PROVESTEL: 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.
PROVESTEL
Largest movements
- Intangible fixed assets -€186,887
down €186,887 (-12.3%), from €1.5m to €1.3m
- Stocks and contracts -€170,432
down €170,432 (-84.9%), from €200,820 to €30,388
- Tangible fixed assets +€123,517
up €123,517 (+5.1%), from €2.4m to €2.5m
of which Land and buildings: +€123,517
- Financial fixed assets -€105,000
down €105,000 (-2.8%), from €3.8m to €3.7m
- Cash -€103,638
down €103,638 (-95.1%), from €108,956 to €5,317
mainly Net result for the year (-€558,177) and Debts after one year (-€188,860)
- Other debts +€421,048
up €421,048 (+130%), from €323,533 to €744,581
- Profit (loss) carried forward -€334,870
down €334,870 (-61.1%), from €548,504 to €213,634
- Reserves -€223,306
down €223,306 (-9.6%), from €2.3m to €2.1m
of which Tax-exempt reserves: -€223,306
- Debts after one year -€188,860
down €188,860 (-4.6%), from €4.1m to €3.9m
- Short-term financial debts -€141,000
down €141,000 (-100%), from €141,000 to €0
- Financial income -€386,466
down €386,466 (-89.5%), from €431,779 to €45,313
of which Non-recurring financial income: -€209,878
- Depreciation -€10,150
down €10,150 (-3.1%), from €329,769 to €319,619
- Financial charges +€6,533
up €6,533 (+9.3%), from €70,336 to €76,869
- Gross operating margin +€4,549
up €4,549 (+2.1%), from -€216,946 to -€212,397
- Other operating charges -€4,191
down €4,191 (-38.3%), from €10,934 to €6,743
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 | €8,046,396 | €7,590,185 | -€456,211 | -5.7% |
| Fixed assets | 21/28 | €7,718,814 | €7,550,445 | -€168,369 | -2.2% |
| Intangible fixed assets | 21 | €1,517,885 | €1,330,998 | -€186,887 | -12.3% |
| Tangible fixed assets | 22/27 | €2,404,129 | €2,527,647 | +€123,517 | +5.1% |
| Land and buildings | 22 | €2,404,129 | €2,527,647 | +€123,517 | +5.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €3,796,800 | €3,691,800 | -€105,000 | -2.8% |
| Current assets | 29/58 | €327,582 | €39,740 | -€287,841 | -87.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €200,820 | €30,388 | -€170,432 | -84.9% |
| Stocks | 30/36 | €200,820 | €30,388 | -€170,432 | -84.9% |
| Amounts receivable within one year | 40/41 | €14,799 | €1,166 | -€13,634 | -92.1% |
| Trade receivables | 40 | €4,100 | €1,166 | -€2,935 | -71.6% |
| Other amounts receivable | 41 | €10,699 | €0 | -€10,699 | -100% |
| Cash at bank and in hand | 54/58 | €108,956 | €5,317 | -€103,638 | -95.1% |
| Deferred charges and accrued income | 490/1 | €3,007 | €2,869 | -€137 | -4.6% |
| Total equity and liabilities | 10/49 | €8,046,396 | €7,590,185 | -€456,211 | -5.7% |
| Equity | 10/15 | €2,914,495 | €2,356,318 | -€558,177 | -19.2% |
| Contributions | 10/11 | €48,360 | €48,360 | = | 0.0% |
| Reserves | 13 | €2,317,630 | €2,094,324 | -€223,306 | -9.6% |
| Non-distributable reserves | 130/1 | €4,836 | €4,836 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,836 | €4,836 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,312,794 | €2,089,488 | -€223,306 | -9.7% |
| Profit (loss) carried forward | 14 | €548,504 | €213,634 | -€334,870 | -61.1% |
| Provisions and deferred taxes | 16 | €276,445 | €264,305 | -€12,140 | -4.4% |
| Provisions for liabilities and charges | 160/5 | €46,724 | €46,724 | = | 0.0% |
| Other liabilities and charges | 164/5 | €46,724 | €46,724 | = | 0.0% |
| Deferred taxes | 168 | €229,721 | €217,581 | -€12,140 | -5.3% |
| Amounts payable | 17/49 | €4,855,457 | €4,969,562 | +€114,106 | +2.4% |
| Amounts payable after more than one year | 17 | €4,131,356 | €3,942,495 | -€188,860 | -4.6% |
| Financial debts | 170/4 | €4,131,356 | €3,942,495 | -€188,860 | -4.6% |
| Amounts payable within one year | 42/48 | €657,761 | €960,727 | +€302,966 | +46.1% |
| Current portion of amounts payable after more than one year | 42 | €186,094 | €204,386 | +€18,292 | +9.8% |
| Financial debts | 43 | €141,000 | €0 | -€141,000 | -100% |
| Other loans | 439 | €141,000 | €0 | -€141,000 | -100% |
| Trade debts | 44 | €3,313 | €4,019 | +€706 | +21.3% |
| Suppliers | 440/4 | €3,313 | €4,019 | +€706 | +21.3% |
| Taxes, remuneration and social security | 45 | €3,821 | €7,742 | +€3,921 | +103% |
| Taxes | 450/3 | €3,821 | €7,742 | +€3,921 | +103% |
| Other amounts payable | 47/48 | €323,533 | €744,581 | +€421,048 | +130% |
| Accrued charges and deferred income | 492/3 | €66,340 | €66,340 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329,769 | €319,619 | -€10,150 | -3.1% |
| Other operating charges | 640/8 | €10,934 | €6,743 | -€4,191 | -38.3% |
| Gross operating margin | 9900 | -€216,946 | -€212,397 | +€4,549 | +2.1% |
| Operating profit (loss) | 9901 | -€557,649 | -€538,760 | +€18,890 | +3.4% |
| Financial income | 75/76B | €431,779 | €45,313 | -€386,466 | -89.5% |
| Recurring financial income | 75 | €221,901 | €45,313 | -€176,588 | -79.6% |
| Non-recurring financial income | 76B | €209,878 | €0 | -€209,878 | -100% |
| Financial charges | 65/66B | €70,336 | €76,869 | +€6,533 | +9.3% |
| Recurring financial charges | 65 | €70,336 | €76,869 | +€6,533 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | -€196,207 | -€570,317 | -€374,110 | -191% |
| Transfer from deferred taxes | 780 | €12,140 | €12,140 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€184,067 | -€558,177 | -€374,110 | -203% |
| Transfer from tax-exempt reserves | 789 | €223,306 | €223,306 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €39,239 | -€334,870 | -€374,110 |
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 13 October 2026 via checked.be.