Prologis Belgium Essentials: 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.
Prologis Belgium Essentials
Largest movements
- Receivables within one year -€2.5m
down €2.5m (-95.1%), from €2.6m to €127,782
of which Trade receivables: -€2.4m
- Cash +€228,867
up €228,867 (+22,887%), from €1,000 to €229,867
mainly Receivables within one year (+€2.5m) and Net result for the year (+€145,027)
- Receivables after one year +€204,380
up €204,380, from €0 to €204,380
- Tangible fixed assets -€50,590
down €50,590 (-23.4%), from €215,953 to €165,363
- Debts after one year -€2.0m
down €2.0m (-100.0%), from €2.0m to €510
- Trade debts -€292,899
down €292,899 (-95.1%), from €307,890 to €14,992
- Profit (loss) carried forward +€145,027
up €145,027 (+37.4%), from €387,829 to €532,856
- Tax, wage and social debts +€34,677
up €34,677 (+33.4%), from €103,678 to €138,355
- Gross operating margin -€284,330
down €284,330 (-46.0%), from €617,487 to €333,157
- Financial charges -€32,055
down €32,055 (-37.7%), from €85,010 to €52,955
- Taxes -€23,587
down €23,587 (-22.0%), from €107,373 to €83,786
- Depreciation +€15,773
up €15,773 (+45.3%), from €34,817 to €50,590
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 | €2,838,318 | €727,393 | -€2.1m | -74.4% |
| Fixed assets | 21/28 | €215,953 | €165,363 | -€50,590 | -23.4% |
| Tangible fixed assets | 22/27 | €215,953 | €165,363 | -€50,590 | -23.4% |
| Plant, machinery and equipment | 23 | €215,953 | €165,363 | -€50,590 | -23.4% |
| Current assets | 29/58 | €2,622,365 | €562,030 | -€2.1m | -78.6% |
| Amounts receivable after more than one year | 29 | €0 | €204,380 | +€204,380 | |
| Other amounts receivable | 291 | €0 | €204,380 | +€204,380 | |
| Amounts receivable within one year | 40/41 | €2,621,365 | €127,782 | -€2.5m | -95.1% |
| Trade receivables | 40 | €2,504,922 | €69,947 | -€2.4m | -97.2% |
| Other amounts receivable | 41 | €116,443 | €57,835 | -€58,608 | -50.3% |
| Cash at bank and in hand | 54/58 | €1,000 | €229,867 | +€228,867 | +22,887% |
| Total equity and liabilities | 10/49 | €2,838,318 | €727,393 | -€2.1m | -74.4% |
| Equity | 10/15 | €397,829 | €542,856 | +€145,027 | +36.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €387,829 | €532,856 | +€145,027 | +37.4% |
| Amounts payable | 17/49 | €2,440,489 | €184,537 | -€2.3m | -92.4% |
| Amounts payable after more than one year | 17 | €1,990,975 | €510 | -€2.0m | -100.0% |
| Financial debts | 170/4 | €1,990,975 | €510 | -€2.0m | -100.0% |
| Amounts payable within one year | 42/48 | €426,739 | €153,347 | -€273,392 | -64.1% |
| Financial debts | 43 | €15,170 | €0 | -€15,170 | -100% |
| Credit institutions | 430/8 | €15,170 | €0 | -€15,170 | -100% |
| Trade debts | 44 | €307,890 | €14,992 | -€292,899 | -95.1% |
| Suppliers | 440/4 | €307,890 | €14,992 | -€292,899 | -95.1% |
| Taxes, remuneration and social security | 45 | €103,678 | €138,355 | +€34,677 | +33.4% |
| Taxes | 450/3 | €103,678 | €138,355 | +€34,677 | +33.4% |
| Accrued charges and deferred income | 492/3 | €22,775 | €30,680 | +€7,905 | +34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,817 | €50,590 | +€15,773 | +45.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €477 | -€455 | -€933 | |
| Other operating charges | 640/8 | €1,432 | €1,254 | -€178 | -12.4% |
| Gross operating margin | 9900 | €617,487 | €333,157 | -€284,330 | -46.0% |
| Operating profit (loss) | 9901 | €580,761 | €281,768 | -€298,993 | -51.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €85,010 | €52,955 | -€32,055 | -37.7% |
| Recurring financial charges | 65 | €85,010 | €52,955 | -€32,055 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €495,751 | €228,813 | -€266,938 | -53.8% |
| Income taxes | 67/77 | €107,373 | €83,786 | -€23,587 | -22.0% |
| Profit (loss) for the period | 9904 | €388,378 | €145,027 | -€243,351 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €388,378 | €145,027 | -€243,351 | -62.7% |
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 20 October 2026 via checked.be.