PRODEBEL: 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.
PRODEBEL
Largest movements
- Receivables within one year +€23,353
up €23,353 (+33.7%), from €69,264 to €92,617
of which Trade receivables: +€32,353
- Stocks and contracts -€19,922
down €19,922 (-32.2%), from €61,791 to €41,869
- Cash -€11,107
down €11,107 (-7.0%), from €158,961 to €147,853
mainly Receivables within one year (-€23,353) and Investment in fixed assets (net) (-€19,037)
- Tangible fixed assets +€10,941
up €10,941 (+138.3%), from €7,909 to €18,850
of which Furniture and vehicles: +€11,211
- Reserves +€32,385
up €32,385 (+16.2%), from €199,703 to €232,089
of which Distributable reserves: +€32,385
- Other debts -€13,576
down €13,576 (-54.8%), from €24,768 to €11,192
- Trade debts -€12,601
down €12,601 (-37.9%), from €33,223 to €20,622
- Write-downs +€17,824
up €17,824, from -€15,286 to €2,538
- Gross operating margin +€5,805
up €5,805 (+10.9%), from €53,104 to €58,909
- Taxes -€3,333
down €3,333 (-18.7%), from €17,811 to €14,479
- Depreciation +€2,171
up €2,171 (+36.6%), from €5,925 to €8,096
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,074 | €309,979 | +€4,906 | +1.6% |
| Fixed assets | 21/28 | €7,909 | €18,850 | +€10,941 | +138.3% |
| Tangible fixed assets | 22/27 | €7,909 | €18,850 | +€10,941 | +138.3% |
| Plant, machinery and equipment | 23 | €1,322 | €1,051 | -€270 | -20.4% |
| Furniture and vehicles | 24 | €6,587 | €17,799 | +€11,211 | +170.2% |
| Current assets | 29/58 | €297,165 | €291,129 | -€6,036 | -2.0% |
| Stocks and contracts in progress | 3 | €61,791 | €41,869 | -€19,922 | -32.2% |
| Stocks | 30/36 | €61,791 | €41,869 | -€19,922 | -32.2% |
| Amounts receivable within one year | 40/41 | €69,264 | €92,617 | +€23,353 | +33.7% |
| Trade receivables | 40 | €58,764 | €91,117 | +€32,353 | +55.1% |
| Other amounts receivable | 41 | €10,500 | €1,500 | -€9,000 | -85.7% |
| Current investments | 50/53 | €5,710 | €5,710 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €158,961 | €147,853 | -€11,107 | -7.0% |
| Deferred charges and accrued income | 490/1 | €1,439 | €3,080 | +€1,641 | +114.0% |
| Total equity and liabilities | 10/49 | €305,074 | €309,979 | +€4,906 | +1.6% |
| Equity | 10/15 | €218,303 | €250,689 | +€32,385 | +14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €199,703 | €232,089 | +€32,385 | +16.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €197,843 | €230,229 | +€32,385 | +16.4% |
| Amounts payable | 17/49 | €86,771 | €59,291 | -€27,480 | -31.7% |
| Amounts payable within one year | 42/48 | €86,771 | €59,291 | -€27,480 | -31.7% |
| Trade debts | 44 | €33,223 | €20,622 | -€12,601 | -37.9% |
| Suppliers | 440/4 | €33,223 | €20,622 | -€12,601 | -37.9% |
| Taxes, remuneration and social security | 45 | €28,780 | €27,477 | -€1,303 | -4.5% |
| Taxes | 450/3 | €28,780 | €27,477 | -€1,303 | -4.5% |
| Other amounts payable | 47/48 | €24,768 | €11,192 | -€13,576 | -54.8% |
| Non-recurring operating income | 76A | - | €507 | +€507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,925 | €8,096 | +€2,171 | +36.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,286 | €2,538 | +€17,824 | |
| Other operating charges | 640/8 | €927 | €856 | -€71 | -7.6% |
| Gross operating margin | 9900 | €53,104 | €58,909 | +€5,805 | +10.9% |
| Operating profit (loss) | 9901 | €61,538 | €47,419 | -€14,119 | -22.9% |
| Financial income | 75/76B | €13 | €276 | +€263 | +2077.5% |
| Recurring financial income | 75 | €13 | €276 | +€263 | +2077.5% |
| Financial charges | 65/66B | €532 | €831 | +€299 | +56.3% |
| Recurring financial charges | 65 | €532 | €831 | +€299 | +56.3% |
| Profit (loss) for the period before taxes | 9903 | €61,019 | €46,864 | -€14,155 | -23.2% |
| Income taxes | 67/77 | €17,811 | €14,479 | -€3,333 | -18.7% |
| Profit (loss) for the period | 9904 | €43,208 | €32,385 | -€10,823 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,208 | €32,385 | -€10,823 | -25.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.