Promaco: 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.
Promaco
Largest movements
- Financial fixed assets -€493,559
down €493,559 (-97.1%), from €508,559 to €15,000
- Tangible fixed assets -€47,629
down €47,629 (-3.6%), from €1.3m to €1.3m
of which Land and buildings: -€32,586
- Receivables within one year +€19,899
up €19,899 (+292.6%), from €6,802 to €26,701
- Profit (loss) carried forward -€426,370
down €426,370, from €61,644 to -€364,725
- Other debts -€95,391
down €95,391 (-31.1%), from €306,564 to €211,174
- Financial charges +€447,574
up €447,574 (+2120.4%), from €21,108 to €468,682
of which Non-recurring financial charges: +€444,169
- Gross operating margin -€17,878
down €17,878 (-10.4%), from €172,441 to €154,563
- Taxes -€13,609
down €13,609 (-42.4%), from €32,060 to €18,451
- Other operating charges +€8,903
up €8,903 (+74.4%), from €11,973 to €20,876
- Staff costs -€7,973
down €7,973 (-99.9%), from €7,981 to €8
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,860,620 | €1,333,518 | -€527,102 | -28.3% |
| Fixed assets | 21/28 | €1,844,953 | €1,303,765 | -€541,188 | -29.3% |
| Tangible fixed assets | 22/27 | €1,336,394 | €1,288,765 | -€47,629 | -3.6% |
| Land and buildings | 22 | €1,268,042 | €1,235,455 | -€32,586 | -2.6% |
| Plant, machinery and equipment | 23 | €12,400 | €10,612 | -€1,788 | -14.4% |
| Furniture and vehicles | 24 | €12,935 | €9,099 | -€3,836 | -29.7% |
| Other tangible fixed assets | 26 | €43,017 | €33,599 | -€9,419 | -21.9% |
| Financial fixed assets | 28 | €508,559 | €15,000 | -€493,559 | -97.1% |
| Current assets | 29/58 | €15,668 | €29,753 | +€14,086 | +89.9% |
| Amounts receivable within one year | 40/41 | €6,802 | €26,701 | +€19,899 | +292.6% |
| Trade receivables | 40 | €6,802 | €26,701 | +€19,899 | +292.6% |
| Cash at bank and in hand | 54/58 | €7,784 | €1,715 | -€6,069 | -78.0% |
| Deferred charges and accrued income | 490/1 | €1,082 | €1,337 | +€255 | +23.6% |
| Total equity and liabilities | 10/49 | €1,860,620 | €1,333,518 | -€527,102 | -28.3% |
| Equity | 10/15 | €1,453,606 | €1,026,020 | -€427,586 | -29.4% |
| Contributions | 10/11 | €950,224 | €950,224 | = | 0.0% |
| Reserves | 13 | €441,738 | €440,522 | -€1,216 | -0.3% |
| Tax-exempt reserves | 132 | €51,901 | €50,685 | -€1,216 | -2.3% |
| Distributable reserves | 133 | €389,837 | €389,837 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,644 | -€364,725 | -€426,370 | |
| Provisions and deferred taxes | 16 | €4,967 | €4,561 | -€405 | -8.2% |
| Deferred taxes | 168 | €4,967 | €4,561 | -€405 | -8.2% |
| Amounts payable | 17/49 | €402,048 | €302,937 | -€99,111 | -24.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €402,043 | €302,937 | -€99,106 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €10,484 | €0 | -€10,484 | -100.0% |
| Trade debts | 44 | €47,029 | €52,873 | +€5,844 | +12.4% |
| Suppliers | 440/4 | €47,029 | €52,873 | +€5,844 | +12.4% |
| Taxes, remuneration and social security | 45 | €37,966 | €38,891 | +€925 | +2.4% |
| Taxes | 450/3 | €37,966 | €38,891 | +€925 | +2.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €306,564 | €211,174 | -€95,391 | -31.1% |
| Accrued charges and deferred income | 492/3 | €5 | €0 | -€5 | -100.0% |
| Non-recurring operating income | 76A | €0 | €35,166 | +€35,166 | |
| Remuneration, social security and pensions | 62 | €7,981 | €8 | -€7,973 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,891 | €74,564 | -€6,327 | -7.8% |
| Other operating charges | 640/8 | €11,973 | €20,876 | +€8,903 | +74.4% |
| Non-recurring operating charges | 66A | €1,347 | €0 | -€1,347 | -100.0% |
| Gross operating margin | 9900 | €172,441 | €154,563 | -€17,878 | -10.4% |
| Operating profit (loss) | 9901 | €70,249 | €59,116 | -€11,133 | -15.8% |
| Financial income | 75/76B | €4 | €26 | +€22 | +559.5% |
| Recurring financial income | 75 | €4 | €26 | +€22 | +559.5% |
| Financial charges | 65/66B | €21,108 | €468,682 | +€447,574 | +2120.4% |
| Recurring financial charges | 65 | €21,108 | €24,513 | +€3,405 | +16.1% |
| Non-recurring financial charges | 66B | - | €444,169 | +€444,169 | |
| Profit (loss) for the period before taxes | 9903 | €49,145 | -€409,540 | -€458,685 | |
| Transfer from deferred taxes | 780 | €405 | €405 | = | 0.0% |
| Income taxes | 67/77 | €32,060 | €18,451 | -€13,609 | -42.4% |
| Profit (loss) for the period | 9904 | €17,490 | -€427,586 | -€445,076 | |
| Transfer from tax-exempt reserves | 789 | €1,216 | €1,216 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,706 | -€426,370 | -€445,076 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.