PROXIGUARD: 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.
PROXIGUARD
Largest movements
- Receivables within one year +€526,958
up €526,958 (+431.7%), from €122,077 to €649,035
of which Trade receivables: +€405,385
- Cash -€253,336
down €253,336 (-77.2%), from €328,256 to €74,919
mainly Receivables within one year (-€526,958) and Investment in fixed assets (net) (-€9,815)
- Trade debts +€199,880
up €199,880 (+106.3%), from €188,017 to €387,897
- Profit (loss) carried forward +€58,178
up €58,178 (+64.3%), from €90,472 to €148,650
- Other debts +€7,970
up €7,970 (+1548.5%), from €515 to €8,485
- Gross operating margin +€583,874
up €583,874 (+27.6%), from €2.1m to €2.7m
- Staff costs +€557,390
up €557,390 (+27.3%), from €2.0m to €2.6m
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 | €484,662 | €754,887 | +€270,225 | +55.8% |
| Fixed assets | 21/28 | €26,909 | €26,227 | -€682 | -2.5% |
| Tangible fixed assets | 22/27 | €23,579 | €22,898 | -€682 | -2.9% |
| Plant, machinery and equipment | 23 | €10,558 | €6,890 | -€3,667 | -34.7% |
| Furniture and vehicles | 24 | €9,015 | €12,793 | +€3,778 | +41.9% |
| Other tangible fixed assets | 26 | €4,007 | €3,214 | -€792 | -19.8% |
| Financial fixed assets | 28 | €3,329 | €3,329 | = | 0.0% |
| Current assets | 29/58 | €457,753 | €728,660 | +€270,907 | +59.2% |
| Amounts receivable within one year | 40/41 | €122,077 | €649,035 | +€526,958 | +431.7% |
| Trade receivables | 40 | €122,077 | €527,462 | +€405,385 | +332.1% |
| Other amounts receivable | 41 | - | €121,573 | +€121,573 | |
| Cash at bank and in hand | 54/58 | €328,256 | €74,919 | -€253,336 | -77.2% |
| Deferred charges and accrued income | 490/1 | €7,420 | €4,705 | -€2,715 | -36.6% |
| Total equity and liabilities | 10/49 | €484,662 | €754,887 | +€270,225 | +55.8% |
| Equity | 10/15 | €109,072 | €167,250 | +€58,178 | +53.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,472 | €148,650 | +€58,178 | +64.3% |
| Amounts payable | 17/49 | €375,589 | €587,636 | +€212,047 | +56.5% |
| Amounts payable within one year | 42/48 | €375,589 | €587,636 | +€212,047 | +56.5% |
| Trade debts | 44 | €188,017 | €387,897 | +€199,880 | +106.3% |
| Suppliers | 440/4 | €188,017 | €387,897 | +€199,880 | +106.3% |
| Taxes, remuneration and social security | 45 | €187,058 | €191,254 | +€4,196 | +2.2% |
| Taxes | 450/3 | €110,377 | €7,784 | -€102,593 | -92.9% |
| Remuneration and social security | 454/9 | €76,681 | €183,471 | +€106,790 | +139.3% |
| Other amounts payable | 47/48 | €515 | €8,485 | +€7,970 | +1548.5% |
| Remuneration, social security and pensions | 62 | €2,039,297 | €2,596,687 | +€557,390 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,567 | €10,497 | +€3,930 | +59.8% |
| Other operating charges | 640/8 | €21,915 | €2,400 | -€19,515 | -89.0% |
| Gross operating margin | 9900 | €2,113,648 | €2,697,522 | +€583,874 | +27.6% |
| Operating profit (loss) | 9901 | €45,869 | €87,938 | +€42,069 | +91.7% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €1,073 | €712 | -€360 | -33.6% |
| Recurring financial charges | 65 | €1,073 | €712 | -€360 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €44,804 | €87,226 | +€42,421 | +94.7% |
| Income taxes | 67/77 | €11,208 | €29,047 | +€17,839 | +159.2% |
| Profit (loss) for the period | 9904 | €33,596 | €58,178 | +€24,582 | +73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,596 | €58,178 | +€24,582 | +73.2% |
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 12 October 2026 via checked.be.