PROPORT: 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.
PROPORT
Largest movements
- Receivables after one year +€153,528
up €153,528 (+144%), from €106,856 to €260,384
of which Trade receivables: +€260,384
- Tangible fixed assets +€96,284
up €96,284 (+838%), from €11,484 to €107,768
of which Furniture and vehicles: +€98,488
- Receivables within one year -€75,078
down €75,078 (-82.5%), from €90,958 to €15,880
of which Trade receivables: -€57,377
- Cash -€58,057
down €58,057 (-20.3%), from €285,380 to €227,324
mainly Contributions, distributions and other (-€400,000) and Receivables after one year (-€153,528)
- Financial fixed assets -€28,800
down €28,800 (-7.0%), from €412,196 to €383,396
- Other debts +€405,238
up €405,238 (+64.8%), from €624,893 to €1.0m
- Reserves -€369,697
down €369,697 (-86.7%), from €426,522 to €56,825
- Tax, wage and social debts +€62,319
up €62,319 (+434%), from €14,347 to €76,666
of which Taxes: +€62,319
- Gross operating margin -€122,765
down €122,765 (-80.0%), from €153,507 to €30,742
- Financial income +€100,190
up €100,190 (+629%), from €15,930 to €116,120
of which Non-recurring financial income: +€92,200
- Taxes +€31,628
up €31,628 (+78.4%), from €40,360 to €71,988
- Depreciation +€20,439
up €20,439 (+585%), from €3,497 to €23,935
- Financial charges -€17,633
down €17,633 (-92.0%), from €19,159 to €1,527
of which Non-recurring financial charges: -€16,602
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 | €1,090,467 | €1,186,254 | +€95,787 | +8.8% |
| Fixed assets | 21/28 | €423,680 | €491,164 | +€67,484 | +15.9% |
| Tangible fixed assets | 22/27 | €11,484 | €107,768 | +€96,284 | +838% |
| Plant, machinery and equipment | 23 | €9,436 | €7,232 | -€2,204 | -23.4% |
| Furniture and vehicles | 24 | €2,048 | €100,536 | +€98,488 | +4,809% |
| Financial fixed assets | 28 | €412,196 | €383,396 | -€28,800 | -7.0% |
| Current assets | 29/58 | €666,787 | €695,090 | +€28,303 | +4.2% |
| Amounts receivable after more than one year | 29 | €106,856 | €260,384 | +€153,528 | +144% |
| Trade receivables | 290 | - | €260,384 | +€260,384 | |
| Other amounts receivable | 291 | €106,856 | - | -€106,856 | |
| Amounts receivable within one year | 40/41 | €90,958 | €15,880 | -€75,078 | -82.5% |
| Trade receivables | 40 | €57,377 | €0 | -€57,377 | -100% |
| Other amounts receivable | 41 | €33,581 | €15,880 | -€17,702 | -52.7% |
| Current investments | 50/53 | €180,000 | €180,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €285,380 | €227,324 | -€58,057 | -20.3% |
| Deferred charges and accrued income | 490/1 | €3,592 | €11,502 | +€7,910 | +220% |
| Total equity and liabilities | 10/49 | €1,090,467 | €1,186,254 | +€95,787 | +8.8% |
| Equity | 10/15 | €445,122 | €75,425 | -€369,697 | -83.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €426,522 | €56,825 | -€369,697 | -86.7% |
| Distributable reserves | 133 | €426,522 | €56,825 | -€369,697 | -86.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €645,345 | €1,110,829 | +€465,484 | +72.1% |
| Amounts payable within one year | 42/48 | €645,345 | €1,110,829 | +€465,484 | +72.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,105 | €4,032 | -€2,073 | -34.0% |
| Suppliers | 440/4 | €6,105 | €4,032 | -€2,073 | -34.0% |
| Taxes, remuneration and social security | 45 | €14,347 | €76,666 | +€62,319 | +434% |
| Taxes | 450/3 | €14,347 | €76,666 | +€62,319 | +434% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €624,893 | €1,030,130 | +€405,238 | +64.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2,479 | +€2,479 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,497 | €23,935 | +€20,439 | +585% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,000 | +€11,000 | |
| Other operating charges | 640/8 | €1,086 | €8,109 | +€7,024 | +647% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €153,507 | €30,742 | -€122,765 | -80.0% |
| Operating profit (loss) | 9901 | €148,925 | -€12,302 | -€161,228 | |
| Financial income | 75/76B | €15,930 | €116,120 | +€100,190 | +629% |
| Recurring financial income | 75 | €6,930 | €14,920 | +€7,990 | +115% |
| Non-recurring financial income | 76B | €9,000 | €101,200 | +€92,200 | +1,024% |
| Financial charges | 65/66B | €19,159 | €1,527 | -€17,633 | -92.0% |
| Recurring financial charges | 65 | €2,557 | €1,527 | -€1,030 | -40.3% |
| Non-recurring financial charges | 66B | €16,602 | - | -€16,602 | |
| Profit (loss) for the period before taxes | 9903 | €145,696 | €102,291 | -€43,405 | -29.8% |
| Income taxes | 67/77 | €40,360 | €71,988 | +€31,628 | +78.4% |
| Profit (loss) for the period | 9904 | €105,336 | €30,303 | -€75,033 | -71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €105,336 | €30,303 | -€75,033 | -71.2% |
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.