PROVO DANNY: 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.
PROVO DANNY
Largest movements
- Current investments -€199,994
down €199,994 (-99.8%), from €200,475 to €480
- Receivables within one year +€88,305
up €88,305 (+62.9%), from €140,385 to €228,689
of which Trade receivables: +€77,632
- Cash +€60,294
up €60,294 (+57.8%), from €104,338 to €164,631
mainly Current investments (+€199,994) and Depreciation (+€108,523)
- Tangible fixed assets -€16,403
down €16,403 (-5.8%), from €281,039 to €264,637
of which Furniture and vehicles: -€25,351
- Stocks and contracts -€13,389
down €13,389 (-15.0%), from €89,486 to €76,097
- Other debts -€116,113
down €116,113 (-59.1%), from €196,363 to €80,249
- Debts after one year +€35,232
up €35,232 (+41.0%), from €85,954 to €121,187
- Reserves -€22,205
down €22,205 (-6.3%), from €352,841 to €330,636
of which Distributable reserves: -€22,205
- Trade debts +€17,500
up €17,500 (+104%), from €16,906 to €34,405
- Gross operating margin -€279,430
down €279,430 (-57.2%), from €488,236 to €208,805
- Staff costs -€57,915
down €57,915 (-93.4%), from €61,987 to €4,072
- Depreciation -€36,619
down €36,619 (-25.2%), from €145,142 to €108,523
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 | €824,100 | €741,209 | -€82,891 | -10.1% |
| Fixed assets | 21/28 | €284,117 | €267,714 | -€16,403 | -5.8% |
| Tangible fixed assets | 22/27 | €281,039 | €264,637 | -€16,403 | -5.8% |
| Plant, machinery and equipment | 23 | €158,309 | €178,945 | +€20,636 | +13.0% |
| Furniture and vehicles | 24 | €35,721 | €10,370 | -€25,351 | -71.0% |
| Other tangible fixed assets | 26 | €87,009 | €75,322 | -€11,687 | -13.4% |
| Financial fixed assets | 28 | €3,078 | €3,078 | = | 0.0% |
| Current assets | 29/58 | €539,983 | €473,495 | -€66,488 | -12.3% |
| Stocks and contracts in progress | 3 | €89,486 | €76,097 | -€13,389 | -15.0% |
| Stocks | 30/36 | €89,486 | €76,097 | -€13,389 | -15.0% |
| Amounts receivable within one year | 40/41 | €140,385 | €228,689 | +€88,305 | +62.9% |
| Trade receivables | 40 | €110,671 | €188,304 | +€77,632 | +70.1% |
| Other amounts receivable | 41 | €29,714 | €40,386 | +€10,672 | +35.9% |
| Current investments | 50/53 | €200,475 | €480 | -€199,994 | -99.8% |
| Cash at bank and in hand | 54/58 | €104,338 | €164,631 | +€60,294 | +57.8% |
| Deferred charges and accrued income | 490/1 | €5,301 | €3,598 | -€1,703 | -32.1% |
| Total equity and liabilities | 10/49 | €824,100 | €741,209 | -€82,891 | -10.1% |
| Equity | 10/15 | €443,265 | €421,060 | -€22,205 | -5.0% |
| Contributions | 10/11 | €87,000 | €87,000 | = | 0.0% |
| Capital | 10 | €87,000 | €87,000 | = | 0.0% |
| Issued capital | 100 | €87,000 | €87,000 | = | 0.0% |
| Reserves | 13 | €352,841 | €330,636 | -€22,205 | -6.3% |
| Non-distributable reserves | 130/1 | €8,700 | €8,700 | = | 0.0% |
| Legal reserve | 130 | €8,700 | €8,700 | = | 0.0% |
| Distributable reserves | 133 | €344,141 | €321,936 | -€22,205 | -6.5% |
| Profit (loss) carried forward | 14 | €3,424 | €3,424 | = | 0.0% |
| Amounts payable | 17/49 | €380,835 | €320,149 | -€60,686 | -15.9% |
| Amounts payable after more than one year | 17 | €85,954 | €121,187 | +€35,232 | +41.0% |
| Financial debts | 170/4 | €85,954 | €121,187 | +€35,232 | +41.0% |
| Amounts payable within one year | 42/48 | €294,881 | €198,963 | -€95,918 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €70,545 | €77,768 | +€7,222 | +10.2% |
| Trade debts | 44 | €16,906 | €34,405 | +€17,500 | +104% |
| Suppliers | 440/4 | €16,906 | €34,405 | +€17,500 | +104% |
| Taxes, remuneration and social security | 45 | €11,067 | €6,540 | -€4,527 | -40.9% |
| Taxes | 450/3 | €6,881 | €6,535 | -€346 | -5.0% |
| Remuneration and social security | 454/9 | €4,186 | €5 | -€4,181 | -99.9% |
| Other amounts payable | 47/48 | €196,363 | €80,249 | -€116,113 | -59.1% |
| Non-recurring operating income | 76A | €29,864 | - | -€29,864 | |
| Remuneration, social security and pensions | 62 | €61,987 | €4,072 | -€57,915 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,142 | €108,523 | -€36,619 | -25.2% |
| Other operating charges | 640/8 | €1,519 | €1,532 | +€14 | +0.9% |
| Non-recurring operating charges | 66A | - | €5,495 | +€5,495 | |
| Gross operating margin | 9900 | €488,236 | €208,805 | -€279,430 | -57.2% |
| Operating profit (loss) | 9901 | €279,588 | €89,183 | -€190,405 | -68.1% |
| Financial income | 75/76B | €6,348 | €2,485 | -€3,863 | -60.9% |
| Recurring financial income | 75 | €6,348 | €2,485 | -€3,863 | -60.9% |
| Financial charges | 65/66B | €5,974 | €3,097 | -€2,877 | -48.2% |
| Recurring financial charges | 65 | €5,974 | €3,097 | -€2,877 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €279,961 | €88,571 | -€191,390 | -68.4% |
| Income taxes | 67/77 | €25,452 | €27,276 | +€1,824 | +7.2% |
| Profit (loss) for the period | 9904 | €254,509 | €61,295 | -€193,214 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €254,509 | €61,295 | -€193,214 | -75.9% |
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 17 October 2026 via checked.be.