PROFACTS: what changed
Two fiscal 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.
PROFACTS
Largest movements
- Receivables within one year +€2.0m
up €2.0m (+126.5%), from €1.6m to €3.7m
of which Trade receivables: +€1.5m
- Financial fixed assets -€1.3m
down €1.3m (-95.7%), from €1.4m to €59,592
of which Affiliated companies: -€1.3m
- Intangible fixed assets +€685,879
up €685,879 (+165.9%), from €413,488 to €1.1m
- Stocks and contracts +€486,523
up €486,523, from €0 to €486,523
- Cash +€93,087
up €93,087 (+13.3%), from €698,621 to €791,708
mainly Advances received (+€1.1m) and Net result for the year (+€868,246)
- Advances received +€1.1m
up €1.1m (+199.4%), from €549,687 to €1.6m
- Reserves +€868,246
up €868,246 (+60.4%), from €1.4m to €2.3m
of which Distributable reserves: +€868,246
- Other debts -€792,553
down €792,553 (-82.5%), from €960,553 to €168,000
- Trade debts +€478,069
up €478,069 (+55.7%), from €858,552 to €1.3m
- Tax, wage and social debts +€376,193
up €376,193 (+85.3%), from €440,823 to €817,016
of which Taxes: +€323,921
- Gross operating margin +€4.6m
new in 2025: €4.6m
- Goods and materials -€2.5m
no longer reported in 2025 (was €2.5m)
- Services and other goods -€2.3m
no longer reported in 2025 (was €2.3m)
- Turnover +€1.7m
up €1.7m (+19.0%), from €8.8m to €10.5m
- Staff costs +€199,842
up €199,842 (+7.1%), from €2.8m to €3.0m
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 | €4,266,104 | €6,291,609 | +€2.0m | +47.5% |
| Fixed assets | 21/28 | €1,847,059 | €1,176,470 | -€670,589 | -36.3% |
| Intangible fixed assets | 21 | €413,488 | €1,099,367 | +€685,879 | +165.9% |
| Tangible fixed assets | 22/27 | €32,413 | €17,510 | -€14,903 | -46.0% |
| Plant, machinery and equipment | 23 | - | €1,433 | +€1,433 | |
| Furniture and vehicles | 24 | €32,413 | €11,392 | -€21,022 | -64.9% |
| Other tangible fixed assets | 26 | - | €4,685 | +€4,685 | |
| Financial fixed assets | 28 | €1,401,157 | €59,592 | -€1.3m | -95.7% |
| Affiliated companies | 280/1 | €1,311,375 | - | -€1.3m | |
| Participating interests | 280 | €1,311,375 | - | -€1.3m | |
| Other financial fixed assets | 284/8 | €89,782 | - | -€89,782 | |
| Amounts receivable and cash guarantees | 285/8 | €89,782 | - | -€89,782 | |
| Current assets | 29/58 | €2,419,046 | €5,115,140 | +€2.7m | +111.5% |
| Stocks and contracts in progress | 3 | €0 | €486,523 | +€486,523 | |
| Contracts in progress | 37 | - | €486,523 | +€486,523 | |
| Amounts receivable within one year | 40/41 | €1,613,891 | €3,655,481 | +€2.0m | +126.5% |
| Trade receivables | 40 | €1,344,896 | €2,817,421 | +€1.5m | +109.5% |
| Other amounts receivable | 41 | €268,995 | €838,060 | +€569,065 | +211.6% |
| Cash at bank and in hand | 54/58 | €698,621 | €791,708 | +€93,087 | +13.3% |
| Deferred charges and accrued income | 490/1 | €106,534 | €181,427 | +€74,893 | +70.3% |
| Total equity and liabilities | 10/49 | €4,266,104 | €6,291,609 | +€2.0m | +47.5% |
| Equity | 10/15 | €1,456,120 | €2,324,366 | +€868,246 | +59.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,437,570 | €2,305,816 | +€868,246 | +60.4% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €1,437,570 | €2,305,816 | +€868,246 | +60.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,809,984 | €3,967,244 | +€1.2m | +41.2% |
| Amounts payable within one year | 42/48 | €2,809,615 | €3,967,244 | +€1.2m | +41.2% |
| Trade debts | 44 | €858,552 | €1,336,621 | +€478,069 | +55.7% |
| Suppliers | 440/4 | €858,552 | €1,336,621 | +€478,069 | +55.7% |
| Advances received on contracts in progress | 46 | €549,687 | €1,645,607 | +€1.1m | +199.4% |
| Taxes, remuneration and social security | 45 | €440,823 | €817,016 | +€376,193 | +85.3% |
| Taxes | 450/3 | €182,004 | €505,925 | +€323,921 | +178.0% |
| Remuneration and social security | 454/9 | €258,819 | €311,090 | +€52,271 | +20.2% |
| Other amounts payable | 47/48 | €960,553 | €168,000 | -€792,553 | -82.5% |
| Accrued charges and deferred income | 492/3 | €369 | €0 | -€369 | -100.0% |
| Operating income | 70/76A | €8,995,711 | - | -€9.0m | |
| Turnover | 70 | €8,815,854 | €10,493,191 | +€1.7m | +19.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €82,414 | - | -€82,414 | |
| Own construction capitalised | 72 | €81,119 | - | -€81,119 | |
| Other operating income | 74 | €16,323 | - | -€16,323 | |
| Operating charges | 60/66A | €7,862,494 | - | -€7.9m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €6,080,304 | +€6.1m | |
| Goods for resale, raw materials and consumables | 60 | €2,501,065 | - | -€2.5m | |
| Purchases | 600/8 | €2,501,065 | - | -€2.5m | |
| Services and other goods | 61 | €2,343,759 | - | -€2.3m | |
| Remuneration, social security and pensions | 62 | €2,817,490 | €3,017,332 | +€199,842 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197,114 | €364,155 | +€167,040 | +84.7% |
| Other operating charges | 640/8 | €3,065 | €3,713 | +€648 | +21.1% |
| Gross operating margin | 9900 | - | €4,619,470 | +€4.6m | |
| Operating profit (loss) | 9901 | €1,133,217 | €1,234,271 | +€101,054 | +8.9% |
| Financial income | 75/76B | €8,225 | €28,576 | +€20,351 | +247.4% |
| Recurring financial income | 75 | €8,225 | €20,367 | +€12,141 | +147.6% |
| Income from current assets | 751 | €7,167 | - | -€7,167 | |
| Other financial income | 752/9 | €1,058 | - | -€1,058 | |
| Non-recurring financial income | 76B | €0 | €8,210 | +€8,210 | |
| Financial charges | 65/66B | €6,871 | €5,839 | -€1,032 | -15.0% |
| Recurring financial charges | 65 | €6,871 | €5,839 | -€1,032 | -15.0% |
| Debt charges | 650 | €4,948 | - | -€4,948 | |
| Other financial charges | 652/9 | €1,923 | - | -€1,923 | |
| Profit (loss) for the period before taxes | 9903 | €1,134,572 | €1,257,008 | +€122,436 | +10.8% |
| Income taxes | 67/77 | €330,887 | €388,762 | +€57,875 | +17.5% |
| Taxes | 670/3 | €330,887 | - | -€330,887 | |
| Profit (loss) for the period | 9904 | €803,684 | €868,246 | +€64,561 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €803,684 | €868,246 | +€64,561 | +8.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.