PROSQUARE CONSULT: 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.
PROSQUARE CONSULT
Largest movements
- Tangible fixed assets +€147,122
new in 2025: €147,122
- Current investments +€57,916
new in 2025: €57,916
- Cash -€14,291
down €14,291 (-47.6%), from €30,048 to €15,757
mainly Investment in fixed assets (net) (-€160,373) and Current investments (-€57,916)
- Current portion of long-term debt +€146,307
new in 2025: €146,307
- Profit (loss) carried forward +€43,902
up €43,902 (+39.6%), from -€110,960 to -€67,058
- Tax, wage and social debts +€4,087
up €4,087 (+33.0%), from €12,377 to €16,464
- Other debts -€3,650
down €3,650 (-6.7%), from €54,182 to €50,532
- Accrued charges and deferred income -€2,843
no longer reported in 2025 (was €2,843)
- Gross operating margin +€25,073
up €25,073 (+44.6%), from €56,241 to €81,314
- Depreciation +€12,865
up €12,865 (+3,333%), from €386 to €13,251
- Taxes +€4,561
up €4,561 (+33.4%), from €13,673 to €18,233
- Financial charges +€3,820
up €3,820 (+338%), from €1,129 to €4,948
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 | €73,329 | €261,774 | +€188,445 | +257% |
| Fixed assets | 21/28 | €25,780 | €172,902 | +€147,122 | +571% |
| Tangible fixed assets | 22/27 | - | €147,122 | +€147,122 | |
| Assets under construction and advance payments | 27 | - | €147,122 | +€147,122 | |
| Financial fixed assets | 28 | €25,780 | €25,780 | = | 0.0% |
| Current assets | 29/58 | €47,549 | €88,872 | +€41,323 | +86.9% |
| Amounts receivable within one year | 40/41 | €15,501 | €15,199 | -€302 | -1.9% |
| Trade receivables | 40 | €13,371 | €14,944 | +€1,573 | +11.8% |
| Other amounts receivable | 41 | €2,131 | €256 | -€1,875 | -88.0% |
| Current investments | 50/53 | - | €57,916 | +€57,916 | |
| Cash at bank and in hand | 54/58 | €30,048 | €15,757 | -€14,291 | -47.6% |
| Deferred charges and accrued income | 490/1 | €2,000 | - | -€2,000 | |
| Total equity and liabilities | 10/49 | €73,329 | €261,774 | +€188,445 | +257% |
| Equity | 10/15 | €3,906 | €47,808 | +€43,902 | +1,124% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €29,866 | €29,866 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,500 | €13,500 | = | 0.0% |
| Other | 1319 | €13,500 | €13,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,768 | €11,768 | = | 0.0% |
| Distributable reserves | 133 | €4,597 | €4,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,960 | -€67,058 | +€43,902 | +39.6% |
| Amounts payable | 17/49 | €69,423 | €213,966 | +€144,543 | +208% |
| Amounts payable within one year | 42/48 | €66,580 | €213,966 | +€147,386 | +221% |
| Current portion of amounts payable after more than one year | 42 | - | €146,307 | +€146,307 | |
| Trade debts | 44 | €21 | €663 | +€642 | +3,121% |
| Suppliers | 440/4 | €21 | €663 | +€642 | +3,121% |
| Taxes, remuneration and social security | 45 | €12,377 | €16,464 | +€4,087 | +33.0% |
| Taxes | 450/3 | €12,377 | €16,464 | +€4,087 | +33.0% |
| Other amounts payable | 47/48 | €54,182 | €50,532 | -€3,650 | -6.7% |
| Accrued charges and deferred income | 492/3 | €2,843 | - | -€2,843 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386 | €13,251 | +€12,865 | +3,333% |
| Other operating charges | 640/8 | €603 | €979 | +€376 | +62.3% |
| Gross operating margin | 9900 | €56,241 | €81,314 | +€25,073 | +44.6% |
| Operating profit (loss) | 9901 | €55,251 | €67,084 | +€11,832 | +21.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,129 | €4,948 | +€3,820 | +338% |
| Recurring financial charges | 65 | €1,129 | €4,948 | +€3,820 | +338% |
| Profit (loss) for the period before taxes | 9903 | €54,123 | €62,136 | +€8,013 | +14.8% |
| Income taxes | 67/77 | €13,673 | €18,233 | +€4,561 | +33.4% |
| Profit (loss) for the period | 9904 | €40,450 | €43,902 | +€3,452 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,450 | €43,902 | +€3,452 | +8.5% |
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 14 October 2026 via checked.be.