PROPRE ET NET: 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.
PROPRE ET NET
Largest movements
- Receivables within one year +€182,306
up €182,306 (+239%), from €76,188 to €258,494
of which Other amounts receivable: +€159,851
- Cash -€13,857
down €13,857 (-43.8%), from €31,623 to €17,766
mainly Receivables within one year (-€182,306) and Debts after one year (-€77,653)
- Other debts +€142,817
up €142,817 (+302%), from €47,351 to €190,169
- Debts after one year -€77,653
down €77,653 (-16.6%), from €468,396 to €390,743
of which Other amounts payable: -€69,332
- Reserves +€70,000
up €70,000 (+3,765%), from €1,859 to €71,859
of which Distributable reserves: +€70,000
- Tax, wage and social debts +€28,441
up €28,441 (+156%), from €18,197 to €46,638
of which Taxes: +€22,750
- Taxes +€10,211
up €10,211 (+53.8%), from €18,996 to €29,207
- Staff costs -€6,047
down €6,047 (-31.9%), from €18,937 to €12,890
- Gross operating margin +€5,515
up €5,515 (+4.9%), from €111,994 to €117,510
- Financial income +€1,273
up €1,273 (+7,477%), from €17 to €1,290
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 | €984,434 | €1,152,480 | +€168,046 | +17.1% |
| Fixed assets | 21/28 | €874,456 | €874,427 | -€29 | 0.0% |
| Tangible fixed assets | 22/27 | €29 | - | -€29 | |
| Furniture and vehicles | 24 | €29 | - | -€29 | |
| Financial fixed assets | 28 | €874,427 | €874,427 | = | 0.0% |
| Current assets | 29/58 | €109,978 | €278,053 | +€168,075 | +153% |
| Stocks and contracts in progress | 3 | €1,172 | €842 | -€330 | -28.2% |
| Stocks | 30/36 | €1,172 | €842 | -€330 | -28.2% |
| Amounts receivable within one year | 40/41 | €76,188 | €258,494 | +€182,306 | +239% |
| Trade receivables | 40 | €75,301 | €97,756 | +€22,455 | +29.8% |
| Other amounts receivable | 41 | €887 | €160,738 | +€159,851 | +18,014% |
| Cash at bank and in hand | 54/58 | €31,623 | €17,766 | -€13,857 | -43.8% |
| Deferred charges and accrued income | 490/1 | €995 | €951 | -€44 | -4.5% |
| Total equity and liabilities | 10/49 | €984,434 | €1,152,480 | +€168,046 | +17.1% |
| Equity | 10/15 | €407,360 | €479,064 | +€71,704 | +17.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €71,859 | +€70,000 | +3,765% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €70,000 | +€70,000 | |
| Profit (loss) carried forward | 14 | €386,909 | €388,612 | +€1,704 | +0.4% |
| Amounts payable | 17/49 | €577,074 | €673,416 | +€96,342 | +16.7% |
| Amounts payable after more than one year | 17 | €468,396 | €390,743 | -€77,653 | -16.6% |
| Financial debts | 170/4 | €9,786 | €1,466 | -€8,321 | -85.0% |
| Other amounts payable | 178/9 | €458,609 | €389,277 | -€69,332 | -15.1% |
| Amounts payable within one year | 42/48 | €108,648 | €282,642 | +€173,994 | +160% |
| Current portion of amounts payable after more than one year | 42 | €9,017 | €8,321 | -€697 | -7.7% |
| Trade debts | 44 | €34,083 | €37,515 | +€3,432 | +10.1% |
| Suppliers | 440/4 | €34,083 | €37,515 | +€3,432 | +10.1% |
| Taxes, remuneration and social security | 45 | €18,197 | €46,638 | +€28,441 | +156% |
| Taxes | 450/3 | €16,931 | €39,682 | +€22,750 | +134% |
| Remuneration and social security | 454/9 | €1,266 | €6,957 | +€5,691 | +450% |
| Other amounts payable | 47/48 | €47,351 | €190,169 | +€142,817 | +302% |
| Accrued charges and deferred income | 492/3 | €30 | €31 | +€1 | +2.0% |
| Non-recurring operating income | 76A | €1,005 | - | -€1,005 | |
| Remuneration, social security and pensions | 62 | €18,937 | €12,890 | -€6,047 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76 | €29 | -€47 | -61.4% |
| Other operating charges | 640/8 | €1,049 | €948 | -€101 | -9.7% |
| Gross operating margin | 9900 | €111,994 | €117,510 | +€5,515 | +4.9% |
| Operating profit (loss) | 9901 | €91,932 | €103,643 | +€11,710 | +12.7% |
| Financial income | 75/76B | €17 | €1,290 | +€1,273 | +7,477% |
| Recurring financial income | 75 | €17 | €1,290 | +€1,273 | +7,477% |
| Financial charges | 65/66B | €3,089 | €4,022 | +€933 | +30.2% |
| Recurring financial charges | 65 | €3,089 | €4,022 | +€933 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €88,860 | €100,911 | +€12,051 | +13.6% |
| Income taxes | 67/77 | €18,996 | €29,207 | +€10,211 | +53.8% |
| Profit (loss) for the period | 9904 | €69,864 | €71,704 | +€1,840 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,864 | €71,704 | +€1,840 | +2.6% |
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 19 October 2026 via checked.be.