PROFILEO: 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.
PROFILEO
Largest movements
- Cash +€22,434
up €22,434 (+162.2%), from €13,832 to €36,266
mainly Net result for the year (+€33,872) and Tax, wage and social debts (+€18,640)
- Stocks and contracts -€7,060
down €7,060 (-22.9%), from €30,854 to €23,794
- Tangible fixed assets -€1,272
down €1,272 (-20.5%), from €6,204 to €4,932
of which Plant, machinery and equipment: -€1,051
- Profit (loss) carried forward +€33,872
up €33,872 (+358.9%), from €9,439 to €43,311
- Tax, wage and social debts +€18,640
up €18,640 (+165.9%), from €11,235 to €29,875
of which Taxes: +€18,052
- Advances received -€14,457
no longer reported in 2025 (was €14,457)
- Trade debts -€12,984
down €12,984 (-38.6%), from €33,631 to €20,647
- Other debts -€9,543
down €9,543 (-95.8%), from €9,960 to €417
- Gross operating margin +€67,442
up €67,442 (+1096.5%), from €6,151 to €73,593
- Staff costs +€18,315
new in 2025: €18,315
- Taxes +€13,348
new in 2025: €13,348
- Other operating charges -€2,093
down €2,093 (-61.6%), from €3,398 to €1,305
- Depreciation +€1,268
up €1,268 (+58.5%), from €2,168 to €3,436
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 | €95,972 | €110,253 | +€14,280 | +14.9% |
| Fixed assets | 21/28 | €6,204 | €4,932 | -€1,272 | -20.5% |
| Tangible fixed assets | 22/27 | €6,204 | €4,932 | -€1,272 | -20.5% |
| Plant, machinery and equipment | 23 | €5,564 | €4,512 | -€1,051 | -18.9% |
| Furniture and vehicles | 24 | €641 | €420 | -€221 | -34.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €89,768 | €105,320 | +€15,553 | +17.3% |
| Stocks and contracts in progress | 3 | €30,854 | €23,794 | -€7,060 | -22.9% |
| Stocks | 30/36 | €30,854 | €23,794 | -€7,060 | -22.9% |
| Amounts receivable within one year | 40/41 | €45,075 | €44,805 | -€270 | -0.6% |
| Trade receivables | 40 | €43,820 | €44,805 | +€985 | +2.2% |
| Other amounts receivable | 41 | €1,255 | - | -€1,255 | |
| Cash at bank and in hand | 54/58 | €13,832 | €36,266 | +€22,434 | +162.2% |
| Deferred charges and accrued income | 490/1 | €7 | €455 | +€448 | +6430.0% |
| Total equity and liabilities | 10/49 | €95,972 | €110,253 | +€14,280 | +14.9% |
| Equity | 10/15 | €23,439 | €57,311 | +€33,872 | +144.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,439 | €43,311 | +€33,872 | +358.9% |
| Amounts payable | 17/49 | €72,533 | €52,942 | -€19,592 | -27.0% |
| Amounts payable after more than one year | 17 | €2,002 | €685 | -€1,317 | -65.8% |
| Financial debts | 170/4 | €2,002 | €685 | -€1,317 | -65.8% |
| Amounts payable within one year | 42/48 | €70,531 | €52,256 | -€18,275 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €1,248 | €1,317 | +€69 | +5.5% |
| Trade debts | 44 | €33,631 | €20,647 | -€12,984 | -38.6% |
| Suppliers | 440/4 | €33,631 | €20,647 | -€12,984 | -38.6% |
| Advances received on contracts in progress | 46 | €14,457 | - | -€14,457 | |
| Taxes, remuneration and social security | 45 | €11,235 | €29,875 | +€18,640 | +165.9% |
| Taxes | 450/3 | €11,235 | €29,287 | +€18,052 | +160.7% |
| Remuneration and social security | 454/9 | - | €588 | +€588 | |
| Other amounts payable | 47/48 | €9,960 | €417 | -€9,543 | -95.8% |
| Remuneration, social security and pensions | 62 | - | €18,315 | +€18,315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,168 | €3,436 | +€1,268 | +58.5% |
| Other operating charges | 640/8 | €3,398 | €1,305 | -€2,093 | -61.6% |
| Non-recurring operating charges | 66A | €3,667 | - | -€3,667 | |
| Gross operating margin | 9900 | €6,151 | €73,593 | +€67,442 | +1096.5% |
| Operating profit (loss) | 9901 | -€3,083 | €50,537 | +€53,620 | |
| Financial income | 75/76B | €1,008 | - | -€1,008 | |
| Recurring financial income | 75 | €1,008 | - | -€1,008 | |
| Financial charges | 65/66B | €2,391 | €3,317 | +€926 | +38.7% |
| Recurring financial charges | 65 | €2,391 | €3,317 | +€926 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,466 | €47,220 | +€51,686 | |
| Income taxes | 67/77 | - | €13,348 | +€13,348 | |
| Profit (loss) for the period | 9904 | -€4,466 | €33,872 | +€38,338 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,466 | €33,872 | +€38,338 |
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 7 October 2026 via checked.be.