PRO INSTAL: 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 INSTAL
Largest movements
- Receivables within one year -€867,354
down €867,354 (-66.0%), from €1.3m to €446,892
of which Trade receivables: -€486,774
- Receivables after one year +€375,120
new in 2025: €375,120
- Cash +€62,827
up €62,827 (+4,175%), from €1,505 to €64,332
mainly Receivables within one year (+€867,354) and Net result for the year (+€67,494)
- Tangible fixed assets -€18,198
down €18,198 (-16.9%), from €107,524 to €89,326
of which Leasing and similar rights: -€19,182
- Trade debts -€393,963
down €393,963 (-58.2%), from €677,184 to €283,221
- Profit (loss) carried forward +€67,494
up €67,494 (+12.3%), from €547,081 to €614,575
- Other debts -€44,946
down €44,946 (-98.3%), from €45,714 to €768
- Advances received -€41,433
no longer reported in 2025 (was €41,433)
- Tax, wage and social debts -€19,767
down €19,767 (-58.4%), from €33,840 to €14,073
- Financial income -€21,610
down €21,610 (-99.9%), from €21,634 to €24
- Taxes -€15,541
down €15,541 (-51.9%), from €29,959 to €14,418
- Other operating charges -€7,122
down €7,122 (-37.3%), from €19,112 to €11,990
- Depreciation +€6,952
up €6,952 (+33.0%), from €21,075 to €28,027
- Write-downs +€3,380
no longer reported in 2025 (was -€3,380)
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 | €1,424,745 | €978,413 | -€446,332 | -31.3% |
| Fixed assets | 21/28 | €107,614 | €89,416 | -€18,198 | -16.9% |
| Tangible fixed assets | 22/27 | €107,524 | €89,326 | -€18,198 | -16.9% |
| Plant, machinery and equipment | 23 | €24,798 | €24,366 | -€432 | -1.7% |
| Furniture and vehicles | 24 | €2,024 | €3,440 | +€1,416 | +70.0% |
| Leasing and similar rights | 25 | €80,702 | €61,520 | -€19,182 | -23.8% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €1,317,131 | €888,997 | -€428,134 | -32.5% |
| Amounts receivable after more than one year | 29 | - | €375,120 | +€375,120 | |
| Other amounts receivable | 291 | - | €375,120 | +€375,120 | |
| Amounts receivable within one year | 40/41 | €1,314,246 | €446,892 | -€867,354 | -66.0% |
| Trade receivables | 40 | €923,982 | €437,208 | -€486,774 | -52.7% |
| Other amounts receivable | 41 | €390,264 | €9,684 | -€380,580 | -97.5% |
| Cash at bank and in hand | 54/58 | €1,505 | €64,332 | +€62,827 | +4,175% |
| Deferred charges and accrued income | 490/1 | €1,380 | €2,653 | +€1,273 | +92.2% |
| Total equity and liabilities | 10/49 | €1,424,745 | €978,413 | -€446,332 | -31.3% |
| Equity | 10/15 | €555,141 | €622,635 | +€67,494 | +12.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €547,081 | €614,575 | +€67,494 | +12.3% |
| Amounts payable | 17/49 | €869,604 | €355,778 | -€513,826 | -59.1% |
| Amounts payable after more than one year | 17 | €54,629 | €38,717 | -€15,912 | -29.1% |
| Financial debts | 170/4 | €54,629 | €38,717 | -€15,912 | -29.1% |
| Amounts payable within one year | 42/48 | €814,788 | €317,061 | -€497,727 | -61.1% |
| Current portion of amounts payable after more than one year | 42 | €14,858 | €17,689 | +€2,831 | +19.1% |
| Financial debts | 43 | €1,759 | €1,310 | -€449 | -25.5% |
| Credit institutions | 430/8 | €1,759 | €1,310 | -€449 | -25.5% |
| Trade debts | 44 | €677,184 | €283,221 | -€393,963 | -58.2% |
| Suppliers | 440/4 | €677,184 | €283,221 | -€393,963 | -58.2% |
| Advances received on contracts in progress | 46 | €41,433 | - | -€41,433 | |
| Taxes, remuneration and social security | 45 | €33,840 | €14,073 | -€19,767 | -58.4% |
| Taxes | 450/3 | €33,840 | €14,073 | -€19,767 | -58.4% |
| Other amounts payable | 47/48 | €45,714 | €768 | -€44,946 | -98.3% |
| Accrued charges and deferred income | 492/3 | €187 | - | -€187 | |
| Non-recurring operating income | 76A | €1,074 | €1,413 | +€339 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,075 | €28,027 | +€6,952 | +33.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,380 | - | +€3,380 | |
| Other operating charges | 640/8 | €19,112 | €11,990 | -€7,122 | -37.3% |
| Gross operating margin | 9900 | €126,634 | €127,038 | +€404 | +0.3% |
| Operating profit (loss) | 9901 | €89,827 | €87,021 | -€2,806 | -3.1% |
| Financial income | 75/76B | €21,634 | €24 | -€21,610 | -99.9% |
| Recurring financial income | 75 | €21,634 | €24 | -€21,610 | -99.9% |
| Financial charges | 65/66B | €4,834 | €5,133 | +€299 | +6.2% |
| Recurring financial charges | 65 | €4,834 | €5,133 | +€299 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €106,627 | €81,912 | -€24,715 | -23.2% |
| Income taxes | 67/77 | €29,959 | €14,418 | -€15,541 | -51.9% |
| Profit (loss) for the period | 9904 | €76,668 | €67,494 | -€9,174 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,668 | €67,494 | -€9,174 | -12.0% |
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 15 October 2026 via checked.be.