PRODUWEB: 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.
PRODUWEB
Largest movements
- Current investments -€141,208
down €141,208 (-93.9%), from €150,359 to €9,151
- Receivables within one year +€122,722
up €122,722 (+26.4%), from €464,991 to €587,712
of which Trade receivables: +€115,252
- Cash -€36,309
down €36,309 (-22.0%), from €165,340 to €129,031
mainly Other debts (-€150,000) and Receivables within one year (-€122,722)
- Deferred charges and accrued income -€35,096
down €35,096 (-87.2%), from €40,265 to €5,169
- Other debts -€150,000
no longer reported in 2025 (was €150,000)
- Tax, wage and social debts -€78,325
down €78,325 (-30.5%), from €256,909 to €178,584
of which Remuneration and social security: -€47,912
- Profit (loss) carried forward +€75,249
up €75,249 (+83.6%), from €89,959 to €165,208
- Trade debts +€72,112
up €72,112 (+24.7%), from €291,537 to €363,648
- Debts after one year -€40,721
down €40,721 (-14.6%), from €278,230 to €237,508
- Provisions +€290,133
no longer reported in 2025 (was -€290,133)
- Write-downs +€121,114
up €121,114 (+93.8%), from -€129,154 to -€8,040
- Other operating charges -€118,438
down €118,438 (-91.8%), from €129,061 to €10,623
- Staff costs -€118,333
down €118,333 (-9.8%), from €1.2m to €1.1m
- Gross operating margin -€31,552
down €31,552 (-2.3%), from €1.3m to €1.3m
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 | €1,535,425 | €1,427,878 | -€107,547 | -7.0% |
| Fixed assets | 21/28 | €714,471 | €696,814 | -€17,657 | -2.5% |
| Intangible fixed assets | 21 | €11,031 | €8,185 | -€2,846 | -25.8% |
| Tangible fixed assets | 22/27 | €694,683 | €679,871 | -€14,811 | -2.1% |
| Land and buildings | 22 | €643,703 | €610,035 | -€33,668 | -5.2% |
| Furniture and vehicles | 24 | €50,979 | €69,836 | +€18,857 | +37.0% |
| Financial fixed assets | 28 | €8,757 | €8,757 | = | 0.0% |
| Current assets | 29/58 | €820,955 | €731,064 | -€89,891 | -10.9% |
| Amounts receivable within one year | 40/41 | €464,991 | €587,712 | +€122,722 | +26.4% |
| Trade receivables | 40 | €464,991 | €580,243 | +€115,252 | +24.8% |
| Other amounts receivable | 41 | - | €7,470 | +€7,470 | |
| Current investments | 50/53 | €150,359 | €9,151 | -€141,208 | -93.9% |
| Cash at bank and in hand | 54/58 | €165,340 | €129,031 | -€36,309 | -22.0% |
| Deferred charges and accrued income | 490/1 | €40,265 | €5,169 | -€35,096 | -87.2% |
| Total equity and liabilities | 10/49 | €1,535,425 | €1,427,878 | -€107,547 | -7.0% |
| Equity | 10/15 | €379,844 | €453,108 | +€73,263 | +19.3% |
| Contributions | 10/11 | €234,682 | €234,682 | = | 0.0% |
| Capital | 10 | €234,682 | €234,682 | = | 0.0% |
| Issued capital | 100 | €234,682 | €234,682 | = | 0.0% |
| Reserves | 13 | €23,468 | €23,468 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,468 | €23,468 | = | 0.0% |
| Legal reserve | 130 | €23,468 | €23,468 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,959 | €165,208 | +€75,249 | +83.6% |
| Investment grants | 15 | €31,735 | €29,750 | -€1,986 | -6.3% |
| Amounts payable | 17/49 | €1,155,581 | €974,770 | -€180,811 | -15.6% |
| Amounts payable after more than one year | 17 | €278,230 | €237,508 | -€40,721 | -14.6% |
| Financial debts | 170/4 | €278,230 | €237,508 | -€40,721 | -14.6% |
| Amounts payable within one year | 42/48 | €877,351 | €735,027 | -€142,325 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €85,923 | €82,682 | -€3,241 | -3.8% |
| Financial debts | 43 | €92,983 | €110,112 | +€17,130 | +18.4% |
| Credit institutions | 430/8 | €92,983 | €110,112 | +€17,130 | +18.4% |
| Trade debts | 44 | €291,537 | €363,648 | +€72,112 | +24.7% |
| Suppliers | 440/4 | €291,537 | €363,648 | +€72,112 | +24.7% |
| Taxes, remuneration and social security | 45 | €256,909 | €178,584 | -€78,325 | -30.5% |
| Taxes | 450/3 | €90,996 | €60,583 | -€30,413 | -33.4% |
| Remuneration and social security | 454/9 | €165,913 | €118,001 | -€47,912 | -28.9% |
| Other amounts payable | 47/48 | €150,000 | - | -€150,000 | |
| Accrued charges and deferred income | 492/3 | - | €2,235 | +€2,235 | |
| Non-recurring operating income | 76A | - | €18,335 | +€18,335 | |
| Remuneration, social security and pensions | 62 | €1,210,767 | €1,092,434 | -€118,333 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,057 | €74,747 | +€1,690 | +2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€129,154 | -€8,040 | +€121,114 | +93.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€290,133 | - | +€290,133 | |
| Other operating charges | 640/8 | €129,061 | €10,623 | -€118,438 | -91.8% |
| Gross operating margin | 9900 | €1,349,963 | €1,318,411 | -€31,552 | -2.3% |
| Operating profit (loss) | 9901 | €356,365 | €148,647 | -€207,718 | -58.3% |
| Financial income | 75/76B | €23,465 | €12,394 | -€11,071 | -47.2% |
| Recurring financial income | 75 | €23,465 | €12,394 | -€11,071 | -47.2% |
| Financial charges | 65/66B | €40,812 | €33,253 | -€7,559 | -18.5% |
| Recurring financial charges | 65 | €40,812 | €33,253 | -€7,559 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €339,018 | €127,787 | -€211,230 | -62.3% |
| Income taxes | 67/77 | €67,243 | €52,538 | -€14,705 | -21.9% |
| Profit (loss) for the period | 9904 | €271,774 | €75,249 | -€196,525 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €271,774 | €75,249 | -€196,525 | -72.3% |
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 9 October 2026 via checked.be.