PRO ECONOMICS: what changed
What changed
PRO ECONOMICS
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€78,557
2024 · €58,059+€20,498
Equity
€345,709
2024 · €317,152+€28,557
Cash
€70,451
2024 · €152,389-€81,938
Balance sheet total
€425,274
2024 · €478,994-€53,719
Largest movements
Assets
- Cash -€81,938
down €81,938 (-53.8%), from €152,389 to €70,451
mainly Trade debts (-€74,884) and Contributions, distributions and other (-€50,000)
- Receivables within one year +€48,592
up €48,592 (+24.7%), from €196,763 to €245,355
- Tangible fixed assets -€20,240
down €20,240 (-16.1%), from €125,844 to €105,605
of which Land and buildings: -€11,925
Equity and liabilities
- Trade debts -€74,884
down €74,884 (-93.0%), from €80,543 to €5,659
of which Suppliers: -€73,820
- Reserves +€25,000
up €25,000 (+9.7%), from €256,860 to €281,860
of which Distributable reserves: +€25,000
- Debts after one year -€21,137
down €21,137 (-65.8%), from €32,106 to €10,969
- Short-term financial debts +€6,748
up €6,748 (+5,476%), from €123 to €6,871
Income statement
- Gross operating margin +€42,988
up €42,988 (+38.0%), from €113,157 to €156,144
- Taxes +€18,494
up €18,494 (+144%), from €12,813 to €31,307
- Other operating charges +€5,599
up €5,599 (+58.4%), from €9,590 to €15,189
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€58,059
Gross operating margin
+€42,988
Staff costs
+€353
Depreciation
+€391
Other operating charges
-€5,599
Financial income
+€203
Financial charges
+€655
Taxes
-€18,494
Result 2025
€78,557
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€16,259
Investment
-€2,313
Financing
-€63,367
Cash 2024
€152,389
From operations (derived)
-€16,259
Net result for the year
+€78,557
Depreciation
+€22,553
Receivables within one year
-€48,592
Deferred charges and accrued income
+€133
Trade debts
-€74,884
Tax, wage and social debts
+€2,106
Other debts
+€3,868
Investment (derived)
-€2,313
Investment in fixed assets (net)
-€2,313
Financing
-€63,367
Debts after one year
-€21,137
Current portion of long-term debt
+€1,022
Short-term financial debts
+€6,748
Contributions, distributions and other
-€50,000
Cash 2025
€70,451
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €478,994 | €425,274 | -€53,719 | -11.2% |
| Fixed assets | 21/28 | €127,314 | €107,074 | -€20,240 | -15.9% |
| Tangible fixed assets | 22/27 | €125,844 | €105,605 | -€20,240 | -16.1% |
| Land and buildings | 22 | €75,606 | €63,681 | -€11,925 | -15.8% |
| Plant, machinery and equipment | 23 | €45,436 | €38,887 | -€6,549 | -14.4% |
| Furniture and vehicles | 24 | €4,802 | €3,036 | -€1,766 | -36.8% |
| Financial fixed assets | 28 | €1,470 | €1,470 | = | 0.0% |
| Current assets | 29/58 | €351,680 | €318,200 | -€33,479 | -9.5% |
| Amounts receivable within one year | 40/41 | €196,763 | €245,355 | +€48,592 | +24.7% |
| Trade receivables | 40 | €196,763 | €245,355 | +€48,592 | +24.7% |
| Cash at bank and in hand | 54/58 | €152,389 | €70,451 | -€81,938 | -53.8% |
| Deferred charges and accrued income | 490/1 | €2,528 | €2,395 | -€133 | -5.3% |
| Total equity and liabilities | 10/49 | €478,994 | €425,274 | -€53,719 | -11.2% |
| Equity | 10/15 | €317,152 | €345,709 | +€28,557 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €256,860 | €281,860 | +€25,000 | +9.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €255,000 | €280,000 | +€25,000 | +9.8% |
| Profit (loss) carried forward | 14 | €41,692 | €45,249 | +€3,557 | +8.5% |
| Amounts payable | 17/49 | €161,842 | €79,565 | -€82,276 | -50.8% |
| Amounts payable after more than one year | 17 | €32,106 | €10,969 | -€21,137 | -65.8% |
| Financial debts | 170/4 | €32,106 | €10,969 | -€21,137 | -65.8% |
| Amounts payable within one year | 42/48 | €129,736 | €68,597 | -€61,139 | -47.1% |
| Current portion of amounts payable after more than one year | 42 | €20,115 | €21,137 | +€1,022 | +5.1% |
| Financial debts | 43 | €123 | €6,871 | +€6,748 | +5,476% |
| Credit institutions | 430/8 | €123 | €6,871 | +€6,748 | +5,476% |
| Trade debts | 44 | €80,543 | €5,659 | -€74,884 | -93.0% |
| Suppliers | 440/4 | €79,479 | €5,659 | -€73,820 | -92.9% |
| Bills of exchange payable | 441 | €1,064 | - | -€1,064 | |
| Taxes, remuneration and social security | 45 | €25,872 | €27,978 | +€2,106 | +8.1% |
| Taxes | 450/3 | €25,872 | €27,978 | +€2,106 | +8.1% |
| Other amounts payable | 47/48 | €3,083 | €6,951 | +€3,868 | +125% |
| Remuneration, social security and pensions | 62 | €6,193 | €5,839 | -€353 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,944 | €22,553 | -€391 | -1.7% |
| Other operating charges | 640/8 | €9,590 | €15,189 | +€5,599 | +58.4% |
| Gross operating margin | 9900 | €113,157 | €156,144 | +€42,988 | +38.0% |
| Operating profit (loss) | 9901 | €74,429 | €112,563 | +€38,134 | +51.2% |
| Financial income | 75/76B | €154 | €357 | +€203 | +132% |
| Recurring financial income | 75 | €154 | €357 | +€203 | +132% |
| Financial charges | 65/66B | €3,711 | €3,056 | -€655 | -17.7% |
| Recurring financial charges | 65 | €3,711 | €3,056 | -€655 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €70,872 | €109,864 | +€38,992 | +55.0% |
| Income taxes | 67/77 | €12,813 | €31,307 | +€18,494 | +144% |
| Profit (loss) for the period | 9904 | €58,059 | €78,557 | +€20,498 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,059 | €78,557 | +€20,498 | +35.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.