PRO GEAR: 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 GEAR
Largest movements
- Cash +€95,179
up €95,179 (+188.2%), from €50,568 to €145,747
mainly Trade debts (+€90,693) and Depreciation (+€45,753)
- Stocks and contracts -€40,046
down €40,046 (-11.5%), from €348,456 to €308,410
- Tangible fixed assets +€20,753
up €20,753 (+20.2%), from €102,954 to €123,707
of which Furniture and vehicles: +€33,527
- Deferred charges and accrued income +€13,002
up €13,002 (+334.7%), from €3,884 to €16,886
- Trade debts +€90,693
up €90,693 (+76.0%), from €119,362 to €210,056
- Profit (loss) carried forward -€55,765
down €55,765 (-3941.6%), from -€1,415 to -€57,180
- Tax, wage and social debts +€35,495
up €35,495 (+75.3%), from €47,109 to €82,603
of which Remuneration and social security: +€23,434
- Short-term financial debts +€31,045
new in 2025: €31,045
- Debts after one year -€23,621
down €23,621 (-22.3%), from €106,147 to €82,526
- Gross operating margin -€117,737
down €117,737 (-28.6%), from €411,761 to €294,024
- Staff costs +€29,467
up €29,467 (+12.2%), from €240,783 to €270,250
- Financial income -€14,715
down €14,715 (-79.0%), from €18,624 to €3,909
- Taxes -€11,736
down €11,736 (-93.5%), from €12,558 to €822
- Other operating charges -€4,501
down €4,501 (-41.8%), from €10,761 to €6,259
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.
Cash bridge derived
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 | €635,478 | €714,570 | +€79,092 | +12.4% |
| Fixed assets | 21/28 | €115,575 | €132,858 | +€17,283 | +15.0% |
| Intangible fixed assets | 21 | €8,071 | €4,601 | -€3,470 | -43.0% |
| Tangible fixed assets | 22/27 | €102,954 | €123,707 | +€20,753 | +20.2% |
| Plant, machinery and equipment | 23 | €10,288 | €4,983 | -€5,305 | -51.6% |
| Furniture and vehicles | 24 | €54,935 | €88,462 | +€33,527 | +61.0% |
| Leasing and similar rights | 25 | €19,469 | €17,092 | -€2,377 | -12.2% |
| Other tangible fixed assets | 26 | €18,261 | €13,170 | -€5,091 | -27.9% |
| Financial fixed assets | 28 | €4,550 | €4,550 | = | 0.0% |
| Current assets | 29/58 | €519,903 | €581,712 | +€61,809 | +11.9% |
| Stocks and contracts in progress | 3 | €348,456 | €308,410 | -€40,046 | -11.5% |
| Stocks | 30/36 | €348,456 | €308,410 | -€40,046 | -11.5% |
| Amounts receivable within one year | 40/41 | €116,996 | €110,670 | -€6,326 | -5.4% |
| Trade receivables | 40 | €116,996 | €110,670 | -€6,326 | -5.4% |
| Cash at bank and in hand | 54/58 | €50,568 | €145,747 | +€95,179 | +188.2% |
| Deferred charges and accrued income | 490/1 | €3,884 | €16,886 | +€13,002 | +334.7% |
| Total equity and liabilities | 10/49 | €635,478 | €714,570 | +€79,092 | +12.4% |
| Equity | 10/15 | €149,733 | €93,968 | -€55,765 | -37.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,548 | €132,548 | = | 0.0% |
| Distributable reserves | 133 | €132,548 | €132,548 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,415 | -€57,180 | -€55,765 | -3941.6% |
| Amounts payable | 17/49 | €485,745 | €620,602 | +€134,857 | +27.8% |
| Amounts payable after more than one year | 17 | €106,147 | €82,526 | -€23,621 | -22.3% |
| Financial debts | 170/4 | €106,147 | €82,526 | -€23,621 | -22.3% |
| Amounts payable within one year | 42/48 | €375,279 | €534,176 | +€158,897 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €149,377 | €165,041 | +€15,664 | +10.5% |
| Financial debts | 43 | - | €31,045 | +€31,045 | |
| Other loans | 439 | - | €31,045 | +€31,045 | |
| Trade debts | 44 | €119,362 | €210,056 | +€90,693 | +76.0% |
| Suppliers | 440/4 | €119,362 | €210,056 | +€90,693 | +76.0% |
| Taxes, remuneration and social security | 45 | €47,109 | €82,603 | +€35,495 | +75.3% |
| Taxes | 450/3 | €21,443 | €33,504 | +€12,061 | +56.2% |
| Remuneration and social security | 454/9 | €25,666 | €49,100 | +€23,434 | +91.3% |
| Other amounts payable | 47/48 | €59,431 | €45,431 | -€14,000 | -23.6% |
| Accrued charges and deferred income | 492/3 | €4,319 | €3,900 | -€419 | -9.7% |
| Non-recurring operating income | 76A | - | €2,400 | +€2,400 | |
| Remuneration, social security and pensions | 62 | €240,783 | €270,250 | +€29,467 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,644 | €45,753 | +€2,109 | +4.8% |
| Other operating charges | 640/8 | €10,761 | €6,259 | -€4,501 | -41.8% |
| Non-recurring operating charges | 66A | €3,285 | €0 | -€3,285 | -100.0% |
| Gross operating margin | 9900 | €411,761 | €294,024 | -€117,737 | -28.6% |
| Operating profit (loss) | 9901 | €113,288 | -€28,238 | -€141,527 | |
| Financial income | 75/76B | €18,624 | €3,909 | -€14,715 | -79.0% |
| Recurring financial income | 75 | €18,624 | €3,909 | -€14,715 | -79.0% |
| Financial charges | 65/66B | €26,581 | €30,614 | +€4,033 | +15.2% |
| Recurring financial charges | 65 | €26,581 | €30,614 | +€4,033 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €105,331 | -€54,943 | -€160,274 | |
| Income taxes | 67/77 | €12,558 | €822 | -€11,736 | -93.5% |
| Profit (loss) for the period | 9904 | €92,773 | -€55,765 | -€148,538 | |
| Profit (loss) for the period to be appropriated | 9905 | €92,773 | -€55,765 | -€148,538 |
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 11 October 2026 via checked.be.