PROMENADE: 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.
PROMENADE
Largest movements
- Cash +€40,834
up €40,834 (+11.4%), from €358,816 to €399,650
mainly Receivables within one year (+€24,751) and Depreciation (+€15,927)
- Receivables within one year -€24,751
down €24,751 (-66.2%), from €37,399 to €12,647
of which Trade receivables: -€22,447
- Tangible fixed assets -€15,927
down €15,927 (-8.9%), from €178,311 to €162,384
of which Land and buildings: -€8,320
- Reserves +€11,216
up €11,216 (+14.0%), from €80,059 to €91,275
of which Tax-exempt reserves: +€11,216
- Debts after one year -€8,895
down €8,895 (-62.7%), from €14,182 to €5,287
- Gross operating margin -€92,073
down €92,073 (-73.8%), from €124,768 to €32,695
- Staff costs -€40,914
no longer reported in 2025 (was €40,914)
- Turnover -€24,832
down €24,832 (-8.4%), from €296,767 to €271,935
- Purchases and services -€7,284
down €7,284 (-3.5%), from €205,398 to €198,114
- Taxes +€6,083
up €6,083 (+91.5%), from €6,649 to €12,732
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 | €727,283 | €733,435 | +€6,152 | +0.8% |
| Fixed assets | 21/28 | €178,721 | €162,794 | -€15,927 | -8.9% |
| Tangible fixed assets | 22/27 | €178,311 | €162,384 | -€15,927 | -8.9% |
| Land and buildings | 22 | €149,074 | €140,754 | -€8,320 | -5.6% |
| Furniture and vehicles | 24 | €19,237 | €11,630 | -€7,607 | -39.5% |
| Other tangible fixed assets | 26 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €410 | €410 | = | 0.0% |
| Current assets | 29/58 | €548,562 | €570,641 | +€22,079 | +4.0% |
| Stocks and contracts in progress | 3 | €150,828 | €157,294 | +€6,466 | +4.3% |
| Stocks | 30/36 | €150,828 | €157,294 | +€6,466 | +4.3% |
| Amounts receivable within one year | 40/41 | €37,399 | €12,647 | -€24,751 | -66.2% |
| Trade receivables | 40 | €27,500 | €5,054 | -€22,447 | -81.6% |
| Other amounts receivable | 41 | €9,899 | €7,594 | -€2,305 | -23.3% |
| Cash at bank and in hand | 54/58 | €358,816 | €399,650 | +€40,834 | +11.4% |
| Deferred charges and accrued income | 490/1 | €1,519 | €1,049 | -€470 | -31.0% |
| Total equity and liabilities | 10/49 | €727,283 | €733,435 | +€6,152 | +0.8% |
| Equity | 10/15 | €654,617 | €666,955 | +€12,338 | +1.9% |
| Reserves | 13 | €80,059 | €91,275 | +€11,216 | +14.0% |
| Tax-exempt reserves | 132 | €75,000 | €86,216 | +€11,216 | +15.0% |
| Distributable reserves | 133 | €5,059 | €5,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | €574,558 | €575,679 | +€1,122 | +0.2% |
| Amounts payable | 17/49 | €72,666 | €66,480 | -€6,186 | -8.5% |
| Amounts payable after more than one year | 17 | €14,182 | €5,287 | -€8,895 | -62.7% |
| Financial debts | 170/4 | €14,182 | €5,287 | -€8,895 | -62.7% |
| Amounts payable within one year | 42/48 | €58,484 | €57,715 | -€769 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €10,405 | €10,604 | +€199 | +1.9% |
| Trade debts | 44 | €12,538 | €5,233 | -€7,305 | -58.3% |
| Suppliers | 440/4 | €12,538 | €5,233 | -€7,305 | -58.3% |
| Taxes, remuneration and social security | 45 | €35,541 | €41,878 | +€6,337 | +17.8% |
| Taxes | 450/3 | €26,624 | €31,872 | +€5,248 | +19.7% |
| Remuneration and social security | 454/9 | €8,917 | €10,006 | +€1,090 | +12.2% |
| Accrued charges and deferred income | 492/3 | - | €3,478 | +€3,478 | |
| Turnover | 70 | €296,767 | €271,935 | -€24,832 | -8.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €205,398 | €198,114 | -€7,284 | -3.5% |
| Remuneration, social security and pensions | 62 | €40,914 | - | -€40,914 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,927 | €15,927 | = | 0.0% |
| Other operating charges | 640/8 | €2,529 | €2,732 | +€203 | +8.0% |
| Gross operating margin | 9900 | €124,768 | €32,695 | -€92,073 | -73.8% |
| Operating profit (loss) | 9901 | €65,397 | €14,035 | -€51,362 | -78.5% |
| Financial income | 75/76B | €8,401 | €13,025 | +€4,624 | +55.0% |
| Recurring financial income | 75 | €8,401 | €13,025 | +€4,624 | +55.0% |
| Financial charges | 65/66B | €2,339 | €1,990 | -€349 | -14.9% |
| Recurring financial charges | 65 | €2,339 | €1,990 | -€349 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €71,459 | €25,070 | -€46,389 | -64.9% |
| Income taxes | 67/77 | €6,649 | €12,732 | +€6,083 | +91.5% |
| Profit (loss) for the period | 9904 | €64,810 | €12,338 | -€52,471 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,810 | €12,338 | -€52,471 | -81.0% |
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 9 October 2026 via checked.be.