PROMALU: 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.
PROMALU
Largest movements
- Receivables within one year -€47,390
down €47,390 (-9.1%), from €521,045 to €473,655
of which Trade receivables: -€24,940
- Stocks and contracts +€21,228
up €21,228 (+7.0%), from €303,335 to €324,562
of which Stocks: +€118,619
- Cash -€14,936
down €14,936 (-92.3%), from €16,191 to €1,254
mainly Trade debts (-€67,304) and Debts after one year (-€50,000)
- Trade debts -€67,304
down €67,304 (-16.6%), from €405,125 to €337,821
- Other debts +€51,057
up €51,057 (+60,209%), from €85 to €51,142
- Debts after one year -€50,000
down €50,000 (-44.4%), from €112,500 to €62,500
- Tax, wage and social debts +€16,243
up €16,243 (+11.2%), from €144,704 to €160,948
of which Taxes: +€14,023
- Profit (loss) carried forward +€12,584
up €12,584 (+12.6%), from -€99,542 to -€86,959
- Gross operating margin +€386,853
up €386,853 (+161%), from €240,079 to €626,932
- Write-downs +€69,455
new in 2025: €69,455
- Staff costs +€56,096
up €56,096 (+12.3%), from €456,244 to €512,340
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 | €863,328 | €825,691 | -€37,638 | -4.4% |
| Fixed assets | 21/28 | €20,834 | €20,177 | -€657 | -3.2% |
| Intangible fixed assets | 21 | €1,412 | €292 | -€1,120 | -79.3% |
| Tangible fixed assets | 22/27 | €19,422 | €19,885 | +€463 | +2.4% |
| Plant, machinery and equipment | 23 | €6,624 | €8,195 | +€1,572 | +23.7% |
| Furniture and vehicles | 24 | €4,692 | €4,404 | -€288 | -6.1% |
| Other tangible fixed assets | 26 | €8,106 | €7,286 | -€820 | -10.1% |
| Current assets | 29/58 | €842,494 | €805,513 | -€36,981 | -4.4% |
| Stocks and contracts in progress | 3 | €303,335 | €324,562 | +€21,228 | +7.0% |
| Stocks | 30/36 | €184,482 | €303,102 | +€118,619 | +64.3% |
| Contracts in progress | 37 | €118,852 | €21,460 | -€97,392 | -81.9% |
| Amounts receivable within one year | 40/41 | €521,045 | €473,655 | -€47,390 | -9.1% |
| Trade receivables | 40 | €236,186 | €211,247 | -€24,940 | -10.6% |
| Other amounts receivable | 41 | €284,859 | €262,409 | -€22,450 | -7.9% |
| Cash at bank and in hand | 54/58 | €16,191 | €1,254 | -€14,936 | -92.3% |
| Deferred charges and accrued income | 490/1 | €1,924 | €6,041 | +€4,118 | +214% |
| Total equity and liabilities | 10/49 | €863,328 | €825,691 | -€37,638 | -4.4% |
| Equity | 10/15 | -€64,542 | -€51,959 | +€12,584 | +19.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,542 | -€86,959 | +€12,584 | +12.6% |
| Provisions and deferred taxes | 16 | €65,238 | €65,238 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €65,238 | €65,238 | = | 0.0% |
| Other liabilities and charges | 164/5 | €65,238 | €65,238 | = | 0.0% |
| Amounts payable | 17/49 | €862,632 | €812,411 | -€50,221 | -5.8% |
| Amounts payable after more than one year | 17 | €112,500 | €62,500 | -€50,000 | -44.4% |
| Financial debts | 170/4 | €112,500 | €62,500 | -€50,000 | -44.4% |
| Amounts payable within one year | 42/48 | €750,132 | €749,911 | -€221 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €50,218 | €50,000 | -€218 | -0.4% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €405,125 | €337,821 | -€67,304 | -16.6% |
| Suppliers | 440/4 | €405,125 | €337,821 | -€67,304 | -16.6% |
| Taxes, remuneration and social security | 45 | €144,704 | €160,948 | +€16,243 | +11.2% |
| Taxes | 450/3 | €46,700 | €60,723 | +€14,023 | +30.0% |
| Remuneration and social security | 454/9 | €98,005 | €100,225 | +€2,220 | +2.3% |
| Other amounts payable | 47/48 | €85 | €51,142 | +€51,057 | +60,209% |
| Remuneration, social security and pensions | 62 | €456,244 | €512,340 | +€56,096 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,880 | €9,255 | -€2,625 | -22.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €69,455 | +€69,455 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €3,434 | €3,611 | +€176 | +5.1% |
| Non-recurring operating charges | 66A | €51,676 | €5,015 | -€46,660 | -90.3% |
| Gross operating margin | 9900 | €240,079 | €626,932 | +€386,853 | +161% |
| Operating profit (loss) | 9901 | -€283,155 | €27,255 | +€310,410 | |
| Financial income | 75/76B | €5,195 | €7,166 | +€1,970 | +37.9% |
| Recurring financial income | 75 | €5,195 | €7,166 | +€1,970 | +37.9% |
| Financial charges | 65/66B | €22,898 | €21,315 | -€1,584 | -6.9% |
| Recurring financial charges | 65 | €22,898 | €21,315 | -€1,584 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€300,858 | €13,106 | +€313,964 | |
| Income taxes | 67/77 | €564 | €522 | -€41 | -7.3% |
| Profit (loss) for the period | 9904 | -€301,422 | €12,584 | +€314,006 | |
| Profit (loss) for the period to be appropriated | 9905 | -€301,422 | €12,584 | +€314,006 |
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 15 October 2026 via checked.be.