PROXAFINANCES: what changed
PROXAFINANCES
Largest movements
- Tangible fixed assets +€84,779
up €84,779 (+510%), from €16,608 to €101,387
of which Other tangible fixed assets: +€85,537
- Receivables within one year +€83,773
up €83,773 (+712%), from €11,764 to €95,537
- Intangible fixed assets -€70,814
down €70,814 (-29.8%), from €237,750 to €166,936
- Cash +€18,758
up €18,758 (+54.9%), from €34,191 to €52,949
mainly Net result for the year (+€210,667) and Other debts (+€120,000)
- Deferred charges and accrued income +€7,263
up €7,263 (+16.1%), from €45,103 to €52,366
- Other debts +€120,000
new in 2025: €120,000
- Debts after one year -€119,258
down €119,258 (-56.3%), from €211,840 to €92,582
- Profit (loss) carried forward +€90,667
up €90,667 (+217%), from €41,876 to €132,543
- Tax, wage and social debts +€39,583
up €39,583 (+106%), from €37,469 to €77,052
of which Taxes: +€40,944
- Current portion of long-term debt -€6,495
down €6,495 (-9.3%), from €69,555 to €63,060
- Gross operating margin +€241,217
up €241,217 (+59.9%), from €402,979 to €644,196
- Taxes +€55,513
up €55,513 (+285%), from €19,505 to €75,018
- Staff costs +€33,419
up €33,419 (+12.7%), from €262,581 to €296,000
- Depreciation -€14,875
down €14,875 (-22.5%), from €66,256 to €51,381
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 | €387,847 | €511,605 | +€123,758 | +31.9% |
| Fixed assets | 21/28 | €254,358 | €268,323 | +€13,965 | +5.5% |
| Intangible fixed assets | 21 | €237,750 | €166,936 | -€70,814 | -29.8% |
| Tangible fixed assets | 22/27 | €16,608 | €101,387 | +€84,779 | +510% |
| Furniture and vehicles | 24 | €16,608 | €15,849 | -€759 | -4.6% |
| Other tangible fixed assets | 26 | - | €85,537 | +€85,537 | |
| Current assets | 29/58 | €133,489 | €243,282 | +€109,793 | +82.2% |
| Amounts receivable within one year | 40/41 | €11,764 | €95,537 | +€83,773 | +712% |
| Other amounts receivable | 41 | €11,764 | €95,537 | +€83,773 | +712% |
| Current investments | 50/53 | €42,430 | €42,430 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,191 | €52,949 | +€18,758 | +54.9% |
| Deferred charges and accrued income | 490/1 | €45,103 | €52,366 | +€7,263 | +16.1% |
| Total equity and liabilities | 10/49 | €387,847 | €511,605 | +€123,758 | +31.9% |
| Equity | 10/15 | €60,476 | €151,143 | +€90,667 | +150% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,876 | €132,543 | +€90,667 | +217% |
| Amounts payable | 17/49 | €327,371 | €360,462 | +€33,091 | +10.1% |
| Amounts payable after more than one year | 17 | €211,840 | €92,582 | -€119,258 | -56.3% |
| Financial debts | 170/4 | €211,840 | €92,582 | -€119,258 | -56.3% |
| Amounts payable within one year | 42/48 | €115,532 | €267,880 | +€152,349 | +132% |
| Current portion of amounts payable after more than one year | 42 | €69,555 | €63,060 | -€6,495 | -9.3% |
| Trade debts | 44 | €8,508 | €7,768 | -€740 | -8.7% |
| Suppliers | 440/4 | €8,508 | €7,768 | -€740 | -8.7% |
| Taxes, remuneration and social security | 45 | €37,469 | €77,052 | +€39,583 | +106% |
| Taxes | 450/3 | €1,872 | €42,816 | +€40,944 | +2,187% |
| Remuneration and social security | 454/9 | €35,597 | €34,236 | -€1,360 | -3.8% |
| Other amounts payable | 47/48 | - | €120,000 | +€120,000 | |
| Non-recurring operating income | 76A | - | €72,000 | +€72,000 | |
| Remuneration, social security and pensions | 62 | €262,581 | €296,000 | +€33,419 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,256 | €51,381 | -€14,875 | -22.5% |
| Other operating charges | 640/8 | €4,701 | €5,727 | +€1,026 | +21.8% |
| Non-recurring operating charges | 66A | €1,190 | €405 | -€785 | -66.0% |
| Gross operating margin | 9900 | €402,979 | €644,196 | +€241,217 | +59.9% |
| Operating profit (loss) | 9901 | €68,251 | €290,683 | +€222,432 | +326% |
| Financial income | 75/76B | €7 | €1,046 | +€1,039 | +14,115% |
| Recurring financial income | 75 | €7 | €1,046 | +€1,039 | +14,115% |
| Financial charges | 65/66B | €8,351 | €6,045 | -€2,307 | -27.6% |
| Recurring financial charges | 65 | €8,351 | €6,045 | -€2,307 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €59,908 | €285,685 | +€225,777 | +377% |
| Income taxes | 67/77 | €19,505 | €75,018 | +€55,513 | +285% |
| Profit (loss) for the period | 9904 | €40,403 | €210,667 | +€170,265 | +421% |
| Profit (loss) for the period to be appropriated | 9905 | €40,403 | €210,667 | +€170,265 | +421% |
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 2 November 2026 via checked.be.