PROMAVICE: 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.
PROMAVICE
Largest movements
- Cash -€349,879
down €349,879 (-98.0%), from €356,856 to €6,978
mainly Receivables after one year (-€330,000) and Receivables within one year (-€194,189)
- Receivables after one year +€330,000
up €330,000 (+171%), from €193,440 to €523,440
- Receivables within one year +€194,189
up €194,189 (+194%), from €99,883 to €294,072
of which Trade receivables: +€152,836
- Deferred charges and accrued income -€92,089
down €92,089 (-89.0%), from €103,483 to €11,394
- Tangible fixed assets -€43,025
down €43,025 (-10.1%), from €427,450 to €384,424
of which Plant, machinery and equipment: -€22,828
- Reserves +€29,286
up €29,286 (+7.3%), from €400,845 to €430,131
- Gross operating margin -€175,623
down €175,623 (-70.1%), from €250,565 to €74,942
- Taxes -€42,927
down €42,927 (-83.0%), from €51,728 to €8,800
- Other operating charges -€33,446
down €33,446 (-83.0%), from €40,314 to €6,868
- Financial income +€12,918
up €12,918 (+313%), from €4,129 to €17,048
- Depreciation -€4,541
down €4,541 (-8.9%), from €51,274 to €46,733
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 | €1,647,873 | €1,663,790 | +€15,918 | +1.0% |
| Fixed assets | 21/28 | €427,450 | €384,424 | -€43,025 | -10.1% |
| Tangible fixed assets | 22/27 | €427,450 | €384,424 | -€43,025 | -10.1% |
| Land and buildings | 22 | €348,128 | €328,305 | -€19,823 | -5.7% |
| Plant, machinery and equipment | 23 | €78,765 | €55,937 | -€22,828 | -29.0% |
| Furniture and vehicles | 24 | €337 | €183 | -€154 | -45.8% |
| Other tangible fixed assets | 26 | €220 | €0 | -€220 | -100% |
| Current assets | 29/58 | €1,220,423 | €1,279,366 | +€58,943 | +4.8% |
| Amounts receivable after more than one year | 29 | €193,440 | €523,440 | +€330,000 | +171% |
| Other amounts receivable | 291 | €193,440 | €523,440 | +€330,000 | +171% |
| Amounts receivable within one year | 40/41 | €99,883 | €294,072 | +€194,189 | +194% |
| Trade receivables | 40 | €29,469 | €182,305 | +€152,836 | +519% |
| Other amounts receivable | 41 | €70,414 | €111,767 | +€41,353 | +58.7% |
| Current investments | 50/53 | €466,761 | €443,483 | -€23,278 | -5.0% |
| Cash at bank and in hand | 54/58 | €356,856 | €6,978 | -€349,879 | -98.0% |
| Deferred charges and accrued income | 490/1 | €103,483 | €11,394 | -€92,089 | -89.0% |
| Total equity and liabilities | 10/49 | €1,647,873 | €1,663,790 | +€15,918 | +1.0% |
| Equity | 10/15 | €1,579,533 | €1,608,819 | +€29,286 | +1.9% |
| Contributions | 10/11 | €17,179 | €17,179 | = | 0.0% |
| Reserves | 13 | €400,845 | €430,131 | +€29,286 | +7.3% |
| Distributable reserves | 133 | €400,845 | €430,131 | +€29,286 | +7.3% |
| Profit (loss) carried forward | 14 | €1,161,509 | €1,161,509 | = | 0.0% |
| Amounts payable | 17/49 | €68,340 | €54,971 | -€13,368 | -19.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €68,340 | €54,971 | -€13,368 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €4,000 | €0 | -€4,000 | -100% |
| Financial debts | 43 | €28,665 | €28,527 | -€139 | -0.5% |
| Credit institutions | 430/8 | €28,665 | €28,527 | -€139 | -0.5% |
| Trade debts | 44 | €2,224 | €7,920 | +€5,696 | +256% |
| Suppliers | 440/4 | €2,224 | €7,920 | +€5,696 | +256% |
| Taxes, remuneration and social security | 45 | €17,430 | €12,190 | -€5,239 | -30.1% |
| Taxes | 450/3 | €17,430 | €12,190 | -€5,239 | -30.1% |
| Other amounts payable | 47/48 | €16,021 | €6,335 | -€9,686 | -60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,274 | €46,733 | -€4,541 | -8.9% |
| Other operating charges | 640/8 | €40,314 | €6,868 | -€33,446 | -83.0% |
| Non-recurring operating charges | 66A | €7,236 | €0 | -€7,236 | -100% |
| Gross operating margin | 9900 | €250,565 | €74,942 | -€175,623 | -70.1% |
| Operating profit (loss) | 9901 | €151,740 | €21,340 | -€130,400 | -85.9% |
| Financial income | 75/76B | €4,129 | €17,048 | +€12,918 | +313% |
| Recurring financial income | 75 | €4,129 | €17,048 | +€12,918 | +313% |
| Financial charges | 65/66B | €1,531 | €301 | -€1,229 | -80.3% |
| Recurring financial charges | 65 | €1,531 | €301 | -€1,229 | -80.3% |
| Profit (loss) for the period before taxes | 9903 | €154,338 | €38,086 | -€116,252 | -75.3% |
| Income taxes | 67/77 | €51,728 | €8,800 | -€42,927 | -83.0% |
| Profit (loss) for the period | 9904 | €102,611 | €29,286 | -€73,325 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,611 | €29,286 | -€73,325 | -71.5% |
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 17 October 2026 via checked.be.