PROMOFI: 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.
What changed
PROMOFI
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€108.2m
2024 · €30.1m+€78.1m
Equity
€352.8m
2024 · €289.6m+€63.2m
Cash
€114.9m
2024 · €1.9m+€112.9m
Balance sheet total
€353.0m
2024 · €290.0m+€63.0m
Largest movements
Assets
- Cash +€112.9m
up €112.9m (+5801.3%), from €1.9m to €114.9m
mainly Net result for the year (+€108.2m) and Current investments (+€50.8m)
- Current investments -€50.8m
down €50.8m (-34.5%), from €147.0m to €96.2m
Equity and liabilities
- Profit (loss) carried forward +€63.2m
up €63.2m (+22.0%), from €287.1m to €350.3m
Income statement
- Financial income +€85.7m
up €85.7m (+270.9%), from €31.6m to €117.4m
of which Financial income: +€83.5m
- Financial charges +€6.6m
up €6.6m (+3842.4%), from €171,831 to €6.8m
of which Financial charges: +€6.3m
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.
Result 2024
€30.1m
Other operating charges
-€1,446
Other operating items
+€26,414
Financial income
+€85.7m
Financial charges
-€6.6m
Taxes
-€1.1m
Result 2025
€108.2m
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.
From operations
+€107.5m
Investment
+€50.4m
Financing
-€45.0m
Cash 2024
€1.9m
From operations (derived)
+€107.5m
Net result for the year
+€108.2m
Depreciation
+€38,201
Receivables within one year
-€525,795
Smaller working-capital items
-€229,575
Investment (derived)
+€50.4m
Investment in fixed assets (net)
-€386,469
Current investments
+€50.8m
Financing
-€45.0m
Contributions, distributions and other
-€45.0m
Cash 2025
€114.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €290,005,188 | €352,959,317 | +€63.0m | +21.7% |
| Fixed assets | 21/28 | €109,308,335 | €109,656,603 | +€348,268 | +0.3% |
| Tangible fixed assets | 22/27 | €72,872 | €34,670 | -€38,201 | -52.4% |
| Furniture and vehicles | 24 | €72,872 | €34,670 | -€38,201 | -52.4% |
| Financial fixed assets | 28 | €109,235,463 | €109,621,932 | +€386,469 | +0.4% |
| Affiliated companies | 280/1 | €2,093,585 | - | -€2.1m | |
| Participating interests | 280 | €2,093,585 | - | -€2.1m | |
| Companies linked by participating interests | 282/3 | €104,857,792 | €107,577,682 | +€2.7m | +2.6% |
| Participating interests | 282 | €104,857,792 | €107,577,682 | +€2.7m | +2.6% |
| Other financial fixed assets | 284/8 | €2,284,086 | €2,044,251 | -€239,835 | -10.5% |
| Shares | 284 | €2,284,086 | €2,044,251 | -€239,835 | -10.5% |
| Current assets | 29/58 | €180,696,853 | €243,302,714 | +€62.6m | +34.6% |
| Amounts receivable within one year | 40/41 | €31,688,542 | €32,214,337 | +€525,795 | +1.7% |
| Other amounts receivable | 41 | €31,688,542 | €32,214,337 | +€525,795 | +1.7% |
| Current investments | 50/53 | €147,007,715 | €96,224,100 | -€50.8m | -34.5% |
| Other investments | 51/53 | €147,007,715 | €96,224,100 | -€50.8m | -34.5% |
| Cash at bank and in hand | 54/58 | €1,946,301 | €114,857,802 | +€112.9m | +5801.3% |
| Deferred charges and accrued income | 490/1 | €54,296 | €6,477 | -€47,819 | -88.1% |
| Total equity and liabilities | 10/49 | €290,005,188 | €352,959,317 | +€63.0m | +21.7% |
| Equity | 10/15 | €289,598,508 | €352,830,031 | +€63.2m | +21.8% |
| Contributions | 10/11 | €1,700,025 | €1,700,025 | = | 0.0% |
| Capital | 10 | €1,700,025 | €1,700,025 | = | 0.0% |
| Issued capital | 100 | €1,700,025 | €1,700,025 | = | 0.0% |
| Reserves | 13 | €806,704 | €806,704 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200,002 | €200,002 | = | 0.0% |
| Legal reserve | 130 | €200,002 | €200,002 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,527 | €5,527 | = | 0.0% |
| Distributable reserves | 133 | €601,175 | €601,175 | = | 0.0% |
| Profit (loss) carried forward | 14 | €287,091,779 | €350,323,302 | +€63.2m | +22.0% |
| Amounts payable | 17/49 | €406,681 | €129,286 | -€277,394 | -68.2% |
| Amounts payable within one year | 42/48 | €138,651 | €94,057 | -€44,594 | -32.2% |
| Trade debts | 44 | €138,651 | €94,057 | -€44,594 | -32.2% |
| Suppliers | 440/4 | €138,651 | €94,057 | -€44,594 | -32.2% |
| Accrued charges and deferred income | 492/3 | €268,029 | €35,229 | -€232,800 | -86.9% |
| Operating income | 70/76A | €20,426 | €19,873 | -€553 | -2.7% |
| Other operating income | 74 | €20,426 | €19,873 | -€553 | -2.7% |
| Operating charges | 60/66A | €1,065,105 | €1,039,585 | -€25,521 | -2.4% |
| Services and other goods | 61 | €1,024,632 | €997,666 | -€26,967 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,201 | €38,201 | = | 0.0% |
| Other operating charges | 640/8 | €2,272 | €3,718 | +€1,446 | +63.6% |
| Operating profit (loss) | 9901 | -€1,044,680 | -€1,019,711 | +€24,968 | +2.4% |
| Financial income | 75/76B | €31,641,321 | €117,352,559 | +€85.7m | +270.9% |
| Recurring financial income | 75 | €30,457,852 | €113,930,513 | +€83.5m | +274.1% |
| Income from financial fixed assets | 750 | €26,294,388 | €63,988,866 | +€37.7m | +143.4% |
| Income from current assets | 751 | €4,128,049 | €6,027,301 | +€1.9m | +46.0% |
| Other financial income | 752/9 | €35,415 | €43,914,346 | +€43.9m | +123898.5% |
| Non-recurring financial income | 76B | €1,183,469 | €3,422,046 | +€2.2m | +189.2% |
| Financial charges | 65/66B | €171,831 | €6,774,268 | +€6.6m | +3842.4% |
| Recurring financial charges | 65 | -€42,316 | €6,298,745 | +€6.3m | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€3,810,073 | €3,182,810 | +€7.0m | |
| Other financial charges | 652/9 | €3,767,756 | €3,115,935 | -€651,821 | -17.3% |
| Non-recurring financial charges | 66B | €214,147 | €475,523 | +€261,376 | +122.1% |
| Profit (loss) for the period before taxes | 9903 | €30,424,811 | €109,558,580 | +€79.1m | +260.1% |
| Income taxes | 67/77 | €289,470 | €1,356,795 | +€1.1m | +368.7% |
| Taxes | 670/3 | €289,470 | €1,356,795 | +€1.1m | +368.7% |
| Profit (loss) for the period | 9904 | €30,135,340 | €108,201,785 | +€78.1m | +259.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,135,340 | €108,201,785 | +€78.1m | +259.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.