PROVINVEST: 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.
PROVINVEST
Largest movements
- Current investments -€26,042
down €26,042 (-6.8%), from €385,653 to €359,611
- Cash +€9,789
up €9,789 (+60.8%), from €16,096 to €25,886
mainly Other debts (+€51,705) and Current investments (+€26,042)
- Receivables within one year -€8,413
down €8,413 (-60.9%), from €13,805 to €5,393
of which Trade receivables: -€5,145
- Reserves -€75,209
down €75,209 (-57.2%), from €131,424 to €56,215
of which Distributable reserves: -€75,209
- Other debts +€51,705
up €51,705 (+197.7%), from €26,159 to €77,865
- Profit (loss) carried forward -€8,688
down €8,688 (-2.0%), from €427,179 to €418,491
- Financial charges +€82,469
up €82,469, from -€49,158 to €33,312
of which Financial charges: +€42,492
- Financial income +€28,339
up €28,339 (+260.4%), from €10,881 to €39,220
- Gross operating margin +€18,935
up €18,935, from -€15,216 to €3,719
- Taxes +€2,772
up €2,772 (+85.0%), from €3,261 to €6,033
- Depreciation +€2,578
up €2,578 (+45.8%), from €5,628 to €8,206
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 | €698,767 | €669,554 | -€29,213 | -4.2% |
| Fixed assets | 21/28 | €282,874 | €278,000 | -€4,874 | -1.7% |
| Tangible fixed assets | 22/27 | €282,874 | €278,000 | -€4,874 | -1.7% |
| Land and buildings | 22 | €254,164 | €253,552 | -€612 | -0.2% |
| Plant, machinery and equipment | 23 | €829 | €3,712 | +€2,883 | +347.9% |
| Furniture and vehicles | 24 | €27,882 | €20,736 | -€7,145 | -25.6% |
| Current assets | 29/58 | €415,893 | €391,554 | -€24,338 | -5.9% |
| Amounts receivable within one year | 40/41 | €13,805 | €5,393 | -€8,413 | -60.9% |
| Trade receivables | 40 | €8,649 | €3,504 | -€5,145 | -59.5% |
| Other amounts receivable | 41 | €5,156 | €1,889 | -€3,267 | -63.4% |
| Current investments | 50/53 | €385,653 | €359,611 | -€26,042 | -6.8% |
| Cash at bank and in hand | 54/58 | €16,096 | €25,886 | +€9,789 | +60.8% |
| Deferred charges and accrued income | 490/1 | €338 | €665 | +€327 | +96.5% |
| Total equity and liabilities | 10/49 | €698,767 | €669,554 | -€29,213 | -4.2% |
| Equity | 10/15 | €620,602 | €536,705 | -€83,897 | -13.5% |
| 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 | €131,424 | €56,215 | -€75,209 | -57.2% |
| Non-distributable reserves | 130/1 | €6,669 | €6,669 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €469 | €469 | = | 0.0% |
| Distributable reserves | 133 | €124,754 | €49,545 | -€75,209 | -60.3% |
| Profit (loss) carried forward | 14 | €427,179 | €418,491 | -€8,688 | -2.0% |
| Amounts payable | 17/49 | €78,165 | €132,849 | +€54,684 | +70.0% |
| Amounts payable within one year | 42/48 | €77,101 | €132,182 | +€55,081 | +71.4% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €285 | €286 | +€2 | +0.6% |
| Suppliers | 440/4 | €285 | €286 | +€2 | +0.6% |
| Taxes, remuneration and social security | 45 | €658 | €4,031 | +€3,374 | +513.1% |
| Taxes | 450/3 | €658 | €4,031 | +€3,374 | +513.1% |
| Other amounts payable | 47/48 | €26,159 | €77,865 | +€51,705 | +197.7% |
| Accrued charges and deferred income | 492/3 | €1,064 | €667 | -€397 | -37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,628 | €8,206 | +€2,578 | +45.8% |
| Other operating charges | 640/8 | €4,388 | €4,075 | -€313 | -7.1% |
| Gross operating margin | 9900 | -€15,216 | €3,719 | +€18,935 | |
| Operating profit (loss) | 9901 | -€25,232 | -€8,563 | +€16,669 | +66.1% |
| Financial income | 75/76B | €10,881 | €39,220 | +€28,339 | +260.4% |
| Recurring financial income | 75 | €10,881 | €39,220 | +€28,339 | +260.4% |
| Financial charges | 65/66B | -€49,158 | €33,312 | +€82,469 | |
| Recurring financial charges | 65 | €2,018 | €44,510 | +€42,492 | +2105.7% |
| Non-recurring financial charges | 66B | -€51,176 | -€11,199 | +€39,977 | +78.1% |
| Profit (loss) for the period before taxes | 9903 | €34,807 | -€2,654 | -€37,461 | |
| Income taxes | 67/77 | €3,261 | €6,033 | +€2,772 | +85.0% |
| Profit (loss) for the period | 9904 | €31,545 | -€8,688 | -€40,233 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,545 | -€8,688 | -€40,233 |
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 11 October 2026 via checked.be.