PROLOGE MARCHE: 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.
PROLOGE MARCHE
Largest movements
- Stocks and contracts -€12.4m
down €12.4m (-52.1%), from €23.9m to €11.4m
- Receivables within one year +€9.7m
up €9.7m (+731.1%), from €1.3m to €11.0m
of which Other amounts receivable: +€5.2m
- Tangible fixed assets +€748,824
up €748,824 (+4985.6%), from €15,020 to €763,843
of which Land and buildings: +€673,877
- Cash +€272,516
up €272,516 (+1243.7%), from €21,912 to €294,427
mainly Stocks and contracts (+€12.4m) and Net result for the year (+€1.3m)
- Short-term financial debts -€4.5m
down €4.5m (-81.8%), from €5.5m to €1.0m
- Reserves +€1.9m
up €1.9m (+72.1%), from €2.6m to €4.5m
of which Distributable reserves: +€1.0m
- Other debts +€1.3m
up €1.3m (+9.5%), from €13.8m to €15.1m
- Trade debts +€1.0m
up €1.0m (+108.2%), from €937,570 to €2.0m
- Tax, wage and social debts -€755,614
down €755,614 (-66.9%), from €1.1m to €373,056
of which Taxes: -€759,394
- Gross operating margin -€2.7m
down €2.7m (-50.0%), from €5.4m to €2.7m
- Taxes -€472,433
down €472,433 (-52.0%), from €908,317 to €435,884
- Financial charges -€448,134
down €448,134 (-43.7%), from €1.0m to €578,491
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 | €25,303,881 | €23,581,463 | -€1.7m | -6.8% |
| Fixed assets | 21/28 | €20,353 | €771,513 | +€751,160 | +3690.6% |
| Intangible fixed assets | 21 | €3,879 | €2,166 | -€1,713 | -44.2% |
| Tangible fixed assets | 22/27 | €15,020 | €763,843 | +€748,824 | +4985.6% |
| Land and buildings | 22 | - | €673,877 | +€673,877 | |
| Plant, machinery and equipment | 23 | €738 | €2,022 | +€1,284 | +173.9% |
| Furniture and vehicles | 24 | €14,282 | €87,944 | +€73,663 | +515.8% |
| Financial fixed assets | 28 | €1,455 | €5,504 | +€4,049 | +278.3% |
| Current assets | 29/58 | €25,283,527 | €22,809,950 | -€2.5m | -9.8% |
| Stocks and contracts in progress | 3 | €23,869,053 | €11,435,693 | -€12.4m | -52.1% |
| Stocks | 30/36 | €23,869,053 | €11,435,693 | -€12.4m | -52.1% |
| Amounts receivable within one year | 40/41 | €1,323,675 | €11,000,929 | +€9.7m | +731.1% |
| Trade receivables | 40 | €438,498 | €4,873,227 | +€4.4m | +1011.3% |
| Other amounts receivable | 41 | €885,177 | €6,127,702 | +€5.2m | +592.3% |
| Cash at bank and in hand | 54/58 | €21,912 | €294,427 | +€272,516 | +1243.7% |
| Deferred charges and accrued income | 490/1 | €68,887 | €78,900 | +€10,013 | +14.5% |
| Total equity and liabilities | 10/49 | €25,303,881 | €23,581,463 | -€1.7m | -6.8% |
| Equity | 10/15 | €3,367,509 | €4,694,693 | +€1.3m | +39.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,628,506 | €4,522,460 | +€1.9m | +72.1% |
| Non-distributable reserves | 130/1 | €126 | €126 | = | 0.0% |
| Reserves not available under the articles | 1311 | €126 | €126 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,628,380 | €2,522,335 | +€893,955 | +54.9% |
| Distributable reserves | 133 | €1,000,000 | €2,000,000 | +€1.0m | +100.0% |
| Profit (loss) carried forward | 14 | €720,453 | €153,683 | -€566,771 | -78.7% |
| Provisions and deferred taxes | 16 | €51,806 | €51,806 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €51,806 | €51,806 | = | 0.0% |
| Other liabilities and charges | 164/5 | €51,806 | €51,806 | = | 0.0% |
| Amounts payable | 17/49 | €21,884,566 | €18,834,964 | -€3.0m | -13.9% |
| Amounts payable within one year | 42/48 | €21,347,180 | €18,408,590 | -€2.9m | -13.8% |
| Financial debts | 43 | €5,500,000 | €1,000,000 | -€4.5m | -81.8% |
| Credit institutions | 430/8 | €5,500,000 | €1,000,000 | -€4.5m | -81.8% |
| Trade debts | 44 | €937,570 | €1,951,972 | +€1.0m | +108.2% |
| Suppliers | 440/4 | €937,570 | €1,951,972 | +€1.0m | +108.2% |
| Advances received on contracts in progress | 46 | €17,720 | €13,256 | -€4,464 | -25.2% |
| Taxes, remuneration and social security | 45 | €1,128,670 | €373,056 | -€755,614 | -66.9% |
| Taxes | 450/3 | €1,081,364 | €321,970 | -€759,394 | -70.2% |
| Remuneration and social security | 454/9 | €47,307 | €51,086 | +€3,779 | +8.0% |
| Other amounts payable | 47/48 | €13,763,220 | €15,070,305 | +€1.3m | +9.5% |
| Accrued charges and deferred income | 492/3 | €537,385 | €426,374 | -€111,012 | -20.7% |
| Remuneration, social security and pensions | 62 | €339,530 | €389,172 | +€49,642 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,248 | €40,675 | +€30,427 | +296.9% |
| Other operating charges | 640/8 | €2,615 | €49,817 | +€47,202 | +1804.8% |
| Gross operating margin | 9900 | €5,377,248 | €2,688,745 | -€2.7m | -50.0% |
| Operating profit (loss) | 9901 | €5,024,855 | €2,209,081 | -€2.8m | -56.0% |
| Financial income | 75/76B | €133,496 | €132,477 | -€1,018 | -0.8% |
| Recurring financial income | 75 | €133,496 | €132,477 | -€1,018 | -0.8% |
| Financial charges | 65/66B | €1,026,625 | €578,491 | -€448,134 | -43.7% |
| Recurring financial charges | 65 | €1,026,625 | €578,491 | -€448,134 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €4,131,726 | €1,763,068 | -€2.4m | -57.3% |
| Income taxes | 67/77 | €908,317 | €435,884 | -€472,433 | -52.0% |
| Profit (loss) for the period | 9904 | €3,223,408 | €1,327,184 | -€1.9m | -58.8% |
| Transfer to tax-exempt reserves | 689 | €999,997 | €893,955 | -€106,042 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,223,411 | €433,229 | -€1.8m | -80.5% |
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 12 October 2026 via checked.be.