PROVACO: 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.
PROVACO
Largest movements
- Stocks and contracts -€56,972
down €56,972 (-18.3%), from €311,709 to €254,737
- Receivables within one year -€49,639
down €49,639 (-64.1%), from €77,497 to €27,858
of which Trade receivables: -€38,820
- Cash -€30,965
down €30,965 (-75.7%), from €40,903 to €9,938
mainly Trade debts (-€59,204) and Net result for the year (-€59,050)
- Trade debts -€59,204
down €59,204 (-29.3%), from €202,267 to €143,063
- Profit (loss) carried forward -€59,050
down €59,050 (-35.8%), from €164,982 to €105,933
- Debts after one year -€25,000
no longer reported in 2025 (was €25,000)
- Gross operating margin -€81,964
down €81,964, from €50,227 to -€31,737
- Financial charges -€2,709
down €2,709 (-25.9%), from €10,459 to €7,750
- Other operating charges +€1,494
up €1,494 (+42.9%), from €3,486 to €4,980
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.
Cash bridge derived
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 | €809,075 | €665,781 | -€143,294 | -17.7% |
| Fixed assets | 21/28 | €376,175 | €368,771 | -€7,404 | -2.0% |
| Tangible fixed assets | 22/27 | €376,040 | €368,636 | -€7,404 | -2.0% |
| Land and buildings | 22 | €371,948 | €360,730 | -€11,218 | -3.0% |
| Plant, machinery and equipment | 23 | €4,092 | €6,007 | +€1,915 | +46.8% |
| Furniture and vehicles | 24 | - | €1,899 | +€1,899 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €432,900 | €297,010 | -€135,890 | -31.4% |
| Stocks and contracts in progress | 3 | €311,709 | €254,737 | -€56,972 | -18.3% |
| Stocks | 30/36 | €311,709 | €254,737 | -€56,972 | -18.3% |
| Amounts receivable within one year | 40/41 | €77,497 | €27,858 | -€49,639 | -64.1% |
| Trade receivables | 40 | €50,480 | €11,660 | -€38,820 | -76.9% |
| Other amounts receivable | 41 | €27,017 | €16,198 | -€10,819 | -40.0% |
| Cash at bank and in hand | 54/58 | €40,903 | €9,938 | -€30,965 | -75.7% |
| Deferred charges and accrued income | 490/1 | €2,791 | €4,477 | +€1,686 | +60.4% |
| Total equity and liabilities | 10/49 | €809,075 | €665,781 | -€143,294 | -17.7% |
| Equity | 10/15 | €222,246 | €163,196 | -€59,050 | -26.6% |
| Contributions | 10/11 | €52,058 | €52,058 | = | 0.0% |
| Reserves | 13 | €5,206 | €5,206 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,206 | €5,206 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,206 | €5,206 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,982 | €105,933 | -€59,050 | -35.8% |
| Amounts payable | 17/49 | €586,830 | €502,585 | -€84,244 | -14.4% |
| Amounts payable after more than one year | 17 | €25,000 | - | -€25,000 | |
| Financial debts | 170/4 | €25,000 | - | -€25,000 | |
| Amounts payable within one year | 42/48 | €561,830 | €502,585 | -€59,244 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €202,267 | €143,063 | -€59,204 | -29.3% |
| Suppliers | 440/4 | €202,267 | €143,063 | -€59,204 | -29.3% |
| Taxes, remuneration and social security | 45 | €387 | €1,248 | +€861 | +222.8% |
| Taxes | 450/3 | €387 | - | -€387 | |
| Remuneration and social security | 454/9 | - | €1,248 | +€1,248 | |
| Other amounts payable | 47/48 | €184,176 | €183,275 | -€902 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,989 | €14,683 | -€306 | -2.0% |
| Other operating charges | 640/8 | €3,486 | €4,980 | +€1,494 | +42.9% |
| Gross operating margin | 9900 | €50,227 | -€31,737 | -€81,964 | |
| Operating profit (loss) | 9901 | €31,752 | -€51,400 | -€83,151 | |
| Financial income | 75/76B | €3 | €100 | +€97 | +3168.6% |
| Recurring financial income | 75 | €3 | €100 | +€97 | +3168.6% |
| Financial charges | 65/66B | €10,459 | €7,750 | -€2,709 | -25.9% |
| Recurring financial charges | 65 | €10,459 | €7,750 | -€2,709 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €21,296 | -€59,050 | -€80,345 | |
| Profit (loss) for the period | 9904 | €21,296 | -€59,050 | -€80,345 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,296 | -€59,050 | -€80,345 |
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 11 October 2026 via checked.be.