PROFcoat: 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.
PROFcoat
Largest movements
- Current investments -€179,982
down €179,982 (-100.0%), from €180,031 to €49
- Receivables within one year +€75,535
up €75,535 (+34.0%), from €222,332 to €297,866
of which Other amounts receivable: +€42,429
- Tangible fixed assets +€43,856
up €43,856 (+113.4%), from €38,659 to €82,515
of which Land and buildings: +€30,880
- Stocks and contracts -€9,457
down €9,457 (-5.8%), from €163,195 to €153,737
- Reserves -€193,210
down €193,210 (-88.5%), from €218,390 to €25,180
- Other debts +€101,217
up €101,217 (+5060.9%), from €2,000 to €103,217
- Trade debts +€66,841
up €66,841 (+58.0%), from €115,283 to €182,124
- Advances received -€46,791
no longer reported in 2025 (was €46,791)
- Debts after one year +€21,646
up €21,646 (+82.1%), from €26,354 to €48,000
- Staff costs +€34,307
up €34,307 (+15.6%), from €220,321 to €254,628
- Gross operating margin -€19,241
down €19,241 (-6.0%), from €318,796 to €299,555
- Taxes -€15,568
down €15,568 (-96.5%), from €16,127 to €558
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 | €628,966 | €564,881 | -€64,085 | -10.2% |
| Fixed assets | 21/28 | €46,556 | €90,108 | +€43,552 | +93.5% |
| Intangible fixed assets | 21 | €7,772 | €7,468 | -€304 | -3.9% |
| Tangible fixed assets | 22/27 | €38,659 | €82,515 | +€43,856 | +113.4% |
| Land and buildings | 22 | €3,232 | €34,112 | +€30,880 | +955.4% |
| Plant, machinery and equipment | 23 | €5,436 | €17,897 | +€12,461 | +229.2% |
| Furniture and vehicles | 24 | €29,991 | €30,506 | +€515 | +1.7% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €582,409 | €474,773 | -€107,636 | -18.5% |
| Stocks and contracts in progress | 3 | €163,195 | €153,737 | -€9,457 | -5.8% |
| Stocks | 30/36 | €163,195 | €153,737 | -€9,457 | -5.8% |
| Amounts receivable within one year | 40/41 | €222,332 | €297,866 | +€75,535 | +34.0% |
| Trade receivables | 40 | €131,111 | €164,216 | +€33,106 | +25.3% |
| Other amounts receivable | 41 | €91,221 | €133,650 | +€42,429 | +46.5% |
| Current investments | 50/53 | €180,031 | €49 | -€179,982 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,632 | €21,888 | +€6,256 | +40.0% |
| Deferred charges and accrued income | 490/1 | €1,219 | €1,232 | +€13 | +1.1% |
| Total equity and liabilities | 10/49 | €628,966 | €564,881 | -€64,085 | -10.2% |
| Equity | 10/15 | €236,990 | €43,780 | -€193,210 | -81.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €218,390 | €25,180 | -€193,210 | -88.5% |
| Distributable reserves | 133 | €218,390 | €25,180 | -€193,210 | -88.5% |
| Amounts payable | 17/49 | €391,975 | €521,101 | +€129,126 | +32.9% |
| Amounts payable after more than one year | 17 | €26,354 | €48,000 | +€21,646 | +82.1% |
| Financial debts | 170/4 | €26,354 | €48,000 | +€21,646 | +82.1% |
| Amounts payable within one year | 42/48 | €365,622 | €473,102 | +€107,480 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €14,852 | €27,376 | +€12,524 | +84.3% |
| Financial debts | 43 | €143,537 | €130,038 | -€13,499 | -9.4% |
| Other loans | 439 | €143,537 | €130,038 | -€13,499 | -9.4% |
| Trade debts | 44 | €115,283 | €182,124 | +€66,841 | +58.0% |
| Suppliers | 440/4 | €115,283 | €182,124 | +€66,841 | +58.0% |
| Advances received on contracts in progress | 46 | €46,791 | - | -€46,791 | |
| Taxes, remuneration and social security | 45 | €43,159 | €30,347 | -€12,812 | -29.7% |
| Taxes | 450/3 | €9,626 | - | -€9,626 | |
| Remuneration and social security | 454/9 | €33,532 | €30,347 | -€3,186 | -9.5% |
| Other amounts payable | 47/48 | €2,000 | €103,217 | +€101,217 | +5060.9% |
| Remuneration, social security and pensions | 62 | €220,321 | €254,628 | +€34,307 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,313 | €32,466 | +€153 | +0.5% |
| Other operating charges | 640/8 | €1,903 | €1,070 | -€833 | -43.8% |
| Gross operating margin | 9900 | €318,796 | €299,555 | -€19,241 | -6.0% |
| Operating profit (loss) | 9901 | €64,258 | €11,390 | -€52,868 | -82.3% |
| Financial income | 75/76B | €5,554 | €3,510 | -€2,044 | -36.8% |
| Recurring financial income | 75 | €5,554 | €2,821 | -€2,733 | -49.2% |
| Non-recurring financial income | 76B | - | €689 | +€689 | |
| Financial charges | 65/66B | €8,349 | €7,552 | -€796 | -9.5% |
| Recurring financial charges | 65 | €8,349 | €7,552 | -€796 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €61,463 | €7,348 | -€54,115 | -88.0% |
| Income taxes | 67/77 | €16,127 | €558 | -€15,568 | -96.5% |
| Profit (loss) for the period | 9904 | €45,337 | €6,790 | -€38,547 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,337 | €6,790 | -€38,547 | -85.0% |
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 10 October 2026 via checked.be.