GDW PROVANT: what changed
What changed
GDW PROVANT
NACE 69.103, Activities of bailiffs
filed annual accounts (NBB)
Net result for the year
€303,733
2024 · €36,466+€267,266
Equity
€209,084
2024 · -€89,701+€298,785
Cash
€711,346
2024 · €638,137+€73,209
Balance sheet total
€4.1m
2024 · €3.3m+€768,420
Largest movements
Assets
- Receivables within one year +€683,462
up €683,462 (+25.5%), from €2.7m to €3.4m
- Cash +€73,209
up €73,209 (+11.5%), from €638,137 to €711,346
mainly Advances received (+€569,089) and Net result for the year (+€303,733)
Equity and liabilities
- Advances received +€569,089
up €569,089 (+40.4%), from €1.4m to €2.0m
- Reserves +€154,730
up €154,730 (+1,078%), from €14,354 to €169,084
- Profit (loss) carried forward +€144,055
up €144,055, from -€144,055 to €0
- Debts after one year -€70,227
down €70,227 (-39.0%), from €180,199 to €109,972
- Other debts -€42,155
down €42,155 (-3.4%), from €1.2m to €1.2m
Income statement
- Gross operating margin +€367,114
up €367,114 (+68.8%), from €533,760 to €900,874
- Depreciation -€78,505
down €78,505 (-91.8%), from €85,551 to €7,047
- Taxes +€77,013
new in 2025: €77,013
- Staff costs +€56,752
up €56,752 (+15.2%), from €373,820 to €430,573
- Other operating charges +€55,366
up €55,366 (+5,100%), from €1,086 to €56,451
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€36,466
Gross operating margin
+€367,114
Staff costs
-€56,752
Depreciation
+€78,505
Other operating charges
-€55,366
Financial income
+€951
Financial charges
+€9,828
Taxes
-€77,013
Result 2025
€303,733
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€190,631
Investment
-€13,012
Financing
-€104,410
Cash 2024
€638,137
From operations (derived)
+€190,631
Net result for the year
+€303,733
Depreciation
+€7,047
Receivables within one year
-€683,462
Deferred charges and accrued income
-€5,783
Trade debts
+€28,675
Tax, wage and social debts
+€17,384
Advances received
+€569,089
Other debts
-€42,155
Accrued charges and deferred income
-€3,897
Investment (derived)
-€13,012
Investment in fixed assets (net)
-€13,012
Financing
-€104,410
Debts after one year
-€70,227
Current portion of long-term debt
-€29,235
Contributions, distributions and other
-€4,948
Cash 2025
€711,346
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,340,953 | €4,109,372 | +€768,420 | +23.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €12,302 | €18,268 | +€5,966 | +48.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €8,852 | €15,868 | +€7,016 | +79.3% |
| Plant, machinery and equipment | 23 | €8,852 | €15,868 | +€7,016 | +79.3% |
| Financial fixed assets | 28 | €3,450 | €2,400 | -€1,050 | -30.4% |
| Current assets | 29/58 | €3,328,651 | €4,091,105 | +€762,454 | +22.9% |
| Amounts receivable within one year | 40/41 | €2,677,926 | €3,361,388 | +€683,462 | +25.5% |
| Trade receivables | 40 | €2,677,926 | €3,361,388 | +€683,462 | +25.5% |
| Cash at bank and in hand | 54/58 | €638,137 | €711,346 | +€73,209 | +11.5% |
| Deferred charges and accrued income | 490/1 | €12,587 | €18,370 | +€5,783 | +45.9% |
| Total equity and liabilities | 10/49 | €3,340,953 | €4,109,372 | +€768,420 | +23.0% |
| Equity | 10/15 | -€89,701 | €209,084 | +€298,785 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €14,354 | €169,084 | +€154,730 | +1,078% |
| Distributable reserves | 133 | €14,354 | €169,084 | +€154,730 | +1,078% |
| Profit (loss) carried forward | 14 | -€144,055 | €0 | +€144,055 | |
| Amounts payable | 17/49 | €3,430,654 | €3,900,289 | +€469,635 | +13.7% |
| Amounts payable after more than one year | 17 | €180,199 | €109,972 | -€70,227 | -39.0% |
| Financial debts | 170/4 | €180,199 | €109,972 | -€70,227 | -39.0% |
| Amounts payable within one year | 42/48 | €3,240,848 | €3,784,607 | +€543,759 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €51,462 | €22,227 | -€29,235 | -56.8% |
| Financial debts | 43 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 430/8 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €66,137 | €94,812 | +€28,675 | +43.4% |
| Suppliers | 440/4 | €66,137 | €94,812 | +€28,675 | +43.4% |
| Advances received on contracts in progress | 46 | €1,410,264 | €1,979,353 | +€569,089 | +40.4% |
| Taxes, remuneration and social security | 45 | €86,310 | €103,694 | +€17,384 | +20.1% |
| Taxes | 450/3 | €18,717 | €39,978 | +€21,261 | +114% |
| Remuneration and social security | 454/9 | €67,592 | €63,716 | -€3,877 | -5.7% |
| Other amounts payable | 47/48 | €1,226,676 | €1,184,521 | -€42,155 | -3.4% |
| Accrued charges and deferred income | 492/3 | €9,606 | €5,710 | -€3,897 | -40.6% |
| Remuneration, social security and pensions | 62 | €373,820 | €430,573 | +€56,752 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,551 | €7,047 | -€78,505 | -91.8% |
| Other operating charges | 640/8 | €1,086 | €56,451 | +€55,366 | +5,100% |
| Gross operating margin | 9900 | €533,760 | €900,874 | +€367,114 | +68.8% |
| Operating profit (loss) | 9901 | €73,303 | €406,803 | +€333,501 | +455% |
| Financial income | 75/76B | €470 | €1,421 | +€951 | +202% |
| Recurring financial income | 75 | €470 | €1,421 | +€951 | +202% |
| Financial charges | 65/66B | €37,307 | €27,479 | -€9,828 | -26.3% |
| Recurring financial charges | 65 | €37,307 | €27,479 | -€9,828 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €36,466 | €380,746 | +€344,279 | +944% |
| Income taxes | 67/77 | - | €77,013 | +€77,013 | |
| Profit (loss) for the period | 9904 | €36,466 | €303,733 | +€267,266 | +733% |
| Profit (loss) for the period to be appropriated | 9905 | €36,466 | €303,733 | +€267,266 | +733% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.