PROMAD: 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.
PROMAD
Largest movements
- Receivables within one year +€97,302
up €97,302 (+137.2%), from €70,929 to €168,231
of which Trade receivables: +€125,755
- Cash -€95,138
down €95,138 (-31.5%), from €302,360 to €207,222
mainly Receivables within one year (-€97,302) and Contributions, distributions and other (-€54,188)
- Tangible fixed assets -€15,221
down €15,221 (-9.5%), from €159,903 to €144,683
of which Leasing and similar rights: -€11,669
- Reserves +€41,478
up €41,478 (+18.3%), from €227,021 to €268,500
- Other debts -€40,061
down €40,061 (-42.5%), from €94,249 to €54,188
- Debts after one year -€32,299
down €32,299 (-25.0%), from €129,354 to €97,054
- Tax, wage and social debts +€10,758
up €10,758 (+23.3%), from €46,216 to €56,973
- Gross operating margin +€10,484
up €10,484 (+7.2%), from €144,805 to €155,289
- Depreciation -€4,601
down €4,601 (-21.0%), from €21,954 to €17,353
- Taxes +€2,290
up €2,290 (+6.8%), from €33,755 to €36,045
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 | €544,656 | €530,671 | -€13,986 | -2.6% |
| Fixed assets | 21/28 | €159,903 | €144,683 | -€15,221 | -9.5% |
| Tangible fixed assets | 22/27 | €159,903 | €144,683 | -€15,221 | -9.5% |
| Land and buildings | 22 | €115,311 | €111,819 | -€3,492 | -3.0% |
| Plant, machinery and equipment | 23 | €733 | €33 | -€700 | -95.5% |
| Furniture and vehicles | 24 | €3,019 | €3,659 | +€640 | +21.2% |
| Leasing and similar rights | 25 | €40,841 | €29,172 | -€11,669 | -28.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €384,753 | €385,988 | +€1,235 | +0.3% |
| Amounts receivable within one year | 40/41 | €70,929 | €168,231 | +€97,302 | +137.2% |
| Trade receivables | 40 | €26,240 | €151,995 | +€125,755 | +479.3% |
| Other amounts receivable | 41 | €44,689 | €16,236 | -€28,453 | -63.7% |
| Cash at bank and in hand | 54/58 | €302,360 | €207,222 | -€95,138 | -31.5% |
| Deferred charges and accrued income | 490/1 | €11,464 | €10,535 | -€929 | -8.1% |
| Total equity and liabilities | 10/49 | €544,656 | €530,671 | -€13,986 | -2.6% |
| Equity | 10/15 | €233,271 | €274,750 | +€41,478 | +17.8% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €227,021 | €268,500 | +€41,478 | +18.3% |
| Distributable reserves | 133 | €227,021 | €268,500 | +€41,478 | +18.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €311,385 | €255,921 | -€55,464 | -17.8% |
| Amounts payable after more than one year | 17 | €129,354 | €97,054 | -€32,299 | -25.0% |
| Financial debts | 170/4 | €129,354 | €97,054 | -€32,299 | -25.0% |
| Amounts payable within one year | 42/48 | €181,230 | €154,146 | -€27,084 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €38,197 | €39,030 | +€833 | +2.2% |
| Trade debts | 44 | €2,569 | €3,954 | +€1,385 | +53.9% |
| Suppliers | 440/4 | €2,569 | €3,954 | +€1,385 | +53.9% |
| Taxes, remuneration and social security | 45 | €46,216 | €56,973 | +€10,758 | +23.3% |
| Taxes | 450/3 | €46,216 | €56,973 | +€10,758 | +23.3% |
| Other amounts payable | 47/48 | €94,249 | €54,188 | -€40,061 | -42.5% |
| Accrued charges and deferred income | 492/3 | €801 | €4,721 | +€3,920 | +489.3% |
| Non-recurring operating income | 76A | €6,360 | €0 | -€6,360 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,954 | €17,353 | -€4,601 | -21.0% |
| Other operating charges | 640/8 | €3,158 | €2,789 | -€369 | -11.7% |
| Gross operating margin | 9900 | €144,805 | €155,289 | +€10,484 | +7.2% |
| Operating profit (loss) | 9901 | €119,694 | €135,147 | +€15,453 | +12.9% |
| Financial income | 75/76B | €2,863 | €2,516 | -€347 | -12.1% |
| Recurring financial income | 75 | €2,863 | €2,516 | -€347 | -12.1% |
| Financial charges | 65/66B | €6,509 | €5,952 | -€557 | -8.6% |
| Recurring financial charges | 65 | €6,509 | €5,952 | -€557 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €116,048 | €131,712 | +€15,664 | +13.5% |
| Income taxes | 67/77 | €33,755 | €36,045 | +€2,290 | +6.8% |
| Profit (loss) for the period | 9904 | €82,293 | €95,667 | +€13,374 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,293 | €95,667 | +€13,374 | +16.3% |
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 11 October 2026 via checked.be.