PROMOFA: what changed
Two fiscal 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.
PROMOFA
Largest movements
- Receivables within one year -€933,200
down €933,200 (-89.7%), from €1.0m to €106,830
- Cash +€309,402
up €309,402 (+96.1%), from €321,909 to €631,310
mainly Receivables within one year (+€933,200) and Trade debts (+€14,512)
- Reserves -€609,897
down €609,897 (-84.3%), from €723,338 to €113,441
of which Distributable reserves: -€453,091
- Profit (loss) carried forward -€34,940
new in 2025: -€34,940
- Gross operating margin -€58,549
down €58,549, from €520 to -€58,030
- Purchases and services -€50,374
no longer reported in 2025 (was €50,374)
- Financial income -€15,026
down €15,026 (-27.7%), from €54,333 to €39,307
- Taxes -€10,904
down €10,904 (-100.0%), from €10,904 to €0
- Turnover -€1,100
no longer reported in 2025 (was €1,100)
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 | €1,592,950 | €953,066 | -€639,883 | -40.2% |
| Fixed assets | 21/28 | €224,187 | €212,856 | -€11,331 | -5.1% |
| Tangible fixed assets | 22/27 | €224,187 | €212,856 | -€11,331 | -5.1% |
| Land and buildings | 22 | €224,187 | €212,856 | -€11,331 | -5.1% |
| Current assets | 29/58 | €1,368,763 | €740,211 | -€628,552 | -45.9% |
| Stocks and contracts in progress | 3 | €6,786 | €0 | -€6,786 | -100.0% |
| Stocks | 30/36 | €6,786 | €0 | -€6,786 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,040,030 | €106,830 | -€933,200 | -89.7% |
| Other amounts receivable | 41 | €1,040,030 | €106,830 | -€933,200 | -89.7% |
| Cash at bank and in hand | 54/58 | €321,909 | €631,310 | +€309,402 | +96.1% |
| Deferred charges and accrued income | 490/1 | €38 | €2,070 | +€2,032 | +5333.4% |
| Total equity and liabilities | 10/49 | €1,592,950 | €953,066 | -€639,883 | -40.2% |
| Equity | 10/15 | €1,578,838 | €934,000 | -€644,837 | -40.8% |
| Contributions | 10/11 | €855,500 | €855,500 | = | 0.0% |
| Capital | 10 | €855,500 | €855,500 | = | 0.0% |
| Issued capital | 100 | €855,500 | €855,500 | = | 0.0% |
| Reserves | 13 | €723,338 | €113,441 | -€609,897 | -84.3% |
| Non-distributable reserves | 130/1 | €242,356 | €85,550 | -€156,806 | -64.7% |
| Legal reserve | 130 | €85,550 | €85,550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €156,806 | €0 | -€156,806 | -100.0% |
| Distributable reserves | 133 | €480,982 | €27,891 | -€453,091 | -94.2% |
| Profit (loss) carried forward | 14 | - | -€34,940 | -€34,940 | |
| Amounts payable | 17/49 | €14,112 | €19,066 | +€4,954 | +35.1% |
| Amounts payable within one year | 42/48 | €10,864 | €17,094 | +€6,230 | +57.3% |
| Trade debts | 44 | - | €14,512 | +€14,512 | |
| Suppliers | 440/4 | - | €14,512 | +€14,512 | |
| Taxes, remuneration and social security | 45 | €10,864 | €2,440 | -€8,424 | -77.5% |
| Taxes | 450/3 | €10,864 | €2,440 | -€8,424 | -77.5% |
| Other amounts payable | 47/48 | - | €142 | +€142 | |
| Accrued charges and deferred income | 492/3 | €3,248 | €1,972 | -€1,276 | -39.3% |
| Turnover | 70 | €1,100 | - | -€1,100 | |
| Non-recurring operating income | 76A | €30,403 | €0 | -€30,403 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €50,374 | - | -€50,374 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,331 | €11,331 | = | 0.0% |
| Other operating charges | 640/8 | €4,540 | €4,676 | +€135 | +3.0% |
| Gross operating margin | 9900 | €520 | -€58,030 | -€58,549 | |
| Operating profit (loss) | 9901 | -€15,352 | -€74,037 | -€58,685 | -382.3% |
| Financial income | 75/76B | €54,333 | €39,307 | -€15,026 | -27.7% |
| Recurring financial income | 75 | €54,333 | €39,307 | -€15,026 | -27.7% |
| Financial charges | 65/66B | €186 | €211 | +€24 | +12.9% |
| Recurring financial charges | 65 | €186 | €211 | +€24 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €38,795 | -€34,940 | -€73,735 | |
| Income taxes | 67/77 | €10,904 | €0 | -€10,904 | -100.0% |
| Profit (loss) for the period | 9904 | €27,891 | -€34,940 | -€62,831 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,891 | -€34,940 | -€62,831 |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.