PROVIRON CAPITAL: 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
PROVIRON CAPITAL
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2.5m
2024 · €1.8m-€4.3m
Equity
€37.2m
2024 · €39.7m-€2.5m
Cash
€204,963
2024 · €428,708-€223,745
Balance sheet total
€68.5m
2024 · €67.6m+€897,761
Largest movements
Assets
- Receivables after one year +€4.2m
new in 2025: €4.2m
- Financial fixed assets -€3.5m
down €3.5m (-5.3%), from €65.6m to €62.1m
of which Affiliated companies: -€3.5m
Equity and liabilities
- Profit (loss) carried forward -€2.5m
down €2.5m (-48.7%), from €5.1m to €2.6m
- Debts after one year +€2.2m
up €2.2m (+8.6%), from €25.4m to €27.6m
- Current portion of long-term debt +€1.2m
up €1.2m (+80.8%), from €1.5m to €2.7m
Income statement
- Financial charges +€3.4m
up €3.4m (+299.5%), from €1.2m to €4.6m
of which Non-recurring financial charges: +€3.5m
- Financial income -€898,452
down €898,452 (-49.5%), from €1.8m to €916,016
- Staff costs -€158,080
down €158,080 (-37.1%), from €426,548 to €268,469
- Services and other goods +€40,664
up €40,664 (+4.3%), from €952,436 to €993,100
- Taxes +€34,829
up €34,829 (+4435.5%), from €785 to €35,614
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
€1.8m
Turnover
+€7,000
Other operating income
+€1,010
Services and other goods
-€40,664
Staff costs
+€158,080
Depreciation
+€0
Other operating charges
-€33
Financial income
-€898,452
Financial charges
-€3.4m
Taxes
-€34,829
Result 2025
-€2.5m
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
-€7.0m
Investment
+€3.5m
Financing
+€3.3m
Cash 2024
€428,708
From operations (derived)
-€7.0m
Net result for the year
-€2.5m
Depreciation
+€238
Receivables after one year
-€4.2m
Receivables within one year
-€443,552
Smaller working-capital items
+€10,215
Trade debts
+€65,662
Accrued charges and deferred income
-€21,080
Investment (derived)
+€3.5m
Investment in fixed assets (net)
+€3.5m
Financing
+€3.3m
Debts after one year
+€2.2m
Current portion of long-term debt
+€1.2m
Short-term financial debts
-€64,850
Cash 2025
€204,963
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,582,576 | €68,480,337 | +€897,761 | +1.3% |
| Fixed assets | 21/28 | €65,620,967 | €62,130,242 | -€3.5m | -5.3% |
| Tangible fixed assets | 22/27 | €1,863 | €1,625 | -€238 | -12.8% |
| Plant, machinery and equipment | 23 | €1,863 | €1,625 | -€238 | -12.8% |
| Financial fixed assets | 28 | €65,619,105 | €62,128,617 | -€3.5m | -5.3% |
| Affiliated companies | 280/1 | €65,190,130 | €61,699,642 | -€3.5m | -5.4% |
| Participating interests | 280 | €65,190,130 | €61,699,642 | -€3.5m | -5.4% |
| Companies linked by participating interests | 282/3 | €428,975 | €428,975 | = | 0.0% |
| Participating interests | 282 | €428,975 | €428,975 | = | 0.0% |
| Current assets | 29/58 | €1,961,608 | €6,350,096 | +€4.4m | +223.7% |
| Amounts receivable after more than one year | 29 | - | €4,169,001 | +€4.2m | |
| Other amounts receivable | 291 | - | €4,169,001 | +€4.2m | |
| Amounts receivable within one year | 40/41 | €831,162 | €1,274,714 | +€443,552 | +53.4% |
| Trade receivables | 40 | €77,009 | €336,000 | +€258,991 | +336.3% |
| Other amounts receivable | 41 | €754,154 | €938,714 | +€184,560 | +24.5% |
| Current investments | 50/53 | €692,415 | €692,415 | = | 0.0% |
| Own shares | 50 | €692,415 | €692,415 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €428,708 | €204,963 | -€223,745 | -52.2% |
| Deferred charges and accrued income | 490/1 | €9,323 | €9,002 | -€320 | -3.4% |
| Total equity and liabilities | 10/49 | €67,582,576 | €68,480,337 | +€897,761 | +1.3% |
