PROCO PROJECTS: 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.
PROCO PROJECTS
Largest movements
- Tangible fixed assets -€42,832
down €42,832 (-11.2%), from €383,347 to €340,515
of which Land and buildings: -€28,837
- Cash -€35,893
down €35,893 (-35.3%), from €101,625 to €65,732
mainly Debts after one year (-€57,228) and Trade debts (-€25,168)
- Receivables within one year +€18,591
up €18,591 (+28.4%), from €65,423 to €84,014
of which Other amounts receivable: +€12,732
- Debts after one year -€57,228
down €57,228 (-29.2%), from €195,888 to €138,660
- Trade debts -€25,168
down €25,168 (-43.7%), from €57,654 to €32,486
- Short-term financial debts +€25,124
new in 2025: €25,124
- Tax, wage and social debts -€5,984
down €5,984 (-59.1%), from €10,117 to €4,133
of which Remuneration and social security: -€5,841
- Gross operating margin -€37,309
down €37,309 (-26.8%), from €139,247 to €101,938
- Staff costs -€13,974
down €13,974 (-26.0%), from €53,741 to €39,767
- Taxes +€1,721
up €1,721 (+57.7%), from €2,982 to €4,703
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 | €555,947 | €493,513 | -€62,434 | -11.2% |
| Fixed assets | 21/28 | €383,347 | €340,515 | -€42,832 | -11.2% |
| Tangible fixed assets | 22/27 | €383,347 | €340,515 | -€42,832 | -11.2% |
| Land and buildings | 22 | €358,957 | €330,119 | -€28,837 | -8.0% |
| Plant, machinery and equipment | 23 | €4,632 | €2,881 | -€1,751 | -37.8% |
| Furniture and vehicles | 24 | €19,758 | €7,514 | -€12,244 | -62.0% |
| Current assets | 29/58 | €172,600 | €152,998 | -€19,602 | -11.4% |
| Stocks and contracts in progress | 3 | €2,847 | - | -€2,847 | |
| Stocks | 30/36 | €2,847 | - | -€2,847 | |
| Amounts receivable within one year | 40/41 | €65,423 | €84,014 | +€18,591 | +28.4% |
| Trade receivables | 40 | €65,423 | €71,282 | +€5,859 | +9.0% |
| Other amounts receivable | 41 | - | €12,732 | +€12,732 | |
| Cash at bank and in hand | 54/58 | €101,625 | €65,732 | -€35,893 | -35.3% |
| Deferred charges and accrued income | 490/1 | €2,705 | €3,252 | +€547 | +20.2% |
| Total equity and liabilities | 10/49 | €555,947 | €493,513 | -€62,434 | -11.2% |
| Equity | 10/15 | €282,305 | €286,370 | +€4,066 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €209,670 | €213,735 | +€4,066 | +1.9% |
| Distributable reserves | 133 | €209,670 | €213,735 | +€4,066 | +1.9% |
| Profit (loss) carried forward | 14 | €54,035 | €54,035 | = | 0.0% |
| Amounts payable | 17/49 | €273,642 | €207,143 | -€66,499 | -24.3% |
| Amounts payable after more than one year | 17 | €195,888 | €138,660 | -€57,228 | -29.2% |
| Financial debts | 170/4 | €195,888 | €138,660 | -€57,228 | -29.2% |
| Amounts payable within one year | 42/48 | €77,451 | €68,483 | -€8,967 | -11.6% |
| Financial debts | 43 | - | €25,124 | +€25,124 | |
| Credit institutions | 430/8 | - | €25,124 | +€25,124 | |
| Trade debts | 44 | €57,654 | €32,486 | -€25,168 | -43.7% |
| Suppliers | 440/4 | €57,654 | €32,486 | -€25,168 | -43.7% |
| Advances received on contracts in progress | 46 | €121 | €121 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,117 | €4,133 | -€5,984 | -59.1% |
| Taxes | 450/3 | €4,275 | €4,133 | -€143 | -3.3% |
| Remuneration and social security | 454/9 | €5,841 | - | -€5,841 | |
| Other amounts payable | 47/48 | €9,559 | €6,620 | -€2,939 | -30.7% |
| Accrued charges and deferred income | 492/3 | €304 | - | -€304 | |
| Non-recurring operating income | 76A | €13,694 | - | -€13,694 | |
| Remuneration, social security and pensions | 62 | €53,741 | €39,767 | -€13,974 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,065 | €42,832 | -€233 | -0.5% |
| Other operating charges | 640/8 | €2,425 | €2,687 | +€263 | +10.8% |
| Gross operating margin | 9900 | €139,247 | €101,938 | -€37,309 | -26.8% |
| Operating profit (loss) | 9901 | €40,017 | €16,652 | -€23,365 | -58.4% |
| Financial income | 75/76B | €0 | €306 | +€306 | +1019300.0% |
| Recurring financial income | 75 | €0 | €306 | +€306 | +1019300.0% |
| Financial charges | 65/66B | €8,920 | €8,190 | -€731 | -8.2% |
| Recurring financial charges | 65 | €8,920 | €8,190 | -€731 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €31,097 | €8,769 | -€22,328 | -71.8% |
| Income taxes | 67/77 | €2,982 | €4,703 | +€1,721 | +57.7% |
| Profit (loss) for the period | 9904 | €28,115 | €4,066 | -€24,049 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,115 | €4,066 | -€24,049 | -85.5% |
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 9 October 2026 via checked.be.