Proaxicon: 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.
Proaxicon
Largest movements
- Receivables within one year -€304,294
down €304,294 (-88.8%), from €342,705 to €38,411
of which Other amounts receivable: -€279,675
- Stocks and contracts +€86,084
up €86,084 (+9.8%), from €875,385 to €961,469
- Cash -€51,729
down €51,729 (-94.4%), from €54,800 to €3,071
mainly Current portion of long-term debt (-€989,546) and Net result for the year (-€109,877)
- Tangible fixed assets -€19,403
down €19,403 (-76.6%), from €25,334 to €5,931
of which Furniture and vehicles: -€19,403
- Deferred charges and accrued income -€18,671
down €18,671 (-92.4%), from €20,199 to €1,527
- Current portion of long-term debt -€989,546
down €989,546 (-99.6%), from €993,996 to €4,450
- Short-term financial debts +€445,000
new in 2025: €445,000
- Other debts +€388,976
up €388,976 (+313.1%), from €124,228 to €513,204
- Reserves -€109,877
down €109,877 (-88.1%), from €124,650 to €14,773
- Trade debts -€41,165
down €41,165 (-85.0%), from €48,423 to €7,258
- Gross operating margin -€281,438
down €281,438, from €216,671 to -€64,766
- Taxes -€34,807
down €34,807 (-99.3%), from €35,061 to €253
- Financial charges -€12,548
down €12,548 (-35.0%), from €35,826 to €23,279
- Financial income +€2,514
up €2,514 (+4607.8%), from €55 to €2,569
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 | €1,319,473 | €1,010,410 | -€309,063 | -23.4% |
| Fixed assets | 21/28 | €26,384 | €5,931 | -€20,453 | -77.5% |
| Tangible fixed assets | 22/27 | €25,334 | €5,931 | -€19,403 | -76.6% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €25,334 | €5,931 | -€19,403 | -76.6% |
| Financial fixed assets | 28 | €1,050 | €0 | -€1,050 | -100.0% |
| Current assets | 29/58 | €1,293,089 | €1,004,479 | -€288,610 | -22.3% |
| Stocks and contracts in progress | 3 | €875,385 | €961,469 | +€86,084 | +9.8% |
| Stocks | 30/36 | €875,385 | €961,469 | +€86,084 | +9.8% |
| Amounts receivable within one year | 40/41 | €342,705 | €38,411 | -€304,294 | -88.8% |
| Trade receivables | 40 | €48,030 | €23,411 | -€24,619 | -51.3% |
| Other amounts receivable | 41 | €294,675 | €15,000 | -€279,675 | -94.9% |
| Cash at bank and in hand | 54/58 | €54,800 | €3,071 | -€51,729 | -94.4% |
| Deferred charges and accrued income | 490/1 | €20,199 | €1,527 | -€18,671 | -92.4% |
| Total equity and liabilities | 10/49 | €1,319,473 | €1,010,410 | -€309,063 | -23.4% |
| Equity | 10/15 | €143,250 | €33,373 | -€109,877 | -76.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,650 | €14,773 | -€109,877 | -88.1% |
| Distributable reserves | 133 | €124,650 | €14,773 | -€109,877 | -88.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,176,223 | €977,037 | -€199,186 | -16.9% |
| Amounts payable after more than one year | 17 | €4,450 | €0 | -€4,450 | -100.0% |
| Financial debts | 170/4 | €4,450 | €0 | -€4,450 | -100.0% |
| Amounts payable within one year | 42/48 | €1,171,362 | €976,295 | -€195,067 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €993,996 | €4,450 | -€989,546 | -99.6% |
| Financial debts | 43 | - | €445,000 | +€445,000 | |
| Credit institutions | 430/8 | - | €445,000 | +€445,000 | |
| Trade debts | 44 | €48,423 | €7,258 | -€41,165 | -85.0% |
| Suppliers | 440/4 | €48,423 | €7,258 | -€41,165 | -85.0% |
| Taxes, remuneration and social security | 45 | €4,716 | €6,384 | +€1,669 | +35.4% |
| Taxes | 450/3 | €4,716 | €3,691 | -€1,025 | -21.7% |
| Remuneration and social security | 454/9 | €0 | €2,694 | +€2,694 | |
| Other amounts payable | 47/48 | €124,228 | €513,204 | +€388,976 | +313.1% |
| Accrued charges and deferred income | 492/3 | €411 | €742 | +€331 | +80.3% |
| Non-recurring operating income | 76A | €74,078 | €15,000 | -€59,078 | -79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,243 | €21,302 | +€59 | +0.3% |
| Other operating charges | 640/8 | €1,806 | €2,846 | +€1,040 | +57.6% |
| Gross operating margin | 9900 | €216,671 | -€64,766 | -€281,438 | |
| Operating profit (loss) | 9901 | €193,623 | -€88,914 | -€282,537 | |
| Financial income | 75/76B | €55 | €2,569 | +€2,514 | +4607.8% |
| Recurring financial income | 75 | €55 | €2,569 | +€2,514 | +4607.8% |
| Financial charges | 65/66B | €35,826 | €23,279 | -€12,548 | -35.0% |
| Recurring financial charges | 65 | €35,826 | €23,279 | -€12,548 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €157,851 | -€109,624 | -€267,475 | |
| Income taxes | 67/77 | €35,061 | €253 | -€34,807 | -99.3% |
| Profit (loss) for the period | 9904 | €122,790 | -€109,877 | -€232,668 | |
| Profit (loss) for the period to be appropriated | 9905 | €122,790 | -€109,877 | -€232,668 |
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 10 October 2026 via checked.be.