PRIVANOT: 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.
PRIVANOT
Largest movements
- Current investments +€152,000
up €152,000 (+30.4%), from €500,000 to €652,000
- Cash -€105,652
down €105,652 (-50.6%), from €208,730 to €103,078
mainly Current investments (-€152,000) and Provisions (-€78,827)
- Deferred charges and accrued income +€13,362
up €13,362 (+104.7%), from €12,759 to €26,121
- Receivables within one year -€11,801
down €11,801 (-10.2%), from €115,774 to €103,973
of which Trade receivables: -€20,406
- Profit (loss) carried forward +€124,870
up €124,870 (+64.5%), from €193,537 to €318,407
- Provisions -€78,827
down €78,827 (-53.8%), from €146,540 to €67,713
- Tax, wage and social debts -€48,287
down €48,287 (-18.6%), from €260,201 to €211,914
of which Remuneration and social security: -€50,895
- Trade debts +€46,221
up €46,221 (+48.0%), from €96,264 to €142,485
- Purchases and services +€108,970
up €108,970 (+31.6%), from €345,113 to €454,083
- Turnover +€75,277
up €75,277 (+4.3%), from €1.7m to €1.8m
- Gross operating margin -€33,692
down €33,692 (-2.4%), from €1.4m to €1.4m
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 | €839,652 | €885,171 | +€45,520 | +5.4% |
| Fixed assets | 21/28 | €2,390 | - | -€2,390 | |
| Tangible fixed assets | 22/27 | €2,390 | - | -€2,390 | |
| Furniture and vehicles | 24 | €2,390 | - | -€2,390 | |
| Current assets | 29/58 | €837,262 | €885,171 | +€47,909 | +5.7% |
| Amounts receivable within one year | 40/41 | €115,774 | €103,973 | -€11,801 | -10.2% |
| Trade receivables | 40 | €92,385 | €71,979 | -€20,406 | -22.1% |
| Other amounts receivable | 41 | €23,389 | €31,994 | +€8,605 | +36.8% |
| Current investments | 50/53 | €500,000 | €652,000 | +€152,000 | +30.4% |
| Cash at bank and in hand | 54/58 | €208,730 | €103,078 | -€105,652 | -50.6% |
| Deferred charges and accrued income | 490/1 | €12,759 | €26,121 | +€13,362 | +104.7% |
| Total equity and liabilities | 10/49 | €839,652 | €885,171 | +€45,520 | +5.4% |
| Equity | 10/15 | €331,498 | €461,643 | +€130,146 | +39.3% |
| Reserves | 13 | €137,960 | €143,236 | +€5,276 | +3.8% |
| Profit (loss) carried forward | 14 | €193,537 | €318,407 | +€124,870 | +64.5% |
| Provisions and deferred taxes | 16 | €146,540 | €67,713 | -€78,827 | -53.8% |
| Provisions for liabilities and charges | 160/5 | €146,540 | €67,713 | -€78,827 | -53.8% |
| Other liabilities and charges | 164/5 | €146,540 | €67,713 | -€78,827 | -53.8% |
| Amounts payable | 17/49 | €361,615 | €355,815 | -€5,799 | -1.6% |
| Amounts payable within one year | 42/48 | €356,465 | €354,399 | -€2,066 | -0.6% |
| Trade debts | 44 | €96,264 | €142,485 | +€46,221 | +48.0% |
| Suppliers | 440/4 | €96,264 | €142,485 | +€46,221 | +48.0% |
| Taxes, remuneration and social security | 45 | €260,201 | €211,914 | -€48,287 | -18.6% |
| Taxes | 450/3 | €43,633 | €46,241 | +€2,608 | +6.0% |
| Remuneration and social security | 454/9 | €216,568 | €165,673 | -€50,895 | -23.5% |
| Accrued charges and deferred income | 492/3 | €5,150 | €1,417 | -€3,733 | -72.5% |
| Turnover | 70 | €1,732,018 | €1,807,295 | +€75,277 | +4.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €345,113 | €454,083 | +€108,970 | +31.6% |
| Remuneration, social security and pensions | 62 | €1,288,972 | €1,285,677 | -€3,294 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,598 | €2,390 | -€4,208 | -63.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€323 | €1,874 | +€2,197 | |
| Other operating charges | 640/8 | €3,927 | €7,755 | +€3,828 | +97.5% |
| Gross operating margin | 9900 | €1,386,905 | €1,353,212 | -€33,692 | -2.4% |
| Operating profit (loss) | 9901 | €97,974 | €134,343 | +€36,369 | +37.1% |
| Financial income | 75/76B | €25,696 | €21,716 | -€3,980 | -15.5% |
| Recurring financial income | 75 | €25,696 | €21,716 | -€3,980 | -15.5% |
| Financial charges | 65/66B | €16,575 | €19,399 | +€2,823 | +17.0% |
| Recurring financial charges | 65 | €16,575 | €19,399 | +€2,823 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €107,095 | €136,660 | +€29,566 | +27.6% |
| Income taxes | 67/77 | €7,709 | €6,515 | -€1,194 | -15.5% |
| Profit (loss) for the period | 9904 | €99,386 | €130,146 | +€30,760 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,386 | €130,146 | +€30,760 | +30.9% |
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.