PROFIFO: 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
PROFIFO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€67,526
2024 · €64,025-€131,552
Equity
€11.6m
2024 · €11.7m-€67,526
Cash
€91,913
2024 · €109,686-€17,774
Balance sheet total
€15.0m
2024 · €14.9m+€24,100
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves -€222,027
down €222,027 (-3.5%), from €6.4m to €6.1m
of which Tax-exempt reserves: -€230,158
- Other debts +€181,804
up €181,804 (+20.5%), from €885,269 to €1.1m
- Profit (loss) carried forward +€154,500
up €154,500 (+12.9%), from €1.2m to €1.4m
Income statement
- Gross operating margin -€117,792
down €117,792 (-10.7%), from €1.1m to €982,063
- Depreciation +€56,303
up €56,303 (+9.3%), from €602,616 to €658,919
- Taxes +€27,779
up €27,779 (+91.7%), from €30,290 to €58,069
- Write-downs -€16,640
no longer reported in 2025 (was €16,640)
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
€64,025
Gross operating margin
-€117,792
Depreciation
-€56,303
Write-downs
+€16,640
Other operating charges
-€2,330
Other operating items
+€62,098
Financial income
-€810
Financial charges
-€5,276
Taxes
-€27,779
Result 2025
-€67,526
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
+€712,005
Investment
-€730,560
Financing
+€781
Cash 2024
€109,686
From operations (derived)
+€712,005
Net result for the year
-€67,526
Depreciation
+€658,919
Receivables within one year
+€23,113
Deferred charges and accrued income
+€6,654
Provisions
-€76,719
Trade debts
+€11,500
Tax, wage and social debts
-€18,531
Other debts
+€181,804
Accrued charges and deferred income
-€7,210
Investment (derived)
-€730,560
Investment in fixed assets (net)
-€730,560
Financing
+€781
Debts after one year
+€781
Cash 2025
€91,913
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,932,413 | €14,956,513 | +€24,100 | +0.2% |
| Fixed assets | 21/28 | €14,231,842 | €14,303,483 | +€71,641 | +0.5% |
| Tangible fixed assets | 22/27 | €14,231,842 | €14,303,483 | +€71,641 | +0.5% |
| Land and buildings | 22 | €14,231,842 | €14,303,483 | +€71,641 | +0.5% |
| Current assets | 29/58 | €700,571 | €653,030 | -€47,541 | -6.8% |
| Amounts receivable within one year | 40/41 | €378,859 | €355,746 | -€23,113 | -6.1% |
| Trade receivables | 40 | €300,725 | €312,845 | +€12,120 | +4.0% |
| Other amounts receivable | 41 | €78,134 | €42,901 | -€35,234 | -45.1% |
| Cash at bank and in hand | 54/58 | €109,686 | €91,913 | -€17,774 | -16.2% |
| Deferred charges and accrued income | 490/1 | €212,026 | €205,372 | -€6,654 | -3.1% |
| Total equity and liabilities | 10/49 | €14,932,413 | €14,956,513 | +€24,100 | +0.2% |
| Equity | 10/15 | €11,708,118 | €11,640,592 | -€67,526 | -0.6% |
| Contributions | 10/11 | €4,160,890 | €4,160,890 | = | 0.0% |
| Capital | 10 | €4,160,890 | €4,160,890 | = | 0.0% |
| Issued capital | 100 | €4,160,890 | €4,160,890 | = | 0.0% |
| Reserves | 13 | €6,350,635 | €6,128,608 | -€222,027 | -3.5% |
| Non-distributable reserves | 130/1 | €219,615 | €227,747 | +€8,132 | +3.7% |
| Legal reserve | 130 | €219,615 | €227,747 | +€8,132 | +3.7% |
| Tax-exempt reserves | 132 | €6,131,020 | €5,900,862 | -€230,158 | -3.8% |
| Profit (loss) carried forward | 14 | €1,196,593 | €1,351,094 | +€154,500 | +12.9% |
| Provisions and deferred taxes | 16 | €2,043,673 | €1,966,954 | -€76,719 | -3.8% |
| Deferred taxes | 168 | €2,043,673 | €1,966,954 | -€76,719 | -3.8% |
| Amounts payable | 17/49 | €1,180,622 | €1,348,967 | +€168,345 | +14.3% |
| Amounts payable after more than one year | 17 | €32,708 | €33,489 | +€781 | +2.4% |
| Other amounts payable | 178/9 | €32,708 | €33,489 | +€781 | +2.4% |
| Amounts payable within one year | 42/48 | €928,312 | €1,103,086 | +€174,774 | +18.8% |
| Trade debts | 44 | €24,254 | €35,754 | +€11,500 | +47.4% |
| Suppliers | 440/4 | €24,254 | €35,754 | +€11,500 | +47.4% |
| Taxes, remuneration and social security | 45 | €18,789 | €259 | -€18,531 | -98.6% |
| Taxes | 450/3 | €18,789 | €259 | -€18,531 | -98.6% |
| Other amounts payable | 47/48 | €885,269 | €1,067,073 | +€181,804 | +20.5% |
| Accrued charges and deferred income | 492/3 | €219,602 | €212,393 | -€7,210 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €602,616 | €658,919 | +€56,303 | +9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,640 | - | -€16,640 | |
| Other operating charges | 640/8 | €357,134 | €359,464 | +€2,330 | +0.7% |
| Non-recurring operating charges | 66A | €62,098 | - | -€62,098 | |
| Gross operating margin | 9900 | €1,099,855 | €982,063 | -€117,792 | -10.7% |
| Operating profit (loss) | 9901 | €61,366 | -€36,320 | -€97,687 | |
| Financial income | 75/76B | €2,098 | €1,288 | -€810 | -38.6% |
| Recurring financial income | 75 | €2,098 | €1,288 | -€810 | -38.6% |
| Financial charges | 65/66B | €45,868 | €51,144 | +€5,276 | +11.5% |
| Recurring financial charges | 65 | €45,868 | €51,144 | +€5,276 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €17,596 | -€86,176 | -€103,773 | |
| Transfer from deferred taxes | 780 | €76,719 | €76,719 | = | 0.0% |
| Income taxes | 67/77 | €30,290 | €58,069 | +€27,779 | +91.7% |
| Profit (loss) for the period | 9904 | €64,025 | -€67,526 | -€131,552 | |
| Transfer from tax-exempt reserves | 789 | €230,158 | €230,158 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €294,184 | €162,632 | -€131,552 | -44.7% |
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 14 October 2026 via checked.be.