PROPERREP: 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.
PROPERREP
Largest movements
- Cash -€32,076
down €32,076 (-40.7%), from €78,739 to €46,663
mainly Contributions, distributions and other (-€32,633) and Other debts (-€19,953)
- Receivables within one year -€4,889
down €4,889 (-73.2%), from €6,674 to €1,785
of which Trade receivables: -€4,575
- Deferred charges and accrued income +€3,339
up €3,339 (+1,148%), from €291 to €3,630
- Other debts -€19,953
down €19,953 (-46.3%), from €43,087 to €23,134
- Tax, wage and social debts -€6,999
down €6,999 (-90.9%), from €7,696 to €697
- Trade debts -€5,788
down €5,788 (-55.9%), from €10,354 to €4,566
- Gross operating margin -€16,738
down €16,738 (-25.1%), from €66,605 to €49,867
- Depreciation -€7,160
down €7,160 (-85.2%), from €8,404 to €1,245
- Taxes +€1,955
up €1,955 (+15.4%), from €12,694 to €14,649
- Other operating charges +€1,042
up €1,042 (+5,427%), from €19 to €1,061
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 | €106,217 | €73,477 | -€32,740 | -30.8% |
| Fixed assets | 21/28 | €7,756 | €8,641 | +€886 | +11.4% |
| Tangible fixed assets | 22/27 | €3,756 | €4,641 | +€886 | +23.6% |
| Plant, machinery and equipment | 23 | €1,451 | €2,235 | +€784 | +54.1% |
| Furniture and vehicles | 24 | €2,034 | €2,206 | +€172 | +8.5% |
| Other tangible fixed assets | 26 | €271 | €201 | -€70 | -25.9% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €98,461 | €64,835 | -€33,626 | -34.2% |
| Amounts receivable within one year | 40/41 | €6,674 | €1,785 | -€4,889 | -73.2% |
| Trade receivables | 40 | €6,271 | €1,696 | -€4,575 | -73.0% |
| Other amounts receivable | 41 | €403 | €90 | -€314 | -77.8% |
| Current investments | 50/53 | €12,757 | €12,757 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €78,739 | €46,663 | -€32,076 | -40.7% |
| Deferred charges and accrued income | 490/1 | €291 | €3,630 | +€3,339 | +1,148% |
| Total equity and liabilities | 10/49 | €106,217 | €73,477 | -€32,740 | -30.8% |
| Equity | 10/15 | €45,079 | €45,079 | = | 0.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €15,079 | €15,079 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,757 | €12,757 | = | 0.0% |
| Own shares acquired | 1312 | €12,757 | €12,757 | = | 0.0% |
| Distributable reserves | 133 | €2,322 | €2,322 | = | 0.0% |
| Amounts payable | 17/49 | €61,137 | €28,397 | -€32,740 | -53.6% |
| Amounts payable within one year | 42/48 | €61,137 | €28,397 | -€32,740 | -53.6% |
| Trade debts | 44 | €10,354 | €4,566 | -€5,788 | -55.9% |
| Suppliers | 440/4 | €10,354 | €4,566 | -€5,788 | -55.9% |
| Taxes, remuneration and social security | 45 | €7,696 | €697 | -€6,999 | -90.9% |
| Taxes | 450/3 | €7,696 | €697 | -€6,999 | -90.9% |
| Other amounts payable | 47/48 | €43,087 | €23,134 | -€19,953 | -46.3% |
| Remuneration, social security and pensions | 62 | - | €11 | +€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,404 | €1,245 | -€7,160 | -85.2% |
| Other operating charges | 640/8 | €19 | €1,061 | +€1,042 | +5,427% |
| Gross operating margin | 9900 | €66,605 | €49,867 | -€16,738 | -25.1% |
| Operating profit (loss) | 9901 | €58,182 | €47,550 | -€10,632 | -18.3% |
| Financial income | 75/76B | €149 | €86 | -€63 | -42.3% |
| Recurring financial income | 75 | €149 | €86 | -€63 | -42.3% |
| Financial charges | 65/66B | €431 | €355 | -€77 | -17.8% |
| Recurring financial charges | 65 | €431 | €355 | -€77 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €57,899 | €47,281 | -€10,618 | -18.3% |
| Income taxes | 67/77 | €12,694 | €14,649 | +€1,955 | +15.4% |
| Profit (loss) for the period | 9904 | €45,206 | €32,633 | -€12,573 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,206 | €32,633 | -€12,573 | -27.8% |
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 24 October 2026 via checked.be.