PROXIPEN: 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.
PROXIPEN
Largest movements
- Receivables within one year +€29,689
up €29,689 (+169.8%), from €17,488 to €47,177
of which Trade receivables: +€27,861
- Tangible fixed assets -€14,841
down €14,841 (-6.3%), from €234,491 to €219,649
of which Plant, machinery and equipment: -€7,692
- Cash +€4,689
up €4,689 (+23.4%), from €20,066 to €24,756
mainly Depreciation (+€28,106) and Net result for the year (+€20,123)
- Debts after one year -€23,279
down €23,279 (-12.5%), from €186,497 to €163,218
- Profit (loss) carried forward +€20,123
up €20,123 (+59.3%), from -€33,931 to -€13,808
- Tax, wage and social debts +€15,645
up €15,645 (+55.9%), from €27,964 to €43,609
of which Taxes: +€10,439
- Other debts +€5,800
up €5,800 (+7.7%), from €75,438 to €81,238
- Gross operating margin +€40,978
up €40,978 (+20.5%), from €199,416 to €240,394
- Staff costs +€22,786
up €22,786 (+15.6%), from €145,730 to €168,517
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 | €333,420 | €352,526 | +€19,106 | +5.7% |
| Fixed assets | 21/28 | €236,984 | €222,142 | -€14,841 | -6.3% |
| Tangible fixed assets | 22/27 | €234,491 | €219,649 | -€14,841 | -6.3% |
| Plant, machinery and equipment | 23 | €181,737 | €174,045 | -€7,692 | -4.2% |
| Furniture and vehicles | 24 | €4,260 | €2,954 | -€1,306 | -30.7% |
| Other tangible fixed assets | 26 | €48,493 | €42,650 | -€5,844 | -12.1% |
| Financial fixed assets | 28 | €2,493 | €2,493 | = | 0.0% |
| Current assets | 29/58 | €96,436 | €130,384 | +€33,947 | +35.2% |
| Stocks and contracts in progress | 3 | €45,881 | €45,881 | = | 0.0% |
| Stocks | 30/36 | €45,881 | €45,881 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,488 | €47,177 | +€29,689 | +169.8% |
| Trade receivables | 40 | €16,164 | €44,026 | +€27,861 | +172.4% |
| Other amounts receivable | 41 | €1,324 | €3,151 | +€1,828 | +138.0% |
| Cash at bank and in hand | 54/58 | €20,066 | €24,756 | +€4,689 | +23.4% |
| Deferred charges and accrued income | 490/1 | €13,001 | €12,570 | -€431 | -3.3% |
| Total equity and liabilities | 10/49 | €333,420 | €352,526 | +€19,106 | +5.7% |
| Equity | 10/15 | -€27,931 | -€7,808 | +€20,123 | +72.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,931 | -€13,808 | +€20,123 | +59.3% |
| Amounts payable | 17/49 | €361,351 | €360,334 | -€1,017 | -0.3% |
| Amounts payable after more than one year | 17 | €186,497 | €163,218 | -€23,279 | -12.5% |
| Financial debts | 170/4 | €186,497 | €163,218 | -€23,279 | -12.5% |
| Amounts payable within one year | 42/48 | €174,855 | €197,116 | +€22,262 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €21,269 | €23,279 | +€2,010 | +9.4% |
| Trade debts | 44 | €50,183 | €48,990 | -€1,193 | -2.4% |
| Suppliers | 440/4 | €50,183 | €48,990 | -€1,193 | -2.4% |
| Taxes, remuneration and social security | 45 | €27,964 | €43,609 | +€15,645 | +55.9% |
| Taxes | 450/3 | €0 | €10,439 | +€10,439 | |
| Remuneration and social security | 454/9 | €27,964 | €33,170 | +€5,206 | +18.6% |
| Other amounts payable | 47/48 | €75,438 | €81,238 | +€5,800 | +7.7% |
| Non-recurring operating income | 76A | €314 | - | -€314 | |
| Remuneration, social security and pensions | 62 | €145,730 | €168,517 | +€22,786 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,921 | €28,106 | +€186 | +0.7% |
| Other operating charges | 640/8 | €3,275 | €1,340 | -€1,935 | -59.1% |
| Non-recurring operating charges | 66A | - | €8,389 | +€8,389 | |
| Gross operating margin | 9900 | €199,416 | €240,394 | +€40,978 | +20.5% |
| Operating profit (loss) | 9901 | €22,490 | €34,042 | +€11,552 | +51.4% |
| Financial income | 75/76B | €31 | €68 | +€37 | +118.1% |
| Recurring financial income | 75 | €31 | €68 | +€37 | +118.1% |
| Financial charges | 65/66B | €11,868 | €13,987 | +€2,118 | +17.8% |
| Recurring financial charges | 65 | €11,868 | €13,987 | +€2,118 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €10,653 | €20,123 | +€9,471 | +88.9% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €10,653 | €20,123 | +€9,471 | +88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,653 | €20,123 | +€9,471 | +88.9% |
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 2 October 2026 via checked.be.