PROMAD: 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.
PROMAD
Largest movements
- Tangible fixed assets +€842,840
up €842,840 (+4470.2%), from €18,855 to €861,694
of which Land and buildings: +€852,062
- Current investments -€230,000
no longer reported in 2025 (was €230,000)
- Cash +€53,985
up €53,985 (+129.0%), from €41,843 to €95,828
mainly Debts after one year (+€710,000) and Current investments (+€230,000)
- Receivables within one year +€25,035
up €25,035 (+145.8%), from €17,166 to €42,200
of which Other amounts receivable: +€18,000
- Deferred charges and accrued income +€23,207
up €23,207 (+11213.9%), from €207 to €23,414
- Debts after one year +€710,000
new in 2025: €710,000
- Reserves -€134,161
down €134,161 (-46.2%), from €290,663 to €156,502
- Other debts +€117,588
up €117,588 (+14564.0%), from €807 to €118,396
- Tax, wage and social debts +€19,200
up €19,200 (+243.3%), from €7,892 to €27,092
- Other operating charges +€89,390
up €89,390 (+13935.8%), from €641 to €90,031
- Gross operating margin -€53,503
down €53,503 (-31.5%), from €170,001 to €116,498
- Taxes -€26,000
down €26,000 (-83.2%), from €31,268 to €5,268
- Depreciation +€15,117
up €15,117 (+316.0%), from €4,783 to €19,900
- Financial income -€3,365
down €3,365 (-79.6%), from €4,226 to €861
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 | €308,070 | €1,023,137 | +€715,067 | +232.1% |
| Fixed assets | 21/28 | €18,855 | €861,694 | +€842,840 | +4470.2% |
| Tangible fixed assets | 22/27 | €18,855 | €861,694 | +€842,840 | +4470.2% |
| Land and buildings | 22 | - | €852,062 | +€852,062 | |
| Plant, machinery and equipment | 23 | €2,667 | €7,173 | +€4,506 | +168.9% |
| Furniture and vehicles | 24 | €16,187 | €2,459 | -€13,728 | -84.8% |
| Current assets | 29/58 | €289,216 | €161,443 | -€127,773 | -44.2% |
| Amounts receivable within one year | 40/41 | €17,166 | €42,200 | +€25,035 | +145.8% |
| Trade receivables | 40 | €17,166 | €24,200 | +€7,035 | +41.0% |
| Other amounts receivable | 41 | - | €18,000 | +€18,000 | |
| Current investments | 50/53 | €230,000 | - | -€230,000 | |
| Cash at bank and in hand | 54/58 | €41,843 | €95,828 | +€53,985 | +129.0% |
| Deferred charges and accrued income | 490/1 | €207 | €23,414 | +€23,207 | +11213.9% |
| Total equity and liabilities | 10/49 | €308,070 | €1,023,137 | +€715,067 | +232.1% |
| Equity | 10/15 | €296,663 | €162,502 | -€134,161 | -45.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €290,663 | €156,502 | -€134,161 | -46.2% |
| Distributable reserves | 133 | €290,663 | €156,502 | -€134,161 | -46.2% |
| Amounts payable | 17/49 | €11,408 | €860,635 | +€849,227 | +7444.4% |
| Amounts payable after more than one year | 17 | - | €710,000 | +€710,000 | |
| Financial debts | 170/4 | - | €710,000 | +€710,000 | |
| Amounts payable within one year | 42/48 | €11,408 | €150,635 | +€139,227 | +1220.5% |
| Trade debts | 44 | €2,708 | €5,147 | +€2,439 | +90.0% |
| Suppliers | 440/4 | €2,708 | €5,147 | +€2,439 | +90.0% |
| Taxes, remuneration and social security | 45 | €7,892 | €27,092 | +€19,200 | +243.3% |
| Taxes | 450/3 | €7,892 | €27,092 | +€19,200 | +243.3% |
| Other amounts payable | 47/48 | €807 | €118,396 | +€117,588 | +14564.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,783 | €19,900 | +€15,117 | +316.0% |
| Other operating charges | 640/8 | €641 | €90,031 | +€89,390 | +13935.8% |
| Gross operating margin | 9900 | €170,001 | €116,498 | -€53,503 | -31.5% |
| Operating profit (loss) | 9901 | €164,576 | €6,567 | -€158,009 | -96.0% |
| Financial income | 75/76B | €4,226 | €861 | -€3,365 | -79.6% |
| Recurring financial income | 75 | €4,226 | €861 | -€3,365 | -79.6% |
| Financial charges | 65/66B | €52 | €71 | +€19 | +37.1% |
| Recurring financial charges | 65 | €52 | €71 | +€19 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | €168,751 | €7,357 | -€161,393 | -95.6% |
| Income taxes | 67/77 | €31,268 | €5,268 | -€26,000 | -83.2% |
| Profit (loss) for the period | 9904 | €137,483 | €2,089 | -€135,393 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €137,483 | €2,089 | -€135,393 | -98.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.