Profadex: 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.
Profadex
Largest movements
- Cash -€16,608
down €16,608 (-50.1%), from €33,162 to €16,554
mainly Contributions, distributions and other (-€77,213) and Receivables within one year (-€9,215)
- Receivables within one year +€9,215
up €9,215 (+48.0%), from €19,205 to €28,421
of which Trade receivables: +€10,580
- Deferred charges and accrued income +€1,721
up €1,721 (+1578.7%), from €109 to €1,830
- Tangible fixed assets -€557
down €557 (-72.9%), from €764 to €207
- Reserves -€43,498
down €43,498 (-100.0%), from €43,498 to €0
- Other debts +€33,715
new in 2025: €33,715
- Tax, wage and social debts +€2,177
up €2,177, from €0 to €2,177
- Trade debts +€1,378
up €1,378 (+79.2%), from €1,742 to €3,120
- Gross operating margin +€19,248
up €19,248 (+75.3%), from €25,565 to €44,813
- Taxes +€3,751
up €3,751 (+61.1%), from €6,137 to €9,887
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 | €53,240 | €47,012 | -€6,228 | -11.7% |
| Fixed assets | 21/28 | €764 | €207 | -€557 | -72.9% |
| Tangible fixed assets | 22/27 | €764 | €207 | -€557 | -72.9% |
| Plant, machinery and equipment | 23 | €764 | €207 | -€557 | -72.9% |
| Current assets | 29/58 | €52,476 | €46,805 | -€5,671 | -10.8% |
| Amounts receivable within one year | 40/41 | €19,205 | €28,421 | +€9,215 | +48.0% |
| Trade receivables | 40 | €11,260 | €21,839 | +€10,580 | +94.0% |
| Other amounts receivable | 41 | €7,946 | €6,582 | -€1,364 | -17.2% |
| Cash at bank and in hand | 54/58 | €33,162 | €16,554 | -€16,608 | -50.1% |
| Deferred charges and accrued income | 490/1 | €109 | €1,830 | +€1,721 | +1578.7% |
| Total equity and liabilities | 10/49 | €53,240 | €47,012 | -€6,228 | -11.7% |
| Equity | 10/15 | €51,498 | €8,000 | -€43,498 | -84.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €43,498 | €0 | -€43,498 | -100.0% |
| Distributable reserves | 133 | €43,498 | €0 | -€43,498 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,742 | €39,012 | +€37,270 | +2140.1% |
| Amounts payable within one year | 42/48 | €1,742 | €39,012 | +€37,270 | +2140.1% |
| Trade debts | 44 | €1,742 | €3,120 | +€1,378 | +79.2% |
| Suppliers | 440/4 | €1,742 | €3,120 | +€1,378 | +79.2% |
| Taxes, remuneration and social security | 45 | €0 | €2,177 | +€2,177 | |
| Taxes | 450/3 | €0 | €2,177 | +€2,177 | |
| Other amounts payable | 47/48 | - | €33,715 | +€33,715 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €688 | €557 | -€131 | -19.1% |
| Other operating charges | 640/8 | €540 | €815 | +€276 | +51.1% |
| Gross operating margin | 9900 | €25,565 | €44,813 | +€19,248 | +75.3% |
| Operating profit (loss) | 9901 | €24,338 | €43,441 | +€19,104 | +78.5% |
| Financial income | 75/76B | €85 | €331 | +€246 | +289.3% |
| Recurring financial income | 75 | €85 | €331 | +€246 | +289.3% |
| Financial charges | 65/66B | €166 | €170 | +€4 | +2.5% |
| Recurring financial charges | 65 | €166 | €170 | +€4 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €24,257 | €43,602 | +€19,345 | +79.8% |
| Income taxes | 67/77 | €6,137 | €9,887 | +€3,751 | +61.1% |
| Profit (loss) for the period | 9904 | €18,120 | €33,714 | +€15,594 | +86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,120 | €33,714 | +€15,594 | +86.1% |
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 8 October 2026 via checked.be.