PROLOGIS BELGIUM I: what changed
What changed
PROLOGIS BELGIUM I
NACE 68.122, Development of non-residential building projects
filed annual accounts (NBB)
Net result for the year
€506,323
2024 · €389,653+€116,670
Equity
€943,055
2024 · €1.9m-€993,677
Cash
€2.6m
2024 · €1.9m+€707,657
Balance sheet total
€21.2m
2024 · €20.8m+€426,771
Largest movements
Assets
- Cash +€707,657
up €707,657 (+37.1%), from €1.9m to €2.6m
mainly Other debts (+€1.5m) and Depreciation (+€819,969)
- Tangible fixed assets -€392,127
down €392,127 (-2.1%), from €18.5m to €18.1m
of which Land and buildings: -€452,101
Equity and liabilities
- Other debts +€1.5m
up €1.5m, from €0 to €1.5m
- Profit (loss) carried forward -€993,677
down €993,677 (-79.9%), from €1.2m to €249,787
Income statement
- Taxes -€91,813
down €91,813 (-49.2%), from €186,746 to €94,933
- Gross operating margin +€72,077
up €72,077 (+3.9%), from €1.8m to €1.9m
- Depreciation +€27,950
up €27,950 (+3.5%), from €792,018 to €819,969
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€389,653
Gross operating margin
+€72,077
Depreciation
-€27,950
Other operating charges
-€8,957
Financial income
-€1,822
Financial charges
-€8,490
Taxes
+€91,813
Result 2025
€506,323
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.6m
Investment
-€427,842
Financing
-€1.5m
Cash 2024
€1.9m
From operations (derived)
+€2.6m
Net result for the year
+€506,323
Depreciation
+€819,969
Receivables within one year
-€131,582
Deferred charges and accrued income
+€20,342
Trade debts
-€81,099
Other debts
+€1.5m
Accrued charges and deferred income
+€12,306
Investment (derived)
-€427,842
Investment in fixed assets (net)
-€427,842
Financing
-€1.5m
Debts after one year
+€241
Short-term financial debts
-€11,000
Contributions, distributions and other
-€1.5m
Cash 2025
€2.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,801,308 | €21,228,079 | +€426,771 | +2.1% |
| Fixed assets | 21/28 | €18,459,055 | €18,066,928 | -€392,127 | -2.1% |
| Tangible fixed assets | 22/27 | €18,459,055 | €18,066,928 | -€392,127 | -2.1% |
| Land and buildings | 22 | €18,457,035 | €18,004,934 | -€452,101 | -2.4% |
| Plant, machinery and equipment | 23 | €2,020 | €51,516 | +€49,497 | +2,451% |
| Assets under construction and advance payments | 27 | €0 | €10,477 | +€10,477 | |
| Current assets | 29/58 | €2,342,253 | €3,161,151 | +€818,898 | +35.0% |
| Amounts receivable within one year | 40/41 | €292,573 | €424,155 | +€131,582 | +45.0% |
| Trade receivables | 40 | €245,184 | €165,466 | -€79,717 | -32.5% |
| Other amounts receivable | 41 | €47,389 | €258,689 | +€211,299 | +446% |
| Cash at bank and in hand | 54/58 | €1,907,288 | €2,614,946 | +€707,657 | +37.1% |
| Deferred charges and accrued income | 490/1 | €142,392 | €122,050 | -€20,342 | -14.3% |
| Total equity and liabilities | 10/49 | €20,801,308 | €21,228,079 | +€426,771 | +2.1% |
| Equity | 10/15 | €1,936,732 | €943,055 | -€993,677 | -51.3% |
| Contributions | 10/11 | €670,000 | €670,000 | = | 0.0% |
| Reserves | 13 | €23,268 | €23,268 | = | 0.0% |
| Distributable reserves | 133 | €23,268 | €23,268 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,243,464 | €249,787 | -€993,677 | -79.9% |
| Amounts payable | 17/49 | €18,864,576 | €20,285,024 | +€1.4m | +7.5% |
| Amounts payable after more than one year | 17 | €18,083,197 | €18,083,438 | +€241 | 0.0% |
| Financial debts | 170/4 | €18,083,197 | €18,083,438 | +€241 | 0.0% |
| Amounts payable within one year | 42/48 | €181,850 | €1,589,751 | +€1.4m | +774% |
| Financial debts | 43 | €11,000 | €0 | -€11,000 | -100% |
| Credit institutions | 430/8 | €11,000 | €0 | -€11,000 | -100% |
| Trade debts | 44 | €170,850 | €89,751 | -€81,099 | -47.5% |
| Suppliers | 440/4 | €170,850 | €89,751 | -€81,099 | -47.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €1,500,000 | +€1.5m | |
| Accrued charges and deferred income | 492/3 | €599,529 | €611,835 | +€12,306 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €792,018 | €819,969 | +€27,950 | +3.5% |
| Other operating charges | 640/8 | €162,498 | €171,454 | +€8,957 | +5.5% |
| Gross operating margin | 9900 | €1,841,707 | €1,913,783 | +€72,077 | +3.9% |
| Operating profit (loss) | 9901 | €887,191 | €922,361 | +€35,170 | +4.0% |
| Financial income | 75/76B | €71,218 | €69,397 | -€1,822 | -2.6% |
| Recurring financial income | 75 | €71,218 | €69,397 | -€1,822 | -2.6% |
| Financial charges | 65/66B | €382,010 | €390,501 | +€8,490 | +2.2% |
| Recurring financial charges | 65 | €382,010 | €390,501 | +€8,490 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €576,399 | €601,256 | +€24,857 | +4.3% |
| Income taxes | 67/77 | €186,746 | €94,933 | -€91,813 | -49.2% |
| Profit (loss) for the period | 9904 | €389,653 | €506,323 | +€116,670 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €389,653 | €506,323 | +€116,670 | +29.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.