PROCEDE!: 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.
PROCEDE!
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€226,457
down €226,457 (-57.9%), from €391,438 to €164,980
mainly Current investments (-€250,000) and Debts after one year (-€59,686)
- Financial fixed assets +€51,655
new in 2025: €51,655
- Tangible fixed assets -€50,750
down €50,750 (-5.6%), from €911,037 to €860,287
of which Land and buildings: -€33,784
- Reserves +€78,939
up €78,939 (+9.0%), from €872,419 to €951,358
- Debts after one year -€59,686
down €59,686 (-16.4%), from €363,187 to €303,501
- Tax, wage and social debts +€15,034
up €15,034 (+113.2%), from €13,284 to €28,319
of which Taxes: +€17,159
- Gross operating margin +€28,782
up €28,782 (+13.2%), from €218,158 to €246,940
- Depreciation +€7,666
up €7,666 (+17.5%), from €43,753 to €51,419
- Taxes +€6,798
up €6,798 (+14.1%), from €48,300 to €55,099
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 | €1,327,769 | €1,362,656 | +€34,887 | +2.6% |
| Fixed assets | 21/28 | €911,037 | €911,942 | +€905 | +0.1% |
| Tangible fixed assets | 22/27 | €911,037 | €860,287 | -€50,750 | -5.6% |
| Land and buildings | 22 | €825,589 | €791,805 | -€33,784 | -4.1% |
| Plant, machinery and equipment | 23 | €13,636 | €12,374 | -€1,262 | -9.3% |
| Furniture and vehicles | 24 | €70,812 | €55,108 | -€15,704 | -22.2% |
| Other tangible fixed assets | 26 | €1,000 | €1,000 | = | 0.0% |
| Financial fixed assets | 28 | - | €51,655 | +€51,655 | |
| Current assets | 29/58 | €416,732 | €450,714 | +€33,982 | +8.2% |
| Amounts receivable within one year | 40/41 | €21,211 | €31,718 | +€10,507 | +49.5% |
| Trade receivables | 40 | €21,210 | €24,607 | +€3,397 | +16.0% |
| Other amounts receivable | 41 | €1 | €7,111 | +€7,109 | +480358.1% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €391,438 | €164,980 | -€226,457 | -57.9% |
| Deferred charges and accrued income | 490/1 | €4,083 | €4,016 | -€67 | -1.6% |
| Total equity and liabilities | 10/49 | €1,327,769 | €1,362,656 | +€34,887 | +2.6% |
| Equity | 10/15 | €884,819 | €963,758 | +€78,939 | +8.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €872,419 | €951,358 | +€78,939 | +9.0% |
| Distributable reserves | 133 | €872,419 | €951,358 | +€78,939 | +9.0% |
| Amounts payable | 17/49 | €442,950 | €398,898 | -€44,052 | -9.9% |
| Amounts payable after more than one year | 17 | €363,187 | €303,501 | -€59,686 | -16.4% |
| Financial debts | 170/4 | €363,187 | €303,501 | -€59,686 | -16.4% |
| Amounts payable within one year | 42/48 | €77,763 | €93,397 | +€15,633 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €59,013 | €59,686 | +€673 | +1.1% |
| Trade debts | 44 | €5,327 | €5,257 | -€70 | -1.3% |
| Suppliers | 440/4 | €5,327 | €5,257 | -€70 | -1.3% |
| Advances received on contracts in progress | 46 | - | €135 | +€135 | |
| Taxes, remuneration and social security | 45 | €13,284 | €28,319 | +€15,034 | +113.2% |
| Taxes | 450/3 | €11,160 | €28,319 | +€17,159 | +153.8% |
| Remuneration and social security | 454/9 | €2,125 | - | -€2,125 | |
| Other amounts payable | 47/48 | €139 | - | -€139 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Non-recurring operating income | 76A | €9,500 | €4,414 | -€5,086 | -53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,753 | €51,419 | +€7,666 | +17.5% |
| Other operating charges | 640/8 | €3,746 | €5,783 | +€2,037 | +54.4% |
| Non-recurring operating charges | 66A | - | €119 | +€119 | |
| Gross operating margin | 9900 | €218,158 | €246,940 | +€28,782 | +13.2% |
| Operating profit (loss) | 9901 | €170,659 | €189,619 | +€18,960 | +11.1% |
| Financial income | 75/76B | €0 | €1,847 | +€1,847 | +18469200.0% |
| Recurring financial income | 75 | €0 | €1,847 | +€1,847 | +18469200.0% |
| Financial charges | 65/66B | €5,257 | €4,797 | -€460 | -8.8% |
| Recurring financial charges | 65 | €5,257 | €4,797 | -€460 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €165,402 | €186,670 | +€21,267 | +12.9% |
| Income taxes | 67/77 | €48,300 | €55,099 | +€6,798 | +14.1% |
| Profit (loss) for the period | 9904 | €117,102 | €131,571 | +€14,469 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €117,102 | €131,571 | +€14,469 | +12.4% |
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 28 September 2026 via checked.be.