PROWAGO: 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.
PROWAGO
Largest movements
- Receivables within one year +€94,139
up €94,139 (+152%), from €62,000 to €156,138
of which Trade receivables: +€88,133
- Cash -€75,067
down €75,067 (-28.3%), from €264,954 to €189,887
mainly Contributions, distributions and other (-€580,581) and Receivables within one year (-€94,139)
- Reserves -€254,386
down €254,386 (-39.6%), from €643,143 to €388,757
of which Distributable reserves: -€254,386
- Other debts +€246,707
up €246,707 (+149%), from €165,024 to €411,731
- Tax, wage and social debts +€22,823
up €22,823 (+102%), from €22,485 to €45,307
- Gross operating margin +€183,886
up €183,886 (+68.7%), from €267,491 to €451,377
- Taxes +€29,865
up €29,865 (+40.3%), from €74,129 to €103,994
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 | €850,608 | €864,346 | +€13,738 | +1.6% |
| Fixed assets | 21/28 | €73,342 | €67,819 | -€5,523 | -7.5% |
| Tangible fixed assets | 22/27 | €68,842 | €63,319 | -€5,523 | -8.0% |
| Plant, machinery and equipment | 23 | €7,604 | €16,152 | +€8,548 | +112% |
| Furniture and vehicles | 24 | €61,238 | €47,167 | -€14,071 | -23.0% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €777,266 | €796,527 | +€19,261 | +2.5% |
| Amounts receivable after more than one year | 29 | €448,000 | €448,000 | = | 0.0% |
| Other amounts receivable | 291 | €448,000 | €448,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €62,000 | €156,138 | +€94,139 | +152% |
| Trade receivables | 40 | €62,000 | €150,132 | +€88,133 | +142% |
| Other amounts receivable | 41 | - | €6,006 | +€6,006 | |
| Cash at bank and in hand | 54/58 | €264,954 | €189,887 | -€75,067 | -28.3% |
| Deferred charges and accrued income | 490/1 | €2,312 | €2,501 | +€189 | +8.2% |
| Total equity and liabilities | 10/49 | €850,608 | €864,346 | +€13,738 | +1.6% |
| Equity | 10/15 | €661,693 | €407,307 | -€254,386 | -38.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €643,143 | €388,757 | -€254,386 | -39.6% |
| Tax-exempt reserves | 132 | €42,205 | €42,205 | = | 0.0% |
| Distributable reserves | 133 | €600,938 | €346,552 | -€254,386 | -42.3% |
| Amounts payable | 17/49 | €188,914 | €457,039 | +€268,124 | +142% |
| Amounts payable within one year | 42/48 | €188,914 | €457,039 | +€268,124 | +142% |
| Trade debts | 44 | €1,406 | - | -€1,406 | |
| Suppliers | 440/4 | €1,406 | - | -€1,406 | |
| Taxes, remuneration and social security | 45 | €22,485 | €45,307 | +€22,823 | +102% |
| Taxes | 450/3 | €22,485 | €45,307 | +€22,823 | +102% |
| Other amounts payable | 47/48 | €165,024 | €411,731 | +€246,707 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,537 | €26,056 | +€519 | +2.0% |
| Other operating charges | 640/8 | €1,134 | €1,718 | +€584 | +51.5% |
| Non-recurring operating charges | 66A | €32 | - | -€32 | |
| Gross operating margin | 9900 | €267,491 | €451,377 | +€183,886 | +68.7% |
| Operating profit (loss) | 9901 | €240,788 | €423,603 | +€182,815 | +75.9% |
| Financial income | 75/76B | €6,324 | €7,259 | +€935 | +14.8% |
| Recurring financial income | 75 | €6,324 | €7,259 | +€935 | +14.8% |
| Financial charges | 65/66B | €483 | €673 | +€190 | +39.2% |
| Recurring financial charges | 65 | €483 | €673 | +€190 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €246,629 | €430,190 | +€183,560 | +74.4% |
| Income taxes | 67/77 | €74,129 | €103,994 | +€29,865 | +40.3% |
| Profit (loss) for the period | 9904 | €172,500 | €326,196 | +€153,696 | +89.1% |
| Transfer from tax-exempt reserves | 789 | €35,600 | - | -€35,600 | |
| Transfer to tax-exempt reserves | 689 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €166,000 | €326,196 | +€160,196 | +96.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.