PRO DEO: 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 DEO
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,369
2024 · -€2,595+€4,964
Equity
€601,193
2024 · €598,823+€2,369
Cash
€37,912
2024 · €36,089+€1,823
Balance sheet total
€787,489
2024 · €795,691-€8,202
Largest movements
Assets
- Tangible fixed assets -€54,030
down €54,030 (-12.5%), from €431,977 to €377,948
of which Other tangible fixed assets: -€34,913
- Receivables within one year +€32,392
up €32,392 (+159%), from €20,312 to €52,704
- Financial fixed assets +€11,613
up €11,613 (+3.8%), from €307,312 to €318,925
Equity and liabilities
- Debts after one year -€10,142
down €10,142 (-6.1%), from €165,908 to €155,766
Income statement
- Gross operating margin +€13,375
up €13,375 (+48.3%), from €27,715 to €41,090
- Financial income -€8,548
down €8,548 (-37.6%), from €22,753 to €14,205
- Financial charges -€581
down €581 (-6.5%), from €8,895 to €8,314
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
-€2,595
Gross operating margin
+€13,375
Depreciation
-€254
Other operating charges
-€190
Financial income
-€8,548
Financial charges
+€581
Result 2025
€2,369
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
+€4,006
Investment
+€7,503
Financing
-€9,686
Cash 2024
€36,089
From operations (derived)
+€4,006
Net result for the year
+€2,369
Depreciation
+€34,913
Receivables within one year
-€32,392
Provisions
-€1,155
Trade debts
+€161
Accrued charges and deferred income
+€109
Investment (derived)
+€7,503
Investment in fixed assets (net)
+€7,503
Financing
-€9,686
Debts after one year
-€10,142
Current portion of long-term debt
+€456
Cash 2025
€37,912
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €795,691 | €787,489 | -€8,202 | -1.0% |
| Fixed assets | 21/28 | €739,289 | €696,873 | -€42,417 | -5.7% |
| Tangible fixed assets | 22/27 | €431,977 | €377,948 | -€54,030 | -12.5% |
| Land and buildings | 22 | €19,116 | - | -€19,116 | |
| Other tangible fixed assets | 26 | €412,861 | €377,948 | -€34,913 | -8.5% |
| Financial fixed assets | 28 | €307,312 | €318,925 | +€11,613 | +3.8% |
| Current assets | 29/58 | €56,401 | €90,616 | +€34,215 | +60.7% |
| Amounts receivable within one year | 40/41 | €20,312 | €52,704 | +€32,392 | +159% |
| Trade receivables | 40 | €20,312 | €52,704 | +€32,392 | +159% |
| Cash at bank and in hand | 54/58 | €36,089 | €37,912 | +€1,823 | +5.1% |
| Total equity and liabilities | 10/49 | €795,691 | €787,489 | -€8,202 | -1.0% |
| Equity | 10/15 | €598,823 | €601,193 | +€2,369 | +0.4% |
| Contributions | 10/11 | €223,104 | €223,104 | = | 0.0% |
| Capital | 10 | €223,104 | €223,104 | = | 0.0% |
| Issued capital | 100 | €508,182 | €508,182 | = | 0.0% |
| Uncalled capital | 101 | €285,078 | €285,078 | = | 0.0% |
| Reserves | 13 | €95,710 | €92,961 | -€2,749 | -2.9% |
| Non-distributable reserves | 130/1 | €50,818 | €50,818 | = | 0.0% |
| Legal reserve | 130 | €50,818 | €50,818 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,123 | €29,375 | -€2,749 | -8.6% |
| Distributable reserves | 133 | €12,768 | €12,768 | = | 0.0% |
| Profit (loss) carried forward | 14 | €280,009 | €285,127 | +€5,118 | +1.8% |
| Provisions and deferred taxes | 16 | €13,494 | €12,339 | -€1,155 | -8.6% |
| Deferred taxes | 168 | €13,494 | €12,339 | -€1,155 | -8.6% |
| Amounts payable | 17/49 | €183,374 | €173,957 | -€9,417 | -5.1% |
| Amounts payable after more than one year | 17 | €165,908 | €155,766 | -€10,142 | -6.1% |
| Financial debts | 170/4 | €165,908 | €155,766 | -€10,142 | -6.1% |
| Amounts payable within one year | 42/48 | €15,475 | €16,092 | +€616 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €9,686 | €10,142 | +€456 | +4.7% |
| Trade debts | 44 | €1,918 | €2,078 | +€161 | +8.4% |
| Suppliers | 440/4 | €1,918 | €2,078 | +€161 | +8.4% |
| Other amounts payable | 47/48 | €3,871 | €3,871 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,990 | €2,099 | +€109 | +5.5% |
| Non-recurring operating income | 76A | - | €15,884 | +€15,884 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,660 | €34,913 | +€254 | +0.7% |
| Other operating charges | 640/8 | €10,663 | €10,853 | +€190 | +1.8% |
| Gross operating margin | 9900 | €27,715 | €41,090 | +€13,375 | +48.3% |
| Operating profit (loss) | 9901 | -€17,608 | -€4,676 | +€12,931 | +73.4% |
| Financial income | 75/76B | €22,753 | €14,205 | -€8,548 | -37.6% |
| Recurring financial income | 75 | €22,753 | €14,205 | -€8,548 | -37.6% |
| Financial charges | 65/66B | €8,895 | €8,314 | -€581 | -6.5% |
| Recurring financial charges | 65 | €8,895 | €8,314 | -€581 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,749 | €1,215 | +€4,964 | |
| Transfer from deferred taxes | 780 | €1,155 | €1,155 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€2,595 | €2,369 | +€4,964 | |
| Transfer from tax-exempt reserves | 789 | €2,749 | €2,749 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €154 | €5,118 | +€4,964 | +3,231% |
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 14 October 2026 via checked.be.