PROPHEN: 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.
PROPHEN
Largest movements
- Tangible fixed assets -€48,742
down €48,742 (-3.2%), from €1.5m to €1.5m
of which Land and buildings: -€35,637
- Debts after one year -€80,780
down €80,780 (-14.0%), from €578,468 to €497,688
of which Financial debts: -€72,927
- Trade debts +€44,681
up €44,681 (+127.0%), from €35,174 to €79,855
- Accrued charges and deferred income -€35,975
down €35,975 (-83.7%), from €42,968 to €6,993
- Profit (loss) carried forward +€31,820
up €31,820 (+23.7%), from €134,506 to €166,326
- Gross operating margin -€32,235
down €32,235 (-19.5%), from €165,574 to €133,339
- Write-downs -€26,250
no longer reported in 2025 (was €26,250)
- Other operating charges +€17,260
up €17,260 (+1123.7%), from €1,536 to €18,796
- Taxes -€11,553
down €11,553 (-51.5%), from €22,453 to €10,900
- Depreciation +€3,909
up €3,909 (+8.7%), from €44,833 to €48,742
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 | €1,685,836 | €1,647,666 | -€38,170 | -2.3% |
| Fixed assets | 21/28 | €1,624,314 | €1,575,572 | -€48,742 | -3.0% |
| Tangible fixed assets | 22/27 | €1,540,650 | €1,491,908 | -€48,742 | -3.2% |
| Land and buildings | 22 | €1,471,960 | €1,436,323 | -€35,637 | -2.4% |
| Furniture and vehicles | 24 | €45,475 | €33,747 | -€11,728 | -25.8% |
| Assets under construction and advance payments | 27 | €23,215 | €21,838 | -€1,377 | -5.9% |
| Financial fixed assets | 28 | €83,664 | €83,664 | = | 0.0% |
| Current assets | 29/58 | €61,522 | €72,094 | +€10,572 | +17.2% |
| Amounts receivable within one year | 40/41 | €47,601 | €54,579 | +€6,978 | +14.7% |
| Trade receivables | 40 | €11,162 | €18,841 | +€7,679 | +68.8% |
| Other amounts receivable | 41 | €36,439 | €35,738 | -€701 | -1.9% |
| Cash at bank and in hand | 54/58 | €6,851 | €10,445 | +€3,594 | +52.5% |
| Deferred charges and accrued income | 490/1 | €7,070 | €7,070 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,685,836 | €1,647,666 | -€38,170 | -2.3% |
| Equity | 10/15 | €908,809 | €940,629 | +€31,820 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €635,000 | €635,000 | = | 0.0% |
| Reserves | 13 | €120,703 | €120,703 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €118,843 | €118,843 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,506 | €166,326 | +€31,820 | +23.7% |
| Amounts payable | 17/49 | €777,027 | €707,037 | -€69,990 | -9.0% |
| Amounts payable after more than one year | 17 | €578,468 | €497,688 | -€80,780 | -14.0% |
| Financial debts | 170/4 | €548,759 | €475,832 | -€72,927 | -13.3% |
| Other amounts payable | 178/9 | €29,709 | €21,856 | -€7,853 | -26.4% |
| Amounts payable within one year | 42/48 | €155,591 | €202,356 | +€46,765 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €85,542 | €95,688 | +€10,146 | +11.9% |
| Trade debts | 44 | €35,174 | €79,855 | +€44,681 | +127.0% |
| Suppliers | 440/4 | €35,174 | €79,855 | +€44,681 | +127.0% |
| Taxes, remuneration and social security | 45 | €23,252 | €23,252 | = | 0.0% |
| Taxes | 450/3 | €23,252 | €23,252 | = | 0.0% |
| Other amounts payable | 47/48 | €11,623 | €3,561 | -€8,062 | -69.4% |
| Accrued charges and deferred income | 492/3 | €42,968 | €6,993 | -€35,975 | -83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,833 | €48,742 | +€3,909 | +8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,250 | - | -€26,250 | |
| Other operating charges | 640/8 | €1,536 | €18,796 | +€17,260 | +1123.7% |
| Gross operating margin | 9900 | €165,574 | €133,339 | -€32,235 | -19.5% |
| Operating profit (loss) | 9901 | €92,955 | €65,801 | -€27,154 | -29.2% |
| Financial charges | 65/66B | €21,570 | €23,081 | +€1,511 | +7.0% |
| Recurring financial charges | 65 | €21,570 | €23,081 | +€1,511 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €71,385 | €42,720 | -€28,665 | -40.2% |
| Income taxes | 67/77 | €22,453 | €10,900 | -€11,553 | -51.5% |
| Profit (loss) for the period | 9904 | €48,932 | €31,820 | -€17,112 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,932 | €31,820 | -€17,112 | -35.0% |
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 9 October 2026 via checked.be.