PRODING PACT: 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.
PRODING PACT
Largest movements
- Receivables within one year -€33,249
down €33,249 (-63.1%), from €52,660 to €19,412
of which Trade receivables: -€42,406
- Cash +€13,064
up €13,064 (+5198.8%), from €251 to €13,315
mainly Receivables within one year (+€33,249) and Other debts (+€13,228)
- Receivables after one year +€10,000
new in 2025: €10,000
- Tangible fixed assets -€2,895
down €2,895 (-23.5%), from €12,295 to €9,400
of which Furniture and vehicles: -€3,210
- Profit (loss) carried forward -€20,270
down €20,270 (-58.6%), from €34,602 to €14,332
- Other debts +€13,228
up €13,228 (+1510.5%), from €876 to €14,103
- Reserves -€10,000
down €10,000 (-34.5%), from €29,000 to €19,000
- Trade debts +€5,536
up €5,536 (+721.6%), from €767 to €6,304
- Current portion of long-term debt -€2,172
down €2,172 (-83.3%), from €2,606 to €434
- Write-downs +€79,500
new in 2025: €79,500
- Gross operating margin +€44,117
up €44,117 (+217.5%), from €20,285 to €64,401
- Taxes -€5,113
down €5,113, from €4,402 to -€711
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 | €90,263 | €77,127 | -€13,136 | -14.6% |
| Fixed assets | 21/28 | €37,295 | €34,400 | -€2,895 | -7.8% |
| Tangible fixed assets | 22/27 | €12,295 | €9,400 | -€2,895 | -23.5% |
| Plant, machinery and equipment | 23 | €1,345 | €1,661 | +€315 | +23.4% |
| Furniture and vehicles | 24 | €10,949 | €7,739 | -€3,210 | -29.3% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €52,968 | €42,726 | -€10,241 | -19.3% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €52,660 | €19,412 | -€33,249 | -63.1% |
| Trade receivables | 40 | €49,199 | €6,793 | -€42,406 | -86.2% |
| Other amounts receivable | 41 | €3,461 | €12,618 | +€9,157 | +264.6% |
| Cash at bank and in hand | 54/58 | €251 | €13,315 | +€13,064 | +5198.8% |
| Deferred charges and accrued income | 490/1 | €56 | €0 | -€56 | -100.0% |
| Total equity and liabilities | 10/49 | €90,263 | €77,127 | -€13,136 | -14.6% |
| Equity | 10/15 | €69,802 | €39,532 | -€30,270 | -43.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,000 | €19,000 | -€10,000 | -34.5% |
| Distributable reserves | 133 | €29,000 | €19,000 | -€10,000 | -34.5% |
| Profit (loss) carried forward | 14 | €34,602 | €14,332 | -€20,270 | -58.6% |
| Amounts payable | 17/49 | €20,461 | €37,594 | +€17,133 | +83.7% |
| Amounts payable after more than one year | 17 | €434 | €0 | -€434 | -100.0% |
| Financial debts | 170/4 | €434 | €0 | -€434 | -100.0% |
| Amounts payable within one year | 42/48 | €19,355 | €37,594 | +€18,240 | +94.2% |
| Current portion of amounts payable after more than one year | 42 | €2,606 | €434 | -€2,172 | -83.3% |
| Financial debts | 43 | €8,000 | €8,000 | = | 0.0% |
| Credit institutions | 430/8 | €8,000 | €8,000 | = | 0.0% |
| Trade debts | 44 | €767 | €6,304 | +€5,536 | +721.6% |
| Suppliers | 440/4 | €767 | €6,304 | +€5,536 | +721.6% |
| Taxes, remuneration and social security | 45 | €7,105 | €8,753 | +€1,648 | +23.2% |
| Taxes | 450/3 | €4,856 | €8,753 | +€3,896 | +80.2% |
| Remuneration and social security | 454/9 | €2,249 | €0 | -€2,249 | -100.0% |
| Other amounts payable | 47/48 | €876 | €14,103 | +€13,228 | +1510.5% |
| Accrued charges and deferred income | 492/3 | €672 | €0 | -€672 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,916 | €3,940 | +€24 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €79,500 | +€79,500 | |
| Other operating charges | 640/8 | €744 | €776 | +€32 | +4.2% |
| Gross operating margin | 9900 | €20,285 | €64,401 | +€44,117 | +217.5% |
| Operating profit (loss) | 9901 | €15,624 | -€19,815 | -€35,439 | |
| Financial income | 75/76B | €0 | €19 | +€19 | +188200.0% |
| Recurring financial income | 75 | €0 | €19 | +€19 | +188200.0% |
| Financial charges | 65/66B | €920 | €1,184 | +€264 | +28.7% |
| Recurring financial charges | 65 | €920 | €1,184 | +€264 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €14,704 | -€20,980 | -€35,684 | |
| Income taxes | 67/77 | €4,402 | -€711 | -€5,113 | |
| Profit (loss) for the period | 9904 | €10,301 | -€20,270 | -€30,571 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,301 | -€20,270 | -€30,571 |
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 12 October 2026 via checked.be.