PROVA - HOF: 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.
PROVA - HOF
Largest movements
- Tangible fixed assets -€111,305
down €111,305 (-5.6%), from €2.0m to €1.9m
of which Plant, machinery and equipment: -€68,251
- Stocks and contracts +€103,460
up €103,460 (+40.8%), from €253,525 to €356,985
- Cash +€26,129
up €26,129 (+29.7%), from €87,897 to €114,026
mainly Depreciation (+€172,173) and Advances received (+€166,000)
- Advances received +€166,000
new in 2025: €166,000
- Debts after one year -€154,547
down €154,547 (-13.7%), from €1.1m to €970,369
- Reserves +€43,142
up €43,142 (+13.5%), from €318,489 to €361,631
of which Distributable reserves: +€43,142
- Write-downs -€161,000
down €161,000, from €125,000 to -€36,000
- Gross operating margin -€18,822
down €18,822 (-5.6%), from €338,093 to €319,271
- Staff costs +€10,960
up €10,960 (+14.6%), from €75,162 to €86,122
- Depreciation +€10,016
up €10,016 (+6.2%), from €162,157 to €172,173
- Financial charges -€5,129
down €5,129 (-12.1%), from €42,443 to €37,314
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 | €2,520,463 | €2,530,887 | +€10,424 | +0.4% |
| Fixed assets | 21/28 | €1,974,973 | €1,863,668 | -€111,305 | -5.6% |
| Tangible fixed assets | 22/27 | €1,974,838 | €1,863,533 | -€111,305 | -5.6% |
| Land and buildings | 22 | €1,305,668 | €1,277,949 | -€27,719 | -2.1% |
| Plant, machinery and equipment | 23 | €619,151 | €550,899 | -€68,251 | -11.0% |
| Furniture and vehicles | 24 | €50,019 | €34,685 | -€15,335 | -30.7% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €545,490 | €667,219 | +€121,729 | +22.3% |
| Stocks and contracts in progress | 3 | €253,525 | €356,985 | +€103,460 | +40.8% |
| Stocks | 30/36 | €253,525 | €356,985 | +€103,460 | +40.8% |
| Amounts receivable within one year | 40/41 | €198,806 | €191,386 | -€7,419 | -3.7% |
| Trade receivables | 40 | €138,095 | €115,059 | -€23,036 | -16.7% |
| Other amounts receivable | 41 | €60,710 | €76,328 | +€15,617 | +25.7% |
| Cash at bank and in hand | 54/58 | €87,897 | €114,026 | +€26,129 | +29.7% |
| Deferred charges and accrued income | 490/1 | €5,262 | €4,821 | -€440 | -8.4% |
| Total equity and liabilities | 10/49 | €2,520,463 | €2,530,887 | +€10,424 | +0.4% |
| Equity | 10/15 | €496,476 | €539,619 | +€43,142 | +8.7% |
| Contributions | 10/11 | €177,988 | €177,988 | = | 0.0% |
| Capital | 10 | €177,988 | €177,988 | = | 0.0% |
| Issued capital | 100 | €177,988 | €177,988 | = | 0.0% |
| Reserves | 13 | €318,489 | €361,631 | +€43,142 | +13.5% |
| Non-distributable reserves | 130/1 | €17,799 | €17,799 | = | 0.0% |
| Legal reserve | 130 | €17,799 | €17,799 | = | 0.0% |
| Distributable reserves | 133 | €300,690 | €343,832 | +€43,142 | +14.3% |
| Amounts payable | 17/49 | €2,023,986 | €1,991,268 | -€32,718 | -1.6% |
| Amounts payable after more than one year | 17 | €1,124,916 | €970,369 | -€154,547 | -13.7% |
| Financial debts | 170/4 | €1,124,916 | €970,369 | -€154,547 | -13.7% |
| Amounts payable within one year | 42/48 | €878,588 | €1,000,709 | +€122,121 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €178,500 | €154,547 | -€23,953 | -13.4% |
| Trade debts | 44 | €57,905 | €53,889 | -€4,017 | -6.9% |
| Suppliers | 440/4 | €57,905 | €53,889 | -€4,017 | -6.9% |
| Advances received on contracts in progress | 46 | - | €166,000 | +€166,000 | |
| Taxes, remuneration and social security | 45 | €8,971 | €6,863 | -€2,109 | -23.5% |
| Taxes | 450/3 | €199 | €471 | +€272 | +137% |
| Remuneration and social security | 454/9 | €8,772 | €6,391 | -€2,381 | -27.1% |
| Other amounts payable | 47/48 | €633,211 | €619,411 | -€13,800 | -2.2% |
| Accrued charges and deferred income | 492/3 | €20,482 | €20,190 | -€292 | -1.4% |
| Remuneration, social security and pensions | 62 | €75,162 | €86,122 | +€10,960 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,157 | €172,173 | +€10,016 | +6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €125,000 | -€36,000 | -€161,000 | |
| Other operating charges | 640/8 | €16,606 | €16,453 | -€154 | -0.9% |
| Gross operating margin | 9900 | €338,093 | €319,271 | -€18,822 | -5.6% |
| Operating profit (loss) | 9901 | -€40,833 | €80,522 | +€121,355 | |
| Financial income | 75/76B | €3,049 | €145 | -€2,904 | -95.2% |
| Recurring financial income | 75 | €3,049 | €145 | -€2,904 | -95.2% |
| Financial charges | 65/66B | €42,443 | €37,314 | -€5,129 | -12.1% |
| Recurring financial charges | 65 | €42,443 | €37,314 | -€5,129 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€80,227 | €43,353 | +€123,581 | |
| Income taxes | 67/77 | €199 | €211 | +€12 | +6.1% |
| Profit (loss) for the period | 9904 | -€80,426 | €43,142 | +€123,568 | |
| Profit (loss) for the period to be appropriated | 9905 | -€80,426 | €43,142 | +€123,568 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.