PROFIEL: 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.
PROFIEL
Largest movements
- Stocks and contracts -€83,350
down €83,350 (-31.3%), from €266,350 to €183,000
- Tangible fixed assets +€82,659
up €82,659 (+47.2%), from €175,262 to €257,921
of which Land and buildings: +€93,777
- Cash -€29,783
down €29,783 (-21.9%), from €136,040 to €106,257
mainly Contributions, distributions and other (-€125,000) and Investment in fixed assets (net) (-€115,182)
- Receivables within one year +€13,070
up €13,070 (+238.3%), from €5,485 to €18,555
of which Other amounts receivable: +€14,529
- Other debts -€83,167
down €83,167 (-100.0%), from €83,167 to €0
- Trade debts +€50,928
up €50,928 (+65.7%), from €77,562 to €128,490
- Debts after one year +€34,371
up €34,371 (+23.9%), from €143,744 to €178,115
- Short-term financial debts -€22,536
down €22,536 (-100.0%), from €22,536 to €0
of which Other loans: -€20,000
- Gross operating margin +€57,789
up €57,789 (+34.7%), from €166,378 to €224,167
- Staff costs +€6,778
up €6,778 (+21.1%), from €32,101 to €38,879
- Financial charges +€4,235
up €4,235 (+63.0%), from €6,720 to €10,955
- Other operating charges +€3,086
up €3,086 (+41.9%), from €7,367 to €10,453
- Depreciation +€2,907
up €2,907 (+9.8%), from €29,617 to €32,523
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 | €583,137 | €565,732 | -€17,404 | -3.0% |
| Fixed assets | 21/28 | €175,262 | €257,921 | +€82,659 | +47.2% |
| Tangible fixed assets | 22/27 | €175,262 | €257,921 | +€82,659 | +47.2% |
| Land and buildings | 22 | €121,151 | €214,927 | +€93,777 | +77.4% |
| Furniture and vehicles | 24 | €3,464 | €1,929 | -€1,535 | -44.3% |
| Other tangible fixed assets | 26 | €50,647 | €41,065 | -€9,583 | -18.9% |
| Current assets | 29/58 | €407,875 | €307,812 | -€100,063 | -24.5% |
| Stocks and contracts in progress | 3 | €266,350 | €183,000 | -€83,350 | -31.3% |
| Stocks | 30/36 | €266,350 | €183,000 | -€83,350 | -31.3% |
| Amounts receivable within one year | 40/41 | €5,485 | €18,555 | +€13,070 | +238.3% |
| Trade receivables | 40 | €1,900 | €442 | -€1,459 | -76.8% |
| Other amounts receivable | 41 | €3,584 | €18,113 | +€14,529 | +405.3% |
| Cash at bank and in hand | 54/58 | €136,040 | €106,257 | -€29,783 | -21.9% |
| Total equity and liabilities | 10/49 | €583,137 | €565,732 | -€17,404 | -3.0% |
| Equity | 10/15 | €130,339 | €133,347 | +€3,008 | +2.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €105,090 | €108,098 | +€3,008 | +2.9% |
| Distributable reserves | 133 | €105,090 | €108,098 | +€3,008 | +2.9% |
| Profit (loss) carried forward | 14 | €6,657 | €6,657 | = | 0.0% |
| Amounts payable | 17/49 | €452,798 | €432,386 | -€20,412 | -4.5% |
| Amounts payable after more than one year | 17 | €143,744 | €178,115 | +€34,371 | +23.9% |
| Financial debts | 170/4 | €143,744 | €178,115 | +€34,371 | +23.9% |
| Amounts payable within one year | 42/48 | €309,054 | €254,271 | -€54,783 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €116,406 | €110,672 | -€5,734 | -4.9% |
| Financial debts | 43 | €22,536 | €0 | -€22,536 | -100.0% |
| Credit institutions | 430/8 | €2,536 | €0 | -€2,536 | -100.0% |
| Other loans | 439 | €20,000 | €0 | -€20,000 | -100.0% |
| Trade debts | 44 | €77,562 | €128,490 | +€50,928 | +65.7% |
| Suppliers | 440/4 | €77,562 | €128,490 | +€50,928 | +65.7% |
| Taxes, remuneration and social security | 45 | €9,383 | €15,108 | +€5,726 | +61.0% |
| Taxes | 450/3 | €6,984 | €11,377 | +€4,393 | +62.9% |
| Remuneration and social security | 454/9 | €2,399 | €3,732 | +€1,333 | +55.6% |
| Other amounts payable | 47/48 | €83,167 | €0 | -€83,167 | -100.0% |
| Remuneration, social security and pensions | 62 | €32,101 | €38,879 | +€6,778 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,617 | €32,523 | +€2,907 | +9.8% |
| Other operating charges | 640/8 | €7,367 | €10,453 | +€3,086 | +41.9% |
| Gross operating margin | 9900 | €166,378 | €224,167 | +€57,789 | +34.7% |
| Operating profit (loss) | 9901 | €97,293 | €142,312 | +€45,019 | +46.3% |
| Financial charges | 65/66B | €6,720 | €10,955 | +€4,235 | +63.0% |
| Recurring financial charges | 65 | €6,720 | €10,955 | +€4,235 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | €90,573 | €131,357 | +€40,785 | +45.0% |
| Income taxes | 67/77 | €3,916 | €3,350 | -€566 | -14.5% |
| Profit (loss) for the period | 9904 | €86,657 | €128,008 | +€41,350 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,657 | €128,008 | +€41,350 | +47.7% |
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 5 October 2026 via checked.be.