PROFEX: what changed
Two fiscal 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.
PROFEX
Largest movements
- Tangible fixed assets -€220,671
down €220,671 (-39.3%), from €561,533 to €340,863
of which Land and buildings: -€220,076
- Cash +€21,910
up €21,910 (+57.0%), from €38,454 to €60,364
mainly Investment in fixed assets (net) (+€204,623) and Depreciation (+€16,048)
- Receivables after one year -€14,000
down €14,000 (-4.5%), from €311,000 to €297,000
- Debts after one year -€86,218
down €86,218 (-62.4%), from €138,172 to €51,954
of which Financial debts: -€83,068
- Profit (loss) carried forward -€47,322
down €47,322 (-50.9%), from €92,927 to €45,605
- Reserves -€36,261
down €36,261 (-8.2%), from €443,457 to €407,196
of which Distributable reserves: -€36,261
- Other debts -€30,413
down €30,413 (-95.2%), from €31,951 to €1,539
- Current portion of long-term debt -€16,074
down €16,074 (-29.2%), from €54,999 to €38,925
- Taxes -€14,656
down €14,656, from €14,568 to -€88
- Depreciation -€8,002
down €8,002 (-33.3%), from €24,050 to €16,048
- Gross operating margin -€7,134
down €7,134 (-8.7%), from €82,221 to €75,087
- Financial income -€6,376
down €6,376 (-68.9%), from €9,252 to €2,876
- Financial charges -€1,443
down €1,443 (-14.2%), from €10,188 to €8,745
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 | €955,995 | €740,555 | -€215,440 | -22.5% |
| Fixed assets | 21/28 | €561,533 | €340,863 | -€220,671 | -39.3% |
| Tangible fixed assets | 22/27 | €561,533 | €340,863 | -€220,671 | -39.3% |
| Land and buildings | 22 | €560,938 | €340,863 | -€220,076 | -39.2% |
| Furniture and vehicles | 24 | €595 | - | -€595 | |
| Current assets | 29/58 | €394,462 | €399,692 | +€5,230 | +1.3% |
| Amounts receivable after more than one year | 29 | €311,000 | €297,000 | -€14,000 | -4.5% |
| Other amounts receivable | 291 | €311,000 | €297,000 | -€14,000 | -4.5% |
| Amounts receivable within one year | 40/41 | €45,008 | €41,608 | -€3,400 | -7.6% |
| Trade receivables | 40 | €1,160 | €1,403 | +€243 | +21.0% |
| Other amounts receivable | 41 | €43,848 | €40,205 | -€3,643 | -8.3% |
| Cash at bank and in hand | 54/58 | €38,454 | €60,364 | +€21,910 | +57.0% |
| Deferred charges and accrued income | 490/1 | - | €720 | +€720 | |
| Total equity and liabilities | 10/49 | €955,995 | €740,555 | -€215,440 | -22.5% |
| Equity | 10/15 | €598,385 | €514,801 | -€83,584 | -14.0% |
| 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 | €443,457 | €407,196 | -€36,261 | -8.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €325,006 | €325,006 | = | 0.0% |
| Distributable reserves | 133 | €112,252 | €75,990 | -€36,261 | -32.3% |
| Profit (loss) carried forward | 14 | €92,927 | €45,605 | -€47,322 | -50.9% |
| Provisions and deferred taxes | 16 | €108,335 | €108,335 | = | 0.0% |
| Deferred taxes | 168 | €108,335 | €108,335 | = | 0.0% |
| Amounts payable | 17/49 | €249,275 | €117,418 | -€131,857 | -52.9% |
| Amounts payable after more than one year | 17 | €138,172 | €51,954 | -€86,218 | -62.4% |
| Financial debts | 170/4 | €120,722 | €37,654 | -€83,068 | -68.8% |
| Other amounts payable | 178/9 | €17,450 | €14,300 | -€3,150 | -18.1% |
| Amounts payable within one year | 42/48 | €105,879 | €60,206 | -€45,673 | -43.1% |
| Current portion of amounts payable after more than one year | 42 | €54,999 | €38,925 | -€16,074 | -29.2% |
| Trade debts | 44 | €4,446 | €17,385 | +€12,939 | +291.0% |
| Suppliers | 440/4 | €4,446 | €17,385 | +€12,939 | +291.0% |
| Taxes, remuneration and social security | 45 | €14,483 | €2,357 | -€12,126 | -83.7% |
| Taxes | 450/3 | €14,483 | €2,357 | -€12,126 | -83.7% |
| Other amounts payable | 47/48 | €31,951 | €1,539 | -€30,413 | -95.2% |
| Accrued charges and deferred income | 492/3 | €5,224 | €5,258 | +€35 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,050 | €16,048 | -€8,002 | -33.3% |
| Other operating charges | 640/8 | €14,586 | €15,958 | +€1,372 | +9.4% |
| Non-recurring operating charges | 66A | - | €84,623 | +€84,623 | |
| Gross operating margin | 9900 | €82,221 | €75,087 | -€7,134 | -8.7% |
| Operating profit (loss) | 9901 | €43,585 | -€41,542 | -€85,127 | |
| Financial income | 75/76B | €9,252 | €2,876 | -€6,376 | -68.9% |
| Recurring financial income | 75 | €9,252 | €2,876 | -€6,376 | -68.9% |
| Financial charges | 65/66B | €10,188 | €8,745 | -€1,443 | -14.2% |
| Recurring financial charges | 65 | €10,188 | €8,745 | -€1,443 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €42,649 | -€47,410 | -€90,059 | |
| Income taxes | 67/77 | €14,568 | -€88 | -€14,656 | |
| Profit (loss) for the period | 9904 | €28,081 | -€47,322 | -€75,403 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,081 | -€47,322 | -€75,403 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.