PROBEMAL: 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.
PROBEMAL
Largest movements
- Receivables within one year +€563,977
up €563,977 (+49.5%), from €1.1m to €1.7m
of which Trade receivables: +€576,399
- Tangible fixed assets -€339,727
down €339,727 (-15.4%), from €2.2m to €1.9m
of which Plant, machinery and equipment: -€188,586
- Stocks and contracts +€190,744
up €190,744 (+10.9%), from €1.7m to €1.9m
- Cash -€74,751
down €74,751 (-43.4%), from €172,297 to €97,546
mainly Receivables within one year (-€563,977) and Debts after one year (-€316,138)
- Trade debts +€486,751
up €486,751 (+69.9%), from €696,380 to €1.2m
- Debts after one year -€316,138
down €316,138 (-31.0%), from €1.0m to €703,264
- Short-term financial debts +€200,000
up €200,000 (+22.0%), from €910,000 to €1.1m
- Current portion of long-term debt -€80,605
down €80,605 (-20.3%), from €396,743 to €316,138
- Staff costs +€33,028
up €33,028 (+3.3%), from €1.0m to €1.0m
- Depreciation +€19,369
up €19,369 (+6.0%), from €320,358 to €339,727
- Financial charges -€17,354
down €17,354 (-17.6%), from €98,873 to €81,519
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 | €5,259,186 | €5,610,160 | +€350,974 | +6.7% |
| Fixed assets | 21/28 | €2,203,833 | €1,864,106 | -€339,727 | -15.4% |
| Tangible fixed assets | 22/27 | €2,203,833 | €1,864,106 | -€339,727 | -15.4% |
| Land and buildings | 22 | €1,044,908 | €983,674 | -€61,235 | -5.9% |
| Plant, machinery and equipment | 23 | €895,810 | €707,224 | -€188,586 | -21.1% |
| Furniture and vehicles | 24 | €7,083 | €971 | -€6,112 | -86.3% |
| Leasing and similar rights | 25 | €256,031 | €172,237 | -€83,794 | -32.7% |
| Current assets | 29/58 | €3,055,353 | €3,746,054 | +€690,701 | +22.6% |
| Stocks and contracts in progress | 3 | €1,744,064 | €1,934,808 | +€190,744 | +10.9% |
| Stocks | 30/36 | €1,744,064 | €1,934,808 | +€190,744 | +10.9% |
| Amounts receivable within one year | 40/41 | €1,138,992 | €1,702,969 | +€563,977 | +49.5% |
| Trade receivables | 40 | €945,667 | €1,522,066 | +€576,399 | +61.0% |
| Other amounts receivable | 41 | €193,325 | €180,903 | -€12,423 | -6.4% |
| Cash at bank and in hand | 54/58 | €172,297 | €97,546 | -€74,751 | -43.4% |
| Deferred charges and accrued income | 490/1 | - | €10,731 | +€10,731 | |
| Total equity and liabilities | 10/49 | €5,259,186 | €5,610,160 | +€350,974 | +6.7% |
| Equity | 10/15 | €1,730,031 | €1,735,966 | +€5,936 | +0.3% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €650,000 | €650,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €580,031 | €585,966 | +€5,936 | +1.0% |
| Amounts payable | 17/49 | €3,529,155 | €3,874,194 | +€345,038 | +9.8% |
| Amounts payable after more than one year | 17 | €1,019,402 | €703,264 | -€316,138 | -31.0% |
| Financial debts | 170/4 | €1,019,402 | €703,264 | -€316,138 | -31.0% |
| Amounts payable within one year | 42/48 | €2,501,760 | €3,164,883 | +€663,122 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €396,743 | €316,138 | -€80,605 | -20.3% |
| Financial debts | 43 | €910,000 | €1,110,000 | +€200,000 | +22.0% |
| Credit institutions | 430/8 | €910,000 | €1,110,000 | +€200,000 | +22.0% |
| Trade debts | 44 | €696,380 | €1,183,130 | +€486,751 | +69.9% |
| Suppliers | 440/4 | €696,380 | €1,183,130 | +€486,751 | +69.9% |
| Taxes, remuneration and social security | 45 | €98,637 | €100,614 | +€1,977 | +2.0% |
| Taxes | 450/3 | €118 | €33,310 | +€33,192 | +28114.8% |
| Remuneration and social security | 454/9 | €98,519 | €67,304 | -€31,215 | -31.7% |
| Other amounts payable | 47/48 | €400,000 | €455,000 | +€55,000 | +13.8% |
| Accrued charges and deferred income | 492/3 | €7,993 | €6,047 | -€1,946 | -24.3% |
| Remuneration, social security and pensions | 62 | €1,006,419 | €1,039,448 | +€33,028 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €320,358 | €339,727 | +€19,369 | +6.0% |
| Other operating charges | 640/8 | €76,135 | €69,657 | -€6,478 | -8.5% |
| Gross operating margin | 9900 | €1,533,282 | €1,544,304 | +€11,022 | +0.7% |
| Operating profit (loss) | 9901 | €130,370 | €95,472 | -€34,898 | -26.8% |
| Financial income | 75/76B | €1,446 | €1,909 | +€463 | +32.0% |
| Recurring financial income | 75 | €1,446 | €1,909 | +€463 | +32.0% |
| Financial charges | 65/66B | €98,873 | €81,519 | -€17,354 | -17.6% |
| Recurring financial charges | 65 | €98,873 | €81,519 | -€17,354 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €32,944 | €15,862 | -€17,082 | -51.9% |
| Income taxes | 67/77 | €3,118 | €9,926 | +€6,808 | +218.4% |
| Profit (loss) for the period | 9904 | €29,826 | €5,936 | -€23,890 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,826 | €5,936 | -€23,890 | -80.1% |
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 11 October 2026 via checked.be.