PROMAL: 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.
PROMAL
Largest movements
- Receivables within one year -€127,563
down €127,563 (-30.0%), from €424,559 to €296,995
of which Other amounts receivable: -€151,317
- Cash +€88,452
up €88,452 (+182.9%), from €48,372 to €136,824
mainly Receivables within one year (+€127,563) and Trade debts (+€71,914)
- Stocks and contracts -€32,544
down €32,544 (-13.0%), from €251,045 to €218,501
- Tangible fixed assets +€22,732
up €22,732 (+8.7%), from €262,401 to €285,134
of which Other tangible fixed assets: +€28,883
- Other debts -€105,000
down €105,000 (-77.8%), from €135,000 to €30,000
- Trade debts +€71,914
up €71,914 (+24.7%), from €291,045 to €362,959
- Short-term financial debts -€51,056
down €51,056 (-100.0%), from €51,056 to €0
- Reserves +€28,030
up €28,030 (+11.4%), from €246,563 to €274,592
of which Distributable reserves: +€28,030
- Tax, wage and social debts -€17,685
down €17,685 (-25.6%), from €69,028 to €51,344
of which Taxes: -€15,067
- Gross operating margin -€126,784
down €126,784 (-29.1%), from €435,504 to €308,720
- Taxes -€29,169
down €29,169 (-74.5%), from €39,134 to €9,965
- Staff costs -€11,473
down €11,473 (-6.0%), from €192,003 to €180,530
- Financial income +€5,293
up €5,293 (+69.6%), from €7,602 to €12,895
of which Financial income: +€4,694
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 | €989,494 | €944,139 | -€45,355 | -4.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €262,401 | €285,134 | +€22,732 | +8.7% |
| Tangible fixed assets | 22/27 | €262,401 | €285,134 | +€22,732 | +8.7% |
| Plant, machinery and equipment | 23 | €236,882 | €230,732 | -€6,150 | -2.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €25,519 | €54,402 | +€28,883 | +113.2% |
| Current assets | 29/58 | €727,092 | €659,006 | -€68,087 | -9.4% |
| Stocks and contracts in progress | 3 | €251,045 | €218,501 | -€32,544 | -13.0% |
| Stocks | 30/36 | €251,045 | €218,501 | -€32,544 | -13.0% |
| Amounts receivable within one year | 40/41 | €424,559 | €296,995 | -€127,563 | -30.0% |
| Trade receivables | 40 | €18,553 | €42,308 | +€23,754 | +128.0% |
| Other amounts receivable | 41 | €406,005 | €254,688 | -€151,317 | -37.3% |
| Current investments | 50/53 | €3,116 | €0 | -€3,116 | -100.0% |
| Cash at bank and in hand | 54/58 | €48,372 | €136,824 | +€88,452 | +182.9% |
| Deferred charges and accrued income | 490/1 | €0 | €6,685 | +€6,685 | |
| Total equity and liabilities | 10/49 | €989,494 | €944,139 | -€45,355 | -4.6% |
| Equity | 10/15 | €326,563 | €354,592 | +€28,030 | +8.6% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €246,563 | €274,592 | +€28,030 | +11.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €246,563 | €274,592 | +€28,030 | +11.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €662,931 | €589,547 | -€73,384 | -11.1% |
| Amounts payable after more than one year | 17 | €57,338 | €69,448 | +€12,111 | +21.1% |
| Financial debts | 170/4 | €57,338 | €69,448 | +€12,111 | +21.1% |
| Amounts payable within one year | 42/48 | €605,594 | €520,098 | -€85,495 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €59,464 | €75,542 | +€16,078 | +27.0% |
| Financial debts | 43 | €51,056 | €0 | -€51,056 | -100.0% |
| Credit institutions | 430/8 | €51,056 | €0 | -€51,056 | -100.0% |
| Trade debts | 44 | €291,045 | €362,959 | +€71,914 | +24.7% |
| Suppliers | 440/4 | €291,045 | €362,959 | +€71,914 | +24.7% |
| Advances received on contracts in progress | 46 | - | €253 | +€253 | |
| Taxes, remuneration and social security | 45 | €69,028 | €51,344 | -€17,685 | -25.6% |
| Taxes | 450/3 | €39,790 | €24,723 | -€15,067 | -37.9% |
| Remuneration and social security | 454/9 | €29,238 | €26,621 | -€2,617 | -9.0% |
| Other amounts payable | 47/48 | €135,000 | €30,000 | -€105,000 | -77.8% |
| Remuneration, social security and pensions | 62 | €192,003 | €180,530 | -€11,473 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,418 | €50,724 | +€306 | +0.6% |
| Other operating charges | 640/8 | €8,085 | €9,214 | +€1,128 | +14.0% |
| Gross operating margin | 9900 | €435,504 | €308,720 | -€126,784 | -29.1% |
| Operating profit (loss) | 9901 | €184,997 | €68,252 | -€116,745 | -63.1% |
| Financial income | 75/76B | €7,602 | €12,895 | +€5,293 | +69.6% |
| Recurring financial income | 75 | €6,332 | €11,026 | +€4,694 | +74.1% |
| Non-recurring financial income | 76B | €1,271 | €1,869 | +€599 | +47.1% |
| Financial charges | 65/66B | €10,469 | €13,152 | +€2,683 | +25.6% |
| Recurring financial charges | 65 | €10,469 | €13,152 | +€2,683 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €182,130 | €67,995 | -€114,135 | -62.7% |
| Income taxes | 67/77 | €39,134 | €9,965 | -€29,169 | -74.5% |
| Profit (loss) for the period | 9904 | €142,996 | €58,030 | -€84,966 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €142,996 | €58,030 | -€84,966 | -59.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.