Pro - duo: what changed
Two fiscal 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.
What changed
Pro - duo
NACE 46.450, Wholesale of perfume and cosmetics
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.1m
2024 · €3.4m-€4.5m
Equity
€37.9m
2024 · €39.0m-€1.1m
Cash
€595,292
2024 · €701,419-€106,127
Balance sheet total
€77.5m
2024 · €68.5m+€9.1m
Largest movements
Assets
- Receivables within one year +€6.6m
up €6.6m (+36.4%), from €18.1m to €24.7m
of which Trade receivables: +€17.4m
- Stocks and contracts +€3.8m
up €3.8m (+14.4%), from €26.7m to €30.5m
- Tangible fixed assets -€1.9m
down €1.9m (-28.7%), from €6.7m to €4.8m
of which Assets under construction and advance payments: -€1.5m
Equity and liabilities
- Other debts +€10.1m
up €10.1m (+832.7%), from €1.2m to €11.3m
- Profit (loss) carried forward -€1.1m
down €1.1m (-87.1%), from €1.2m to €160,525
Income statement
- Turnover -€2.0m
down €2.0m (-2.6%), from €75.6m to €73.7m
- Staff costs +€1.4m
up €1.4m (+7.3%), from €19.9m to €21.3m
- Services and other goods +€1.1m
up €1.1m (+6.0%), from €18.0m to €19.1m
- Other operating income -€1.0m
down €1.0m (-5.0%), from €20.9m to €19.9m
- Financial charges -€826,349
down €826,349 (-45.5%), from €1.8m to €988,357
of which Non-recurring financial charges: -€1.2m
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.
Result 2024
€3.4m
Turnover
-€2.0m
Other operating income
-€1.0m
Goods and materials
+€643,346
Services and other goods
-€1.1m
Staff costs
-€1.4m
Depreciation
+€503,860
Write-downs
-€8,302
Other operating charges
-€4,020
Other operating items
-€68,238
Financial income
-€801,598
Financial charges
+€826,349
Taxes
-€68,475
Result 2025
-€1.1m
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.
From operations
+€63,093
Investment
-€169,220
Financing
€0
Cash 2024
€701,419
From operations (derived)
+€63,093
Net result for the year
-€1.1m
Depreciation
+€1.5m
Stocks and contracts
-€3.8m
Receivables within one year
-€6.6m
Deferred charges and accrued income
-€36,284
Smaller working-capital items
+€21,239
Tax, wage and social debts
-€54,234
Other debts
+€10.1m
Accrued charges and deferred income
+€33,640
Investment (derived)
-€169,220
Investment in fixed assets (net)
-€169,220
Cash 2025
€595,292
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,468,606 | €77,519,629 | +€9.1m | +13.2% |
| Fixed assets | 21/28 | €22,071,288 | €20,741,506 | -€1.3m | -6.0% |
| Intangible fixed assets | 21 | €1,692,195 | €2,301,662 | +€609,468 | +36.0% |
| Tangible fixed assets | 22/27 | €6,745,214 | €4,806,192 | -€1.9m | -28.7% |
| Plant, machinery and equipment | 23 | €1,115,954 | €696,618 | -€419,336 | -37.6% |
| Furniture and vehicles | 24 | €405,774 | €490,141 | +€84,366 | +20.8% |
| Other tangible fixed assets | 26 | €1,024,676 | €945,950 | -€78,726 | -7.7% |
| Assets under construction and advance payments | 27 | €4,198,810 | €2,673,483 | -€1.5m | -36.3% |
| Financial fixed assets | 28 | €13,633,879 | €13,633,651 | -€228 | 0.0% |
| Affiliated companies | 280/1 | €13,632,483 | €13,632,673 | +€190 | 0.0% |
| Participating interests | 280 | €13,632,483 | €13,632,673 | +€190 | 0.0% |
| Other financial fixed assets | 284/8 | €1,396 | €978 | -€418 | -29.9% |
| Amounts receivable and cash guarantees | 285/8 | €1,396 | €978 | -€418 | -29.9% |
| Current assets | 29/58 | €46,397,317 | €56,778,124 | +€10.4m | +22.4% |
| Stocks and contracts in progress | 3 | €26,694,779 | €30,536,961 | +€3.8m | +14.4% |
| Stocks | 30/36 | €26,694,779 | €30,536,961 | +€3.8m | +14.4% |
| Goods purchased for resale | 34 | €26,694,779 | €30,536,961 | +€3.8m | +14.4% |
| Amounts receivable within one year | 40/41 | €18,132,668 | €24,741,135 | +€6.6m | +36.4% |
| Trade receivables | 40 | €7,016,482 | €24,372,987 | +€17.4m | +247.4% |
