Pro-Etic: 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-Etic
Largest movements
- Receivables within one year -€27,850
down €27,850 (-79.8%), from €34,911 to €7,061
- Cash -€19,130
down €19,130 (-49.1%), from €38,965 to €19,835
mainly Net result for the year (-€49,997) and Tax, wage and social debts (-€8,705)
- Deferred charges and accrued income +€1,328
up €1,328 (+43.8%), from €3,031 to €4,359
- Profit (loss) carried forward -€49,997
down €49,997 (-98.9%), from €50,529 to €532
- Other debts +€10,896
up €10,896 (+1,654%), from €659 to €11,555
- Tax, wage and social debts -€8,705
down €8,705 (-98.2%), from €8,863 to €158
- Trade debts +€1,406
new in 2025: €1,406
- Gross operating margin -€22,973
down €22,973 (-108%), from -€21,260 to -€44,233
- Depreciation -€3,241
down €3,241 (-45.8%), from €7,074 to €3,833
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 | €80,511 | €34,110 | -€46,401 | -57.6% |
| Fixed assets | 21/28 | €3,605 | €2,856 | -€749 | -20.8% |
| Tangible fixed assets | 22/27 | €3,605 | €2,856 | -€749 | -20.8% |
| Plant, machinery and equipment | 23 | €78 | €2,450 | +€2,372 | +3,053% |
| Furniture and vehicles | 24 | €3,527 | €406 | -€3,121 | -88.5% |
| Current assets | 29/58 | €76,906 | €31,255 | -€45,652 | -59.4% |
| Amounts receivable within one year | 40/41 | €34,911 | €7,061 | -€27,850 | -79.8% |
| Other amounts receivable | 41 | €34,911 | €7,061 | -€27,850 | -79.8% |
| Cash at bank and in hand | 54/58 | €38,965 | €19,835 | -€19,130 | -49.1% |
| Deferred charges and accrued income | 490/1 | €3,031 | €4,359 | +€1,328 | +43.8% |
| Total equity and liabilities | 10/49 | €80,511 | €34,110 | -€46,401 | -57.6% |
| Equity | 10/15 | €70,989 | €20,992 | -€49,997 | -70.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,529 | €532 | -€49,997 | -98.9% |
| Amounts payable | 17/49 | €9,522 | €13,118 | +€3,596 | +37.8% |
| Amounts payable within one year | 42/48 | €9,522 | €13,118 | +€3,596 | +37.8% |
| Trade debts | 44 | - | €1,406 | +€1,406 | |
| Suppliers | 440/4 | - | €1,406 | +€1,406 | |
| Taxes, remuneration and social security | 45 | €8,863 | €158 | -€8,705 | -98.2% |
| Taxes | 450/3 | €8,863 | €158 | -€8,705 | -98.2% |
| Other amounts payable | 47/48 | €659 | €11,555 | +€10,896 | +1,654% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,074 | €3,833 | -€3,241 | -45.8% |
| Other operating charges | 640/8 | €1,415 | €1,591 | +€175 | +12.4% |
| Gross operating margin | 9900 | -€21,260 | -€44,233 | -€22,973 | -108% |
| Operating profit (loss) | 9901 | -€29,749 | -€49,657 | -€19,907 | -66.9% |
| Financial income | 75/76B | €252 | €240 | -€12 | -4.9% |
| Recurring financial income | 75 | €252 | €240 | -€12 | -4.9% |
| Financial charges | 65/66B | €15 | €69 | +€54 | +352% |
| Recurring financial charges | 65 | €15 | €69 | +€54 | +352% |
| Profit (loss) for the period before taxes | 9903 | -€29,513 | -€49,486 | -€19,974 | -67.7% |
| Income taxes | 67/77 | €545 | €511 | -€34 | -6.2% |
| Profit (loss) for the period | 9904 | -€30,057 | -€49,997 | -€19,940 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,057 | -€49,997 | -€19,940 | -66.3% |
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 17 October 2026 via checked.be.