PROPIGS: 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.
What changed
PROPIGS
NACE 46.231, Wholesale of live animals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €590,418+€533,992
Equity
€22.6m
2024 · €21.5m+€1.1m
Cash
€565,086
2024 · €1.2m-€674,982
Balance sheet total
€31.8m
2024 · €31.7m+€92,027
Largest movements
Assets
- Current investments +€1.4m
up €1.4m (+24.0%), from €5.7m to €7.0m
- Receivables within one year -€691,931
down €691,931 (-18.0%), from €3.8m to €3.2m
of which Trade receivables: -€452,013
- Cash -€674,982
down €674,982 (-54.4%), from €1.2m to €565,086
mainly Current investments (-€1.4m) and Trade debts (-€549,620)
Equity and liabilities
- Reserves +€893,388
up €893,388 (+5.1%), from €17.4m to €18.3m
of which Distributable reserves: +€893,388
- Trade debts -€549,620
down €549,620 (-13.7%), from €4.0m to €3.5m
- Other debts -€523,466
down €523,466 (-16.5%), from €3.2m to €2.7m
Income statement
- Turnover -€31.0m
down €31.0m (-12.4%), from €249.7m to €218.7m
- Goods and materials -€31.0m
down €31.0m (-12.4%), from €249.7m to €218.7m
- Financial income -€3.6m
down €3.6m (-86.3%), from €4.2m to €573,480
- Other operating charges -€2.8m
down €2.8m (-74.1%), from €3.8m to €994,586
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.
Result 2024
€590,418
Turnover
-€31.0m
Other operating income
+€180,303
Goods and materials
+€31.0m
Services and other goods
-€66,860
Staff costs
-€92,807
Depreciation
-€9,692
Other operating charges
+€2.8m
Other operating items
+€1.7m
Financial income
-€3.6m
Financial charges
-€5,279
Taxes
-€435,403
Result 2025
€1.1m
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.
From operations
+€872,044
Investment
-€1.5m
Financing
-€62,952
Cash 2024
€1.2m
From operations (derived)
+€872,044
Net result for the year
+€1.1m
Depreciation
+€11,673
Receivables within one year
+€691,931
Deferred charges and accrued income
+€13,460
Trade debts
-€549,620
Tax, wage and social debts
+€106,689
Other debts
-€523,466
Accrued charges and deferred income
-€3,035
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€126,621
Current investments
-€1.4m
Financing
-€62,952
Debts after one year
+€300,000
Current portion of long-term debt
-€300,000
Contributions, distributions and other
-€62,952
Cash 2025
€565,086
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,685,482 | €31,777,509 | +€92,027 | +0.3% |
| Fixed assets | 21/28 | €20,910,854 | €21,025,803 | +€114,948 | +0.5% |
| Tangible fixed assets | 22/27 | €7,229 | €51,894 | +€44,665 | +617.9% |
| Furniture and vehicles | 24 | €2,139 | €48,270 | +€46,131 | +2157.1% |
| Other tangible fixed assets | 26 | €5,090 | €3,624 | -€1,466 | -28.8% |
| Financial fixed assets | 28 | €20,903,626 | €20,973,909 | +€70,283 | +0.3% |
| Companies linked by participating interests | 282/3 | €20,903,626 | €20,973,909 | +€70,283 | +0.3% |
| Participating interests | 282 | €20,903,626 | €20,973,909 | +€70,283 | +0.3% |
| Current assets | 29/58 | €10,774,628 | €10,751,706 | -€22,922 | -0.2% |
| Amounts receivable within one year | 40/41 | €3,843,953 | €3,152,022 | -€691,931 | -18.0% |
| Trade receivables | 40 | €3,591,269 | €3,139,256 | -€452,013 | -12.6% |
| Other amounts receivable | 41 | €252,685 | €12,767 | -€239,918 | -94.9% |
| Current investments | 50/53 | €5,650,000 | €7,007,452 | +€1.4m | +24.0% |
| Other investments | 51/53 | €5,650,000 | €7,007,452 | +€1.4m | +24.0% |
| Cash at bank and in hand | 54/58 | €1,240,068 | €565,086 | -€674,982 | -54.4% |
| Deferred charges and accrued income | 490/1 | €40,607 | €27,146 | -€13,460 | -33.1% |
