A-PROD: 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.
A-PROD
Largest movements
- Receivables within one year -€52,419
down €52,419 (-74.7%), from €70,184 to €17,765
of which Trade receivables: -€66,735
- Tangible fixed assets -€11,587
down €11,587 (-21.2%), from €54,643 to €43,057
- Cash +€3,777
up €3,777 (+6.9%), from €55,040 to €58,817
mainly Receivables within one year (+€52,419) and Depreciation (+€12,420)
- Trade debts -€60,761
down €60,761 (-96.6%), from €62,870 to €2,110
- Profit (loss) carried forward +€11,905
up €11,905 (+26.8%), from €44,431 to €56,336
- Debts after one year -€7,333
down €7,333 (-15.7%), from €46,729 to €39,396
- Tax, wage and social debts -€3,744
down €3,744 (-21.6%), from €17,310 to €13,566
of which Remuneration and social security: -€7,000
- Gross operating margin -€26,741
down €26,741 (-46.1%), from €58,000 to €31,260
- Depreciation +€9,637
up €9,637 (+346%), from €2,783 to €12,420
- Taxes -€6,537
down €6,537 (-65.0%), from €10,051 to €3,515
- Financial charges +€1,404
up €1,404 (+282%), from €498 to €1,902
- Other operating charges +€968
up €968 (+759%), from €128 to €1,095
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 | €181,683 | €121,240 | -€60,443 | -33.3% |
| Fixed assets | 21/28 | €56,460 | €44,040 | -€12,420 | -22.0% |
| Intangible fixed assets | 21 | €1,817 | €984 | -€833 | -45.9% |
| Tangible fixed assets | 22/27 | €54,643 | €43,057 | -€11,587 | -21.2% |
| Furniture and vehicles | 24 | €54,643 | €43,057 | -€11,587 | -21.2% |
| Current assets | 29/58 | €125,223 | €77,200 | -€48,023 | -38.4% |
| Amounts receivable within one year | 40/41 | €70,184 | €17,765 | -€52,419 | -74.7% |
| Trade receivables | 40 | €70,184 | €3,448 | -€66,735 | -95.1% |
| Other amounts receivable | 41 | - | €14,316 | +€14,316 | |
| Cash at bank and in hand | 54/58 | €55,040 | €58,817 | +€3,777 | +6.9% |
| Deferred charges and accrued income | 490/1 | - | €618 | +€618 | |
| Total equity and liabilities | 10/49 | €181,683 | €121,240 | -€60,443 | -33.3% |
| Equity | 10/15 | €46,931 | €58,836 | +€11,905 | +25.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,431 | €56,336 | +€11,905 | +26.8% |
| Amounts payable | 17/49 | €134,753 | €62,404 | -€72,348 | -53.7% |
| Amounts payable after more than one year | 17 | €46,729 | €39,396 | -€7,333 | -15.7% |
| Financial debts | 170/4 | €46,729 | €39,396 | -€7,333 | -15.7% |
| Amounts payable within one year | 42/48 | €88,023 | €23,008 | -€65,015 | -73.9% |
| Current portion of amounts payable after more than one year | 42 | €7,075 | €7,333 | +€258 | +3.6% |
| Trade debts | 44 | €62,870 | €2,110 | -€60,761 | -96.6% |
| Suppliers | 440/4 | €62,870 | €2,110 | -€60,761 | -96.6% |
| Taxes, remuneration and social security | 45 | €17,310 | €13,566 | -€3,744 | -21.6% |
| Taxes | 450/3 | €10,310 | €13,566 | +€3,256 | +31.6% |
| Remuneration and social security | 454/9 | €7,000 | €0 | -€7,000 | -100% |
| Other amounts payable | 47/48 | €769 | €0 | -€769 | -100% |
| Remuneration, social security and pensions | 62 | €110 | €0 | -€110 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,783 | €12,420 | +€9,637 | +346% |
| Other operating charges | 640/8 | €128 | €1,095 | +€968 | +759% |
| Non-recurring operating charges | 66A | - | €422 | +€422 | |
| Gross operating margin | 9900 | €58,000 | €31,260 | -€26,741 | -46.1% |
| Operating profit (loss) | 9901 | €54,980 | €17,322 | -€37,658 | -68.5% |
| Financial charges | 65/66B | €498 | €1,902 | +€1,404 | +282% |
| Recurring financial charges | 65 | €498 | €1,902 | +€1,404 | +282% |
| Profit (loss) for the period before taxes | 9903 | €54,482 | €15,419 | -€39,062 | -71.7% |
| Income taxes | 67/77 | €10,051 | €3,515 | -€6,537 | -65.0% |
| Profit (loss) for the period | 9904 | €44,431 | €11,905 | -€32,526 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,431 | €11,905 | -€32,526 | -73.2% |
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 25 October 2026 via checked.be.