PRO-GESTION: what changed
Two fiscal 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.
What changed
PRO-GESTION
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€29,316
2024 · -€15,716-€13,600
Equity
€552,894
2024 · €582,209-€29,315
Cash
€7,553
2024 · €9,242-€1,689
Balance sheet total
€1.6m
2024 · €1.6m-€69,359
Largest movements
Assets
- Tangible fixed assets -€77,572
down €77,572 (-4.9%), from €1.6m to €1.5m
of which Land and buildings: -€70,922
Equity and liabilities
- Debts after one year -€51,437
down €51,437 (-6.6%), from €775,648 to €724,211
of which Financial debts: -€53,242
- Reserves -€20,584
down €20,584 (-7.9%), from €260,030 to €239,446
of which Tax-exempt reserves: -€20,584
Income statement
- Turnover +€3,749
up €3,749 (+2.4%), from €155,824 to €159,573
- Purchases and services +€3,580
up €3,580 (+4.5%), from €79,985 to €83,565
- Gross operating margin -€2,491
down €2,491 (-3.2%), from €78,499 to €76,008
- Other operating charges -€2,249
down €2,249 (-89.2%), from €2,522 to €273
- Depreciation +€1,608
up €1,608 (+2.0%), from €79,913 to €81,521
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.
Result 2024
-€15,716
Gross operating margin
-€2,491
Depreciation
-€1,608
Other operating charges
+€2,249
Other operating items
-€12,951
Financial charges
+€1,201
Result 2025
-€29,316
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.
From operations
+€50,828
Investment
-€2,307
Financing
-€50,210
Cash 2024
€9,242
From operations (derived)
+€50,828
Net result for the year
-€29,316
Depreciation
+€81,521
Receivables within one year
-€5,488
Deferred charges and accrued income
-€6,056
Provisions
-€10,600
Trade debts
+€4,571
Other debts
+€16,196
Investment (derived)
-€2,307
Investment in fixed assets (net)
-€2,307
Financing
-€50,210
Debts after one year
-€51,437
Current portion of long-term debt
+€1,226
Contributions, distributions and other
+€1
Cash 2025
€7,553
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,628,104 | €1,558,745 | -€69,359 | -4.3% |
| Fixed assets | 21/28 | €1,599,047 | €1,519,833 | -€79,214 | -5.0% |
| Tangible fixed assets | 22/27 | €1,594,297 | €1,516,725 | -€77,572 | -4.9% |
| Land and buildings | 22 | €1,533,280 | €1,462,358 | -€70,922 | -4.6% |
| Plant, machinery and equipment | 23 | €57,629 | €51,217 | -€6,412 | -11.1% |
| Furniture and vehicles | 24 | €238 | - | -€238 | |
| Other tangible fixed assets | 26 | €3,150 | €3,150 | = | 0.0% |
| Financial fixed assets | 28 | €4,750 | €3,108 | -€1,642 | -34.6% |
| Current assets | 29/58 | €29,057 | €38,912 | +€9,855 | +33.9% |
| Amounts receivable within one year | 40/41 | €11,018 | €16,506 | +€5,488 | +49.8% |
| Trade receivables | 40 | €10,689 | €16,177 | +€5,488 | +51.3% |
| Other amounts receivable | 41 | €329 | €329 | = | 0.0% |
| Current investments | 50/53 | €1,505 | €1,505 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,242 | €7,553 | -€1,689 | -18.3% |
| Deferred charges and accrued income | 490/1 | €7,292 | €13,348 | +€6,056 | +83.0% |
| Total equity and liabilities | 10/49 | €1,628,104 | €1,558,745 | -€69,359 | -4.3% |
| Equity | 10/15 | €582,209 | €552,894 | -€29,315 | -5.0% |
| Contributions | 10/11 | €801,936 | €801,936 | = | 0.0% |
| Capital | 10 | €801,936 | €801,936 | = | 0.0% |
| Issued capital | 100 | €801,936 | €801,936 | = | 0.0% |
| Reserves | 13 | €260,030 | €239,446 | -€20,584 | -7.9% |
| Non-distributable reserves | 130/1 | €4,573 | €4,573 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Own shares acquired | 1312 | €1,474 | €1,474 | = | 0.0% |
| Tax-exempt reserves | 132 | €255,457 | €234,873 | -€20,584 | -8.1% |
| Profit (loss) carried forward | 14 | -€479,757 | -€488,488 | -€8,731 | -1.8% |
| Provisions and deferred taxes | 16 | €131,541 | €120,941 | -€10,600 | -8.1% |
| Deferred taxes | 168 | €131,541 | €120,941 | -€10,600 | -8.1% |
| Amounts payable | 17/49 | €914,354 | €884,910 | -€29,444 | -3.2% |
| Amounts payable after more than one year | 17 | €775,648 | €724,211 | -€51,437 | -6.6% |
| Financial debts | 170/4 | €351,978 | €298,736 | -€53,242 | -15.1% |
| Trade debts | 175 | €366,680 | €366,680 | = | 0.0% |
| Other amounts payable | 178/9 | €56,990 | €58,795 | +€1,805 | +3.2% |
| Amounts payable within one year | 42/48 | €138,706 | €160,699 | +€21,993 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €52,016 | €53,242 | +€1,226 | +2.4% |
| Financial debts | 43 | €459 | €459 | = | 0.0% |
| Credit institutions | 430/8 | €459 | €459 | = | 0.0% |
| Trade debts | 44 | €28,421 | €32,992 | +€4,571 | +16.1% |
| Suppliers | 440/4 | €28,421 | €32,992 | +€4,571 | +16.1% |
| Other amounts payable | 47/48 | €57,810 | €74,006 | +€16,196 | +28.0% |
| Turnover | 70 | €155,824 | €159,573 | +€3,749 | +2.4% |
| Non-recurring operating income | 76A | €2,660 | - | -€2,660 | |
| Goods, raw materials, services and sundry goods | 60/61 | €79,985 | €83,565 | +€3,580 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,913 | €81,521 | +€1,608 | +2.0% |
| Other operating charges | 640/8 | €2,522 | €273 | -€2,249 | -89.2% |
| Non-recurring operating charges | 66A | €4,672 | €17,623 | +€12,951 | +277.2% |
| Gross operating margin | 9900 | €78,499 | €76,008 | -€2,491 | -3.2% |
| Operating profit (loss) | 9901 | -€8,608 | -€23,409 | -€14,801 | -171.9% |
| Financial charges | 65/66B | €17,708 | €16,507 | -€1,201 | -6.8% |
| Recurring financial charges | 65 | €17,708 | €16,507 | -€1,201 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,316 | -€39,916 | -€13,600 | -51.7% |
| Transfer from deferred taxes | 780 | €10,600 | €10,600 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€15,716 | -€29,316 | -€13,600 | -86.5% |
| Transfer from tax-exempt reserves | 789 | €20,585 | €20,585 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,869 | -€8,731 | -€13,600 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.