PROLIVER: 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.
PROLIVER
Largest movements
- Tangible fixed assets +€2.3m
up €2.3m (+21.4%), from €10.8m to €13.1m
of which Plant, machinery and equipment: +€2.3m
- Cash -€1.5m
down €1.5m (-49.1%), from €3.0m to €1.5m
mainly Investment in fixed assets (net) (-€3.9m) and Contributions, distributions and other (-€3.0m)
- Current investments -€900,000
no longer reported in 2025 (was €900,000)
- Stocks and contracts +€435,068
up €435,068 (+21.7%), from €2.0m to €2.4m
- Short-term financial debts +€1.4m
new in 2025: €1.4m
- Debts after one year -€782,350
down €782,350 (-19.4%), from €4.0m to €3.3m
- Contributions -€733,999
down €733,999 (-48.9%), from €1.5m to €766,001
- Trade debts +€594,935
up €594,935 (+30.1%), from €2.0m to €2.6m
- Reserves +€266,394
up €266,394 (+2.8%), from €9.4m to €9.7m
of which Distributable reserves: +€266,394
- Depreciation +€257,402
up €257,402 (+18.8%), from €1.4m to €1.6m
- Gross operating margin +€166,012
up €166,012 (+2.5%), from €6.7m to €6.8m
- Taxes -€72,646
down €72,646 (-7.9%), from €916,536 to €843,890
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 | €18,528,953 | €19,094,542 | +€565,589 | +3.1% |
| Fixed assets | 21/28 | €10,784,702 | €13,097,014 | +€2.3m | +21.4% |
| Tangible fixed assets | 22/27 | €10,784,702 | €13,097,014 | +€2.3m | +21.4% |
| Land and buildings | 22 | €4,562,073 | €4,608,939 | +€46,866 | +1.0% |
| Plant, machinery and equipment | 23 | €6,006,163 | €8,304,833 | +€2.3m | +38.3% |
| Furniture and vehicles | 24 | €138,086 | €115,229 | -€22,857 | -16.6% |
| Leasing and similar rights | 25 | €78,380 | €68,013 | -€10,367 | -13.2% |
| Current assets | 29/58 | €7,744,251 | €5,997,528 | -€1.7m | -22.6% |
| Stocks and contracts in progress | 3 | €2,002,505 | €2,437,573 | +€435,068 | +21.7% |
| Stocks | 30/36 | €2,002,505 | €2,437,573 | +€435,068 | +21.7% |
| Amounts receivable within one year | 40/41 | €1,743,829 | €1,877,341 | +€133,512 | +7.7% |
| Trade receivables | 40 | €1,492,203 | €1,364,493 | -€127,710 | -8.6% |
| Other amounts receivable | 41 | €251,626 | €512,847 | +€261,221 | +103.8% |
| Current investments | 50/53 | €900,000 | - | -€900,000 | |
| Cash at bank and in hand | 54/58 | €3,017,033 | €1,536,500 | -€1.5m | -49.1% |
| Deferred charges and accrued income | 490/1 | €80,884 | €146,113 | +€65,229 | +80.6% |
| Total equity and liabilities | 10/49 | €18,528,953 | €19,094,542 | +€565,589 | +3.1% |
| Equity | 10/15 | €11,086,044 | €10,596,979 | -€489,065 | -4.4% |
| Contributions | 10/11 | €1,500,000 | €766,001 | -€733,999 | -48.9% |
| Reserves | 13 | €9,439,319 | €9,705,713 | +€266,394 | +2.8% |
| Tax-exempt reserves | 132 | €734,700 | €734,700 | = | 0.0% |
| Distributable reserves | 133 | €8,704,619 | €8,971,013 | +€266,394 | +3.1% |
| Investment grants | 15 | €146,724 | €125,265 | -€21,460 | -14.6% |
| Amounts payable | 17/49 | €7,442,909 | €8,497,563 | +€1.1m | +14.2% |
| Amounts payable after more than one year | 17 | €4,041,245 | €3,258,896 | -€782,350 | -19.4% |
| Financial debts | 170/4 | €4,041,245 | €3,258,896 | -€782,350 | -19.4% |
| Amounts payable within one year | 42/48 | €3,401,664 | €5,211,008 | +€1.8m | +53.2% |
| Current portion of amounts payable after more than one year | 42 | €823,862 | €809,287 | -€14,575 | -1.8% |
| Financial debts | 43 | - | €1,417,368 | +€1.4m | |
| Credit institutions | 430/8 | - | €1,417,368 | +€1.4m | |
| Trade debts | 44 | €1,979,542 | €2,574,477 | +€594,935 | +30.1% |
| Suppliers | 440/4 | €1,979,542 | €2,574,477 | +€594,935 | +30.1% |
| Advances received on contracts in progress | 46 | €157,332 | €160,216 | +€2,884 | +1.8% |
| Taxes, remuneration and social security | 45 | €440,928 | €249,660 | -€191,268 | -43.4% |
| Taxes | 450/3 | €246,008 | €20,833 | -€225,175 | -91.5% |
| Remuneration and social security | 454/9 | €194,920 | €228,826 | +€33,907 | +17.4% |
| Accrued charges and deferred income | 492/3 | - | €27,660 | +€27,660 | |
| Non-recurring operating income | 76A | €13,028 | €649 | -€12,379 | -95.0% |
| Remuneration, social security and pensions | 62 | €1,691,227 | €1,681,543 | -€9,684 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,367,771 | €1,625,174 | +€257,402 | +18.8% |
| Other operating charges | 640/8 | €33,270 | €40,307 | +€7,037 | +21.2% |
| Non-recurring operating charges | 66A | €49,943 | €6,212 | -€43,731 | -87.6% |
| Gross operating margin | 9900 | €6,654,097 | €6,820,109 | +€166,012 | +2.5% |
| Operating profit (loss) | 9901 | €3,511,885 | €3,466,874 | -€45,012 | -1.3% |
| Financial income | 75/76B | €44,839 | €33,249 | -€11,591 | -25.8% |
| Recurring financial income | 75 | €44,839 | €33,249 | -€11,591 | -25.8% |
| Financial charges | 65/66B | €87,073 | €123,837 | +€36,764 | +42.2% |
| Recurring financial charges | 65 | €87,073 | €123,837 | +€36,764 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €3,469,652 | €3,376,285 | -€93,367 | -2.7% |
| Income taxes | 67/77 | €916,536 | €843,890 | -€72,646 | -7.9% |
| Profit (loss) for the period | 9904 | €2,553,116 | €2,532,395 | -€20,721 | -0.8% |
| Transfer to tax-exempt reserves | 689 | €734,700 | - | -€734,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,818,416 | €2,532,395 | +€713,979 | +39.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.