PROXISIGN: 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.
PROXISIGN
Largest movements
- Tangible fixed assets +€44,899
up €44,899 (+52.6%), from €85,290 to €130,189
of which Furniture and vehicles: +€53,023
- Cash -€36,207
down €36,207 (-61.7%), from €58,663 to €22,456
mainly Investment in fixed assets (net) (-€70,055) and Contributions, distributions and other (-€35,321)
- Receivables within one year +€14,943
up €14,943 (+54.6%), from €27,371 to €42,314
of which Trade receivables: +€15,636
- Debts after one year +€26,490
new in 2025: €26,490
- Tax, wage and social debts +€10,764
up €10,764 (+491.2%), from €2,192 to €12,956
- Reserves -€9,659
down €9,659 (-14.7%), from €65,668 to €56,009
of which Distributable reserves: -€7,071
- Trade debts -€4,062
down €4,062 (-77.4%), from €5,246 to €1,184
- Gross operating margin +€18,867
up €18,867 (+41.8%), from €45,095 to €63,962
- Depreciation -€13,325
down €13,325 (-34.6%), from €38,480 to €25,155
- Taxes +€9,707
up €9,707 (+497.7%), from €1,950 to €11,657
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 | €177,703 | €201,196 | +€23,493 | +13.2% |
| Fixed assets | 21/28 | €86,340 | €131,239 | +€44,899 | +52.0% |
| Tangible fixed assets | 22/27 | €85,290 | €130,189 | +€44,899 | +52.6% |
| Plant, machinery and equipment | 23 | €49,919 | €44,272 | -€5,647 | -11.3% |
| Furniture and vehicles | 24 | €20,872 | €73,895 | +€53,023 | +254.0% |
| Other tangible fixed assets | 26 | €14,498 | €12,022 | -€2,477 | -17.1% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €91,364 | €69,957 | -€21,407 | -23.4% |
| Amounts receivable within one year | 40/41 | €27,371 | €42,314 | +€14,943 | +54.6% |
| Trade receivables | 40 | €25,756 | €41,392 | +€15,636 | +60.7% |
| Other amounts receivable | 41 | €1,615 | €922 | -€693 | -42.9% |
| Cash at bank and in hand | 54/58 | €58,663 | €22,456 | -€36,207 | -61.7% |
| Deferred charges and accrued income | 490/1 | €5,330 | €5,187 | -€143 | -2.7% |
| Total equity and liabilities | 10/49 | €177,703 | €201,196 | +€23,493 | +13.2% |
| Equity | 10/15 | €163,871 | €154,214 | -€9,658 | -5.9% |
| Contributions | 10/11 | €50 | €50 | = | 0.0% |
| Reserves | 13 | €65,668 | €56,009 | -€9,659 | -14.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,687 | €8,099 | -€2,587 | -24.2% |
| Distributable reserves | 133 | €53,121 | €46,050 | -€7,071 | -13.3% |
| Profit (loss) carried forward | 14 | €98,154 | €98,154 | +€1 | 0.0% |
| Amounts payable | 17/49 | €13,832 | €46,982 | +€33,150 | +239.7% |
| Amounts payable after more than one year | 17 | - | €26,490 | +€26,490 | |
| Financial debts | 170/4 | - | €26,490 | +€26,490 | |
| Amounts payable within one year | 42/48 | €13,832 | €20,493 | +€6,661 | +48.2% |
| Current portion of amounts payable after more than one year | 42 | €6,394 | €6,353 | -€42 | -0.7% |
| Trade debts | 44 | €5,246 | €1,184 | -€4,062 | -77.4% |
| Suppliers | 440/4 | €5,246 | €1,184 | -€4,062 | -77.4% |
| Taxes, remuneration and social security | 45 | €2,192 | €12,956 | +€10,764 | +491.2% |
| Taxes | 450/3 | €2,192 | €12,956 | +€10,764 | +491.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,480 | €25,155 | -€13,325 | -34.6% |
| Other operating charges | 640/8 | €777 | €910 | +€133 | +17.1% |
| Gross operating margin | 9900 | €45,095 | €63,962 | +€18,867 | +41.8% |
| Operating profit (loss) | 9901 | €5,838 | €37,898 | +€32,060 | +549.2% |
| Financial income | 75/76B | €92 | €130 | +€38 | +41.1% |
| Recurring financial income | 75 | €92 | €130 | +€38 | +41.1% |
| Financial charges | 65/66B | €664 | €707 | +€43 | +6.4% |
| Recurring financial charges | 65 | €664 | €707 | +€43 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €5,266 | €37,321 | +€32,055 | +608.7% |
| Income taxes | 67/77 | €1,950 | €11,657 | +€9,707 | +497.7% |
| Profit (loss) for the period | 9904 | €3,316 | €25,663 | +€22,348 | +674.0% |
| Transfer from tax-exempt reserves | 789 | €2,587 | €2,587 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,903 | €28,251 | +€22,348 | +378.6% |
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 6 October 2026 via checked.be.