PRO COM: what changed
Two fiscal 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 COM
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€140,810
2024 · €108,782+€32,028
Equity
€593,681
2024 · €452,871+€140,810
Cash
€22,128
2024 · €27,467-€5,340
Balance sheet total
€955,208
2024 · €764,923+€190,285
Largest movements
Assets
- Tangible fixed assets +€397,228
up €397,228 (+75.1%), from €529,038 to €926,266
of which Land and buildings: +€398,273
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
Equity and liabilities
- Reserves +€146,880
up €146,880 (+37.5%), from €391,371 to €538,251
of which Tax-exempt reserves: +€146,880
- Provisions +€48,960
up €48,960 (+48.4%), from €101,191 to €150,151
Income statement
- Gross operating margin +€65,397
up €65,397 (+39.3%), from €166,308 to €231,705
- Depreciation +€17,709
up €17,709 (+73.7%), from €24,028 to €41,737
- Taxes -€9,865
no longer reported in 2025 (was €9,865)
- Financial income -€7,242
down €7,242 (-71.7%), from €10,108 to €2,865
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
€108,782
Gross operating margin
+€65,397
Depreciation
-€17,709
Other operating charges
+€1,229
Financial income
-€7,242
Financial charges
-€21
Taxes
+€9,865
Deferred taxes and other
-€19,490
Result 2025
€140,810
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.
From operations
+€231,311
Investment
-€238,965
Financing
+€2,314
Cash 2024
€27,467
From operations (derived)
+€231,311
Net result for the year
+€140,810
Depreciation
+€41,737
Receivables within one year
+€1,611
Deferred charges and accrued income
-€8
Provisions
+€48,960
Trade debts
-€3,004
Other debts
+€2,311
Accrued charges and deferred income
-€1,105
Investment (derived)
-€238,965
Investment in fixed assets (net)
-€438,965
Current investments
+€200,000
Financing
+€2,314
Debts after one year
+€2,314
Cash 2025
€22,128
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €764,923 | €955,208 | +€190,285 | +24.9% |
| Fixed assets | 21/28 | €529,038 | €926,266 | +€397,228 | +75.1% |
| Tangible fixed assets | 22/27 | €529,038 | €926,266 | +€397,228 | +75.1% |
| Land and buildings | 22 | €526,683 | €924,956 | +€398,273 | +75.6% |
| Plant, machinery and equipment | 23 | €1,060 | €568 | -€492 | -46.4% |
| Furniture and vehicles | 24 | €1,296 | €742 | -€554 | -42.7% |
| Current assets | 29/58 | €235,885 | €28,942 | -€206,942 | -87.7% |
| Amounts receivable within one year | 40/41 | €7,471 | €5,860 | -€1,611 | -21.6% |
| Trade receivables | 40 | €4,315 | - | -€4,315 | |
| Other amounts receivable | 41 | €3,155 | €5,860 | +€2,704 | +85.7% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €27,467 | €22,128 | -€5,340 | -19.4% |
| Deferred charges and accrued income | 490/1 | €947 | €955 | +€8 | +0.9% |
| Total equity and liabilities | 10/49 | €764,923 | €955,208 | +€190,285 | +24.9% |
| Equity | 10/15 | €452,871 | €593,681 | +€140,810 | +31.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €391,371 | €538,251 | +€146,880 | +37.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €303,572 | €450,452 | +€146,880 | +48.4% |
| Distributable reserves | 133 | €81,649 | €81,649 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,070 | -€6,070 | |
| Provisions and deferred taxes | 16 | €101,191 | €150,151 | +€48,960 | +48.4% |
| Deferred taxes | 168 | €101,191 | €150,151 | +€48,960 | +48.4% |
| Amounts payable | 17/49 | €210,861 | €211,376 | +€515 | +0.2% |
| Amounts payable after more than one year | 17 | €197,686 | €200,000 | +€2,314 | +1.2% |
| Financial debts | 170/4 | €197,686 | €200,000 | +€2,314 | +1.2% |
| Amounts payable within one year | 42/48 | €12,070 | €11,376 | -€693 | -5.7% |
| Trade debts | 44 | €3,004 | - | -€3,004 | |
| Suppliers | 440/4 | €3,004 | - | -€3,004 | |
| Other amounts payable | 47/48 | €9,065 | €11,376 | +€2,311 | +25.5% |
| Accrued charges and deferred income | 492/3 | €1,105 | - | -€1,105 | |
| Non-recurring operating income | 76A | €151,830 | €208,150 | +€56,320 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,028 | €41,737 | +€17,709 | +73.7% |
| Other operating charges | 640/8 | €4,135 | €2,906 | -€1,229 | -29.7% |
| Gross operating margin | 9900 | €166,308 | €231,705 | +€65,397 | +39.3% |
| Operating profit (loss) | 9901 | €138,145 | €187,061 | +€48,916 | +35.4% |
| Financial income | 75/76B | €10,108 | €2,865 | -€7,242 | -71.7% |
| Recurring financial income | 75 | €10,108 | €2,865 | -€7,242 | -71.7% |
| Financial charges | 65/66B | €135 | €156 | +€21 | +15.7% |
| Recurring financial charges | 65 | €135 | €156 | +€21 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €148,118 | €189,770 | +€41,652 | +28.1% |
| Transfer from deferred taxes | 780 | €791 | €3,077 | +€2,286 | +289.0% |
| Transfer to deferred taxes | 680 | €30,261 | €52,037 | +€21,776 | +72.0% |
| Income taxes | 67/77 | €9,865 | - | -€9,865 | |
| Profit (loss) for the period | 9904 | €108,782 | €140,810 | +€32,028 | +29.4% |
| Transfer from tax-exempt reserves | 789 | €2,373 | €9,232 | +€6,859 | +289.0% |
| Transfer to tax-exempt reserves | 689 | €90,784 | €156,112 | +€65,328 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,371 | -€6,070 | -€26,441 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.