PROFONDVAL LLN: 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.
PROFONDVAL LLN
Largest movements
- Tangible fixed assets +€173,818
up €173,818 (+18.6%), from €936,307 to €1.1m
of which Land and buildings: +€99,955
- Receivables after one year -€140,000
down €140,000 (-67.6%), from €207,000 to €67,000
- Receivables within one year -€64,501
down €64,501 (-80.6%), from €80,001 to €15,500
- Cash -€34,581
down €34,581 (-8.2%), from €420,842 to €386,262
mainly Investment in fixed assets (net) (-€264,770) and Other debts (-€203,500)
- Other debts -€203,500
down €203,500 (-99.3%), from €204,900 to €1,400
- Profit (loss) carried forward +€186,562
up €186,562 (+41.0%), from €454,709 to €641,271
- Provisions -€45,421
down €45,421 (-76.9%), from €59,030 to €13,609
of which Provisions for liabilities and charges: -€40,134
- Advances received +€28,186
up €28,186 (+11.6%), from €242,264 to €270,450
- Debts after one year -€27,602
down €27,602 (-16.5%), from €166,924 to €139,323
of which Financial debts: -€27,602
- Taxes -€85,227
down €85,227 (-55.7%), from €152,988 to €67,761
- Provisions -€40,134
new in 2025: -€40,134
- Depreciation +€18,055
up €18,055 (+24.8%), from €72,898 to €90,952
- Gross operating margin +€13,595
up €13,595 (+4.7%), from €292,238 to €305,833
- Financial income -€3,793
down €3,793 (-52.1%), from €7,278 to €3,485
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 | €1,651,429 | €1,583,162 | -€68,266 | -4.1% |
| Fixed assets | 21/28 | €936,307 | €1,110,125 | +€173,818 | +18.6% |
| Tangible fixed assets | 22/27 | €936,307 | €1,110,125 | +€173,818 | +18.6% |
| Land and buildings | 22 | €828,573 | €928,528 | +€99,955 | +12.1% |
| Plant, machinery and equipment | 23 | €65,192 | €147,082 | +€81,890 | +125.6% |
| Furniture and vehicles | 24 | €42,542 | €34,514 | -€8,027 | -18.9% |
| Current assets | 29/58 | €715,122 | €473,038 | -€242,084 | -33.9% |
| Amounts receivable after more than one year | 29 | €207,000 | €67,000 | -€140,000 | -67.6% |
| Other amounts receivable | 291 | €207,000 | €67,000 | -€140,000 | -67.6% |
| Amounts receivable within one year | 40/41 | €80,001 | €15,500 | -€64,501 | -80.6% |
| Trade receivables | 40 | €80,001 | €15,500 | -€64,501 | -80.6% |
| Cash at bank and in hand | 54/58 | €420,842 | €386,262 | -€34,581 | -8.2% |
| Deferred charges and accrued income | 490/1 | €7,278 | €4,276 | -€3,003 | -41.3% |
| Total equity and liabilities | 10/49 | €1,651,429 | €1,583,162 | -€68,266 | -4.1% |
| Equity | 10/15 | €847,565 | €1,018,266 | +€170,701 | +20.1% |
| Contributions | 10/11 | €290,942 | €290,942 | = | 0.0% |
| Capital | 10 | €290,000 | €290,000 | = | 0.0% |
| Issued capital | 100 | €290,000 | €290,000 | = | 0.0% |
| Contributions outside capital | 11 | €942 | €942 | = | 0.0% |
| Share premium | 1100/10 | €942 | €942 | = | 0.0% |
| Reserves | 13 | €101,914 | €86,053 | -€15,861 | -15.6% |
| Non-distributable reserves | 130/1 | €29,000 | €29,000 | = | 0.0% |
| Legal reserve | 130 | €29,000 | €29,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €72,914 | €57,053 | -€15,861 | -21.8% |
| Profit (loss) carried forward | 14 | €454,709 | €641,271 | +€186,562 | +41.0% |
| Provisions and deferred taxes | 16 | €59,030 | €13,609 | -€45,421 | -76.9% |
| Provisions for liabilities and charges | 160/5 | €40,134 | - | -€40,134 | |
| Major repairs and maintenance | 162 | €40,134 | - | -€40,134 | |
| Deferred taxes | 168 | €18,896 | €13,609 | -€5,287 | -28.0% |
| Amounts payable | 17/49 | €744,834 | €551,287 | -€193,546 | -26.0% |
| Amounts payable after more than one year | 17 | €166,924 | €139,323 | -€27,602 | -16.5% |
| Financial debts | 170/4 | €165,424 | €137,823 | -€27,602 | -16.7% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €577,909 | €411,965 | -€165,945 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €29,469 | €23,571 | -€5,898 | -20.0% |
| Trade debts | 44 | €12,839 | €25,345 | +€12,506 | +97.4% |
| Suppliers | 440/4 | €12,839 | €25,345 | +€12,506 | +97.4% |
| Advances received on contracts in progress | 46 | €242,264 | €270,450 | +€28,186 | +11.6% |
| Taxes, remuneration and social security | 45 | €88,438 | €91,199 | +€2,761 | +3.1% |
| Taxes | 450/3 | €88,438 | €91,199 | +€2,761 | +3.1% |
| Other amounts payable | 47/48 | €204,900 | €1,400 | -€203,500 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,898 | €90,952 | +€18,055 | +24.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€40,134 | -€40,134 | |
| Other operating charges | 640/8 | €17,961 | €17,993 | +€32 | +0.2% |
| Gross operating margin | 9900 | €292,238 | €305,833 | +€13,595 | +4.7% |
| Operating profit (loss) | 9901 | €201,379 | €237,022 | +€35,643 | +17.7% |
| Financial income | 75/76B | €7,278 | €3,485 | -€3,793 | -52.1% |
| Recurring financial income | 75 | €7,278 | €3,485 | -€3,793 | -52.1% |
| Financial charges | 65/66B | €5,128 | €7,332 | +€2,204 | +43.0% |
| Recurring financial charges | 65 | €5,128 | €7,332 | +€2,204 | +43.0% |
| Profit (loss) for the period before taxes | 9903 | €203,529 | €233,175 | +€29,646 | +14.6% |
| Transfer from deferred taxes | 780 | €91,578 | €5,287 | -€86,291 | -94.2% |
| Income taxes | 67/77 | €152,988 | €67,761 | -€85,227 | -55.7% |
| Profit (loss) for the period | 9904 | €142,120 | €170,701 | +€28,582 | +20.1% |
| Transfer from tax-exempt reserves | 789 | €274,735 | €15,861 | -€258,874 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €416,855 | €186,562 | -€230,293 | -55.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.