PROXIGES: 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.
PROXIGES
Largest movements
- Receivables within one year +€65,349
up €65,349 (+41.0%), from €159,260 to €224,610
of which Other amounts receivable: +€42,674
- Tangible fixed assets -€36,804
down €36,804 (-24.1%), from €152,656 to €115,852
of which Land and buildings: -€18,549
- Reserves -€236,283
down €236,283 (-58.3%), from €405,525 to €169,242
of which Distributable reserves: -€236,283
- Other debts +€206,225
up €206,225 (+128%), from €160,876 to €367,101
- Trade debts +€64,436
new in 2025: €64,436
- Tax, wage and social debts +€19,040
up €19,040 (+122%), from €15,566 to €34,605
- Debts after one year -€16,439
down €16,439 (-12.3%), from €134,104 to €117,666
- Gross operating margin +€76,427
up €76,427 (+115%), from €66,573 to €142,999
- Staff costs +€44,176
new in 2025: €44,176
- Taxes +€22,439
up €22,439 (+360%), from €6,228 to €28,667
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 | €927,458 | €964,437 | +€36,979 | +4.0% |
| Fixed assets | 21/28 | €152,695 | €115,891 | -€36,804 | -24.1% |
| Tangible fixed assets | 22/27 | €152,656 | €115,852 | -€36,804 | -24.1% |
| Land and buildings | 22 | €87,736 | €69,188 | -€18,549 | -21.1% |
| Plant, machinery and equipment | 23 | €13,414 | €3,855 | -€9,559 | -71.3% |
| Furniture and vehicles | 24 | €51,506 | €42,810 | -€8,696 | -16.9% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €774,763 | €848,546 | +€73,783 | +9.5% |
| Amounts receivable within one year | 40/41 | €159,260 | €224,610 | +€65,349 | +41.0% |
| Trade receivables | 40 | €155,488 | €178,164 | +€22,676 | +14.6% |
| Other amounts receivable | 41 | €3,772 | €46,445 | +€42,674 | +1,131% |
| Cash at bank and in hand | 54/58 | €615,503 | €623,936 | +€8,433 | +1.4% |
| Total equity and liabilities | 10/49 | €927,458 | €964,437 | +€36,979 | +4.0% |
| Equity | 10/15 | €616,912 | €380,628 | -€236,283 | -38.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €405,525 | €169,242 | -€236,283 | -58.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €403,665 | €167,382 | -€236,283 | -58.5% |
| Profit (loss) carried forward | 14 | €205,187 | €205,187 | = | 0.0% |
| Amounts payable | 17/49 | €310,546 | €583,809 | +€273,262 | +88.0% |
| Amounts payable after more than one year | 17 | €134,104 | €117,666 | -€16,439 | -12.3% |
| Financial debts | 170/4 | €134,104 | €117,666 | -€16,439 | -12.3% |
| Amounts payable within one year | 42/48 | €176,442 | €466,143 | +€289,701 | +164% |
| Trade debts | 44 | - | €64,436 | +€64,436 | |
| Suppliers | 440/4 | - | €64,436 | +€64,436 | |
| Taxes, remuneration and social security | 45 | €15,566 | €34,605 | +€19,040 | +122% |
| Taxes | 450/3 | €15,566 | €34,605 | +€19,040 | +122% |
| Other amounts payable | 47/48 | €160,876 | €367,101 | +€206,225 | +128% |
| Remuneration, social security and pensions | 62 | - | €44,176 | +€44,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,835 | €36,804 | -€31 | -0.1% |
| Other operating charges | 640/8 | €3,658 | €2,243 | -€1,415 | -38.7% |
| Gross operating margin | 9900 | €66,573 | €142,999 | +€76,427 | +115% |
| Operating profit (loss) | 9901 | €26,079 | €59,776 | +€33,697 | +129% |
| Financial charges | 65/66B | €2,935 | €3,203 | +€268 | +9.1% |
| Recurring financial charges | 65 | €2,935 | €3,203 | +€268 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €23,144 | €56,573 | +€33,429 | +144% |
| Income taxes | 67/77 | €6,228 | €28,667 | +€22,439 | +360% |
| Profit (loss) for the period | 9904 | €16,916 | €27,906 | +€10,990 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,916 | €27,906 | +€10,990 | +65.0% |
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 19 October 2026 via checked.be.