Proxi & Co: 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.
Proxi & Co
Largest movements
- Stocks and contracts +€75,030
up €75,030 (+56.0%), from €133,951 to €208,981
- Tangible fixed assets -€44,753
down €44,753 (-2.9%), from €1.5m to €1.5m
of which Land and buildings: -€57,749
- Receivables within one year +€32,127
up €32,127 (+146%), from €21,990 to €54,117
of which Other amounts receivable: +€16,598
- Debts after one year +€315,006
up €315,006 (+23.9%), from €1.3m to €1.6m
of which Trade debts: +€175,699
- Profit (loss) carried forward -€281,662
down €281,662 (-131%), from -€214,450 to -€496,112
- Trade debts -€38,543
down €38,543 (-22.2%), from €173,982 to €135,440
- Other debts +€30,029
up €30,029 (+626%), from €4,798 to €34,827
- Tax, wage and social debts +€21,488
up €21,488 (+64.2%), from €33,455 to €54,943
of which Taxes: +€22,652
- Staff costs +€164,691
up €164,691 (+188%), from €87,386 to €252,078
- Gross operating margin +€78,454
up €78,454 (+188%), from €41,647 to €120,101
- Financial charges +€27,639
up €27,639 (+118%), from €23,495 to €51,134
- Depreciation +€26,960
up €26,960 (+39.7%), from €67,990 to €94,950
- Other operating charges -€1,829
down €1,829 (-12.0%), from €15,187 to €13,358
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 | €1,799,949 | €1,848,118 | +€48,169 | +2.7% |
| Formation expenses | 20 | €38,542 | €34,542 | -€4,000 | -10.4% |
| Fixed assets | 21/28 | €1,593,379 | €1,543,516 | -€49,863 | -3.1% |
| Intangible fixed assets | 21 | €51,098 | €45,988 | -€5,110 | -10.0% |
| Tangible fixed assets | 22/27 | €1,541,587 | €1,496,834 | -€44,753 | -2.9% |
| Land and buildings | 22 | €1,433,715 | €1,375,966 | -€57,749 | -4.0% |
| Plant, machinery and equipment | 23 | €102,075 | €116,846 | +€14,771 | +14.5% |
| Furniture and vehicles | 24 | €5,797 | €4,022 | -€1,776 | -30.6% |
| Financial fixed assets | 28 | €694 | €694 | = | 0.0% |
| Current assets | 29/58 | €168,027 | €270,059 | +€102,032 | +60.7% |
| Stocks and contracts in progress | 3 | €133,951 | €208,981 | +€75,030 | +56.0% |
| Stocks | 30/36 | €133,951 | €208,981 | +€75,030 | +56.0% |
| Amounts receivable within one year | 40/41 | €21,990 | €54,117 | +€32,127 | +146% |
| Trade receivables | 40 | €5,273 | €20,802 | +€15,530 | +295% |
| Other amounts receivable | 41 | €16,718 | €33,315 | +€16,598 | +99.3% |
| Cash at bank and in hand | 54/58 | €10,032 | €4,782 | -€5,250 | -52.3% |
| Deferred charges and accrued income | 490/1 | €2,055 | €2,179 | +€124 | +6.0% |
| Total equity and liabilities | 10/49 | €1,799,949 | €1,848,118 | +€48,169 | +2.7% |
| Equity | 10/15 | €92,132 | -€195,544 | -€287,676 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €266,582 | €260,568 | -€6,014 | -2.3% |
| Tax-exempt reserves | 132 | €138,499 | €132,485 | -€6,014 | -4.3% |
| Distributable reserves | 133 | €128,083 | €128,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€214,450 | -€496,112 | -€281,662 | -131% |
| Provisions and deferred taxes | 16 | €71,316 | €68,220 | -€3,097 | -4.3% |
| Deferred taxes | 168 | €71,316 | €68,220 | -€3,097 | -4.3% |
| Amounts payable | 17/49 | €1,636,501 | €1,975,442 | +€338,942 | +20.7% |
| Amounts payable after more than one year | 17 | €1,315,789 | €1,630,795 | +€315,006 | +23.9% |
| Financial debts | 170/4 | €1,215,789 | €1,355,096 | +€139,307 | +11.5% |
| Trade debts | 175 | €100,000 | €275,699 | +€175,699 | +176% |
| Amounts payable within one year | 42/48 | €320,711 | €344,647 | +€23,936 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €108,476 | €119,437 | +€10,961 | +10.1% |
| Trade debts | 44 | €173,982 | €135,440 | -€38,543 | -22.2% |
| Suppliers | 440/4 | €173,982 | €135,440 | -€38,543 | -22.2% |
| Taxes, remuneration and social security | 45 | €33,455 | €54,943 | +€21,488 | +64.2% |
| Taxes | 450/3 | €4,117 | €26,769 | +€22,652 | +550% |
| Remuneration and social security | 454/9 | €29,338 | €28,174 | -€1,164 | -4.0% |
| Other amounts payable | 47/48 | €4,798 | €34,827 | +€30,029 | +626% |
| Remuneration, social security and pensions | 62 | €87,386 | €252,078 | +€164,691 | +188% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,990 | €94,950 | +€26,960 | +39.7% |
| Other operating charges | 640/8 | €15,187 | €13,358 | -€1,829 | -12.0% |
| Gross operating margin | 9900 | €41,647 | €120,101 | +€78,454 | +188% |
| Operating profit (loss) | 9901 | -€128,916 | -€240,284 | -€111,368 | -86.4% |
| Financial income | 75/76B | €1,157 | €646 | -€511 | -44.2% |
| Recurring financial income | 75 | €1,157 | €646 | -€511 | -44.2% |
| Financial charges | 65/66B | €23,495 | €51,134 | +€27,639 | +118% |
| Recurring financial charges | 65 | €23,495 | €51,134 | +€27,639 | +118% |
| Profit (loss) for the period before taxes | 9903 | -€151,254 | -€290,773 | -€139,519 | -92.2% |
| Transfer from deferred taxes | 780 | €3,097 | €3,097 | +€0 | 0.0% |
| Income taxes | 67/77 | -€9 | - | +€9 | |
| Profit (loss) for the period | 9904 | -€148,148 | -€287,676 | -€139,527 | -94.2% |
| Transfer from tax-exempt reserves | 789 | €6,014 | €6,014 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€142,135 | -€281,662 | -€139,527 | -98.2% |
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 17 October 2026 via checked.be.