PRO-VERT: what changed
Two fiscal 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.
PRO-VERT
Largest movements
- Receivables within one year -€119,322
down €119,322 (-25.0%), from €477,489 to €358,166
of which Trade receivables: -€109,264
- Tangible fixed assets +€28,006
up €28,006 (+17.6%), from €159,068 to €187,075
of which Plant, machinery and equipment: +€18,100
- Cash -€16,662
down €16,662 (-41.2%), from €40,399 to €23,737
mainly Trade debts (-€141,870) and Short-term financial debts (-€89,600)
- Trade debts -€141,870
down €141,870 (-60.7%), from €233,890 to €92,020
- Short-term financial debts -€89,600
no longer reported in 2024 (was €89,600)
- Other debts +€65,333
up €65,333 (+109.4%), from €59,704 to €125,037
- Reserves +€48,713
up €48,713 (+60.5%), from €80,470 to €129,183
- Current portion of long-term debt +€26,937
up €26,937 (+72.7%), from €37,056 to €63,993
- Staff costs +€113,092
up €113,092 (+20.4%), from €555,264 to €668,356
- Gross operating margin +€108,598
up €108,598 (+15.6%), from €698,008 to €806,607
- Depreciation -€10,439
down €10,439 (-19.3%), from €53,982 to €43,543
- Financial charges +€10,369
up €10,369 (+105.4%), from €9,837 to €20,206
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €741,080 | €629,901 | -€111,179 | -15.0% |
| Fixed assets | 21/28 | €168,953 | €198,069 | +€29,115 | +17.2% |
| Tangible fixed assets | 22/27 | €159,068 | €187,075 | +€28,006 | +17.6% |
| Plant, machinery and equipment | 23 | €40,923 | €59,023 | +€18,100 | +44.2% |
| Furniture and vehicles | 24 | €29,702 | €41,695 | +€11,992 | +40.4% |
| Other tangible fixed assets | 26 | €88,443 | €86,357 | -€2,086 | -2.4% |
| Financial fixed assets | 28 | €9,885 | €10,994 | +€1,109 | +11.2% |
| Current assets | 29/58 | €572,127 | €431,833 | -€140,294 | -24.5% |
| Stocks and contracts in progress | 3 | €54,239 | €49,929 | -€4,310 | -7.9% |
| Stocks | 30/36 | €18,123 | €30,025 | +€11,902 | +65.7% |
| Contracts in progress | 37 | €36,116 | €19,904 | -€16,212 | -44.9% |
| Amounts receivable within one year | 40/41 | €477,489 | €358,166 | -€119,322 | -25.0% |
| Trade receivables | 40 | €434,950 | €325,687 | -€109,264 | -25.1% |
| Other amounts receivable | 41 | €42,538 | €32,480 | -€10,059 | -23.6% |
| Cash at bank and in hand | 54/58 | €40,399 | €23,737 | -€16,662 | -41.2% |
| Total equity and liabilities | 10/49 | €741,080 | €629,901 | -€111,179 | -15.0% |
| Equity | 10/15 | €156,760 | €205,473 | +€48,713 | +31.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €80,470 | €129,183 | +€48,713 | +60.5% |
| Distributable reserves | 133 | €80,470 | €129,183 | +€48,713 | +60.5% |
| Profit (loss) carried forward | 14 | €55,830 | €55,830 | = | 0.0% |
| Amounts payable | 17/49 | €584,320 | €424,428 | -€159,892 | -27.4% |
| Amounts payable after more than one year | 17 | €83,597 | €82,865 | -€733 | -0.9% |
| Financial debts | 170/4 | €83,597 | €82,865 | -€733 | -0.9% |
| Amounts payable within one year | 42/48 | €499,533 | €337,200 | -€162,332 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €37,056 | €63,993 | +€26,937 | +72.7% |
| Financial debts | 43 | €89,600 | - | -€89,600 | |
| Credit institutions | 430/8 | €89,600 | - | -€89,600 | |
| Trade debts | 44 | €233,890 | €92,020 | -€141,870 | -60.7% |
| Suppliers | 440/4 | €233,890 | €92,020 | -€141,870 | -60.7% |
| Taxes, remuneration and social security | 45 | €79,282 | €56,150 | -€23,133 | -29.2% |
| Taxes | 450/3 | €3,556 | €194 | -€3,361 | -94.5% |
| Remuneration and social security | 454/9 | €75,727 | €55,955 | -€19,771 | -26.1% |
| Other amounts payable | 47/48 | €59,704 | €125,037 | +€65,333 | +109.4% |
| Accrued charges and deferred income | 492/3 | €1,190 | €4,364 | +€3,173 | +266.5% |
| Remuneration, social security and pensions | 62 | €555,264 | €668,356 | +€113,092 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,982 | €43,543 | -€10,439 | -19.3% |
| Other operating charges | 640/8 | €3,407 | €4,788 | +€1,381 | +40.5% |
| Gross operating margin | 9900 | €698,008 | €806,607 | +€108,598 | +15.6% |
| Operating profit (loss) | 9901 | €85,356 | €89,920 | +€4,564 | +5.3% |
| Financial income | 75/76B | €540 | €0 | -€540 | -100.0% |
| Recurring financial income | 75 | €540 | €0 | -€540 | -100.0% |
| Financial charges | 65/66B | €9,837 | €20,206 | +€10,369 | +105.4% |
| Recurring financial charges | 65 | €9,837 | €20,206 | +€10,369 | +105.4% |
| Profit (loss) for the period before taxes | 9903 | €76,059 | €69,714 | -€6,345 | -8.3% |
| Income taxes | 67/77 | €22,954 | €21,000 | -€1,954 | -8.5% |
| Profit (loss) for the period | 9904 | €53,105 | €48,713 | -€4,391 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,105 | €48,713 | -€4,391 | -8.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.