PROFIMAT: 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.
PROFIMAT
Largest movements
- Current investments -€3.3m
down €3.3m (-45.8%), from €7.2m to €3.9m
- Financial fixed assets -€3.3m
down €3.3m (-94.9%), from €3.4m to €175,000
- Receivables within one year +€3.1m
up €3.1m (+715%), from €428,373 to €3.5m
of which Other amounts receivable: +€3.1m
- Receivables after one year -€1.1m
no longer reported in 2025 (was €1.1m)
- Cash -€577,035
down €577,035 (-93.6%), from €616,491 to €39,456
mainly Other debts (-€6.4m) and Receivables within one year (-€3.1m)
- Other debts -€6.4m
down €6.4m (-83.9%), from €7.6m to €1.2m
- Profit (loss) carried forward +€1.2m
up €1.2m (+40.8%), from €3.0m to €4.2m
- Financial income +€2.6m
up €2.6m (+1,056%), from €250,119 to €2.9m
of which Non-recurring financial income: +€2.8m
- Financial charges +€1.7m
up €1.7m (+98,901%), from €1,753 to €1.7m
of which Non-recurring financial charges: +€1.7m
- Taxes +€26,486
up €26,486 (+264,066%), from €10 to €26,496
- Purchases and services -€4,957
down €4,957 (-5.9%), from €83,989 to €79,032
- Gross operating margin +€2,137
up €2,137 (+2.1%), from €100,251 to €102,388
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,726,205 | €7,586,985 | -€5.1m | -40.4% |
| Fixed assets | 21/28 | €3,443,101 | €180,428 | -€3.3m | -94.8% |
| Tangible fixed assets | 22/27 | €8,101 | €5,428 | -€2,673 | -33.0% |
| Furniture and vehicles | 24 | €8,101 | €5,428 | -€2,673 | -33.0% |
| Financial fixed assets | 28 | €3,435,000 | €175,000 | -€3.3m | -94.9% |
| Current assets | 29/58 | €9,283,105 | €7,406,557 | -€1.9m | -20.2% |
| Amounts receivable after more than one year | 29 | €1,062,690 | - | -€1.1m | |
| Other amounts receivable | 291 | €1,062,690 | - | -€1.1m | |
| Amounts receivable within one year | 40/41 | €428,373 | €3,489,604 | +€3.1m | +715% |
| Trade receivables | 40 | €45,150 | €46,197 | +€1,047 | +2.3% |
| Other amounts receivable | 41 | €383,223 | €3,443,407 | +€3.1m | +799% |
| Current investments | 50/53 | €7,160,000 | €3,877,272 | -€3.3m | -45.8% |
| Cash at bank and in hand | 54/58 | €616,491 | €39,456 | -€577,035 | -93.6% |
| Deferred charges and accrued income | 490/1 | €15,550 | €225 | -€15,325 | -98.6% |
| Total equity and liabilities | 10/49 | €12,726,205 | €7,586,985 | -€5.1m | -40.4% |
| Equity | 10/15 | €5,124,089 | €6,353,153 | +€1.2m | +24.0% |
| Contributions | 10/11 | €1,463,013 | €1,463,013 | = | 0.0% |
| Reserves | 13 | €645,579 | €645,579 | = | 0.0% |
| Non-distributable reserves | 130/1 | €145,681 | €145,681 | = | 0.0% |
| Reserves not available under the articles | 1311 | €145,681 | €145,681 | = | 0.0% |
| Distributable reserves | 133 | €499,898 | €499,898 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,015,497 | €4,244,561 | +€1.2m | +40.8% |
| Amounts payable | 17/49 | €7,602,117 | €1,233,832 | -€6.4m | -83.8% |
| Amounts payable within one year | 42/48 | €7,601,987 | €1,233,454 | -€6.4m | -83.8% |
| Trade debts | 44 | €5,490 | €7,541 | +€2,052 | +37.4% |
| Suppliers | 440/4 | €5,490 | €7,541 | +€2,052 | +37.4% |
| Taxes, remuneration and social security | 45 | €193 | €2,041 | +€1,848 | +957% |
| Taxes | 450/3 | €193 | €2,041 | +€1,848 | +957% |
| Other amounts payable | 47/48 | €7,596,304 | €1,223,872 | -€6.4m | -83.9% |
| Accrued charges and deferred income | 492/3 | €130 | €377 | +€248 | +191% |
| Turnover | 70 | €179,377 | €181,420 | +€2,043 | +1.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €83,989 | €79,032 | -€4,957 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,080 | €2,319 | +€239 | +11.5% |
| Other operating charges | 640/8 | €1,151 | €1,496 | +€346 | +30.0% |
| Gross operating margin | 9900 | €100,251 | €102,388 | +€2,137 | +2.1% |
| Operating profit (loss) | 9901 | €97,020 | €98,573 | +€1,553 | +1.6% |
| Financial income | 75/76B | €250,119 | €2,892,110 | +€2.6m | +1,056% |
| Recurring financial income | 75 | €250,119 | €100,693 | -€149,426 | -59.7% |
| Non-recurring financial income | 76B | - | €2,791,417 | +€2.8m | |
| Financial charges | 65/66B | €1,753 | €1,735,122 | +€1.7m | +98,901% |
| Recurring financial charges | 65 | €1,753 | €42,757 | +€41,004 | +2,340% |
| Non-recurring financial charges | 66B | - | €1,692,366 | +€1.7m | |
| Profit (loss) for the period before taxes | 9903 | €345,387 | €1,255,561 | +€910,174 | +264% |
| Income taxes | 67/77 | €10 | €26,496 | +€26,486 | +264,066% |
| Profit (loss) for the period | 9904 | €345,377 | €1,229,065 | +€883,688 | +256% |
| Profit (loss) for the period to be appropriated | 9905 | €345,377 | €1,229,065 | +€883,688 | +256% |
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.