PROFINCO: 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
PROFINCO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€97,978
2024 · -€221,120+€123,143
Equity
€8.3m
2024 · €8.4m-€97,978
Cash
€866,596
2024 · €827,435+€39,161
Balance sheet total
€18.8m
2024 · €19.3m-€490,899
Largest movements
Assets
- Tangible fixed assets -€538,184
down €538,184 (-4.0%), from €13.4m to €12.9m
of which Land and buildings: -€509,111
Equity and liabilities
- Debts after one year -€418,191
down €418,191 (-5.2%), from €8.0m to €7.6m
Income statement
- Gross operating margin +€183,211
up €183,211 (+17.5%), from €1.0m to €1.2m
- Other operating charges +€24,758
up €24,758 (+17.8%), from €138,921 to €163,679
- Write-downs +€21,852
new in 2025: €21,852
- Depreciation +€13,032
up €13,032 (+1.5%), from €842,759 to €855,791
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
-€221,120
Gross operating margin
+€183,211
Staff costs
+€6,693
Depreciation
-€13,032
Write-downs
-€21,852
Other operating charges
-€24,758
Financial income
-€7
Financial charges
-€5,730
Taxes
-€6,978
Deferred taxes and other
+€5,595
Result 2025
-€97,978
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
+€739,097
Investment
-€313,126
Financing
-€386,810
Cash 2024
€827,435
From operations (derived)
+€739,097
Net result for the year
-€97,978
Depreciation
+€855,791
Receivables within one year
-€10,418
Deferred charges and accrued income
-€2,187
Provisions
-€46,380
Trade debts
+€31,111
Tax, wage and social debts
+€49,666
Other debts
-€34,290
Accrued charges and deferred income
-€6,219
Investment (derived)
-€313,126
Investment in fixed assets (net)
-€313,126
Financing
-€386,810
Debts after one year
-€418,191
Current portion of long-term debt
+€31,381
Cash 2025
€866,596
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,257,957 | €18,767,058 | -€490,899 | -2.5% |
| Fixed assets | 21/28 | €18,375,210 | €17,832,545 | -€542,665 | -3.0% |
| Intangible fixed assets | 21 | €1,725,458 | €1,720,976 | -€4,482 | -0.3% |
| Tangible fixed assets | 22/27 | €13,444,352 | €12,906,168 | -€538,184 | -4.0% |
| Land and buildings | 22 | €13,380,314 | €12,871,202 | -€509,111 | -3.8% |
| Plant, machinery and equipment | 23 | €12,358 | €5,677 | -€6,682 | -54.1% |
| Furniture and vehicles | 24 | €6,236 | €2,966 | -€3,270 | -52.4% |
| Assets under construction and advance payments | 27 | €45,444 | €26,323 | -€19,121 | -42.1% |
| Financial fixed assets | 28 | €3,205,400 | €3,205,400 | = | 0.0% |
| Current assets | 29/58 | €882,747 | €934,513 | +€51,766 | +5.9% |
| Amounts receivable within one year | 40/41 | €31,984 | €42,402 | +€10,418 | +32.6% |
| Trade receivables | 40 | €6,238 | €15,738 | +€9,500 | +152.3% |
| Other amounts receivable | 41 | €25,746 | €26,664 | +€918 | +3.6% |
| Cash at bank and in hand | 54/58 | €827,435 | €866,596 | +€39,161 | +4.7% |
| Deferred charges and accrued income | 490/1 | €23,328 | €25,515 | +€2,187 | +9.4% |
| Total equity and liabilities | 10/49 | €19,257,957 | €18,767,058 | -€490,899 | -2.5% |
| Equity | 10/15 | €8,442,394 | €8,344,416 | -€97,978 | -1.2% |
| Contributions | 10/11 | €6,718,403 | €6,718,403 | = | 0.0% |
| Capital | 10 | €6,718,403 | €6,718,403 | = | 0.0% |
| Issued capital | 100 | €6,718,403 | €6,718,403 | = | 0.0% |
| Reserves | 13 | €1,972,011 | €1,830,911 | -€141,100 | -7.2% |
| Tax-exempt reserves | 132 | €1,972,011 | €1,830,911 | -€141,100 | -7.2% |
| Profit (loss) carried forward | 14 | -€248,020 | -€204,898 | +€43,123 | +17.4% |
| Provisions and deferred taxes | 16 | €657,337 | €610,957 | -€46,380 | -7.1% |
| Deferred taxes | 168 | €657,337 | €610,957 | -€46,380 | -7.1% |
| Amounts payable | 17/49 | €10,158,226 | €9,811,684 | -€346,542 | -3.4% |
| Amounts payable after more than one year | 17 | €7,970,535 | €7,552,344 | -€418,191 | -5.2% |
| Financial debts | 170/4 | €7,970,535 | €7,552,344 | -€418,191 | -5.2% |
| Amounts payable within one year | 42/48 | €2,181,472 | €2,259,340 | +€77,868 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €617,258 | €648,639 | +€31,381 | +5.1% |
| Trade debts | 44 | €70,197 | €101,308 | +€31,111 | +44.3% |
| Suppliers | 440/4 | €70,197 | €101,308 | +€31,111 | +44.3% |
| Taxes, remuneration and social security | 45 | €24,922 | €74,588 | +€49,666 | +199.3% |
| Taxes | 450/3 | €12,265 | €4,165 | -€8,100 | -66.0% |
| Remuneration and social security | 454/9 | €12,657 | €70,424 | +€57,766 | +456.4% |
| Other amounts payable | 47/48 | €1,469,095 | €1,434,805 | -€34,290 | -2.3% |
| Accrued charges and deferred income | 492/3 | €6,219 | €0 | -€6,219 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €193,985 | €187,292 | -€6,693 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €842,759 | €855,791 | +€13,032 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,852 | +€21,852 | |
| Other operating charges | 640/8 | €138,921 | €163,679 | +€24,758 | +17.8% |
| Gross operating margin | 9900 | €1,047,066 | €1,230,277 | +€183,211 | +17.5% |
| Operating profit (loss) | 9901 | -€128,599 | €1,663 | +€130,263 | |
| Financial income | 75/76B | €45 | €38 | -€7 | -16.2% |
| Recurring financial income | 75 | €45 | €38 | -€7 | -16.2% |
| Financial charges | 65/66B | €132,608 | €138,338 | +€5,730 | +4.3% |
| Recurring financial charges | 65 | €132,608 | €138,338 | +€5,730 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€261,162 | -€136,636 | +€124,526 | +47.7% |
| Transfer from deferred taxes | 780 | €40,785 | €46,380 | +€5,595 | +13.7% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €743 | €7,721 | +€6,978 | +938.9% |
| Profit (loss) for the period | 9904 | -€221,120 | -€97,978 | +€123,143 | +55.7% |
| Transfer from tax-exempt reserves | 789 | €122,355 | €141,100 | +€18,745 | +15.3% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€98,765 | €43,123 | +€141,888 |
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.