PROPRIUS: 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.
PROPRIUS
Largest movements
- Receivables within one year -€37,213
down €37,213 (-12.5%), from €298,694 to €261,480
of which Other amounts receivable: -€46,941
- Tangible fixed assets +€5,301
up €5,301 (+3.7%), from €141,566 to €146,866
of which Plant, machinery and equipment: +€10,168
- Trade debts -€64,224
down €64,224 (-84.5%), from €75,984 to €11,760
- Other debts +€44,021
up €44,021 (+35.7%), from €123,167 to €167,188
- Debts after one year -€5,609
down €5,609 (-5.9%), from €95,437 to €89,828
of which Financial debts: -€5,609
- Depreciation +€5,068
up €5,068 (+816.2%), from €621 to €5,689
- Gross operating margin -€1,816
down €1,816 (-26.2%), from €6,932 to €5,115
- Taxes -€862
no longer reported in 2025 (was €862)
- Financial charges -€852
down €852 (-78.6%), from €1,084 to €232
- Other operating charges -€466
no longer reported in 2025 (was €466)
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 | €457,392 | €426,478 | -€30,913 | -6.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €157,781 | €163,081 | +€5,301 | +3.4% |
| Tangible fixed assets | 22/27 | €141,566 | €146,866 | +€5,301 | +3.7% |
| Land and buildings | 22 | €140,612 | €136,352 | -€4,260 | -3.0% |
| Plant, machinery and equipment | 23 | €0 | €10,168 | +€10,168 | |
| Furniture and vehicles | 24 | €954 | €346 | -€608 | -63.7% |
| Financial fixed assets | 28 | €16,215 | €16,215 | = | 0.0% |
| Current assets | 29/58 | €299,611 | €263,397 | -€36,214 | -12.1% |
| Amounts receivable within one year | 40/41 | €298,694 | €261,480 | -€37,213 | -12.5% |
| Trade receivables | 40 | €4,355 | €14,082 | +€9,728 | +223.4% |
| Other amounts receivable | 41 | €294,339 | €247,398 | -€46,941 | -15.9% |
| Cash at bank and in hand | 54/58 | €917 | €1,917 | +€999 | +108.9% |
| Total equity and liabilities | 10/49 | €457,392 | €426,478 | -€30,913 | -6.8% |
| Equity | 10/15 | €130,770 | €129,963 | -€807 | -0.6% |
| Contributions | 10/11 | €55,792 | €55,792 | = | 0.0% |
| Reserves | 13 | €74,987 | €74,987 | = | 0.0% |
| Tax-exempt reserves | 132 | €69,228 | €69,228 | = | 0.0% |
| Distributable reserves | 133 | €5,760 | €5,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9 | -€816 | -€807 | -8873.3% |
| Provisions and deferred taxes | 16 | €26,457 | €26,457 | = | 0.0% |
| Deferred taxes | 168 | €26,457 | €26,457 | = | 0.0% |
| Amounts payable | 17/49 | €300,165 | €270,058 | -€30,107 | -10.0% |
| Amounts payable after more than one year | 17 | €95,437 | €89,828 | -€5,609 | -5.9% |
| Financial debts | 170/4 | €95,437 | €89,828 | -€5,609 | -5.9% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €204,728 | €180,230 | -€24,497 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €4,563 | €1,282 | -€3,281 | -71.9% |
| Trade debts | 44 | €75,984 | €11,760 | -€64,224 | -84.5% |
| Suppliers | 440/4 | €75,984 | €11,760 | -€64,224 | -84.5% |
| Taxes, remuneration and social security | 45 | €1,014 | - | -€1,014 | |
| Taxes | 450/3 | €1,014 | - | -€1,014 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €123,167 | €167,188 | +€44,021 | +35.7% |
| Non-recurring operating income | 76A | - | €2 | +€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €621 | €5,689 | +€5,068 | +816.2% |
| Other operating charges | 640/8 | €466 | - | -€466 | |
| Gross operating margin | 9900 | €6,932 | €5,115 | -€1,816 | -26.2% |
| Operating profit (loss) | 9901 | €5,845 | -€574 | -€6,419 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,084 | €232 | -€852 | -78.6% |
| Recurring financial charges | 65 | €1,084 | €232 | -€852 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €4,762 | -€807 | -€5,568 | |
| Transfer from deferred taxes | 780 | €3 | - | -€3 | |
| Income taxes | 67/77 | €862 | - | -€862 | |
| Profit (loss) for the period | 9904 | €3,903 | -€807 | -€4,709 | |
| Transfer from tax-exempt reserves | 789 | €8 | - | -€8 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,911 | -€807 | -€4,717 |
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 30 September 2026 via checked.be.