PRO FENETRES: 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 FENETRES
Largest movements
- Receivables within one year -€28,584
down €28,584 (-66.8%), from €42,791 to €14,207
of which Trade receivables: -€30,084
- Cash -€4,440
down €4,440 (-90.4%), from €4,912 to €471
mainly Net result for the year (-€49,277) and Trade debts (-€41,040)
- Profit (loss) carried forward -€49,277
down €49,277 (-47.2%), from -€104,355 to -€153,633
- Trade debts -€41,040
down €41,040 (-90.4%), from €45,394 to €4,355
- Debts after one year +€31,416
new in 2025: €31,416
- Current portion of long-term debt +€25,132
new in 2025: €25,132
- Other debts +€12,270
up €12,270 (+23.3%), from €52,662 to €64,931
- Purchases and services -€136,061
down €136,061 (-26.2%), from €518,910 to €382,849
- Turnover -€125,169
down €125,169 (-23.3%), from €538,075 to €412,906
- Staff costs +€21,582
up €21,582 (+38.4%), from €56,210 to €77,792
- Gross operating margin +€11,633
up €11,633 (+49.4%), from €23,569 to €35,201
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 | €53,921 | €20,465 | -€33,456 | -62.0% |
| Fixed assets | 21/28 | €1,266 | €832 | -€434 | -34.3% |
| Tangible fixed assets | 22/27 | €1,266 | €832 | -€434 | -34.3% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,266 | €832 | -€434 | -34.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €52,655 | €19,634 | -€33,022 | -62.7% |
| Stocks and contracts in progress | 3 | €3,307 | €3,307 | = | 0.0% |
| Stocks | 30/36 | €3,307 | €3,307 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,791 | €14,207 | -€28,584 | -66.8% |
| Trade receivables | 40 | €42,791 | €12,707 | -€30,084 | -70.3% |
| Other amounts receivable | 41 | - | €1,500 | +€1,500 | |
| Cash at bank and in hand | 54/58 | €4,912 | €471 | -€4,440 | -90.4% |
| Deferred charges and accrued income | 490/1 | €1,646 | €1,648 | +€2 | +0.1% |
| Total equity and liabilities | 10/49 | €53,921 | €20,465 | -€33,456 | -62.0% |
| Equity | 10/15 | -€58,795 | -€108,073 | -€49,277 | -83.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,360 | €39,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,355 | -€153,633 | -€49,277 | -47.2% |
| Amounts payable | 17/49 | €112,717 | €128,538 | +€15,821 | +14.0% |
| Amounts payable after more than one year | 17 | - | €31,416 | +€31,416 | |
| Financial debts | 170/4 | - | €31,416 | +€31,416 | |
| Amounts payable within one year | 42/48 | €112,717 | €97,122 | -€15,595 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | - | €25,132 | +€25,132 | |
| Trade debts | 44 | €45,394 | €4,355 | -€41,040 | -90.4% |
| Suppliers | 440/4 | €45,394 | €4,355 | -€41,040 | -90.4% |
| Taxes, remuneration and social security | 45 | €14,661 | €2,704 | -€11,957 | -81.6% |
| Taxes | 450/3 | €3,542 | €2,704 | -€839 | -23.7% |
| Remuneration and social security | 454/9 | €11,118 | - | -€11,118 | |
| Other amounts payable | 47/48 | €52,662 | €64,931 | +€12,270 | +23.3% |
| Turnover | 70 | €538,075 | €412,906 | -€125,169 | -23.3% |
| Non-recurring operating income | 76A | €803 | - | -€803 | |
| Goods, raw materials, services and sundry goods | 60/61 | €518,910 | €382,849 | -€136,061 | -26.2% |
| Remuneration, social security and pensions | 62 | €56,210 | €77,792 | +€21,582 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,510 | €1,441 | -€1,069 | -42.6% |
| Other operating charges | 640/8 | €5,140 | €1,261 | -€3,879 | -75.5% |
| Non-recurring operating charges | 66A | - | €239 | +€239 | |
| Gross operating margin | 9900 | €23,569 | €35,201 | +€11,633 | +49.4% |
| Operating profit (loss) | 9901 | -€40,291 | -€45,531 | -€5,240 | -13.0% |
| Financial income | 75/76B | €2 | €123 | +€121 | +6,159% |
| Recurring financial income | 75 | €2 | €123 | +€121 | +6,159% |
| Financial charges | 65/66B | €1,019 | €3,869 | +€2,851 | +280% |
| Recurring financial charges | 65 | €1,019 | €3,869 | +€2,851 | +280% |
| Profit (loss) for the period before taxes | 9903 | -€41,308 | -€49,277 | -€7,969 | -19.3% |
| Profit (loss) for the period | 9904 | -€41,308 | -€49,277 | -€7,969 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,308 | -€49,277 | -€7,969 | -19.3% |
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 27 October 2026 via checked.be.