PROLED: 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.
PROLED
Largest movements
- Cash +€197,135
up €197,135 (+691%), from €28,541 to €225,676
mainly Net result for the year (+€91,363) and Current investments (+€75,000)
- Current investments -€75,000
down €75,000 (-100%), from €75,000 to €0
- Receivables within one year -€14,539
down €14,539 (-48.7%), from €29,883 to €15,344
of which Trade receivables: -€16,926
- Tangible fixed assets -€5,164
down €5,164 (-14.8%), from €34,833 to €29,669
of which Furniture and vehicles: -€8,137
- Profit (loss) carried forward +€90,530
up €90,530 (+91.8%), from €98,641 to €189,172
- Tax, wage and social debts +€20,270
up €20,270 (+55.3%), from €36,680 to €56,950
of which Taxes: +€20,070
- Debts after one year -€6,227
down €6,227 (-31.0%), from €20,070 to €13,843
- Other debts -€6,067
down €6,067 (-82.4%), from €7,368 to €1,300
- Trade debts +€4,529
up €4,529 (+460%), from €984 to €5,512
- Gross operating margin -€17,223
down €17,223 (-12.1%), from €142,271 to €125,048
- Taxes -€3,158
down €3,158 (-11.3%), from €27,944 to €24,786
- Depreciation +€1,812
up €1,812 (+27.3%), from €6,629 to €8,440
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 | €169,828 | €273,682 | +€103,854 | +61.2% |
| Fixed assets | 21/28 | €34,833 | €29,669 | -€5,164 | -14.8% |
| Tangible fixed assets | 22/27 | €34,833 | €29,669 | -€5,164 | -14.8% |
| Plant, machinery and equipment | 23 | €1,201 | €4,174 | +€2,973 | +247% |
| Furniture and vehicles | 24 | €33,632 | €25,495 | -€8,137 | -24.2% |
| Current assets | 29/58 | €134,995 | €244,013 | +€109,018 | +80.8% |
| Amounts receivable within one year | 40/41 | €29,883 | €15,344 | -€14,539 | -48.7% |
| Trade receivables | 40 | €29,883 | €12,957 | -€16,926 | -56.6% |
| Other amounts receivable | 41 | - | €2,387 | +€2,387 | |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100% |
| Cash at bank and in hand | 54/58 | €28,541 | €225,676 | +€197,135 | +691% |
| Deferred charges and accrued income | 490/1 | €1,571 | €2,993 | +€1,422 | +90.5% |
| Total equity and liabilities | 10/49 | €169,828 | €273,682 | +€103,854 | +61.2% |
| Equity | 10/15 | €98,671 | €189,202 | +€90,530 | +91.7% |
| Contributions | 10/11 | €30 | €30 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,641 | €189,172 | +€90,530 | +91.8% |
| Amounts payable | 17/49 | €71,157 | €84,480 | +€13,323 | +18.7% |
| Amounts payable after more than one year | 17 | €20,070 | €13,843 | -€6,227 | -31.0% |
| Financial debts | 170/4 | €20,070 | €13,843 | -€6,227 | -31.0% |
| Amounts payable within one year | 42/48 | €51,002 | €69,990 | +€18,987 | +37.2% |
| Current portion of amounts payable after more than one year | 42 | €5,972 | €6,227 | +€256 | +4.3% |
| Trade debts | 44 | €984 | €5,512 | +€4,529 | +460% |
| Suppliers | 440/4 | €984 | €5,512 | +€4,529 | +460% |
| Taxes, remuneration and social security | 45 | €36,680 | €56,950 | +€20,270 | +55.3% |
| Taxes | 450/3 | €34,680 | €54,750 | +€20,070 | +57.9% |
| Remuneration and social security | 454/9 | €2,000 | €2,200 | +€200 | +10.0% |
| Other amounts payable | 47/48 | €7,368 | €1,300 | -€6,067 | -82.4% |
| Accrued charges and deferred income | 492/3 | €84 | €647 | +€563 | +668% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,629 | €8,440 | +€1,812 | +27.3% |
| Other operating charges | 640/8 | €186 | €247 | +€62 | +33.2% |
| Gross operating margin | 9900 | €142,271 | €125,048 | -€17,223 | -12.1% |
| Operating profit (loss) | 9901 | €135,457 | €116,360 | -€19,096 | -14.1% |
| Financial income | 75/76B | - | €863 | +€863 | |
| Recurring financial income | 75 | - | €863 | +€863 | |
| Financial charges | 65/66B | €1,728 | €1,073 | -€655 | -37.9% |
| Recurring financial charges | 65 | €1,728 | €1,073 | -€655 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €133,728 | €116,149 | -€17,579 | -13.1% |
| Income taxes | 67/77 | €27,944 | €24,786 | -€3,158 | -11.3% |
| Profit (loss) for the period | 9904 | €105,784 | €91,363 | -€14,421 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €105,784 | €91,363 | -€14,421 | -13.6% |
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 21 October 2026 via checked.be.