PROMAGO: 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.
PROMAGO
Largest movements
- Tangible fixed assets +€366,769
up €366,769 (+18.9%), from €1.9m to €2.3m
of which Land and buildings: +€370,705
- Cash +€35,200
up €35,200 (+32.2%), from €109,364 to €144,564
mainly Debts after one year (+€251,646) and Other debts (+€186,002)
- Current investments +€35,000
up €35,000 (+29.6%), from €118,328 to €153,328
- Debts after one year +€251,646
up €251,646 (+19.7%), from €1.3m to €1.5m
of which Financial debts: +€250,761
- Other debts +€186,002
up €186,002 (+196.8%), from €94,492 to €280,494
- Reserves -€34,370
down €34,370 (-5.1%), from €667,792 to €633,422
of which Distributable reserves: -€34,370
- Other operating charges +€34,339
up €34,339 (+98.8%), from €34,771 to €69,110
- Provisions +€24,200
no longer reported in 2025 (was -€24,200)
- Taxes -€18,515
down €18,515 (-29.8%), from €62,185 to €43,670
- Depreciation +€9,041
up €9,041 (+9.3%), from €97,341 to €106,382
- Financial charges -€6,732
down €6,732 (-22.6%), from €29,793 to €23,061
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 | €2,249,447 | €2,662,577 | +€413,130 | +18.4% |
| Fixed assets | 21/28 | €1,942,952 | €2,309,722 | +€366,769 | +18.9% |
| Tangible fixed assets | 22/27 | €1,942,952 | €2,309,722 | +€366,769 | +18.9% |
| Land and buildings | 22 | €1,917,563 | €2,288,267 | +€370,705 | +19.3% |
| Furniture and vehicles | 24 | €6,487 | €4,690 | -€1,797 | -27.7% |
| Other tangible fixed assets | 26 | €18,903 | €16,764 | -€2,138 | -11.3% |
| Current assets | 29/58 | €306,495 | €352,855 | +€46,360 | +15.1% |
| Amounts receivable within one year | 40/41 | €76,972 | €53,110 | -€23,862 | -31.0% |
| Trade receivables | 40 | €69,892 | €32,681 | -€37,212 | -53.2% |
| Other amounts receivable | 41 | €7,079 | €20,429 | +€13,350 | +188.6% |
| Current investments | 50/53 | €118,328 | €153,328 | +€35,000 | +29.6% |
| Cash at bank and in hand | 54/58 | €109,364 | €144,564 | +€35,200 | +32.2% |
| Deferred charges and accrued income | 490/1 | €1,831 | €1,853 | +€23 | +1.2% |
| Total equity and liabilities | 10/49 | €2,249,447 | €2,662,577 | +€413,130 | +18.4% |
| Equity | 10/15 | €686,392 | €652,022 | -€34,370 | -5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €667,792 | €633,422 | -€34,370 | -5.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €665,932 | €631,562 | -€34,370 | -5.2% |
| Amounts payable | 17/49 | €1,563,055 | €2,010,554 | +€447,499 | +28.6% |
| Amounts payable after more than one year | 17 | €1,275,707 | €1,527,353 | +€251,646 | +19.7% |
| Financial debts | 170/4 | €1,260,662 | €1,511,424 | +€250,761 | +19.9% |
| Other amounts payable | 178/9 | €15,045 | €15,930 | +€885 | +5.9% |
| Amounts payable within one year | 42/48 | €278,167 | €475,719 | +€197,552 | +71.0% |
| Current portion of amounts payable after more than one year | 42 | €122,102 | €132,916 | +€10,814 | +8.9% |
| Trade debts | 44 | €56,235 | €62,308 | +€6,073 | +10.8% |
| Suppliers | 440/4 | €56,235 | €62,308 | +€6,073 | +10.8% |
| Taxes, remuneration and social security | 45 | €5,338 | - | -€5,338 | |
| Taxes | 450/3 | €5,338 | - | -€5,338 | |
| Other amounts payable | 47/48 | €94,492 | €280,494 | +€186,002 | +196.8% |
| Accrued charges and deferred income | 492/3 | €9,181 | €7,482 | -€1,698 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,341 | €106,382 | +€9,041 | +9.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€24,200 | - | +€24,200 | |
| Other operating charges | 640/8 | €34,771 | €69,110 | +€34,339 | +98.8% |
| Gross operating margin | 9900 | €345,274 | €347,036 | +€1,762 | +0.5% |
| Operating profit (loss) | 9901 | €237,362 | €171,544 | -€65,818 | -27.7% |
| Financial charges | 65/66B | €29,793 | €23,061 | -€6,732 | -22.6% |
| Recurring financial charges | 65 | €29,793 | €23,061 | -€6,732 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €207,569 | €148,483 | -€59,086 | -28.5% |
| Income taxes | 67/77 | €62,185 | €43,670 | -€18,515 | -29.8% |
| Profit (loss) for the period | 9904 | €145,384 | €104,814 | -€40,570 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €145,384 | €104,814 | -€40,570 | -27.9% |
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 10 October 2026 via checked.be.