PROVASTGOED: 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.
PROVASTGOED
Largest movements
- Cash +€184,834
up €184,834 (+1,236%), from €14,960 to €199,794
mainly Current portion of long-term debt (+€243,895) and Other debts (+€31,490)
- Stocks and contracts +€43,882
up €43,882 (+13.4%), from €328,267 to €372,149
- Current portion of long-term debt +€243,895
up €243,895 (+2,548%), from €9,573 to €253,468
- Trade debts -€39,202
down €39,202 (-98.0%), from €40,000 to €798
- Other debts +€31,490
up €31,490 (+56.8%), from €55,450 to €86,940
- Debts after one year -€9,718
down €9,718 (-16.0%), from €60,559 to €50,841
- Gross operating margin -€125,835
down €125,835 (-93.2%), from €135,040 to €9,205
- Financial charges -€37,820
down €37,820 (-84.8%), from €44,614 to €6,794
- Taxes -€18,116
down €18,116 (-100%), from €18,116 to €0
- Other operating charges -€3,405
down €3,405 (-60.0%), from €5,672 to €2,268
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 | €392,959 | €617,802 | +€224,842 | +57.2% |
| Fixed assets | 21/28 | €47,090 | €45,323 | -€1,767 | -3.8% |
| Tangible fixed assets | 22/27 | €47,090 | €45,323 | -€1,767 | -3.8% |
| Land and buildings | 22 | €47,090 | €45,323 | -€1,767 | -3.8% |
| Current assets | 29/58 | €345,870 | €572,479 | +€226,609 | +65.5% |
| Stocks and contracts in progress | 3 | €328,267 | €372,149 | +€43,882 | +13.4% |
| Stocks | 30/36 | €328,267 | €372,149 | +€43,882 | +13.4% |
| Amounts receivable within one year | 40/41 | €2,643 | €0 | -€2,643 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,643 | €0 | -€2,643 | -100% |
| Cash at bank and in hand | 54/58 | €14,960 | €199,794 | +€184,834 | +1,236% |
| Deferred charges and accrued income | 490/1 | - | €536 | +€536 | |
| Total equity and liabilities | 10/49 | €392,959 | €617,802 | +€224,842 | +57.2% |
| Equity | 10/15 | €196,896 | €195,273 | -€1,622 | -0.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €156,896 | €155,273 | -€1,622 | -1.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €148,896 | €147,273 | -€1,622 | -1.1% |
| Amounts payable | 17/49 | €196,064 | €422,528 | +€226,465 | +116% |
| Amounts payable after more than one year | 17 | €60,559 | €50,841 | -€9,718 | -16.0% |
| Financial debts | 170/4 | €60,559 | €50,841 | -€9,718 | -16.0% |
| Amounts payable within one year | 42/48 | €133,443 | €369,626 | +€236,182 | +177% |
| Current portion of amounts payable after more than one year | 42 | €9,573 | €253,468 | +€243,895 | +2,548% |
| Trade debts | 44 | €40,000 | €798 | -€39,202 | -98.0% |
| Suppliers | 440/4 | €40,000 | €798 | -€39,202 | -98.0% |
| Taxes, remuneration and social security | 45 | €28,420 | €28,420 | = | 0.0% |
| Taxes | 450/3 | €28,420 | €28,420 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €55,450 | €86,940 | +€31,490 | +56.8% |
| Accrued charges and deferred income | 492/3 | €2,062 | €2,062 | = | 0.0% |
| Non-recurring operating income | 76A | €106,513 | €0 | -€106,513 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,767 | €1,767 | = | 0.0% |
| Other operating charges | 640/8 | €5,672 | €2,268 | -€3,405 | -60.0% |
| Gross operating margin | 9900 | €135,040 | €9,205 | -€125,835 | -93.2% |
| Operating profit (loss) | 9901 | €127,601 | €5,171 | -€122,430 | -95.9% |
| Financial income | 75/76B | €112 | €0 | -€112 | -100% |
| Recurring financial income | 75 | €112 | €0 | -€112 | -100% |
| Financial charges | 65/66B | €44,614 | €6,794 | -€37,820 | -84.8% |
| Recurring financial charges | 65 | €44,614 | €6,794 | -€37,820 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | €83,099 | -€1,622 | -€84,721 | |
| Income taxes | 67/77 | €18,116 | €0 | -€18,116 | -100% |
| Profit (loss) for the period | 9904 | €64,984 | -€1,622 | -€66,606 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,984 | -€1,622 | -€66,606 |
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 15 October 2026 via checked.be.