PROFACE: 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.
PROFACE
Largest movements
- Tangible fixed assets +€45,229
up €45,229 (+3.8%), from €1.2m to €1.2m
of which Land and buildings: +€66,857
- Debts after one year +€181,595
up €181,595 (+45.1%), from €402,283 to €583,879
- Current portion of long-term debt -€154,488
down €154,488 (-69.3%), from €222,893 to €68,405
- Other debts +€41,932
up €41,932 (+8.5%), from €494,620 to €536,552
- Profit (loss) carried forward -€22,498
down €22,498, from €16,124 to -€6,374
- Financial charges +€5,946
up €5,946 (+20.3%), from €29,272 to €35,218
- Depreciation +€5,318
up €5,318 (+11.2%), from €47,656 to €52,974
- Gross operating margin +€5,266
up €5,266 (+8.4%), from €62,587 to €67,854
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 | €1,190,330 | €1,240,740 | +€50,410 | +4.2% |
| Fixed assets | 21/28 | €1,179,504 | €1,224,733 | +€45,229 | +3.8% |
| Tangible fixed assets | 22/27 | €1,179,504 | €1,224,733 | +€45,229 | +3.8% |
| Land and buildings | 22 | €610,140 | €676,998 | +€66,857 | +11.0% |
| Plant, machinery and equipment | 23 | €566,088 | €545,448 | -€20,639 | -3.6% |
| Furniture and vehicles | 24 | €3,276 | €2,287 | -€989 | -30.2% |
| Current assets | 29/58 | €10,826 | €16,008 | +€5,182 | +47.9% |
| Amounts receivable within one year | 40/41 | €7,930 | €10,570 | +€2,640 | +33.3% |
| Other amounts receivable | 41 | €7,930 | €10,570 | +€2,640 | +33.3% |
| Cash at bank and in hand | 54/58 | €1,288 | €3,626 | +€2,338 | +182% |
| Deferred charges and accrued income | 490/1 | €1,608 | €1,812 | +€204 | +12.7% |
| Total equity and liabilities | 10/49 | €1,190,330 | €1,240,740 | +€50,410 | +4.2% |
| Equity | 10/15 | €66,124 | €43,626 | -€22,498 | -34.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,124 | -€6,374 | -€22,498 | |
| Amounts payable | 17/49 | €1,124,206 | €1,197,115 | +€72,909 | +6.5% |
| Amounts payable after more than one year | 17 | €402,283 | €583,879 | +€181,595 | +45.1% |
| Financial debts | 170/4 | €402,283 | €583,879 | +€181,595 | +45.1% |
| Amounts payable within one year | 42/48 | €721,923 | €609,736 | -€112,187 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €222,893 | €68,405 | -€154,488 | -69.3% |
| Trade debts | 44 | €4,410 | €4,779 | +€369 | +8.4% |
| Suppliers | 440/4 | €4,410 | €4,779 | +€369 | +8.4% |
| Other amounts payable | 47/48 | €494,620 | €536,552 | +€41,932 | +8.5% |
| Accrued charges and deferred income | 492/3 | - | €3,500 | +€3,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,656 | €52,974 | +€5,318 | +11.2% |
| Other operating charges | 640/8 | €1,989 | €2,160 | +€171 | +8.6% |
| Gross operating margin | 9900 | €62,587 | €67,854 | +€5,266 | +8.4% |
| Operating profit (loss) | 9901 | €12,942 | €12,720 | -€223 | -1.7% |
| Financial income | 75/76B | €369 | - | -€369 | |
| Recurring financial income | 75 | €369 | - | -€369 | |
| Financial charges | 65/66B | €29,272 | €35,218 | +€5,946 | +20.3% |
| Recurring financial charges | 65 | €29,272 | €35,218 | +€5,946 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,961 | -€22,498 | -€6,537 | -41.0% |
| Profit (loss) for the period | 9904 | -€15,961 | -€22,498 | -€6,537 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,961 | -€22,498 | -€6,537 | -41.0% |
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 27 October 2026 via checked.be.