PROWELD: 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.
PROWELD
Largest movements
- Receivables within one year +€29,292
up €29,292 (+264.1%), from €11,092 to €40,384
of which Trade receivables: +€27,077
- Cash +€14,378
up €14,378 (+148.8%), from €9,666 to €24,044
mainly Trade debts (+€30,623) and Net result for the year (+€10,621)
- Trade debts +€30,623
up €30,623 (+5966.5%), from €513 to €31,136
- Reserves +€10,621
up €10,621 (+65.5%), from €16,213 to €26,834
- Tax, wage and social debts +€8,729
up €8,729 (+81.8%), from €10,670 to €19,399
of which Taxes: +€6,403
- Debts after one year -€3,671
down €3,671 (-36.8%), from €9,973 to €6,301
- Current portion of long-term debt -€2,326
down €2,326 (-82.7%), from €2,813 to €487
- Gross operating margin +€8,014
up €8,014 (+41.2%), from €19,448 to €27,462
- Depreciation +€3,590
up €3,590 (+153.8%), from €2,333 to €5,923
- Taxes +€1,786
up €1,786 (+38.5%), from €4,634 to €6,419
- Other operating charges +€833
up €833 (+442.7%), from €188 to €1,021
- Financial charges +€700
up €700 (+97.0%), from €722 to €1,422
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 | €45,183 | €89,158 | +€43,975 | +97.3% |
| Fixed assets | 21/28 | €23,576 | €24,079 | +€504 | +2.1% |
| Tangible fixed assets | 22/27 | €23,576 | €24,079 | +€504 | +2.1% |
| Plant, machinery and equipment | 23 | €6,956 | €11,090 | +€4,134 | +59.4% |
| Furniture and vehicles | 24 | €16,620 | €12,990 | -€3,630 | -21.8% |
| Current assets | 29/58 | €21,607 | €65,079 | +€43,472 | +201.2% |
| Amounts receivable within one year | 40/41 | €11,092 | €40,384 | +€29,292 | +264.1% |
| Trade receivables | 40 | €11,092 | €38,169 | +€27,077 | +244.1% |
| Other amounts receivable | 41 | - | €2,215 | +€2,215 | |
| Cash at bank and in hand | 54/58 | €9,666 | €24,044 | +€14,378 | +148.8% |
| Deferred charges and accrued income | 490/1 | €849 | €650 | -€199 | -23.4% |
| Total equity and liabilities | 10/49 | €45,183 | €89,158 | +€43,975 | +97.3% |
| Equity | 10/15 | €21,213 | €31,834 | +€10,621 | +50.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,213 | €26,834 | +€10,621 | +65.5% |
| Distributable reserves | 133 | €16,213 | €26,834 | +€10,621 | +65.5% |
| Amounts payable | 17/49 | €23,970 | €57,324 | +€33,354 | +139.2% |
| Amounts payable after more than one year | 17 | €9,973 | €6,301 | -€3,671 | -36.8% |
| Financial debts | 170/4 | €9,973 | €6,301 | -€3,671 | -36.8% |
| Amounts payable within one year | 42/48 | €13,997 | €51,023 | +€37,026 | +264.5% |
| Current portion of amounts payable after more than one year | 42 | €2,813 | €487 | -€2,326 | -82.7% |
| Trade debts | 44 | €513 | €31,136 | +€30,623 | +5966.5% |
| Suppliers | 440/4 | €513 | €31,136 | +€30,623 | +5966.5% |
| Taxes, remuneration and social security | 45 | €10,670 | €19,399 | +€8,729 | +81.8% |
| Taxes | 450/3 | €10,670 | €17,073 | +€6,403 | +60.0% |
| Remuneration and social security | 454/9 | - | €2,326 | +€2,326 | |
| Non-recurring operating income | 76A | €29 | - | -€29 | |
| Remuneration, social security and pensions | 62 | €1,748 | €2,116 | +€368 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,333 | €5,923 | +€3,590 | +153.8% |
| Other operating charges | 640/8 | €188 | €1,021 | +€833 | +442.7% |
| Gross operating margin | 9900 | €19,448 | €27,462 | +€8,014 | +41.2% |
| Operating profit (loss) | 9901 | €15,179 | €18,402 | +€3,224 | +21.2% |
| Financial income | 75/76B | - | €60 | +€60 | |
| Recurring financial income | 75 | - | €60 | +€60 | |
| Financial charges | 65/66B | €722 | €1,422 | +€700 | +97.0% |
| Recurring financial charges | 65 | €722 | €1,422 | +€700 | +97.0% |
| Profit (loss) for the period before taxes | 9903 | €14,457 | €17,040 | +€2,584 | +17.9% |
| Income taxes | 67/77 | €4,634 | €6,419 | +€1,786 | +38.5% |
| Profit (loss) for the period | 9904 | €9,823 | €10,621 | +€798 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,823 | €10,621 | +€798 | +8.1% |
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 9 October 2026 via checked.be.