PROVALUE: what changed
PROVALUE
Largest movements
- Stocks and contracts -€2.7m
down €2.7m (-100%), from €2.7m to €0
- Tangible fixed assets +€2.0m
up €2.0m (+90.1%), from €2.2m to €4.2m
of which Land and buildings: +€2.0m
- Cash -€297,438
down €297,438 (-42.2%), from €705,199 to €407,761
mainly Investment in fixed assets (net) (-€2.1m) and Short-term financial debts (-€1.8m)
- Deferred charges and accrued income +€59,454
up €59,454 (+1,717%), from €3,462 to €62,916
- Short-term financial debts -€1.8m
down €1.8m (-41.4%), from €4.3m to €2.5m
- Other debts +€672,565
up €672,565 (+914%), from €73,570 to €746,135
- Reserves +€158,091
up €158,091 (+12.0%), from €1.3m to €1.5m
of which Distributable reserves: +€158,091
- Gross operating margin +€679,206
up €679,206, from -€108,803 to €570,403
- Financial income -€80,797
down €80,797 (-100.0%), from €80,807 to €10
- Depreciation +€59,698
up €59,698 (+87.7%), from €68,051 to €127,749
- Financial charges -€26,810
down €26,810 (-10.3%), from €259,045 to €232,235
- Taxes +€16,465
new in 2025: €16,465
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,746,326 | €4,812,125 | -€934,201 | -16.3% |
| Fixed assets | 21/28 | €2,362,157 | €4,333,114 | +€2.0m | +83.4% |
| Tangible fixed assets | 22/27 | €2,187,157 | €4,158,114 | +€2.0m | +90.1% |
| Land and buildings | 22 | €2,125,960 | €4,117,895 | +€2.0m | +93.7% |
| Furniture and vehicles | 24 | €61,197 | €40,219 | -€20,977 | -34.3% |
| Financial fixed assets | 28 | €175,000 | €175,000 | = | 0.0% |
| Current assets | 29/58 | €3,384,169 | €479,010 | -€2.9m | -85.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €2,675,508 | €0 | -€2.7m | -100% |
| Stocks | 30/36 | €2,675,508 | €0 | -€2.7m | -100% |
| Amounts receivable within one year | 40/41 | €0 | €8,333 | +€8,333 | |
| Trade receivables | 40 | €0 | €8,333 | +€8,333 | |
| Cash at bank and in hand | 54/58 | €705,199 | €407,761 | -€297,438 | -42.2% |
| Deferred charges and accrued income | 490/1 | €3,462 | €62,916 | +€59,454 | +1,717% |
| Total equity and liabilities | 10/49 | €5,746,326 | €4,812,125 | -€934,201 | -16.3% |
| Equity | 10/15 | €1,336,788 | €1,494,879 | +€158,091 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,318,188 | €1,476,279 | +€158,091 | +12.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,318,188 | €1,476,279 | +€158,091 | +12.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,409,537 | €3,317,246 | -€1.1m | -24.8% |
| Amounts payable within one year | 42/48 | €4,404,499 | €3,293,394 | -€1.1m | -25.2% |
| Financial debts | 43 | €4,258,928 | €2,493,921 | -€1.8m | -41.4% |
| Credit institutions | 430/8 | €4,258,928 | €2,493,921 | -€1.8m | -41.4% |
| Trade debts | 44 | €36,707 | €37,209 | +€503 | +1.4% |
| Suppliers | 440/4 | €36,707 | €37,209 | +€503 | +1.4% |
| Taxes, remuneration and social security | 45 | €35,294 | €16,129 | -€19,165 | -54.3% |
| Taxes | 450/3 | €35,294 | €16,129 | -€19,165 | -54.3% |
| Other amounts payable | 47/48 | €73,570 | €746,135 | +€672,565 | +914% |
| Accrued charges and deferred income | 492/3 | €5,039 | €23,852 | +€18,813 | +373% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,051 | €127,749 | +€59,698 | +87.7% |
| Other operating charges | 640/8 | €34,236 | €35,874 | +€1,638 | +4.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€108,803 | €570,403 | +€679,206 | |
| Operating profit (loss) | 9901 | -€211,089 | €406,781 | +€617,870 | |
| Financial income | 75/76B | €80,807 | €10 | -€80,797 | -100.0% |
| Recurring financial income | 75 | €80,807 | €10 | -€80,797 | -100.0% |
| Financial charges | 65/66B | €259,045 | €232,235 | -€26,810 | -10.3% |
| Recurring financial charges | 65 | €259,045 | €232,235 | -€26,810 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€389,327 | €174,556 | +€563,883 | |
| Income taxes | 67/77 | - | €16,465 | +€16,465 | |
| Profit (loss) for the period | 9904 | -€389,327 | €158,091 | +€547,418 | |
| Profit (loss) for the period to be appropriated | 9905 | -€389,327 | €158,091 | +€547,418 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.