Proxima Advisory: 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.
Proxima Advisory
Largest movements
- Current investments +€1.3m
new in 2025: €1.3m
- Cash -€885,118
down €885,118 (-76.4%), from €1.2m to €273,395
mainly Current investments (-€1.3m) and Short-term financial debts (-€800,000)
- Receivables within one year -€479,626
down €479,626 (-45.9%), from €1.0m to €565,025
of which Other amounts receivable: -€633,681
- Short-term financial debts -€800,000
down €800,000 (-35.6%), from €2.3m to €1.5m
- Profit (loss) carried forward +€738,040
up €738,040 (+29.5%), from €2.5m to €3.2m
- Debts after one year -€352,982
down €352,982 (-38.4%), from €918,698 to €565,716
- Other debts +€188,800
up €188,800 (+599.4%), from €31,500 to €220,300
- Trade debts +€179,129
up €179,129 (+24.3%), from €738,593 to €917,722
- Financial charges -€35,383
down €35,383 (-34.0%), from €104,087 to €68,704
- Gross operating margin +€21,193
up €21,193 (+9.1%), from €231,759 to €252,952
- Taxes +€12,983
up €12,983 (+39.1%), from €33,224 to €46,208
- Financial income -€5,225
down €5,225 (-0.6%), from €805,225 to €800,000
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 | €8,022,165 | €7,932,990 | -€89,175 | -1.1% |
| Fixed assets | 21/28 | €5,819,000 | €5,819,000 | = | 0.0% |
| Financial fixed assets | 28 | €5,819,000 | €5,819,000 | = | 0.0% |
| Current assets | 29/58 | €2,203,165 | €2,113,990 | -€89,175 | -4.0% |
| Amounts receivable within one year | 40/41 | €1,044,652 | €565,025 | -€479,626 | -45.9% |
| Trade receivables | 40 | €275,726 | €429,781 | +€154,055 | +55.9% |
| Other amounts receivable | 41 | €768,926 | €135,244 | -€633,681 | -82.4% |
| Current investments | 50/53 | - | €1,275,000 | +€1.3m | |
| Cash at bank and in hand | 54/58 | €1,158,513 | €273,395 | -€885,118 | -76.4% |
| Deferred charges and accrued income | 490/1 | €0 | €569 | +€569 | |
| Total equity and liabilities | 10/49 | €8,022,165 | €7,932,990 | -€89,175 | -1.1% |
| Equity | 10/15 | €3,673,321 | €4,411,362 | +€738,040 | +20.1% |
| Contributions | 10/11 | €1,169,000 | €1,169,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,504,321 | €3,242,362 | +€738,040 | +29.5% |
| Amounts payable | 17/49 | €4,348,844 | €3,521,628 | -€827,216 | -19.0% |
| Amounts payable after more than one year | 17 | €918,698 | €565,716 | -€352,982 | -38.4% |
| Financial debts | 170/4 | €918,698 | €565,716 | -€352,982 | -38.4% |
| Amounts payable within one year | 42/48 | €3,430,145 | €2,955,912 | -€474,233 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €349,681 | €352,982 | +€3,301 | +0.9% |
| Financial debts | 43 | €2,250,000 | €1,450,000 | -€800,000 | -35.6% |
| Credit institutions | 430/8 | €2,250,000 | €1,450,000 | -€800,000 | -35.6% |
| Trade debts | 44 | €738,593 | €917,722 | +€179,129 | +24.3% |
| Suppliers | 440/4 | €738,593 | €917,722 | +€179,129 | +24.3% |
| Taxes, remuneration and social security | 45 | €60,371 | €14,908 | -€45,464 | -75.3% |
| Taxes | 450/3 | €60,371 | €14,908 | -€45,464 | -75.3% |
| Other amounts payable | 47/48 | €31,500 | €220,300 | +€188,800 | +599.4% |
| Gross operating margin | 9900 | €231,759 | €252,952 | +€21,193 | +9.1% |
| Operating profit (loss) | 9901 | €231,759 | €252,952 | +€21,193 | +9.1% |
| Financial income | 75/76B | €805,225 | €800,000 | -€5,225 | -0.6% |
| Recurring financial income | 75 | €805,225 | €800,000 | -€5,225 | -0.6% |
| Financial charges | 65/66B | €104,087 | €68,704 | -€35,383 | -34.0% |
| Recurring financial charges | 65 | €104,087 | €68,704 | -€35,383 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €932,897 | €984,248 | +€51,351 | +5.5% |
| Income taxes | 67/77 | €33,224 | €46,208 | +€12,983 | +39.1% |
| Profit (loss) for the period | 9904 | €899,673 | €938,040 | +€38,368 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €899,673 | €938,040 | +€38,368 | +4.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.