PROFENCE: 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.
PROFENCE
Largest movements
- Receivables within one year -€112,153
down €112,153 (-29.4%), from €381,127 to €268,973
of which Other amounts receivable: -€84,445
- Cash +€69,175
up €69,175 (+40.3%), from €171,764 to €240,939
mainly Other debts (+€201,860) and Receivables within one year (+€112,153)
- Receivables after one year +€44,516
up €44,516 (+21.1%), from €210,549 to €255,064
- Other debts +€201,860
new in 2025: €201,860
- Reserves -€144,354
down €144,354 (-13.7%), from €1.1m to €912,849
- Short-term financial debts -€70,000
no longer reported in 2025 (was €70,000)
- Trade debts +€33,278
up €33,278 (+59.3%), from €56,094 to €89,372
- Tax, wage and social debts -€20,531
down €20,531 (-27.3%), from €75,106 to €54,575
of which Taxes: -€27,346
- Gross operating margin -€35,711
down €35,711 (-18.1%), from €197,183 to €161,472
- Staff costs +€34,688
new in 2025: €34,688
- Taxes -€18,326
down €18,326 (-38.1%), from €48,074 to €29,748
- Financial income +€3,437
up €3,437 (+47.4%), from €7,257 to €10,694
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 | €1,843,845 | €1,841,096 | -€2,750 | -0.1% |
| Fixed assets | 21/28 | €561,644 | €572,137 | +€10,493 | +1.9% |
| Tangible fixed assets | 22/27 | €561,644 | €572,137 | +€10,493 | +1.9% |
| Land and buildings | 22 | €549,542 | €524,633 | -€24,908 | -4.5% |
| Plant, machinery and equipment | 23 | €2,083 | €3,595 | +€1,512 | +72.6% |
| Furniture and vehicles | 24 | €9,881 | €43,908 | +€34,028 | +344% |
| Other tangible fixed assets | 26 | €138 | - | -€138 | |
| Current assets | 29/58 | €1,282,202 | €1,268,959 | -€13,243 | -1.0% |
| Amounts receivable after more than one year | 29 | €210,549 | €255,064 | +€44,516 | +21.1% |
| Other amounts receivable | 291 | €210,549 | €255,064 | +€44,516 | +21.1% |
| Stocks and contracts in progress | 3 | €511,508 | €493,887 | -€17,621 | -3.4% |
| Stocks | 30/36 | €511,508 | €493,887 | -€17,621 | -3.4% |
| Amounts receivable within one year | 40/41 | €381,127 | €268,973 | -€112,153 | -29.4% |
| Trade receivables | 40 | €273,895 | €246,186 | -€27,708 | -10.1% |
| Other amounts receivable | 41 | €107,232 | €22,787 | -€84,445 | -78.7% |
| Cash at bank and in hand | 54/58 | €171,764 | €240,939 | +€69,175 | +40.3% |
| Deferred charges and accrued income | 490/1 | €7,254 | €10,095 | +€2,841 | +39.2% |
| Total equity and liabilities | 10/49 | €1,843,845 | €1,841,096 | -€2,750 | -0.1% |
| Equity | 10/15 | €1,096,784 | €952,430 | -€144,354 | -13.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,057,203 | €912,849 | -€144,354 | -13.7% |
| Distributable reserves | 133 | €1,057,203 | €912,849 | -€144,354 | -13.7% |
| Profit (loss) carried forward | 14 | €27,181 | €27,181 | = | 0.0% |
| Amounts payable | 17/49 | €747,061 | €888,665 | +€141,604 | +19.0% |
| Amounts payable after more than one year | 17 | €503,861 | €492,505 | -€11,356 | -2.3% |
| Financial debts | 170/4 | €503,861 | €492,505 | -€11,356 | -2.3% |
| Amounts payable within one year | 42/48 | €241,200 | €395,924 | +€154,724 | +64.1% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €50,117 | +€10,117 | +25.3% |
| Financial debts | 43 | €70,000 | - | -€70,000 | |
| Credit institutions | 430/8 | €70,000 | - | -€70,000 | |
| Trade debts | 44 | €56,094 | €89,372 | +€33,278 | +59.3% |
| Suppliers | 440/4 | €56,094 | €89,372 | +€33,278 | +59.3% |
| Taxes, remuneration and social security | 45 | €75,106 | €54,575 | -€20,531 | -27.3% |
| Taxes | 450/3 | €75,106 | €47,760 | -€27,346 | -36.4% |
| Remuneration and social security | 454/9 | - | €6,815 | +€6,815 | |
| Other amounts payable | 47/48 | - | €201,860 | +€201,860 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €236 | -€1,764 | -88.2% |
| Remuneration, social security and pensions | 62 | - | €34,688 | +€34,688 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,505 | €33,061 | -€1,445 | -4.2% |
| Other operating charges | 640/8 | €5,435 | €4,554 | -€881 | -16.2% |
| Gross operating margin | 9900 | €197,183 | €161,472 | -€35,711 | -18.1% |
| Operating profit (loss) | 9901 | €157,242 | €89,168 | -€68,074 | -43.3% |
| Financial income | 75/76B | €7,257 | €10,694 | +€3,437 | +47.4% |
| Recurring financial income | 75 | €7,257 | €10,694 | +€3,437 | +47.4% |
| Financial charges | 65/66B | €13,408 | €12,607 | -€801 | -6.0% |
| Recurring financial charges | 65 | €13,408 | €12,607 | -€801 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €151,091 | €87,254 | -€63,837 | -42.3% |
| Income taxes | 67/77 | €48,074 | €29,748 | -€18,326 | -38.1% |
| Profit (loss) for the period | 9904 | €103,017 | €57,506 | -€45,511 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €103,017 | €57,506 | -€45,511 | -44.2% |
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 13 October 2026 via checked.be.