| Total equity and liabilities | 10/49 | €31,685,482 | €31,777,509 | +€92,027 | +0.3% |
| Equity | 10/15 | €21,493,504 | €22,554,961 | +€1.1m | +4.9% |
| Contributions | 10/11 | €4,058,701 | €4,226,771 | +€168,070 | +4.1% |
| Reserves | 13 | €17,434,802 | €18,328,190 | +€893,388 | +5.1% |
| Non-distributable reserves | 130/1 | €16,196,380 | €16,196,380 | = | 0.0% |
| Reserves not available under the articles | 1311 | €430,732 | €430,732 | = | 0.0% |
| Other | 1319 | €15,765,648 | €15,765,648 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,854 | €14,854 | = | 0.0% |
| Distributable reserves | 133 | €1,223,568 | €2,116,956 | +€893,388 | +73.0% |
| Amounts payable | 17/49 | €10,191,979 | €9,222,548 | -€969,431 | -9.5% |
| Amounts payable after more than one year | 17 | €2,700,000 | €3,000,000 | +€300,000 | +11.1% |
| Other amounts payable | 178/9 | €2,700,000 | €3,000,000 | +€300,000 | +11.1% |
| Amounts payable within one year | 42/48 | €7,488,831 | €6,222,434 | -€1.3m | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | - | -€300,000 | |
| Trade debts | 44 | €4,014,298 | €3,464,678 | -€549,620 | -13.7% |
| Suppliers | 440/4 | €4,014,298 | €3,464,678 | -€549,620 | -13.7% |
| Taxes, remuneration and social security | 45 | €1,008 | €107,697 | +€106,689 | +10589.4% |
| Taxes | 450/3 | €1,008 | €97,193 | +€96,186 | +9546.9% |
| Remuneration and social security | 454/9 | - | €10,504 | +€10,504 | |
| Other amounts payable | 47/48 | €3,173,525 | €2,650,060 | -€523,466 | -16.5% |
| Accrued charges and deferred income | 492/3 | €3,148 | €113 | -€3,035 | -96.4% |
| Operating income | 70/76A | €250,304,850 | €221,191,238 | -€29.1m | -11.6% |
| Turnover | 70 | €249,746,898 | €218,714,320 | -€31.0m | -12.4% |
| Other operating income | 74 | €557,952 | €738,255 | +€180,303 | +32.3% |
| Non-recurring operating income | 76A | - | €1,738,663 | +€1.7m | |
| Operating charges | 60/66A | €253,906,820 | €220,197,703 | -€33.7m | -13.3% |
| Goods for resale, raw materials and consumables | 60 | €249,746,898 | €218,714,320 | -€31.0m | -12.4% |
| Purchases | 600/8 | €249,746,898 | €218,714,320 | -€31.0m | -12.4% |
| Services and other goods | 61 | €317,457 | €384,317 | +€66,860 | +21.1% |
| Remuneration, social security and pensions | 62 | - | €92,807 | +€92,807 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,981 | €11,673 | +€9,692 | +489.2% |
| Other operating charges | 640/8 | €3,840,484 | €994,586 | -€2.8m | -74.1% |
| Operating profit (loss) | 9901 | -€3,601,970 | €993,535 | +€4.6m | |
| Financial income | 75/76B | €4,194,311 | €573,480 | -€3.6m | -86.3% |
| Recurring financial income | 75 | €4,194,311 | €573,480 | -€3.6m | -86.3% |
| Income from financial fixed assets | 750 | €4,131,576 | €476,133 | -€3.7m | -88.5% |
| Income from current assets | 751 | €62,735 | €97,309 | +€34,574 | +55.1% |
| Other financial income | 752/9 | - | €38 | +€38 | |
| Financial charges | 65/66B | €1,923 | €7,201 | +€5,279 | +274.5% |
| Recurring financial charges | 65 | €1,923 | €7,201 | +€5,279 | +274.5% |
| Other financial charges | 652/9 | €1,923 | €7,201 | +€5,279 | +274.5% |
| Profit (loss) for the period before taxes | 9903 | €590,418 | €1,559,813 | +€969,395 | +164.2% |
| Income taxes | 67/77 | - | €435,403 | +€435,403 | |
| Taxes | 670/3 | - | €435,403 | +€435,403 | |
| Profit (loss) for the period | 9904 | €590,418 | €1,124,410 | +€533,992 | +90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €590,418 | €1,124,410 | +€533,992 | +90.4% |
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 5 October 2026 via checked.be.