PROVINIA: 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.
PROVINIA
Largest movements
- Stocks and contracts +€218,900
up €218,900 (+24.6%), from €888,179 to €1.1m
- Receivables within one year +€166,625
up €166,625 (+25.1%), from €663,412 to €830,037
- Cash -€70,148
down €70,148 (-75.4%), from €93,018 to €22,870
mainly Stocks and contracts (-€218,900) and Receivables within one year (-€166,625)
- Trade debts +€231,707
up €231,707 (+40.6%), from €570,964 to €802,671
- Contributions +€44,000
up €44,000 (+18.6%), from €236,333 to €280,333
- Tax, wage and social debts +€33,795
up €33,795 (+27.7%), from €121,956 to €155,751
of which Taxes: +€25,948
- Turnover -€4.8m
no longer reported in 2025 (was €4.8m)
- Purchases and services -€4.6m
no longer reported in 2025 (was €4.6m)
- Gross operating margin +€55,006
up €55,006 (+26.3%), from €208,859 to €263,865
- Staff costs +€51,782
up €51,782 (+29.3%), from €176,835 to €228,617
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 | €1,669,775 | €1,971,359 | +€301,584 | +18.1% |
| Fixed assets | 21/28 | €25,166 | €11,373 | -€13,793 | -54.8% |
| Tangible fixed assets | 22/27 | €19,666 | €5,873 | -€13,793 | -70.1% |
| Plant, machinery and equipment | 23 | - | €5,500 | +€5,500 | |
| Furniture and vehicles | 24 | €8,450 | €373 | -€8,077 | -95.6% |
| Leasing and similar rights | 25 | €11,216 | - | -€11,216 | |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €1,644,609 | €1,959,986 | +€315,377 | +19.2% |
| Stocks and contracts in progress | 3 | €888,179 | €1,107,079 | +€218,900 | +24.6% |
| Stocks | 30/36 | €888,179 | €1,107,079 | +€218,900 | +24.6% |
| Amounts receivable within one year | 40/41 | €663,412 | €830,037 | +€166,625 | +25.1% |
| Trade receivables | 40 | €663,412 | €830,037 | +€166,625 | +25.1% |
| Cash at bank and in hand | 54/58 | €93,018 | €22,870 | -€70,148 | -75.4% |
| Total equity and liabilities | 10/49 | €1,669,775 | €1,971,359 | +€301,584 | +18.1% |
| Equity | 10/15 | €377,871 | €424,547 | +€46,676 | +12.4% |
| Contributions | 10/11 | €236,333 | €280,333 | +€44,000 | +18.6% |
| Capital | 10 | - | €280,333 | +€280,333 | |
| Issued capital | 100 | - | €280,333 | +€280,333 | |
| Reserves | 13 | €81,246 | €83,922 | +€2,676 | +3.3% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | - | €10,000 | +€10,000 | |
| Reserves not available under the articles | 1311 | €10,000 | - | -€10,000 | |
| Distributable reserves | 133 | €71,246 | €73,922 | +€2,676 | +3.8% |
| Profit (loss) carried forward | 14 | €60,292 | €60,292 | = | 0.0% |
| Amounts payable | 17/49 | €1,291,904 | €1,546,812 | +€254,908 | +19.7% |
| Amounts payable after more than one year | 17 | €5,427 | - | -€5,427 | |
| Financial debts | 170/4 | €5,427 | - | -€5,427 | |
| Amounts payable within one year | 42/48 | €1,286,477 | €1,546,812 | +€260,335 | +20.2% |
| Financial debts | 43 | €505,572 | €505,444 | -€128 | 0.0% |
| Credit institutions | 430/8 | €505,572 | €505,444 | -€128 | 0.0% |
| Trade debts | 44 | €570,964 | €802,671 | +€231,707 | +40.6% |
| Suppliers | 440/4 | €570,964 | €802,671 | +€231,707 | +40.6% |
| Taxes, remuneration and social security | 45 | €121,956 | €155,751 | +€33,795 | +27.7% |
| Taxes | 450/3 | €94,021 | €119,969 | +€25,948 | +27.6% |
| Remuneration and social security | 454/9 | €27,935 | €35,782 | +€7,847 | +28.1% |
| Other amounts payable | 47/48 | €87,985 | €82,946 | -€5,039 | -5.7% |
| Turnover | 70 | €4,783,156 | - | -€4.8m | |
| Goods, raw materials, services and sundry goods | 60/61 | €4,568,996 | - | -€4.6m | |
| Remuneration, social security and pensions | 62 | €176,835 | €228,617 | +€51,782 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,242 | €13,793 | -€2,449 | -15.1% |
| Other operating charges | 640/8 | €12,791 | €24,558 | +€11,767 | +92.0% |
| Gross operating margin | 9900 | €208,859 | €263,865 | +€55,006 | +26.3% |
| Operating profit (loss) | 9901 | €2,991 | -€3,103 | -€6,094 | |
| Financial income | 75/76B | €2,728 | €8,413 | +€5,685 | +208% |
| Recurring financial income | 75 | €2,728 | €8,413 | +€5,685 | +208% |
| Profit (loss) for the period before taxes | 9903 | €5,719 | €5,310 | -€409 | -7.2% |
| Income taxes | 67/77 | €3,125 | €2,367 | -€758 | -24.3% |
| Profit (loss) for the period | 9904 | €2,594 | €2,943 | +€349 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,594 | €2,943 | +€349 | +13.5% |
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 16 October 2026 via checked.be.