PROXY GROUP: 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.
PROXY GROUP
Largest movements
- Receivables within one year +€6,000
new in 2025: €6,000
- Deferred charges and accrued income -€6,000
no longer reported in 2025 (was €6,000)
- Cash -€1,436
down €1,436 (-25.4%), from €5,643 to €4,207
mainly Receivables within one year (-€6,000) and Net result for the year (-€5,594)
- Profit (loss) carried forward -€5,594
down €5,594 (-70.3%), from €7,953 to €2,359
- Trade debts +€3,778
up €3,778 (+2,082%), from €182 to €3,960
- Accrued charges and deferred income +€380
up €380 (+1,884%), from €20 to €400
- Gross operating margin -€14,949
down €14,949, from €10,506 to -€4,443
- Taxes -€1,988
no longer reported in 2025 (was €1,988)
- Other operating charges +€492
up €492 (+91.6%), from €537 to €1,030
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 | €11,643 | €10,207 | -€1,436 | -12.3% |
| Current assets | 29/58 | €11,643 | €10,207 | -€1,436 | -12.3% |
| Amounts receivable within one year | 40/41 | - | €6,000 | +€6,000 | |
| Trade receivables | 40 | - | €6,000 | +€6,000 | |
| Cash at bank and in hand | 54/58 | €5,643 | €4,207 | -€1,436 | -25.4% |
| Deferred charges and accrued income | 490/1 | €6,000 | - | -€6,000 | |
| Total equity and liabilities | 10/49 | €11,643 | €10,207 | -€1,436 | -12.3% |
| Equity | 10/15 | €9,453 | €3,859 | -€5,594 | -59.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,953 | €2,359 | -€5,594 | -70.3% |
| Amounts payable | 17/49 | €2,190 | €6,348 | +€4,158 | +190% |
| Amounts payable within one year | 42/48 | €2,170 | €5,948 | +€3,778 | +174% |
| Trade debts | 44 | €182 | €3,960 | +€3,778 | +2,082% |
| Suppliers | 440/4 | €182 | €3,960 | +€3,778 | +2,082% |
| Taxes, remuneration and social security | 45 | €1,988 | €1,988 | = | 0.0% |
| Taxes | 450/3 | €1,988 | €1,988 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €20 | €400 | +€380 | +1,884% |
| Other operating charges | 640/8 | €537 | €1,030 | +€492 | +91.6% |
| Gross operating margin | 9900 | €10,506 | -€4,443 | -€14,949 | |
| Operating profit (loss) | 9901 | €9,968 | -€5,473 | -€15,441 | |
| Financial charges | 65/66B | €27 | €121 | +€94 | +352% |
| Recurring financial charges | 65 | €27 | €121 | +€94 | +352% |
| Profit (loss) for the period before taxes | 9903 | €9,942 | -€5,594 | -€15,535 | |
| Income taxes | 67/77 | €1,988 | - | -€1,988 | |
| Profit (loss) for the period | 9904 | €7,953 | -€5,594 | -€13,547 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,953 | -€5,594 | -€13,547 |
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 23 October 2026 via checked.be.