Prodware Belgium: 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.
Prodware Belgium
Largest movements
- Receivables within one year +€408,650
up €408,650 (+71.8%), from €569,324 to €977,974
of which Other amounts receivable: +€400,229
- Intangible fixed assets -€125,015
down €125,015 (-25.0%), from €500,058 to €375,044
- Cash +€77,679
up €77,679 (+318%), from €24,451 to €102,130
mainly Contributions, distributions and other (+€1.9m) and Depreciation (+€132,398)
- Profit (loss) carried forward +€3.2m
up €3.2m (+75.4%), from -€4.3m to -€1.1m
- Contributions -€2.0m
down €2.0m (-66.7%), from €3.0m to €1.0m
- Other debts -€894,380
down €894,380 (-51.6%), from €1.7m to €840,440
- Tax, wage and social debts +€58,483
up €58,483 (+30.4%), from €192,434 to €250,917
of which Taxes: +€35,639
- Trade debts -€54,490
down €54,490 (-15.4%), from €353,724 to €299,234
- Write-downs -€450,103
down €450,103, from €424,656 to -€25,448
- Gross operating margin -€259,633
down €259,633 (-21.1%), from €1.2m to €970,515
- Staff costs -€161,065
down €161,065 (-9.7%), from €1.7m to €1.5m
- Financial charges -€38,362
down €38,362 (-42.2%), from €90,852 to €52,490
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 | €1,152,779 | €1,511,469 | +€358,690 | +31.1% |
| Fixed assets | 21/28 | €516,484 | €389,562 | -€126,922 | -24.6% |
| Intangible fixed assets | 21 | €500,058 | €375,044 | -€125,015 | -25.0% |
| Tangible fixed assets | 22/27 | €8,318 | €6,411 | -€1,908 | -22.9% |
| Furniture and vehicles | 24 | €5,760 | €5,558 | -€202 | -3.5% |
| Other tangible fixed assets | 26 | €2,558 | €853 | -€1,705 | -66.7% |
| Financial fixed assets | 28 | €8,108 | €8,108 | = | 0.0% |
| Current assets | 29/58 | €636,295 | €1,121,907 | +€485,612 | +76.3% |
| Amounts receivable within one year | 40/41 | €569,324 | €977,974 | +€408,650 | +71.8% |
| Trade receivables | 40 | €520,222 | €528,643 | +€8,421 | +1.6% |
| Other amounts receivable | 41 | €49,102 | €449,332 | +€400,229 | +815% |
| Cash at bank and in hand | 54/58 | €24,451 | €102,130 | +€77,679 | +318% |
| Deferred charges and accrued income | 490/1 | €42,521 | €41,803 | -€718 | -1.7% |
| Total equity and liabilities | 10/49 | €1,152,779 | €1,511,469 | +€358,690 | +31.1% |
| Equity | 10/15 | -€1,255,525 | -€30,198 | +€1.2m | +97.6% |
| Contributions | 10/11 | €3,000,000 | €1,000,000 | -€2.0m | -66.7% |
| Capital | 10 | €3,000,000 | €1,000,000 | -€2.0m | -66.7% |
| Issued capital | 100 | €3,000,000 | €1,000,000 | -€2.0m | -66.7% |
| Reserves | 13 | €20,395 | €20,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,395 | €20,395 | = | 0.0% |
| Legal reserve | 130 | €20,395 | €20,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,275,920 | -€1,050,593 | +€3.2m | +75.4% |
| Amounts payable | 17/49 | €2,408,305 | €1,541,667 | -€866,638 | -36.0% |
| Amounts payable within one year | 42/48 | €2,280,978 | €1,424,238 | -€856,740 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | - | €33,646 | +€33,646 | |
| Trade debts | 44 | €353,724 | €299,234 | -€54,490 | -15.4% |
| Suppliers | 440/4 | €353,724 | €299,234 | -€54,490 | -15.4% |
| Taxes, remuneration and social security | 45 | €192,434 | €250,917 | +€58,483 | +30.4% |
| Taxes | 450/3 | €29,090 | €64,729 | +€35,639 | +123% |
| Remuneration and social security | 454/9 | €163,344 | €186,188 | +€22,844 | +14.0% |
| Other amounts payable | 47/48 | €1,734,820 | €840,440 | -€894,380 | -51.6% |
| Accrued charges and deferred income | 492/3 | €127,326 | €117,429 | -€9,897 | -7.8% |
| Non-recurring operating income | 76A | €50,700 | - | -€50,700 | |
| Remuneration, social security and pensions | 62 | €1,656,279 | €1,495,214 | -€161,065 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,407 | €132,398 | -€4,009 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €424,656 | -€25,448 | -€450,103 | |
| Other operating charges | 640/8 | €31,069 | €23,401 | -€7,668 | -24.7% |
| Gross operating margin | 9900 | €1,230,148 | €970,515 | -€259,633 | -21.1% |
| Operating profit (loss) | 9901 | -€1,018,262 | -€655,049 | +€363,212 | +35.7% |
| Financial income | 75/76B | €32 | - | -€32 | |
| Recurring financial income | 75 | €32 | - | -€32 | |
| Financial charges | 65/66B | €90,852 | €52,490 | -€38,362 | -42.2% |
| Recurring financial charges | 65 | €90,852 | €52,490 | -€38,362 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,109,082 | -€707,540 | +€401,542 | +36.2% |
| Income taxes | 67/77 | €4,827 | €3,900 | -€927 | -19.2% |
| Profit (loss) for the period | 9904 | -€1,113,910 | -€711,440 | +€402,470 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,113,910 | -€711,440 | +€402,470 | +36.1% |
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 28 October 2026 via checked.be.