Providentia: 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.
What changed
Providentia
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €2.4m-€823,622
Equity
€29.0m
2024 · €24.1m+€4.9m
Cash
€5.3m
2024 · €4.4m+€900,583
Balance sheet total
€228.3m
2024 · €201.3m+€27.1m
Largest movements
Assets
- Tangible fixed assets +€26.3m
up €26.3m (+13.7%), from €192.5m to €218.7m
of which Land and buildings: +€26.4m
Equity and liabilities
- Debts after one year +€21.7m
up €21.7m (+13.7%), from €158.6m to €180.3m
of which Financial debts: +€21.8m
- Reserves +€3.4m
up €3.4m (+22.9%), from €14.7m to €18.1m
of which Non-distributable reserves: +€3.4m
Income statement
- Other operating income +€1.1m
up €1.1m (+77.0%), from €1.4m to €2.5m
- Goods and materials +€889,818
up €889,818 (+449.7%), from €197,883 to €1.1m
of which Change in stocks: decrease (increase): +€1.4m
- Provisions +€725,856
up €725,856, from -€344,893 to €380,963
- Depreciation +€669,912
up €669,912 (+11.0%), from €6.1m to €6.8m
- Services and other goods -€471,905
down €471,905 (-5.0%), from €9.5m to €9.0m
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.
Result 2024
€2.4m
Turnover
-€114,445
Other operating income
+€1.1m
Goods and materials
-€889,818
Services and other goods
+€471,905
Staff costs
-€228,878
Depreciation
-€669,912
Write-downs
-€17,404
Provisions
-€725,856
Other operating charges
-€234,915
Other operating items
+€310,061
Financial income
-€200,691
Financial charges
+€390,135
Taxes
+€2,834
Deferred taxes and other
+€3,339
Result 2025
€1.6m
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.
From operations
+€9.6m
Investment
-€33.1m
Financing
+€24.3m
Cash 2024
€4.4m
From operations (derived)
+€9.6m
Net result for the year
+€1.6m
Depreciation
+€6.8m
Smaller working-capital items
-€115,067
Stocks and contracts
+€557,647
Receivables within one year
+€178,296
Deferred charges and accrued income
-€568,923
Provisions
+€416,870
Trade debts
-€452,841
Other debts
+€1.1m
Accrued charges and deferred income
+€110,977
Investment (derived)
-€33.1m
Investment in fixed assets (net)
-€33.1m
Financing
+€24.3m
Debts after one year
+€21.7m
Current portion of long-term debt
-€650,201
Contributions, distributions and other
+€3.3m
Cash 2025
€5.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,258,588 | €228,332,050 | +€27.1m | +13.5% |
| Fixed assets | 21/28 | €192,465,568 | €218,744,187 | +€26.3m | +13.7% |
| Tangible fixed assets | 22/27 | €192,462,429 | €218,741,048 | +€26.3m | +13.7% |
| Land and buildings | 22 | €185,836,539 | €212,253,871 | +€26.4m | +14.2% |
| Plant, machinery and equipment | 23 | €0 | €8,228 | +€8,228 | |
| Furniture and vehicles | 24 | €401,267 | €307,356 | -€93,911 | -23.4% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €6,224,623 | €6,171,593 | -€53,030 | -0.9% |
| Financial fixed assets | 28 | €3,139 | €3,139 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,139 | €3,139 | = | 0.0% |
| Shares | 284 | €1,297 | €1,297 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,842 | €1,842 | = | 0.0% |
| Current assets | 29/58 | €8,793,020 | €9,587,863 | +€794,843 | +9.0% |
| Amounts receivable after more than one year | 29 | €172,035 | €233,315 | +€61,280 | +35.6% |
| Other amounts receivable | 291 | €172,035 | €233,315 | +€61,280 | +35.6% |
| Stocks and contracts in progress | 3 | €2,031,121 | €1,473,474 | -€557,647 | -27.5% |
| Stocks | 30/36 | €2,031,121 | €1,473,474 | -€557,647 | -27.5% |
| Property held for sale | 35 | €2,031,121 | €1,473,474 | -€557,647 | -27.5% |
| Amounts receivable within one year | 40/41 | €1,419,083 | €1,240,787 | -€178,296 | -12.6% |
| Trade receivables | 40 | €1,151,380 | €1,007,920 | -€143,460 | -12.5% |
| Other amounts receivable | 41 | €267,703 | €232,867 | -€34,836 | -13.0% |
| Cash at bank and in hand | 54/58 | €4,421,330 | €5,321,913 | +€900,583 | +20.4% |
| Deferred charges and accrued income | 490/1 | €749,451 | €1,318,374 | +€568,923 | +75.9% |
| Total equity and liabilities | 10/49 | €201,258,588 | €228,332,050 | +€27.1m | +13.5% |
| Equity | 10/15 | €24,139,796 | €29,021,932 | +€4.9m | +20.2% |
| Contributions | 10/11 | €18,236 | €30,015 | +€11,779 | +64.6% |
| Reserves | 13 | €14,689,890 | €18,052,758 | +€3.4m | +22.9% |
| Non-distributable reserves | 130/1 | €11,362,643 | €14,725,511 | +€3.4m | +29.6% |
| Reserves not available under the articles | 1311 | €11,362,643 | €14,725,511 | +€3.4m | +29.6% |
