PROCEQ: 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.
PROCEQ
Largest movements
- Stocks and contracts +€985,192
up €985,192 (+99.3%), from €991,725 to €2.0m
of which Contracts in progress: +€985,192
- Current investments +€115,000
new in 2025: €115,000
- Cash +€92,129
up €92,129 (+84.7%), from €108,785 to €200,914
mainly Advances received (+€1.1m) and Trade debts (+€186,812)
- Tangible fixed assets -€91,051
down €91,051 (-36.2%), from €251,536 to €160,484
of which Plant, machinery and equipment: -€73,814
- Receivables within one year +€81,622
up €81,622 (+12.3%), from €664,632 to €746,253
of which Trade receivables: +€78,790
- Advances received +€1.1m
up €1.1m (+167.1%), from €628,542 to €1.7m
- Trade debts +€186,812
up €186,812 (+61.4%), from €304,338 to €491,150
- Short-term financial debts -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Gross operating margin +€128,426
up €128,426 (+22.3%), from €575,826 to €704,252
- Staff costs +€83,484
up €83,484 (+18.1%), from €461,247 to €544,731
- Depreciation -€26,099
down €26,099 (-20.5%), from €127,391 to €101,292
- Taxes +€14,403
up €14,403 (+451.6%), from €3,189 to €17,593
- Financial income -€11,510
down €11,510 (-97.2%), from €11,846 to €337
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 | €2,089,300 | €3,231,838 | +€1.1m | +54.7% |
| Fixed assets | 21/28 | €290,340 | €189,048 | -€101,292 | -34.9% |
| Intangible fixed assets | 21 | €13,896 | €3,655 | -€10,241 | -73.7% |
| Tangible fixed assets | 22/27 | €251,536 | €160,484 | -€91,051 | -36.2% |
| Land and buildings | 22 | €13,773 | €11,956 | -€1,817 | -13.2% |
| Plant, machinery and equipment | 23 | €201,444 | €127,630 | -€73,814 | -36.6% |
| Furniture and vehicles | 24 | €30,524 | €16,882 | -€13,641 | -44.7% |
| Other tangible fixed assets | 26 | €5,794 | €4,016 | -€1,779 | -30.7% |
| Financial fixed assets | 28 | €24,909 | €24,909 | = | 0.0% |
| Current assets | 29/58 | €1,798,960 | €3,042,790 | +€1.2m | +69.1% |
| Stocks and contracts in progress | 3 | €991,725 | €1,976,917 | +€985,192 | +99.3% |
| Stocks | 30/36 | €71,025 | €71,025 | = | 0.0% |
| Contracts in progress | 37 | €920,700 | €1,905,892 | +€985,192 | +107.0% |
| Amounts receivable within one year | 40/41 | €664,632 | €746,253 | +€81,622 | +12.3% |
| Trade receivables | 40 | €604,925 | €683,715 | +€78,790 | +13.0% |
| Other amounts receivable | 41 | €59,707 | €62,538 | +€2,832 | +4.7% |
| Current investments | 50/53 | - | €115,000 | +€115,000 | |
| Cash at bank and in hand | 54/58 | €108,785 | €200,914 | +€92,129 | +84.7% |
| Deferred charges and accrued income | 490/1 | €33,818 | €3,706 | -€30,112 | -89.0% |
| Total equity and liabilities | 10/49 | €2,089,300 | €3,231,838 | +€1.1m | +54.7% |
| Equity | 10/15 | €945,604 | €973,948 | +€28,344 | +3.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €48,750 | €48,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,750 | €33,750 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €746,854 | €775,198 | +€28,344 | +3.8% |
| Amounts payable | 17/49 | €1,143,696 | €2,257,890 | +€1.1m | +97.4% |
| Amounts payable within one year | 42/48 | €1,143,696 | €2,257,890 | +€1.1m | +97.4% |
| Financial debts | 43 | €150,000 | €0 | -€150,000 | -100.0% |
| Credit institutions | 430/8 | €150,000 | €0 | -€150,000 | -100.0% |
| Trade debts | 44 | €304,338 | €491,150 | +€186,812 | +61.4% |
| Suppliers | 440/4 | €304,338 | €491,150 | +€186,812 | +61.4% |
| Advances received on contracts in progress | 46 | €628,542 | €1,678,739 | +€1.1m | +167.1% |
| Taxes, remuneration and social security | 45 | €53,379 | €84,704 | +€31,325 | +58.7% |
| Taxes | 450/3 | - | €22,790 | +€22,790 | |
| Remuneration and social security | 454/9 | €53,379 | €61,914 | +€8,535 | +16.0% |
| Other amounts payable | 47/48 | €7,436 | €3,296 | -€4,140 | -55.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €461,247 | €544,731 | +€83,484 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,391 | €101,292 | -€26,099 | -20.5% |
| Other operating charges | 640/8 | €3,886 | €4,774 | +€889 | +22.9% |
| Gross operating margin | 9900 | €575,826 | €704,252 | +€128,426 | +22.3% |
| Operating profit (loss) | 9901 | -€16,698 | €53,454 | +€70,152 | |
| Financial income | 75/76B | €11,846 | €337 | -€11,510 | -97.2% |
| Recurring financial income | 75 | €11,846 | €337 | -€11,510 | -97.2% |
| Financial charges | 65/66B | €6,408 | €7,854 | +€1,446 | +22.6% |
| Recurring financial charges | 65 | €6,408 | €7,854 | +€1,446 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,260 | €45,937 | +€57,196 | |
| Income taxes | 67/77 | €3,189 | €17,593 | +€14,403 | +451.6% |
| Profit (loss) for the period | 9904 | -€14,449 | €28,344 | +€42,793 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,449 | €28,344 | +€42,793 |
Source: filed annual accounts (NBB), financial years ended 30 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.