PROVA: 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.
What changed
PROVA
NACE 70.200, Business and other management consultancy
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€5.0m
2023 · €11.0m-€5.9m
Equity
€47.2m
2023 · €42.8m+€4.4m
Cash
€2.9m
2023 · €7.1m-€4.2m
Balance sheet total
€59.8m
2023 · €56.5m+€3.3m
Largest movements
Assets
- Current investments +€5.8m
up €5.8m (+33.8%), from €17.0m to €22.8m
- Cash -€4.2m
down €4.2m (-59.1%), from €7.1m to €2.9m
mainly Current investments (-€5.8m) and Receivables within one year (-€1.5m)
- Receivables within one year +€1.5m
up €1.5m (+13.8%), from €11.1m to €12.6m
of which Trade receivables: +€1.0m
Equity and liabilities
- Reserves +€4.4m
up €4.4m (+10.6%), from €41.7m to €46.1m
of which Distributable reserves: +€5.3m
- Debts after one year -€791,667
down €791,667 (-46.9%), from €1.7m to €895,833
Income statement
- Financial income -€6.5m
down €6.5m (-74.7%), from €8.8m to €2.2m
of which Non-recurring financial income: -€4.6m
- Turnover +€673,615
up €673,615 (+5.0%), from €13.4m to €14.1m
- Financial charges -€608,457
down €608,457, from €427,656 to -€180,801
of which Financial charges: -€604,292
- Services and other goods +€512,965
up €512,965 (+19.7%), from €2.6m to €3.1m
- Goods and materials -€509,893
down €509,893 (-10.9%), from €4.7m to €4.2m
of which Purchases: -€526,911
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.
Result 2023
€11.0m
Turnover
+€673,615
Other operating income
-€323,207
Goods and materials
+€509,893
Services and other goods
-€512,965
Staff costs
-€2,705
Depreciation
+€27,364
Write-downs
-€139,314
Provisions
+€51,463
Other operating charges
-€4,239
Other operating items
+€68,101
Financial income
-€6.5m
Financial charges
+€608,457
Taxes
-€351,509
Result 2024
€5.0m
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.
From operations
+€3.6m
Investment
-€6.2m
Financing
-€1.6m
Cash 2023
€7.1m
From operations (derived)
+€3.6m
Net result for the year
+€5.0m
Depreciation
+€272,031
Receivables after one year
-€43,319
Stocks and contracts
+€143,019
Receivables within one year
-€1.5m
Deferred charges and accrued income
-€222,292
Provisions
-€43,516
Trade debts
-€375,662
Tax, wage and social debts
-€324,678
Other debts
+€597,759
Accrued charges and deferred income
+€43,658
Investment (derived)
-€6.2m
Investment in fixed assets (net)
-€424,681
Current investments
-€5.8m
Financing
-€1.6m
Debts after one year
-€791,667
Current portion of long-term debt
-€196,428
Contributions, distributions and other
-€600,000
Cash 2024
€2.9m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,503,929 | €59,846,020 | +€3.3m | +5.9% |
| Fixed assets | 21/28 | €20,415,794 | €20,568,445 | +€152,650 | +0.7% |
| Intangible fixed assets | 21 | €184,624 | €138,724 | -€45,900 | -24.9% |
| Tangible fixed assets | 22/27 | €860,118 | €1,058,669 | +€198,551 | +23.1% |
| Land and buildings | 22 | €561,146 | €584,920 | +€23,774 | +4.2% |
| Plant, machinery and equipment | 23 | €19,130 | €21,282 | +€2,152 | +11.3% |
| Furniture and vehicles | 24 | €230,664 | €214,737 | -€15,927 | -6.9% |
| Other tangible fixed assets | 26 | €49,179 | €41,944 | -€7,235 | -14.7% |
