Produval: 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.
Produval
Largest movements
- Tangible fixed assets -€49,983
down €49,983 (-16.8%), from €297,298 to €247,315
- Receivables within one year -€14,626
down €14,626 (-79.7%), from €18,356 to €3,730
of which Trade receivables: -€12,190
- Stocks and contracts +€13,090
up €13,090 (+67.2%), from €19,483 to €32,573
- Cash -€3,901
down €3,901 (-94.4%), from €4,131 to €230
mainly Other debts (-€1.3m) and Net result for the year (-€137,753)
- Debts after one year +€1.4m
new in 2026: €1.4m
- Other debts -€1.3m
down €1.3m (-88.0%), from €1.5m to €183,170
- Profit (loss) carried forward -€137,753
down €137,753 (-9.8%), from -€1.4m to -€1.5m
- Trade debts -€4,833
down €4,833 (-38.8%), from €12,473 to €7,639
- Gross operating margin +€74,610
up €74,610 (+75.1%), from -€99,366 to -€24,756
- Purchases and services +€48,540
new in 2026: €48,540
- Staff costs +€2,226
up €2,226 (+3.5%), from €63,199 to €65,425
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €344,746 | €289,326 | -€55,420 | -16.1% |
| Fixed assets | 21/28 | €302,776 | €252,793 | -€49,983 | -16.5% |
| Tangible fixed assets | 22/27 | €297,298 | €247,315 | -€49,983 | -16.8% |
| Land and buildings | 22 | €214,550 | €193,165 | -€21,385 | -10.0% |
| Plant, machinery and equipment | 23 | €68,305 | €45,584 | -€22,721 | -33.3% |
| Furniture and vehicles | 24 | €14,443 | €8,566 | -€5,877 | -40.7% |
| Financial fixed assets | 28 | €5,477 | €5,477 | = | 0.0% |
| Current assets | 29/58 | €41,970 | €36,533 | -€5,437 | -13.0% |
| Stocks and contracts in progress | 3 | €19,483 | €32,573 | +€13,090 | +67.2% |
| Stocks | 30/36 | €19,483 | €32,573 | +€13,090 | +67.2% |
| Amounts receivable within one year | 40/41 | €18,356 | €3,730 | -€14,626 | -79.7% |
| Trade receivables | 40 | €15,190 | €3,000 | -€12,190 | -80.3% |
| Other amounts receivable | 41 | €3,166 | €730 | -€2,436 | -76.9% |
| Cash at bank and in hand | 54/58 | €4,131 | €230 | -€3,901 | -94.4% |
| Total equity and liabilities | 10/49 | €344,746 | €289,326 | -€55,420 | -16.1% |
| Equity | 10/15 | -€1,189,943 | -€1,327,695 | -€137,753 | -11.6% |
| Contributions | 10/11 | €219,000 | €219,000 | = | 0.0% |
| Capital | 10 | €219,000 | - | -€219,000 | |
| Issued capital | 100 | €219,000 | - | -€219,000 | |
| Profit (loss) carried forward | 14 | -€1,408,943 | -€1,546,695 | -€137,753 | -9.8% |
| Amounts payable | 17/49 | €1,534,689 | €1,617,021 | +€82,332 | +5.4% |
| Amounts payable after more than one year | 17 | - | €1,426,212 | +€1.4m | |
| Financial debts | 170/4 | - | €1,426,212 | +€1.4m | |
| Amounts payable within one year | 42/48 | €1,534,689 | €190,810 | -€1.3m | -87.6% |
| Trade debts | 44 | €12,473 | €7,639 | -€4,833 | -38.8% |
| Suppliers | 440/4 | €12,473 | €7,639 | -€4,833 | -38.8% |
| Other amounts payable | 47/48 | €1,522,216 | €183,170 | -€1.3m | -88.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €48,540 | +€48,540 | |
| Remuneration, social security and pensions | 62 | €63,199 | €65,425 | +€2,226 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,837 | €46,837 | = | 0.0% |
| Other operating charges | 640/8 | €832 | €564 | -€268 | -32.2% |
| Gross operating margin | 9900 | -€99,366 | -€24,756 | +€74,610 | +75.1% |
| Operating profit (loss) | 9901 | -€210,233 | -€137,582 | +€72,652 | +34.6% |
| Financial income | 75/76B | €271 | €0 | -€270 | -100.0% |
| Recurring financial income | 75 | €271 | €0 | -€270 | -100.0% |
| Non-recurring financial income | 76B | €271 | €0 | -€270 | -100.0% |
| Financial charges | 65/66B | €259 | €171 | -€88 | -34.0% |
| Recurring financial charges | 65 | €161 | €0 | -€160 | -99.9% |
| Non-recurring financial charges | 66B | €98 | €171 | +€72 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | -€210,222 | -€137,753 | +€72,469 | +34.5% |
| Profit (loss) for the period | 9904 | -€210,222 | -€137,753 | +€72,469 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€210,222 | -€137,753 | +€72,469 | +34.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.