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 -€56,837
down €56,837 (-16.8%), from €337,397 to €280,560
of which Furniture and vehicles: -€31,853
- Stocks and contracts -€31,103
down €31,103 (-26.9%), from €115,453 to €84,350
- Receivables within one year +€26,785
up €26,785 (+141%), from €19,003 to €45,787
of which Trade receivables: +€23,997
- Cash -€13,068
down €13,068 (-11.2%), from €116,516 to €103,448
mainly Debts after one year (-€43,919) and Receivables within one year (-€26,785)
- Debts after one year -€43,919
down €43,919 (-34.7%), from €126,407 to €82,489
- Profit (loss) carried forward -€20,086
down €20,086 (-17.5%), from €114,819 to €94,733
- Trade debts +€14,402
up €14,402 (+141%), from €10,226 to €24,628
- Reserves -€12,000
down €12,000 (-5.5%), from €216,905 to €204,905
of which Distributable reserves: -€12,000
- Tax, wage and social debts -€7,064
down €7,064 (-19.4%), from €36,333 to €29,269
of which Taxes: -€6,520
- Gross operating margin -€57,337
down €57,337 (-32.7%), from €175,129 to €117,791
- Depreciation -€8,394
down €8,394 (-14.0%), from €59,773 to €51,379
- Taxes -€7,792
down €7,792 (-100%), from €7,792 to €0
- Financial charges -€7,493
down €7,493 (-42.1%), from €17,801 to €10,308
- Financial income -€3,246
down €3,246 (-18.2%), from €17,870 to €14,625
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.
Derived cash bridge
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 | €594,620 | €520,658 | -€73,962 | -12.4% |
| Fixed assets | 21/28 | €337,397 | €280,560 | -€56,837 | -16.8% |
| Tangible fixed assets | 22/27 | €337,397 | €280,560 | -€56,837 | -16.8% |
| Land and buildings | 22 | €138,946 | €127,162 | -€11,784 | -8.5% |
| Plant, machinery and equipment | 23 | €1,261 | €1,449 | +€188 | +14.9% |
| Furniture and vehicles | 24 | €118,849 | €86,995 | -€31,853 | -26.8% |
| Leasing and similar rights | 25 | €288 | €0 | -€288 | -100% |
| Other tangible fixed assets | 26 | €78,053 | €64,953 | -€13,100 | -16.8% |
| Current assets | 29/58 | €257,223 | €240,098 | -€17,125 | -6.7% |
| Stocks and contracts in progress | 3 | €115,453 | €84,350 | -€31,103 | -26.9% |
| Stocks | 30/36 | €115,453 | €84,350 | -€31,103 | -26.9% |
| Amounts receivable within one year | 40/41 | €19,003 | €45,787 | +€26,785 | +141% |
| Trade receivables | 40 | €11,664 | €35,661 | +€23,997 | +206% |
| Other amounts receivable | 41 | €7,339 | €10,126 | +€2,787 | +38.0% |
| Cash at bank and in hand | 54/58 | €116,516 | €103,448 | -€13,068 | -11.2% |
| Deferred charges and accrued income | 490/1 | €6,251 | €6,513 | +€262 | +4.2% |
| Total equity and liabilities | 10/49 | €594,620 | €520,658 | -€73,962 | -12.4% |
| Equity | 10/15 | €350,274 | €318,188 | -€32,086 | -9.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €216,905 | €204,905 | -€12,000 | -5.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €216,905 | €204,905 | -€12,000 | -5.5% |
| Profit (loss) carried forward | 14 | €114,819 | €94,733 | -€20,086 | -17.5% |
| Amounts payable | 17/49 | €244,346 | €202,470 | -€41,876 | -17.1% |
| Amounts payable after more than one year | 17 | €126,407 | €82,489 | -€43,919 | -34.7% |
| Financial debts | 170/4 | €126,407 | €82,489 | -€43,919 | -34.7% |
| Amounts payable within one year | 42/48 | €116,702 | €119,981 | +€3,279 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €48,199 | €43,919 | -€4,281 | -8.9% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €10,226 | €24,628 | +€14,402 | +141% |
| Suppliers | 440/4 | €10,226 | €24,628 | +€14,402 | +141% |
| Advances received on contracts in progress | 46 | €1,118 | €1,340 | +€222 | +19.8% |
| Taxes, remuneration and social security | 45 | €36,333 | €29,269 | -€7,064 | -19.4% |
| Taxes | 450/3 | €30,098 | €23,578 | -€6,520 | -21.7% |
| Remuneration and social security | 454/9 | €6,234 | €5,691 | -€544 | -8.7% |
| Other amounts payable | 47/48 | €826 | €826 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,236 | €0 | -€1,236 | -100% |
| Non-recurring operating income | 76A | €36,196 | €0 | -€36,196 | -100% |
| Remuneration, social security and pensions | 62 | €82,542 | €85,553 | +€3,011 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,773 | €51,379 | -€8,394 | -14.0% |
| Other operating charges | 640/8 | €4,898 | €5,263 | +€365 | +7.4% |
| Non-recurring operating charges | 66A | €335 | €0 | -€335 | -100% |
| Gross operating margin | 9900 | €175,129 | €117,791 | -€57,337 | -32.7% |
| Operating profit (loss) | 9901 | €27,580 | -€24,403 | -€51,983 | |
| Financial income | 75/76B | €17,870 | €14,625 | -€3,246 | -18.2% |
| Recurring financial income | 75 | €17,870 | €14,625 | -€3,246 | -18.2% |
| Financial charges | 65/66B | €17,801 | €10,308 | -€7,493 | -42.1% |
| Recurring financial charges | 65 | €17,801 | €10,308 | -€7,493 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €27,650 | -€20,086 | -€47,736 | |
| Income taxes | 67/77 | €7,792 | €0 | -€7,792 | -100% |
| Profit (loss) for the period | 9904 | €19,858 | -€20,086 | -€39,944 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,858 | -€20,086 | -€39,944 |
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 18 October 2026 via checked.be.