| Assets under construction and advance payments | 27 | - | €195,785 | +€195,785 | |
| Financial fixed assets | 28 | €19,371,052 | €19,371,052 | = | 0.0% |
| Affiliated companies | 280/1 | €19,366,171 | €19,366,171 | = | 0.0% |
| Participating interests | 280 | €19,366,171 | €19,366,171 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €307 | €307 | = | 0.0% |
| Participating interests | 282 | €307 | €307 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,573 | €4,573 | = | 0.0% |
| Shares | 284 | €4,573 | €4,573 | = | 0.0% |
| Current assets | 29/58 | €36,088,134 | €39,277,575 | +€3.2m | +8.8% |
| Amounts receivable after more than one year | 29 | €300,681 | €344,000 | +€43,319 | +14.4% |
| Trade receivables | 290 | €300,681 | €344,000 | +€43,319 | +14.4% |
| Stocks and contracts in progress | 3 | €308,386 | €165,368 | -€143,019 | -46.4% |
| Stocks | 30/36 | €308,386 | €165,368 | -€143,019 | -46.4% |
| Goods purchased for resale | 34 | €308,386 | €165,368 | -€143,019 | -46.4% |
| Amounts receivable within one year | 40/41 | €11,055,049 | €12,580,148 | +€1.5m | +13.8% |
| Trade receivables | 40 | €6,093,252 | €7,106,267 | +€1.0m | +16.6% |
| Other amounts receivable | 41 | €4,961,798 | €5,473,881 | +€512,083 | +10.3% |
| Current investments | 50/53 | €17,000,000 | €22,750,000 | +€5.8m | +33.8% |
| Other investments | 51/53 | €17,000,000 | €22,750,000 | +€5.8m | +33.8% |
| Cash at bank and in hand | 54/58 | €7,120,999 | €2,912,749 | -€4.2m | -59.1% |
| Deferred charges and accrued income | 490/1 | €303,019 | €525,311 | +€222,292 | +73.4% |
| Total equity and liabilities | 10/49 | €56,503,929 | €59,846,020 | +€3.3m | +5.9% |
| Equity | 10/15 | €42,796,546 | €47,229,171 | +€4.4m | +10.4% |
| Contributions | 10/11 | €1,110,000 | €1,110,000 | = | 0.0% |
| Capital | 10 | €1,110,000 | €1,110,000 | = | 0.0% |
| Issued capital | 100 | €1,110,000 | €1,110,000 | = | 0.0% |
| Reserves | 13 | €41,686,546 | €46,119,171 | +€4.4m | +10.6% |
| Non-distributable reserves | 130/1 | €111,000 | €111,000 | = | 0.0% |
| Legal reserve | 130 | €111,000 | €111,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €860,750 | €18,750 | -€842,000 | -97.8% |
| Distributable reserves | 133 | €40,714,796 | €45,989,421 | +€5.3m | +13.0% |
| Provisions and deferred taxes | 16 | €71,016 | €27,500 | -€43,516 | -61.3% |
| Provisions for liabilities and charges | 160/5 | €71,016 | €27,500 | -€43,516 | -61.3% |
| Other liabilities and charges | 164/5 | €71,016 | €27,500 | -€43,516 | -61.3% |
| Amounts payable | 17/49 | €13,636,367 | €12,589,349 | -€1.0m | -7.7% |
| Amounts payable after more than one year | 17 | €1,687,500 | €895,833 | -€791,667 | -46.9% |
| Financial debts | 170/4 | €1,687,500 | €895,833 | -€791,667 | -46.9% |
| Credit institutions | 173 | €1,687,500 | €895,833 | -€791,667 | -46.9% |
| Amounts payable within one year | 42/48 | €11,897,445 | €11,598,436 | -€299,010 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €446,429 | €250,000 | -€196,428 | -44.0% |
| Trade debts | 44 | €7,358,871 | €6,983,209 | -€375,662 | -5.1% |
| Suppliers | 440/4 | €7,358,871 | €6,983,209 | -€375,662 | -5.1% |
| Taxes, remuneration and social security | 45 | €1,873,513 | €1,548,835 | -€324,678 | -17.3% |
