PROPETAN: 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.
PROPETAN
Largest movements
- Stocks and contracts -€291,272
down €291,272 (-20.5%), from €1.4m to €1.1m
- Receivables within one year +€222,395
up €222,395 (+9895.2%), from €2,248 to €224,643
- Debts after one year -€420,000
down €420,000 (-17.2%), from €2.4m to €2.0m
- Current portion of long-term debt +€420,000
new in 2025: €420,000
- Profit (loss) carried forward -€50,223
down €50,223 (-7.7%), from -€652,822 to -€703,045
- Other debts -€45,068
down €45,068 (-9.4%), from €479,521 to €434,453
- Gross operating margin +€231,512
up €231,512, from -€43,559 to €187,953
- Other operating charges +€130,359
up €130,359 (+694.5%), from €18,771 to €149,130
- Financial charges -€27,366
down €27,366 (-23.5%), from €116,419 to €89,053
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 | €2,978,599 | €2,906,867 | -€71,732 | -2.4% |
| Fixed assets | 21/28 | €1,550,000 | €1,550,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,550,000 | €1,550,000 | = | 0.0% |
| Current assets | 29/58 | €1,428,599 | €1,356,867 | -€71,732 | -5.0% |
| Stocks and contracts in progress | 3 | €1,422,892 | €1,131,620 | -€291,272 | -20.5% |
| Stocks | 30/36 | €1,422,892 | €1,131,620 | -€291,272 | -20.5% |
| Amounts receivable within one year | 40/41 | €2,248 | €224,643 | +€222,395 | +9895.2% |
| Other amounts receivable | 41 | €2,248 | €224,643 | +€222,395 | +9895.2% |
| Cash at bank and in hand | 54/58 | €2,436 | - | -€2,436 | |
| Deferred charges and accrued income | 490/1 | €1,024 | €604 | -€419 | -41.0% |
| Total equity and liabilities | 10/49 | €2,978,599 | €2,906,867 | -€71,732 | -2.4% |
| Equity | 10/15 | €51,544 | €1,321 | -€50,223 | -97.4% |
| Contributions | 10/11 | €571,386 | €571,386 | = | 0.0% |
| Capital | 10 | €571,386 | €571,386 | = | 0.0% |
| Issued capital | 100 | €571,386 | €571,386 | = | 0.0% |
| Reserves | 13 | €132,980 | €132,980 | = | 0.0% |
| Non-distributable reserves | 130/1 | €57,139 | €57,139 | = | 0.0% |
| Legal reserve | 130 | €57,139 | €57,139 | = | 0.0% |
| Distributable reserves | 133 | €75,841 | €75,841 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€652,822 | -€703,045 | -€50,223 | -7.7% |
| Amounts payable | 17/49 | €2,927,055 | €2,905,547 | -€21,509 | -0.7% |
| Amounts payable after more than one year | 17 | €2,440,000 | €2,020,000 | -€420,000 | -17.2% |
| Financial debts | 170/4 | €2,440,000 | €2,020,000 | -€420,000 | -17.2% |
| Amounts payable within one year | 42/48 | €484,678 | €885,547 | +€400,869 | +82.7% |
| Current portion of amounts payable after more than one year | 42 | - | €420,000 | +€420,000 | |
| Financial debts | 43 | - | €12,715 | +€12,715 | |
| Credit institutions | 430/8 | - | €12,715 | +€12,715 | |
| Trade debts | 44 | €5,156 | €15,407 | +€10,251 | +198.8% |
| Suppliers | 440/4 | €5,156 | €15,407 | +€10,251 | +198.8% |
| Taxes, remuneration and social security | 45 | - | €2,971 | +€2,971 | |
| Taxes | 450/3 | - | €2,971 | +€2,971 | |
| Other amounts payable | 47/48 | €479,521 | €434,453 | -€45,068 | -9.4% |
| Accrued charges and deferred income | 492/3 | €2,377 | - | -€2,377 | |
| Other operating charges | 640/8 | €18,771 | €149,130 | +€130,359 | +694.5% |
| Gross operating margin | 9900 | -€43,559 | €187,953 | +€231,512 | |
| Operating profit (loss) | 9901 | -€62,329 | €38,824 | +€101,153 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €116,419 | €89,053 | -€27,366 | -23.5% |
| Recurring financial charges | 65 | €116,419 | €89,053 | -€27,366 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | -€178,748 | -€50,223 | +€128,525 | +71.9% |
| Profit (loss) for the period | 9904 | -€178,748 | -€50,223 | +€128,525 | +71.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€178,748 | -€50,223 | +€128,525 | +71.9% |
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 4 October 2026 via checked.be.