PROVEN: 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.
PROVEN
Largest movements
- Tangible fixed assets +€670,474
up €670,474 (+76.2%), from €880,137 to €1.6m
of which Land and buildings: +€831,622
- Receivables within one year +€382,426
up €382,426 (+118.8%), from €321,776 to €704,202
of which Other amounts receivable: +€323,444
- Other debts +€750,000
new in 2025: €750,000
- Contributions +€230,541
up €230,541 (+25.2%), from €913,800 to €1.1m
- Trade debts +€83,082
up €83,082 (+6881.9%), from €1,207 to €84,289
- Gross operating margin +€24,216
up €24,216 (+1139.2%), from €2,126 to €26,342
- Depreciation +€20,350
up €20,350 (+1068.9%), from €1,904 to €22,254
- Financial income +€4,997
up €4,997 (+186.1%), from €2,685 to €7,682
- Other operating charges -€1,486
down €1,486 (-17.4%), from €8,534 to €7,048
- Taxes -€1,333
down €1,333, from €527 to -€805
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 | €1,283,624 | €2,347,643 | +€1.1m | +82.9% |
| Fixed assets | 21/28 | €880,137 | €1,550,611 | +€670,474 | +76.2% |
| Tangible fixed assets | 22/27 | €880,137 | €1,550,611 | +€670,474 | +76.2% |
| Land and buildings | 22 | €718,989 | €1,550,611 | +€831,622 | +115.7% |
| Assets under construction and advance payments | 27 | €161,149 | - | -€161,149 | |
| Current assets | 29/58 | €403,486 | €797,032 | +€393,546 | +97.5% |
| Amounts receivable within one year | 40/41 | €321,776 | €704,202 | +€382,426 | +118.8% |
| Trade receivables | 40 | - | €58,982 | +€58,982 | |
| Other amounts receivable | 41 | €321,776 | €645,220 | +€323,444 | +100.5% |
| Cash at bank and in hand | 54/58 | €74,299 | €78,500 | +€4,201 | +5.7% |
| Deferred charges and accrued income | 490/1 | €7,412 | €14,331 | +€6,919 | +93.4% |
| Total equity and liabilities | 10/49 | €1,283,624 | €2,347,643 | +€1.1m | +82.9% |
| Equity | 10/15 | €1,234,668 | €1,466,538 | +€231,870 | +18.8% |
| Contributions | 10/11 | €913,800 | €1,144,341 | +€230,541 | +25.2% |
| Reserves | 13 | €327,176 | €323,654 | -€3,522 | -1.1% |
| Tax-exempt reserves | 132 | €143,246 | €139,724 | -€3,522 | -2.5% |
| Distributable reserves | 133 | €183,930 | €183,930 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,308 | -€1,457 | +€4,851 | +76.9% |
| Provisions and deferred taxes | 16 | €47,749 | €46,575 | -€1,174 | -2.5% |
| Deferred taxes | 168 | €47,749 | €46,575 | -€1,174 | -2.5% |
| Amounts payable | 17/49 | €1,207 | €834,531 | +€833,324 | +69026.6% |
| Amounts payable within one year | 42/48 | €1,207 | €834,289 | +€833,082 | +69006.6% |
| Trade debts | 44 | €1,207 | €84,289 | +€83,082 | +6881.9% |
| Suppliers | 440/4 | €1,207 | €84,289 | +€83,082 | +6881.9% |
| Other amounts payable | 47/48 | - | €750,000 | +€750,000 | |
| Accrued charges and deferred income | 492/3 | - | €242 | +€242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,904 | €22,254 | +€20,350 | +1068.9% |
| Other operating charges | 640/8 | €8,534 | €7,048 | -€1,486 | -17.4% |
| Gross operating margin | 9900 | €2,126 | €26,342 | +€24,216 | +1139.2% |
| Operating profit (loss) | 9901 | -€8,312 | -€2,960 | +€5,352 | +64.4% |
| Financial income | 75/76B | €2,685 | €7,682 | +€4,997 | +186.1% |
| Recurring financial income | 75 | €2,685 | €7,682 | +€4,997 | +186.1% |
| Financial charges | 65/66B | €257 | €428 | +€171 | +66.3% |
| Recurring financial charges | 65 | €257 | €428 | +€171 | +66.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,885 | €4,294 | +€10,179 | |
| Transfer from deferred taxes | 780 | €349 | €1,174 | +€825 | +236.7% |
| Income taxes | 67/77 | €527 | -€805 | -€1,333 | |
| Profit (loss) for the period | 9904 | -€6,064 | €6,273 | +€12,337 | |
| Transfer from tax-exempt reserves | 789 | €1,046 | €3,522 | +€2,476 | +236.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,018 | €9,795 | +€14,813 |
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 9 October 2026 via checked.be.