ProAf: 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.
ProAf
Largest movements
- Receivables within one year +€28,061
up €28,061 (+176.2%), from €15,927 to €43,988
of which Trade receivables: +€18,001
- Tangible fixed assets +€26,347
up €26,347 (+325.1%), from €8,104 to €34,451
of which Furniture and vehicles: +€29,601
- Cash +€17,315
up €17,315 (+101.5%), from €17,058 to €34,373
mainly Net result for the year (+€39,035) and Short-term financial debts (+€12,000)
- Reserves +€39,035
up €39,035 (+168.8%), from €23,128 to €62,163
- Short-term financial debts +€12,000
new in 2025: €12,000
- Debts after one year +€10,769
new in 2025: €10,769
- Current portion of long-term debt +€8,249
new in 2025: €8,249
- Gross operating margin +€41,952
up €41,952 (+170.0%), from €24,674 to €66,627
- Taxes +€11,756
up €11,756 (+278.5%), from €4,221 to €15,977
- Depreciation +€5,929
up €5,929 (+173.8%), from €3,411 to €9,340
- Financial charges +€1,026
up €1,026 (+411.0%), from €250 to €1,276
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 | €44,080 | €114,888 | +€70,808 | +160.6% |
| Fixed assets | 21/28 | €8,604 | €34,951 | +€26,347 | +306.2% |
| Tangible fixed assets | 22/27 | €8,104 | €34,451 | +€26,347 | +325.1% |
| Plant, machinery and equipment | 23 | €3,833 | €1,679 | -€2,154 | -56.2% |
| Furniture and vehicles | 24 | €473 | €30,075 | +€29,601 | +6252.3% |
| Other tangible fixed assets | 26 | €3,797 | €2,697 | -€1,100 | -29.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €35,477 | €79,937 | +€44,460 | +125.3% |
| Amounts receivable within one year | 40/41 | €15,927 | €43,988 | +€28,061 | +176.2% |
| Trade receivables | 40 | €6,680 | €24,680 | +€18,001 | +269.5% |
| Other amounts receivable | 41 | €9,247 | €19,308 | +€10,061 | +108.8% |
| Cash at bank and in hand | 54/58 | €17,058 | €34,373 | +€17,315 | +101.5% |
| Deferred charges and accrued income | 490/1 | €2,492 | €1,576 | -€916 | -36.7% |
| Total equity and liabilities | 10/49 | €44,080 | €114,888 | +€70,808 | +160.6% |
| Equity | 10/15 | €27,128 | €66,163 | +€39,035 | +143.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €23,128 | €62,163 | +€39,035 | +168.8% |
| Distributable reserves | 133 | €23,128 | €62,163 | +€39,035 | +168.8% |
| Amounts payable | 17/49 | €16,952 | €48,725 | +€31,773 | +187.4% |
| Amounts payable after more than one year | 17 | - | €10,769 | +€10,769 | |
| Financial debts | 170/4 | - | €10,769 | +€10,769 | |
| Amounts payable within one year | 42/48 | €16,952 | €37,956 | +€21,004 | +123.9% |
| Current portion of amounts payable after more than one year | 42 | - | €8,249 | +€8,249 | |
| Financial debts | 43 | - | €12,000 | +€12,000 | |
| Credit institutions | 430/8 | - | €12,000 | +€12,000 | |
| Trade debts | 44 | €12,731 | €13,407 | +€676 | +5.3% |
| Suppliers | 440/4 | €12,731 | €13,407 | +€676 | +5.3% |
| Taxes, remuneration and social security | 45 | €4,221 | €4,300 | +€79 | +1.9% |
| Taxes | 450/3 | €4,221 | €4,300 | +€79 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,411 | €9,340 | +€5,929 | +173.8% |
| Other operating charges | 640/8 | €1,226 | €1,007 | -€219 | -17.9% |
| Gross operating margin | 9900 | €24,674 | €66,627 | +€41,952 | +170.0% |
| Operating profit (loss) | 9901 | €20,037 | €56,280 | +€36,243 | +180.9% |
| Financial income | 75/76B | €1 | €8 | +€7 | +719.4% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +719.4% |
| Financial charges | 65/66B | €250 | €1,276 | +€1,026 | +411.0% |
| Recurring financial charges | 65 | €250 | €1,276 | +€1,026 | +411.0% |
| Profit (loss) for the period before taxes | 9903 | €19,788 | €55,012 | +€35,224 | +178.0% |
| Income taxes | 67/77 | €4,221 | €15,977 | +€11,756 | +278.5% |
| Profit (loss) for the period | 9904 | €15,567 | €39,035 | +€23,467 | +150.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,567 | €39,035 | +€23,467 | +150.7% |
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 5 October 2026 via checked.be.