PROVAN: 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
PROVAN
NACE 25.110, Manufacture of metal structures and parts of structures
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.6m-€276,271
Equity
€6.1m
2024 · €4.8m+€1.3m
Cash
-
not filed
Balance sheet total
€11.3m
2024 · €10.0m+€1.2m
Largest movements
Assets
- Stocks and contracts +€2.6m
up €2.6m (+114.7%), from €2.3m to €4.9m
of which Contracts in progress: +€1.8m
- Receivables within one year -€1.5m
down €1.5m (-33.5%), from €4.4m to €2.9m
of which Trade receivables: -€1.9m
- Tangible fixed assets +€118,661
up €118,661 (+3.6%), from €3.3m to €3.4m
of which Plant, machinery and equipment: +€733,970
Equity and liabilities
- Other debts -€1.7m
down €1.7m (-94.5%), from €1.8m to €97,529
- Trade debts +€1.5m
up €1.5m (+58.7%), from €2.6m to €4.1m
- Reserves +€1.3m
up €1.3m (+27.9%), from €4.7m to €6.0m
of which Distributable reserves: +€1.3m
- Tax, wage and social debts +€144,039
up €144,039 (+45.7%), from €315,438 to €459,477
of which Taxes: +€120,029
Income statement
- Goods and materials +€6.8m
up €6.8m (+51.4%), from €13.2m to €20.0m
of which Purchases: +€7.5m
- Turnover +€6.6m
up €6.6m (+29.2%), from €22.7m to €29.3m
- Services and other goods +€1.1m
up €1.1m (+35.0%), from €3.3m to €4.4m
- Staff costs +€468,753
up €468,753 (+12.1%), from €3.9m to €4.4m
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.
Result 2024
€1.6m
Turnover
+€6.6m
Other operating income
+€9,303
Goods and materials
-€6.8m
Services and other goods
-€1.1m
Staff costs
-€468,753
Depreciation
-€180,071
Other operating charges
-€14,296
Other operating items
+€1.6m
Financial income
+€2,014
Financial charges
+€9,802
Taxes
+€35,000
Deferred taxes and other
+€5
Result 2025
€1.3m
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,038,868 | €11,261,391 | +€1.2m | +12.2% |
| Fixed assets | 21/28 | €3,329,856 | €3,448,517 | +€118,661 | +3.6% |
| Tangible fixed assets | 22/27 | €3,329,856 | €3,448,517 | +€118,661 | +3.6% |
| Land and buildings | 22 | €612,239 | €545,168 | -€67,071 | -11.0% |
| Plant, machinery and equipment | 23 | €1,676,767 | €2,410,737 | +€733,970 | +43.8% |
| Furniture and vehicles | 24 | €12,969 | €55,060 | +€42,091 | +324.5% |
| Leasing and similar rights | 25 | €528,973 | €431,299 | -€97,674 | -18.5% |
| Assets under construction and advance payments | 27 | €498,908 | €6,253 | -€492,656 | -98.7% |
| Current assets | 29/58 | €6,709,012 | €7,812,874 | +€1.1m | +16.5% |
| Stocks and contracts in progress | 3 | €2,271,530 | €4,878,107 | +€2.6m | +114.7% |
| Stocks | 30/36 | €1,749,448 | €2,558,371 | +€808,923 | +46.2% |
| Raw materials and consumables | 30/31 | €1,748,082 | €2,556,570 | +€808,489 | +46.3% |
| Advance payments | 36 | €1,366 | €1,800 | +€434 | +31.8% |
| Contracts in progress | 37 | €522,082 | €2,319,736 | +€1.8m | +344.3% |
| Amounts receivable within one year | 40/41 | €4,394,745 | €2,920,598 | -€1.5m | -33.5% |
| Trade receivables | 40 | €3,316,008 | €1,384,403 | -€1.9m | -58.3% |
| Other amounts receivable | 41 | €1,078,737 | €1,536,195 | +€457,458 | +42.4% |
| Deferred charges and accrued income | 490/1 | €42,737 | €14,169 | -€28,568 | -66.8% |
| Total equity and liabilities | 10/49 | €10,038,868 | €11,261,391 | +€1.2m | +12.2% |
| Equity | 10/15 | €4,810,459 | €6,123,967 | +€1.3m | +27.3% |
| Contributions | 10/11 | €99,200 | €99,200 | = | 0.0% |
| Capital | 10 | €99,200 | €99,200 | = | 0.0% |
| Issued capital | 100 | €99,200 | €99,200 | = | 0.0% |
| Reserves | 13 | €4,711,259 | €6,024,767 | +€1.3m | +27.9% |
| Non-distributable reserves | 130/1 | €9,920 | €9,920 | = | 0.0% |
| Legal reserve | 130 | €9,920 | €9,920 | = | 0.0% |
