PRODEX: 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.
PRODEX
Largest movements
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Cash +€180,120
up €180,120 (+369%), from €48,824 to €228,945
mainly Current investments (+€500,000) and Other debts (+€100,560)
- Receivables within one year +€108,762
up €108,762 (+1,053%), from €10,330 to €119,092
of which Other amounts receivable: +€107,857
- Tangible fixed assets +€103,771
up €103,771 (+7.1%), from €1.5m to €1.6m
of which Land and buildings: +€119,141
- Financial fixed assets -€40,000
down €40,000 (-38.2%), from €104,789 to €64,789
- Profit (loss) carried forward -€229,755
down €229,755 (-15.3%), from €1.5m to €1.3m
- Other debts +€100,560
up €100,560 (+156%), from €64,440 to €165,000
- Gross operating margin -€108,900
down €108,900, from €79,019 to -€29,881
- Depreciation +€18,647
up €18,647 (+24.6%), from €75,861 to €94,508
- Financial income -€1,106
down €1,106 (-4.6%), from €24,113 to €23,008
- Other operating charges +€939
up €939 (+17.7%), from €5,292 to €6,231
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 | €2,121,748 | €1,974,401 | -€147,347 | -6.9% |
| Fixed assets | 21/28 | €1,562,594 | €1,626,364 | +€63,771 | +4.1% |
| Tangible fixed assets | 22/27 | €1,457,804 | €1,561,575 | +€103,771 | +7.1% |
| Land and buildings | 22 | €1,391,847 | €1,510,988 | +€119,141 | +8.6% |
| Plant, machinery and equipment | 23 | €12,796 | €9,878 | -€2,918 | -22.8% |
| Furniture and vehicles | 24 | €53,161 | €40,709 | -€12,452 | -23.4% |
| Financial fixed assets | 28 | €104,789 | €64,789 | -€40,000 | -38.2% |
| Current assets | 29/58 | €559,155 | €348,037 | -€211,118 | -37.8% |
| Amounts receivable within one year | 40/41 | €10,330 | €119,092 | +€108,762 | +1,053% |
| Trade receivables | 40 | €3,293 | €4,198 | +€905 | +27.5% |
| Other amounts receivable | 41 | €7,037 | €114,894 | +€107,857 | +1,533% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €48,824 | €228,945 | +€180,120 | +369% |
| Total equity and liabilities | 10/49 | €2,121,748 | €1,974,401 | -€147,347 | -6.9% |
| Equity | 10/15 | €1,994,246 | €1,768,396 | -€225,850 | -11.3% |
| Contributions | 10/11 | €379,277 | €379,277 | = | 0.0% |
| Capital | 10 | €379,277 | €379,277 | = | 0.0% |
| Issued capital | 100 | €379,277 | €379,277 | = | 0.0% |
| Reserves | 13 | €116,944 | €120,850 | +€3,905 | +3.3% |
| Non-distributable reserves | 130/1 | €38,750 | €38,750 | = | 0.0% |
| Legal reserve | 130 | €37,928 | €37,928 | = | 0.0% |
| Reserves not available under the articles | 1311 | €822 | €822 | = | 0.0% |
| Tax-exempt reserves | 132 | €78,195 | €82,100 | +€3,905 | +5.0% |
| Profit (loss) carried forward | 14 | €1,498,024 | €1,268,269 | -€229,755 | -15.3% |
| Amounts payable | 17/49 | €127,503 | €206,005 | +€78,503 | +61.6% |
| Amounts payable after more than one year | 17 | €40,463 | €22,264 | -€18,199 | -45.0% |
| Financial debts | 170/4 | €40,463 | €22,264 | -€18,199 | -45.0% |
| Amounts payable within one year | 42/48 | €87,040 | €183,741 | +€96,701 | +111% |
| Current portion of amounts payable after more than one year | 42 | €17,682 | €18,199 | +€516 | +2.9% |
| Trade debts | 44 | €4,918 | €542 | -€4,375 | -89.0% |
| Suppliers | 440/4 | €4,918 | €542 | -€4,375 | -89.0% |
| Other amounts payable | 47/48 | €64,440 | €165,000 | +€100,560 | +156% |
| Non-recurring operating income | 76A | €3,177 | - | -€3,177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,861 | €94,508 | +€18,647 | +24.6% |
| Other operating charges | 640/8 | €5,292 | €6,231 | +€939 | +17.7% |
| Gross operating margin | 9900 | €79,019 | -€29,881 | -€108,900 | |
| Operating profit (loss) | 9901 | -€2,134 | -€130,620 | -€128,485 | -6,020% |
| Financial income | 75/76B | €24,113 | €23,008 | -€1,106 | -4.6% |
| Recurring financial income | 75 | €24,113 | €23,008 | -€1,106 | -4.6% |
| Financial charges | 65/66B | €1,981 | €1,978 | -€3 | -0.2% |
| Recurring financial charges | 65 | €1,981 | €1,978 | -€3 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €19,998 | -€109,590 | -€129,588 | |
| Income taxes | 67/77 | €197 | €165 | -€32 | -16.2% |
| Profit (loss) for the period | 9904 | €19,801 | -€109,755 | -€129,556 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,801 | -€109,755 | -€129,556 |
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 15 October 2026 via checked.be.