Profmax: 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.
Profmax
Largest movements
- Tangible fixed assets +€28,446
up €28,446 (+2153.9%), from €1,321 to €29,767
of which Leasing and similar rights: +€28,157
- Receivables within one year +€18,635
up €18,635 (+572.2%), from €3,257 to €21,892
of which Trade receivables: +€18,570
- Cash -€3,260
down €3,260 (-6.5%), from €50,375 to €47,115
mainly Investment in fixed assets (net) (-€36,231) and Advances received (-€24,377)
- Deferred charges and accrued income +€1,321
up €1,321 (+763.6%), from €173 to €1,493
- Reserves +€38,647
up €38,647 (+267.2%), from €14,464 to €53,111
- Advances received -€24,377
down €24,377 (-85.9%), from €28,377 to €4,000
- Debts after one year +€20,072
new in 2025: €20,072
- Current portion of long-term debt +€5,902
new in 2025: €5,902
- Trade debts +€5,337
up €5,337 (+129.8%), from €4,111 to €9,449
- Gross operating margin +€51,996
up €51,996 (+244.0%), from €21,311 to €73,307
- Staff costs +€9,953
new in 2025: €9,953
- Depreciation +€7,368
up €7,368 (+1771.6%), from €416 to €7,784
- Taxes +€5,656
up €5,656 (+106.0%), from €5,335 to €10,990
- Financial charges +€2,092
up €2,092 (+980.7%), from €213 to €2,305
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 | €55,254 | €100,267 | +€45,013 | +81.5% |
| Fixed assets | 21/28 | €1,321 | €29,767 | +€28,446 | +2153.9% |
| Tangible fixed assets | 22/27 | €1,321 | €29,767 | +€28,446 | +2153.9% |
| Furniture and vehicles | 24 | €1,321 | €1,610 | +€289 | +21.9% |
| Leasing and similar rights | 25 | - | €28,157 | +€28,157 | |
| Current assets | 29/58 | €53,934 | €70,500 | +€16,566 | +30.7% |
| Stocks and contracts in progress | 3 | €129 | €0 | -€129 | -100.0% |
| Stocks | 30/36 | €129 | €0 | -€129 | -100.0% |
| Amounts receivable within one year | 40/41 | €3,257 | €21,892 | +€18,635 | +572.2% |
| Trade receivables | 40 | €1,081 | €19,651 | +€18,570 | +1717.5% |
| Other amounts receivable | 41 | €2,176 | €2,241 | +€65 | +3.0% |
| Cash at bank and in hand | 54/58 | €50,375 | €47,115 | -€3,260 | -6.5% |
| Deferred charges and accrued income | 490/1 | €173 | €1,493 | +€1,321 | +763.6% |
| Total equity and liabilities | 10/49 | €55,254 | €100,267 | +€45,013 | +81.5% |
| Equity | 10/15 | €16,464 | €55,111 | +€38,647 | +234.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €14,464 | €53,111 | +€38,647 | +267.2% |
| Distributable reserves | 133 | €14,464 | €53,111 | +€38,647 | +267.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €38,790 | €45,156 | +€6,366 | +16.4% |
| Amounts payable after more than one year | 17 | - | €20,072 | +€20,072 | |
| Financial debts | 170/4 | - | €20,072 | +€20,072 | |
| Amounts payable within one year | 42/48 | €38,267 | €24,627 | -€13,640 | -35.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,902 | +€5,902 | |
| Trade debts | 44 | €4,111 | €9,449 | +€5,337 | +129.8% |
| Suppliers | 440/4 | €4,111 | €9,449 | +€5,337 | +129.8% |
| Advances received on contracts in progress | 46 | €28,377 | €4,000 | -€24,377 | -85.9% |
| Taxes, remuneration and social security | 45 | €5,111 | €5,266 | +€156 | +3.0% |
| Taxes | 450/3 | €2,911 | €3,066 | +€156 | +5.4% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €669 | €10 | -€659 | -98.6% |
| Accrued charges and deferred income | 492/3 | €523 | €457 | -€66 | -12.6% |
| Remuneration, social security and pensions | 62 | - | €9,953 | +€9,953 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €416 | €7,784 | +€7,368 | +1771.6% |
| Other operating charges | 640/8 | €1,043 | €739 | -€304 | -29.1% |
| Gross operating margin | 9900 | €21,311 | €73,307 | +€51,996 | +244.0% |
| Operating profit (loss) | 9901 | €19,852 | €54,830 | +€34,978 | +176.2% |
| Financial income | 75/76B | €160 | €112 | -€48 | -30.1% |
| Recurring financial income | 75 | €160 | €112 | -€48 | -30.1% |
| Financial charges | 65/66B | €213 | €2,305 | +€2,092 | +980.7% |
| Recurring financial charges | 65 | €213 | €2,305 | +€2,092 | +980.7% |
| Profit (loss) for the period before taxes | 9903 | €19,799 | €52,637 | +€32,838 | +165.9% |
| Income taxes | 67/77 | €5,335 | €10,990 | +€5,656 | +106.0% |
| Profit (loss) for the period | 9904 | €14,464 | €41,647 | +€27,182 | +187.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,464 | €41,647 | +€27,182 | +187.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.