PROMAGEST: 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.
PROMAGEST
Largest movements
- Current investments -€600,000
down €600,000 (-99.2%), from €604,648 to €4,648
- Cash +€362,578
up €362,578 (+39.8%), from €911,369 to €1.3m
mainly Current investments (+€600,000) and Net result for the year (+€313,100)
- Stocks and contracts -€68,050
no longer reported in 2025 (was €68,050)
- Receivables within one year +€49,914
up €49,914 (+10.8%), from €461,403 to €511,317
of which Trade receivables: +€250,469
- Reserves -€304,495
down €304,495 (-13.6%), from €2.2m to €1.9m
of which Distributable reserves: -€304,495
- Gross operating margin -€36,405
down €36,405 (-6.0%), from €603,200 to €566,794
- Other operating charges -€7,478
down €7,478 (-41.0%), from €18,252 to €10,774
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 | €2,434,458 | €2,167,434 | -€267,024 | -11.0% |
| Fixed assets | 21/28 | €384,885 | €370,852 | -€14,033 | -3.6% |
| Tangible fixed assets | 22/27 | €6,439 | €1,315 | -€5,124 | -79.6% |
| Plant, machinery and equipment | 23 | €4,665 | €1,074 | -€3,591 | -77.0% |
| Furniture and vehicles | 24 | €1,774 | €241 | -€1,533 | -86.4% |
| Financial fixed assets | 28 | €378,446 | €369,537 | -€8,909 | -2.4% |
| Current assets | 29/58 | €2,049,573 | €1,796,582 | -€252,990 | -12.3% |
| Stocks and contracts in progress | 3 | €68,050 | - | -€68,050 | |
| Stocks | 30/36 | €68,050 | - | -€68,050 | |
| Amounts receivable within one year | 40/41 | €461,403 | €511,317 | +€49,914 | +10.8% |
| Trade receivables | 40 | €39,956 | €290,424 | +€250,469 | +627% |
| Other amounts receivable | 41 | €421,447 | €220,893 | -€200,555 | -47.6% |
| Current investments | 50/53 | €604,648 | €4,648 | -€600,000 | -99.2% |
| Cash at bank and in hand | 54/58 | €911,369 | €1,273,947 | +€362,578 | +39.8% |
| Deferred charges and accrued income | 490/1 | €4,102 | €6,670 | +€2,568 | +62.6% |
| Total equity and liabilities | 10/49 | €2,434,458 | €2,167,434 | -€267,024 | -11.0% |
| Equity | 10/15 | €2,396,352 | €2,091,857 | -€304,495 | -12.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €2,246,352 | €1,941,857 | -€304,495 | -13.6% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €2,231,352 | €1,926,857 | -€304,495 | -13.6% |
| Amounts payable | 17/49 | €38,106 | €75,577 | +€37,471 | +98.3% |
| Amounts payable within one year | 42/48 | €38,106 | €75,577 | +€37,471 | +98.3% |
| Trade debts | 44 | €2,121 | €4,579 | +€2,458 | +116% |
| Suppliers | 440/4 | €2,121 | €4,579 | +€2,458 | +116% |
| Taxes, remuneration and social security | 45 | €35,984 | €54,766 | +€18,782 | +52.2% |
| Taxes | 450/3 | €24,819 | €43,203 | +€18,383 | +74.1% |
| Remuneration and social security | 454/9 | €11,165 | €11,564 | +€399 | +3.6% |
| Other amounts payable | 47/48 | - | €16,231 | +€16,231 | |
| Remuneration, social security and pensions | 62 | €93,934 | €97,489 | +€3,555 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,671 | €5,124 | -€5,547 | -52.0% |
| Other operating charges | 640/8 | €18,252 | €10,774 | -€7,478 | -41.0% |
| Gross operating margin | 9900 | €603,200 | €566,794 | -€36,405 | -6.0% |
| Operating profit (loss) | 9901 | €480,343 | €453,407 | -€26,936 | -5.6% |
| Financial income | 75/76B | €26,701 | €26,614 | -€87 | -0.3% |
| Recurring financial income | 75 | €26,701 | €26,614 | -€87 | -0.3% |
| Financial charges | 65/66B | €15,905 | €12,921 | -€2,985 | -18.8% |
| Recurring financial charges | 65 | €15,905 | €12,921 | -€2,985 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €491,138 | €467,100 | -€24,039 | -4.9% |
| Income taxes | 67/77 | €158,141 | €154,000 | -€4,141 | -2.6% |
| Profit (loss) for the period | 9904 | €332,998 | €313,100 | -€19,898 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €332,998 | €313,100 | -€19,898 | -6.0% |
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 18 October 2026 via checked.be.