PROFINANCE: 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.
PROFINANCE
Largest movements
- Receivables within one year +€4.0m
up €4.0m (+302.2%), from €1.3m to €5.4m
of which Other amounts receivable: +€4.0m
- Financial fixed assets -€2.6m
down €2.6m (-40.9%), from €6.4m to €3.8m
- Tangible fixed assets +€233,126
up €233,126 (+27.7%), from €840,588 to €1.1m
of which Land and buildings: +€214,908
- Cash -€185,392
down €185,392 (-69.2%), from €267,793 to €82,400
mainly Receivables within one year (-€4.0m) and Debts after one year (-€93,936)
- Current investments -€156,616
down €156,616 (-38.5%), from €406,930 to €250,314
- Reserves +€1.3m
up €1.3m (+15.3%), from €8.8m to €10.1m
of which Distributable reserves: +€1.2m
- Financial income +€1.0m
up €1.0m (+233.6%), from €429,919 to €1.4m
of which Non-recurring financial income: +€1.1m
- Gross operating margin +€92,514
up €92,514 (+54.2%), from €170,786 to €263,300
- Financial charges +€41,245
up €41,245 (+57.5%), from €71,714 to €112,959
- Turnover -€29,981
down €29,981 (-7.8%), from €383,496 to €353,515
- Purchases and services +€22,058
up €22,058 (+10.4%), from €212,962 to €235,021
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 | €9,273,680 | €10,569,024 | +€1.3m | +14.0% |
| Fixed assets | 21/28 | €7,252,006 | €4,861,519 | -€2.4m | -33.0% |
| Tangible fixed assets | 22/27 | €840,588 | €1,073,714 | +€233,126 | +27.7% |
| Land and buildings | 22 | €840,588 | €1,055,496 | +€214,908 | +25.6% |
| Plant, machinery and equipment | 23 | - | €2,514 | +€2,514 | |
| Furniture and vehicles | 24 | - | €15,704 | +€15,704 | |
| Financial fixed assets | 28 | €6,411,418 | €3,787,805 | -€2.6m | -40.9% |
| Current assets | 29/58 | €2,021,674 | €5,707,505 | +€3.7m | +182.3% |
| Stocks and contracts in progress | 3 | €13,641 | €11,855 | -€1,786 | -13.1% |
| Stocks | 30/36 | €13,641 | €11,855 | -€1,786 | -13.1% |
| Amounts receivable within one year | 40/41 | €1,333,311 | €5,362,937 | +€4.0m | +302.2% |
| Trade receivables | 40 | €3,277 | €4,059 | +€782 | +23.9% |
| Other amounts receivable | 41 | €1,330,034 | €5,358,878 | +€4.0m | +302.9% |
| Current investments | 50/53 | €406,930 | €250,314 | -€156,616 | -38.5% |
| Cash at bank and in hand | 54/58 | €267,793 | €82,400 | -€185,392 | -69.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €9,273,680 | €10,569,024 | +€1.3m | +14.0% |
| Equity | 10/15 | €8,896,856 | €10,244,033 | +€1.3m | +15.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €8,796,856 | €10,144,033 | +€1.3m | +15.3% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €105,247 | +€105,247 | |
| Distributable reserves | 133 | €8,786,856 | €10,028,786 | +€1.2m | +14.1% |
| Provisions and deferred taxes | 16 | - | €35,082 | +€35,082 | |
| Deferred taxes | 168 | - | €35,082 | +€35,082 | |
| Amounts payable | 17/49 | €376,824 | €289,909 | -€86,914 | -23.1% |
| Amounts payable after more than one year | 17 | €348,000 | €254,064 | -€93,936 | -27.0% |
| Other amounts payable | 178/9 | €348,000 | €254,064 | -€93,936 | -27.0% |
| Amounts payable within one year | 42/48 | €22,824 | €29,845 | +€7,021 | +30.8% |
| Trade debts | 44 | €5,666 | €20,905 | +€15,239 | +268.9% |
| Suppliers | 440/4 | €5,666 | €20,905 | +€15,239 | +268.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €17,158 | €8,940 | -€8,217 | -47.9% |
| Taxes | 450/3 | €8,643 | €165 | -€8,478 | -98.1% |
| Remuneration and social security | 454/9 | €8,514 | €8,775 | +€261 | +3.1% |
| Accrued charges and deferred income | 492/3 | €6,000 | €6,000 | = | 0.0% |
| Turnover | 70 | €383,496 | €353,515 | -€29,981 | -7.8% |
| Non-recurring operating income | 76A | €0 | €142,427 | +€142,427 | |
| Goods, raw materials, services and sundry goods | 60/61 | €212,962 | €235,021 | +€22,058 | +10.4% |
| Remuneration, social security and pensions | 62 | €71,982 | €75,617 | +€3,636 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,457 | €102,597 | +€9,139 | +9.8% |
| Other operating charges | 640/8 | €9,511 | €22,343 | +€12,832 | +134.9% |
| Gross operating margin | 9900 | €170,786 | €263,300 | +€92,514 | +54.2% |
| Operating profit (loss) | 9901 | -€4,163 | €62,744 | +€66,907 | |
| Financial income | 75/76B | €429,919 | €1,434,214 | +€1.0m | +233.6% |
| Recurring financial income | 75 | €429,919 | €377,600 | -€52,319 | -12.2% |
| Non-recurring financial income | 76B | - | €1,056,615 | +€1.1m | |
| Financial charges | 65/66B | €71,714 | €112,959 | +€41,245 | +57.5% |
| Recurring financial charges | 65 | €71,714 | €112,959 | +€41,245 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | €354,041 | €1,383,999 | +€1.0m | +290.9% |
| Transfer from deferred taxes | 780 | - | €525 | +€525 | |
| Transfer to deferred taxes | 680 | - | €35,607 | +€35,607 | |
| Income taxes | 67/77 | €19,180 | €1,741 | -€17,439 | -90.9% |
| Profit (loss) for the period | 9904 | €334,861 | €1,347,176 | +€1.0m | +302.3% |
| Transfer from tax-exempt reserves | 789 | - | €1,574 | +€1,574 | |
| Transfer to tax-exempt reserves | 689 | - | €106,821 | +€106,821 | |
| Profit (loss) for the period to be appropriated | 9905 | €334,861 | €1,241,929 | +€907,068 | +270.9% |
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 2 October 2026 via checked.be.