PROFERRO: 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.
What changed
PROFERRO
NACE 24.100, Manufacture of basic metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.2m
2024 · -€589,174+€4.7m
Equity
€49.3m
2024 · €45.2m+€4.2m
Cash
€276,666
2024 · €581,639-€304,973
Balance sheet total
€61.0m
2024 · €57.5m+€3.5m
Largest movements
Assets
- Receivables within one year +€7.8m
up €7.8m (+65.4%), from €11.9m to €19.7m
of which Trade receivables: +€4.1m
- Tangible fixed assets -€3.8m
down €3.8m (-18.4%), from €20.4m to €16.6m
of which Plant, machinery and equipment: -€3.9m
- Stocks and contracts -€3.1m
down €3.1m (-13.6%), from €22.6m to €19.5m
- Current investments +€2.9m
up €2.9m (+142%), from €2.0m to €4.9m
Equity and liabilities
- Profit (loss) carried forward +€3.9m
up €3.9m (+17.7%), from €22.3m to €26.2m
Income statement
- Turnover +€5.4m
up €5.4m (+5.6%), from €97.6m to €103.1m
- Goods and materials -€2.5m
down €2.5m (-5.6%), from €45.8m to €43.2m
of which Purchases: -€1.9m
- Taxes +€1.6m
up €1.6m, from -€56,300 to €1.6m
of which Taxes: +€1.6m
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.
Result 2024
-€589,174
Turnover
+€5.4m
Other operating income
-€449,036
Goods and materials
+€2.5m
Services and other goods
-€256,369
Staff costs
+€615,239
Depreciation
+€468,678
Write-downs
+€987,585
Provisions
+€389,795
Other operating charges
-€4,057
Other operating items
-€3.6m
Financial income
+€17,443
Financial charges
+€243,114
Taxes
-€1.6m
Result 2025
€4.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.0m
Investment
-€4.3m
Financing
€0
Cash 2024
€581,639
From operations (derived)
+€4.0m
Net result for the year
+€4.2m
Depreciation
+€5.2m
Stocks and contracts
+€3.1m
Receivables within one year
-€7.8m
Provisions
-€282,445
Trade debts
+€187,751
Tax, wage and social debts
-€282,458
Advances received
-€169,659
Other debts
-€63,048
Investment (derived)
-€4.3m
Investment in fixed assets (net)
-€1.4m
Current investments
-€2.9m
Cash 2025
€276,666
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,495,872 | €61,036,104 | +€3.5m | +6.2% |
| Fixed assets | 21/28 | €20,375,758 | €16,624,338 | -€3.8m | -18.4% |
| Tangible fixed assets | 22/27 | €20,367,831 | €16,616,411 | -€3.8m | -18.4% |
| Land and buildings | 22 | €3,796,967 | €3,600,202 | -€196,765 | -5.2% |
| Plant, machinery and equipment | 23 | €15,497,909 | €11,615,321 | -€3.9m | -25.1% |
| Furniture and vehicles | 24 | €569,105 | €492,865 | -€76,240 | -13.4% |
| Assets under construction and advance payments | 27 | €503,850 | €908,022 | +€404,172 | +80.2% |
| Financial fixed assets | 28 | €7,927 | €7,927 | = | 0.0% |
| Affiliated companies | 280/1 | €7,527 | €7,527 | = | 0.0% |
| Participating interests | 280 | €7,527 | €7,527 | = | 0.0% |
| Other financial fixed assets | 284/8 | €400 | €400 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €37,120,114 | €44,411,766 | +€7.3m | +19.6% |
| Stocks and contracts in progress | 3 | €22,597,852 | €19,515,661 | -€3.1m | -13.6% |
| Stocks | 30/36 | €22,597,852 | €19,515,661 | -€3.1m | -13.6% |
| Raw materials and consumables | 30/31 | €5,892,227 | €5,527,965 | -€364,262 | -6.2% |
| Work in progress | 32 | €4,202,159 | €3,426,540 | -€775,619 | -18.5% |
| Finished goods | 33 | €12,503,466 | €10,561,156 | -€1.9m | -15.5% |
| Amounts receivable within one year | 40/41 | €11,907,409 | €19,699,440 | +€7.8m | +65.4% |
| Trade receivables | 40 | €10,329,934 | €14,413,811 | +€4.1m | +39.5% |
| Other amounts receivable | 41 | €1,577,475 | €5,285,629 | +€3.7m | +235% |
| Current investments | 50/53 | €2,033,215 | €4,920,000 | +€2.9m | +142% |
| Other investments | 51/53 | €2,033,215 | €4,920,000 | +€2.9m | +142% |
| Cash at bank and in hand | 54/58 | €581,639 | €276,666 | -€304,973 | -52.4% |
| Total equity and liabilities | 10/49 | €57,495,872 | €61,036,104 | +€3.5m | +6.2% |
| Equity | 10/15 | €45,193,286 | €49,343,377 | +€4.2m | +9.2% |
| Contributions | 10/11 | €21,373,611 | €21,373,611 | = | 0.0% |
| Capital | 10 | €21,373,611 | €21,373,611 | = | 0.0% |
