PROFALCO: what changed
PROFALCO
Largest movements
- Receivables within one year +€234,419
up €234,419 (+219%), from €107,184 to €341,604
of which Trade receivables: +€208,967
- Cash -€69,042
no longer reported in 2025 (was €69,042)
mainly Receivables within one year (-€234,419) and Deferred charges and accrued income (-€3,082)
- Tangible fixed assets -€6,839
down €6,839 (-33.9%), from €20,181 to €13,342
of which Furniture and vehicles: -€4,595
- Trade debts +€50,243
up €50,243 (+309%), from €16,259 to €66,501
- Reserves +€50,000
up €50,000 (+97.7%), from €51,200 to €101,200
of which Distributable reserves: +€50,000
- Tax, wage and social debts +€38,027
up €38,027 (+124%), from €30,673 to €68,700
of which Remuneration and social security: +€24,051
- Short-term financial debts +€18,651
up €18,651 (+101%), from €18,382 to €37,033
- Profit (loss) carried forward +€4,400
up €4,400 (+6.1%), from €71,641 to €76,042
- Gross operating margin +€73,378
up €73,378 (+194%), from €37,845 to €111,222
- Taxes +€23,192
up €23,192 (+295%), from €7,872 to €31,064
- Depreciation -€7,168
down €7,168 (-38.7%), from €18,514 to €11,346
- Financial charges +€6,185
up €6,185 (+169%), from €3,660 to €9,845
- Financial income -€1,346
down €1,346 (-81.9%), from €1,644 to €298
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €252,655 | €411,476 | +€158,821 | +62.9% |
| Fixed assets | 21/28 | €34,064 | €24,425 | -€9,639 | -28.3% |
| Intangible fixed assets | 21 | €5,600 | €2,800 | -€2,800 | -50.0% |
| Tangible fixed assets | 22/27 | €20,181 | €13,342 | -€6,839 | -33.9% |
| Furniture and vehicles | 24 | €17,937 | €13,342 | -€4,595 | -25.6% |
| Other tangible fixed assets | 26 | €2,244 | - | -€2,244 | |
| Financial fixed assets | 28 | €8,283 | €8,283 | = | 0.0% |
| Current assets | 29/58 | €218,591 | €387,051 | +€168,460 | +77.1% |
| Stocks and contracts in progress | 3 | €42,365 | €42,365 | = | 0.0% |
| Stocks | 30/36 | €42,365 | €42,365 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €107,184 | €341,604 | +€234,419 | +219% |
| Trade receivables | 40 | €60,551 | €269,518 | +€208,967 | +345% |
| Other amounts receivable | 41 | €46,633 | €72,086 | +€25,452 | +54.6% |
| Cash at bank and in hand | 54/58 | €69,042 | - | -€69,042 | |
| Deferred charges and accrued income | 490/1 | - | €3,082 | +€3,082 | |
| Total equity and liabilities | 10/49 | €252,655 | €411,476 | +€158,821 | +62.9% |
| Equity | 10/15 | €184,841 | €239,242 | +€54,400 | +29.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €51,200 | €101,200 | +€50,000 | +97.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €95,000 | +€50,000 | +111% |
| Profit (loss) carried forward | 14 | €71,641 | €76,042 | +€4,400 | +6.1% |
| Amounts payable | 17/49 | €67,814 | €172,235 | +€104,420 | +154% |
| Amounts payable within one year | 42/48 | €65,314 | €172,235 | +€106,920 | +164% |
| Financial debts | 43 | €18,382 | €37,033 | +€18,651 | +101% |
| Credit institutions | 430/8 | €18,382 | €37,033 | +€18,651 | +101% |
| Trade debts | 44 | €16,259 | €66,501 | +€50,243 | +309% |
| Suppliers | 440/4 | €16,259 | €66,501 | +€50,243 | +309% |
| Taxes, remuneration and social security | 45 | €30,673 | €68,700 | +€38,027 | +124% |
| Taxes | 450/3 | €6,805 | €20,781 | +€13,976 | +205% |
| Remuneration and social security | 454/9 | €23,868 | €47,919 | +€24,051 | +101% |
| Accrued charges and deferred income | 492/3 | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,514 | €11,346 | -€7,168 | -38.7% |
| Other operating charges | 640/8 | €1,181 | €2,275 | +€1,094 | +92.6% |
| Non-recurring operating charges | 66A | - | €2,590 | +€2,590 | |
| Gross operating margin | 9900 | €37,845 | €111,222 | +€73,378 | +194% |
| Operating profit (loss) | 9901 | €18,150 | €95,012 | +€76,862 | +423% |
| Financial income | 75/76B | €1,644 | €298 | -€1,346 | -81.9% |
| Recurring financial income | 75 | €1,644 | €298 | -€1,346 | -81.9% |
| Financial charges | 65/66B | €3,660 | €9,845 | +€6,185 | +169% |
| Recurring financial charges | 65 | €3,660 | €9,845 | +€6,185 | +169% |
| Profit (loss) for the period before taxes | 9903 | €16,134 | €85,465 | +€69,331 | +430% |
| Income taxes | 67/77 | €7,872 | €31,064 | +€23,192 | +295% |
| Profit (loss) for the period | 9904 | €8,261 | €54,400 | +€46,139 | +558% |
| Profit (loss) for the period to be appropriated | 9905 | €8,261 | €54,400 | +€46,139 | +558% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.