PROOENERGY: what changed
What changed
PROOENERGY
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€5,896
2025 · €3,443-€9,338
Equity
€197,662
2025 · €203,558-€5,896
Cash
€117,058
2025 · €83,886+€33,172
Balance sheet total
€416,861
2025 · €425,201-€8,340
Largest movements
Assets
- Tangible fixed assets -€40,357
down €40,357 (-12.4%), from €326,271 to €285,914
of which Land and buildings: -€44,789
- Cash +€33,172
up €33,172 (+39.5%), from €83,886 to €117,058
mainly Depreciation (+€50,358) and Accrued charges and deferred income (+€12,922)
Equity and liabilities
- Debts after one year -€18,577
down €18,577 (-8.9%), from €209,542 to €190,964
- Accrued charges and deferred income +€12,922
up €12,922 (+4,072%), from €317 to €13,240
- Profit (loss) carried forward -€5,896
new in 2026: -€5,896
Income statement
- Gross operating margin +€20,724
up €20,724 (+45.9%), from €45,125 to €65,850
- Depreciation +€18,409
up €18,409 (+57.6%), from €31,949 to €50,358
- Financial charges +€13,139
up €13,139 (+2,100%), from €626 to €13,765
- Taxes -€1,982
down €1,982 (-100%), from €1,982 to €0
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€3,443
Gross operating margin
+€20,724
Depreciation
-€18,409
Other operating charges
-€495
Financial income
-€1
Financial charges
-€13,139
Taxes
+€1,982
Result 2026
-€5,896
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€61,679
Investment
-€10,002
Financing
-€18,506
Cash 2025
€83,886
From operations (derived)
+€61,679
Net result for the year
-€5,896
Depreciation
+€50,358
Receivables within one year
+€862
Deferred charges and accrued income
+€294
Trade debts
+€2,800
Tax, wage and social debts
+€1,054
Other debts
-€715
Accrued charges and deferred income
+€12,922
Investment (derived)
-€10,002
Investment in fixed assets (net)
-€10,002
Financing
-€18,506
Debts after one year
-€18,577
Current portion of long-term debt
+€72
Cash 2026
€117,058
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €425,201 | €416,861 | -€8,340 | -2.0% |
| Fixed assets | 21/28 | €326,271 | €285,914 | -€40,357 | -12.4% |
| Tangible fixed assets | 22/27 | €326,271 | €285,914 | -€40,357 | -12.4% |
| Land and buildings | 22 | €311,680 | €266,891 | -€44,789 | -14.4% |
| Plant, machinery and equipment | 23 | €7,762 | €8,107 | +€345 | +4.4% |
| Furniture and vehicles | 24 | €6,829 | €10,916 | +€4,087 | +59.8% |
| Current assets | 29/58 | €98,930 | €130,947 | +€32,016 | +32.4% |
| Amounts receivable within one year | 40/41 | €14,751 | €13,889 | -€862 | -5.8% |
| Trade receivables | 40 | €12,480 | €13,889 | +€1,409 | +11.3% |
| Other amounts receivable | 41 | €2,271 | €0 | -€2,271 | -100% |
| Cash at bank and in hand | 54/58 | €83,886 | €117,058 | +€33,172 | +39.5% |
| Deferred charges and accrued income | 490/1 | €294 | €0 | -€294 | -100% |
| Total equity and liabilities | 10/49 | €425,201 | €416,861 | -€8,340 | -2.0% |
| Equity | 10/15 | €203,558 | €197,662 | -€5,896 | -2.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €191,158 | €191,158 | = | 0.0% |
| Distributable reserves | 133 | €191,158 | €191,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,896 | -€5,896 | |
| Amounts payable | 17/49 | €221,643 | €219,198 | -€2,444 | -1.1% |
| Amounts payable after more than one year | 17 | €209,542 | €190,964 | -€18,577 | -8.9% |
| Financial debts | 170/4 | €209,542 | €190,964 | -€18,577 | -8.9% |
| Amounts payable within one year | 42/48 | €11,784 | €14,994 | +€3,210 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €4,506 | €4,577 | +€72 | +1.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,348 | €4,148 | +€2,800 | +208% |
| Suppliers | 440/4 | €1,348 | €4,148 | +€2,800 | +208% |
| Taxes, remuneration and social security | 45 | €4,939 | €5,993 | +€1,054 | +21.3% |
| Taxes | 450/3 | €4,939 | €5,993 | +€1,054 | +21.3% |
| Other amounts payable | 47/48 | €990 | €276 | -€715 | -72.2% |
| Accrued charges and deferred income | 492/3 | €317 | €13,240 | +€12,922 | +4,072% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,949 | €50,358 | +€18,409 | +57.6% |
| Other operating charges | 640/8 | €7,128 | €7,623 | +€495 | +6.9% |
| Gross operating margin | 9900 | €45,125 | €65,850 | +€20,724 | +45.9% |
| Operating profit (loss) | 9901 | €6,048 | €7,868 | +€1,820 | +30.1% |
| Financial income | 75/76B | €2 | €1 | -€1 | -55.7% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -55.7% |
| Financial charges | 65/66B | €626 | €13,765 | +€13,139 | +2,100% |
| Recurring financial charges | 65 | €626 | €13,765 | +€13,139 | +2,100% |
| Profit (loss) for the period before taxes | 9903 | €5,425 | -€5,896 | -€11,320 | |
| Income taxes | 67/77 | €1,982 | €0 | -€1,982 | -100% |
| Profit (loss) for the period | 9904 | €3,443 | -€5,896 | -€9,338 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,443 | -€5,896 | -€9,338 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.