PROAXIO: 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.
PROAXIO
Largest movements
- Tangible fixed assets +€13,164
up €13,164 (+4.1%), from €322,886 to €336,051
of which Furniture and vehicles: +€32,835
- Cash -€8,386
down €8,386 (-13.1%), from €64,046 to €55,659
mainly Debts after one year (-€51,709) and Investment in fixed assets (net) (-€39,443)
- Reserves +€66,193
up €66,193 (+102.9%), from €64,347 to €130,540
- Debts after one year -€51,709
down €51,709 (-21.8%), from €237,312 to €185,602
- Trade debts -€31,987
down €31,987 (-84.4%), from €37,878 to €5,891
- Current portion of long-term debt +€17,850
up €17,850 (+51.7%), from €34,538 to €52,388
- Gross operating margin +€29,282
up €29,282 (+24.4%), from €120,137 to €149,419
- Staff costs +€9,718
new in 2025: €9,718
- Taxes +€8,204
up €8,204 (+38.2%), from €21,470 to €29,674
- Depreciation +€3,285
up €3,285 (+13.9%), from €23,669 to €26,954
- Other operating charges +€2,420
up €2,420 (+20.5%), from €11,795 to €14,215
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 | €407,755 | €410,205 | +€2,450 | +0.6% |
| Fixed assets | 21/28 | €324,869 | €337,359 | +€12,490 | +3.8% |
| Intangible fixed assets | 21 | €1,982 | €1,308 | -€674 | -34.0% |
| Tangible fixed assets | 22/27 | €322,886 | €336,051 | +€13,164 | +4.1% |
| Land and buildings | 22 | €250,659 | €239,539 | -€11,120 | -4.4% |
| Plant, machinery and equipment | 23 | €66,347 | €57,796 | -€8,551 | -12.9% |
| Furniture and vehicles | 24 | €5,881 | €38,716 | +€32,835 | +558.4% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €82,886 | €72,847 | -€10,039 | -12.1% |
| Amounts receivable within one year | 40/41 | €17,337 | €15,035 | -€2,303 | -13.3% |
| Trade receivables | 40 | €17,337 | €14,709 | -€2,628 | -15.2% |
| Other amounts receivable | 41 | - | €326 | +€326 | |
| Cash at bank and in hand | 54/58 | €64,046 | €55,659 | -€8,386 | -13.1% |
| Deferred charges and accrued income | 490/1 | €1,503 | €2,153 | +€650 | +43.2% |
| Total equity and liabilities | 10/49 | €407,755 | €410,205 | +€2,450 | +0.6% |
| Equity | 10/15 | €84,347 | €150,540 | +€66,193 | +78.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €64,347 | €130,540 | +€66,193 | +102.9% |
| Distributable reserves | 133 | €64,347 | €130,540 | +€66,193 | +102.9% |
| Amounts payable | 17/49 | €323,408 | €259,665 | -€63,743 | -19.7% |
| Amounts payable after more than one year | 17 | €237,312 | €185,602 | -€51,709 | -21.8% |
| Financial debts | 170/4 | €237,312 | €185,602 | -€51,709 | -21.8% |
| Amounts payable within one year | 42/48 | €86,096 | €73,913 | -€12,183 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €34,538 | €52,388 | +€17,850 | +51.7% |
| Trade debts | 44 | €37,878 | €5,891 | -€31,987 | -84.4% |
| Suppliers | 440/4 | €37,878 | €5,891 | -€31,987 | -84.4% |
| Taxes, remuneration and social security | 45 | €13,681 | €15,634 | +€1,954 | +14.3% |
| Taxes | 450/3 | €13,681 | €13,445 | -€236 | -1.7% |
| Remuneration and social security | 454/9 | - | €2,190 | +€2,190 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €149 | +€149 | |
| Remuneration, social security and pensions | 62 | - | €9,718 | +€9,718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,669 | €26,954 | +€3,285 | +13.9% |
| Other operating charges | 640/8 | €11,795 | €14,215 | +€2,420 | +20.5% |
| Gross operating margin | 9900 | €120,137 | €149,419 | +€29,282 | +24.4% |
| Operating profit (loss) | 9901 | €84,673 | €98,533 | +€13,860 | +16.4% |
| Financial income | 75/76B | €22 | €0 | -€22 | -100.0% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -100.0% |
| Financial charges | 65/66B | €2,324 | €2,665 | +€341 | +14.7% |
| Recurring financial charges | 65 | €2,324 | €2,665 | +€341 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €82,371 | €95,868 | +€13,497 | +16.4% |
| Income taxes | 67/77 | €21,470 | €29,674 | +€8,204 | +38.2% |
| Profit (loss) for the period | 9904 | €60,901 | €66,193 | +€5,293 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,901 | €66,193 | +€5,293 | +8.7% |
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 29 September 2026 via checked.be.