Prologis Belgium Management: 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 Management
Largest movements
- Cash +€964,536
up €964,536 (+60.0%), from €1.6m to €2.6m
mainly Debts after one year (+€1.1m) and Receivables within one year (+€437,088)
- Receivables within one year -€437,088
down €437,088 (-42.1%), from €1.0m to €600,160
of which Other amounts receivable: -€569,312
- Tangible fixed assets -€48,338
down €48,338 (-10.8%), from €446,306 to €397,968
of which Other tangible fixed assets: -€38,987
- Debts after one year +€1.1m
up €1.1m, from €0 to €1.1m
- Trade debts -€357,825
down €357,825 (-23.9%), from €1.5m to €1.1m
- Current portion of long-term debt -€152,743
down €152,743 (-100%), from €152,743 to €0
- Accrued charges and deferred income -€80,415
down €80,415 (-81.6%), from €98,500 to €18,085
- Write-downs -€145,373
down €145,373, from €75,000 to -€70,373
- Staff costs -€98,592
down €98,592 (-12.5%), from €788,658 to €690,066
- Gross operating margin +€96,968
up €96,968 (+16.3%), from €593,969 to €690,937
- Taxes -€30,947
down €30,947 (-68.4%), from €45,232 to €14,285
- Financial income -€24,385
down €24,385 (-32.6%), from €74,729 to €50,344
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 | €3,111,785 | €3,591,579 | +€479,793 | +15.4% |
| Fixed assets | 21/28 | €446,306 | €397,968 | -€48,338 | -10.8% |
| Tangible fixed assets | 22/27 | €446,306 | €397,968 | -€48,338 | -10.8% |
| Land and buildings | 22 | €16,851 | €7,500 | -€9,351 | -55.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €429,455 | €390,468 | -€38,987 | -9.1% |
| Current assets | 29/58 | €2,665,479 | €3,193,610 | +€528,131 | +19.8% |
| Amounts receivable within one year | 40/41 | €1,037,248 | €600,160 | -€437,088 | -42.1% |
| Trade receivables | 40 | €377,875 | €510,100 | +€132,225 | +35.0% |
| Other amounts receivable | 41 | €659,373 | €90,060 | -€569,312 | -86.3% |
| Cash at bank and in hand | 54/58 | €1,606,590 | €2,571,126 | +€964,536 | +60.0% |
| Deferred charges and accrued income | 490/1 | €21,641 | €22,324 | +€683 | +3.2% |
| Total equity and liabilities | 10/49 | €3,111,785 | €3,591,579 | +€479,793 | +15.4% |
| Equity | 10/15 | €1,134,730 | €1,122,864 | -€11,866 | -1.0% |
| Contributions | 10/11 | €1,070,000 | €1,070,000 | = | 0.0% |
| Reserves | 13 | €51,171 | €51,171 | = | 0.0% |
| Distributable reserves | 133 | €51,171 | €51,171 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,558 | €1,693 | -€11,866 | -87.5% |
| Amounts payable | 17/49 | €1,977,056 | €2,468,715 | +€491,659 | +24.9% |
| Amounts payable after more than one year | 17 | €0 | €1,135,444 | +€1.1m | |
| Financial debts | 170/4 | €0 | €1,135,444 | +€1.1m | |
| Amounts payable within one year | 42/48 | €1,878,556 | €1,315,185 | -€563,370 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €152,743 | €0 | -€152,743 | -100% |
| Financial debts | 43 | €20,520 | €0 | -€20,520 | -100% |
| Credit institutions | 430/8 | €20,520 | €0 | -€20,520 | -100% |
| Trade debts | 44 | €1,494,795 | €1,136,970 | -€357,825 | -23.9% |
| Suppliers | 440/4 | €1,494,795 | €1,136,970 | -€357,825 | -23.9% |
| Taxes, remuneration and social security | 45 | €210,499 | €178,216 | -€32,283 | -15.3% |
| Taxes | 450/3 | €53,577 | €89,405 | +€35,828 | +66.9% |
| Remuneration and social security | 454/9 | €156,922 | €88,810 | -€68,112 | -43.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €98,500 | €18,085 | -€80,415 | -81.6% |
| Non-recurring operating income | 76A | - | €21,853 | +€21,853 | |
| Remuneration, social security and pensions | 62 | €788,658 | €690,066 | -€98,592 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,315 | €60,446 | +€17,131 | +39.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €75,000 | -€70,373 | -€145,373 | |
| Other operating charges | 640/8 | €1,744 | €16,485 | +€14,741 | +845% |
| Non-recurring operating charges | 66A | - | €20,844 | +€20,844 | |
| Gross operating margin | 9900 | €593,969 | €690,937 | +€96,968 | +16.3% |
| Operating profit (loss) | 9901 | -€314,748 | -€26,530 | +€288,218 | +91.6% |
| Financial income | 75/76B | €74,729 | €50,344 | -€24,385 | -32.6% |
| Recurring financial income | 75 | €74,729 | €50,344 | -€24,385 | -32.6% |
| Financial charges | 65/66B | €21,537 | €21,395 | -€142 | -0.7% |
| Recurring financial charges | 65 | €21,537 | €21,395 | -€142 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€261,556 | €2,419 | +€263,975 | |
| Income taxes | 67/77 | €45,232 | €14,285 | -€30,947 | -68.4% |
| Profit (loss) for the period | 9904 | -€306,788 | -€11,866 | +€294,922 | +96.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€306,788 | -€11,866 | +€294,922 | +96.1% |
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 29 October 2026 via checked.be.