PROQUITY: 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.
PROQUITY
Largest movements
- Current investments +€659,865
up €659,865 (+271.7%), from €242,909 to €902,774
- Tangible fixed assets -€272,550
down €272,550 (-9.1%), from €3.0m to €2.7m
of which Land and buildings: -€247,514
- Reserves +€404,450
up €404,450 (+11.2%), from €3.6m to €4.0m
of which Distributable reserves: +€215,000
- Trade debts -€49,765
down €49,765 (-95.8%), from €51,956 to €2,191
- Financial income -€362,649
down €362,649 (-36.5%), from €993,331 to €630,682
- Taxes -€107,800
down €107,800 (-41.5%), from €259,454 to €151,654
- Gross operating margin +€54,846
up €54,846 (+41.3%), from €132,950 to €187,796
- Other operating charges -€22,687
down €22,687 (-65.2%), from €34,802 to €12,115
- Depreciation +€21,538
up €21,538 (+15.0%), from €143,984 to €165,522
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 | €3,780,119 | €4,121,753 | +€341,634 | +9.0% |
| Fixed assets | 21/28 | €3,147,198 | €2,840,240 | -€306,957 | -9.8% |
| Tangible fixed assets | 22/27 | €2,991,653 | €2,719,103 | -€272,550 | -9.1% |
| Land and buildings | 22 | €2,889,144 | €2,641,630 | -€247,514 | -8.6% |
| Plant, machinery and equipment | 23 | €3,010 | €1,762 | -€1,249 | -41.5% |
| Furniture and vehicles | 24 | €99,499 | €75,711 | -€23,788 | -23.9% |
| Financial fixed assets | 28 | €155,545 | €121,137 | -€34,407 | -22.1% |
| Current assets | 29/58 | €632,921 | €1,281,512 | +€648,591 | +102.5% |
| Amounts receivable after more than one year | 29 | €256,092 | €256,092 | = | 0.0% |
| Other amounts receivable | 291 | €256,092 | €256,092 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €91,232 | €61,990 | -€29,242 | -32.1% |
| Trade receivables | 40 | €72,824 | €37,366 | -€35,458 | -48.7% |
| Other amounts receivable | 41 | €18,408 | €24,624 | +€6,216 | +33.8% |
| Current investments | 50/53 | €242,909 | €902,774 | +€659,865 | +271.7% |
| Cash at bank and in hand | 54/58 | €42,689 | €60,657 | +€17,968 | +42.1% |
| Total equity and liabilities | 10/49 | €3,780,119 | €4,121,753 | +€341,634 | +9.0% |
| Equity | 10/15 | €3,671,053 | €4,074,451 | +€403,398 | +11.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €3,605,367 | €4,009,817 | +€404,450 | +11.2% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €324,170 | €513,620 | +€189,450 | +58.4% |
| Distributable reserves | 133 | €3,275,000 | €3,490,000 | +€215,000 | +6.6% |
| Profit (loss) carried forward | 14 | €3,712 | €2,660 | -€1,052 | -28.3% |
| Amounts payable | 17/49 | €109,067 | €47,302 | -€61,765 | -56.6% |
| Amounts payable within one year | 42/48 | €109,067 | €44,993 | -€64,074 | -58.7% |
| Trade debts | 44 | €51,956 | €2,191 | -€49,765 | -95.8% |
| Suppliers | 440/4 | €51,956 | €2,191 | -€49,765 | -95.8% |
| Taxes, remuneration and social security | 45 | €19,036 | €14,219 | -€4,816 | -25.3% |
| Taxes | 450/3 | €19,036 | €14,219 | -€4,816 | -25.3% |
| Other amounts payable | 47/48 | €38,075 | €28,582 | -€9,493 | -24.9% |
| Accrued charges and deferred income | 492/3 | - | €2,309 | +€2,309 | |
| Non-recurring operating income | 76A | €10,452 | - | -€10,452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,984 | €165,522 | +€21,538 | +15.0% |
| Other operating charges | 640/8 | €34,802 | €12,115 | -€22,687 | -65.2% |
| Non-recurring operating charges | 66A | €19,304 | €22,057 | +€2,754 | +14.3% |
| Gross operating margin | 9900 | €132,950 | €187,796 | +€54,846 | +41.3% |
| Operating profit (loss) | 9901 | -€65,140 | -€11,898 | +€53,242 | +81.7% |
| Financial income | 75/76B | €993,331 | €630,682 | -€362,649 | -36.5% |
| Recurring financial income | 75 | €993,331 | €630,682 | -€362,649 | -36.5% |
| Financial charges | 65/66B | €3,933 | €3,731 | -€201 | -5.1% |
| Recurring financial charges | 65 | €3,933 | €3,731 | -€201 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €924,259 | €615,053 | -€309,206 | -33.5% |
| Income taxes | 67/77 | €259,454 | €151,654 | -€107,800 | -41.5% |
| Profit (loss) for the period | 9904 | €664,805 | €463,398 | -€201,407 | -30.3% |
| Transfer from tax-exempt reserves | 789 | €30,608 | - | -€30,608 | |
| Transfer to tax-exempt reserves | 689 | €324,170 | €189,450 | -€134,720 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €371,243 | €273,948 | -€97,294 | -26.2% |
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 3 October 2026 via checked.be.