PROFINNCO: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
PROFINNCO
Largest movements
- Cash +€18,949
up €18,949 (+55.3%), from €34,243 to €53,192
mainly Other debts (+€46,008) and Provisions (+€27,306)
- Tangible fixed assets -€11,497
down €11,497 (-3.2%), from €364,957 to €353,460
of which Land and buildings: -€8,668
- Receivables within one year +€7,247
up €7,247 (+30.8%), from €23,498 to €30,745
of which Trade receivables: +€8,533
- Reserves -€61,245
down €61,245 (-41.9%), from €145,998 to €84,753
- Other debts +€46,008
up €46,008 (+421%), from €10,938 to €56,946
- Provisions +€27,306
new in 2025: €27,306
- Debts after one year -€12,822
down €12,822 (-5.4%), from €237,695 to €224,873
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Provisions +€27,306
new in 2025: €27,306
- Gross operating margin +€14,740
up €14,740 (+26.1%), from €56,578 to €71,318
- Taxes +€2,017
up €2,017 (+23.5%), from €8,598 to €10,615
- Financial charges +€1,468
up €1,468 (+12.0%), from €12,228 to €13,696
- Other operating charges +€1,248
up €1,248 (+142%), from €880 to €2,127
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €423,624 | €438,337 | +€14,712 | +3.5% |
| Fixed assets | 21/28 | €364,957 | €353,460 | -€11,497 | -3.2% |
| Tangible fixed assets | 22/27 | €364,957 | €353,460 | -€11,497 | -3.2% |
| Land and buildings | 22 | €329,408 | €320,741 | -€8,668 | -2.6% |
| Plant, machinery and equipment | 23 | €1,999 | €1,440 | -€559 | -27.9% |
| Furniture and vehicles | 24 | €24,977 | €22,936 | -€2,041 | -8.2% |
| Other tangible fixed assets | 26 | €8,573 | €8,343 | -€230 | -2.7% |
| Current assets | 29/58 | €58,667 | €84,876 | +€26,210 | +44.7% |
| Amounts receivable within one year | 40/41 | €23,498 | €30,745 | +€7,247 | +30.8% |
| Trade receivables | 40 | €21,938 | €30,471 | +€8,533 | +38.9% |
| Other amounts receivable | 41 | €1,560 | €274 | -€1,286 | -82.5% |
| Cash at bank and in hand | 54/58 | €34,243 | €53,192 | +€18,949 | +55.3% |
| Deferred charges and accrued income | 490/1 | €926 | €939 | +€14 | +1.5% |
| Total equity and liabilities | 10/49 | €423,624 | €438,337 | +€14,712 | +3.5% |
| Equity | 10/15 | €152,198 | €103,353 | -€48,845 | -32.1% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €145,998 | €84,753 | -€61,245 | -41.9% |
| Distributable reserves | 133 | €145,998 | €84,753 | -€61,245 | -41.9% |
| Provisions and deferred taxes | 16 | - | €27,306 | +€27,306 | |
| Provisions for liabilities and charges | 160/5 | - | €27,306 | +€27,306 | |
| Other liabilities and charges | 164/5 | - | €27,306 | +€27,306 | |
| Amounts payable | 17/49 | €271,426 | €307,677 | +€36,251 | +13.4% |
| Amounts payable after more than one year | 17 | €237,695 | €224,873 | -€12,822 | -5.4% |
| Financial debts | 170/4 | €237,695 | €224,873 | -€12,822 | -5.4% |
| Amounts payable within one year | 42/48 | €33,732 | €82,804 | +€49,072 | +145% |
| Current portion of amounts payable after more than one year | 42 | €12,305 | €12,822 | +€516 | +4.2% |
| Trade debts | 44 | €1,783 | €2,717 | +€935 | +52.4% |
| Suppliers | 440/4 | €1,783 | €2,717 | +€935 | +52.4% |
| Taxes, remuneration and social security | 45 | €8,705 | €10,319 | +€1,614 | +18.5% |
| Taxes | 450/3 | €8,705 | €10,319 | +€1,614 | +18.5% |
| Other amounts payable | 47/48 | €10,938 | €56,946 | +€46,008 | +421% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,549 | €15,115 | -€434 | -2.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €27,306 | +€27,306 | |
| Other operating charges | 640/8 | €880 | €2,127 | +€1,248 | +142% |
| Gross operating margin | 9900 | €56,578 | €71,318 | +€14,740 | +26.1% |
| Operating profit (loss) | 9901 | €40,150 | €26,769 | -€13,380 | -33.3% |
| Financial charges | 65/66B | €12,228 | €13,696 | +€1,468 | +12.0% |
| Recurring financial charges | 65 | €12,228 | €13,696 | +€1,468 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €27,921 | €13,073 | -€14,848 | -53.2% |
| Income taxes | 67/77 | €8,598 | €10,615 | +€2,017 | +23.5% |
| Profit (loss) for the period | 9904 | €19,323 | €2,459 | -€16,864 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,323 | €2,459 | -€16,864 | -87.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.