PROVAS'CO: 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.
PROVAS'CO
Largest movements
- Tangible fixed assets -€155,494
down €155,494 (-4.4%), from €3.5m to €3.4m
of which Land and buildings: -€133,573
- Cash +€123,408
up €123,408 (+926%), from €13,322 to €136,729
mainly Depreciation (+€155,494) and Net result for the year (+€133,175)
- Debts after one year -€187,790
down €187,790 (-8.4%), from €2.2m to €2.1m
- Reserves +€117,905
up €117,905 (+14.1%), from €835,451 to €953,356
of which Distributable reserves: +€117,905
- Gross operating margin +€160,807
up €160,807 (+46.6%), from €344,803 to €505,610
- Taxes +€39,684
up €39,684 (+196%), from €20,258 to €59,942
- Financial charges +€36,637
up €36,637 (+31.0%), from €118,286 to €154,923
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 | €5,371,797 | €5,325,147 | -€46,650 | -0.9% |
| Fixed assets | 21/28 | €3,521,265 | €3,365,772 | -€155,494 | -4.4% |
| Tangible fixed assets | 22/27 | €3,521,265 | €3,365,772 | -€155,494 | -4.4% |
| Land and buildings | 22 | €3,418,420 | €3,284,846 | -€133,573 | -3.9% |
| Plant, machinery and equipment | 23 | €6,178 | €4,245 | -€1,933 | -31.3% |
| Furniture and vehicles | 24 | €59,687 | €39,699 | -€19,988 | -33.5% |
| Other tangible fixed assets | 26 | €36,981 | €36,981 | = | 0.0% |
| Current assets | 29/58 | €1,850,532 | €1,959,375 | +€108,843 | +5.9% |
| Stocks and contracts in progress | 3 | €1,724,696 | €1,724,696 | = | 0.0% |
| Stocks | 30/36 | €1,724,696 | €1,724,696 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €107,384 | €94,488 | -€12,895 | -12.0% |
| Trade receivables | 40 | €107,377 | €94,488 | -€12,888 | -12.0% |
| Other amounts receivable | 41 | €7 | €0 | -€7 | -100% |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,322 | €136,729 | +€123,408 | +926% |
| Deferred charges and accrued income | 490/1 | €5,129 | €3,460 | -€1,669 | -32.5% |
| Total equity and liabilities | 10/49 | €5,371,797 | €5,325,147 | -€46,650 | -0.9% |
| Equity | 10/15 | €1,461,046 | €1,594,222 | +€133,175 | +9.1% |
| Contributions | 10/11 | €625,000 | €625,000 | = | 0.0% |
| Reserves | 13 | €835,451 | €953,356 | +€117,905 | +14.1% |
| Tax-exempt reserves | 132 | €15,223 | €15,223 | = | 0.0% |
| Distributable reserves | 133 | €820,228 | €938,134 | +€117,905 | +14.4% |
| Profit (loss) carried forward | 14 | €595 | €15,865 | +€15,270 | +2,567% |
| Amounts payable | 17/49 | €3,910,751 | €3,730,926 | -€179,826 | -4.6% |
| Amounts payable after more than one year | 17 | €2,240,631 | €2,052,841 | -€187,790 | -8.4% |
| Financial debts | 170/4 | €2,240,631 | €2,052,841 | -€187,790 | -8.4% |
| Amounts payable within one year | 42/48 | €1,670,120 | €1,678,085 | +€7,964 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €183,487 | €187,790 | +€4,303 | +2.3% |
| Financial debts | 43 | €187 | €0 | -€187 | -100% |
| Credit institutions | 430/8 | €187 | €0 | -€187 | -100% |
| Trade debts | 44 | €42,660 | €7,477 | -€35,183 | -82.5% |
| Suppliers | 440/4 | €42,660 | €7,477 | -€35,183 | -82.5% |
| Taxes, remuneration and social security | 45 | €28,050 | €66,335 | +€38,285 | +136% |
| Taxes | 450/3 | €28,050 | €66,335 | +€38,285 | +136% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,415,736 | €1,416,483 | +€746 | +0.1% |
| Non-recurring operating income | 76A | €0 | €15,270 | +€15,270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,129 | €155,494 | +€2,364 | +1.5% |
| Other operating charges | 640/8 | €3,583 | €2,887 | -€696 | -19.4% |
| Gross operating margin | 9900 | €344,803 | €505,610 | +€160,807 | +46.6% |
| Operating profit (loss) | 9901 | €188,090 | €347,229 | +€159,138 | +84.6% |
| Financial income | 75/76B | €116 | €811 | +€695 | +600% |
| Recurring financial income | 75 | €116 | €811 | +€695 | +600% |
| Financial charges | 65/66B | €118,286 | €154,923 | +€36,637 | +31.0% |
| Recurring financial charges | 65 | €118,286 | €154,923 | +€36,637 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €69,921 | €193,117 | +€123,196 | +176% |
| Income taxes | 67/77 | €20,258 | €59,942 | +€39,684 | +196% |
| Profit (loss) for the period | 9904 | €49,663 | €133,175 | +€83,512 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €49,663 | €133,175 | +€83,512 | +168% |
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 24 October 2026 via checked.be.