PRODEX: what changed
PRODEX
Largest movements
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Cash +€180,120
up €180,120 (+369%), from €48,824 to €228,945
mainly Current investments (+€500,000) and Other debts (+€100,560)
- Receivables within one year +€108,762
up €108,762 (+1,053%), from €10,330 to €119,092
of which Other amounts receivable: +€107,857
- Tangible fixed assets +€103,771
up €103,771 (+7.1%), from €1.5m to €1.6m
of which Land and buildings: +€119,141
- Financial fixed assets -€40,000
down €40,000 (-38.2%), from €104,789 to €64,789
- Profit (loss) carried forward -€229,755
down €229,755 (-15.3%), from €1.5m to €1.3m
- Other debts +€100,560
up €100,560 (+156%), from €64,440 to €165,000
- Gross operating margin -€108,900
down €108,900, from €79,019 to -€29,881
- Depreciation +€18,647
up €18,647 (+24.6%), from €75,861 to €94,508
- Financial income -€1,106
down €1,106 (-4.6%), from €24,113 to €23,008
- Other operating charges +€939
up €939 (+17.7%), from €5,292 to €6,231
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,121,748 | €1,974,401 | -€147,347 | -6.9% |
| Fixed assets | 21/28 | €1,562,594 | €1,626,364 | +€63,771 | +4.1% |
| Tangible fixed assets | 22/27 | €1,457,804 | €1,561,575 | +€103,771 | +7.1% |
| Land and buildings | 22 | €1,391,847 | €1,510,988 | +€119,141 | +8.6% |
| Plant, machinery and equipment | 23 | €12,796 | €9,878 | -€2,918 | -22.8% |
| Furniture and vehicles | 24 | €53,161 | €40,709 | -€12,452 | -23.4% |
| Financial fixed assets | 28 | €104,789 | €64,789 | -€40,000 | -38.2% |
| Current assets | 29/58 | €559,155 | €348,037 | -€211,118 | -37.8% |
| Amounts receivable within one year | 40/41 | €10,330 | €119,092 | +€108,762 | +1,053% |
| Trade receivables | 40 | €3,293 | €4,198 | +€905 | +27.5% |
| Other amounts receivable | 41 | €7,037 | €114,894 | +€107,857 | +1,533% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €48,824 | €228,945 | +€180,120 | +369% |
| Total equity and liabilities | 10/49 | €2,121,748 | €1,974,401 | -€147,347 | -6.9% |
| Equity | 10/15 | €1,994,246 | €1,768,396 | -€225,850 | -11.3% |
| Contributions | 10/11 | €379,277 | €379,277 | = | 0.0% |
| Capital | 10 | €379,277 | €379,277 | = | 0.0% |
| Issued capital | 100 | €379,277 | €379,277 | = | 0.0% |
| Reserves | 13 | €116,944 | €120,850 | +€3,905 | +3.3% |
| Non-distributable reserves | 130/1 | €38,750 | €38,750 | = | 0.0% |
| Legal reserve | 130 | €37,928 | €37,928 | = | 0.0% |
| Reserves not available under the articles | 1311 | €822 | €822 | = | 0.0% |
| Tax-exempt reserves | 132 | €78,195 | €82,100 | +€3,905 | +5.0% |
| Profit (loss) carried forward | 14 | €1,498,024 | €1,268,269 | -€229,755 | -15.3% |
| Amounts payable | 17/49 | €127,503 | €206,005 | +€78,503 | +61.6% |
| Amounts payable after more than one year | 17 | €40,463 | €22,264 | -€18,199 | -45.0% |
| Financial debts | 170/4 | €40,463 | €22,264 | -€18,199 | -45.0% |
| Amounts payable within one year | 42/48 | €87,040 | €183,741 | +€96,701 | +111% |
| Current portion of amounts payable after more than one year | 42 | €17,682 | €18,199 | +€516 | +2.9% |
| Trade debts | 44 | €4,918 | €542 | -€4,375 | -89.0% |
| Suppliers | 440/4 | €4,918 | €542 | -€4,375 | -89.0% |
| Other amounts payable | 47/48 | €64,440 | €165,000 | +€100,560 | +156% |
| Non-recurring operating income | 76A | €3,177 | - | -€3,177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,861 | €94,508 | +€18,647 | +24.6% |
| Other operating charges | 640/8 | €5,292 | €6,231 | +€939 | +17.7% |
| Gross operating margin | 9900 | €79,019 | -€29,881 | -€108,900 | |
| Operating profit (loss) | 9901 | -€2,134 | -€130,620 | -€128,485 | -6,020% |
| Financial income | 75/76B | €24,113 | €23,008 | -€1,106 | -4.6% |
| Recurring financial income | 75 | €24,113 | €23,008 | -€1,106 | -4.6% |
| Financial charges | 65/66B | €1,981 | €1,978 | -€3 | -0.2% |
| Recurring financial charges | 65 | €1,981 | €1,978 | -€3 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €19,998 | -€109,590 | -€129,588 | |
| Income taxes | 67/77 | €197 | €165 | -€32 | -16.2% |
| Profit (loss) for the period | 9904 | €19,801 | -€109,755 | -€129,556 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,801 | -€109,755 | -€129,556 |
Next steps
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 3 November 2026 via checked.be.