PRONOVAN: 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.
PRONOVAN
Largest movements
- Cash +€178,786
up €178,786 (+163%), from €109,690 to €288,476
mainly Net result for the year (+€157,637) and Debts after one year (+€80,852)
- Tangible fixed assets +€57,113
up €57,113 (+20.7%), from €275,848 to €332,960
of which Furniture and vehicles: +€75,563
- Receivables within one year +€20,457
up €20,457 (+21.5%), from €95,094 to €115,551
of which Trade receivables: +€42,389
- Reserves +€155,971
up €155,971 (+14.9%), from €1.0m to €1.2m
of which Distributable reserves: +€155,971
- Debts after one year +€80,852
new in 2025: €80,852
- Current portion of long-term debt +€22,563
new in 2025: €22,563
- Financial charges -€10,203
down €10,203 (-54.3%), from €18,785 to €8,582
- Depreciation -€3,812
down €3,812 (-4.8%), from €79,452 to €75,640
- Financial income -€3,534
down €3,534 (-29.9%), from €11,806 to €8,272
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 | €1,195,945 | €1,455,902 | +€259,957 | +21.7% |
| Fixed assets | 21/28 | €276,098 | €333,210 | +€57,113 | +20.7% |
| Tangible fixed assets | 22/27 | €275,848 | €332,960 | +€57,113 | +20.7% |
| Land and buildings | 22 | €113,042 | €105,105 | -€7,937 | -7.0% |
| Plant, machinery and equipment | 23 | €127,566 | €117,054 | -€10,513 | -8.2% |
| Furniture and vehicles | 24 | €35,239 | €110,802 | +€75,563 | +214% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €919,847 | €1,122,692 | +€202,845 | +22.1% |
| Stocks and contracts in progress | 3 | €19,942 | €16,939 | -€3,004 | -15.1% |
| Stocks | 30/36 | €19,942 | €16,939 | -€3,004 | -15.1% |
| Amounts receivable within one year | 40/41 | €95,094 | €115,551 | +€20,457 | +21.5% |
| Trade receivables | 40 | €25,164 | €67,554 | +€42,389 | +168% |
| Other amounts receivable | 41 | €69,929 | €47,997 | -€21,932 | -31.4% |
| Current investments | 50/53 | €695,121 | €695,121 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €109,690 | €288,476 | +€178,786 | +163% |
| Deferred charges and accrued income | 490/1 | - | €6,604 | +€6,604 | |
| Total equity and liabilities | 10/49 | €1,195,945 | €1,455,902 | +€259,957 | +21.7% |
| Equity | 10/15 | €1,065,325 | €1,221,296 | +€155,971 | +14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,046,725 | €1,202,696 | +€155,971 | +14.9% |
| Tax-exempt reserves | 132 | €307 | €307 | = | 0.0% |
| Distributable reserves | 133 | €1,046,418 | €1,202,389 | +€155,971 | +14.9% |
| Amounts payable | 17/49 | €130,620 | €234,606 | +€103,987 | +79.6% |
| Amounts payable after more than one year | 17 | - | €80,852 | +€80,852 | |
| Financial debts | 170/4 | - | €80,852 | +€80,852 | |
| Amounts payable within one year | 42/48 | €120,201 | €148,416 | +€28,216 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | - | €22,563 | +€22,563 | |
| Trade debts | 44 | €3,750 | €3,177 | -€572 | -15.3% |
| Suppliers | 440/4 | €3,750 | €3,177 | -€572 | -15.3% |
| Taxes, remuneration and social security | 45 | €37,358 | €47,599 | +€10,242 | +27.4% |
| Taxes | 450/3 | €37,358 | €47,599 | +€10,242 | +27.4% |
| Other amounts payable | 47/48 | €79,093 | €75,076 | -€4,017 | -5.1% |
| Accrued charges and deferred income | 492/3 | €10,419 | €5,338 | -€5,082 | -48.8% |
| Non-recurring operating income | 76A | - | €559 | +€559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,452 | €75,640 | -€3,812 | -4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,935 | - | +€2,935 | |
| Other operating charges | 640/8 | €3,032 | €2,710 | -€322 | -10.6% |
| Gross operating margin | 9900 | €310,997 | €309,619 | -€1,379 | -0.4% |
| Operating profit (loss) | 9901 | €231,448 | €231,269 | -€180 | -0.1% |
| Financial income | 75/76B | €11,806 | €8,272 | -€3,534 | -29.9% |
| Recurring financial income | 75 | €11,806 | €8,272 | -€3,534 | -29.9% |
| Financial charges | 65/66B | €18,785 | €8,582 | -€10,203 | -54.3% |
| Recurring financial charges | 65 | €18,785 | €8,582 | -€10,203 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | €224,469 | €230,959 | +€6,489 | +2.9% |
| Income taxes | 67/77 | €70,793 | €73,322 | +€2,528 | +3.6% |
| Profit (loss) for the period | 9904 | €153,676 | €157,637 | +€3,961 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €153,676 | €157,637 | +€3,961 | +2.6% |
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 19 October 2026 via checked.be.