PROPRIO MARTE: 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.
PROPRIO MARTE
Largest movements
- Tangible fixed assets +€53,677
up €53,677 (+8.3%), from €646,243 to €699,919
of which Plant, machinery and equipment: +€108,214
- Cash +€41,761
up €41,761 (+80.9%), from €51,630 to €93,392
mainly Depreciation (+€106,375) and Debts after one year (+€97,932)
- Debts after one year +€97,932
up €97,932 (+154%), from €63,461 to €161,393
- Profit (loss) carried forward -€13,536
down €13,536 (-3.9%), from -€348,659 to -€362,195
- Current portion of long-term debt +€11,943
up €11,943 (+132%), from €9,034 to €20,977
- Gross operating margin +€24,018
up €24,018 (+27.7%), from €86,653 to €110,671
- Depreciation -€21,634
down €21,634 (-16.9%), from €128,009 to €106,375
- Other operating charges -€1,555
down €1,555 (-12.8%), from €12,143 to €10,588
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €704,953 | €800,886 | +€95,933 | +13.6% |
| Fixed assets | 21/28 | €646,243 | €699,919 | +€53,677 | +8.3% |
| Tangible fixed assets | 22/27 | €646,243 | €699,919 | +€53,677 | +8.3% |
| Land and buildings | 22 | €50,988 | €81,365 | +€30,378 | +59.6% |
| Plant, machinery and equipment | 23 | €10,950 | €119,164 | +€108,214 | +988% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €584,305 | €499,390 | -€84,915 | -14.5% |
| Current assets | 29/58 | €58,710 | €100,967 | +€42,256 | +72.0% |
| Stocks and contracts in progress | 3 | €2,430 | €1,916 | -€514 | -21.2% |
| Stocks | 30/36 | €2,430 | €1,916 | -€514 | -21.2% |
| Amounts receivable within one year | 40/41 | €1,946 | €2,789 | +€844 | +43.3% |
| Trade receivables | 40 | €497 | €599 | +€102 | +20.5% |
| Other amounts receivable | 41 | €1,449 | €2,190 | +€742 | +51.2% |
| Cash at bank and in hand | 54/58 | €51,630 | €93,392 | +€41,761 | +80.9% |
| Deferred charges and accrued income | 490/1 | €2,704 | €2,870 | +€166 | +6.1% |
| Total equity and liabilities | 10/49 | €704,953 | €800,886 | +€95,933 | +13.6% |
| Equity | 10/15 | €614,971 | €597,008 | -€17,962 | -2.9% |
| Contributions | 10/11 | €959,203 | €959,203 | = | 0.0% |
| Reserves | 13 | €4,426 | €0 | -€4,426 | -100% |
| Distributable reserves | 133 | €4,426 | €0 | -€4,426 | -100% |
| Profit (loss) carried forward | 14 | -€348,659 | -€362,195 | -€13,536 | -3.9% |
| Amounts payable | 17/49 | €89,982 | €203,878 | +€113,896 | +127% |
| Amounts payable after more than one year | 17 | €63,461 | €161,393 | +€97,932 | +154% |
| Financial debts | 170/4 | €63,461 | €161,393 | +€97,932 | +154% |
| Amounts payable within one year | 42/48 | €26,521 | €42,485 | +€15,964 | +60.2% |
| Current portion of amounts payable after more than one year | 42 | €9,034 | €20,977 | +€11,943 | +132% |
| Financial debts | 43 | - | €2,176 | +€2,176 | |
| Other loans | 439 | - | €2,176 | +€2,176 | |
| Trade debts | 44 | €10,498 | €11,619 | +€1,121 | +10.7% |
| Suppliers | 440/4 | €10,498 | €11,619 | +€1,121 | +10.7% |
| Taxes, remuneration and social security | 45 | €1,979 | €2,703 | +€724 | +36.6% |
| Taxes | 450/3 | €1,979 | €2,703 | +€724 | +36.6% |
| Other amounts payable | 47/48 | €5,009 | €5,009 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €120 | €0 | -€120 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,009 | €106,375 | -€21,634 | -16.9% |
| Other operating charges | 640/8 | €12,143 | €10,588 | -€1,555 | -12.8% |
| Gross operating margin | 9900 | €86,653 | €110,671 | +€24,018 | +27.7% |
| Operating profit (loss) | 9901 | -€53,619 | -€6,292 | +€47,327 | +88.3% |
| Financial income | 75/76B | €298 | €273 | -€25 | -8.4% |
| Recurring financial income | 75 | €298 | €273 | -€25 | -8.4% |
| Financial charges | 65/66B | €6,981 | €7,379 | +€398 | +5.7% |
| Recurring financial charges | 65 | €6,981 | €7,379 | +€398 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€60,302 | -€13,397 | +€46,905 | +77.8% |
| Income taxes | 67/77 | €138 | €139 | +€1 | +0.6% |
| Profit (loss) for the period | 9904 | -€60,440 | -€13,536 | +€46,904 | +77.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,440 | -€13,536 | +€46,904 | +77.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.