PROPULSE PRODUCTION: 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.
PROPULSE PRODUCTION
Largest movements
- Cash +€100,877
up €100,877 (+90.3%), from €111,753 to €212,630
mainly Net result for the year (+€133,852) and Tax, wage and social debts (+€72,948)
- Tangible fixed assets -€32,028
down €32,028 (-28.2%), from €113,676 to €81,648
of which Furniture and vehicles: -€37,819
- Receivables within one year +€20,545
up €20,545 (+3.0%), from €686,824 to €707,369
of which Trade receivables: +€25,090
- Reserves +€90,909
up €90,909 (+192%), from €47,315 to €138,224
of which Distributable reserves: +€90,909
- Profit (loss) carried forward -€73,829
down €73,829 (-14.4%), from €512,579 to €438,751
- Tax, wage and social debts +€72,948
up €72,948 (+85.7%), from €85,131 to €158,080
of which Remuneration and social security: +€46,995
- Staff costs +€165,581
up €165,581 (+41.0%), from €404,316 to €569,897
- Taxes -€76,970
down €76,970 (-69.2%), from €111,218 to €34,247
- Gross operating margin +€29,112
up €29,112 (+3.9%), from €749,861 to €778,973
- Depreciation +€10,162
up €10,162 (+39.0%), from €26,036 to €36,198
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 | €922,759 | €1,010,346 | +€87,587 | +9.5% |
| Fixed assets | 21/28 | €122,376 | €90,348 | -€32,028 | -26.2% |
| Tangible fixed assets | 22/27 | €113,676 | €81,648 | -€32,028 | -28.2% |
| Furniture and vehicles | 24 | €111,317 | €73,498 | -€37,819 | -34.0% |
| Leasing and similar rights | 25 | €2,359 | €8,150 | +€5,791 | +245% |
| Financial fixed assets | 28 | €8,700 | €8,700 | = | 0.0% |
| Current assets | 29/58 | €800,383 | €919,998 | +€119,615 | +14.9% |
| Amounts receivable within one year | 40/41 | €686,824 | €707,369 | +€20,545 | +3.0% |
| Trade receivables | 40 | €668,333 | €693,423 | +€25,090 | +3.8% |
| Other amounts receivable | 41 | €18,491 | €13,945 | -€4,545 | -24.6% |
| Cash at bank and in hand | 54/58 | €111,753 | €212,630 | +€100,877 | +90.3% |
| Deferred charges and accrued income | 490/1 | €1,807 | €0 | -€1,807 | -100% |
| Total equity and liabilities | 10/49 | €922,759 | €1,010,346 | +€87,587 | +9.5% |
| Equity | 10/15 | €578,494 | €595,574 | +€17,080 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,315 | €138,224 | +€90,909 | +192% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €45,455 | €136,364 | +€90,909 | +200% |
| Profit (loss) carried forward | 14 | €512,579 | €438,751 | -€73,829 | -14.4% |
| Amounts payable | 17/49 | €344,265 | €414,772 | +€70,507 | +20.5% |
| Amounts payable within one year | 42/48 | €344,265 | €414,772 | +€70,507 | +20.5% |
| Trade debts | 44 | €169,134 | €166,692 | -€2,442 | -1.4% |
| Suppliers | 440/4 | €169,134 | €166,692 | -€2,442 | -1.4% |
| Taxes, remuneration and social security | 45 | €85,131 | €158,080 | +€72,948 | +85.7% |
| Taxes | 450/3 | €42,082 | €68,035 | +€25,953 | +61.7% |
| Remuneration and social security | 454/9 | €43,050 | €90,045 | +€46,995 | +109% |
| Other amounts payable | 47/48 | €90,000 | €90,000 | = | 0.0% |
| Non-recurring operating income | 76A | €12,000 | €0 | -€12,000 | -100% |
| Remuneration, social security and pensions | 62 | €404,316 | €569,897 | +€165,581 | +41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,036 | €36,198 | +€10,162 | +39.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,312 | €4,313 | +€2,002 | +86.6% |
| Gross operating margin | 9900 | €749,861 | €778,973 | +€29,112 | +3.9% |
| Operating profit (loss) | 9901 | €317,197 | €168,565 | -€148,632 | -46.9% |
| Financial income | 75/76B | €97 | €1 | -€97 | -99.2% |
| Recurring financial income | 75 | €97 | €1 | -€97 | -99.2% |
| Financial charges | 65/66B | €259 | €466 | +€207 | +79.8% |
| Recurring financial charges | 65 | €259 | €466 | +€207 | +79.8% |
| Profit (loss) for the period before taxes | 9903 | €317,036 | €168,100 | -€148,936 | -47.0% |
| Income taxes | 67/77 | €111,218 | €34,247 | -€76,970 | -69.2% |
| Profit (loss) for the period | 9904 | €205,818 | €133,852 | -€71,966 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €205,818 | €133,852 | -€71,966 | -35.0% |
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 20 October 2026 via checked.be.