PROBEAU: 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.
PROBEAU
Largest movements
- Tangible fixed assets -€107,948
down €107,948 (-18.2%), from €592,210 to €484,262
of which Other tangible fixed assets: -€56,216
- Receivables within one year +€34,110
up €34,110 (+73.5%), from €46,399 to €80,509
of which Trade receivables: +€27,928
- Cash +€32,261
up €32,261 (+26.4%), from €122,353 to €154,614
mainly Depreciation (+€133,107) and Trade debts (+€40,838)
- Formation expenses -€25,160
down €25,160 (-58.6%), from €42,949 to €17,789
- Debts after one year -€86,809
down €86,809 (-20.1%), from €432,703 to €345,894
- Profit (loss) carried forward -€46,862
down €46,862 (-129.5%), from -€36,174 to -€83,035
- Trade debts +€40,838
up €40,838 (+11.0%), from €371,276 to €412,114
- Short-term financial debts +€10,794
up €10,794, from €0 to €10,794
- Gross operating margin -€65,770
down €65,770 (-14.1%), from €466,341 to €400,571
- Staff costs +€27,999
up €27,999 (+10.7%), from €260,902 to €288,901
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 | €1,072,127 | €1,007,139 | -€64,988 | -6.1% |
| Formation expenses | 20 | €42,949 | €17,789 | -€25,160 | -58.6% |
| Fixed assets | 21/28 | €592,210 | €484,262 | -€107,948 | -18.2% |
| Tangible fixed assets | 22/27 | €592,210 | €484,262 | -€107,948 | -18.2% |
| Plant, machinery and equipment | 23 | €243,643 | €200,237 | -€43,406 | -17.8% |
| Furniture and vehicles | 24 | €16,682 | €8,356 | -€8,326 | -49.9% |
| Other tangible fixed assets | 26 | €331,885 | €275,669 | -€56,216 | -16.9% |
| Current assets | 29/58 | €436,969 | €505,088 | +€68,119 | +15.6% |
| Stocks and contracts in progress | 3 | €256,767 | €255,423 | -€1,344 | -0.5% |
| Stocks | 30/36 | €256,767 | €255,423 | -€1,344 | -0.5% |
| Amounts receivable within one year | 40/41 | €46,399 | €80,509 | +€34,110 | +73.5% |
| Trade receivables | 40 | €2,345 | €30,273 | +€27,928 | +1190.9% |
| Other amounts receivable | 41 | €44,054 | €50,236 | +€6,182 | +14.0% |
| Cash at bank and in hand | 54/58 | €122,353 | €154,614 | +€32,261 | +26.4% |
| Deferred charges and accrued income | 490/1 | €11,449 | €14,541 | +€3,092 | +27.0% |
| Total equity and liabilities | 10/49 | €1,072,127 | €1,007,139 | -€64,988 | -6.1% |
| Equity | 10/15 | €113,826 | €66,965 | -€46,862 | -41.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,174 | -€83,035 | -€46,862 | -129.5% |
| Amounts payable | 17/49 | €958,301 | €940,175 | -€18,126 | -1.9% |
| Amounts payable after more than one year | 17 | €432,703 | €345,894 | -€86,809 | -20.1% |
| Financial debts | 170/4 | €432,703 | €345,894 | -€86,809 | -20.1% |
| Amounts payable within one year | 42/48 | €486,585 | €545,358 | +€58,773 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €85,271 | €86,809 | +€1,538 | +1.8% |
| Financial debts | 43 | €0 | €10,794 | +€10,794 | |
| Credit institutions | 430/8 | €0 | €10,794 | +€10,794 | |
| Trade debts | 44 | €371,276 | €412,114 | +€40,838 | +11.0% |
| Suppliers | 440/4 | €371,276 | €412,114 | +€40,838 | +11.0% |
| Taxes, remuneration and social security | 45 | €29,893 | €35,641 | +€5,748 | +19.2% |
| Taxes | 450/3 | €2,879 | €526 | -€2,353 | -81.7% |
| Remuneration and social security | 454/9 | €27,015 | €35,115 | +€8,101 | +30.0% |
| Other amounts payable | 47/48 | €144 | €0 | -€144 | -100.0% |
| Accrued charges and deferred income | 492/3 | €39,014 | €48,923 | +€9,909 | +25.4% |
| Non-recurring operating income | 76A | €2,999 | €0 | -€2,999 | -100.0% |
| Remuneration, social security and pensions | 62 | €260,902 | €288,901 | +€27,999 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,918 | €133,107 | -€3,811 | -2.8% |
| Other operating charges | 640/8 | €4,327 | €5,547 | +€1,220 | +28.2% |
| Non-recurring operating charges | 66A | €1,444 | €0 | -€1,444 | -100.0% |
| Gross operating margin | 9900 | €466,341 | €400,571 | -€65,770 | -14.1% |
| Operating profit (loss) | 9901 | €62,750 | -€26,984 | -€89,734 | |
| Financial income | 75/76B | €22 | €312 | +€290 | +1303.8% |
| Recurring financial income | 75 | €22 | €312 | +€290 | +1303.8% |
| Financial charges | 65/66B | €23,282 | €19,862 | -€3,420 | -14.7% |
| Recurring financial charges | 65 | €21,998 | €19,862 | -€2,136 | -9.7% |
| Non-recurring financial charges | 66B | €1,284 | €0 | -€1,284 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €39,491 | -€46,534 | -€86,025 | |
| Income taxes | 67/77 | €379 | €328 | -€51 | -13.6% |
| Profit (loss) for the period | 9904 | €39,112 | -€46,862 | -€85,973 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,112 | -€46,862 | -€85,973 |
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 3 October 2026 via checked.be.