PROXYGRASS: 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.
PROXYGRASS
Largest movements
- Cash +€132,832
up €132,832 (+215%), from €61,765 to €194,597
mainly Net result for the year (+€136,940) and Trade debts (+€93,102)
- Receivables within one year +€125,752
up €125,752 (+42.9%), from €293,007 to €418,759
of which Trade receivables: +€132,379
- Stocks and contracts +€63,207
up €63,207 (+38.9%), from €162,320 to €225,527
of which Stocks: +€118,156
- Deferred charges and accrued income -€26,523
down €26,523 (-64.6%), from €41,077 to €14,554
- Tangible fixed assets -€22,225
down €22,225 (-26.3%), from €84,447 to €62,222
of which Furniture and vehicles: -€14,680
- Profit (loss) carried forward +€136,940
new in 2026: €136,940
- Trade debts +€93,102
up €93,102 (+35.9%), from €259,685 to €352,787
- Tax, wage and social debts +€27,659
up €27,659 (+456%), from €6,069 to €33,727
of which Taxes: +€24,270
- Gross operating margin +€216,871
up €216,871 (+184%), from €117,614 to €334,485
- Write-downs -€42,154
no longer reported in 2026 (was €42,154)
- Staff costs -€40,357
down €40,357 (-23.1%), from €174,403 to €134,046
- Depreciation +€39,385
new in 2026: €39,385
- Taxes +€20,545
new in 2026: €20,545
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €888,766 | €1,141,809 | +€253,043 | +28.5% |
| Fixed assets | 21/28 | €159,447 | €122,222 | -€37,225 | -23.3% |
| Intangible fixed assets | 21 | €75,000 | €60,000 | -€15,000 | -20.0% |
| Tangible fixed assets | 22/27 | €84,447 | €62,222 | -€22,225 | -26.3% |
| Plant, machinery and equipment | 23 | €39,109 | €31,564 | -€7,545 | -19.3% |
| Furniture and vehicles | 24 | €45,338 | €30,658 | -€14,680 | -32.4% |
| Current assets | 29/58 | €729,319 | €1,019,587 | +€290,268 | +39.8% |
| Stocks and contracts in progress | 3 | €162,320 | €225,527 | +€63,207 | +38.9% |
| Stocks | 30/36 | €107,372 | €225,527 | +€118,156 | +110% |
| Contracts in progress | 37 | €54,948 | - | -€54,948 | |
| Amounts receivable within one year | 40/41 | €293,007 | €418,759 | +€125,752 | +42.9% |
| Trade receivables | 40 | €251,674 | €384,053 | +€132,379 | +52.6% |
| Other amounts receivable | 41 | €41,333 | €34,706 | -€6,627 | -16.0% |
| Current investments | 50/53 | €171,150 | €166,150 | -€5,000 | -2.9% |
| Cash at bank and in hand | 54/58 | €61,765 | €194,597 | +€132,832 | +215% |
| Deferred charges and accrued income | 490/1 | €41,077 | €14,554 | -€26,523 | -64.6% |
| Total equity and liabilities | 10/49 | €888,766 | €1,141,809 | +€253,043 | +28.5% |
| Equity | 10/15 | €593,206 | €730,146 | +€136,940 | +23.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €587,006 | €587,006 | = | 0.0% |
| Distributable reserves | 133 | €587,006 | €587,006 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €136,940 | +€136,940 | |
| Amounts payable | 17/49 | €295,560 | €411,663 | +€116,104 | +39.3% |
| Amounts payable after more than one year | 17 | €20,297 | €15,450 | -€4,847 | -23.9% |
| Financial debts | 170/4 | €20,297 | €15,450 | -€4,847 | -23.9% |
| Amounts payable within one year | 42/48 | €274,354 | €396,213 | +€121,859 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €4,703 | €4,847 | +€144 | +3.1% |
| Financial debts | 43 | €1,664 | €1,966 | +€302 | +18.2% |
| Credit institutions | 430/8 | €1,664 | €1,966 | +€302 | +18.2% |
| Trade debts | 44 | €259,685 | €352,787 | +€93,102 | +35.9% |
| Suppliers | 440/4 | €259,685 | €352,787 | +€93,102 | +35.9% |
| Taxes, remuneration and social security | 45 | €6,069 | €33,727 | +€27,659 | +456% |
| Taxes | 450/3 | - | €24,270 | +€24,270 | |
| Remuneration and social security | 454/9 | €6,069 | €9,457 | +€3,388 | +55.8% |
| Other amounts payable | 47/48 | €2,233 | €2,886 | +€653 | +29.2% |
| Accrued charges and deferred income | 492/3 | €909 | - | -€909 | |
| Non-recurring operating income | 76A | - | €389 | +€389 | |
| Remuneration, social security and pensions | 62 | €174,403 | €134,046 | -€40,357 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €39,385 | +€39,385 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €42,154 | - | -€42,154 | |
| Other operating charges | 640/8 | €8,327 | €4,473 | -€3,854 | -46.3% |
| Gross operating margin | 9900 | €117,614 | €334,485 | +€216,871 | +184% |
| Operating profit (loss) | 9901 | -€107,270 | €156,581 | +€263,851 | |
| Financial income | 75/76B | €11,779 | €2,174 | -€9,605 | -81.5% |
| Recurring financial income | 75 | €11,779 | €2,174 | -€9,605 | -81.5% |
| Financial charges | 65/66B | €1,041 | €1,270 | +€229 | +22.0% |
| Recurring financial charges | 65 | €779 | €1,270 | +€491 | +63.0% |
| Non-recurring financial charges | 66B | €262 | - | -€262 | |
| Profit (loss) for the period before taxes | 9903 | -€96,532 | €157,485 | +€254,017 | |
| Income taxes | 67/77 | - | €20,545 | +€20,545 | |
| Profit (loss) for the period | 9904 | -€96,532 | €136,940 | +€233,472 | |
| Profit (loss) for the period to be appropriated | 9905 | -€96,532 | €136,940 | +€233,472 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.