Pro P: what changed
Pro P
Largest movements
- Cash -€106,248
down €106,248 (-82.4%), from €129,011 to €22,763
mainly Contributions, distributions and other (-€258,800) and Current investments (-€8,000)
- Tangible fixed assets -€20,519
down €20,519 (-44.4%), from €46,168 to €25,649
of which Furniture and vehicles: -€14,055
- Current investments +€8,000
up €8,000 (+25.0%), from €32,001 to €40,001
- Receivables within one year +€7,774
up €7,774 (+29.0%), from €26,849 to €34,622
of which Trade receivables: +€4,580
- Deferred charges and accrued income -€3,445
down €3,445 (-76.8%), from €4,486 to €1,041
- Reserves -€204,251
down €204,251 (-100%), from €204,251 to €0
- Other debts +€81,785
up €81,785 (+2,622%), from €3,119 to €84,905
- Tax, wage and social debts +€6,809
up €6,809 (+61.0%), from €11,163 to €17,972
of which Taxes: +€6,809
- Gross operating margin +€5,975
up €5,975 (+7.1%), from €83,638 to €89,613
- Taxes +€1,193
up €1,193 (+8.5%), from €13,965 to €15,158
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €238,514 | €124,077 | -€114,437 | -48.0% |
| Fixed assets | 21/28 | €46,168 | €25,649 | -€20,519 | -44.4% |
| Tangible fixed assets | 22/27 | €46,168 | €25,649 | -€20,519 | -44.4% |
| Plant, machinery and equipment | 23 | €4,832 | €986 | -€3,845 | -79.6% |
| Furniture and vehicles | 24 | €37,467 | €23,412 | -€14,055 | -37.5% |
| Other tangible fixed assets | 26 | €3,870 | €1,251 | -€2,618 | -67.7% |
| Current assets | 29/58 | €192,345 | €98,427 | -€93,918 | -48.8% |
| Amounts receivable within one year | 40/41 | €26,849 | €34,622 | +€7,774 | +29.0% |
| Trade receivables | 40 | €13,552 | €18,132 | +€4,580 | +33.8% |
| Other amounts receivable | 41 | €13,297 | €16,491 | +€3,194 | +24.0% |
| Current investments | 50/53 | €32,001 | €40,001 | +€8,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €129,011 | €22,763 | -€106,248 | -82.4% |
| Deferred charges and accrued income | 490/1 | €4,486 | €1,041 | -€3,445 | -76.8% |
| Total equity and liabilities | 10/49 | €238,514 | €124,077 | -€114,437 | -48.0% |
| Equity | 10/15 | €222,851 | €18,600 | -€204,251 | -91.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €204,251 | €0 | -€204,251 | -100% |
| Distributable reserves | 133 | €204,251 | €0 | -€204,251 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,663 | €105,477 | +€89,813 | +573% |
| Amounts payable within one year | 42/48 | €15,663 | €105,477 | +€89,813 | +573% |
| Trade debts | 44 | €1,381 | €2,600 | +€1,219 | +88.3% |
| Suppliers | 440/4 | €1,381 | €2,600 | +€1,219 | +88.3% |
| Taxes, remuneration and social security | 45 | €11,163 | €17,972 | +€6,809 | +61.0% |
| Taxes | 450/3 | €11,163 | €17,972 | +€6,809 | +61.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,119 | €84,905 | +€81,785 | +2,622% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,310 | €20,519 | +€209 | +1.0% |
| Other operating charges | 640/8 | €64 | €119 | +€55 | +86.1% |
| Gross operating margin | 9900 | €83,638 | €89,613 | +€5,975 | +7.1% |
| Operating profit (loss) | 9901 | €63,265 | €68,975 | +€5,711 | +9.0% |
| Financial income | 75/76B | €1,124 | €923 | -€201 | -17.8% |
| Recurring financial income | 75 | €1,124 | €923 | -€201 | -17.8% |
| Financial charges | 65/66B | €543 | €190 | -€353 | -65.0% |
| Recurring financial charges | 65 | €543 | €190 | -€353 | -65.0% |
| Profit (loss) for the period before taxes | 9903 | €63,845 | €69,708 | +€5,863 | +9.2% |
| Income taxes | 67/77 | €13,965 | €15,158 | +€1,193 | +8.5% |
| Profit (loss) for the period | 9904 | €49,880 | €54,550 | +€4,670 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,880 | €54,550 | +€4,670 | +9.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.