De Drie Provinciën: 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.
De Drie Provinciën
Largest movements
- Tangible fixed assets -€243,470
down €243,470 (-8.2%), from €3.0m to €2.7m
of which Land and buildings: -€164,532
- Cash -€49,223
down €49,223 (-25.6%), from €192,073 to €142,850
mainly Net result for the year (-€137,234) and Debts after one year (-€107,818)
- Contributions -€813,168
down €813,168 (-44.0%), from €1.8m to €1.0m
- Profit (loss) carried forward +€675,933
up €675,933 (+83.1%), from -€813,168 to -€137,234
- Debts after one year -€107,818
down €107,818 (-6.7%), from €1.6m to €1.5m
- Trade debts -€73,242
down €73,242 (-21.9%), from €334,610 to €261,368
- Staff costs +€55,045
up €55,045 (+16.3%), from €337,336 to €392,381
- Gross operating margin -€11,475
down €11,475 (-2.0%), from €571,055 to €559,580
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 | €3,321,584 | €3,007,419 | -€314,166 | -9.5% |
| Fixed assets | 21/28 | €2,967,210 | €2,723,739 | -€243,470 | -8.2% |
| Tangible fixed assets | 22/27 | €2,966,710 | €2,723,239 | -€243,470 | -8.2% |
| Land and buildings | 22 | €2,711,301 | €2,546,769 | -€164,532 | -6.1% |
| Plant, machinery and equipment | 23 | €184,223 | €127,439 | -€56,784 | -30.8% |
| Furniture and vehicles | 24 | €71,186 | €49,032 | -€22,154 | -31.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €354,375 | €283,679 | -€70,695 | -19.9% |
| Stocks and contracts in progress | 3 | €89,345 | €73,133 | -€16,213 | -18.1% |
| Stocks | 30/36 | €89,345 | €73,133 | -€16,213 | -18.1% |
| Amounts receivable within one year | 40/41 | €60,992 | €58,675 | -€2,316 | -3.8% |
| Trade receivables | 40 | €39,506 | €50,584 | +€11,079 | +28.0% |
| Other amounts receivable | 41 | €21,486 | €8,091 | -€13,395 | -62.3% |
| Cash at bank and in hand | 54/58 | €192,073 | €142,850 | -€49,223 | -25.6% |
| Deferred charges and accrued income | 490/1 | €11,965 | €9,022 | -€2,944 | -24.6% |
| Total equity and liabilities | 10/49 | €3,321,584 | €3,007,419 | -€314,166 | -9.5% |
| Equity | 10/15 | €1,035,274 | €897,367 | -€137,907 | -13.3% |
| Contributions | 10/11 | €1,847,769 | €1,034,601 | -€813,168 | -44.0% |
| Capital | 10 | €1,847,769 | €1,034,601 | -€813,168 | -44.0% |
| Issued capital | 100 | €1,847,769 | €1,034,601 | -€813,168 | -44.0% |
| Uncalled capital | 101 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€813,168 | -€137,234 | +€675,933 | +83.1% |
| Investment grants | 15 | €673 | €0 | -€673 | -100% |
| Amounts payable | 17/49 | €2,286,310 | €2,110,052 | -€176,258 | -7.7% |
| Amounts payable after more than one year | 17 | €1,615,400 | €1,507,582 | -€107,818 | -6.7% |
| Financial debts | 170/4 | €1,615,400 | €1,507,582 | -€107,818 | -6.7% |
| Amounts payable within one year | 42/48 | €670,910 | €602,470 | -€68,440 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €255,487 | €257,818 | +€2,331 | +0.9% |
| Trade debts | 44 | €334,610 | €261,368 | -€73,242 | -21.9% |
| Suppliers | 440/4 | €334,610 | €261,368 | -€73,242 | -21.9% |
| Taxes, remuneration and social security | 45 | €40,914 | €60,494 | +€19,581 | +47.9% |
| Taxes | 450/3 | €0 | €2,965 | +€2,965 | |
| Remuneration and social security | 454/9 | €40,914 | €57,530 | +€16,616 | +40.6% |
| Other amounts payable | 47/48 | €39,899 | €22,790 | -€17,110 | -42.9% |
| Non-recurring operating income | 76A | €123,888 | €0 | -€123,888 | -100% |
| Remuneration, social security and pensions | 62 | €337,336 | €392,381 | +€55,045 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,480 | €247,184 | +€1,705 | +0.7% |
| Other operating charges | 640/8 | €0 | €668 | +€668 | |
| Gross operating margin | 9900 | €571,055 | €559,580 | -€11,475 | -2.0% |
| Operating profit (loss) | 9901 | -€11,761 | -€80,653 | -€68,892 | -586% |
| Financial income | 75/76B | €5,021 | €3,009 | -€2,012 | -40.1% |
| Recurring financial income | 75 | €5,021 | €3,009 | -€2,012 | -40.1% |
| Financial charges | 65/66B | €62,534 | €59,588 | -€2,946 | -4.7% |
| Recurring financial charges | 65 | €62,534 | €59,588 | -€2,946 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€69,274 | -€137,232 | -€67,958 | -98.1% |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | -€69,274 | -€137,234 | -€67,960 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,274 | -€137,234 | -€67,960 | -98.1% |
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 29 October 2026 via checked.be.