| Taxes | 450/3 | €348,495 | €282,333 | -€66,162 | -19.0% |
| Remuneration and social security | 454/9 | €1,525,019 | €1,266,502 | -€258,517 | -17.0% |
| Other amounts payable | 47/48 | €2,218,633 | €2,816,392 | +€597,759 | +26.9% |
| Accrued charges and deferred income | 492/3 | €51,422 | €95,081 | +€43,658 | +84.9% |
| Operating income | 70/76A | €15,773,258 | €16,194,003 | +€420,745 | +2.7% |
| Turnover | 70 | €13,405,144 | €14,078,759 | +€673,615 | +5.0% |
| Other operating income | 74 | €2,368,114 | €2,044,907 | -€323,207 | -13.6% |
| Non-recurring operating income | 76A | €0 | €70,336 | +€70,336 | |
| Operating charges | 60/66A | €12,136,301 | €12,209,039 | +€72,738 | +0.6% |
| Goods for resale, raw materials and consumables | 60 | €4,688,187 | €4,178,295 | -€509,893 | -10.9% |
| Purchases | 600/8 | €4,562,187 | €4,035,276 | -€526,911 | -11.5% |
| Change in stocks: decrease (increase) | 609 | €126,000 | €143,019 | +€17,019 | +13.5% |
| Services and other goods | 61 | €2,599,716 | €3,112,680 | +€512,965 | +19.7% |
| Remuneration, social security and pensions | 62 | €4,402,493 | €4,405,197 | +€2,705 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €299,395 | €272,031 | -€27,364 | -9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €124,893 | €264,207 | +€139,314 | +111.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,947 | -€43,516 | -€51,463 | |
| Other operating charges | 640/8 | €13,670 | €17,909 | +€4,239 | +31.0% |
| Non-recurring operating charges | 66A | - | €2,236 | +€2,236 | |
| Operating profit (loss) | 9901 | €3,636,956 | €3,984,963 | +€348,007 | +9.6% |
| Financial income | 75/76B | €8,752,589 | €2,212,420 | -€6.5m | -74.7% |
| Recurring financial income | 75 | €4,143,317 | €2,212,420 | -€1.9m | -46.6% |
| Income from financial fixed assets | 750 | €3,395,662 | €982,263 | -€2.4m | -71.1% |
| Income from current assets | 751 | €370,117 | €808,597 | +€438,480 | +118.5% |
| Other financial income | 752/9 | €377,538 | €421,560 | +€44,022 | +11.7% |
| Non-recurring financial income | 76B | €4,609,272 | €0 | -€4.6m | -100.0% |
| Financial charges | 65/66B | €427,656 | -€180,801 | -€608,457 | |
| Recurring financial charges | 65 | €423,491 | -€180,801 | -€604,292 | |
| Debt charges | 650 | €82,308 | €84,079 | +€1,771 | +2.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €300,000 | -€300,000 | -€600,000 | |
| Other financial charges | 652/9 | €41,182 | €35,120 | -€6,062 | -14.7% |
| Non-recurring financial charges | 66B | €4,165 | €0 | -€4,165 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €11,961,890 | €6,378,184 | -€5.6m | -46.7% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €994,050 | €1,345,559 | +€351,509 | +35.4% |
| Taxes | 670/3 | €1,120,419 | €1,345,621 | +€225,202 | +20.1% |
| Tax adjustments and reversals of tax provisions | 77 | €126,369 | €62 | -€126,307 | -100.0% |
| Profit (loss) for the period | 9904 | €10,967,839 | €5,032,625 | -€5.9m | -54.1% |
| Transfer from tax-exempt reserves | 789 | €0 | €842,000 | +€842,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,967,839 | €5,874,625 | -€5.1m | -46.4% |
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.