PROXICITY: 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.
PROXICITY
Largest movements
- Tangible fixed assets +€4,224
up €4,224 (+34.3%), from €12,328 to €16,551
of which Plant, machinery and equipment: +€4,238
- Cash +€1,923
up €1,923 (+14.0%), from €13,717 to €15,640
mainly Net result for the year (+€21,989) and Depreciation (+€5,144)
- Profit (loss) carried forward +€21,989
up €21,989 (+10.5%), from -€208,460 to -€186,471
- Current portion of long-term debt -€18,281
no longer reported in 2025 (was €18,281)
- Trade debts +€2,457
up €2,457 (+34.1%), from €7,204 to €9,661
- Debts after one year +€1,722
new in 2025: €1,722
- Other debts -€1,673
down €1,673 (-0.9%), from €191,892 to €190,220
- Depreciation -€17,491
down €17,491 (-77.3%), from €22,635 to €5,144
- Gross operating margin -€5,332
down €5,332 (-15.3%), from €34,880 to €29,548
- Financial charges +€986
up €986 (+68.8%), from €1,432 to €2,418
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 | €27,517 | €33,732 | +€6,215 | +22.6% |
| Fixed assets | 21/28 | €12,328 | €16,551 | +€4,224 | +34.3% |
| Tangible fixed assets | 22/27 | €12,328 | €16,551 | +€4,224 | +34.3% |
| Plant, machinery and equipment | 23 | €11,067 | €15,305 | +€4,238 | +38.3% |
| Furniture and vehicles | 24 | €1,261 | €1,246 | -€14 | -1.1% |
| Current assets | 29/58 | €15,189 | €17,180 | +€1,991 | +13.1% |
| Cash at bank and in hand | 54/58 | €13,717 | €15,640 | +€1,923 | +14.0% |
| Deferred charges and accrued income | 490/1 | €1,473 | €1,541 | +€68 | +4.6% |
| Total equity and liabilities | 10/49 | €27,517 | €33,732 | +€6,215 | +22.6% |
| Equity | 10/15 | -€189,860 | -€167,871 | +€21,989 | +11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€208,460 | -€186,471 | +€21,989 | +10.5% |
| Amounts payable | 17/49 | €217,377 | €201,603 | -€15,774 | -7.3% |
| Amounts payable after more than one year | 17 | - | €1,722 | +€1,722 | |
| Other amounts payable | 178/9 | - | €1,722 | +€1,722 | |
| Amounts payable within one year | 42/48 | €217,377 | €199,880 | -€17,497 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €18,281 | - | -€18,281 | |
| Trade debts | 44 | €7,204 | €9,661 | +€2,457 | +34.1% |
| Suppliers | 440/4 | €7,204 | €9,661 | +€2,457 | +34.1% |
| Other amounts payable | 47/48 | €191,892 | €190,220 | -€1,673 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,635 | €5,144 | -€17,491 | -77.3% |
| Gross operating margin | 9900 | €34,880 | €29,548 | -€5,332 | -15.3% |
| Operating profit (loss) | 9901 | €12,245 | €24,404 | +€12,159 | +99.3% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €1,432 | €2,418 | +€986 | +68.8% |
| Recurring financial charges | 65 | €1,432 | €2,418 | +€986 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €10,813 | €21,989 | +€11,176 | +103.4% |
| Profit (loss) for the period | 9904 | €10,813 | €21,989 | +€11,176 | +103.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,813 | €21,989 | +€11,176 | +103.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.