PROART: 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.
PROART
Largest movements
- Cash -€104,126
down €104,126 (-96.2%), from €108,193 to €4,067
mainly Net result for the year (-€141,483) and Stocks and contracts (-€6,708)
- Receivables after one year -€27,978
no longer reported in 2025 (was €27,978)
- Tangible fixed assets -€13,029
down €13,029 (-11.9%), from €109,759 to €96,729
of which Plant, machinery and equipment: -€6,961
- Stocks and contracts +€6,708
up €6,708 (+3.7%), from €179,783 to €186,491
- Reserves -€210,528
down €210,528 (-41.3%), from €509,470 to €298,941
- Profit (loss) carried forward +€69,046
no longer reported in 2025 (was -€69,046)
- Gross operating margin -€75,877
down €75,877 (-180%), from -€42,103 to -€117,979
- Depreciation -€1,539
down €1,539 (-8.1%), from €19,039 to €17,499
- Other operating charges -€1,192
down €1,192 (-17.2%), from €6,944 to €5,752
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 | €461,383 | €320,844 | -€140,539 | -30.5% |
| Fixed assets | 21/28 | €109,759 | €96,729 | -€13,029 | -11.9% |
| Tangible fixed assets | 22/27 | €109,759 | €96,729 | -€13,029 | -11.9% |
| Plant, machinery and equipment | 23 | €23,665 | €16,704 | -€6,961 | -29.4% |
| Furniture and vehicles | 24 | - | €0 | +€0 | |
| Other tangible fixed assets | 26 | €86,094 | €80,025 | -€6,069 | -7.0% |
| Current assets | 29/58 | €351,624 | €224,115 | -€127,509 | -36.3% |
| Amounts receivable after more than one year | 29 | €27,978 | - | -€27,978 | |
| Other amounts receivable | 291 | €27,978 | - | -€27,978 | |
| Stocks and contracts in progress | 3 | €179,783 | €186,491 | +€6,708 | +3.7% |
| Stocks | 30/36 | €179,783 | €186,491 | +€6,708 | +3.7% |
| Amounts receivable within one year | 40/41 | €9,871 | €7,836 | -€2,035 | -20.6% |
| Trade receivables | 40 | €6,125 | €6,796 | +€671 | +11.0% |
| Other amounts receivable | 41 | €3,746 | €1,039 | -€2,707 | -72.3% |
| Cash at bank and in hand | 54/58 | €108,193 | €4,067 | -€104,126 | -96.2% |
| Deferred charges and accrued income | 490/1 | €25,799 | €25,722 | -€78 | -0.3% |
| Total equity and liabilities | 10/49 | €461,383 | €320,844 | -€140,539 | -30.5% |
| Equity | 10/15 | €460,424 | €318,941 | -€141,483 | -30.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €509,470 | €298,941 | -€210,528 | -41.3% |
| Distributable reserves | 133 | €509,470 | €298,941 | -€210,528 | -41.3% |
| Profit (loss) carried forward | 14 | -€69,046 | - | +€69,046 | |
| Amounts payable | 17/49 | €959 | €1,903 | +€944 | +98.5% |
| Amounts payable after more than one year | 17 | €210 | €744 | +€534 | +254% |
| Other amounts payable | 178/9 | €210 | €744 | +€534 | +254% |
| Amounts payable within one year | 42/48 | €749 | €1,159 | +€410 | +54.8% |
| Taxes, remuneration and social security | 45 | €749 | €1,159 | +€410 | +54.8% |
| Taxes | 450/3 | €749 | - | -€749 | |
| Remuneration and social security | 454/9 | - | €1,159 | +€1,159 | |
| Remuneration, social security and pensions | 62 | €240 | - | -€240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,039 | €17,499 | -€1,539 | -8.1% |
| Other operating charges | 640/8 | €6,944 | €5,752 | -€1,192 | -17.2% |
| Gross operating margin | 9900 | -€42,103 | -€117,979 | -€75,877 | -180% |
| Operating profit (loss) | 9901 | -€68,326 | -€141,230 | -€72,905 | -107% |
| Financial income | 75/76B | €874 | €77 | -€798 | -91.3% |
| Recurring financial income | 75 | €874 | €77 | -€798 | -91.3% |
| Financial charges | 65/66B | €445 | €73 | -€373 | -83.7% |
| Recurring financial charges | 65 | €445 | €73 | -€373 | -83.7% |
| Profit (loss) for the period before taxes | 9903 | -€67,897 | -€141,227 | -€73,330 | -108% |
| Income taxes | 67/77 | - | €256 | +€256 | |
| Profit (loss) for the period | 9904 | -€67,897 | -€141,483 | -€73,586 | -108% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,897 | -€141,483 | -€73,586 | -108% |
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 14 October 2026 via checked.be.