| Tax-exempt reserves | 132 | €91,404 | €79,029 | -€12,375 | -13.5% |
| Distributable reserves | 133 | €4,609,935 | €5,935,819 | +€1.3m | +28.8% |
| Provisions and deferred taxes | 16 | €10,693 | €6,563 | -€4,130 | -38.6% |
| Deferred taxes | 168 | €10,693 | €6,563 | -€4,130 | -38.6% |
| Amounts payable | 17/49 | €5,217,715 | €5,130,860 | -€86,856 | -1.7% |
| Amounts payable after more than one year | 17 | €420,770 | €341,342 | -€79,427 | -18.9% |
| Financial debts | 170/4 | €420,770 | €341,342 | -€79,427 | -18.9% |
| Leasing and similar obligations | 172 | €420,770 | €341,342 | -€79,427 | -18.9% |
| Amounts payable within one year | 42/48 | €4,796,946 | €4,789,518 | -€7,428 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €91,511 | €98,798 | +€7,287 | +8.0% |
| Financial debts | 43 | - | €341 | +€341 | |
| Credit institutions | 430/8 | - | €341 | +€341 | |
| Trade debts | 44 | €2,604,390 | €4,133,373 | +€1.5m | +58.7% |
| Suppliers | 440/4 | €2,604,390 | €4,133,373 | +€1.5m | +58.7% |
| Taxes, remuneration and social security | 45 | €315,438 | €459,477 | +€144,039 | +45.7% |
| Taxes | 450/3 | €6,031 | €126,060 | +€120,029 | +1990.2% |
| Remuneration and social security | 454/9 | €309,407 | €333,416 | +€24,010 | +7.8% |
| Other amounts payable | 47/48 | €1,785,607 | €97,529 | -€1.7m | -94.5% |
| Operating income | 70/76A | €23,011,135 | €31,265,751 | +€8.3m | +35.9% |
| Turnover | 70 | €22,657,283 | €29,275,626 | +€6.6m | +29.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €51,082 | €1,797,654 | +€1.7m | +3419.2% |
| Other operating income | 74 | €172,668 | €181,971 | +€9,303 | +5.4% |
| Non-recurring operating income | 76A | €130,103 | €10,500 | -€119,603 | -91.9% |
| Operating charges | 60/66A | €20,815,507 | €29,393,214 | +€8.6m | +41.2% |
| Goods for resale, raw materials and consumables | 60 | €13,180,883 | €19,960,020 | +€6.8m | +51.4% |
| Purchases | 600/8 | €13,303,964 | €20,768,509 | +€7.5m | +56.1% |
| Change in stocks: decrease (increase) | 609 | -€123,082 | -€808,489 | -€685,407 | -556.9% |
| Services and other goods | 61 | €3,251,941 | €4,389,260 | +€1.1m | +35.0% |
| Remuneration, social security and pensions | 62 | €3,886,491 | €4,355,244 | +€468,753 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €461,490 | €641,562 | +€180,071 | +39.0% |
| Other operating charges | 640/8 | €32,832 | €47,129 | +€14,296 | +43.5% |
| Non-recurring operating charges | 66A | €1,869 | €0 | -€1,869 | -100.0% |
| Operating profit (loss) | 9901 | €2,195,628 | €1,872,537 | -€323,091 | -14.7% |
| Financial income | 75/76B | €10,195 | €12,209 | +€2,014 | +19.8% |
| Recurring financial income | 75 | €10,195 | €12,209 | +€2,014 | +19.8% |
| Income from current assets | 751 | €7,760 | €11,078 | +€3,319 | +42.8% |
| Other financial income | 752/9 | €2,436 | €1,131 | -€1,305 | -53.6% |
| Financial charges | 65/66B | €70,170 | €60,368 | -€9,802 | -14.0% |
| Recurring financial charges | 65 | €70,170 | €60,368 | -€9,802 | -14.0% |
| Debt charges | 650 | €40,647 | €50,068 | +€9,421 | +23.2% |
| Other financial charges | 652/9 | €29,523 | €10,300 | -€19,223 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | €2,135,654 | €1,824,379 | -€311,276 | -14.6% |
| Transfer from deferred taxes | 780 | €4,125 | €4,130 | +€5 | +0.1% |
| Income taxes | 67/77 | €550,000 | €515,000 | -€35,000 | -6.4% |
| Taxes | 670/3 | €550,000 | €515,000 | -€35,000 | -6.4% |
| Profit (loss) for the period | 9904 | €1,589,779 | €1,313,509 | -€276,271 | -17.4% |
| Transfer from tax-exempt reserves | 789 | €12,375 | €12,375 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,602,154 | €1,325,884 | -€276,271 | -17.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.