PRO-G: 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-G
Largest movements
- Cash +€115,639
up €115,639 (+99.1%), from €116,642 to €232,281
mainly Depreciation (+€92,135) and Other debts (+€69,070)
- Tangible fixed assets -€89,616
down €89,616 (-35.3%), from €253,691 to €164,075
of which Land and buildings: -€77,944
- Receivables within one year -€7,145
down €7,145 (-23.6%), from €30,315 to €23,170
of which Trade receivables: -€3,982
- Other debts +€69,070
up €69,070 (+346%), from €19,950 to €89,020
- Debts after one year -€42,057
down €42,057 (-38.8%), from €108,334 to €66,277
- Reserves -€30,620
down €30,620 (-15.6%), from €196,790 to €166,170
of which Distributable reserves: -€30,620
- Trade debts +€23,464
up €23,464 (+282%), from €8,306 to €31,770
- Short-term financial debts -€6,975
down €6,975 (-14.2%), from €49,032 to €42,057
- Gross operating margin +€91,830
up €91,830 (+69.3%), from €132,432 to €224,262
- Depreciation +€58,307
up €58,307 (+172%), from €33,828 to €92,135
- Taxes +€8,849
up €8,849 (+51.6%), from €17,154 to €26,003
- Other operating charges +€2,403
up €2,403 (+60.5%), from €3,972 to €6,375
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 | €401,458 | €420,788 | +€19,330 | +4.8% |
| Fixed assets | 21/28 | €253,691 | €164,075 | -€89,616 | -35.3% |
| Tangible fixed assets | 22/27 | €253,691 | €164,075 | -€89,616 | -35.3% |
| Land and buildings | 22 | €218,567 | €140,623 | -€77,944 | -35.7% |
| Furniture and vehicles | 24 | €33,556 | €22,096 | -€11,460 | -34.2% |
| Assets under construction and advance payments | 27 | €1,568 | €1,356 | -€212 | -13.5% |
| Current assets | 29/58 | €147,767 | €256,713 | +€108,946 | +73.7% |
| Amounts receivable within one year | 40/41 | €30,315 | €23,170 | -€7,145 | -23.6% |
| Trade receivables | 40 | €3,982 | - | -€3,982 | |
| Other amounts receivable | 41 | €26,333 | €23,170 | -€3,163 | -12.0% |
| Cash at bank and in hand | 54/58 | €116,642 | €232,281 | +€115,639 | +99.1% |
| Deferred charges and accrued income | 490/1 | €810 | €1,262 | +€452 | +55.8% |
| Total equity and liabilities | 10/49 | €401,458 | €420,788 | +€19,330 | +4.8% |
| Equity | 10/15 | €210,028 | €179,416 | -€30,612 | -14.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €196,790 | €166,170 | -€30,620 | -15.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €194,930 | €164,310 | -€30,620 | -15.7% |
| Profit (loss) carried forward | 14 | €838 | €846 | +€8 | +1.0% |
| Amounts payable | 17/49 | €191,430 | €241,372 | +€49,942 | +26.1% |
| Amounts payable after more than one year | 17 | €108,334 | €66,277 | -€42,057 | -38.8% |
| Financial debts | 170/4 | €108,334 | €66,277 | -€42,057 | -38.8% |
| Amounts payable within one year | 42/48 | €83,096 | €175,095 | +€91,999 | +111% |
| Current portion of amounts payable after more than one year | 42 | €1,259 | €965 | -€294 | -23.4% |
| Financial debts | 43 | €49,032 | €42,057 | -€6,975 | -14.2% |
| Credit institutions | 430/8 | €49,032 | €42,057 | -€6,975 | -14.2% |
| Trade debts | 44 | €8,306 | €31,770 | +€23,464 | +282% |
| Suppliers | 440/4 | €8,306 | €31,770 | +€23,464 | +282% |
| Taxes, remuneration and social security | 45 | €4,549 | €11,283 | +€6,734 | +148% |
| Taxes | 450/3 | €1,348 | €7,264 | +€5,916 | +439% |
| Remuneration and social security | 454/9 | €3,201 | €4,019 | +€818 | +25.6% |
| Other amounts payable | 47/48 | €19,950 | €89,020 | +€69,070 | +346% |
| Remuneration, social security and pensions | 62 | €26,421 | €26,838 | +€417 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,828 | €92,135 | +€58,307 | +172% |
| Other operating charges | 640/8 | €3,972 | €6,375 | +€2,403 | +60.5% |
| Gross operating margin | 9900 | €132,432 | €224,262 | +€91,830 | +69.3% |
| Operating profit (loss) | 9901 | €68,211 | €98,914 | +€30,703 | +45.0% |
| Financial income | 75/76B | - | €168 | +€168 | |
| Recurring financial income | 75 | - | €168 | +€168 | |
| Financial charges | 65/66B | €10,622 | €8,691 | -€1,931 | -18.2% |
| Recurring financial charges | 65 | €10,622 | €8,691 | -€1,931 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €57,589 | €90,391 | +€32,802 | +57.0% |
| Income taxes | 67/77 | €17,154 | €26,003 | +€8,849 | +51.6% |
| Profit (loss) for the period | 9904 | €40,435 | €64,388 | +€23,953 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,435 | €64,388 | +€23,953 | +59.2% |
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 13 October 2026 via checked.be.