PROMAFIN: 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.
PROMAFIN
Largest movements
- Receivables within one year +€90,851
up €90,851 (+267%), from €34,011 to €124,863
of which Other amounts receivable: +€70,000
- Cash -€82,128
down €82,128 (-55.5%), from €147,979 to €65,851
mainly Receivables within one year (-€90,851) and Other debts (-€26,445)
- Tangible fixed assets -€6,528
down €6,528 (-3.3%), from €200,057 to €193,530
of which Land and buildings: -€9,506
- Reserves +€65,602
up €65,602 (+36.9%), from €178,014 to €243,616
- Other debts -€26,445
down €26,445 (-79.9%), from €33,112 to €6,666
- Debts after one year -€20,553
down €20,553 (-64.8%), from €31,718 to €11,165
- Tax, wage and social debts -€17,043
down €17,043 (-70.5%), from €24,162 to €7,119
of which Taxes: -€18,543
- Gross operating margin +€36,473
up €36,473 (+43.8%), from €83,206 to €119,679
- Taxes +€10,627
up €10,627 (+46.7%), from €22,771 to €33,398
- Other operating charges -€1,856
down €1,856 (-41.0%), from €4,523 to €2,667
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 | €384,566 | €387,375 | +€2,808 | +0.7% |
| Fixed assets | 21/28 | €200,057 | €193,530 | -€6,528 | -3.3% |
| Tangible fixed assets | 22/27 | €200,057 | €193,530 | -€6,528 | -3.3% |
| Land and buildings | 22 | €177,194 | €167,688 | -€9,506 | -5.4% |
| Furniture and vehicles | 24 | €22,863 | €25,842 | +€2,979 | +13.0% |
| Current assets | 29/58 | €184,509 | €193,845 | +€9,336 | +5.1% |
| Amounts receivable within one year | 40/41 | €34,011 | €124,863 | +€90,851 | +267% |
| Trade receivables | 40 | €32,511 | €53,363 | +€20,851 | +64.1% |
| Other amounts receivable | 41 | €1,500 | €71,500 | +€70,000 | +4,667% |
| Cash at bank and in hand | 54/58 | €147,979 | €65,851 | -€82,128 | -55.5% |
| Deferred charges and accrued income | 490/1 | €2,519 | €3,132 | +€613 | +24.3% |
| Total equity and liabilities | 10/49 | €384,566 | €387,375 | +€2,808 | +0.7% |
| Equity | 10/15 | €256,591 | €322,193 | +€65,602 | +25.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Contributions outside capital | 11 | €8,060 | €8,060 | = | 0.0% |
| Share premium | 1100/10 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €178,014 | €243,616 | +€65,602 | +36.9% |
| Distributable reserves | 133 | €178,014 | €243,616 | +€65,602 | +36.9% |
| Profit (loss) carried forward | 14 | €70,518 | €70,518 | = | 0.0% |
| Provisions and deferred taxes | 16 | €18,932 | €18,932 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,932 | €18,932 | = | 0.0% |
| Pensions and similar obligations | 160 | - | €18,932 | +€18,932 | |
| Other liabilities and charges | 164/5 | €18,932 | - | -€18,932 | |
| Amounts payable | 17/49 | €109,043 | €46,249 | -€62,794 | -57.6% |
| Amounts payable after more than one year | 17 | €31,718 | €11,165 | -€20,553 | -64.8% |
| Financial debts | 170/4 | €31,718 | €11,165 | -€20,553 | -64.8% |
| Amounts payable within one year | 42/48 | €77,325 | €35,085 | -€42,241 | -54.6% |
| Current portion of amounts payable after more than one year | 42 | €20,052 | €20,553 | +€501 | +2.5% |
| Trade debts | 44 | - | €746 | +€746 | |
| Suppliers | 440/4 | - | €746 | +€746 | |
| Taxes, remuneration and social security | 45 | €24,162 | €7,119 | -€17,043 | -70.5% |
| Taxes | 450/3 | €24,162 | €5,619 | -€18,543 | -76.7% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €33,112 | €6,666 | -€26,445 | -79.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,199 | €16,305 | +€1,107 | +7.3% |
| Other operating charges | 640/8 | €4,523 | €2,667 | -€1,856 | -41.0% |
| Non-recurring operating charges | 66A | - | €14 | +€14 | |
| Gross operating margin | 9900 | €83,206 | €119,679 | +€36,473 | +43.8% |
| Operating profit (loss) | 9901 | €63,484 | €100,693 | +€37,209 | +58.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,060 | €1,694 | -€366 | -17.8% |
| Recurring financial charges | 65 | €2,060 | €1,694 | -€366 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €61,424 | €98,999 | +€37,575 | +61.2% |
| Income taxes | 67/77 | €22,771 | €33,398 | +€10,627 | +46.7% |
| Profit (loss) for the period | 9904 | €38,654 | €65,602 | +€26,948 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,654 | €65,602 | +€26,948 | +69.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.