PROYEX: 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.
PROYEX
Largest movements
- Deferred charges and accrued income +€14,301
up €14,301 (+14342.7%), from €100 to €14,401
- Receivables within one year -€13,942
down €13,942 (-10.0%), from €139,760 to €125,818
of which Trade receivables: -€11,607
- Cash -€12,209
down €12,209 (-57.9%), from €21,098 to €8,889
mainly Trade debts (-€14,793) and Deferred charges and accrued income (-€14,301)
- Trade debts -€14,793
down €14,793 (-11.5%), from €128,180 to €113,387
- Staff costs +€12,203
up €12,203 (+16.1%), from €75,686 to €87,889
- Gross operating margin +€6,190
up €6,190 (+6.9%), from €89,462 to €95,652
- Financial charges +€4,066
up €4,066 (+570.5%), from €713 to €4,778
- Taxes -€3,034
down €3,034 (-69.6%), from €4,356 to €1,323
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 | €162,897 | €149,941 | -€12,956 | -8.0% |
| Fixed assets | 21/28 | €1,939 | €833 | -€1,106 | -57.0% |
| Tangible fixed assets | 22/27 | €1,239 | €755 | -€485 | -39.1% |
| Plant, machinery and equipment | 23 | €1,239 | €755 | -€485 | -39.1% |
| Financial fixed assets | 28 | €700 | €79 | -€621 | -88.8% |
| Current assets | 29/58 | €160,958 | €149,108 | -€11,850 | -7.4% |
| Amounts receivable within one year | 40/41 | €139,760 | €125,818 | -€13,942 | -10.0% |
| Trade receivables | 40 | €105,283 | €93,676 | -€11,607 | -11.0% |
| Other amounts receivable | 41 | €34,477 | €32,142 | -€2,335 | -6.8% |
| Cash at bank and in hand | 54/58 | €21,098 | €8,889 | -€12,209 | -57.9% |
| Deferred charges and accrued income | 490/1 | €100 | €14,401 | +€14,301 | +14342.7% |
| Total equity and liabilities | 10/49 | €162,897 | €149,941 | -€12,956 | -8.0% |
| Equity | 10/15 | €30,393 | €30,761 | +€369 | +1.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,393 | €25,761 | +€369 | +1.5% |
| Distributable reserves | 133 | €25,393 | €25,761 | +€369 | +1.5% |
| Amounts payable | 17/49 | €132,504 | €119,180 | -€13,325 | -10.1% |
| Amounts payable within one year | 42/48 | €132,504 | €119,180 | -€13,325 | -10.1% |
| Trade debts | 44 | €128,180 | €113,387 | -€14,793 | -11.5% |
| Suppliers | 440/4 | €128,180 | €113,387 | -€14,793 | -11.5% |
| Taxes, remuneration and social security | 45 | €4,148 | €5,717 | +€1,568 | +37.8% |
| Remuneration and social security | 454/9 | €4,148 | €5,717 | +€1,568 | +37.8% |
| Other amounts payable | 47/48 | €176 | €76 | -€100 | -57.0% |
| Non-recurring operating income | 76A | €3,160 | - | -€3,160 | |
| Remuneration, social security and pensions | 62 | €75,686 | €87,889 | +€12,203 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214 | €485 | +€270 | +126.0% |
| Other operating charges | 640/8 | €555 | €970 | +€415 | +74.6% |
| Gross operating margin | 9900 | €89,462 | €95,652 | +€6,190 | +6.9% |
| Operating profit (loss) | 9901 | €13,006 | €6,309 | -€6,697 | -51.5% |
| Financial income | 75/76B | €4 | €161 | +€157 | +4087.8% |
| Recurring financial income | 75 | €4 | €161 | +€157 | +4087.8% |
| Financial charges | 65/66B | €713 | €4,778 | +€4,066 | +570.5% |
| Recurring financial charges | 65 | €713 | €4,778 | +€4,066 | +570.5% |
| Profit (loss) for the period before taxes | 9903 | €12,297 | €1,692 | -€10,606 | -86.2% |
| Income taxes | 67/77 | €4,356 | €1,323 | -€3,034 | -69.6% |
| Profit (loss) for the period | 9904 | €7,941 | €369 | -€7,572 | -95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,941 | €369 | -€7,572 | -95.4% |
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 11 October 2026 via checked.be.