PROPORTIO: 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.
PROPORTIO
Largest movements
- Tangible fixed assets -€19,096
down €19,096 (-6.2%), from €308,842 to €289,745
of which Land and buildings: -€14,315
- Tax, wage and social debts -€7,751
no longer reported in 2025 (was €7,751)
- Profit (loss) carried forward -€6,517
down €6,517 (-1.9%), from €342,540 to €336,023
- Gross operating margin -€17,705
down €17,705 (-49.2%), from €35,961 to €18,255
- Taxes -€3,694
down €3,694 (-79.7%), from €4,636 to €942
- Depreciation -€709
down €709 (-3.3%), from €21,274 to €20,565
- Financial income +€556
up €556 (+21.5%), from €2,583 to €3,139
- Other operating charges -€369
down €369 (-29.3%), from €1,258 to €890
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 | €510,890 | €500,214 | -€10,676 | -2.1% |
| Fixed assets | 21/28 | €308,842 | €289,745 | -€19,096 | -6.2% |
| Tangible fixed assets | 22/27 | €308,842 | €289,745 | -€19,096 | -6.2% |
| Land and buildings | 22 | €280,027 | €265,711 | -€14,315 | -5.1% |
| Plant, machinery and equipment | 23 | €28,149 | €23,659 | -€4,490 | -16.0% |
| Furniture and vehicles | 24 | €666 | €375 | -€291 | -43.7% |
| Current assets | 29/58 | €202,048 | €210,468 | +€8,420 | +4.2% |
| Amounts receivable within one year | 40/41 | - | €4,237 | +€4,237 | |
| Other amounts receivable | 41 | - | €4,237 | +€4,237 | |
| Cash at bank and in hand | 54/58 | €201,424 | €205,307 | +€3,883 | +1.9% |
| Deferred charges and accrued income | 490/1 | €624 | €924 | +€300 | +48.0% |
| Total equity and liabilities | 10/49 | €510,890 | €500,214 | -€10,676 | -2.1% |
| Equity | 10/15 | €350,600 | €344,083 | -€6,517 | -1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €342,540 | €336,023 | -€6,517 | -1.9% |
| Amounts payable | 17/49 | €160,289 | €156,131 | -€4,159 | -2.6% |
| Amounts payable after more than one year | 17 | €145,000 | €145,000 | = | 0.0% |
| Financial debts | 170/4 | €145,000 | €145,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,852 | €5,693 | -€4,159 | -42.2% |
| Trade debts | 44 | €1,529 | €1,337 | -€193 | -12.6% |
| Suppliers | 440/4 | €1,529 | €1,337 | -€193 | -12.6% |
| Advances received on contracts in progress | 46 | - | €4,357 | +€4,357 | |
| Taxes, remuneration and social security | 45 | €7,751 | - | -€7,751 | |
| Taxes | 450/3 | €7,751 | - | -€7,751 | |
| Other amounts payable | 47/48 | €572 | - | -€572 | |
| Accrued charges and deferred income | 492/3 | €5,438 | €5,438 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,274 | €20,565 | -€709 | -3.3% |
| Other operating charges | 640/8 | €1,258 | €890 | -€369 | -29.3% |
| Gross operating margin | 9900 | €35,961 | €18,255 | -€17,705 | -49.2% |
| Operating profit (loss) | 9901 | €13,428 | -€3,199 | -€16,628 | |
| Financial income | 75/76B | €2,583 | €3,139 | +€556 | +21.5% |
| Recurring financial income | 75 | €2,583 | €3,139 | +€556 | +21.5% |
| Financial charges | 65/66B | €5,536 | €5,515 | -€21 | -0.4% |
| Recurring financial charges | 65 | €5,536 | €5,515 | -€21 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €10,476 | -€5,575 | -€16,052 | |
| Income taxes | 67/77 | €4,636 | €942 | -€3,694 | -79.7% |
| Profit (loss) for the period | 9904 | €5,840 | -€6,517 | -€12,357 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,840 | -€6,517 | -€12,357 |
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 7 October 2026 via checked.be.