Profeno Group: 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.
Profeno Group
Largest movements
- Receivables within one year -€162,590
down €162,590 (-30.6%), from €531,472 to €368,882
of which Trade receivables: -€92,143
- Cash -€108,685
down €108,685 (-33.9%), from €320,827 to €212,142
mainly Advances received (-€251,924) and Debts after one year (-€73,280)
- Tangible fixed assets -€42,152
down €42,152 (-12.8%), from €330,018 to €287,866
of which Land and buildings: -€32,139
- Advances received -€251,924
down €251,924 (-59.8%), from €421,562 to €169,638
- Debts after one year -€73,280
down €73,280 (-17.2%), from €427,135 to €353,855
- Tax, wage and social debts -€57,925
down €57,925 (-36.8%), from €157,608 to €99,682
of which Taxes: -€57,911
- Trade debts +€27,810
up €27,810 (+21.6%), from €128,898 to €156,708
- Profit (loss) carried forward +€21,563
up €21,563 (+59.2%), from €36,422 to €57,985
- Other operating charges -€15,408
down €15,408 (-55.6%), from €27,710 to €12,302
- Staff costs +€15,355
up €15,355 (+1.7%), from €879,072 to €894,427
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 | €1,342,195 | €1,007,659 | -€334,536 | -24.9% |
| Fixed assets | 21/28 | €370,559 | €319,573 | -€50,986 | -13.8% |
| Intangible fixed assets | 21 | €31,684 | €22,849 | -€8,834 | -27.9% |
| Tangible fixed assets | 22/27 | €330,018 | €287,866 | -€42,152 | -12.8% |
| Land and buildings | 22 | €294,185 | €262,046 | -€32,139 | -10.9% |
| Plant, machinery and equipment | 23 | €5,709 | €3,227 | -€2,482 | -43.5% |
| Furniture and vehicles | 24 | €24,714 | €20,741 | -€3,973 | -16.1% |
| Leasing and similar rights | 25 | €5,410 | €1,852 | -€3,558 | -65.8% |
| Financial fixed assets | 28 | €8,858 | €8,858 | = | 0.0% |
| Current assets | 29/58 | €971,635 | €688,086 | -€283,550 | -29.2% |
| Stocks and contracts in progress | 3 | €80,166 | €70,764 | -€9,402 | -11.7% |
| Stocks | 30/36 | €80,166 | €70,764 | -€9,402 | -11.7% |
| Amounts receivable within one year | 40/41 | €531,472 | €368,882 | -€162,590 | -30.6% |
| Trade receivables | 40 | €448,575 | €356,432 | -€92,143 | -20.5% |
| Other amounts receivable | 41 | €82,897 | €12,450 | -€70,447 | -85.0% |
| Cash at bank and in hand | 54/58 | €320,827 | €212,142 | -€108,685 | -33.9% |
| Deferred charges and accrued income | 490/1 | €39,169 | €36,298 | -€2,871 | -7.3% |
| Total equity and liabilities | 10/49 | €1,342,195 | €1,007,659 | -€334,536 | -24.9% |
| Equity | 10/15 | €58,280 | €78,445 | +€20,165 | +34.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,422 | €57,985 | +€21,563 | +59.2% |
| Investment grants | 15 | €1,398 | - | -€1,398 | |
| Amounts payable | 17/49 | €1,283,915 | €929,214 | -€354,701 | -27.6% |
| Amounts payable after more than one year | 17 | €427,135 | €353,855 | -€73,280 | -17.2% |
| Financial debts | 170/4 | €427,135 | €353,855 | -€73,280 | -17.2% |
| Amounts payable within one year | 42/48 | €856,780 | €575,358 | -€281,421 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €76,154 | €87,722 | +€11,568 | +15.2% |
| Trade debts | 44 | €128,898 | €156,708 | +€27,810 | +21.6% |
| Suppliers | 440/4 | €128,898 | €156,708 | +€27,810 | +21.6% |
| Advances received on contracts in progress | 46 | €421,562 | €169,638 | -€251,924 | -59.8% |
| Taxes, remuneration and social security | 45 | €157,608 | €99,682 | -€57,925 | -36.8% |
| Taxes | 450/3 | €93,496 | €35,585 | -€57,911 | -61.9% |
| Remuneration and social security | 454/9 | €64,112 | €64,097 | -€15 | 0.0% |
| Other amounts payable | 47/48 | €72,558 | €61,608 | -€10,950 | -15.1% |
| Non-recurring operating income | 76A | €11,261 | €5,785 | -€5,476 | -48.6% |
| Remuneration, social security and pensions | 62 | €879,072 | €894,427 | +€15,355 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,775 | €56,828 | -€5,947 | -9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,437 | - | +€9,437 | |
| Other operating charges | 640/8 | €27,710 | €12,302 | -€15,408 | -55.6% |
| Gross operating margin | 9900 | €1,039,089 | €1,033,273 | -€5,815 | -0.6% |
| Operating profit (loss) | 9901 | €78,968 | €69,716 | -€9,252 | -11.7% |
| Financial income | 75/76B | €82,456 | €85,973 | +€3,516 | +4.3% |
| Recurring financial income | 75 | €82,456 | €85,973 | +€3,516 | +4.3% |
| Financial charges | 65/66B | €37,057 | €30,318 | -€6,739 | -18.2% |
| Recurring financial charges | 65 | €37,057 | €30,318 | -€6,739 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €124,368 | €125,372 | +€1,003 | +0.8% |
| Income taxes | 67/77 | €43,356 | €43,808 | +€452 | +1.0% |
| Profit (loss) for the period | 9904 | €81,012 | €81,563 | +€551 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €81,012 | €81,563 | +€551 | +0.7% |
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.