PROFILO: 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.
PROFILO
Largest movements
- Receivables within one year -€220,825
down €220,825 (-49.6%), from €445,421 to €224,596
of which Trade receivables: -€273,074
- Stocks and contracts -€219,008
down €219,008 (-73.8%), from €296,889 to €77,880
- Cash +€46,490
up €46,490 (+180.2%), from €25,794 to €72,284
mainly Receivables within one year (+€220,825) and Stocks and contracts (+€219,008)
- Tangible fixed assets +€25,292
up €25,292 (+128.1%), from €19,743 to €45,034
of which Furniture and vehicles: +€31,222
- Other debts -€342,132
down €342,132 (-89.1%), from €383,985 to €41,853
- Trade debts -€170,180
down €170,180 (-79.3%), from €214,729 to €44,548
- Advances received +€72,345
new in 2024: €72,345
- Tax, wage and social debts +€38,038
up €38,038 (+95.5%), from €39,823 to €77,860
of which Taxes: +€41,843
- Profit (loss) carried forward +€32,443
up €32,443 (+154.6%), from €20,985 to €53,429
- Taxes +€25,531
up €25,531 (+194.1%), from €13,156 to €38,687
- Staff costs -€12,279
down €12,279 (-47.4%), from €25,912 to €13,633
- Gross operating margin +€8,485
up €8,485 (+9.7%), from €87,801 to €96,286
- Financial income +€7,913
up €7,913 (+1303.1%), from €607 to €8,521
of which Non-recurring financial income: +€8,491
- Other operating charges -€2,156
down €2,156 (-36.8%), from €5,859 to €3,703
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €790,751 | €419,795 | -€370,955 | -46.9% |
| Fixed assets | 21/28 | €19,743 | €45,034 | +€25,292 | +128.1% |
| Tangible fixed assets | 22/27 | €19,743 | €45,034 | +€25,292 | +128.1% |
| Plant, machinery and equipment | 23 | €5,507 | €15 | -€5,492 | -99.7% |
| Furniture and vehicles | 24 | €13,358 | €44,580 | +€31,222 | +233.7% |
| Other tangible fixed assets | 26 | €878 | €439 | -€439 | -50.0% |
| Current assets | 29/58 | €771,008 | €374,761 | -€396,247 | -51.4% |
| Stocks and contracts in progress | 3 | €296,889 | €77,880 | -€219,008 | -73.8% |
| Stocks | 30/36 | €296,889 | €77,880 | -€219,008 | -73.8% |
| Amounts receivable within one year | 40/41 | €445,421 | €224,596 | -€220,825 | -49.6% |
| Trade receivables | 40 | €445,421 | €172,347 | -€273,074 | -61.3% |
| Other amounts receivable | 41 | - | €52,250 | +€52,250 | |
| Cash at bank and in hand | 54/58 | €25,794 | €72,284 | +€46,490 | +180.2% |
| Deferred charges and accrued income | 490/1 | €2,904 | - | -€2,904 | |
| Total equity and liabilities | 10/49 | €790,751 | €419,795 | -€370,955 | -46.9% |
| Equity | 10/15 | €150,746 | €183,189 | +€32,443 | +21.5% |
| Contributions | 10/11 | €119,000 | €119,000 | = | 0.0% |
| Reserves | 13 | €10,760 | €10,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,860 | €8,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,985 | €53,429 | +€32,443 | +154.6% |
| Amounts payable | 17/49 | €640,005 | €236,607 | -€403,399 | -63.0% |
| Amounts payable within one year | 42/48 | €640,005 | €236,607 | -€403,399 | -63.0% |
| Current portion of amounts payable after more than one year | 42 | €1,469 | - | -€1,469 | |
| Trade debts | 44 | €214,729 | €44,548 | -€170,180 | -79.3% |
| Suppliers | 440/4 | €214,729 | €44,548 | -€170,180 | -79.3% |
| Advances received on contracts in progress | 46 | - | €72,345 | +€72,345 | |
| Taxes, remuneration and social security | 45 | €39,823 | €77,860 | +€38,038 | +95.5% |
| Taxes | 450/3 | €36,017 | €77,860 | +€41,843 | +116.2% |
| Remuneration and social security | 454/9 | €3,806 | - | -€3,806 | |
| Other amounts payable | 47/48 | €383,985 | €41,853 | -€342,132 | -89.1% |
| Remuneration, social security and pensions | 62 | €25,912 | €13,633 | -€12,279 | -47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,552 | €11,146 | +€1,594 | +16.7% |
| Other operating charges | 640/8 | €5,859 | €3,703 | -€2,156 | -36.8% |
| Non-recurring operating charges | 66A | - | €3,375 | +€3,375 | |
| Gross operating margin | 9900 | €87,801 | €96,286 | +€8,485 | +9.7% |
| Operating profit (loss) | 9901 | €46,477 | €64,429 | +€17,952 | +38.6% |
| Financial income | 75/76B | €607 | €8,521 | +€7,913 | +1303.1% |
| Recurring financial income | 75 | €607 | €29 | -€578 | -95.2% |
| Non-recurring financial income | 76B | - | €8,491 | +€8,491 | |
| Financial charges | 65/66B | €1,679 | €1,820 | +€141 | +8.4% |
| Recurring financial charges | 65 | €1,679 | €1,820 | +€141 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €45,406 | €71,130 | +€25,724 | +56.7% |
| Income taxes | 67/77 | €13,156 | €38,687 | +€25,531 | +194.1% |
| Profit (loss) for the period | 9904 | €32,250 | €32,443 | +€193 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,250 | €32,443 | +€193 | +0.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.