PROPIO: 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.
PROPIO
Largest movements
- Receivables within one year -€36,348
no longer reported in 2025 (was €36,348)
of which Trade receivables: -€36,348
- Deferred charges and accrued income +€23,670
up €23,670 (+7,318%), from €323 to €23,994
- Cash -€19,807
down €19,807 (-79.0%), from €25,069 to €5,262
mainly Net result for the year (-€46,933) and Deferred charges and accrued income (-€23,670)
- Tangible fixed assets -€11,130
down €11,130 (-4.0%), from €275,132 to €264,002
of which Land and buildings: -€10,264
- Reserves -€53,652
down €53,652 (-31.4%), from €170,935 to €117,283
- Tax, wage and social debts +€17,986
up €17,986 (+46.8%), from €38,461 to €56,447
of which Remuneration and social security: +€13,418
- Debts after one year -€15,082
down €15,082 (-19.5%), from €77,272 to €62,190
- Other debts +€8,000
up €8,000 (+265%), from €3,013 to €11,013
- Trade debts -€7,768
down €7,768 (-38.1%), from €20,410 to €12,642
- Staff costs +€112,545
up €112,545 (+10.3%), from €1.1m to €1.2m
- Taxes -€20,834
down €20,834 (-99.2%), from €21,010 to €176
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.
Derived cash bridge
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 | €336,873 | €293,258 | -€43,615 | -12.9% |
| Fixed assets | 21/28 | €275,132 | €264,002 | -€11,130 | -4.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €275,132 | €264,002 | -€11,130 | -4.0% |
| Land and buildings | 22 | €273,989 | €263,725 | -€10,264 | -3.7% |
| Plant, machinery and equipment | 23 | €1,144 | €278 | -€866 | -75.7% |
| Current assets | 29/58 | €61,741 | €29,255 | -€32,485 | -52.6% |
| Amounts receivable within one year | 40/41 | €36,348 | - | -€36,348 | |
| Trade receivables | 40 | €36,348 | - | -€36,348 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €25,069 | €5,262 | -€19,807 | -79.0% |
| Deferred charges and accrued income | 490/1 | €323 | €23,994 | +€23,670 | +7,318% |
| Total equity and liabilities | 10/49 | €336,873 | €293,258 | -€43,615 | -12.9% |
| Equity | 10/15 | €182,816 | €135,883 | -€46,933 | -25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,935 | €117,283 | -€53,652 | -31.4% |
| Distributable reserves | 133 | €170,935 | €117,283 | -€53,652 | -31.4% |
| Profit (loss) carried forward | 14 | -€6,719 | - | +€6,719 | |
| Amounts payable | 17/49 | €154,057 | €157,374 | +€3,318 | +2.2% |
| Amounts payable after more than one year | 17 | €77,272 | €62,190 | -€15,082 | -19.5% |
| Financial debts | 170/4 | €77,272 | €62,190 | -€15,082 | -19.5% |
| Amounts payable within one year | 42/48 | €76,785 | €95,185 | +€18,400 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €14,900 | €15,082 | +€182 | +1.2% |
| Trade debts | 44 | €20,410 | €12,642 | -€7,768 | -38.1% |
| Suppliers | 440/4 | €20,410 | €12,642 | -€7,768 | -38.1% |
| Taxes, remuneration and social security | 45 | €38,461 | €56,447 | +€17,986 | +46.8% |
| Taxes | 450/3 | €21,010 | €25,578 | +€4,568 | +21.7% |
| Remuneration and social security | 454/9 | €17,451 | €30,869 | +€13,418 | +76.9% |
| Other amounts payable | 47/48 | €3,013 | €11,013 | +€8,000 | +265% |
| Remuneration, social security and pensions | 62 | €1,091,947 | €1,204,492 | +€112,545 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,457 | €11,130 | -€327 | -2.9% |
| Other operating charges | 640/8 | €1,860 | €1,916 | +€57 | +3.1% |
| Gross operating margin | 9900 | €1,174,063 | €1,172,040 | -€2,023 | -0.2% |
| Operating profit (loss) | 9901 | €68,799 | -€45,498 | -€114,298 | |
| Financial income | 75/76B | €126 | €3 | -€124 | -97.7% |
| Recurring financial income | 75 | €126 | €3 | -€124 | -97.7% |
| Financial charges | 65/66B | €1,428 | €1,262 | -€166 | -11.6% |
| Recurring financial charges | 65 | €1,428 | €1,262 | -€166 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €67,498 | -€46,757 | -€114,255 | |
| Income taxes | 67/77 | €21,010 | €176 | -€20,834 | -99.2% |
| Profit (loss) for the period | 9904 | €46,488 | -€46,933 | -€93,421 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,488 | -€46,933 | -€93,421 |
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 17 October 2026 via checked.be.