PROPULSS: 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.
PROPULSS
Largest movements
- Tangible fixed assets +€8,099
up €8,099 (+155.2%), from €5,219 to €13,318
- Cash -€2,327
down €2,327 (-98.6%), from €2,361 to €34
mainly Investment in fixed assets (net) (-€14,779) and Other debts (-€10,014)
- Receivables within one year +€1,928
up €1,928 (+60.0%), from €3,214 to €5,143
- Deferred charges and accrued income +€583
up €583 (+49.9%), from €1,169 to €1,752
- Profit (loss) carried forward +€18,276
up €18,276 (+56.6%), from -€32,269 to -€13,993
- Other debts -€10,014
down €10,014 (-25.2%), from €39,790 to €29,776
- Gross operating margin +€16,452
up €16,452 (+169.6%), from €9,698 to €26,150
- Depreciation +€4,396
up €4,396 (+192.5%), from €2,284 to €6,680
- Other operating charges -€867
down €867 (-99.6%), from €870 to €4
- Taxes +€581
up €581 (+164.1%), from €354 to €935
- Financial charges -€419
down €419 (-62.2%), from €673 to €255
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,963 | €20,247 | +€8,284 | +69.2% |
| Fixed assets | 21/28 | €5,219 | €13,318 | +€8,099 | +155.2% |
| Tangible fixed assets | 22/27 | €5,219 | €13,318 | +€8,099 | +155.2% |
| Furniture and vehicles | 24 | €5,219 | €13,318 | +€8,099 | +155.2% |
| Current assets | 29/58 | €6,744 | €6,928 | +€185 | +2.7% |
| Amounts receivable within one year | 40/41 | €3,214 | €5,143 | +€1,928 | +60.0% |
| Trade receivables | 40 | €3,214 | €5,143 | +€1,928 | +60.0% |
| Cash at bank and in hand | 54/58 | €2,361 | €34 | -€2,327 | -98.6% |
| Deferred charges and accrued income | 490/1 | €1,169 | €1,752 | +€583 | +49.9% |
| Total equity and liabilities | 10/49 | €11,963 | €20,247 | +€8,284 | +69.2% |
| Equity | 10/15 | -€29,769 | -€11,493 | +€18,276 | +61.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,269 | -€13,993 | +€18,276 | +56.6% |
| Amounts payable | 17/49 | €41,732 | €31,740 | -€9,992 | -23.9% |
| Amounts payable within one year | 42/48 | €41,732 | €31,740 | -€9,992 | -23.9% |
| Trade debts | 44 | €211 | €212 | +€1 | +0.3% |
| Suppliers | 440/4 | €211 | €212 | +€1 | +0.3% |
| Taxes, remuneration and social security | 45 | €1,730 | €1,752 | +€22 | +1.2% |
| Taxes | 450/3 | €1,730 | €1,752 | +€22 | +1.2% |
| Other amounts payable | 47/48 | €39,790 | €29,776 | -€10,014 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,284 | €6,680 | +€4,396 | +192.5% |
| Other operating charges | 640/8 | €870 | €4 | -€867 | -99.6% |
| Gross operating margin | 9900 | €9,698 | €26,150 | +€16,452 | +169.6% |
| Operating profit (loss) | 9901 | €6,543 | €19,466 | +€12,922 | +197.5% |
| Financial charges | 65/66B | €673 | €255 | -€419 | -62.2% |
| Recurring financial charges | 65 | €673 | €255 | -€419 | -62.2% |
| Profit (loss) for the period before taxes | 9903 | €5,870 | €19,211 | +€13,341 | +227.3% |
| Income taxes | 67/77 | €354 | €935 | +€581 | +164.1% |
| Profit (loss) for the period | 9904 | €5,516 | €18,276 | +€12,760 | +231.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,516 | €18,276 | +€12,760 | +231.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.