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.
PROVAN
Largest movements
- Tangible fixed assets -€41,596
down €41,596 (-3.3%), from €1.3m to €1.2m
of which Land and buildings: -€41,596
- Debts after one year -€71,477
down €71,477 (-20.8%), from €343,227 to €271,750
of which Other amounts payable: -€39,790
- Reserves +€30,484
up €30,484 (+7.2%), from €424,872 to €455,355
of which Distributable reserves: +€32,383
- Gross operating margin +€34,244
up €34,244 (+60.8%), from €56,312 to €90,555
- Financial charges -€1,702
down €1,702 (-12.9%), from €13,152 to €11,450
- Depreciation -€1,402
down €1,402 (-3.3%), from €42,998 to €41,596
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 | €1,336,179 | €1,305,187 | -€30,992 | -2.3% |
| Fixed assets | 21/28 | €1,253,860 | €1,212,264 | -€41,596 | -3.3% |
| Tangible fixed assets | 22/27 | €1,253,860 | €1,212,264 | -€41,596 | -3.3% |
| Land and buildings | 22 | €1,253,860 | €1,212,264 | -€41,596 | -3.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €82,320 | €92,923 | +€10,603 | +12.9% |
| Amounts receivable within one year | 40/41 | €5,178 | €5,260 | +€83 | +1.6% |
| Trade receivables | 40 | €852 | €92 | -€760 | -89.2% |
| Other amounts receivable | 41 | €4,326 | €5,168 | +€843 | +19.5% |
| Cash at bank and in hand | 54/58 | €72,665 | €83,779 | +€11,114 | +15.3% |
| Deferred charges and accrued income | 490/1 | €4,478 | €3,884 | -€593 | -13.3% |
| Total equity and liabilities | 10/49 | €1,336,179 | €1,305,187 | -€30,992 | -2.3% |
| Equity | 10/15 | €951,938 | €982,422 | +€30,484 | +3.2% |
| Contributions | 10/11 | €527,067 | €527,067 | = | 0.0% |
| Capital | 10 | €527,067 | €527,067 | = | 0.0% |
| Issued capital | 100 | €527,067 | €527,067 | = | 0.0% |
| Reserves | 13 | €424,872 | €455,355 | +€30,484 | +7.2% |
| Non-distributable reserves | 130/1 | €34,981 | €34,981 | = | 0.0% |
| Legal reserve | 130 | €34,981 | €34,981 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,929 | €23,030 | -€1,899 | -7.6% |
| Distributable reserves | 133 | €364,961 | €397,344 | +€32,383 | +8.9% |
| Amounts payable | 17/49 | €384,241 | €322,765 | -€61,476 | -16.0% |
| Amounts payable after more than one year | 17 | €343,227 | €271,750 | -€71,477 | -20.8% |
| Financial debts | 170/4 | €143,227 | €111,540 | -€31,687 | -22.1% |
| Other amounts payable | 178/9 | €200,000 | €160,210 | -€39,790 | -19.9% |
| Amounts payable within one year | 42/48 | €38,449 | €47,762 | +€9,312 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €30,986 | €31,687 | +€701 | +2.3% |
| Trade debts | 44 | €463 | €9,969 | +€9,506 | +2053.4% |
| Suppliers | 440/4 | €463 | €9,969 | +€9,506 | +2053.4% |
| Other amounts payable | 47/48 | €7,000 | €6,105 | -€895 | -12.8% |
| Accrued charges and deferred income | 492/3 | €2,565 | €3,253 | +€688 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,998 | €41,596 | -€1,402 | -3.3% |
| Other operating charges | 640/8 | €7,565 | €7,026 | -€539 | -7.1% |
| Gross operating margin | 9900 | €56,312 | €90,555 | +€34,244 | +60.8% |
| Operating profit (loss) | 9901 | €5,748 | €41,934 | +€36,185 | +629.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.8% |
| Financial charges | 65/66B | €13,152 | €11,450 | -€1,702 | -12.9% |
| Recurring financial charges | 65 | €13,152 | €11,450 | -€1,702 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,403 | €30,484 | +€37,887 | |
| Profit (loss) for the period | 9904 | -€7,403 | €30,484 | +€37,887 | |
| Transfer from tax-exempt reserves | 789 | €1,899 | €1,899 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,504 | €32,383 | +€37,887 |
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 29 September 2026 via checked.be.