PRO2M: 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.
PRO2M
Largest movements
- Current investments +€36,121
up €36,121 (+11.6%), from €310,399 to €346,520
- Receivables within one year +€13,165
up €13,165 (+112%), from €11,762 to €24,927
of which Trade receivables: +€11,037
- Cash +€12,592
up €12,592 (+23.0%), from €54,661 to €67,253
mainly Net result for the year (+€101,659) and Other debts (+€7,903)
- Reserves +€51,659
up €51,659 (+16.0%), from €323,122 to €374,781
- Other debts +€7,903
up €7,903 (+15.3%), from €51,599 to €59,502
- Financial income -€14,595
down €14,595 (-82.0%), from €17,794 to €3,199
- Gross operating margin +€10,171
up €10,171 (+9.3%), from €109,432 to €119,603
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 | €380,750 | €442,786 | +€62,035 | +16.3% |
| Fixed assets | 21/28 | €2,147 | €1,462 | -€685 | -31.9% |
| Tangible fixed assets | 22/27 | €2,147 | €1,462 | -€685 | -31.9% |
| Furniture and vehicles | 24 | €2,147 | €1,462 | -€685 | -31.9% |
| Current assets | 29/58 | €378,603 | €441,324 | +€62,721 | +16.6% |
| Amounts receivable within one year | 40/41 | €11,762 | €24,927 | +€13,165 | +112% |
| Trade receivables | 40 | €10,285 | €21,322 | +€11,037 | +107% |
| Other amounts receivable | 41 | €1,477 | €3,605 | +€2,128 | +144% |
| Current investments | 50/53 | €310,399 | €346,520 | +€36,121 | +11.6% |
| Cash at bank and in hand | 54/58 | €54,661 | €67,253 | +€12,592 | +23.0% |
| Deferred charges and accrued income | 490/1 | €1,781 | €2,624 | +€843 | +47.3% |
| Total equity and liabilities | 10/49 | €380,750 | €442,786 | +€62,035 | +16.3% |
| Equity | 10/15 | €323,123 | €374,782 | +€51,659 | +16.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €323,122 | €374,781 | +€51,659 | +16.0% |
| Distributable reserves | 133 | €323,122 | €374,781 | +€51,659 | +16.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €57,627 | €68,004 | +€10,377 | +18.0% |
| Amounts payable within one year | 42/48 | €57,627 | €68,004 | +€10,377 | +18.0% |
| Trade debts | 44 | €270 | €798 | +€528 | +195% |
| Suppliers | 440/4 | €270 | €798 | +€528 | +195% |
| Taxes, remuneration and social security | 45 | €5,758 | €7,704 | +€1,946 | +33.8% |
| Taxes | 450/3 | €5,758 | €7,704 | +€1,946 | +33.8% |
| Other amounts payable | 47/48 | €51,599 | €59,502 | +€7,903 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,180 | €685 | -€495 | -42.0% |
| Other operating charges | 640/8 | €721 | €892 | +€171 | +23.7% |
| Gross operating margin | 9900 | €109,432 | €119,603 | +€10,171 | +9.3% |
| Operating profit (loss) | 9901 | €107,531 | €118,026 | +€10,495 | +9.8% |
| Financial income | 75/76B | €17,794 | €3,199 | -€14,595 | -82.0% |
| Recurring financial income | 75 | €17,794 | €3,199 | -€14,595 | -82.0% |
| Financial charges | 65/66B | -€619 | -€265 | +€354 | +57.2% |
| Recurring financial charges | 65 | -€619 | -€265 | +€354 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | €125,944 | €121,490 | -€4,454 | -3.5% |
| Income taxes | 67/77 | €20,127 | €19,832 | -€296 | -1.5% |
| Profit (loss) for the period | 9904 | €105,817 | €101,659 | -€4,158 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €105,817 | €101,659 | -€4,158 | -3.9% |
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 16 October 2026 via checked.be.