PROVAN: 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.
PROVAN
Largest movements
- Tangible fixed assets -€254,790
down €254,790 (-4.6%), from €5.6m to €5.3m
- Cash +€104,876
up €104,876 (+34.0%), from €308,436 to €413,312
mainly Depreciation (+€254,790) and Net result for the year (+€171,329)
- Reserves +€171,329
up €171,329 (+4.0%), from €4.3m to €4.5m
of which Distributable reserves: +€181,801
- Other debts -€141,612
down €141,612 (-26.3%), from €538,483 to €396,871
- Debts after one year -€99,493
down €99,493 (-15.7%), from €632,719 to €533,226
- Gross operating margin -€28,530
down €28,530 (-5.7%), from €504,503 to €475,973
- Financial income +€5,592
up €5,592 (+41.3%), from €13,533 to €19,125
- Financial charges +€5,448
up €5,448 (+31.6%), from €17,239 to €22,688
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,455,621 | €6,346,876 | -€108,745 | -1.7% |
| Fixed assets | 21/28 | €5,591,355 | €5,336,566 | -€254,790 | -4.6% |
| Tangible fixed assets | 22/27 | €5,591,355 | €5,336,566 | -€254,790 | -4.6% |
| Land and buildings | 22 | €5,591,355 | €5,336,566 | -€254,790 | -4.6% |
| Current assets | 29/58 | €864,266 | €1,010,310 | +€146,044 | +16.9% |
| Amounts receivable within one year | 40/41 | €95,884 | €107,205 | +€11,321 | +11.8% |
| Trade receivables | 40 | €45,884 | €83,974 | +€38,090 | +83.0% |
| Other amounts receivable | 41 | €50,000 | €23,231 | -€26,769 | -53.5% |
| Current investments | 50/53 | €457,888 | €487,888 | +€30,000 | +6.6% |
| Cash at bank and in hand | 54/58 | €308,436 | €413,312 | +€104,876 | +34.0% |
| Deferred charges and accrued income | 490/1 | €2,058 | €1,905 | -€153 | -7.4% |
| Total equity and liabilities | 10/49 | €6,455,621 | €6,346,876 | -€108,745 | -1.7% |
| Equity | 10/15 | €4,631,281 | €4,802,609 | +€171,329 | +3.7% |
| Contributions | 10/11 | €292,215 | €292,215 | = | 0.0% |
| Reserves | 13 | €4,336,420 | €4,507,748 | +€171,329 | +4.0% |
| Tax-exempt reserves | 132 | €89,187 | €78,714 | -€10,473 | -11.7% |
| Distributable reserves | 133 | €4,247,232 | €4,429,034 | +€181,801 | +4.3% |
| Profit (loss) carried forward | 14 | €2,646 | €2,646 | = | 0.0% |
| Provisions and deferred taxes | 16 | €442,934 | €397,070 | -€45,864 | -10.4% |
| Deferred taxes | 168 | €442,934 | €397,070 | -€45,864 | -10.4% |
| Amounts payable | 17/49 | €1,381,407 | €1,147,197 | -€234,210 | -17.0% |
| Amounts payable after more than one year | 17 | €632,719 | €533,226 | -€99,493 | -15.7% |
| Financial debts | 170/4 | €632,719 | €533,226 | -€99,493 | -15.7% |
| Amounts payable within one year | 42/48 | €685,088 | €545,924 | -€139,164 | -20.3% |
| Financial debts | 43 | €98,827 | €99,493 | +€666 | +0.7% |
| Credit institutions | 430/8 | €98,827 | €99,493 | +€666 | +0.7% |
| Trade debts | 44 | €32,713 | €40,100 | +€7,386 | +22.6% |
| Suppliers | 440/4 | €32,713 | €40,100 | +€7,386 | +22.6% |
| Taxes, remuneration and social security | 45 | €15,065 | €9,460 | -€5,605 | -37.2% |
| Taxes | 450/3 | €15,065 | €9,460 | -€5,605 | -37.2% |
| Other amounts payable | 47/48 | €538,483 | €396,871 | -€141,612 | -26.3% |
| Accrued charges and deferred income | 492/3 | €63,600 | €68,047 | +€4,447 | +7.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,107 | €254,790 | -€318 | -0.1% |
| Other operating charges | 640/8 | €1,967 | €5,416 | +€3,449 | +175% |
| Gross operating margin | 9900 | €504,503 | €475,973 | -€28,530 | -5.7% |
| Operating profit (loss) | 9901 | €247,429 | €215,767 | -€31,661 | -12.8% |
| Financial income | 75/76B | €13,533 | €19,125 | +€5,592 | +41.3% |
| Recurring financial income | 75 | €13,533 | €19,125 | +€5,592 | +41.3% |
| Financial charges | 65/66B | €17,239 | €22,688 | +€5,448 | +31.6% |
| Recurring financial charges | 65 | €17,239 | €22,688 | +€5,448 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €243,723 | €212,205 | -€31,518 | -12.9% |
| Transfer from deferred taxes | 780 | €45,864 | €45,864 | = | 0.0% |
| Income taxes | 67/77 | €85,715 | €86,740 | +€1,025 | +1.2% |
| Profit (loss) for the period | 9904 | €203,872 | €171,329 | -€32,543 | -16.0% |
| Transfer from tax-exempt reserves | 789 | €10,473 | €10,473 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €214,345 | €181,801 | -€32,543 | -15.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.