PROXIFIN: 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.
PROXIFIN
Largest movements
- Tangible fixed assets -€22,969
down €22,969 (-5.1%), from €450,712 to €427,744
of which Land and buildings: -€13,772
- Debts after one year -€28,468
down €28,468 (-14.8%), from €192,911 to €164,443
- Other debts +€9,925
up €9,925 (+49.1%), from €20,218 to €30,143
- Profit (loss) carried forward +€6,610
up €6,610 (+15.7%), from -€42,198 to -€35,588
- Reserves -€5,625
down €5,625 (-3.3%), from €170,625 to €165,000
- Gross operating margin +€7,006
up €7,006 (+24.6%), from €28,527 to €35,533
- Financial charges -€1,806
down €1,806 (-39.7%), from €4,547 to €2,741
- Depreciation -€481
down €481 (-1.8%), from €26,717 to €26,236
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €452,821 | €428,261 | -€24,560 | -5.4% |
| Fixed assets | 21/28 | €452,432 | €427,744 | -€24,689 | -5.5% |
| Tangible fixed assets | 22/27 | €450,712 | €427,744 | -€22,969 | -5.1% |
| Land and buildings | 22 | €419,114 | €405,342 | -€13,772 | -3.3% |
| Plant, machinery and equipment | 23 | €31,598 | €22,402 | -€9,196 | -29.1% |
| Financial fixed assets | 28 | €1,720 | - | -€1,720 | |
| Current assets | 29/58 | €388 | €517 | +€129 | +33.2% |
| Current investments | 50/53 | - | €517 | +€517 | |
| Deferred charges and accrued income | 490/1 | €388 | - | -€388 | |
| Total equity and liabilities | 10/49 | €452,821 | €428,261 | -€24,560 | -5.4% |
| Equity | 10/15 | €146,713 | €147,698 | +€985 | +0.7% |
| Contributions | 10/11 | €18,286 | €18,286 | = | 0.0% |
| Reserves | 13 | €170,625 | €165,000 | -€5,625 | -3.3% |
| Tax-exempt reserves | 132 | €170,625 | €165,000 | -€5,625 | -3.3% |
| Profit (loss) carried forward | 14 | -€42,198 | -€35,588 | +€6,610 | +15.7% |
| Provisions and deferred taxes | 16 | €56,875 | €55,000 | -€1,875 | -3.3% |
| Deferred taxes | 168 | €56,875 | €55,000 | -€1,875 | -3.3% |
| Amounts payable | 17/49 | €249,232 | €225,563 | -€23,669 | -9.5% |
| Amounts payable after more than one year | 17 | €192,911 | €164,443 | -€28,468 | -14.8% |
| Financial debts | 170/4 | €192,911 | €164,443 | -€28,468 | -14.8% |
| Amounts payable within one year | 42/48 | €51,498 | €57,714 | +€6,216 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €27,934 | €27,204 | -€729 | -2.6% |
| Financial debts | 43 | €2,880 | - | -€2,880 | |
| Credit institutions | 430/8 | €2,880 | - | -€2,880 | |
| Trade debts | 44 | €466 | €366 | -€100 | -21.5% |
| Suppliers | 440/4 | €466 | €366 | -€100 | -21.5% |
| Other amounts payable | 47/48 | €20,218 | €30,143 | +€9,925 | +49.1% |
| Accrued charges and deferred income | 492/3 | €4,824 | €3,407 | -€1,417 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,717 | €26,236 | -€481 | -1.8% |
| Other operating charges | 640/8 | €7,222 | €7,447 | +€225 | +3.1% |
| Gross operating margin | 9900 | €28,527 | €35,533 | +€7,006 | +24.6% |
| Operating profit (loss) | 9901 | -€5,412 | €1,851 | +€7,262 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,547 | €2,741 | -€1,806 | -39.7% |
| Recurring financial charges | 65 | €4,547 | €2,741 | -€1,806 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,958 | -€890 | +€9,068 | +91.1% |
| Transfer from deferred taxes | 780 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€8,083 | €985 | +€9,068 | |
| Transfer from tax-exempt reserves | 789 | €5,625 | €5,625 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,458 | €6,610 | +€9,068 |
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 12 October 2026 via checked.be.