PROFIMAX: 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.
What changed
PROFIMAX
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€64,525
2024 · €135,395-€199,919
Equity
€403,436
2024 · €467,961-€64,525
Cash
€5,745
2024 · €12,979-€7,234
Balance sheet total
€2.3m
2024 · €1.2m+€1.1m
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+105.2%), from €1.1m to €2.2m
of which Land and buildings: +€951,599
Equity and liabilities
- Debts after one year +€624,777
up €624,777 (+112.9%), from €553,214 to €1.2m
- Other debts +€502,940
up €502,940 (+387.1%), from €129,938 to €632,878
- Profit (loss) carried forward -€64,525
down €64,525, from €2,090 to -€62,435
- Current portion of long-term debt +€50,041
up €50,041 (+108.7%), from €46,015 to €96,056
Income statement
- Gross operating margin -€85,028
down €85,028 (-28.6%), from €296,967 to €211,939
- Taxes -€60,357
down €60,357 (-100.0%), from €60,357 to €0
- Depreciation +€47,675
up €47,675 (+110.8%), from €43,033 to €90,708
- Financial charges +€44,910
up €44,910 (+207.3%), from €21,662 to €66,572
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
€135,395
Gross operating margin
-€85,028
Depreciation
-€47,675
Other operating charges
+€2,711
Other operating items
-€86,004
Financial income
+€630
Financial charges
-€44,910
Taxes
+€60,357
Result 2025
-€64,525
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.
From operations
+€544,622
Investment
-€1.2m
Financing
+€676,271
Cash 2024
€12,979
From operations (derived)
+€544,622
Net result for the year
-€64,525
Depreciation
+€90,708
Stocks and contracts
-€4,959
Receivables within one year
+€14,588
Deferred charges and accrued income
+€11,177
Trade debts
+€1,676
Tax, wage and social debts
-€11,792
Other debts
+€502,940
Accrued charges and deferred income
+€4,808
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€676,271
Debts after one year
+€624,777
Current portion of long-term debt
+€50,041
Short-term financial debts
+€1,452
Cash 2025
€5,745
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,236,915 | €2,346,293 | +€1.1m | +89.7% |
| Fixed assets | 21/28 | €1,081,252 | €2,218,671 | +€1.1m | +105.2% |
| Tangible fixed assets | 22/27 | €1,081,252 | €2,218,671 | +€1.1m | +105.2% |
| Land and buildings | 22 | €1,075,321 | €2,026,920 | +€951,599 | +88.5% |
| Plant, machinery and equipment | 23 | - | €8,821 | +€8,821 | |
| Furniture and vehicles | 24 | €5,931 | €182,930 | +€176,999 | +2984.3% |
| Current assets | 29/58 | €155,662 | €127,622 | -€28,041 | -18.0% |
| Stocks and contracts in progress | 3 | - | €4,959 | +€4,959 | |
| Stocks | 30/36 | - | €4,959 | +€4,959 | |
| Amounts receivable within one year | 40/41 | €108,130 | €93,542 | -€14,588 | -13.5% |
| Trade receivables | 40 | €88,062 | €41,520 | -€46,542 | -52.9% |
| Other amounts receivable | 41 | €20,069 | €52,022 | +€31,953 | +159.2% |
| Cash at bank and in hand | 54/58 | €12,979 | €5,745 | -€7,234 | -55.7% |
| Deferred charges and accrued income | 490/1 | €34,553 | €23,376 | -€11,177 | -32.3% |
| Total equity and liabilities | 10/49 | €1,236,915 | €2,346,293 | +€1.1m | +89.7% |
| Equity | 10/15 | €467,961 | €403,436 | -€64,525 | -13.8% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Reserves | 13 | €300,871 | €300,871 | = | 0.0% |
| Distributable reserves | 133 | €300,871 | €300,871 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,090 | -€62,435 | -€64,525 | |
| Amounts payable | 17/49 | €768,954 | €1,942,857 | +€1.2m | +152.7% |
| Amounts payable after more than one year | 17 | €553,214 | €1,177,991 | +€624,777 | +112.9% |
| Financial debts | 170/4 | €553,214 | €1,177,991 | +€624,777 | +112.9% |
| Amounts payable within one year | 42/48 | €206,650 | €750,967 | +€544,317 | +263.4% |
| Current portion of amounts payable after more than one year | 42 | €46,015 | €96,056 | +€50,041 | +108.7% |
| Financial debts | 43 | €4,694 | €6,146 | +€1,452 | +30.9% |
| Credit institutions | 430/8 | €4,694 | €6,146 | +€1,452 | +30.9% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €9,115 | €10,791 | +€1,676 | +18.4% |
| Suppliers | 440/4 | €9,115 | €10,791 | +€1,676 | +18.4% |
| Taxes, remuneration and social security | 45 | €16,888 | €5,096 | -€11,792 | -69.8% |
| Taxes | 450/3 | €16,888 | €5,096 | -€11,792 | -69.8% |
| Other amounts payable | 47/48 | €129,938 | €632,878 | +€502,940 | +387.1% |
| Accrued charges and deferred income | 492/3 | €9,090 | €13,899 | +€4,808 | +52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,033 | €90,708 | +€47,675 | +110.8% |
| Other operating charges | 640/8 | €10,002 | €7,290 | -€2,711 | -27.1% |
| Non-recurring operating charges | 66A | €26,796 | €112,800 | +€86,004 | +321.0% |
| Gross operating margin | 9900 | €296,967 | €211,939 | -€85,028 | -28.6% |
| Operating profit (loss) | 9901 | €217,136 | €1,140 | -€215,996 | -99.5% |
| Financial income | 75/76B | €278 | €908 | +€630 | +227.0% |
| Recurring financial income | 75 | €278 | €908 | +€630 | +227.0% |
| Financial charges | 65/66B | €21,662 | €66,572 | +€44,910 | +207.3% |
| Recurring financial charges | 65 | €21,662 | €66,572 | +€44,910 | +207.3% |
| Profit (loss) for the period before taxes | 9903 | €195,752 | -€64,525 | -€260,276 | |
| Income taxes | 67/77 | €60,357 | €0 | -€60,357 | -100.0% |
| Profit (loss) for the period | 9904 | €135,395 | -€64,525 | -€199,919 | |
| Profit (loss) for the period to be appropriated | 9905 | €135,395 | -€64,525 | -€199,919 |
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 8 October 2026 via checked.be.