PROVIDENCE: 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.
PROVIDENCE
Largest movements
- Receivables within one year +€364,136
up €364,136 (+1656.7%), from €21,979 to €386,115
of which Trade receivables: +€337,845
- Trade debts +€367,596
up €367,596 (+1777.2%), from €20,685 to €388,280
- Profit (loss) carried forward -€4,632
down €4,632 (-7.0%), from -€66,086 to -€70,718
- Staff costs -€40,169
no longer reported in 2024 (was €40,169)
- Gross operating margin +€4,428
up €4,428 (+52.4%), from -€8,452 to -€4,025
- Financial charges -€1,023
down €1,023 (-68.2%), from €1,499 to €477
- Financial income -€823
down €823 (-64.6%), from €1,274 to €451
of which Financial income: -€922
- Other operating charges -€112
down €112 (-22.4%), from €499 to €387
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,151 | €386,115 | +€362,964 | +1567.8% |
| Fixed assets | 21/28 | €0 | €0 | -€0 | -100.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | -€0 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | -€0 | -100.0% |
| Current assets | 29/58 | €23,151 | €386,115 | +€362,964 | +1567.8% |
| Amounts receivable within one year | 40/41 | €21,979 | €386,115 | +€364,136 | +1656.7% |
| Trade receivables | 40 | €11,709 | €349,554 | +€337,845 | +2885.2% |
| Other amounts receivable | 41 | €10,270 | €36,561 | +€26,291 | +256.0% |
| Cash at bank and in hand | 54/58 | - | €0 | = | |
| Deferred charges and accrued income | 490/1 | €1,172 | €0 | -€1,172 | -100.0% |
| Total equity and liabilities | 10/49 | €23,151 | €386,115 | +€362,964 | +1567.8% |
| Equity | 10/15 | €2,137 | -€2,494 | -€4,632 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,224 | €6,224 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €24 | €24 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,086 | -€70,718 | -€4,632 | -7.0% |
| Amounts payable | 17/49 | €21,013 | €388,609 | +€367,596 | +1749.3% |
| Amounts payable within one year | 42/48 | €21,013 | €388,609 | +€367,596 | +1749.3% |
| Trade debts | 44 | €20,685 | €388,280 | +€367,596 | +1777.2% |
| Suppliers | 440/4 | €20,685 | €388,280 | +€367,596 | +1777.2% |
| Taxes, remuneration and social security | 45 | €206 | €206 | = | 0.0% |
| Taxes | 450/3 | €206 | €206 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €123 | €123 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €40,169 | - | -€40,169 | |
| Other operating charges | 640/8 | €499 | €387 | -€112 | -22.4% |
| Gross operating margin | 9900 | -€8,452 | -€4,025 | +€4,428 | +52.4% |
| Operating profit (loss) | 9901 | -€49,120 | -€4,412 | +€44,708 | +91.0% |
| Financial income | 75/76B | €1,274 | €451 | -€823 | -64.6% |
| Recurring financial income | 75 | €1,274 | €352 | -€922 | -72.4% |
| Non-recurring financial income | 76B | - | €98 | +€98 | |
| Financial charges | 65/66B | €1,499 | €477 | -€1,023 | -68.2% |
| Recurring financial charges | 65 | €1,499 | €477 | -€1,023 | -68.2% |
| Profit (loss) for the period before taxes | 9903 | -€49,346 | -€4,438 | +€44,908 | +91.0% |
| Income taxes | 67/77 | €230 | €194 | -€37 | -15.9% |
| Profit (loss) for the period | 9904 | -€49,576 | -€4,632 | +€44,944 | +90.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,576 | -€4,632 | +€44,944 | +90.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.