PROEQUIP: 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.
PROEQUIP
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+95.1%), from €1.2m to €2.3m
of which Trade receivables: +€780,905
- Stocks and contracts -€874,765
down €874,765 (-36.2%), from €2.4m to €1.5m
- Intangible fixed assets -€84,932
down €84,932 (-14.3%), from €592,332 to €507,400
- Cash +€80,541
up €80,541 (+75.5%), from €106,684 to €187,225
mainly Trade debts (+€1.9m) and Short-term financial debts (+€960,000)
- Profit (loss) carried forward -€2.8m
down €2.8m, from €845,526 to -€2.0m
- Trade debts +€1.9m
up €1.9m (+128.1%), from €1.5m to €3.4m
- Short-term financial debts +€960,000
up €960,000 (+61.9%), from €1.6m to €2.5m
- Current portion of long-term debt +€134,846
up €134,846 (+46.6%), from €289,252 to €424,098
- Debts after one year -€116,787
down €116,787 (-6.5%), from €1.8m to €1.7m
- Gross operating margin -€2.1m
down €2.1m, from €1.4m to -€656,176
- Staff costs +€570,467
up €570,467 (+54.6%), from €1.0m to €1.6m
- Depreciation +€88,944
up €88,944 (+43.3%), from €205,210 to €294,154
- Write-downs +€34,660
up €34,660 (+10194.1%), from €340 to €35,000
- Taxes -€27,673
down €27,673 (-91.8%), from €30,151 to €2,478
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 | €7,144,144 | €7,313,010 | +€168,867 | +2.4% |
| Formation expenses | 20 | €19,118 | €6,126 | -€12,993 | -68.0% |
| Fixed assets | 21/28 | €3,367,198 | €3,255,443 | -€111,755 | -3.3% |
| Intangible fixed assets | 21 | €592,332 | €507,400 | -€84,932 | -14.3% |
| Tangible fixed assets | 22/27 | €1,846,364 | €1,806,533 | -€39,831 | -2.2% |
| Land and buildings | 22 | €1,582,700 | €1,491,288 | -€91,413 | -5.8% |
| Plant, machinery and equipment | 23 | €102,199 | €101,841 | -€358 | -0.3% |
| Furniture and vehicles | 24 | €20,116 | €26,040 | +€5,924 | +29.4% |
| Other tangible fixed assets | 26 | €141,349 | €187,365 | +€46,015 | +32.6% |
| Financial fixed assets | 28 | €928,502 | €941,510 | +€13,008 | +1.4% |
| Current assets | 29/58 | €3,757,827 | €4,051,442 | +€293,615 | +7.8% |
| Stocks and contracts in progress | 3 | €2,415,000 | €1,540,235 | -€874,765 | -36.2% |
| Stocks | 30/36 | €2,415,000 | €1,540,235 | -€874,765 | -36.2% |
| Amounts receivable within one year | 40/41 | €1,165,372 | €2,273,692 | +€1.1m | +95.1% |
| Trade receivables | 40 | €1,004,084 | €1,784,989 | +€780,905 | +77.8% |
| Other amounts receivable | 41 | €161,288 | €488,703 | +€327,414 | +203.0% |
| Cash at bank and in hand | 54/58 | €106,684 | €187,225 | +€80,541 | +75.5% |
| Deferred charges and accrued income | 490/1 | €70,771 | €50,290 | -€20,481 | -28.9% |
| Total equity and liabilities | 10/49 | €7,144,144 | €7,313,010 | +€168,867 | +2.4% |
| Equity | 10/15 | €1,805,986 | -€1,011,012 | -€2.8m | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €893,000 | €846,000 | -€47,000 | -5.3% |
| Reserves | 13 | €48,860 | €95,860 | +€47,000 | +96.2% |
| Distributable reserves | 133 | €48,860 | €95,860 | +€47,000 | +96.2% |
| Profit (loss) carried forward | 14 | €845,526 | -€1,971,472 | -€2.8m | |
| Amounts payable | 17/49 | €5,338,157 | €8,324,023 | +€3.0m | +55.9% |
| Amounts payable after more than one year | 17 | €1,808,262 | €1,691,475 | -€116,787 | -6.5% |
| Financial debts | 170/4 | €1,808,262 | €1,691,475 | -€116,787 | -6.5% |
| Amounts payable within one year | 42/48 | €3,529,895 | €6,626,763 | +€3.1m | +87.7% |
| Current portion of amounts payable after more than one year | 42 | €289,252 | €424,098 | +€134,846 | +46.6% |
| Financial debts | 43 | €1,550,000 | €2,510,000 | +€960,000 | +61.9% |
| Credit institutions | 430/8 | €1,550,000 | €2,510,000 | +€960,000 | +61.9% |
| Trade debts | 44 | €1,504,570 | €3,432,219 | +€1.9m | +128.1% |
| Suppliers | 440/4 | €1,504,570 | €3,432,219 | +€1.9m | +128.1% |
| Taxes, remuneration and social security | 45 | €186,074 | €260,447 | +€74,373 | +40.0% |
| Taxes | 450/3 | €89,756 | €100,241 | +€10,486 | +11.7% |
| Remuneration and social security | 454/9 | €96,318 | €160,206 | +€63,887 | +66.3% |
| Accrued charges and deferred income | 492/3 | - | €5,785 | +€5,785 | |
| Remuneration, social security and pensions | 62 | €1,045,730 | €1,616,197 | +€570,467 | +54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,210 | €294,154 | +€88,944 | +43.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €340 | €35,000 | +€34,660 | +10194.1% |
| Other operating charges | 640/8 | €48,701 | €44,913 | -€3,789 | -7.8% |
| Non-recurring operating charges | 66A | - | €22,332 | +€22,332 | |
| Gross operating margin | 9900 | €1,449,138 | -€656,176 | -€2.1m | |
| Operating profit (loss) | 9901 | €149,156 | -€2,668,772 | -€2.8m | |
| Financial income | 75/76B | €30,854 | €28,838 | -€2,016 | -6.5% |
| Recurring financial income | 75 | €30,854 | €28,838 | -€2,016 | -6.5% |
| Financial charges | 65/66B | €147,485 | €174,587 | +€27,102 | +18.4% |
| Recurring financial charges | 65 | €147,485 | €174,587 | +€27,102 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €32,525 | -€2,814,521 | -€2.8m | |
| Income taxes | 67/77 | €30,151 | €2,478 | -€27,673 | -91.8% |
| Profit (loss) for the period | 9904 | €2,373 | -€2,816,999 | -€2.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,373 | -€2,816,999 | -€2.8m |
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 1 October 2026 via checked.be.