PROPER: 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.
PROPER
Largest movements
- Cash +€5,419
up €5,419 (+14.1%), from €38,409 to €43,828
mainly Net result for the year (+€9,281) and Depreciation (+€5,163)
- Receivables within one year +€1,489
up €1,489 (+53.0%), from €2,812 to €4,301
of which Trade receivables: +€2,219
- Tangible fixed assets -€779
down €779 (-9.9%), from €7,856 to €7,077
of which Furniture and vehicles: -€779
- Reserves +€9,281
up €9,281 (+26.5%), from €35,058 to €44,339
- Current portion of long-term debt -€3,783
down €3,783 (-100.0%), from €3,783 to €0
- Tax, wage and social debts +€2,050
up €2,050, from €0 to €2,050
- Other debts -€812
down €812 (-100.0%), from €812 to €0
- Gross operating margin +€7,082
up €7,082 (+53.4%), from €13,261 to €20,343
- Taxes +€2,393
up €2,393 (+90.1%), from €2,657 to €5,050
- Depreciation +€800
up €800 (+18.4%), from €4,362 to €5,163
- Other operating charges -€622
down €622 (-44.6%), from €1,395 to €773
- Financial charges -€317
down €317 (-55.2%), from €575 to €258
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 | €50,720 | €56,949 | +€6,229 | +12.3% |
| Fixed assets | 21/28 | €7,856 | €7,077 | -€779 | -9.9% |
| Tangible fixed assets | 22/27 | €7,856 | €7,077 | -€779 | -9.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €7,856 | €7,077 | -€779 | -9.9% |
| Current assets | 29/58 | €42,865 | €49,872 | +€7,008 | +16.3% |
| Amounts receivable within one year | 40/41 | €2,812 | €4,301 | +€1,489 | +53.0% |
| Trade receivables | 40 | €1,882 | €4,101 | +€2,219 | +118.0% |
| Other amounts receivable | 41 | €930 | €200 | -€730 | -78.5% |
| Cash at bank and in hand | 54/58 | €38,409 | €43,828 | +€5,419 | +14.1% |
| Deferred charges and accrued income | 490/1 | €1,644 | €1,744 | +€99 | +6.0% |
| Total equity and liabilities | 10/49 | €50,720 | €56,949 | +€6,229 | +12.3% |
| Equity | 10/15 | €45,058 | €54,339 | +€9,281 | +20.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €35,058 | €44,339 | +€9,281 | +26.5% |
| Distributable reserves | 133 | €35,058 | €44,339 | +€9,281 | +26.5% |
| Amounts payable | 17/49 | €5,662 | €2,611 | -€3,052 | -53.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €5,662 | €2,611 | -€3,052 | -53.9% |
| Current portion of amounts payable after more than one year | 42 | €3,783 | €0 | -€3,783 | -100.0% |
| Trade debts | 44 | €1,067 | €561 | -€507 | -47.5% |
| Suppliers | 440/4 | €1,067 | €561 | -€507 | -47.5% |
| Taxes, remuneration and social security | 45 | €0 | €2,050 | +€2,050 | |
| Taxes | 450/3 | €0 | €2,050 | +€2,050 | |
| Other amounts payable | 47/48 | €812 | €0 | -€812 | -100.0% |
| Non-recurring operating income | 76A | €1,054 | €0 | -€1,054 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,362 | €5,163 | +€800 | +18.4% |
| Other operating charges | 640/8 | €1,395 | €773 | -€622 | -44.6% |
| Gross operating margin | 9900 | €13,261 | €20,343 | +€7,082 | +53.4% |
| Operating profit (loss) | 9901 | €7,503 | €14,407 | +€6,903 | +92.0% |
| Financial income | 75/76B | €2 | €182 | +€179 | +7494.1% |
| Recurring financial income | 75 | €2 | €182 | +€179 | +7494.1% |
| Financial charges | 65/66B | €575 | €258 | -€317 | -55.2% |
| Recurring financial charges | 65 | €575 | €258 | -€317 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €6,931 | €14,331 | +€7,400 | +106.8% |
| Income taxes | 67/77 | €2,657 | €5,050 | +€2,393 | +90.1% |
| Profit (loss) for the period | 9904 | €4,274 | €9,281 | +€5,007 | +117.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,274 | €9,281 | +€5,007 | +117.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.