PROFIT+: 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.
PROFIT+
Largest movements
- Receivables within one year +€239,492
up €239,492 (+533%), from €44,936 to €284,428
of which Trade receivables: +€239,507
- Intangible fixed assets +€179,453
up €179,453 (+43.1%), from €416,002 to €595,456
- Cash -€48,900
down €48,900 (-65.6%), from €74,543 to €25,643
mainly Investment in fixed assets (net) (-€253,440) and Receivables within one year (-€239,492)
- Other debts +€175,000
up €175,000 (+140%), from €125,036 to €300,036
- Advances received +€60,000
up €60,000 (+60,815%), from €99 to €60,099
- Reserves +€56,998
up €56,998 (+69.1%), from €82,501 to €139,498
of which Distributable reserves: +€56,998
- Tax, wage and social debts +€44,074
up €44,074 (+48.4%), from €91,001 to €135,075
of which Taxes: +€38,578
- Short-term financial debts +€24,735
up €24,735 (+50.1%), from €49,411 to €74,146
- Staff costs -€69,244
down €69,244 (-10.7%), from €649,441 to €580,196
- Taxes +€18,361
up €18,361 (+175%), from €10,485 to €28,846
- Gross operating margin +€15,531
up €15,531 (+2.1%), from €730,614 to €746,145
- Depreciation +€13,412
up €13,412 (+21.3%), from €62,869 to €76,281
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 | €544,830 | €911,167 | +€366,337 | +67.2% |
| Fixed assets | 21/28 | €423,937 | €601,096 | +€177,159 | +41.8% |
| Intangible fixed assets | 21 | €416,002 | €595,456 | +€179,453 | +43.1% |
| Tangible fixed assets | 22/27 | €7,935 | €5,640 | -€2,294 | -28.9% |
| Plant, machinery and equipment | 23 | €7,935 | €5,640 | -€2,294 | -28.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €120,893 | €310,071 | +€189,178 | +156% |
| Amounts receivable within one year | 40/41 | €44,936 | €284,428 | +€239,492 | +533% |
| Trade receivables | 40 | €44,922 | €284,428 | +€239,507 | +533% |
| Other amounts receivable | 41 | €15 | €0 | -€15 | -100% |
| Cash at bank and in hand | 54/58 | €74,543 | €25,643 | -€48,900 | -65.6% |
| Deferred charges and accrued income | 490/1 | €1,414 | €0 | -€1,414 | -100% |
| Total equity and liabilities | 10/49 | €544,830 | €911,167 | +€366,337 | +67.2% |
| Equity | 10/15 | €161,101 | €218,098 | +€56,998 | +35.4% |
| Contributions | 10/11 | €78,600 | €78,600 | = | 0.0% |
| Reserves | 13 | €82,501 | €139,498 | +€56,998 | +69.1% |
| Non-distributable reserves | 130/1 | €5,800 | €5,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,800 | €5,800 | = | 0.0% |
| Distributable reserves | 133 | €76,701 | €133,698 | +€56,998 | +74.3% |
| Amounts payable | 17/49 | €383,730 | €693,069 | +€309,340 | +80.6% |
| Amounts payable within one year | 42/48 | €381,230 | €690,569 | +€309,340 | +81.1% |
| Financial debts | 43 | €49,411 | €74,146 | +€24,735 | +50.1% |
| Credit institutions | 430/8 | €49,411 | €74,146 | +€24,735 | +50.1% |
| Trade debts | 44 | €115,683 | €121,213 | +€5,531 | +4.8% |
| Suppliers | 440/4 | €115,683 | €121,213 | +€5,531 | +4.8% |
| Advances received on contracts in progress | 46 | €99 | €60,099 | +€60,000 | +60,815% |
| Taxes, remuneration and social security | 45 | €91,001 | €135,075 | +€44,074 | +48.4% |
| Taxes | 450/3 | €29,513 | €68,091 | +€38,578 | +131% |
| Remuneration and social security | 454/9 | €61,488 | €66,985 | +€5,496 | +8.9% |
| Other amounts payable | 47/48 | €125,036 | €300,036 | +€175,000 | +140% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €649,441 | €580,196 | -€69,244 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,869 | €76,281 | +€13,412 | +21.3% |
| Other operating charges | 640/8 | €1,704 | €1,704 | -€0 | 0.0% |
| Gross operating margin | 9900 | €730,614 | €746,145 | +€15,531 | +2.1% |
| Operating profit (loss) | 9901 | €16,600 | €87,963 | +€71,363 | +430% |
| Financial income | 75/76B | €22 | €57 | +€36 | +163% |
| Recurring financial income | 75 | €22 | €57 | +€36 | +163% |
| Financial charges | 65/66B | €2,204 | €2,177 | -€27 | -1.2% |
| Recurring financial charges | 65 | €2,204 | €2,177 | -€27 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €14,418 | €85,844 | +€71,426 | +495% |
| Income taxes | 67/77 | €10,485 | €28,846 | +€18,361 | +175% |
| Profit (loss) for the period | 9904 | €3,933 | €56,998 | +€53,065 | +1,349% |
| Profit (loss) for the period to be appropriated | 9905 | €3,933 | €56,998 | +€53,065 | +1,349% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.