PROX: 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.
PROX
Largest movements
- Receivables within one year -€447,518
down €447,518 (-93.6%), from €478,262 to €30,744
of which Other amounts receivable: -€444,961
- Tangible fixed assets -€19,616
down €19,616 (-2.9%), from €683,336 to €663,720
- Cash +€13,774
up €13,774 (+132.7%), from €10,382 to €24,156
mainly Receivables within one year (+€447,518) and Net result for the year (+€45,634)
- Other debts -€483,041
down €483,041 (-95.8%), from €504,455 to €21,414
- Reserves +€45,634
up €45,634 (+10.1%), from €454,042 to €499,676
of which Distributable reserves: +€45,634
- Debts after one year -€16,592
down €16,592 (-27.9%), from €59,373 to €42,781
of which Financial debts: -€16,592
- Gross operating margin -€24,084
down €24,084 (-18.9%), from €127,367 to €103,283
- Taxes -€11,478
down €11,478 (-34.0%), from €33,725 to €22,248
- Financial charges -€3,911
down €3,911 (-52.4%), from €7,462 to €3,551
- Depreciation -€2,041
down €2,041 (-9.4%), from €21,658 to €19,616
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 | €1,174,437 | €719,091 | -€455,346 | -38.8% |
| Fixed assets | 21/28 | €683,336 | €663,720 | -€19,616 | -2.9% |
| Tangible fixed assets | 22/27 | €683,336 | €663,720 | -€19,616 | -2.9% |
| Land and buildings | 22 | €683,336 | €663,720 | -€19,616 | -2.9% |
| Current assets | 29/58 | €491,101 | €55,371 | -€435,730 | -88.7% |
| Amounts receivable within one year | 40/41 | €478,262 | €30,744 | -€447,518 | -93.6% |
| Trade receivables | 40 | €3,475 | €917 | -€2,557 | -73.6% |
| Other amounts receivable | 41 | €474,788 | €29,827 | -€444,961 | -93.7% |
| Cash at bank and in hand | 54/58 | €10,382 | €24,156 | +€13,774 | +132.7% |
| Deferred charges and accrued income | 490/1 | €2,457 | €471 | -€1,986 | -80.8% |
| Total equity and liabilities | 10/49 | €1,174,437 | €719,091 | -€455,346 | -38.8% |
| Equity | 10/15 | €547,183 | €592,105 | +€44,922 | +8.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €454,042 | €499,676 | +€45,634 | +10.1% |
| Non-distributable reserves | 130/1 | €45,400 | €45,400 | = | 0.0% |
| Legal reserve | 130 | €45,400 | €45,400 | = | 0.0% |
| Distributable reserves | 133 | €408,642 | €454,276 | +€45,634 | +11.2% |
| Profit (loss) carried forward | 14 | €31,142 | €30,430 | -€712 | -2.3% |
| Amounts payable | 17/49 | €627,254 | €126,986 | -€500,268 | -79.8% |
| Amounts payable after more than one year | 17 | €59,373 | €42,781 | -€16,592 | -27.9% |
| Financial debts | 170/4 | €57,373 | €40,781 | -€16,592 | -28.9% |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €567,881 | €83,073 | -€484,808 | -85.4% |
| Current portion of amounts payable after more than one year | 42 | €15,709 | €16,592 | +€883 | +5.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,063 | €1,729 | -€9,334 | -84.4% |
| Suppliers | 440/4 | €11,063 | €1,729 | -€9,334 | -84.4% |
| Taxes, remuneration and social security | 45 | €36,654 | €43,338 | +€6,684 | +18.2% |
| Taxes | 450/3 | €36,654 | €43,338 | +€6,684 | +18.2% |
| Other amounts payable | 47/48 | €504,455 | €21,414 | -€483,041 | -95.8% |
| Accrued charges and deferred income | 492/3 | €0 | €1,132 | +€1,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,658 | €19,616 | -€2,041 | -9.4% |
| Other operating charges | 640/8 | €11,932 | €12,297 | +€365 | +3.1% |
| Gross operating margin | 9900 | €127,367 | €103,283 | -€24,084 | -18.9% |
| Operating profit (loss) | 9901 | €93,777 | €71,370 | -€22,408 | -23.9% |
| Financial income | 75/76B | - | €63 | +€63 | |
| Recurring financial income | 75 | - | €63 | +€63 | |
| Financial charges | 65/66B | €7,462 | €3,551 | -€3,911 | -52.4% |
| Recurring financial charges | 65 | €7,462 | €3,551 | -€3,911 | -52.4% |
| Profit (loss) for the period before taxes | 9903 | €86,316 | €67,882 | -€18,434 | -21.4% |
| Income taxes | 67/77 | €33,725 | €22,248 | -€11,478 | -34.0% |
| Profit (loss) for the period | 9904 | €52,590 | €45,634 | -€6,956 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,590 | €45,634 | -€6,956 | -13.2% |
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 11 October 2026 via checked.be.