PRONEL: 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.
PRONEL
Largest movements
- Current investments -€1.1m
no longer reported in 2025 (was €1.1m)
- Tangible fixed assets +€866,588
up €866,588 (+57.4%), from €1.5m to €2.4m
of which Land and buildings: +€1.8m
- Cash +€590,487
up €590,487 (+40.1%), from €1.5m to €2.1m
mainly Current investments (+€1.1m) and Net result for the year (+€232,588)
- Receivables within one year -€128,333
down €128,333 (-23.7%), from €540,446 to €412,114
of which Trade receivables: -€126,719
- Stocks and contracts -€52,963
down €52,963 (-62.8%), from €84,285 to €31,321
- Reserves +€232,588
up €232,588 (+5.6%), from €4.1m to €4.4m
of which Distributable reserves: +€232,588
- Gross operating margin -€130,906
down €130,906 (-16.0%), from €819,983 to €689,077
- Taxes -€39,095
down €39,095 (-29.6%), from €131,966 to €92,871
- Depreciation +€37,505
up €37,505 (+598%), from €6,266 to €43,771
- Staff costs -€25,297
down €25,297 (-6.8%), from €372,118 to €346,822
- Financial income +€20,171
up €20,171 (+123%), from €16,405 to €36,576
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 | €4,700,581 | €4,886,301 | +€185,720 | +4.0% |
| Fixed assets | 21/28 | €1,509,563 | €2,376,152 | +€866,588 | +57.4% |
| Tangible fixed assets | 22/27 | €1,509,563 | €2,376,152 | +€866,588 | +57.4% |
| Land and buildings | 22 | €220,373 | €2,050,697 | +€1.8m | +831% |
| Plant, machinery and equipment | 23 | €1,171 | €1,237 | +€65 | +5.6% |
| Furniture and vehicles | 24 | €768 | €324,218 | +€323,450 | +42,094% |
| Other tangible fixed assets | 26 | €1,287,251 | - | -€1.3m | |
| Current assets | 29/58 | €3,191,018 | €2,510,150 | -€680,868 | -21.3% |
| Stocks and contracts in progress | 3 | €84,285 | €31,321 | -€52,963 | -62.8% |
| Stocks | 30/36 | €84,285 | €31,321 | -€52,963 | -62.8% |
| Amounts receivable within one year | 40/41 | €540,446 | €412,114 | -€128,333 | -23.7% |
| Trade receivables | 40 | €538,443 | €411,724 | -€126,719 | -23.5% |
| Other amounts receivable | 41 | €2,003 | €390 | -€1,613 | -80.6% |
| Current investments | 50/53 | €1,088,924 | - | -€1.1m | |
| Cash at bank and in hand | 54/58 | €1,474,275 | €2,064,761 | +€590,487 | +40.1% |
| Deferred charges and accrued income | 490/1 | €3,088 | €1,953 | -€1,135 | -36.8% |
| Total equity and liabilities | 10/49 | €4,700,581 | €4,886,301 | +€185,720 | +4.0% |
| Equity | 10/15 | €4,353,122 | €4,585,710 | +€232,588 | +5.3% |
| Contributions | 10/11 | €206,805 | €206,805 | = | 0.0% |
| Reserves | 13 | €4,146,317 | €4,378,905 | +€232,588 | +5.6% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €4,108,817 | €4,341,405 | +€232,588 | +5.7% |
| Amounts payable | 17/49 | €347,459 | €300,591 | -€46,868 | -13.5% |
| Amounts payable within one year | 42/48 | €339,235 | €300,591 | -€38,644 | -11.4% |
| Trade debts | 44 | €197,372 | €150,097 | -€47,276 | -24.0% |
| Suppliers | 440/4 | €197,372 | €150,097 | -€47,276 | -24.0% |
| Taxes, remuneration and social security | 45 | €135,271 | €142,289 | +€7,018 | +5.2% |
| Taxes | 450/3 | €87,311 | €84,587 | -€2,724 | -3.1% |
| Remuneration and social security | 454/9 | €47,960 | €57,703 | +€9,742 | +20.3% |
| Other amounts payable | 47/48 | €6,591 | €8,205 | +€1,614 | +24.5% |
| Accrued charges and deferred income | 492/3 | €8,224 | - | -€8,224 | |
| Remuneration, social security and pensions | 62 | €372,118 | €346,822 | -€25,297 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,266 | €43,771 | +€37,505 | +598% |
| Other operating charges | 640/8 | €5,270 | €7,081 | +€1,811 | +34.4% |
| Gross operating margin | 9900 | €819,983 | €689,077 | -€130,906 | -16.0% |
| Operating profit (loss) | 9901 | €436,328 | €291,403 | -€144,925 | -33.2% |
| Financial income | 75/76B | €16,405 | €36,576 | +€20,171 | +123% |
| Recurring financial income | 75 | €16,405 | €36,576 | +€20,171 | +123% |
| Financial charges | 65/66B | €1,510 | €2,520 | +€1,010 | +66.9% |
| Recurring financial charges | 65 | €1,510 | €2,520 | +€1,010 | +66.9% |
| Profit (loss) for the period before taxes | 9903 | €451,223 | €325,459 | -€125,764 | -27.9% |
| Income taxes | 67/77 | €131,966 | €92,871 | -€39,095 | -29.6% |
| Profit (loss) for the period | 9904 | €319,257 | €232,588 | -€86,669 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €319,257 | €232,588 | -€86,669 | -27.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.