PROBO: 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.
PROBO
Largest movements
- Stocks and contracts -€96,762
down €96,762 (-9.8%), from €990,858 to €894,095
- Cash -€61,846
down €61,846 (-35.3%), from €175,186 to €113,340
mainly Trade debts (-€115,929) and Current portion of long-term debt (-€85,000)
- Receivables within one year +€15,210
up €15,210 (+34.5%), from €44,125 to €59,335
of which Trade receivables: +€18,403
- Trade debts -€115,929
down €115,929 (-51.9%), from €223,292 to €107,363
- Current portion of long-term debt -€85,000
down €85,000 (-44.7%), from €190,000 to €105,000
- Profit (loss) carried forward +€35,570
up €35,570, from -€29,285 to €6,285
- Other debts +€18,000
up €18,000 (+4.1%), from €440,000 to €458,000
- Gross operating margin +€170,639
up €170,639, from -€113,387 to €57,252
- Financial income -€120,779
down €120,779 (-99.9%), from €120,860 to €80
- Financial charges -€14,134
down €14,134 (-42.8%), from €33,032 to €18,898
- Other operating charges -€6,862
down €6,862 (-83.7%), from €8,200 to €1,338
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 | €1,515,777 | €1,367,343 | -€148,435 | -9.8% |
| Fixed assets | 21/28 | €31,593 | €30,394 | -€1,199 | -3.8% |
| Tangible fixed assets | 22/27 | €3,693 | €2,494 | -€1,199 | -32.5% |
| Plant, machinery and equipment | 23 | €398 | €0 | -€398 | -100.0% |
| Furniture and vehicles | 24 | €3,295 | €2,494 | -€802 | -24.3% |
| Financial fixed assets | 28 | €27,900 | €27,900 | = | 0.0% |
| Current assets | 29/58 | €1,484,184 | €1,336,949 | -€147,235 | -9.9% |
| Stocks and contracts in progress | 3 | €990,858 | €894,095 | -€96,762 | -9.8% |
| Stocks | 30/36 | €990,858 | €894,095 | -€96,762 | -9.8% |
| Amounts receivable within one year | 40/41 | €44,125 | €59,335 | +€15,210 | +34.5% |
| Trade receivables | 40 | €9,016 | €27,419 | +€18,403 | +204.1% |
| Other amounts receivable | 41 | €35,109 | €31,916 | -€3,193 | -9.1% |
| Current investments | 50/53 | €270,000 | €270,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €175,186 | €113,340 | -€61,846 | -35.3% |
| Deferred charges and accrued income | 490/1 | €4,016 | €179 | -€3,837 | -95.6% |
| Total equity and liabilities | 10/49 | €1,515,777 | €1,367,343 | -€148,435 | -9.8% |
| Equity | 10/15 | €528,792 | €564,362 | +€35,570 | +6.7% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Capital | 10 | €495,787 | €495,787 | = | 0.0% |
| Issued capital | 100 | €495,787 | €495,787 | = | 0.0% |
| Reserves | 13 | €62,290 | €62,290 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,579 | €49,579 | = | 0.0% |
| Legal reserve | 130 | €49,579 | €49,579 | = | 0.0% |
| Distributable reserves | 133 | €12,711 | €12,711 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,285 | €6,285 | +€35,570 | |
| Amounts payable | 17/49 | €986,985 | €802,981 | -€184,004 | -18.6% |
| Amounts payable after more than one year | 17 | €125,000 | €125,000 | = | 0.0% |
| Financial debts | 170/4 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €861,985 | €677,915 | -€184,070 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €190,000 | €105,000 | -€85,000 | -44.7% |
| Trade debts | 44 | €223,292 | €107,363 | -€115,929 | -51.9% |
| Suppliers | 440/4 | €223,292 | €107,363 | -€115,929 | -51.9% |
| Taxes, remuneration and social security | 45 | €8,693 | €7,552 | -€1,141 | -13.1% |
| Taxes | 450/3 | €8,693 | €7,552 | -€1,141 | -13.1% |
| Other amounts payable | 47/48 | €440,000 | €458,000 | +€18,000 | +4.1% |
| Accrued charges and deferred income | 492/3 | €0 | €66 | +€66 | |
| Non-recurring operating income | 76A | €21,645 | - | -€21,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,161 | €1,199 | -€962 | -44.5% |
| Other operating charges | 640/8 | €8,200 | €1,338 | -€6,862 | -83.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€113,387 | €57,252 | +€170,639 | |
| Operating profit (loss) | 9901 | -€123,748 | €54,714 | +€178,462 | |
| Financial income | 75/76B | €120,860 | €80 | -€120,779 | -99.9% |
| Recurring financial income | 75 | €120,860 | €80 | -€120,779 | -99.9% |
| Financial charges | 65/66B | €33,032 | €18,898 | -€14,134 | -42.8% |
| Recurring financial charges | 65 | €33,032 | €18,898 | -€14,134 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | -€35,920 | €35,897 | +€71,817 | |
| Income taxes | 67/77 | €343 | €327 | -€15 | -4.5% |
| Profit (loss) for the period | 9904 | -€36,263 | €35,570 | +€71,833 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,263 | €35,570 | +€71,833 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.