Proper by Fré: 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.
Proper by Fré
Largest movements
- Tangible fixed assets -€41,012
down €41,012 (-91.6%), from €44,762 to €3,749
of which Furniture and vehicles: -€23,588
- Cash +€16,507
up €16,507 (+608.6%), from €2,712 to €19,219
mainly Investment in fixed assets (net) (+€39,940) and Receivables within one year (+€3,153)
- Receivables within one year -€3,153
down €3,153 (-81.3%), from €3,880 to €727
of which Trade receivables: -€3,513
- Profit (loss) carried forward -€24,610
down €24,610 (-311.8%), from -€7,894 to -€32,505
- Other debts -€3,354
down €3,354 (-5.9%), from €56,847 to €53,494
- Gross operating margin -€19,855
down €19,855, from €8,948 to -€10,906
- Other operating charges +€11,230
up €11,230 (+1182.4%), from €950 to €12,180
- Depreciation -€8,713
down €8,713 (-89.0%), from €9,786 to €1,073
- Taxes -€144
down €144 (-100.0%), from €144 to €0
- Financial charges -€139
down €139 (-23.6%), from €590 to €451
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 | €53,010 | €25,024 | -€27,986 | -52.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €44,762 | €3,749 | -€41,012 | -91.6% |
| Tangible fixed assets | 22/27 | €44,762 | €3,749 | -€41,012 | -91.6% |
| Plant, machinery and equipment | 23 | €16,351 | €0 | -€16,351 | -100.0% |
| Furniture and vehicles | 24 | €23,588 | €0 | -€23,588 | -100.0% |
| Other tangible fixed assets | 26 | €4,822 | €3,749 | -€1,073 | -22.2% |
| Current assets | 29/58 | €8,249 | €21,275 | +€13,026 | +157.9% |
| Amounts receivable within one year | 40/41 | €3,880 | €727 | -€3,153 | -81.3% |
| Trade receivables | 40 | €3,583 | €70 | -€3,513 | -98.0% |
| Other amounts receivable | 41 | €297 | €657 | +€360 | +121.0% |
| Cash at bank and in hand | 54/58 | €2,712 | €19,219 | +€16,507 | +608.6% |
| Deferred charges and accrued income | 490/1 | €1,657 | €1,329 | -€328 | -19.8% |
| Total equity and liabilities | 10/49 | €53,010 | €25,024 | -€27,986 | -52.8% |
| Equity | 10/15 | -€4,894 | -€29,505 | -€24,610 | -502.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,894 | -€32,505 | -€24,610 | -311.8% |
| Amounts payable | 17/49 | €57,904 | €54,529 | -€3,376 | -5.8% |
| Amounts payable within one year | 42/48 | €57,904 | €54,529 | -€3,376 | -5.8% |
| Trade debts | 44 | €700 | €364 | -€337 | -48.1% |
| Suppliers | 440/4 | €700 | €364 | -€337 | -48.1% |
| Taxes, remuneration and social security | 45 | €357 | €671 | +€314 | +88.0% |
| Taxes | 450/3 | €357 | €671 | +€314 | +88.0% |
| Other amounts payable | 47/48 | €56,847 | €53,494 | -€3,354 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,786 | €1,073 | -€8,713 | -89.0% |
| Other operating charges | 640/8 | €950 | €12,180 | +€11,230 | +1182.4% |
| Gross operating margin | 9900 | €8,948 | -€10,906 | -€19,855 | |
| Operating profit (loss) | 9901 | -€1,788 | -€24,160 | -€22,372 | -1251.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -27.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -27.8% |
| Financial charges | 65/66B | €590 | €451 | -€139 | -23.6% |
| Recurring financial charges | 65 | €590 | €451 | -€139 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,377 | -€24,610 | -€22,233 | -935.2% |
| Income taxes | 67/77 | €144 | €0 | -€144 | -100.0% |
| Profit (loss) for the period | 9904 | -€2,522 | -€24,610 | -€22,089 | -876.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,522 | -€24,610 | -€22,089 | -876.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.