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.
What changed
PROMACO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€54,932
2024 · €28,070-€83,003
Equity
€1.6m
2024 · €1.7m-€54,932
Cash
€15,460
2024 · €24,213-€8,753
Balance sheet total
€3.0m
2024 · €3.0m+€47,941
Largest movements
Assets
- Tangible fixed assets +€39,099
up €39,099 (+4.5%), from €877,704 to €916,803
of which Land and buildings: +€53,298
Equity and liabilities
- Other debts +€344,533
up €344,533 (+164.4%), from €209,568 to €554,101
- Debts after one year -€248,123
down €248,123 (-34.4%), from €721,093 to €472,970
- Profit (loss) carried forward -€43,030
down €43,030 (-9.6%), from €447,895 to €404,865
Income statement
- Gross operating margin -€106,019
down €106,019 (-63.0%), from €168,192 to €62,173
- Other operating charges +€12,163
up €12,163 (+269.6%), from €4,512 to €16,675
- Financial income +€9,955
up €9,955 (+24628.1%), from €40 to €9,995
- Financial charges -€8,889
down €8,889 (-22.1%), from €40,235 to €31,346
of which Financial charges: -€8,889
- Depreciation +€2,219
up €2,219 (+3.4%), from €65,360 to €67,579
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.
Result 2024
€28,070
Gross operating margin
-€106,019
Depreciation
-€2,219
Other operating charges
-€12,163
Other operating items
+€20,000
Financial income
+€9,955
Financial charges
+€8,889
Taxes
-€1,445
Result 2025
-€54,932
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.
From operations
+€355,668
Investment
-€106,678
Financing
-€257,743
Cash 2024
€24,213
From operations (derived)
+€355,668
Net result for the year
-€54,932
Depreciation
+€67,579
Receivables within one year
-€17,594
Provisions
-€3,968
Trade debts
+€12,496
Tax, wage and social debts
+€7,555
Other debts
+€344,533
Investment (derived)
-€106,678
Investment in fixed assets (net)
-€106,678
Financing
-€257,743
Debts after one year
-€248,123
Current portion of long-term debt
+€5,093
Short-term financial debts
-€14,712
Cash 2025
€15,460
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,959,007 | €3,006,947 | +€47,941 | +1.6% |
| Fixed assets | 21/28 | €2,890,204 | €2,929,303 | +€39,099 | +1.4% |
| Tangible fixed assets | 22/27 | €877,704 | €916,803 | +€39,099 | +4.5% |
| Land and buildings | 22 | €841,647 | €894,945 | +€53,298 | +6.3% |
| Furniture and vehicles | 24 | €22,857 | €21,858 | -€998 | -4.4% |
| Leasing and similar rights | 25 | €13,200 | €0 | -€13,200 | -100.0% |
| Financial fixed assets | 28 | €2,012,500 | €2,012,500 | = | 0.0% |
| Current assets | 29/58 | €68,803 | €77,644 | +€8,841 | +12.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €44,590 | €62,185 | +€17,594 | +39.5% |
| Trade receivables | 40 | €24,067 | €51,940 | +€27,873 | +115.8% |
| Other amounts receivable | 41 | €20,524 | €10,245 | -€10,279 | -50.1% |
| Cash at bank and in hand | 54/58 | €24,213 | €15,460 | -€8,753 | -36.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,959,007 | €3,006,947 | +€47,941 | +1.6% |
| Equity | 10/15 | €1,704,469 | €1,649,537 | -€54,932 | -3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,250,374 | €1,238,472 | -€11,903 | -1.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €510,416 | €498,513 | -€11,903 | -2.3% |
| Distributable reserves | 133 | €738,098 | €738,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | €447,895 | €404,865 | -€43,030 | -9.6% |
| Provisions and deferred taxes | 16 | €64,045 | €60,077 | -€3,968 | -6.2% |
| Deferred taxes | 168 | €64,045 | €60,077 | -€3,968 | -6.2% |
| Amounts payable | 17/49 | €1,190,493 | €1,297,333 | +€106,841 | +9.0% |
| Amounts payable after more than one year | 17 | €721,093 | €472,970 | -€248,123 | -34.4% |
| Financial debts | 170/4 | €721,093 | €472,970 | -€248,123 | -34.4% |
| Amounts payable within one year | 42/48 | €469,400 | €824,363 | +€354,963 | +75.6% |
| Current portion of amounts payable after more than one year | 42 | €243,030 | €248,123 | +€5,093 | +2.1% |
| Financial debts | 43 | €14,712 | €0 | -€14,712 | -100.0% |
| Credit institutions | 430/8 | €14,712 | €0 | -€14,712 | -100.0% |
| Trade debts | 44 | €2,089 | €14,584 | +€12,496 | +598.3% |
| Suppliers | 440/4 | €2,089 | €14,584 | +€12,496 | +598.3% |
| Taxes, remuneration and social security | 45 | €0 | €7,555 | +€7,555 | +75551300.0% |
| Taxes | 450/3 | €0 | €7,555 | +€7,555 | +75551300.0% |
| Other amounts payable | 47/48 | €209,568 | €554,101 | +€344,533 | +164.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €18,659 | +€18,659 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,360 | €67,579 | +€2,219 | +3.4% |
| Other operating charges | 640/8 | €4,512 | €16,675 | +€12,163 | +269.6% |
| Non-recurring operating charges | 66A | €20,000 | €0 | -€20,000 | -100.0% |
| Gross operating margin | 9900 | €168,192 | €62,173 | -€106,019 | -63.0% |
| Operating profit (loss) | 9901 | €78,321 | -€22,081 | -€100,401 | |
| Financial income | 75/76B | €40 | €9,995 | +€9,955 | +24628.1% |
| Recurring financial income | 75 | €40 | €9,995 | +€9,955 | +24628.1% |
| Financial charges | 65/66B | €40,235 | €31,346 | -€8,889 | -22.1% |
| Recurring financial charges | 65 | €40,235 | €31,346 | -€8,889 | -22.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €38,126 | -€43,431 | -€81,558 | |
| Transfer from deferred taxes | 780 | €3,968 | €3,968 | = | 0.0% |
| Income taxes | 67/77 | €14,023 | €15,469 | +€1,445 | +10.3% |
| Profit (loss) for the period | 9904 | €28,070 | -€54,932 | -€83,003 | |
| Transfer from tax-exempt reserves | 789 | €11,903 | €11,903 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €39,973 | -€43,030 | -€83,003 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.