PROPOREO: 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.
PROPOREO
Largest movements
- Tangible fixed assets +€400,523
up €400,523 (+243%), from €165,156 to €565,679
of which Land and buildings: +€403,530
- Current investments -€200,000
down €200,000 (-96.1%), from €208,129 to €8,129
- Cash +€79,660
up €79,660 (+57.4%), from €138,719 to €218,379
mainly Current investments (+€200,000) and Debts after one year (+€176,976)
- Debts after one year +€176,976
up €176,976 (+310%), from €57,091 to €234,067
- Reserves +€90,298
up €90,298 (+16.8%), from €538,078 to €628,376
of which Distributable reserves: +€90,298
- Current portion of long-term debt +€12,532
up €12,532 (+119%), from €10,492 to €23,024
- Gross operating margin -€20,796
down €20,796 (-9.7%), from €214,649 to €193,853
- Other operating charges -€4,748
down €4,748 (-86.0%), from €5,524 to €776
- Taxes -€4,369
down €4,369 (-7.1%), from €61,393 to €57,024
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 | €655,235 | €929,823 | +€274,588 | +41.9% |
| Fixed assets | 21/28 | €165,156 | €565,679 | +€400,523 | +243% |
| Tangible fixed assets | 22/27 | €165,156 | €565,679 | +€400,523 | +243% |
| Land and buildings | 22 | €139,407 | €542,936 | +€403,530 | +289% |
| Plant, machinery and equipment | 23 | €15,334 | €12,402 | -€2,932 | -19.1% |
| Furniture and vehicles | 24 | €74 | - | -€74 | |
| Other tangible fixed assets | 26 | €10,341 | €10,341 | = | 0.0% |
| Current assets | 29/58 | €490,079 | €364,144 | -€125,934 | -25.7% |
| Stocks and contracts in progress | 3 | €114,811 | €114,811 | = | 0.0% |
| Stocks | 30/36 | €114,811 | €114,811 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,165 | €22,282 | -€4,883 | -18.0% |
| Trade receivables | 40 | €25,544 | - | -€25,544 | |
| Other amounts receivable | 41 | €1,620 | €22,282 | +€20,661 | +1,275% |
| Current investments | 50/53 | €208,129 | €8,129 | -€200,000 | -96.1% |
| Cash at bank and in hand | 54/58 | €138,719 | €218,379 | +€79,660 | +57.4% |
| Deferred charges and accrued income | 490/1 | €1,256 | €544 | -€712 | -56.7% |
| Total equity and liabilities | 10/49 | €655,235 | €929,823 | +€274,588 | +41.9% |
| Equity | 10/15 | €544,278 | €634,576 | +€90,298 | +16.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €538,078 | €628,376 | +€90,298 | +16.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €536,218 | €626,516 | +€90,298 | +16.8% |
| Amounts payable | 17/49 | €110,957 | €295,247 | +€184,290 | +166% |
| Amounts payable after more than one year | 17 | €57,091 | €234,067 | +€176,976 | +310% |
| Financial debts | 170/4 | €57,091 | €234,067 | +€176,976 | +310% |
| Amounts payable within one year | 42/48 | €53,866 | €61,180 | +€7,314 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €10,492 | €23,024 | +€12,532 | +119% |
| Financial debts | 43 | €8,472 | €8,456 | -€16 | -0.2% |
| Other loans | 439 | €8,472 | €8,456 | -€16 | -0.2% |
| Trade debts | 44 | €10,210 | €11,777 | +€1,567 | +15.3% |
| Suppliers | 440/4 | €10,210 | €11,777 | +€1,567 | +15.3% |
| Taxes, remuneration and social security | 45 | €24,693 | €17,924 | -€6,769 | -27.4% |
| Taxes | 450/3 | €24,693 | €17,924 | -€6,769 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,515 | €13,717 | -€798 | -5.5% |
| Other operating charges | 640/8 | €5,524 | €776 | -€4,748 | -86.0% |
| Gross operating margin | 9900 | €214,649 | €193,853 | -€20,796 | -9.7% |
| Operating profit (loss) | 9901 | €194,611 | €179,360 | -€15,251 | -7.8% |
| Financial income | 75/76B | €6,880 | €5,067 | -€1,813 | -26.3% |
| Recurring financial income | 75 | €6,880 | €5,067 | -€1,813 | -26.3% |
| Financial charges | 65/66B | €2,003 | €2,079 | +€76 | +3.8% |
| Recurring financial charges | 65 | €2,003 | €2,079 | +€76 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €199,487 | €182,348 | -€17,139 | -8.6% |
| Income taxes | 67/77 | €61,393 | €57,024 | -€4,369 | -7.1% |
| Profit (loss) for the period | 9904 | €138,094 | €125,324 | -€12,770 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €138,094 | €125,324 | -€12,770 | -9.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.