STEVEN DE PROOST: 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.
STEVEN DE PROOST
Largest movements
- Cash +€21,003
up €21,003 (+4.6%), from €458,930 to €479,933
mainly Net result for the year (+€67,173) and Depreciation (+€14,330)
- Tangible fixed assets +€14,884
up €14,884 (+33.1%), from €45,007 to €59,891
of which Furniture and vehicles: +€17,507
- Reserves +€39,450
up €39,450 (+11.3%), from €350,056 to €389,506
- Tax, wage and social debts -€6,488
down €6,488 (-20.1%), from €32,230 to €25,742
of which Remuneration and social security: -€4,868
- Gross operating margin +€10,099
up €10,099 (+5.8%), from €173,404 to €183,503
- Staff costs +€8,752
up €8,752 (+12.8%), from €68,358 to €77,111
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 | €571,515 | €603,402 | +€31,888 | +5.6% |
| Fixed assets | 21/28 | €45,385 | €60,269 | +€14,884 | +32.8% |
| Tangible fixed assets | 22/27 | €45,007 | €59,891 | +€14,884 | +33.1% |
| Plant, machinery and equipment | 23 | €1,450 | €708 | -€742 | -51.2% |
| Furniture and vehicles | 24 | €21,326 | €38,833 | +€17,507 | +82.1% |
| Other tangible fixed assets | 26 | €22,230 | €20,350 | -€1,881 | -8.5% |
| Financial fixed assets | 28 | €378 | €378 | = | 0.0% |
| Current assets | 29/58 | €526,129 | €543,133 | +€17,004 | +3.2% |
| Amounts receivable within one year | 40/41 | €29,487 | €25,794 | -€3,693 | -12.5% |
| Trade receivables | 40 | €8,258 | - | -€8,258 | |
| Other amounts receivable | 41 | €21,229 | €25,794 | +€4,565 | +21.5% |
| Current investments | 50/53 | €36,050 | €36,050 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €458,930 | €479,933 | +€21,003 | +4.6% |
| Deferred charges and accrued income | 490/1 | €1,662 | €1,356 | -€306 | -18.4% |
| Total equity and liabilities | 10/49 | €571,515 | €603,402 | +€31,888 | +5.6% |
| Equity | 10/15 | €521,256 | €560,706 | +€39,450 | +7.6% |
| Contributions | 10/11 | €171,200 | €171,200 | = | 0.0% |
| Reserves | 13 | €350,056 | €389,506 | +€39,450 | +11.3% |
| Distributable reserves | 133 | €350,056 | €389,506 | +€39,450 | +11.3% |
| Amounts payable | 17/49 | €50,259 | €42,696 | -€7,563 | -15.0% |
| Amounts payable within one year | 42/48 | €50,259 | €42,696 | -€7,563 | -15.0% |
| Trade debts | 44 | €7,965 | €5,666 | -€2,299 | -28.9% |
| Suppliers | 440/4 | €7,965 | €5,666 | -€2,299 | -28.9% |
| Taxes, remuneration and social security | 45 | €32,230 | €25,742 | -€6,488 | -20.1% |
| Taxes | 450/3 | €18,496 | €16,876 | -€1,621 | -8.8% |
| Remuneration and social security | 454/9 | €13,734 | €8,866 | -€4,868 | -35.4% |
| Other amounts payable | 47/48 | €10,064 | €11,289 | +€1,225 | +12.2% |
| Remuneration, social security and pensions | 62 | €68,358 | €77,111 | +€8,752 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,660 | €14,330 | -€330 | -2.2% |
| Other operating charges | 640/8 | €462 | €475 | +€12 | +2.7% |
| Gross operating margin | 9900 | €173,404 | €183,503 | +€10,099 | +5.8% |
| Operating profit (loss) | 9901 | €89,923 | €91,587 | +€1,664 | +1.9% |
| Financial income | 75/76B | €2,737 | €2,485 | -€252 | -9.2% |
| Recurring financial income | 75 | €2,737 | €2,485 | -€252 | -9.2% |
| Financial charges | 65/66B | €1,381 | €786 | -€595 | -43.1% |
| Recurring financial charges | 65 | €1,381 | €786 | -€595 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €91,279 | €93,286 | +€2,007 | +2.2% |
| Income taxes | 67/77 | €25,537 | €26,114 | +€577 | +2.3% |
| Profit (loss) for the period | 9904 | €65,742 | €67,173 | +€1,431 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,742 | €67,173 | +€1,431 | +2.2% |
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.