PROXASSUR: 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.
PROXASSUR
Largest movements
- Intangible fixed assets +€186,430
up €186,430 (+164.2%), from €113,544 to €299,974
- Receivables within one year +€149,726
up €149,726 (+256.5%), from €58,367 to €208,094
of which Other amounts receivable: +€95,040
- Cash -€95,535
down €95,535 (-75.1%), from €127,216 to €31,681
mainly Investment in fixed assets (net) (-€395,129) and Receivables within one year (-€149,726)
- Tangible fixed assets +€64,342
up €64,342 (+139.6%), from €46,089 to €110,431
of which Other tangible fixed assets: +€50,653
- Financial fixed assets -€11,986
down €11,986 (-29.2%), from €41,099 to €29,112
- Debts after one year +€111,737
up €111,737 (+192.1%), from €58,162 to €169,899
- Other debts +€102,363
new in 2025: €102,363
- Current portion of long-term debt +€53,282
up €53,282 (+83.1%), from €64,094 to €117,376
- Profit (loss) carried forward +€10,837
up €10,837 (+6.9%), from €156,664 to €167,500
- Tax, wage and social debts +€8,759
up €8,759 (+28.3%), from €30,924 to €39,683
of which Taxes: +€7,514
- Gross operating margin +€117,507
up €117,507 (+34.6%), from €339,474 to €456,981
- Depreciation +€71,244
up €71,244 (+83.7%), from €85,099 to €156,342
- Staff costs +€35,596
up €35,596 (+29.4%), from €120,903 to €156,499
- Taxes +€21,289
up €21,289 (+73.2%), from €29,080 to €50,369
- Financial charges -€7,301
down €7,301 (-44.6%), from €16,354 to €9,053
of which Non-recurring financial charges: -€9,763
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 | €386,575 | €681,455 | +€294,880 | +76.3% |
| Fixed assets | 21/28 | €200,731 | €439,518 | +€238,786 | +119.0% |
| Intangible fixed assets | 21 | €113,544 | €299,974 | +€186,430 | +164.2% |
| Tangible fixed assets | 22/27 | €46,089 | €110,431 | +€64,342 | +139.6% |
| Plant, machinery and equipment | 23 | €198 | €18,097 | +€17,899 | +9033.9% |
| Furniture and vehicles | 24 | €45,891 | €41,681 | -€4,209 | -9.2% |
| Other tangible fixed assets | 26 | - | €50,653 | +€50,653 | |
| Financial fixed assets | 28 | €41,099 | €29,112 | -€11,986 | -29.2% |
| Current assets | 29/58 | €185,844 | €241,938 | +€56,094 | +30.2% |
| Amounts receivable within one year | 40/41 | €58,367 | €208,094 | +€149,726 | +256.5% |
| Trade receivables | 40 | €58,367 | €113,054 | +€54,686 | +93.7% |
| Other amounts receivable | 41 | - | €95,040 | +€95,040 | |
| Cash at bank and in hand | 54/58 | €127,216 | €31,681 | -€95,535 | -75.1% |
| Deferred charges and accrued income | 490/1 | €260 | €2,162 | +€1,902 | +731.3% |
| Total equity and liabilities | 10/49 | €386,575 | €681,455 | +€294,880 | +76.3% |
| Equity | 10/15 | €224,559 | €241,595 | +€17,037 | +7.6% |
| Contributions | 10/11 | €18,600 | €24,800 | +€6,200 | +33.3% |
| Reserves | 13 | €49,295 | €49,295 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,095 | €1,095 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,095 | €1,095 | = | 0.0% |
| Distributable reserves | 133 | €48,200 | €48,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,664 | €167,500 | +€10,837 | +6.9% |
| Amounts payable | 17/49 | €162,016 | €439,860 | +€277,843 | +171.5% |
| Amounts payable after more than one year | 17 | €58,162 | €169,899 | +€111,737 | +192.1% |
| Financial debts | 170/4 | €58,162 | €169,899 | +€111,737 | +192.1% |
| Amounts payable within one year | 42/48 | €103,854 | €269,960 | +€166,106 | +159.9% |
| Current portion of amounts payable after more than one year | 42 | €64,094 | €117,376 | +€53,282 | +83.1% |
| Trade debts | 44 | €8,836 | €10,538 | +€1,702 | +19.3% |
| Suppliers | 440/4 | €8,836 | €10,538 | +€1,702 | +19.3% |
| Taxes, remuneration and social security | 45 | €30,924 | €39,683 | +€8,759 | +28.3% |
| Taxes | 450/3 | €13,034 | €20,548 | +€7,514 | +57.7% |
| Remuneration and social security | 454/9 | €17,890 | €19,135 | +€1,245 | +7.0% |
| Other amounts payable | 47/48 | - | €102,363 | +€102,363 | |
| Non-recurring operating income | 76A | - | €54,500 | +€54,500 | |
| Remuneration, social security and pensions | 62 | €120,903 | €156,499 | +€35,596 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,099 | €156,342 | +€71,244 | +83.7% |
| Other operating charges | 640/8 | €2,091 | €1,973 | -€118 | -5.7% |
| Non-recurring operating charges | 66A | - | €198 | +€198 | |
| Gross operating margin | 9900 | €339,474 | €456,981 | +€117,507 | +34.6% |
| Operating profit (loss) | 9901 | €131,380 | €141,968 | +€10,588 | +8.1% |
| Financial income | 75/76B | €735 | €1,029 | +€294 | +40.0% |
| Recurring financial income | 75 | €735 | €1,029 | +€294 | +40.0% |
| Financial charges | 65/66B | €16,354 | €9,053 | -€7,301 | -44.6% |
| Recurring financial charges | 65 | €6,591 | €9,053 | +€2,462 | +37.4% |
| Non-recurring financial charges | 66B | €9,763 | - | -€9,763 | |
| Profit (loss) for the period before taxes | 9903 | €115,761 | €133,944 | +€18,183 | +15.7% |
| Income taxes | 67/77 | €29,080 | €50,369 | +€21,289 | +73.2% |
| Profit (loss) for the period | 9904 | €86,681 | €83,575 | -€3,106 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €86,681 | €83,575 | -€3,106 | -3.6% |
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 9 October 2026 via checked.be.