| Other amounts receivable | 41 | €11,116,186 | €368,148 | -€10.7m | -96.7% |
| Cash at bank and in hand | 54/58 | €701,419 | €595,292 | -€106,127 | -15.1% |
| Deferred charges and accrued income | 490/1 | €868,452 | €904,736 | +€36,284 | +4.2% |
| Total equity and liabilities | 10/49 | €68,468,606 | €77,519,629 | +€9.1m | +13.2% |
| Equity | 10/15 | €38,963,873 | €37,883,846 | -€1.1m | -2.8% |
| Contributions | 10/11 | €37,723,320 | €37,723,320 | = | 0.0% |
| Capital | 10 | €37,723,320 | €37,723,320 | = | 0.0% |
| Issued capital | 100 | €37,723,320 | €37,723,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,240,552 | €160,525 | -€1.1m | -87.1% |
| Amounts payable | 17/49 | €29,504,733 | €39,635,784 | +€10.1m | +34.3% |
| Amounts payable within one year | 42/48 | €29,158,516 | €39,255,927 | +€10.1m | +34.6% |
| Trade debts | 44 | €23,963,221 | €23,973,185 | +€9,964 | 0.0% |
| Suppliers | 440/4 | €23,963,221 | €23,973,185 | +€9,964 | 0.0% |
| Advances received on contracts in progress | 46 | €19,274 | €30,550 | +€11,276 | +58.5% |
| Taxes, remuneration and social security | 45 | €3,959,431 | €3,905,197 | -€54,234 | -1.4% |
| Taxes | 450/3 | €132,391 | - | -€132,391 | |
| Remuneration and social security | 454/9 | €3,827,040 | €3,905,197 | +€78,157 | +2.0% |
| Other amounts payable | 47/48 | €1,216,590 | €11,346,995 | +€10.1m | +832.7% |
| Accrued charges and deferred income | 492/3 | €346,217 | €379,857 | +€33,640 | +9.7% |
| Operating income | 70/76A | €96,533,020 | €93,523,308 | -€3.0m | -3.1% |
| Turnover | 70 | €75,630,070 | €73,661,280 | -€2.0m | -2.6% |
| Other operating income | 74 | €20,902,950 | €19,862,028 | -€1.0m | -5.0% |
| Operating charges | 60/66A | €92,750,043 | €94,214,169 | +€1.5m | +1.6% |
| Goods for resale, raw materials and consumables | 60 | €52,695,505 | €52,052,158 | -€643,346 | -1.2% |
| Purchases | 600/8 | €53,552,578 | €55,826,829 | +€2.3m | +4.2% |
| Change in stocks: decrease (increase) | 609 | -€857,073 | -€3,774,671 | -€2.9m | -340.4% |
| Services and other goods | 61 | €18,007,291 | €19,090,680 | +€1.1m | +6.0% |
| Remuneration, social security and pensions | 62 | €19,866,940 | €21,314,323 | +€1.4m | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,002,862 | €1,499,002 | -€503,860 | -25.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,687 | €5,616 | +€8,302 | |
| Other operating charges | 640/8 | €179,912 | €183,932 | +€4,020 | +2.2% |
| Non-recurring operating charges | 66A | €220 | €68,458 | +€68,238 | +31017.2% |
| Operating profit (loss) | 9901 | €3,782,976 | -€690,861 | -€4.5m | |
| Financial income | 75/76B | €1,673,130 | €871,531 | -€801,598 | -47.9% |
| Recurring financial income | 75 | €1,588,930 | €101,781 | -€1.5m | -93.6% |
| Other financial income | 752/9 | €1,588,930 | €101,781 | -€1.5m | -93.6% |
| Non-recurring financial income | 76B | €84,200 | €769,750 | +€685,550 | +814.2% |
| Financial charges | 65/66B | €1,814,706 | €988,357 | -€826,349 | -45.5% |
| Recurring financial charges | 65 | €636,293 | €988,357 | +€352,063 | +55.3% |
| Debt charges | 650 | €162,159 | €421,752 | +€259,592 | +160.1% |
| Other financial charges | 652/9 | €474,134 | €566,605 | +€92,471 | +19.5% |
| Non-recurring financial charges | 66B | €1,178,413 | - | -€1.2m | |
| Profit (loss) for the period before taxes | 9903 | €3,641,400 | -€807,687 | -€4.4m | |
| Income taxes | 67/77 | €203,865 | €272,340 | +€68,475 | +33.6% |
| Taxes | 670/3 | €203,865 | €272,340 | +€68,475 | +33.6% |
| Profit (loss) for the period | 9904 | €3,437,534 | -€1,080,027 | -€4.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €3,437,534 | -€1,080,027 | -€4.5m |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.