PROVA-SERVICE: 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-SERVICE
Largest movements
- Cash -€315,514
down €315,514 (-39.0%), from €809,667 to €494,153
mainly Investment in fixed assets (net) (-€513,401) and Trade debts (-€185,587)
- Tangible fixed assets +€53,501
up €53,501 (+1.7%), from €3.1m to €3.2m
of which Plant, machinery and equipment: +€194,993
- Trade debts -€185,587
down €185,587 (-35.1%), from €528,487 to €342,899
- Debts after one year -€182,660
down €182,660 (-15.0%), from €1.2m to €1.0m
- Reserves +€59,139
up €59,139 (+2.0%), from €2.9m to €3.0m
of which Distributable reserves: +€59,139
- Depreciation -€76,006
down €76,006 (-14.2%), from €535,906 to €459,900
- Staff costs +€57,043
up €57,043 (+68.8%), from €82,872 to €139,914
- Write-downs -€27,304
down €27,304, from €14,059 to -€13,246
- Gross operating margin -€10,968
down €10,968 (-1.5%), from €735,393 to €724,425
- Taxes +€10,751
up €10,751 (+81.5%), from €13,186 to €23,938
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 | €5,120,100 | €4,812,601 | -€307,498 | -6.0% |
| Fixed assets | 21/28 | €3,150,322 | €3,203,823 | +€53,501 | +1.7% |
| Tangible fixed assets | 22/27 | €3,149,822 | €3,203,323 | +€53,501 | +1.7% |
| Land and buildings | 22 | €1,705,799 | €1,572,289 | -€133,509 | -7.8% |
| Plant, machinery and equipment | 23 | €1,405,458 | €1,600,451 | +€194,993 | +13.9% |
| Furniture and vehicles | 24 | €38,566 | €30,583 | -€7,983 | -20.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,969,778 | €1,608,778 | -€360,999 | -18.3% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €196,339 | €185,362 | -€10,978 | -5.6% |
| Stocks | 30/36 | €196,339 | €185,362 | -€10,978 | -5.6% |
| Amounts receivable within one year | 40/41 | €692,890 | €657,640 | -€35,251 | -5.1% |
| Trade receivables | 40 | €540,052 | €467,629 | -€72,423 | -13.4% |
| Other amounts receivable | 41 | €152,838 | €190,011 | +€37,172 | +24.3% |
| Cash at bank and in hand | 54/58 | €809,667 | €494,153 | -€315,514 | -39.0% |
| Deferred charges and accrued income | 490/1 | €20,881 | €21,624 | +€743 | +3.6% |
| Total equity and liabilities | 10/49 | €5,120,100 | €4,812,601 | -€307,498 | -6.0% |
| Equity | 10/15 | €3,117,071 | €3,176,209 | +€59,139 | +1.9% |
| Contributions | 10/11 | €185,000 | €185,000 | = | 0.0% |
| Capital | 10 | €185,000 | €185,000 | = | 0.0% |
| Issued capital | 100 | €185,000 | €185,000 | = | 0.0% |
| Reserves | 13 | €2,932,071 | €2,991,209 | +€59,139 | +2.0% |
| Non-distributable reserves | 130/1 | €18,500 | €18,500 | = | 0.0% |
| Legal reserve | 130 | €18,500 | €18,500 | = | 0.0% |
| Distributable reserves | 133 | €2,913,571 | €2,972,709 | +€59,139 | +2.0% |
| Amounts payable | 17/49 | €2,003,029 | €1,636,392 | -€366,637 | -18.3% |
| Amounts payable after more than one year | 17 | €1,220,832 | €1,038,173 | -€182,660 | -15.0% |
| Financial debts | 170/4 | €1,220,832 | €1,038,173 | -€182,660 | -15.0% |
| Amounts payable within one year | 42/48 | €782,197 | €598,220 | -€183,977 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €179,026 | €182,660 | +€3,634 | +2.0% |
| Trade debts | 44 | €528,487 | €342,899 | -€185,587 | -35.1% |
| Suppliers | 440/4 | €528,487 | €342,899 | -€185,587 | -35.1% |
| Taxes, remuneration and social security | 45 | €22,838 | €22,332 | -€506 | -2.2% |
| Taxes | 450/3 | €8,892 | €1,974 | -€6,918 | -77.8% |
| Remuneration and social security | 454/9 | €13,946 | €20,358 | +€6,412 | +46.0% |
| Other amounts payable | 47/48 | €51,846 | €50,328 | -€1,518 | -2.9% |
| Remuneration, social security and pensions | 62 | €82,872 | €139,914 | +€57,043 | +68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €535,906 | €459,900 | -€76,006 | -14.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,059 | -€13,246 | -€27,304 | |
| Other operating charges | 640/8 | €27,419 | €28,265 | +€846 | +3.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €735,393 | €724,425 | -€10,968 | -1.5% |
| Operating profit (loss) | 9901 | €75,138 | €109,591 | +€34,453 | +45.9% |
| Financial income | 75/76B | €17,204 | €16,899 | -€304 | -1.8% |
| Recurring financial income | 75 | €17,204 | €16,899 | -€304 | -1.8% |
| Financial charges | 65/66B | €46,337 | €43,414 | -€2,923 | -6.3% |
| Recurring financial charges | 65 | €46,337 | €43,414 | -€2,923 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €46,005 | €83,076 | +€37,072 | +80.6% |
| Income taxes | 67/77 | €13,186 | €23,938 | +€10,751 | +81.5% |
| Profit (loss) for the period | 9904 | €32,818 | €59,139 | +€26,320 | +80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,818 | €59,139 | +€26,320 | +80.2% |
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 18 October 2026 via checked.be.