PROFILEC: 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.
PROFILEC
Largest movements
- Stocks and contracts -€684,377
down €684,377 (-29.5%), from €2.3m to €1.6m
- Receivables after one year +€105,442
up €105,442 (+78.1%), from €135,090 to €240,532
- Receivables within one year -€96,551
down €96,551 (-23.5%), from €410,461 to €313,910
of which Trade receivables: -€103,378
- Tangible fixed assets -€46,786
down €46,786 (-32.7%), from €143,027 to €96,240
of which Furniture and vehicles: -€26,384
- Cash +€46,541
up €46,541 (+7.9%), from €588,423 to €634,964
mainly Stocks and contracts (+€684,377) and Debts after one year (+€336,823)
- Trade debts -€541,049
down €541,049 (-36.0%), from €1.5m to €963,938
- Tax, wage and social debts -€427,900
down €427,900 (-61.5%), from €695,248 to €267,348
of which Taxes: -€302,000
- Debts after one year +€336,823
up €336,823 (+452.4%), from €74,459 to €411,282
of which Trade debts: +€371,911
- Reserves -€44,803
down €44,803 (-8.2%), from €546,303 to €501,500
of which Distributable reserves: -€44,803
- Profit (loss) carried forward -€38,262
new in 2025: -€38,262
- Gross operating margin -€139,524
down €139,524 (-16.2%), from €859,646 to €720,122
- Write-downs -€89,094
down €89,094, from €24,299 to -€64,796
- Financial charges -€30,601
down €30,601 (-20.6%), from €148,545 to €117,944
of which Non-recurring financial charges: -€45,544
- Staff costs +€21,472
up €21,472 (+3.2%), from €676,974 to €698,447
- Depreciation +€12,720
up €12,720 (+17.3%), from €73,616 to €86,337
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 | €3,729,795 | €3,017,581 | -€712,214 | -19.1% |
| Fixed assets | 21/28 | €246,007 | €160,800 | -€85,208 | -34.6% |
| Intangible fixed assets | 21 | €101,989 | €63,568 | -€38,421 | -37.7% |
| Tangible fixed assets | 22/27 | €143,027 | €96,240 | -€46,786 | -32.7% |
| Plant, machinery and equipment | 23 | €14,012 | €8,851 | -€5,162 | -36.8% |
| Furniture and vehicles | 24 | €64,651 | €38,267 | -€26,384 | -40.8% |
| Other tangible fixed assets | 26 | €64,363 | €49,123 | -€15,240 | -23.7% |
| Financial fixed assets | 28 | €992 | €992 | = | 0.0% |
| Current assets | 29/58 | €3,483,788 | €2,856,781 | -€627,006 | -18.0% |
| Amounts receivable after more than one year | 29 | €135,090 | €240,532 | +€105,442 | +78.1% |
| Other amounts receivable | 291 | €135,090 | €240,532 | +€105,442 | +78.1% |
| Stocks and contracts in progress | 3 | €2,322,425 | €1,638,049 | -€684,377 | -29.5% |
| Stocks | 30/36 | €2,322,425 | €1,638,049 | -€684,377 | -29.5% |
| Amounts receivable within one year | 40/41 | €410,461 | €313,910 | -€96,551 | -23.5% |
| Trade receivables | 40 | €355,577 | €252,199 | -€103,378 | -29.1% |
| Other amounts receivable | 41 | €54,884 | €61,711 | +€6,827 | +12.4% |
| Cash at bank and in hand | 54/58 | €588,423 | €634,964 | +€46,541 | +7.9% |
| Deferred charges and accrued income | 490/1 | €27,388 | €29,327 | +€1,939 | +7.1% |
| Total equity and liabilities | 10/49 | €3,729,795 | €3,017,581 | -€712,214 | -19.1% |
| Equity | 10/15 | €596,303 | €513,238 | -€83,065 | -13.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €546,303 | €501,500 | -€44,803 | -8.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €546,303 | €501,500 | -€44,803 | -8.2% |
| Profit (loss) carried forward | 14 | - | -€38,262 | -€38,262 | |
| Amounts payable | 17/49 | €3,133,492 | €2,504,343 | -€629,149 | -20.1% |
| Amounts payable after more than one year | 17 | €74,459 | €411,282 | +€336,823 | +452.4% |
| Financial debts | 170/4 | €74,459 | €23,275 | -€51,184 | -68.7% |
| Trade debts | 175 | - | €371,911 | +€371,911 | |
| Other amounts payable | 178/9 | - | €16,095 | +€16,095 | |
| Amounts payable within one year | 42/48 | €3,035,775 | €2,083,557 | -€952,219 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €57,552 | €73,604 | +€16,052 | +27.9% |
| Financial debts | 43 | €751,332 | €750,000 | -€1,332 | -0.2% |
| Credit institutions | 430/8 | €751,332 | €750,000 | -€1,332 | -0.2% |
| Trade debts | 44 | €1,504,987 | €963,938 | -€541,049 | -36.0% |
| Suppliers | 440/4 | €1,504,987 | €963,938 | -€541,049 | -36.0% |
| Advances received on contracts in progress | 46 | €17,825 | €28,667 | +€10,842 | +60.8% |
| Taxes, remuneration and social security | 45 | €695,248 | €267,348 | -€427,900 | -61.5% |
| Taxes | 450/3 | €467,510 | €165,510 | -€302,000 | -64.6% |
| Remuneration and social security | 454/9 | €227,739 | €101,838 | -€125,900 | -55.3% |
| Other amounts payable | 47/48 | €8,832 | €0 | -€8,832 | -100.0% |
| Accrued charges and deferred income | 492/3 | €23,258 | €9,504 | -€13,753 | -59.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €676,974 | €698,447 | +€21,472 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,616 | €86,337 | +€12,720 | +17.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,299 | -€64,796 | -€89,094 | |
| Other operating charges | 640/8 | €5,233 | €6,592 | +€1,359 | +26.0% |
| Non-recurring operating charges | 66A | €8,746 | €0 | -€8,746 | -100.0% |
| Gross operating margin | 9900 | €859,646 | €720,122 | -€139,524 | -16.2% |
| Operating profit (loss) | 9901 | €70,778 | -€6,457 | -€77,235 | |
| Financial income | 75/76B | €41,384 | €42,382 | +€999 | +2.4% |
| Recurring financial income | 75 | €41,384 | €42,382 | +€999 | +2.4% |
| Financial charges | 65/66B | €148,545 | €117,944 | -€30,601 | -20.6% |
| Recurring financial charges | 65 | €60,624 | €75,567 | +€14,942 | +24.6% |
| Non-recurring financial charges | 66B | €87,921 | €42,377 | -€45,544 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | -€36,383 | -€82,019 | -€45,636 | -125.4% |
| Income taxes | 67/77 | €11,628 | €1,046 | -€10,582 | -91.0% |
| Profit (loss) for the period | 9904 | -€48,011 | -€83,065 | -€35,053 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,011 | -€83,065 | -€35,053 | -73.0% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.