ProperTree: 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.
ProperTree
Largest movements
- Stocks and contracts -€343,791
no longer reported in 2025 (was €343,791)
- Cash +€99,447
up €99,447 (+289.0%), from €34,407 to €133,854
mainly Stocks and contracts (+€343,791) and Trade debts (+€22,738)
- Receivables within one year +€33,405
up €33,405 (+97.9%), from €34,116 to €67,521
of which Other amounts receivable: +€19,030
- Short-term financial debts -€250,000
no longer reported in 2025 (was €250,000)
- Trade debts +€22,738
up €22,738 (+199.8%), from €11,378 to €34,115
- Reserves +€9,500
up €9,500 (+7.2%), from €132,260 to €141,760
- Profit (loss) carried forward +€8,234
up €8,234, from -€7,574 to €660
- Other debts -€6,424
no longer reported in 2025 (was €6,424)
- Gross operating margin +€39,717
up €39,717, from -€5,186 to €34,531
- Financial charges +€7,685
up €7,685 (+415.7%), from €1,849 to €9,533
- Taxes +€5,659
new in 2025: €5,659
- Other operating charges +€557
up €557 (+118.6%), from €470 to €1,027
- Financial income +€485
up €485 (+1591.0%), from €31 to €516
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 | €414,063 | €201,524 | -€212,539 | -51.3% |
| Fixed assets | 21/28 | €1,243 | €150 | -€1,093 | -87.9% |
| Tangible fixed assets | 22/27 | €1,093 | - | -€1,093 | |
| Furniture and vehicles | 24 | €1,093 | - | -€1,093 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €412,820 | €201,374 | -€211,446 | -51.2% |
| Stocks and contracts in progress | 3 | €343,791 | - | -€343,791 | |
| Stocks | 30/36 | €343,791 | - | -€343,791 | |
| Amounts receivable within one year | 40/41 | €34,116 | €67,521 | +€33,405 | +97.9% |
| Trade receivables | 40 | €27,116 | €41,491 | +€14,375 | +53.0% |
| Other amounts receivable | 41 | €7,000 | €26,030 | +€19,030 | +271.9% |
| Cash at bank and in hand | 54/58 | €34,407 | €133,854 | +€99,447 | +289.0% |
| Deferred charges and accrued income | 490/1 | €506 | - | -€506 | |
| Total equity and liabilities | 10/49 | €414,063 | €201,524 | -€212,539 | -51.3% |
| Equity | 10/15 | €143,286 | €161,020 | +€17,734 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,260 | €141,760 | +€9,500 | +7.2% |
| Distributable reserves | 133 | €132,260 | €141,760 | +€9,500 | +7.2% |
| Profit (loss) carried forward | 14 | -€7,574 | €660 | +€8,234 | |
| Amounts payable | 17/49 | €270,777 | €40,504 | -€230,273 | -85.0% |
| Amounts payable within one year | 42/48 | €270,777 | €40,504 | -€230,273 | -85.0% |
| Financial debts | 43 | €250,000 | - | -€250,000 | |
| Credit institutions | 430/8 | €250,000 | - | -€250,000 | |
| Trade debts | 44 | €11,378 | €34,115 | +€22,738 | +199.8% |
| Suppliers | 440/4 | €11,378 | €34,115 | +€22,738 | +199.8% |
| Advances received on contracts in progress | 46 | €290 | - | -€290 | |
| Taxes, remuneration and social security | 45 | €2,685 | €6,389 | +€3,704 | +137.9% |
| Taxes | 450/3 | €2,685 | €6,389 | +€3,704 | +137.9% |
| Other amounts payable | 47/48 | €6,424 | - | -€6,424 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,517 | €1,093 | -€424 | -27.9% |
| Other operating charges | 640/8 | €470 | €1,027 | +€557 | +118.6% |
| Gross operating margin | 9900 | -€5,186 | €34,531 | +€39,717 | |
| Operating profit (loss) | 9901 | -€7,173 | €32,410 | +€39,583 | |
| Financial income | 75/76B | €31 | €516 | +€485 | +1591.0% |
| Recurring financial income | 75 | €31 | €516 | +€485 | +1591.0% |
| Financial charges | 65/66B | €1,849 | €9,533 | +€7,685 | +415.7% |
| Recurring financial charges | 65 | €1,849 | €9,533 | +€7,685 | +415.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,991 | €23,393 | +€32,384 | |
| Income taxes | 67/77 | - | €5,659 | +€5,659 | |
| Profit (loss) for the period | 9904 | -€8,991 | €17,734 | +€26,725 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,991 | €17,734 | +€26,725 |
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 7 October 2026 via checked.be.