| Tax-exempt reserves | 132 | €3,327,247 | €3,327,247 | = | 0.0% |
| Investment grants | 15 | €9,431,670 | €10,939,159 | +€1.5m | +16.0% |
| Provisions and deferred taxes | 16 | €2,966,223 | €3,383,093 | +€416,870 | +14.1% |
| Provisions for liabilities and charges | 160/5 | €2,469,695 | €2,850,658 | +€380,963 | +15.4% |
| Pensions and similar obligations | 160 | - | €50,000 | +€50,000 | |
| Major repairs and maintenance | 162 | €2,333,944 | €2,675,658 | +€341,714 | +14.6% |
| Other liabilities and charges | 164/5 | €135,751 | €125,000 | -€10,751 | -7.9% |
| Deferred taxes | 168 | €496,528 | €532,435 | +€35,907 | +7.2% |
| Amounts payable | 17/49 | €174,152,569 | €195,927,025 | +€21.8m | +12.5% |
| Amounts payable after more than one year | 17 | €158,588,358 | €180,311,874 | +€21.7m | +13.7% |
| Financial debts | 170/4 | €155,904,482 | €177,687,268 | +€21.8m | +14.0% |
| Credit institutions | 173 | €151,263,203 | €172,755,477 | +€21.5m | +14.2% |
| Other loans | 174 | €4,641,279 | €4,931,791 | +€290,512 | +6.3% |
| Other amounts payable | 178/9 | €2,683,876 | €2,624,606 | -€59,270 | -2.2% |
| Amounts payable within one year | 42/48 | €14,791,012 | €14,730,975 | -€60,037 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €10,382,982 | €9,732,781 | -€650,201 | -6.3% |
| Trade debts | 44 | €1,785,468 | €1,332,627 | -€452,841 | -25.4% |
| Suppliers | 440/4 | €1,785,468 | €1,332,627 | -€452,841 | -25.4% |
| Taxes, remuneration and social security | 45 | €2,210,816 | €2,157,029 | -€53,787 | -2.4% |
| Taxes | 450/3 | €1,750,879 | €1,809,915 | +€59,036 | +3.4% |
| Remuneration and social security | 454/9 | €459,937 | €347,114 | -€112,823 | -24.5% |
| Other amounts payable | 47/48 | €411,746 | €1,508,538 | +€1.1m | +266.4% |
| Accrued charges and deferred income | 492/3 | €773,199 | €884,176 | +€110,977 | +14.4% |
| Operating income | 70/76A | €24,634,526 | €25,929,510 | +€1.3m | +5.3% |
| Turnover | 70 | €20,921,943 | €20,807,498 | -€114,445 | -0.5% |
| Own construction capitalised | 72 | €154,393 | - | -€154,393 | |
| Other operating income | 74 | €1,402,134 | €2,482,157 | +€1.1m | +77.0% |
| Non-recurring operating income | 76A | €2,156,056 | €2,639,855 | +€483,799 | +22.4% |
| Operating charges | 60/66A | €20,685,649 | €22,999,872 | +€2.3m | +11.2% |
| Goods for resale, raw materials and consumables | 60 | €197,883 | €1,087,701 | +€889,818 | +449.7% |
| Purchases | 600/8 | €778,933 | €255,413 | -€523,520 | -67.2% |
| Change in stocks: decrease (increase) | 609 | -€581,050 | €832,288 | +€1.4m | |
| Services and other goods | 61 | €9,492,446 | €9,020,541 | -€471,905 | -5.0% |
| Remuneration, social security and pensions | 62 | €3,342,706 | €3,571,584 | +€228,878 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,108,634 | €6,778,546 | +€669,912 | +11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €304,958 | €322,362 | +€17,404 | +5.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€344,893 | €380,963 | +€725,856 | |
| Other operating charges | 640/8 | €1,583,915 | €1,818,830 | +€234,915 | +14.8% |
| Non-recurring operating charges | 66A | - | €19,345 | +€19,345 | |
| Operating profit (loss) | 9901 | €3,948,877 | €2,929,638 | -€1.0m | -25.8% |
| Financial income | 75/76B | €872,896 | €672,205 | -€200,691 | -23.0% |
| Recurring financial income | 75 | €872,896 | €672,205 | -€200,691 | -23.0% |
| Income from current assets | 751 | €76,102 | €97,426 | +€21,324 | +28.0% |
| Other financial income | 752/9 | €796,794 | €574,779 | -€222,015 | -27.9% |
| Financial charges | 65/66B | €2,264,026 | €1,873,891 | -€390,135 | -17.2% |
| Recurring financial charges | 65 | €2,264,026 | €1,873,891 | -€390,135 | -17.2% |
| Debt charges | 650 | €2,257,113 | €1,862,933 | -€394,180 | -17.5% |
| Other financial charges | 652/9 | €6,913 | €10,958 | +€4,045 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | €2,557,747 | €1,727,952 | -€829,795 | -32.4% |
| Transfer from deferred taxes | 780 | €10,483 | €13,822 | +€3,339 | +31.9% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €119,028 | €116,194 | -€2,834 | -2.4% |
| Taxes | 670/3 | €119,028 | €116,194 | -€2,834 | -2.4% |
| Profit (loss) for the period | 9904 | €2,449,202 | €1,625,580 | -€823,622 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,449,202 | €1,625,580 | -€823,622 | -33.6% |
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 4 October 2026 via checked.be.