PROCAF: 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.
PROCAF
Largest movements
- Intangible fixed assets -€9,750
down €9,750 (-30.2%), from €32,308 to €22,558
- Cash -€3,182
down €3,182 (-37.6%), from €8,460 to €5,278
mainly Trade debts (-€12,659) and Investment in fixed assets (net) (-€5,686)
- Receivables within one year -€1,992
down €1,992 (-1.5%), from €128,587 to €126,595
of which Trade receivables: -€2,574
- Trade debts -€12,659
down €12,659 (-32.8%), from €38,566 to €25,907
- Tax, wage and social debts -€5,540
down €5,540 (-34.7%), from €15,962 to €10,422
- Reserves +€2,568
up €2,568 (+3.6%), from €71,762 to €74,330
of which Distributable reserves: +€2,568
- Gross operating margin -€15,073
down €15,073 (-42.0%), from €35,872 to €20,799
- Depreciation -€5,701
down €5,701 (-26.6%), from €21,415 to €15,714
- Taxes -€4,067
down €4,067 (-78.1%), from €5,208 to €1,141
- Financial income -€2,017
no longer reported in 2025 (was €2,017)
- Other operating charges -€472
down €472 (-33.5%), from €1,410 to €938
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.
Derived cash bridge
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 | €176,697 | €161,495 | -€15,202 | -8.6% |
| Formation expenses | 20 | €1,258 | €943 | -€315 | -25.0% |
| Fixed assets | 21/28 | €38,392 | €28,679 | -€9,713 | -25.3% |
| Intangible fixed assets | 21 | €32,308 | €22,558 | -€9,750 | -30.2% |
| Tangible fixed assets | 22/27 | €6,084 | €6,121 | +€37 | +0.6% |
| Plant, machinery and equipment | 23 | €6,084 | €6,121 | +€37 | +0.6% |
| Current assets | 29/58 | €137,047 | €131,873 | -€5,174 | -3.8% |
| Amounts receivable within one year | 40/41 | €128,587 | €126,595 | -€1,992 | -1.5% |
| Trade receivables | 40 | €128,587 | €126,013 | -€2,574 | -2.0% |
| Other amounts receivable | 41 | - | €582 | +€582 | |
| Cash at bank and in hand | 54/58 | €8,460 | €5,278 | -€3,182 | -37.6% |
| Total equity and liabilities | 10/49 | €176,697 | €161,495 | -€15,202 | -8.6% |
| Equity | 10/15 | €96,454 | €99,022 | +€2,568 | +2.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €71,762 | €74,330 | +€2,568 | +3.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €69,903 | €72,471 | +€2,568 | +3.7% |
| Profit (loss) carried forward | 14 | €6,100 | €6,100 | = | 0.0% |
| Amounts payable | 17/49 | €80,243 | €62,473 | -€17,770 | -22.1% |
| Amounts payable within one year | 42/48 | €80,243 | €62,473 | -€17,770 | -22.1% |
| Trade debts | 44 | €38,566 | €25,907 | -€12,659 | -32.8% |
| Suppliers | 440/4 | €38,566 | €25,907 | -€12,659 | -32.8% |
| Taxes, remuneration and social security | 45 | €15,962 | €10,422 | -€5,540 | -34.7% |
| Taxes | 450/3 | €15,962 | €10,422 | -€5,540 | -34.7% |
| Other amounts payable | 47/48 | €25,715 | €26,144 | +€429 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,415 | €15,714 | -€5,701 | -26.6% |
| Other operating charges | 640/8 | €1,410 | €938 | -€472 | -33.5% |
| Gross operating margin | 9900 | €35,872 | €20,799 | -€15,073 | -42.0% |
| Operating profit (loss) | 9901 | €13,047 | €4,147 | -€8,900 | -68.2% |
| Financial income | 75/76B | €2,017 | - | -€2,017 | |
| Recurring financial income | 75 | €2,017 | - | -€2,017 | |
| Financial charges | 65/66B | €753 | €438 | -€315 | -41.8% |
| Recurring financial charges | 65 | €753 | €438 | -€315 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €14,311 | €3,709 | -€10,602 | -74.1% |
| Income taxes | 67/77 | €5,208 | €1,141 | -€4,067 | -78.1% |
| Profit (loss) for the period | 9904 | €9,103 | €2,568 | -€6,535 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,103 | €2,568 | -€6,535 | -71.8% |
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 15 October 2026 via checked.be.