PROPA: 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.
PROPA
Largest movements
- Tangible fixed assets -€176,059
down €176,059 (-70.5%), from €249,758 to €73,698
of which Land and buildings: -€153,574
- Cash +€36,904
up €36,904 (+161.9%), from €22,789 to €59,693
mainly Investment in fixed assets (net) (+€152,140) and Other debts (+€42,666)
- Receivables within one year -€18,113
down €18,113 (-38.7%), from €46,790 to €28,677
of which Trade receivables: -€16,104
- Deferred charges and accrued income +€6,067
up €6,067 (+39.0%), from €15,555 to €21,621
- Debts after one year -€137,162
down €137,162 (-86.1%), from €159,330 to €22,168
- Trade debts -€55,669
down €55,669 (-88.1%), from €63,176 to €7,507
- Other debts +€42,666
up €42,666, from €0 to €42,666
- Profit (loss) carried forward +€10,951
up €10,951 (+54.0%), from €20,291 to €31,242
- Current portion of long-term debt -€6,121
down €6,121 (-26.6%), from €23,045 to €16,924
- Purchases and services -€179,380
no longer reported in 2025 (was €179,380)
- Gross operating margin +€22,280
up €22,280 (+11.1%), from €200,405 to €222,684
- Write-downs +€6,322
new in 2025: €6,322
- Staff costs +€6,130
up €6,130 (+5.0%), from €122,990 to €129,120
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 | €335,691 | €184,489 | -€151,202 | -45.0% |
| Fixed assets | 21/28 | €250,558 | €74,498 | -€176,059 | -70.3% |
| Tangible fixed assets | 22/27 | €249,758 | €73,698 | -€176,059 | -70.5% |
| Land and buildings | 22 | €153,574 | - | -€153,574 | |
| Plant, machinery and equipment | 23 | €3,222 | €1,713 | -€1,509 | -46.8% |
| Furniture and vehicles | 24 | €61,568 | €47,792 | -€13,776 | -22.4% |
| Other tangible fixed assets | 26 | €31,393 | €24,193 | -€7,200 | -22.9% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €85,133 | €109,991 | +€24,858 | +29.2% |
| Amounts receivable within one year | 40/41 | €46,790 | €28,677 | -€18,113 | -38.7% |
| Trade receivables | 40 | €41,598 | €25,494 | -€16,104 | -38.7% |
| Other amounts receivable | 41 | €5,192 | €3,183 | -€2,009 | -38.7% |
| Cash at bank and in hand | 54/58 | €22,789 | €59,693 | +€36,904 | +161.9% |
| Deferred charges and accrued income | 490/1 | €15,555 | €21,621 | +€6,067 | +39.0% |
| Total equity and liabilities | 10/49 | €335,691 | €184,489 | -€151,202 | -45.0% |
| Equity | 10/15 | €40,751 | €51,702 | +€10,951 | +26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,291 | €31,242 | +€10,951 | +54.0% |
| Amounts payable | 17/49 | €294,940 | €132,787 | -€162,153 | -55.0% |
| Amounts payable after more than one year | 17 | €159,330 | €22,168 | -€137,162 | -86.1% |
| Financial debts | 170/4 | €159,330 | €22,168 | -€137,162 | -86.1% |
| Amounts payable within one year | 42/48 | €135,610 | €110,619 | -€24,990 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €23,045 | €16,924 | -€6,121 | -26.6% |
| Trade debts | 44 | €63,176 | €7,507 | -€55,669 | -88.1% |
| Suppliers | 440/4 | €63,176 | €7,507 | -€55,669 | -88.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €49,389 | €43,522 | -€5,866 | -11.9% |
| Taxes | 450/3 | €27,043 | €20,172 | -€6,872 | -25.4% |
| Remuneration and social security | 454/9 | €22,345 | €23,351 | +€1,005 | +4.5% |
| Other amounts payable | 47/48 | €0 | €42,666 | +€42,666 | |
| Non-recurring operating income | 76A | €3,979 | €58,175 | +€54,196 | +1362.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €179,380 | - | -€179,380 | |
| Remuneration, social security and pensions | 62 | €122,990 | €129,120 | +€6,130 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,537 | €23,919 | +€383 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,322 | +€6,322 | |
| Other operating charges | 640/8 | €10,320 | €9,671 | -€649 | -6.3% |
| Non-recurring operating charges | 66A | €0 | €4,943 | +€4,943 | |
| Gross operating margin | 9900 | €200,405 | €222,684 | +€22,280 | +11.1% |
| Operating profit (loss) | 9901 | €43,558 | €48,709 | +€5,151 | +11.8% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €4,793 | €3,104 | -€1,689 | -35.2% |
| Recurring financial charges | 65 | €4,793 | €3,104 | -€1,689 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €38,765 | €45,608 | +€6,843 | +17.7% |
| Income taxes | 67/77 | €14,472 | €14,657 | +€185 | +1.3% |
| Profit (loss) for the period | 9904 | €24,293 | €30,951 | +€6,658 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,293 | €30,951 | +€6,658 | +27.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.