PROPETOR: 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.
PROPETOR
Largest movements
- Receivables within one year +€115,025
up €115,025 (+31.6%), from €364,152 to €479,177
of which Other amounts receivable: +€112,548
- Stocks and contracts -€110,276
down €110,276 (-10.0%), from €1.1m to €991,875
- Cash +€92,613
up €92,613 (+2372.7%), from €3,903 to €96,516
mainly Current portion of long-term debt (+€400,000) and Net result for the year (+€124,224)
- Debts after one year -€400,000
down €400,000 (-40.1%), from €998,000 to €598,000
- Current portion of long-term debt +€400,000
new in 2025: €400,000
- Profit (loss) carried forward +€124,224
up €124,224 (+32.8%), from €378,301 to €502,525
- Other debts -€26,852
down €26,852 (-86.0%), from €31,228 to €4,376
- Gross operating margin +€182,275
up €182,275 (+4245.7%), from €4,293 to €186,568
- Financial charges -€8,502
down €8,502 (-17.7%), from €48,073 to €39,571
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 | €1,475,939 | €1,573,498 | +€97,559 | +6.6% |
| Current assets | 29/58 | €1,475,939 | €1,573,498 | +€97,559 | +6.6% |
| Stocks and contracts in progress | 3 | €1,102,150 | €991,875 | -€110,276 | -10.0% |
| Stocks | 30/36 | €1,102,150 | €991,875 | -€110,276 | -10.0% |
| Amounts receivable within one year | 40/41 | €364,152 | €479,177 | +€115,025 | +31.6% |
| Trade receivables | 40 | - | €2,476 | +€2,476 | |
| Other amounts receivable | 41 | €364,152 | €476,700 | +€112,548 | +30.9% |
| Cash at bank and in hand | 54/58 | €3,903 | €96,516 | +€92,613 | +2372.7% |
| Deferred charges and accrued income | 490/1 | €5,733 | €5,931 | +€197 | +3.4% |
| Total equity and liabilities | 10/49 | €1,475,939 | €1,573,498 | +€97,559 | +6.6% |
| Equity | 10/15 | €446,472 | €570,695 | +€124,224 | +27.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €378,301 | €502,525 | +€124,224 | +32.8% |
| Amounts payable | 17/49 | €1,029,467 | €1,002,802 | -€26,665 | -2.6% |
| Amounts payable after more than one year | 17 | €998,000 | €598,000 | -€400,000 | -40.1% |
| Financial debts | 170/4 | €998,000 | €598,000 | -€400,000 | -40.1% |
| Amounts payable within one year | 42/48 | €31,467 | €404,802 | +€373,335 | +1186.4% |
| Current portion of amounts payable after more than one year | 42 | - | €400,000 | +€400,000 | |
| Trade debts | 44 | €240 | €427 | +€187 | +78.0% |
| Suppliers | 440/4 | €240 | €427 | +€187 | +78.0% |
| Other amounts payable | 47/48 | €31,228 | €4,376 | -€26,852 | -86.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,004 | - | +€1,004 | |
| Other operating charges | 640/8 | €23,684 | €22,773 | -€911 | -3.8% |
| Gross operating margin | 9900 | €4,293 | €186,568 | +€182,275 | +4245.7% |
| Operating profit (loss) | 9901 | -€18,387 | €163,794 | +€182,181 | |
| Financial charges | 65/66B | €48,073 | €39,571 | -€8,502 | -17.7% |
| Recurring financial charges | 65 | €48,073 | €39,571 | -€8,502 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | -€66,460 | €124,224 | +€190,684 | |
| Profit (loss) for the period | 9904 | -€66,460 | €124,224 | +€190,684 | |
| Profit (loss) for the period to be appropriated | 9905 | -€66,460 | €124,224 | +€190,684 |
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.