PROCEFA: 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.
PROCEFA
Largest movements
- Tangible fixed assets -€38,640
down €38,640 (-10.4%), from €371,636 to €332,995
of which Furniture and vehicles: -€20,152
- Current investments +€34,575
up €34,575 (+118%), from €29,425 to €64,000
- Cash +€15,454
up €15,454 (+22.3%), from €69,416 to €84,870
mainly Net result for the year (+€43,825) and Depreciation (+€38,906)
- Deferred charges and accrued income +€15,357
up €15,357 (+1,016%), from €1,511 to €16,868
- Intangible fixed assets -€12,000
down €12,000 (-33.3%), from €36,000 to €24,000
- Profit (loss) carried forward +€50,884
up €50,884 (+71.3%), from -€71,402 to -€20,518
- Debts after one year -€37,037
down €37,037 (-16.7%), from €221,294 to €184,257
- Tax, wage and social debts +€13,194
up €13,194 (+33.2%), from €39,701 to €52,895
of which Taxes: +€11,285
- Reserves -€7,059
down €7,059 (-6.0%), from €116,973 to €109,914
of which Tax-exempt reserves: -€7,059
- Other debts -€6,688
down €6,688 (-52.3%), from €12,779 to €6,091
- Gross operating margin +€43,428
up €43,428 (+32.2%), from €134,876 to €178,304
- Taxes +€7,174
up €7,174 (+90.0%), from €7,966 to €15,140
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 | €512,336 | €522,784 | +€10,448 | +2.0% |
| Fixed assets | 21/28 | €407,686 | €357,045 | -€50,640 | -12.4% |
| Intangible fixed assets | 21 | €36,000 | €24,000 | -€12,000 | -33.3% |
| Tangible fixed assets | 22/27 | €371,636 | €332,995 | -€38,640 | -10.4% |
| Land and buildings | 22 | €346,086 | €327,598 | -€18,488 | -5.3% |
| Furniture and vehicles | 24 | €25,549 | €5,397 | -€20,152 | -78.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €104,650 | €165,738 | +€61,088 | +58.4% |
| Amounts receivable within one year | 40/41 | €4,298 | - | -€4,298 | |
| Trade receivables | 40 | €4,298 | - | -€4,298 | |
| Current investments | 50/53 | €29,425 | €64,000 | +€34,575 | +118% |
| Cash at bank and in hand | 54/58 | €69,416 | €84,870 | +€15,454 | +22.3% |
| Deferred charges and accrued income | 490/1 | €1,511 | €16,868 | +€15,357 | +1,016% |
| Total equity and liabilities | 10/49 | €512,336 | €522,784 | +€10,448 | +2.0% |
| Equity | 10/15 | €64,171 | €107,996 | +€43,825 | +68.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,973 | €109,914 | -€7,059 | -6.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €102,113 | €95,054 | -€7,059 | -6.9% |
| Distributable reserves | 133 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,402 | -€20,518 | +€50,884 | +71.3% |
| Provisions and deferred taxes | 16 | €34,038 | €31,685 | -€2,353 | -6.9% |
| Deferred taxes | 168 | €34,038 | €31,685 | -€2,353 | -6.9% |
| Amounts payable | 17/49 | €414,127 | €383,103 | -€31,024 | -7.5% |
| Amounts payable after more than one year | 17 | €221,294 | €184,257 | -€37,037 | -16.7% |
| Financial debts | 170/4 | €221,294 | €184,257 | -€37,037 | -16.7% |
| Amounts payable within one year | 42/48 | €192,833 | €198,846 | +€6,013 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €36,838 | €36,783 | -€55 | -0.1% |
| Financial debts | 43 | €6,531 | - | -€6,531 | |
| Credit institutions | 430/8 | €6,531 | - | -€6,531 | |
| Trade debts | 44 | €17,741 | €18,078 | +€337 | +1.9% |
| Suppliers | 440/4 | €17,741 | €18,078 | +€337 | +1.9% |
| Advances received on contracts in progress | 46 | €79,244 | €85,000 | +€5,757 | +7.3% |
| Taxes, remuneration and social security | 45 | €39,701 | €52,895 | +€13,194 | +33.2% |
| Taxes | 450/3 | €21,735 | €33,020 | +€11,285 | +51.9% |
| Remuneration and social security | 454/9 | €17,965 | €19,875 | +€1,910 | +10.6% |
| Other amounts payable | 47/48 | €12,779 | €6,091 | -€6,688 | -52.3% |
| Non-recurring operating income | 76A | - | €9,514 | +€9,514 | |
| Remuneration, social security and pensions | 62 | €64,863 | €66,315 | +€1,453 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,744 | €38,906 | +€1,163 | +3.1% |
| Other operating charges | 640/8 | €5,840 | €4,834 | -€1,006 | -17.2% |
| Non-recurring operating charges | 66A | €1,031 | €647 | -€383 | -37.2% |
| Gross operating margin | 9900 | €134,876 | €178,304 | +€43,428 | +32.2% |
| Operating profit (loss) | 9901 | €25,398 | €67,600 | +€42,202 | +166% |
| Financial income | 75/76B | €242 | €101 | -€141 | -58.2% |
| Recurring financial income | 75 | €242 | €101 | -€141 | -58.2% |
| Financial charges | 65/66B | €10,739 | €11,089 | +€351 | +3.3% |
| Recurring financial charges | 65 | €10,739 | €11,089 | +€351 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €14,902 | €56,612 | +€41,710 | +280% |
| Transfer from deferred taxes | 780 | €2,353 | €2,353 | = | 0.0% |
| Income taxes | 67/77 | €7,966 | €15,140 | +€7,174 | +90.0% |
| Profit (loss) for the period | 9904 | €9,288 | €43,825 | +€34,537 | +372% |
| Transfer from tax-exempt reserves | 789 | €7,059 | €7,059 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,347 | €50,884 | +€34,537 | +211% |
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 24 October 2026 via checked.be.