PROF PROJECTS: 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.
PROF PROJECTS
Largest movements
- Deferred charges and accrued income +€2.9m
up €2.9m (+628%), from €462,557 to €3.4m
- Receivables within one year +€2.5m
up €2.5m (+562%), from €442,399 to €2.9m
of which Other amounts receivable: +€2.5m
- Stocks and contracts +€780,276
up €780,276 (+56.8%), from €1.4m to €2.2m
- Cash +€252,639
up €252,639 (+176%), from €143,228 to €395,867
mainly Accrued charges and deferred income (+€3.1m) and Short-term financial debts (+€1.9m)
- Accrued charges and deferred income +€3.1m
up €3.1m (+778%), from €401,865 to €3.5m
- Short-term financial debts +€1.9m
new in 2025: €1.9m
- Trade debts +€694,077
up €694,077 (+577%), from €120,382 to €814,459
- Advances received +€269,461
new in 2025: €269,461
- Other debts +€201,588
up €201,588 (+21.8%), from €925,166 to €1.1m
- Gross operating margin -€67,704
down €67,704 (-20.1%), from €337,605 to €269,901
- Taxes -€12,279
down €12,279 (-16.2%), from €75,951 to €63,672
- Financial charges -€7,977
down €7,977 (-20.8%), from €38,341 to €30,364
- Financial income +€7,636
up €7,636 (+56.6%), from €13,491 to €21,127
- Other operating charges -€6,807
down €6,807 (-68.3%), from €9,962 to €3,154
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 | €2,426,377 | €8,857,541 | +€6.4m | +265% |
| Fixed assets | 21/28 | €5,423 | €9,889 | +€4,466 | +82.3% |
| Tangible fixed assets | 22/27 | €5,423 | €9,889 | +€4,466 | +82.3% |
| Land and buildings | 22 | €5,423 | €6,683 | +€1,260 | +23.2% |
| Furniture and vehicles | 24 | - | €3,205 | +€3,205 | |
| Current assets | 29/58 | €2,420,954 | €8,847,652 | +€6.4m | +265% |
| Stocks and contracts in progress | 3 | €1,372,770 | €2,153,047 | +€780,276 | +56.8% |
| Stocks | 30/36 | €1,372,770 | €2,153,047 | +€780,276 | +56.8% |
| Amounts receivable within one year | 40/41 | €442,399 | €2,929,711 | +€2.5m | +562% |
| Trade receivables | 40 | €66,828 | €11,935 | -€54,893 | -82.1% |
| Other amounts receivable | 41 | €375,571 | €2,917,776 | +€2.5m | +677% |
| Cash at bank and in hand | 54/58 | €143,228 | €395,867 | +€252,639 | +176% |
| Deferred charges and accrued income | 490/1 | €462,557 | €3,369,027 | +€2.9m | +628% |
| Total equity and liabilities | 10/49 | €2,426,377 | €8,857,541 | +€6.4m | +265% |
| Equity | 10/15 | €903,902 | €1,092,632 | +€188,730 | +20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €885,302 | €1,074,032 | +€188,730 | +21.3% |
| Distributable reserves | 133 | €885,302 | €1,074,032 | +€188,730 | +21.3% |
| Amounts payable | 17/49 | €1,522,476 | €7,764,909 | +€6.2m | +410% |
| Amounts payable within one year | 42/48 | €1,120,611 | €4,235,924 | +€3.1m | +278% |
| Financial debts | 43 | - | €1,907,706 | +€1.9m | |
| Credit institutions | 430/8 | - | €1,907,706 | +€1.9m | |
| Trade debts | 44 | €120,382 | €814,459 | +€694,077 | +577% |
| Suppliers | 440/4 | €120,382 | €814,459 | +€694,077 | +577% |
| Advances received on contracts in progress | 46 | - | €269,461 | +€269,461 | |
| Taxes, remuneration and social security | 45 | €75,063 | €117,544 | +€42,481 | +56.6% |
| Taxes | 450/3 | €75,063 | €117,544 | +€42,481 | +56.6% |
| Other amounts payable | 47/48 | €925,166 | €1,126,753 | +€201,588 | +21.8% |
| Accrued charges and deferred income | 492/3 | €401,865 | €3,528,985 | +€3.1m | +778% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,431 | €5,107 | +€1,677 | +48.9% |
| Other operating charges | 640/8 | €9,962 | €3,154 | -€6,807 | -68.3% |
| Gross operating margin | 9900 | €337,605 | €269,901 | -€67,704 | -20.1% |
| Operating profit (loss) | 9901 | €324,213 | €261,639 | -€62,574 | -19.3% |
| Financial income | 75/76B | €13,491 | €21,127 | +€7,636 | +56.6% |
| Recurring financial income | 75 | €13,491 | €21,127 | +€7,636 | +56.6% |
| Financial charges | 65/66B | €38,341 | €30,364 | -€7,977 | -20.8% |
| Recurring financial charges | 65 | €38,341 | €30,364 | -€7,977 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €299,363 | €252,402 | -€46,962 | -15.7% |
| Income taxes | 67/77 | €75,951 | €63,672 | -€12,279 | -16.2% |
| Profit (loss) for the period | 9904 | €223,412 | €188,730 | -€34,682 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €223,412 | €188,730 | -€34,682 | -15.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.