PROVOCACTION: 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.
PROVOCACTION
Largest movements
- Cash -€257,721
down €257,721 (-80.6%), from €319,880 to €62,159
mainly Other debts (-€119,266) and Tax, wage and social debts (-€79,364)
- Receivables within one year -€40,162
down €40,162 (-71.4%), from €56,221 to €16,059
of which Other amounts receivable: -€29,821
- Financial fixed assets +€30,000
up €30,000 (+25000.0%), from €120 to €30,120
- Other debts -€119,266
down €119,266 (-89.0%), from €134,000 to €14,734
- Tax, wage and social debts -€79,364
down €79,364 (-74.5%), from €106,509 to €27,145
of which Taxes: -€78,511
- Profit (loss) carried forward -€44,012
down €44,012 (-100.0%), from €44,012 to €0
- Current portion of long-term debt -€42,000
down €42,000 (-100.0%), from €42,000 to €0
- Reserves +€23,407
up €23,407 (+73.0%), from €32,086 to €55,493
of which Distributable reserves: +€23,407
- Gross operating margin -€145,666
down €145,666 (-67.4%), from €216,249 to €70,583
- Taxes -€31,768
down €31,768 (-76.8%), from €41,357 to €9,589
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 | €382,716 | €115,538 | -€267,178 | -69.8% |
| Fixed assets | 21/28 | €6,616 | €33,685 | +€27,069 | +409.2% |
| Intangible fixed assets | 21 | €478 | €0 | -€478 | -100.0% |
| Tangible fixed assets | 22/27 | €6,018 | €3,565 | -€2,452 | -40.8% |
| Furniture and vehicles | 24 | €6,018 | €3,565 | -€2,452 | -40.8% |
| Financial fixed assets | 28 | €120 | €30,120 | +€30,000 | +25000.0% |
| Current assets | 29/58 | €376,101 | €81,853 | -€294,247 | -78.2% |
| Amounts receivable within one year | 40/41 | €56,221 | €16,059 | -€40,162 | -71.4% |
| Trade receivables | 40 | €26,400 | €16,059 | -€10,341 | -39.2% |
| Other amounts receivable | 41 | €29,821 | €0 | -€29,821 | -100.0% |
| Cash at bank and in hand | 54/58 | €319,880 | €62,159 | -€257,721 | -80.6% |
| Deferred charges and accrued income | 490/1 | €0 | €3,635 | +€3,635 | |
| Total equity and liabilities | 10/49 | €382,716 | €115,538 | -€267,178 | -69.8% |
| Equity | 10/15 | €81,098 | €60,493 | -€20,605 | -25.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,086 | €55,493 | +€23,407 | +73.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Tax-exempt reserves | 132 | €228 | €228 | = | 0.0% |
| Distributable reserves | 133 | €31,358 | €54,764 | +€23,407 | +74.6% |
| Profit (loss) carried forward | 14 | €44,012 | €0 | -€44,012 | -100.0% |
| Amounts payable | 17/49 | €301,619 | €55,046 | -€246,573 | -81.7% |
| Amounts payable within one year | 42/48 | €301,606 | €54,629 | -€246,977 | -81.9% |
| Current portion of amounts payable after more than one year | 42 | €42,000 | €0 | -€42,000 | -100.0% |
| Trade debts | 44 | €19,097 | €12,750 | -€6,347 | -33.2% |
| Suppliers | 440/4 | €19,097 | €12,750 | -€6,347 | -33.2% |
| Taxes, remuneration and social security | 45 | €106,509 | €27,145 | -€79,364 | -74.5% |
| Taxes | 450/3 | €100,462 | €21,951 | -€78,511 | -78.1% |
| Remuneration and social security | 454/9 | €6,047 | €5,194 | -€854 | -14.1% |
| Other amounts payable | 47/48 | €134,000 | €14,734 | -€119,266 | -89.0% |
| Accrued charges and deferred income | 492/3 | €13 | €417 | +€404 | +3093.2% |
| Remuneration, social security and pensions | 62 | €32,117 | €33,418 | +€1,301 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,460 | €2,931 | -€529 | -15.3% |
| Other operating charges | 640/8 | €536 | €548 | +€12 | +2.3% |
| Non-recurring operating charges | 66A | €1,361 | €0 | -€1,361 | -100.0% |
| Gross operating margin | 9900 | €216,249 | €70,583 | -€145,666 | -67.4% |
| Operating profit (loss) | 9901 | €178,775 | €33,686 | -€145,089 | -81.2% |
| Financial income | 75/76B | €883 | €1 | -€882 | -99.9% |
| Recurring financial income | 75 | €883 | €1 | -€882 | -99.9% |
| Financial charges | 65/66B | €1,855 | €2,351 | +€496 | +26.7% |
| Recurring financial charges | 65 | €1,855 | €2,351 | +€496 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €177,803 | €31,337 | -€146,467 | -82.4% |
| Income taxes | 67/77 | €41,357 | €9,589 | -€31,768 | -76.8% |
| Profit (loss) for the period | 9904 | €136,447 | €21,748 | -€114,698 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €136,447 | €21,748 | -€114,698 | -84.1% |
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.