PRO4PRO: 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.
PRO4PRO
Largest movements
- Cash +€61,129
up €61,129 (+305%), from €20,066 to €81,194
mainly Current investments (+€53,420) and Net result for the year (+€34,175)
- Current investments -€53,420
down €53,420 (-12.0%), from €444,869 to €391,450
- Receivables within one year +€20,195
up €20,195 (+51.8%), from €38,966 to €59,160
of which Other amounts receivable: +€15,135
- Tangible fixed assets -€18,399
down €18,399 (-31.0%), from €59,374 to €40,975
of which Furniture and vehicles: -€16,593
- Reserves +€34,175
up €34,175 (+6.6%), from €518,180 to €552,355
- Tax, wage and social debts -€24,947
down €24,947 (-70.9%), from €35,177 to €10,230
- Financial income +€8,054
up €8,054 (+514%), from €1,568 to €9,622
- Taxes +€3,630
up €3,630 (+31.9%), from €11,368 to €14,999
- Gross operating margin +€2,471
up €2,471 (+4.3%), from €56,932 to €59,403
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 | €563,783 | €573,794 | +€10,010 | +1.8% |
| Fixed assets | 21/28 | €59,524 | €41,125 | -€18,399 | -30.9% |
| Tangible fixed assets | 22/27 | €59,374 | €40,975 | -€18,399 | -31.0% |
| Plant, machinery and equipment | 23 | €2,151 | €832 | -€1,319 | -61.3% |
| Furniture and vehicles | 24 | €53,090 | €36,496 | -€16,593 | -31.3% |
| Other tangible fixed assets | 26 | €4,133 | €3,646 | -€486 | -11.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €504,260 | €532,669 | +€28,409 | +5.6% |
| Amounts receivable within one year | 40/41 | €38,966 | €59,160 | +€20,195 | +51.8% |
| Trade receivables | 40 | €4,620 | €9,680 | +€5,060 | +110% |
| Other amounts receivable | 41 | €34,346 | €49,480 | +€15,135 | +44.1% |
| Current investments | 50/53 | €444,869 | €391,450 | -€53,420 | -12.0% |
| Cash at bank and in hand | 54/58 | €20,066 | €81,194 | +€61,129 | +305% |
| Deferred charges and accrued income | 490/1 | €359 | €865 | +€506 | +141% |
| Total equity and liabilities | 10/49 | €563,783 | €573,794 | +€10,010 | +1.8% |
| Equity | 10/15 | €527,436 | €561,611 | +€34,175 | +6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €518,180 | €552,355 | +€34,175 | +6.6% |
| Distributable reserves | 133 | €518,180 | €552,355 | +€34,175 | +6.6% |
| Profit (loss) carried forward | 14 | €3,056 | €3,056 | = | 0.0% |
| Amounts payable | 17/49 | €36,348 | €12,183 | -€24,164 | -66.5% |
| Amounts payable within one year | 42/48 | €36,348 | €12,183 | -€24,164 | -66.5% |
| Trade debts | 44 | €1,171 | €1,954 | +€783 | +66.9% |
| Suppliers | 440/4 | €1,171 | €1,954 | +€783 | +66.9% |
| Taxes, remuneration and social security | 45 | €35,177 | €10,230 | -€24,947 | -70.9% |
| Taxes | 450/3 | €35,177 | €10,230 | -€24,947 | -70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,878 | €18,399 | +€521 | +2.9% |
| Other operating charges | 640/8 | €1,284 | €1,311 | +€27 | +2.1% |
| Non-recurring operating charges | 66A | - | €53 | +€53 | |
| Gross operating margin | 9900 | €56,932 | €59,403 | +€2,471 | +4.3% |
| Operating profit (loss) | 9901 | €37,770 | €39,640 | +€1,870 | +5.0% |
| Financial income | 75/76B | €1,568 | €9,622 | +€8,054 | +514% |
| Recurring financial income | 75 | €1,568 | €9,622 | +€8,054 | +514% |
| Financial charges | 65/66B | €49 | €88 | +€39 | +79.8% |
| Recurring financial charges | 65 | €49 | €88 | +€39 | +79.8% |
| Profit (loss) for the period before taxes | 9903 | €39,289 | €49,173 | +€9,885 | +25.2% |
| Income taxes | 67/77 | €11,368 | €14,999 | +€3,630 | +31.9% |
| Profit (loss) for the period | 9904 | €27,921 | €34,175 | +€6,254 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,921 | €34,175 | +€6,254 | +22.4% |
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 1 November 2026 via checked.be.