PROMACO: 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.
PROMACO
Largest movements
- Financial fixed assets +€212,581
up €212,581 (+97.0%), from €219,146 to €431,727
- Receivables within one year +€54,905
up €54,905 (+38.9%), from €140,965 to €195,870
of which Other amounts receivable: +€78,062
- Debts after one year +€129,746
up €129,746 (+332%), from €39,022 to €168,768
- Reserves +€106,830
up €106,830 (+41.0%), from €260,721 to €367,551
of which Distributable reserves: +€106,830
- Current portion of long-term debt +€28,380
up €28,380 (+105%), from €26,966 to €55,346
- Financial income +€82,147
up €82,147 (+821,472,600%), from €0 to €82,147
of which Non-recurring financial income: +€81,355
- Gross operating margin -€15,561
down €15,561 (-17.4%), from €89,638 to €74,077
- Financial charges +€6,195
up €6,195 (+265%), from €2,333 to €8,528
- Other operating charges +€2,522
up €2,522 (+220%), from €1,146 to €3,668
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.
Derived cash bridge
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 | €545,672 | €819,033 | +€273,361 | +50.1% |
| Fixed assets | 21/28 | €398,128 | €609,465 | +€211,336 | +53.1% |
| Tangible fixed assets | 22/27 | €178,982 | €177,738 | -€1,244 | -0.7% |
| Land and buildings | 22 | €167,361 | €163,948 | -€3,413 | -2.0% |
| Plant, machinery and equipment | 23 | €2,522 | €9,116 | +€6,594 | +261% |
| Furniture and vehicles | 24 | €9,099 | €4,674 | -€4,425 | -48.6% |
| Financial fixed assets | 28 | €219,146 | €431,727 | +€212,581 | +97.0% |
| Current assets | 29/58 | €147,543 | €209,568 | +€62,025 | +42.0% |
| Amounts receivable within one year | 40/41 | €140,965 | €195,870 | +€54,905 | +38.9% |
| Trade receivables | 40 | €35,541 | €12,384 | -€23,157 | -65.2% |
| Other amounts receivable | 41 | €105,424 | €183,486 | +€78,062 | +74.0% |
| Cash at bank and in hand | 54/58 | €4,629 | €11,882 | +€7,253 | +157% |
| Deferred charges and accrued income | 490/1 | €1,950 | €1,816 | -€134 | -6.8% |
| Total equity and liabilities | 10/49 | €545,672 | €819,033 | +€273,361 | +50.1% |
| Equity | 10/15 | €415,372 | €522,203 | +€106,830 | +25.7% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €260,721 | €367,551 | +€106,830 | +41.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €257,622 | €364,453 | +€106,830 | +41.5% |
| Profit (loss) carried forward | 14 | €123,665 | €123,665 | = | 0.0% |
| Amounts payable | 17/49 | €130,299 | €296,830 | +€166,531 | +128% |
| Amounts payable after more than one year | 17 | €39,022 | €168,768 | +€129,746 | +332% |
| Financial debts | 170/4 | €39,022 | €168,768 | +€129,746 | +332% |
| Amounts payable within one year | 42/48 | €91,277 | €128,062 | +€36,785 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €26,966 | €55,346 | +€28,380 | +105% |
| Trade debts | 44 | €3,997 | €3,476 | -€520 | -13.0% |
| Suppliers | 440/4 | €3,997 | €3,476 | -€520 | -13.0% |
| Advances received on contracts in progress | 46 | €3,630 | €10,890 | +€7,260 | +200% |
| Taxes, remuneration and social security | 45 | €13,159 | €17,741 | +€4,582 | +34.8% |
| Taxes | 450/3 | €11,159 | €15,741 | +€4,582 | +41.1% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €43,526 | €40,609 | -€2,917 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,521 | €13,091 | -€431 | -3.2% |
| Other operating charges | 640/8 | €1,146 | €3,668 | +€2,522 | +220% |
| Gross operating margin | 9900 | €89,638 | €74,077 | -€15,561 | -17.4% |
| Operating profit (loss) | 9901 | €74,971 | €57,319 | -€17,652 | -23.5% |
| Financial income | 75/76B | €0 | €82,147 | +€82,147 | +821,472,600% |
| Recurring financial income | 75 | €0 | €792 | +€792 | +7,922,200% |
| Non-recurring financial income | 76B | - | €81,355 | +€81,355 | |
| Financial charges | 65/66B | €2,333 | €8,528 | +€6,195 | +265% |
| Recurring financial charges | 65 | €2,333 | €8,528 | +€6,195 | +265% |
| Profit (loss) for the period before taxes | 9903 | €72,637 | €130,938 | +€58,300 | +80.3% |
| Income taxes | 67/77 | €24,141 | €24,107 | -€34 | -0.1% |
| Profit (loss) for the period | 9904 | €48,496 | €106,830 | +€58,334 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €48,496 | €106,830 | +€58,334 | +120% |
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 14 October 2026 via checked.be.