| Equity | 10/15 | €39,656,001 | €37,172,891 | -€2.5m | -6.3% |
| Contributions | 10/11 | €12,020,648 | €12,020,648 | = | 0.0% |
| Capital | 10 | €12,020,648 | €12,020,648 | = | 0.0% |
| Issued capital | 100 | €12,020,648 | €12,020,648 | = | 0.0% |
| Reserves | 13 | €22,536,270 | €22,536,270 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,024,551 | €1,024,551 | = | 0.0% |
| Legal reserve | 130 | €332,136 | €332,136 | = | 0.0% |
| Own shares acquired | 1312 | €692,415 | €692,415 | = | 0.0% |
| Distributable reserves | 133 | €21,511,719 | €21,511,719 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,099,083 | €2,615,973 | -€2.5m | -48.7% |
| Amounts payable | 17/49 | €27,926,575 | €31,307,446 | +€3.4m | +12.1% |
| Amounts payable after more than one year | 17 | €25,393,376 | €27,567,392 | +€2.2m | +8.6% |
| Financial debts | 170/4 | €25,393,376 | €27,567,392 | +€2.2m | +8.6% |
| Credit institutions | 173 | €5,841,868 | €3,971,420 | -€1.9m | -32.0% |
| Other loans | 174 | €19,551,508 | €23,595,972 | +€4.0m | +20.7% |
| Amounts payable within one year | 42/48 | €2,338,676 | €3,566,611 | +€1.2m | +52.5% |
| Current portion of amounts payable after more than one year | 42 | €1,507,261 | €2,724,490 | +€1.2m | +80.8% |
| Financial debts | 43 | €609,974 | €545,124 | -€64,850 | -10.6% |
| Other loans | 439 | €609,974 | €545,124 | -€64,850 | -10.6% |
| Trade debts | 44 | €126,739 | €192,401 | +€65,662 | +51.8% |
| Suppliers | 440/4 | €126,739 | €192,401 | +€65,662 | +51.8% |
| Taxes, remuneration and social security | 45 | €94,701 | €104,596 | +€9,895 | +10.4% |
| Taxes | 450/3 | €33,741 | €58,252 | +€24,511 | +72.6% |
| Remuneration and social security | 454/9 | €60,960 | €46,344 | -€14,616 | -24.0% |
| Accrued charges and deferred income | 492/3 | €194,523 | €173,443 | -€21,080 | -10.8% |
| Operating income | 70/76A | €2,491,267 | €2,499,277 | +€8,010 | +0.3% |
| Turnover | 70 | €2,433,000 | €2,440,000 | +€7,000 | +0.3% |
| Other operating income | 74 | €58,267 | €59,277 | +€1,010 | +1.7% |
| Operating charges | 60/66A | €1,380,308 | €1,262,925 | -€117,383 | -8.5% |
| Services and other goods | 61 | €952,436 | €993,100 | +€40,664 | +4.3% |
| Remuneration, social security and pensions | 62 | €426,548 | €268,469 | -€158,080 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238 | €238 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Operating profit (loss) | 9901 | €1,110,960 | €1,236,352 | +€125,393 | +11.3% |
| Financial income | 75/76B | €1,814,467 | €916,016 | -€898,452 | -49.5% |
| Recurring financial income | 75 | €1,814,467 | €916,016 | -€898,452 | -49.5% |
| Income from financial fixed assets | 750 | €1,743,187 | €862,016 | -€881,172 | -50.5% |
| Income from current assets | 751 | €71,280 | €54,000 | -€17,280 | -24.2% |
| Financial charges | 65/66B | €1,151,494 | €4,599,863 | +€3.4m | +299.5% |
| Recurring financial charges | 65 | €1,151,494 | €1,113,073 | -€38,421 | -3.3% |
| Debt charges | 650 | €1,149,791 | €1,111,450 | -€38,341 | -3.3% |
| Other financial charges | 652/9 | €1,703 | €1,623 | -€80 | -4.7% |
| Non-recurring financial charges | 66B | - | €3,486,791 | +€3.5m | |
| Profit (loss) for the period before taxes | 9903 | €1,773,933 | -€2,447,496 | -€4.2m | |
| Income taxes | 67/77 | €785 | €35,614 | +€34,829 | +4435.5% |
| Taxes | 670/3 | €785 | €35,614 | +€34,829 | +4435.5% |
| Profit (loss) for the period | 9904 | €1,773,148 | -€2,483,110 | -€4.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,773,148 | -€2,483,110 | -€4.3m |
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 9 October 2026 via checked.be.