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
- Receivables after one year +€9,851
up €9,851 (+21.4%), from €45,964 to €55,815
- Stocks and contracts +€9,000
up €9,000 (+150.0%), from €6,000 to €15,000
- Tangible fixed assets -€5,578
down €5,578 (-1.9%), from €295,839 to €290,261
of which Plant, machinery and equipment: -€5,578
- Debts after one year +€29,000
up €29,000 (+43.8%), from €66,198 to €95,198
- Profit (loss) carried forward -€27,979
down €27,979 (-26.9%), from €104,172 to €76,194
- Short-term financial debts +€8,141
up €8,141 (+7.2%), from €113,770 to €121,911
- Current portion of long-term debt +€5,040
up €5,040 (+25.1%), from €20,078 to €25,118
- Gross operating margin -€52,193
down €52,193 (-92.5%), from €56,455 to €4,261
- Staff costs -€25,113
down €25,113 (-73.4%), from €34,237 to €9,123
- Depreciation +€2,547
up €2,547 (+61.8%), from €4,122 to €6,669
- Financial charges +€2,354
up €2,354 (+22.0%), from €10,717 to €13,070
- Financial income +€2,211
up €2,211 (+152.3%), from €1,451 to €3,662
of which Financial income: +€2,711
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €367,795 | €380,051 | +€12,257 | +3.3% |
| Fixed assets | 21/28 | €298,811 | €292,141 | -€6,669 | -2.2% |
| Intangible fixed assets | 21 | €2,971 | €1,881 | -€1,091 | -36.7% |
| Tangible fixed assets | 22/27 | €295,839 | €290,261 | -€5,578 | -1.9% |
| Land and buildings | 22 | €276,660 | €276,660 | = | 0.0% |
| Plant, machinery and equipment | 23 | €19,179 | €13,601 | -€5,578 | -29.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €68,984 | €87,910 | +€18,926 | +27.4% |
| Amounts receivable after more than one year | 29 | €45,964 | €55,815 | +€9,851 | +21.4% |
| Other amounts receivable | 291 | €45,964 | €55,815 | +€9,851 | +21.4% |
| Stocks and contracts in progress | 3 | €6,000 | €15,000 | +€9,000 | +150.0% |
| Contracts in progress | 37 | €6,000 | €15,000 | +€9,000 | +150.0% |
| Amounts receivable within one year | 40/41 | €10,796 | €11,954 | +€1,158 | +10.7% |
| Trade receivables | 40 | €10,796 | €10,967 | +€171 | +1.6% |
| Other amounts receivable | 41 | - | €987 | +€987 | |
| Current investments | 50/53 | €558 | €547 | -€11 | -2.0% |
| Deferred charges and accrued income | 490/1 | €5,666 | €4,594 | -€1,072 | -18.9% |
| Total equity and liabilities | 10/49 | €367,795 | €380,051 | +€12,257 | +3.3% |
| Equity | 10/15 | €134,415 | €106,436 | -€27,979 | -20.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €11,243 | €11,243 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €11,243 | €11,243 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,172 | €76,194 | -€27,979 | -26.9% |
| Amounts payable | 17/49 | €233,379 | €273,615 | +€40,235 | +17.2% |
| Amounts payable after more than one year | 17 | €66,198 | €95,198 | +€29,000 | +43.8% |
| Financial debts | 170/4 | €66,198 | €95,198 | +€29,000 | +43.8% |
| Amounts payable within one year | 42/48 | €167,181 | €176,827 | +€9,646 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €20,078 | €25,118 | +€5,040 | +25.1% |
| Financial debts | 43 | €113,770 | €121,911 | +€8,141 | +7.2% |
| Credit institutions | 430/8 | €113,770 | €121,911 | +€8,141 | +7.2% |
| Trade debts | 44 | €19,124 | €18,881 | -€242 | -1.3% |
| Suppliers | 440/4 | €19,124 | €18,881 | -€242 | -1.3% |
| Taxes, remuneration and social security | 45 | €14,210 | €10,917 | -€3,292 | -23.2% |
| Taxes | 450/3 | €12,357 | €9,894 | -€2,462 | -19.9% |
| Remuneration and social security | 454/9 | €1,853 | €1,023 | -€830 | -44.8% |
| Accrued charges and deferred income | 492/3 | €0 | €1,589 | +€1,589 | |
| Remuneration, social security and pensions | 62 | €34,237 | €9,123 | -€25,113 | -73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,122 | €6,669 | +€2,547 | +61.8% |
| Other operating charges | 640/8 | €8,278 | €6,565 | -€1,713 | -20.7% |
| Gross operating margin | 9900 | €56,455 | €4,261 | -€52,193 | -92.5% |
| Operating profit (loss) | 9901 | €9,818 | -€18,096 | -€27,914 | |
| Financial income | 75/76B | €1,451 | €3,662 | +€2,211 | +152.3% |
| Recurring financial income | 75 | €951 | €3,662 | +€2,711 | +285.0% |
| Non-recurring financial income | 76B | €500 | - | -€500 | |
| Financial charges | 65/66B | €10,717 | €13,070 | +€2,354 | +22.0% |
| Recurring financial charges | 65 | €10,717 | €13,070 | +€2,354 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €552 | -€27,505 | -€28,057 | |
| Income taxes | 67/77 | €475 | €474 | -€1 | -0.2% |
| Profit (loss) for the period | 9904 | €77 | -€27,979 | -€28,056 | |
| Profit (loss) for the period to be appropriated | 9905 | €77 | -€27,979 | -€28,056 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.