PROALTIA: 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.
PROALTIA
Largest movements
- Receivables within one year -€5,102
down €5,102 (-5.9%), from €86,152 to €81,049
of which Trade receivables: -€45,255
- Trade debts +€22,246
up €22,246 (+318.0%), from €6,996 to €29,242
- Debts after one year -€15,269
down €15,269 (-34.3%), from €44,544 to €29,275
- Profit (loss) carried forward -€10,559
down €10,559, from €994 to -€9,566
- Reserves -€10,000
down €10,000 (-6.5%), from €153,040 to €143,040
- Other debts +€10,000
new in 2025: €10,000
- Gross operating margin -€134,072
down €134,072 (-95.0%), from €141,100 to €7,028
- Taxes -€38,860
down €38,860 (-98.5%), from €39,460 to €600
- Depreciation +€1,795
up €1,795 (+17.4%), from €10,308 to €12,103
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 | €273,070 | €265,805 | -€7,265 | -2.7% |
| Fixed assets | 21/28 | €84,973 | €82,588 | -€2,385 | -2.8% |
| Tangible fixed assets | 22/27 | €84,973 | €82,588 | -€2,385 | -2.8% |
| Land and buildings | 22 | €61,625 | €54,375 | -€7,250 | -11.8% |
| Furniture and vehicles | 24 | €4,428 | €5,367 | +€939 | +21.2% |
| Other tangible fixed assets | 26 | €18,920 | €22,846 | +€3,927 | +20.8% |
| Current assets | 29/58 | €188,097 | €183,216 | -€4,881 | -2.6% |
| Amounts receivable after more than one year | 29 | €84,144 | €84,144 | = | 0.0% |
| Other amounts receivable | 291 | €84,144 | €84,144 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €86,152 | €81,049 | -€5,102 | -5.9% |
| Trade receivables | 40 | €70,107 | €24,852 | -€45,255 | -64.6% |
| Other amounts receivable | 41 | €16,045 | €56,197 | +€40,152 | +250.2% |
| Cash at bank and in hand | 54/58 | €16,211 | €14,923 | -€1,287 | -7.9% |
| Deferred charges and accrued income | 490/1 | €1,590 | €3,099 | +€1,509 | +94.9% |
| Total equity and liabilities | 10/49 | €273,070 | €265,805 | -€7,265 | -2.7% |
| Equity | 10/15 | €174,493 | €153,934 | -€20,559 | -11.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €153,040 | €143,040 | -€10,000 | -6.5% |
| Distributable reserves | 133 | €153,040 | €143,040 | -€10,000 | -6.5% |
| Profit (loss) carried forward | 14 | €994 | -€9,566 | -€10,559 | |
| Amounts payable | 17/49 | €98,577 | €111,871 | +€13,294 | +13.5% |
| Amounts payable after more than one year | 17 | €44,544 | €29,275 | -€15,269 | -34.3% |
| Financial debts | 170/4 | €44,544 | €29,275 | -€15,269 | -34.3% |
| Amounts payable within one year | 42/48 | €54,033 | €82,596 | +€28,563 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €14,806 | €15,269 | +€463 | +3.1% |
| Financial debts | 43 | €6,833 | €8,333 | +€1,500 | +22.0% |
| Credit institutions | 430/8 | €6,833 | €8,333 | +€1,500 | +22.0% |
| Trade debts | 44 | €6,996 | €29,242 | +€22,246 | +318.0% |
| Suppliers | 440/4 | €6,996 | €29,242 | +€22,246 | +318.0% |
| Taxes, remuneration and social security | 45 | €25,398 | €19,752 | -€5,646 | -22.2% |
| Taxes | 450/3 | €25,398 | €19,752 | -€5,646 | -22.2% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,308 | €12,103 | +€1,795 | +17.4% |
| Other operating charges | 640/8 | €2,603 | €1,832 | -€771 | -29.6% |
| Non-recurring operating charges | 66A | - | €3,600 | +€3,600 | |
| Gross operating margin | 9900 | €141,100 | €7,028 | -€134,072 | -95.0% |
| Operating profit (loss) | 9901 | €128,190 | -€10,507 | -€138,697 | |
| Financial income | 75/76B | €3,181 | €3,732 | +€551 | +17.3% |
| Recurring financial income | 75 | €3,181 | €3,732 | +€551 | +17.3% |
| Financial charges | 65/66B | €3,973 | €3,184 | -€789 | -19.9% |
| Recurring financial charges | 65 | €3,973 | €3,184 | -€789 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €127,397 | -€9,959 | -€137,356 | |
| Income taxes | 67/77 | €39,460 | €600 | -€38,860 | -98.5% |
| Profit (loss) for the period | 9904 | €87,937 | -€10,559 | -€98,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,937 | -€10,559 | -€98,496 |
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 9 October 2026 via checked.be.