,815
- Turnover -€23,400
down €23,400 (-56.7%), from €41,275 to €17,875
- Taxes +€19,941
up €19,941 (+23.1%), from €86,181 to €106,121
- Depreciation -€10,928
down €10,928 (-4.6%), from €236,502 to €225,574
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.
Result 2024
€258,542
Turnover
-€23,400
Other operating income
+€142,419
Services and other goods
-€55,928
Depreciation
+€10,928
Other operating charges
-€1,916
Financial income
+€931
Financial charges
+€1,472
Taxes
-€19,941
Result 2025
€313,108
raises the resultlowers the result
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.
From operations
+€531,824
Investment
-€15,834
Financing
-€495,966
Cash 2024
€1.3m
From operations (derived)
+€531,824
Net result for the year
+€313,108
Depreciation
+€225,574
Receivables within one year
-€85,426
Deferred charges and accrued income
+€68,855
Trade debts
+€13,317
Tax, wage and social debts
-€121,302
Advances received
+€1,284
Other debts
+€98,357
Accrued charges and deferred income
+€18,057
Investment (derived)
-€15,834
Investment in fixed assets (net)
-€15,834
Financing
-€495,966
Debts after one year
-€237,470
Current portion of long-term debt
-€108,496
Contributions, distributions and other
-€150,000
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,880,638 | €3,707,493 | -€173,145 | -4.5% |
| Formation expenses | 20 | €723 | - | -€723 | |
| Fixed assets | 21/28 | €2,418,989 | €2,209,973 | -€209,017 | -8.6% |
| Tangible fixed assets | 22/27 | €2,418,487 | €2,209,471 | -€209,017 | -8.6% |
| Land and buildings | 22 | €2,396,147 | €2,178,478 | -€217,669 | -9.1% |
| Plant, machinery and equipment | 23 | €19,643 | €28,932 | +€9,288 | +47.3% |
| Furniture and vehicles | 24 | €2,697 | €2,061 | -€636 | -23.6% |
| Financial fixed assets | 28 | €502 | €502 | = | 0.0% |
| Other financial fixed assets | 284/8 | €502 | €502 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €502 | €502 | = | 0.0% |
| Current assets | 29/58 | €1,460,926 | €1,497,520 | +€36,595 | +2.5% |
| Amounts receivable within one year | 40/41 | €108,332 | €193,758 | +€85,426 | +78.9% |
| Trade receivables | 40 | €76,269 | €157,354 | +€81,085 | +106% |
| Other amounts receivable | 41 | €32,063 | €36,404 | +€4,341 | +13.5% |
| Cash at bank and in hand | 54/58 | €1,279,442 | €1,299,465 | +€20,024 | +1.6% |
| Deferred charges and accrued income | 490/1 | €73,152 | €4,297 | -€68,855 | -94.1% |
| Total equity and liabilities | 10/49 | €3,880,638 | €3,707,493 | -€173,145 | -4.5% |
| Equity | 10/15 | €2,736,245 | €2,899,353 | +€163,108 | +6.0% |
| Contributions | 10/11 | €342,930 | €342,930 | = | 0.0% |
| Reserves | 13 | €845,535 | €845,535 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,476 | €35,476 | = | 0.0% |
| Reserves not available under the articles | 1311 | €35,476 | €35,476 | = | 0.0% |
| Distributable reserves | 133 | €810,059 | €810,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,547,780 | €1,710,888 | +€163,108 | +10.5% |
| Amounts payable | 17/49 | €1,144,393 | €808,140 | -€336,253 | -29.4% |
| Amounts payable after more than one year | 17 | €643,844 | €406,374 | -€237,470 | -36.9% |
| Financial debts | 170/4 | €643,844 | €406,374 | -€237,470 | -36.9% |
| Credit institutions | 173 | €643,844 | €406,374 | -€237,470 | -36.9% |
| Amounts payable within one year | 42/48 | €450,921 | €334,081 | -€116,840 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €223,613 | €115,118 | -€108,496 | -48.5% |
| Trade debts | 44 | €12,599 | €25,916 | +€13,317 | +106% |
| Suppliers | 440/4 | €12,599 | €25,916 | +€13,317 | +106% |
| Advances received on contracts in progress | 46 | €33,426 | €34,710 | +€1,284 | +3.8% |
| Taxes, remuneration and social security | 45 | €172,412 | €51,110 | -€121,302 | -70.4% |
| Taxes | 450/3 | €172,412 | €51,110 | -€121,302 | -70.4% |
| Other amounts payable | 47/48 | €8,872 | €107,229 | +€98,357 | +1,109% |
| Accrued charges and deferred income | 492/3 | €49,628 | €67,685 | +€18,057 | +36.4% |
| Operating income | 70/76A | €712,292 | €831,311 | +€119,019 | +16.7% |
| Turnover | 70 | €41,275 | €17,875 | -€23,400 | -56.7% |
| Other operating income | 74 | €671,017 | €813,436 | +€142,419 | +21.2% |
| Operating charges | 60/66A | €356,547 | €403,462 | +€46,916 | +13.2% |
| Services and other goods | 61 | €55,888 | €111,815 | +€55,928 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,502 | €225,574 | -€10,928 | -4.6% |
| Other operating charges | 640/8 | €64,157 | €66,073 | +€1,916 | +3.0% |
| Operating profit (loss) | 9901 | €355,746 | €427,849 | +€72,103 | +20.3% |
| Financial income | 75/76B | €3,449 | €4,380 | +€931 | +27.0% |
| Recurring financial income | 75 | €3,449 | €4,380 | +€931 | +27.0% |
| Income from current assets | 751 | €3,449 | €4,380 | +€931 | +27.0% |
| Financial charges | 65/66B | €14,472 | €13,000 | -€1,472 | -10.2% |
| Recurring financial charges | 65 | €14,472 | €13,000 | -€1,472 | -10.2% |
| Debt charges | 650 | €13,281 | €11,811 | -€1,470 | -11.1% |
| Other financial charges | 652/9 | €1,191 | €1,188 | -€2 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €344,723 | €419,229 | +€74,506 | +21.6% |
| Income taxes | 67/77 | €86,181 | €106,121 | +€19,941 | +23.1% |
| Taxes | 670/3 | €86,181 | €106,121 | +€19,941 | +23.1% |
| Profit (loss) for the period | 9904 | €258,542 | €313,108 | +€54,566 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €258,542 | €313,108 | +€54,566 | +21.1% |
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 23 October 2026 via checked.be.