PROWATT: 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.
PROWATT
Largest movements
- Cash -€51,588
down €51,588 (-9.6%), from €537,903 to €486,315
mainly Tax, wage and social debts (-€93,922) and Debts after one year (-€23,171)
- Tangible fixed assets -€40,352
down €40,352 (-54.4%), from €74,144 to €33,792
of which Furniture and vehicles: -€30,816
- Tax, wage and social debts -€93,922
down €93,922 (-88.1%), from €106,637 to €12,715
of which Taxes: -€93,725
- Trade debts +€24,855
up €24,855 (+126.7%), from €19,622 to €44,477
- Debts after one year -€23,171
down €23,171 (-51.8%), from €44,706 to €21,535
- Current portion of long-term debt -€7,599
down €7,599 (-51.0%), from €14,905 to €7,306
- Gross operating margin -€16,011
down €16,011 (-10.4%), from €153,629 to €137,617
- Depreciation -€13,582
down €13,582 (-39.0%), from €34,862 to €21,280
- Staff costs +€11,153
up €11,153 (+12.0%), from €93,119 to €104,272
- Financial income +€6,713
up €6,713 (+32792.7%), from €20 to €6,733
- Taxes -€3,104
down €3,104 (-59.0%), from €5,265 to €2,161
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 | €720,392 | €624,350 | -€96,041 | -13.3% |
| Fixed assets | 21/28 | €75,644 | €35,292 | -€40,352 | -53.3% |
| Tangible fixed assets | 22/27 | €74,144 | €33,792 | -€40,352 | -54.4% |
| Plant, machinery and equipment | 23 | €13,645 | €5,278 | -€8,367 | -61.3% |
| Furniture and vehicles | 24 | €58,737 | €27,922 | -€30,816 | -52.5% |
| Other tangible fixed assets | 26 | €1,762 | €592 | -€1,170 | -66.4% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €644,748 | €589,058 | -€55,690 | -8.6% |
| Stocks and contracts in progress | 3 | €29,820 | €31,000 | +€1,180 | +4.0% |
| Stocks | 30/36 | €29,820 | €31,000 | +€1,180 | +4.0% |
| Amounts receivable within one year | 40/41 | €65,038 | €64,812 | -€226 | -0.3% |
| Trade receivables | 40 | €50,987 | €50,657 | -€330 | -0.6% |
| Other amounts receivable | 41 | €14,051 | €14,155 | +€104 | +0.7% |
| Cash at bank and in hand | 54/58 | €537,903 | €486,315 | -€51,588 | -9.6% |
| Deferred charges and accrued income | 490/1 | €11,986 | €6,931 | -€5,056 | -42.2% |
| Total equity and liabilities | 10/49 | €720,392 | €624,350 | -€96,041 | -13.3% |
| Equity | 10/15 | €525,048 | €531,140 | +€6,092 | +1.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €523,548 | €529,640 | +€6,092 | +1.2% |
| Amounts payable | 17/49 | €195,343 | €93,210 | -€102,133 | -52.3% |
| Amounts payable after more than one year | 17 | €44,706 | €21,535 | -€23,171 | -51.8% |
| Financial debts | 170/4 | €44,706 | €21,535 | -€23,171 | -51.8% |
| Amounts payable within one year | 42/48 | €150,628 | €71,675 | -€78,953 | -52.4% |
| Current portion of amounts payable after more than one year | 42 | €14,905 | €7,306 | -€7,599 | -51.0% |
| Trade debts | 44 | €19,622 | €44,477 | +€24,855 | +126.7% |
| Suppliers | 440/4 | €19,622 | €44,477 | +€24,855 | +126.7% |
| Advances received on contracts in progress | 46 | €8,774 | €7,010 | -€1,765 | -20.1% |
| Taxes, remuneration and social security | 45 | €106,637 | €12,715 | -€93,922 | -88.1% |
| Taxes | 450/3 | €101,542 | €7,817 | -€93,725 | -92.3% |
| Remuneration and social security | 454/9 | €5,095 | €4,898 | -€197 | -3.9% |
| Other amounts payable | 47/48 | €690 | €168 | -€522 | -75.7% |
| Accrued charges and deferred income | 492/3 | €9 | €0 | -€9 | -100.0% |
| Remuneration, social security and pensions | 62 | €93,119 | €104,272 | +€11,153 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,862 | €21,280 | -€13,582 | -39.0% |
| Other operating charges | 640/8 | €793 | €1,427 | +€634 | +79.9% |
| Non-recurring operating charges | 66A | €826 | €7,339 | +€6,513 | +788.8% |
| Gross operating margin | 9900 | €153,629 | €137,617 | -€16,011 | -10.4% |
| Operating profit (loss) | 9901 | €24,029 | €3,300 | -€20,730 | -86.3% |
| Financial income | 75/76B | €20 | €6,733 | +€6,713 | +32792.7% |
| Recurring financial income | 75 | €20 | €6,733 | +€6,713 | +32792.7% |
| Financial charges | 65/66B | €2,379 | €1,780 | -€599 | -25.2% |
| Recurring financial charges | 65 | €2,379 | €1,780 | -€599 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €21,671 | €8,253 | -€13,418 | -61.9% |
| Income taxes | 67/77 | €5,265 | €2,161 | -€3,104 | -59.0% |
| Profit (loss) for the period | 9904 | €16,406 | €6,092 | -€10,314 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,406 | €6,092 | -€10,314 | -62.9% |
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 9 October 2026 via checked.be.