Peter Provoost: 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.
Peter Provoost
Largest movements
- Current investments -€140,000
down €140,000 (-25.9%), from €540,000 to €400,000
- Cash -€40,877
down €40,877 (-52.6%), from €77,766 to €36,889
mainly Contributions, distributions and other (-€197,745) and Net result for the year (-€5,023)
- Tangible fixed assets -€18,376
down €18,376 (-3.6%), from €513,364 to €494,988
- Reserves -€202,768
down €202,768 (-20.6%), from €985,584 to €782,816
of which Distributable reserves: -€167,831
- Gross operating margin -€11,370
down €11,370 (-34.7%), from €32,734 to €21,364
- Taxes -€8,576
down €8,576 (-86.7%), from €9,893 to €1,316
- Financial income -€8,046
down €8,046 (-41.3%), from €19,491 to €11,445
- Financial charges +€6,628
up €6,628 (+156.0%), from €4,248 to €10,876
- Other operating charges +€879
up €879 (+9.8%), from €8,986 to €9,865
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 | €1,139,083 | €938,869 | -€200,214 | -17.6% |
| Fixed assets | 21/28 | €513,364 | €494,988 | -€18,376 | -3.6% |
| Tangible fixed assets | 22/27 | €513,364 | €494,988 | -€18,376 | -3.6% |
| Land and buildings | 22 | €513,364 | €494,988 | -€18,376 | -3.6% |
| Current assets | 29/58 | €625,719 | €443,881 | -€181,838 | -29.1% |
| Amounts receivable within one year | 40/41 | €7,150 | €6,600 | -€550 | -7.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €7,150 | €6,600 | -€550 | -7.7% |
| Current investments | 50/53 | €540,000 | €400,000 | -€140,000 | -25.9% |
| Cash at bank and in hand | 54/58 | €77,766 | €36,889 | -€40,877 | -52.6% |
| Deferred charges and accrued income | 490/1 | €803 | €393 | -€411 | -51.1% |
| Total equity and liabilities | 10/49 | €1,139,083 | €938,869 | -€200,214 | -17.6% |
| Equity | 10/15 | €1,047,584 | €844,816 | -€202,768 | -19.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €985,584 | €782,816 | -€202,768 | -20.6% |
| Non-distributable reserves | 130/1 | €33,546 | €6,411 | -€27,135 | -80.9% |
| Legal reserve | 130 | €33,335 | €6,200 | -€27,135 | -81.4% |
| Other | 1319 | €211 | €211 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,160 | €85,358 | -€7,802 | -8.4% |
| Distributable reserves | 133 | €858,878 | €691,047 | -€167,831 | -19.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €31,053 | €28,453 | -€2,601 | -8.4% |
| Deferred taxes | 168 | €31,053 | €28,453 | -€2,601 | -8.4% |
| Amounts payable | 17/49 | €60,446 | €65,601 | +€5,155 | +8.5% |
| Amounts payable within one year | 42/48 | €57,188 | €51,511 | -€5,677 | -9.9% |
| Trade debts | 44 | €136 | €141 | +€5 | +3.8% |
| Suppliers | 440/4 | €136 | €141 | +€5 | +3.8% |
| Taxes, remuneration and social security | 45 | €1,941 | €111 | -€1,829 | -94.3% |
| Taxes | 450/3 | €1,941 | €111 | -€1,829 | -94.3% |
| Other amounts payable | 47/48 | €55,111 | €51,259 | -€3,852 | -7.0% |
| Accrued charges and deferred income | 492/3 | €3,258 | €14,090 | +€10,832 | +332.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,376 | €18,376 | = | 0.0% |
| Other operating charges | 640/8 | €8,986 | €9,865 | +€879 | +9.8% |
| Gross operating margin | 9900 | €32,734 | €21,364 | -€11,370 | -34.7% |
| Operating profit (loss) | 9901 | €5,372 | -€6,877 | -€12,249 | |
| Financial income | 75/76B | €19,491 | €11,445 | -€8,046 | -41.3% |
| Recurring financial income | 75 | €19,491 | €11,445 | -€8,046 | -41.3% |
| Financial charges | 65/66B | €4,248 | €10,876 | +€6,628 | +156.0% |
| Recurring financial charges | 65 | €4,248 | €10,876 | +€6,628 | +156.0% |
| Profit (loss) for the period before taxes | 9903 | €20,615 | -€6,308 | -€26,923 | |
| Transfer from deferred taxes | 780 | €2,601 | €2,601 | +€0 | 0.0% |
| Income taxes | 67/77 | €9,893 | €1,316 | -€8,576 | -86.7% |
| Profit (loss) for the period | 9904 | €13,323 | -€5,023 | -€18,347 | |
| Transfer from tax-exempt reserves | 789 | €7,802 | €7,802 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,126 | €2,779 | -€18,347 | -86.8% |
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 10 October 2026 via checked.be.