THE PROFILE GROUP: 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.
THE PROFILE GROUP
Largest movements
- Cash -€2.1m
down €2.1m (-60.7%), from €3.4m to €1.3m
- Receivables within one year -€1.4m
down €1.4m (-27.8%), from €5.0m to €3.6m
of which Trade receivables: -€1.4m
- Deferred charges and accrued income -€187,131
down €187,131 (-80.8%), from €231,552 to €44,421
- Profit (loss) carried forward -€2.1m
down €2.1m, from €1.1m to -€974,880
- Trade debts -€1.7m
down €1.7m (-33.5%), from €5.2m to €3.4m
- Other debts +€583,794
up €583,794 (+95.2%), from €613,208 to €1.2m
- Reserves -€310,000
down €310,000 (-28.4%), from €1.1m to €780,757
of which Tax-exempt reserves: -€479,940
- Tax, wage and social debts -€133,324
down €133,324 (-16.2%), from €822,327 to €689,003
of which Remuneration and social security: -€224,462
- Turnover +€16.9m
up €16.9m (+45.8%), from €36.9m to €53.9m
- Goods and materials +€15.0m
up €15.0m (+48.2%), from €31.1m to €46.1m
- Staff costs +€1.8m
up €1.8m (+58.0%), from €3.2m to €5.0m
- Services and other goods +€1.3m
up €1.3m (+51.0%), from €2.5m to €3.8m
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,904,964 | €5,203,327 | -€3.7m | -41.6% |
| Fixed assets | 21/28 | €242,705 | €192,245 | -€50,460 | -20.8% |
| Tangible fixed assets | 22/27 | €134,019 | €83,559 | -€50,460 | -37.7% |
| Furniture and vehicles | 24 | €70,550 | €32,033 | -€38,517 | -54.6% |
| Other tangible fixed assets | 26 | €63,469 | €51,526 | -€11,942 | -18.8% |
| Financial fixed assets | 28 | €108,686 | €108,686 | = | 0.0% |
| Affiliated companies | 280/1 | €101,288 | €101,288 | = | 0.0% |
| Participating interests | 280 | €101,288 | €101,288 | = | 0.0% |
| Amounts receivable | 281 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €7,398 | €7,398 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €7,398 | €7,398 | = | 0.0% |
| Current assets | 29/58 | €8,662,260 | €5,011,083 | -€3.7m | -42.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,026,271 | €3,628,922 | -€1.4m | -27.8% |
| Trade receivables | 40 | €5,026,271 | €3,628,922 | -€1.4m | -27.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,404,437 | €1,337,740 | -€2.1m | -60.7% |
| Deferred charges and accrued income | 490/1 | €231,552 | €44,421 | -€187,131 | -80.8% |
| Total equity and liabilities | 10/49 | €8,904,964 | €5,203,327 | -€3.7m | -41.6% |
| Equity | 10/15 | €2,298,901 | -€125,952 | -€2.4m | |
| Contributions | 10/11 | €68,171 | €68,171 | = | 0.0% |
| Capital | 10 | €68,171 | €68,171 | = | 0.0% |
| Issued capital | 100 | €68,171 | €68,171 | = | 0.0% |
| Reserves | 13 | €1,090,757 | €780,757 | -€310,000 | -28.4% |
| Non-distributable reserves | 130/1 | €6,817 | €6,817 | = | 0.0% |
| Legal reserve | 130 | €6,817 | €6,817 | = | 0.0% |
| Tax-exempt reserves | 132 | €773,940 | €294,000 | -€479,940 | -62.0% |
| Distributable reserves | 133 | €310,000 | €479,940 | +€169,940 | +54.8% |
| Profit (loss) carried forward | 14 | €1,139,973 | -€974,880 | -€2.1m | |
| Amounts payable | 17/49 | €6,606,063 | €5,329,280 | -€1.3m | -19.3% |
| Amounts payable within one year | 42/48 | €6,593,482 | €5,318,497 | -€1.3m | -19.3% |
| Trade debts | 44 | €5,157,947 | €3,432,492 | -€1.7m | -33.5% |
| Suppliers | 440/4 | €5,157,947 | €3,432,492 | -€1.7m | -33.5% |
| Taxes, remuneration and social security | 45 | €822,327 | €689,003 | -€133,324 | -16.2% |
| Taxes | 450/3 | €208,221 | €299,359 | +€91,138 | +43.8% |
| Remuneration and social security | 454/9 | €614,106 | €389,644 | -€224,462 | -36.6% |
| Other amounts payable | 47/48 | €613,208 | €1,197,003 | +€583,794 | +95.2% |
| Accrued charges and deferred income | 492/3 | €12,582 | €10,783 | -€1,799 | -14.3% |
| Operating income | 70/76A | €37,034,744 | €54,077,863 | +€17.0m | +46.0% |
| Turnover | 70 | €36,948,487 | €53,868,806 | +€16.9m | +45.8% |
| Other operating income | 74 | €86,257 | €187,105 | +€100,848 | +117% |
| Non-recurring operating income | 76A | €0 | €21,951 | +€21,951 | |
| Operating charges | 60/66A | €36,880,755 | €55,036,249 | +€18.2m | +49.2% |
| Goods for resale, raw materials and consumables | 60 | €31,103,923 | €46,105,474 | +€15.0m | +48.2% |
| Purchases | 600/8 | €31,103,923 | €46,105,474 | +€15.0m | +48.2% |
| Services and other goods | 61 | €2,537,282 | €3,830,458 | +€1.3m | +51.0% |
| Remuneration, social security and pensions | 62 | €3,179,969 | €5,024,068 | +€1.8m | +58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,503 | €62,637 | +€15,134 | +31.9% |
| Other operating charges | 640/8 | €12,077 | €13,612 | +€1,535 | +12.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €153,989 | -€958,386 | -€1.1m | |
| Financial income | 75/76B | €7,549 | €9,924 | +€2,375 | +31.5% |
| Recurring financial income | 75 | €7,549 | €9,924 | +€2,375 | +31.5% |
| Other financial income | 752/9 | €7,549 | €9,924 | +€2,375 | +31.5% |
| Financial charges | 65/66B | €55,264 | €146,830 | +€91,566 | +166% |
| Recurring financial charges | 65 | €55,264 | €146,830 | +€91,566 | +166% |
| Debt charges | 650 | €50,168 | €121,783 | +€71,615 | +143% |
| Other financial charges | 652/9 | €5,096 | €25,047 | +€19,951 | +391% |
| Profit (loss) for the period before taxes | 9903 | €106,274 | -€1,095,292 | -€1.2m | |
| Income taxes | 67/77 | €66,308 | €9,221 | -€57,087 | -86.1% |
| Taxes | 670/3 | €66,308 | €10,000 | -€56,308 | -84.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €779 | +€779 | |
| Profit (loss) for the period | 9904 | €39,965 | -€1,104,513 | -€1.1m | |
| Transfer from tax-exempt reserves | 789 | - | €479,940 | +€479,940 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €39,965 | -€624,573 | -€664,539 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.