AD PROFECTUM: 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.
AD PROFECTUM
Largest movements
- Cash -€101,257
down €101,257 (-83.3%), from €121,596 to €20,339
mainly Contributions, distributions and other (-€152,800) and Other debts (-€97,272)
- Receivables within one year -€4,176
down €4,176 (-6.0%), from €69,360 to €65,184
of which Trade receivables: -€9,615
- Other debts -€97,272
down €97,272 (-64.6%), from €150,679 to €53,407
- Tax, wage and social debts -€6,584
down €6,584 (-30.9%), from €21,310 to €14,726
of which Taxes: -€4,092
- Gross operating margin +€8,268
up €8,268 (+4.4%), from €189,705 to €197,973
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 | €193,111 | €87,798 | -€105,313 | -54.5% |
| Fixed assets | 21/28 | €257 | €50 | -€207 | -80.5% |
| Tangible fixed assets | 22/27 | €207 | - | -€207 | |
| Furniture and vehicles | 24 | €207 | - | -€207 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €192,854 | €87,748 | -€105,106 | -54.5% |
| Amounts receivable within one year | 40/41 | €69,360 | €65,184 | -€4,176 | -6.0% |
| Trade receivables | 40 | €69,360 | €59,745 | -€9,615 | -13.9% |
| Other amounts receivable | 41 | - | €5,439 | +€5,439 | |
| Cash at bank and in hand | 54/58 | €121,596 | €20,339 | -€101,257 | -83.3% |
| Deferred charges and accrued income | 490/1 | €1,898 | €2,225 | +€327 | +17.2% |
| Total equity and liabilities | 10/49 | €193,111 | €87,798 | -€105,313 | -54.5% |
| Equity | 10/15 | €19,019 | €18,602 | -€417 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €400 | - | -€400 | |
| Distributable reserves | 133 | €400 | - | -€400 | |
| Profit (loss) carried forward | 14 | €18 | €2 | -€16 | -89.2% |
| Amounts payable | 17/49 | €174,092 | €69,196 | -€104,896 | -60.3% |
| Amounts payable within one year | 42/48 | €174,092 | €69,196 | -€104,896 | -60.3% |
| Trade debts | 44 | €2,104 | €1,063 | -€1,040 | -49.4% |
| Suppliers | 440/4 | €2,104 | €1,063 | -€1,040 | -49.4% |
| Taxes, remuneration and social security | 45 | €21,310 | €14,726 | -€6,584 | -30.9% |
| Taxes | 450/3 | €18,673 | €14,582 | -€4,092 | -21.9% |
| Remuneration and social security | 454/9 | €2,636 | €144 | -€2,492 | -94.5% |
| Other amounts payable | 47/48 | €150,679 | €53,407 | -€97,272 | -64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,512 | €207 | -€1,306 | -86.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €189,705 | €197,973 | +€8,268 | +4.4% |
| Operating profit (loss) | 9901 | €187,805 | €197,366 | +€9,561 | +5.1% |
| Financial income | 75/76B | €1,532 | €244 | -€1,287 | -84.0% |
| Recurring financial income | 75 | €1,532 | €244 | -€1,287 | -84.0% |
| Financial charges | 65/66B | €42 | €643 | +€601 | +1,422% |
| Recurring financial charges | 65 | €42 | €643 | +€601 | +1,422% |
| Profit (loss) for the period before taxes | 9903 | €189,294 | €196,968 | +€7,674 | +4.1% |
| Income taxes | 67/77 | €42,756 | €44,585 | +€1,829 | +4.3% |
| Profit (loss) for the period | 9904 | €146,538 | €152,383 | +€5,845 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €146,538 | €152,383 | +€5,845 | +4.0% |
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 16 October 2026 via checked.be.