Propar: 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.
Propar
Largest movements
- Receivables within one year +€39,955
up €39,955 (+270%), from €14,823 to €54,778
of which Other amounts receivable: +€41,771
- Cash -€30,635
down €30,635 (-90.7%), from €33,766 to €3,132
mainly Debts after one year (-€128,521) and Other debts (-€81,200)
- Reserves +€217,043
up €217,043 (+49.1%), from €441,745 to €658,788
- Debts after one year -€128,521
down €128,521 (-15.0%), from €854,453 to €725,933
- Other debts -€81,200
down €81,200 (-92.6%), from €87,700 to €6,500
- Financial income +€201,117
new in 2025: €201,117
of which Financial income: +€200,001
- Gross operating margin +€30,002
up €30,002 (+48.3%), from €62,081 to €92,084
- Depreciation +€7,229
up €7,229 (+262%), from €2,755 to €9,984
- Taxes +€4,750
up €4,750 (+62.8%), from €7,559 to €12,309
- Other operating charges +€934
up €934 (+227%), from €411 to €1,345
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 | €1,747,891 | €1,746,119 | -€1,772 | -0.1% |
| Fixed assets | 21/28 | €1,697,165 | €1,687,181 | -€9,984 | -0.6% |
| Tangible fixed assets | 22/27 | €47,165 | €37,181 | -€9,984 | -21.2% |
| Leasing and similar rights | 25 | €47,165 | €37,181 | -€9,984 | -21.2% |
| Financial fixed assets | 28 | €1,650,000 | €1,650,000 | = | 0.0% |
| Current assets | 29/58 | €50,726 | €58,938 | +€8,212 | +16.2% |
| Amounts receivable within one year | 40/41 | €14,823 | €54,778 | +€39,955 | +270% |
| Trade receivables | 40 | €14,823 | €13,008 | -€1,816 | -12.2% |
| Other amounts receivable | 41 | - | €41,771 | +€41,771 | |
| Cash at bank and in hand | 54/58 | €33,766 | €3,132 | -€30,635 | -90.7% |
| Deferred charges and accrued income | 490/1 | €2,137 | €1,028 | -€1,109 | -51.9% |
| Total equity and liabilities | 10/49 | €1,747,891 | €1,746,119 | -€1,772 | -0.1% |
| Equity | 10/15 | €641,745 | €858,788 | +€217,043 | +33.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €441,745 | €658,788 | +€217,043 | +49.1% |
| Distributable reserves | 133 | €441,745 | €658,788 | +€217,043 | +49.1% |
| Amounts payable | 17/49 | €1,106,146 | €887,331 | -€218,815 | -19.8% |
| Amounts payable after more than one year | 17 | €854,453 | €725,933 | -€128,521 | -15.0% |
| Financial debts | 170/4 | €854,453 | €725,933 | -€128,521 | -15.0% |
| Amounts payable within one year | 42/48 | €251,693 | €161,398 | -€90,295 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €142,575 | €142,982 | +€407 | +0.3% |
| Trade debts | 44 | €3,828 | €3,267 | -€560 | -14.6% |
| Suppliers | 440/4 | €3,828 | €3,267 | -€560 | -14.6% |
| Taxes, remuneration and social security | 45 | €17,589 | €8,648 | -€8,941 | -50.8% |
| Taxes | 450/3 | €13,341 | €4,370 | -€8,971 | -67.2% |
| Remuneration and social security | 454/9 | €4,249 | €4,279 | +€30 | +0.7% |
| Other amounts payable | 47/48 | €87,700 | €6,500 | -€81,200 | -92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,755 | €9,984 | +€7,229 | +262% |
| Other operating charges | 640/8 | €411 | €1,345 | +€934 | +227% |
| Gross operating margin | 9900 | €62,081 | €92,084 | +€30,002 | +48.3% |
| Operating profit (loss) | 9901 | €58,915 | €80,755 | +€21,840 | +37.1% |
| Financial income | 75/76B | - | €201,117 | +€201,117 | |
| Recurring financial income | 75 | - | €200,001 | +€200,001 | |
| Non-recurring financial income | 76B | - | €1,117 | +€1,117 | |
| Financial charges | 65/66B | €21,965 | €22,520 | +€556 | +2.5% |
| Recurring financial charges | 65 | €21,965 | €22,520 | +€556 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €36,951 | €259,352 | +€222,402 | +602% |
| Income taxes | 67/77 | €7,559 | €12,309 | +€4,750 | +62.8% |
| Profit (loss) for the period | 9904 | €29,391 | €247,043 | +€217,652 | +741% |
| Profit (loss) for the period to be appropriated | 9905 | €29,391 | €247,043 | +€217,652 | +741% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.