| Issued capital | 100 | €21,373,611 | €21,373,611 | = | 0.0% |
| Reserves | 13 | €1,533,382 | €1,740,887 | +€207,505 | +13.5% |
| Non-distributable reserves | 130/1 | €1,486,125 | €1,693,630 | +€207,505 | +14.0% |
| Legal reserve | 130 | €1,486,125 | €1,693,630 | +€207,505 | +14.0% |
| Tax-exempt reserves | 132 | €47,257 | €47,257 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,286,293 | €26,228,879 | +€3.9m | +17.7% |
| Provisions and deferred taxes | 16 | €1,201,898 | €919,453 | -€282,445 | -23.5% |
| Provisions for liabilities and charges | 160/5 | €1,201,898 | €919,453 | -€282,445 | -23.5% |
| Pensions and similar obligations | 160 | €1,201,898 | €919,453 | -€282,445 | -23.5% |
| Amounts payable | 17/49 | €11,100,688 | €10,773,274 | -€327,414 | -2.9% |
| Amounts payable within one year | 42/48 | €11,100,688 | €10,773,274 | -€327,414 | -2.9% |
| Trade debts | 44 | €4,811,847 | €4,999,598 | +€187,751 | +3.9% |
| Suppliers | 440/4 | €4,811,847 | €4,999,598 | +€187,751 | +3.9% |
| Advances received on contracts in progress | 46 | €476,149 | €306,490 | -€169,659 | -35.6% |
| Taxes, remuneration and social security | 45 | €5,749,644 | €5,467,186 | -€282,458 | -4.9% |
| Taxes | 450/3 | €99,052 | €165,901 | +€66,849 | +67.5% |
| Remuneration and social security | 454/9 | €5,650,592 | €5,301,286 | -€349,306 | -6.2% |
| Other amounts payable | 47/48 | €63,048 | - | -€63,048 | |
| Operating income | 70/76A | €100,970,779 | €102,352,159 | +€1.4m | +1.4% |
| Turnover | 70 | €97,625,578 | €103,060,351 | +€5.4m | +5.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €429,554 | -€3,169,855 | -€3.6m | |
| Other operating income | 74 | €2,886,681 | €2,437,645 | -€449,036 | -15.6% |
| Non-recurring operating income | 76A | €28,965 | €24,018 | -€4,947 | -17.1% |
| Operating charges | 60/66A | €101,331,261 | €96,590,794 | -€4.7m | -4.7% |
| Goods for resale, raw materials and consumables | 60 | €45,784,683 | €43,240,401 | -€2.5m | -5.6% |
| Purchases | 600/8 | €45,302,467 | €43,449,617 | -€1.9m | -4.1% |
| Change in stocks: decrease (increase) | 609 | €482,216 | -€209,216 | -€691,432 | |
| Services and other goods | 61 | €15,363,215 | €15,619,585 | +€256,369 | +1.7% |
| Remuneration, social security and pensions | 62 | €33,178,126 | €32,562,887 | -€615,239 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,668,476 | €5,199,798 | -€468,678 | -8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,103,262 | €115,677 | -€987,585 | -89.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €107,350 | -€282,445 | -€389,795 | |
| Other operating charges | 640/8 | €125,530 | €129,587 | +€4,057 | +3.2% |
| Non-recurring operating charges | 66A | €619 | €5,304 | +€4,685 | +757% |
| Operating profit (loss) | 9901 | -€360,482 | €5,761,365 | +€6.1m | |
| Financial income | 75/76B | €136,313 | €153,756 | +€17,443 | +12.8% |
| Recurring financial income | 75 | €136,313 | €153,756 | +€17,443 | +12.8% |
| Income from financial fixed assets | 750 | - | €1,729 | +€1,729 | |
| Income from current assets | 751 | €103,123 | €112,661 | +€9,537 | +9.2% |
| Other financial income | 752/9 | €33,190 | €39,367 | +€6,177 | +18.6% |
| Financial charges | 65/66B | €421,305 | €178,191 | -€243,114 | -57.7% |
| Recurring financial charges | 65 | €421,305 | €178,191 | -€243,114 | -57.7% |
| Debt charges | 650 | €209,998 | €32,062 | -€177,936 | -84.7% |
| Other financial charges | 652/9 | €211,307 | €146,129 | -€65,178 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | -€645,474 | €5,736,930 | +€6.4m | |
| Income taxes | 67/77 | -€56,300 | €1,586,839 | +€1.6m | |
| Taxes | 670/3 | €6,500 | €1,587,311 | +€1.6m | +24,322% |
| Tax adjustments and reversals of tax provisions | 77 | €62,799 | €471 | -€62,328 | -99.2% |
| Profit (loss) for the period | 9904 | -€589,174 | €4,150,091 | +€4.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€589,174 | €4,150,091 | +€4.7m |
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 17 October 2026 via checked.be.