PRODUCTIEF: what changed
PRODUCTIEF
Largest movements
- Receivables within one year -€8,704
down €8,704 (-9.0%), from €96,288 to €87,584
of which Trade receivables: -€6,409
- Tangible fixed assets +€8,298
up €8,298 (+107%), from €7,777 to €16,075
of which Furniture and vehicles: +€5,755
- Cash -€7,792
down €7,792 (-9.5%), from €81,722 to €73,930
mainly Contributions, distributions and other (-€42,146) and Investment in fixed assets (net) (-€10,510)
- Receivables after one year +€3,609
up €3,609 (+4.2%), from €86,085 to €89,694
- Profit (loss) carried forward -€24,960
down €24,960 (-33.4%), from €74,795 to €49,835
- Other debts +€22,865
up €22,865 (+20.2%), from €113,426 to €136,291
- Reserves +€9,720
up €9,720 (+9.6%), from €101,341 to €111,062
- Trade debts -€9,579
down €9,579 (-35.4%), from €27,088 to €17,509
- Financial income +€4,360
up €4,360 (+37,713%), from €12 to €4,371
- Financial charges +€3,238
up €3,238 (+107%), from €3,038 to €6,276
- Depreciation -€3,039
down €3,039 (-57.9%), from €5,251 to €2,212
- Taxes +€1,591
up €1,591 (+54.1%), from €2,940 to €4,531
- Gross operating margin -€839
down €839 (-2.0%), from €41,326 to €40,487
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,511 | €344,543 | -€3,968 | -1.1% |
| Fixed assets | 21/28 | €8,088 | €16,386 | +€8,298 | +103% |
| Tangible fixed assets | 22/27 | €7,777 | €16,075 | +€8,298 | +107% |
| Land and buildings | 22 | €1,346 | €5,173 | +€3,827 | +284% |
| Plant, machinery and equipment | 23 | €3,282 | €3,280 | -€2 | -0.1% |
| Furniture and vehicles | 24 | €0 | €5,755 | +€5,755 | |
| Other tangible fixed assets | 26 | €3,149 | €1,867 | -€1,282 | -40.7% |
| Financial fixed assets | 28 | €311 | €311 | = | 0.0% |
| Current assets | 29/58 | €340,423 | €328,157 | -€12,266 | -3.6% |
| Amounts receivable after more than one year | 29 | €86,085 | €89,694 | +€3,609 | +4.2% |
| Other amounts receivable | 291 | €86,085 | €89,694 | +€3,609 | +4.2% |
| Amounts receivable within one year | 40/41 | €96,288 | €87,584 | -€8,704 | -9.0% |
| Trade receivables | 40 | €91,583 | €85,174 | -€6,409 | -7.0% |
| Other amounts receivable | 41 | €4,705 | €2,410 | -€2,295 | -48.8% |
| Current investments | 50/53 | €75,819 | €76,439 | +€621 | +0.8% |
| Cash at bank and in hand | 54/58 | €81,722 | €73,930 | -€7,792 | -9.5% |
| Deferred charges and accrued income | 490/1 | €510 | €510 | = | 0.0% |
| Total equity and liabilities | 10/49 | €348,511 | €344,543 | -€3,968 | -1.1% |
| Equity | 10/15 | €194,736 | €179,497 | -€15,240 | -7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,341 | €111,062 | +€9,720 | +9.6% |
| Distributable reserves | 133 | €101,341 | €111,062 | +€9,720 | +9.6% |
| Profit (loss) carried forward | 14 | €74,795 | €49,835 | -€24,960 | -33.4% |
| Amounts payable | 17/49 | €153,775 | €165,047 | +€11,272 | +7.3% |
| Amounts payable within one year | 42/48 | €152,775 | €164,047 | +€11,272 | +7.4% |
| Trade debts | 44 | €27,088 | €17,509 | -€9,579 | -35.4% |
| Suppliers | 440/4 | €27,088 | €17,509 | -€9,579 | -35.4% |
| Taxes, remuneration and social security | 45 | €12,261 | €10,247 | -€2,014 | -16.4% |
| Taxes | 450/3 | €12,261 | €10,247 | -€2,014 | -16.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €113,426 | €136,291 | +€22,865 | +20.2% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,251 | €2,212 | -€3,039 | -57.9% |
| Other operating charges | 640/8 | €3,666 | €3,588 | -€78 | -2.1% |
| Non-recurring operating charges | 66A | - | €1,346 | +€1,346 | |
| Gross operating margin | 9900 | €41,326 | €40,487 | -€839 | -2.0% |
| Operating profit (loss) | 9901 | €32,410 | €33,342 | +€932 | +2.9% |
| Financial income | 75/76B | €12 | €4,371 | +€4,360 | +37,713% |
| Recurring financial income | 75 | €12 | €4,371 | +€4,360 | +37,713% |
| Financial charges | 65/66B | €3,038 | €6,276 | +€3,238 | +107% |
| Recurring financial charges | 65 | €3,038 | €6,276 | +€3,238 | +107% |
| Profit (loss) for the period before taxes | 9903 | €29,383 | €31,437 | +€2,053 | +7.0% |
| Income taxes | 67/77 | €2,940 | €4,531 | +€1,591 | +54.1% |
| Profit (loss) for the period | 9904 | €26,443 | €26,906 | +€463 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,443 | €26,906 | +€463 | +1.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.