PROVELEC: 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.
PROVELEC
Largest movements
- Tangible fixed assets +€59,967
up €59,967 (+105.8%), from €56,661 to €116,629
of which Land and buildings: +€99,640
- Cash -€14,790
down €14,790 (-61.1%), from €24,186 to €9,396
mainly Investment in fixed assets (net) (-€61,697) and Contributions, distributions and other (-€41,716)
- Receivables within one year +€7,059
up €7,059 (+31.8%), from €22,184 to €29,243
of which Other amounts receivable: +€3,715
- Debts after one year +€75,701
up €75,701 (+327.1%), from €23,146 to €98,847
- Profit (loss) carried forward -€33,014
no longer reported in 2025 (was €33,014)
- Tax, wage and social debts +€5,197
up €5,197 (+490.4%), from €1,060 to €6,257
of which Taxes: +€5,507
- Current portion of long-term debt +€4,065
up €4,065 (+44.9%), from €9,058 to €13,123
- Other debts +€3,019
up €3,019 (+9.3%), from €32,440 to €35,458
- Financial charges +€3,355
up €3,355 (+550.3%), from €610 to €3,965
- Depreciation -€2,455
down €2,455 (-64.9%), from €3,784 to €1,329
- Staff costs +€2,193
up €2,193 (+263.1%), from €834 to €3,027
- Taxes -€1,879
down €1,879 (-39.9%), from €4,708 to €2,830
- Gross operating margin +€1,363
up €1,363 (+5.1%), from €26,770 to €28,133
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 | €105,295 | €157,055 | +€51,761 | +49.2% |
| Fixed assets | 21/28 | €56,661 | €117,029 | +€60,367 | +106.5% |
| Tangible fixed assets | 22/27 | €56,661 | €116,629 | +€59,967 | +105.8% |
| Land and buildings | 22 | - | €99,640 | +€99,640 | |
| Plant, machinery and equipment | 23 | €2,244 | €1,660 | -€584 | -26.0% |
| Furniture and vehicles | 24 | €11,616 | - | -€11,616 | |
| Other tangible fixed assets | 26 | - | €15,329 | +€15,329 | |
| Assets under construction and advance payments | 27 | €42,801 | - | -€42,801 | |
| Financial fixed assets | 28 | - | €400 | +€400 | |
| Current assets | 29/58 | €48,634 | €40,027 | -€8,607 | -17.7% |
| Stocks and contracts in progress | 3 | €419 | €591 | +€172 | +41.2% |
| Stocks | 30/36 | €419 | €591 | +€172 | +41.2% |
| Amounts receivable within one year | 40/41 | €22,184 | €29,243 | +€7,059 | +31.8% |
| Trade receivables | 40 | €7,150 | €10,493 | +€3,343 | +46.8% |
| Other amounts receivable | 41 | €15,035 | €18,750 | +€3,715 | +24.7% |
| Cash at bank and in hand | 54/58 | €24,186 | €9,396 | -€14,790 | -61.1% |
| Deferred charges and accrued income | 490/1 | €1,845 | €796 | -€1,048 | -56.8% |
| Total equity and liabilities | 10/49 | €105,295 | €157,055 | +€51,761 | +49.2% |
| Equity | 10/15 | €36,014 | €3,000 | -€33,014 | -91.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Share premium | 1100/10 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,014 | - | -€33,014 | |
| Amounts payable | 17/49 | €69,281 | €154,055 | +€84,775 | +122.4% |
| Amounts payable after more than one year | 17 | €23,146 | €98,847 | +€75,701 | +327.1% |
| Financial debts | 170/4 | €23,146 | €98,847 | +€75,701 | +327.1% |
| Amounts payable within one year | 42/48 | €44,463 | €55,184 | +€10,721 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €9,058 | €13,123 | +€4,065 | +44.9% |
| Trade debts | 44 | €1,906 | €346 | -€1,560 | -81.9% |
| Suppliers | 440/4 | €1,906 | €346 | -€1,560 | -81.9% |
| Taxes, remuneration and social security | 45 | €1,060 | €6,257 | +€5,197 | +490.4% |
| Taxes | 450/3 | €750 | €6,257 | +€5,507 | +734.3% |
| Remuneration and social security | 454/9 | €310 | - | -€310 | |
| Other amounts payable | 47/48 | €32,440 | €35,458 | +€3,019 | +9.3% |
| Accrued charges and deferred income | 492/3 | €1,671 | €24 | -€1,647 | -98.6% |
| Remuneration, social security and pensions | 62 | €834 | €3,027 | +€2,193 | +263.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,784 | €1,329 | -€2,455 | -64.9% |
| Other operating charges | 640/8 | €576 | €254 | -€322 | -55.9% |
| Non-recurring operating charges | 66A | €2,761 | €8,116 | +€5,355 | +193.9% |
| Gross operating margin | 9900 | €26,770 | €28,133 | +€1,363 | +5.1% |
| Operating profit (loss) | 9901 | €18,815 | €15,407 | -€3,408 | -18.1% |
| Financial income | 75/76B | €36 | €89 | +€53 | +145.0% |
| Recurring financial income | 75 | €36 | €89 | +€53 | +145.0% |
| Financial charges | 65/66B | €610 | €3,965 | +€3,355 | +550.3% |
| Recurring financial charges | 65 | €610 | €3,965 | +€3,355 | +550.3% |
| Profit (loss) for the period before taxes | 9903 | €18,242 | €11,531 | -€6,711 | -36.8% |
| Income taxes | 67/77 | €4,708 | €2,830 | -€1,879 | -39.9% |
| Profit (loss) for the period | 9904 | €13,533 | €8,701 | -€4,832 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,533 | €8,701 | -€4,832 | -35.7% |
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 30 September 2026 via checked.be.