PROVOOST FREDERIC: 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.
PROVOOST FREDERIC
Largest movements
- Tangible fixed assets +€680,507
up €680,507 (+116.9%), from €581,929 to €1.3m
of which Land and buildings: +€813,120
- Cash -€409,104
down €409,104 (-40.3%), from €1.0m to €606,190
mainly Contributions, distributions and other (-€957,573) and Investment in fixed assets (net) (-€869,508)
- Receivables within one year -€195,401
down €195,401 (-56.7%), from €344,529 to €149,127
of which Other amounts receivable: -€119,688
- Other debts +€825,411
up €825,411 (+278.8%), from €296,049 to €1.1m
- Reserves -€661,078
down €661,078 (-33.9%), from €2.0m to €1.3m
of which Distributable reserves: -€661,078
- Gross operating margin -€58,721
down €58,721 (-6.3%), from €931,622 to €872,901
- Staff costs -€28,835
down €28,835 (-10.5%), from €274,131 to €245,296
- Taxes -€16,176
down €16,176 (-10.7%), from €150,790 to €134,614
- Financial charges +€9,934
up €9,934 (+374.5%), from €2,653 to €12,587
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 | €2,401,956 | €2,486,064 | +€84,109 | +3.5% |
| Fixed assets | 21/28 | €581,929 | €1,262,436 | +€680,507 | +116.9% |
| Tangible fixed assets | 22/27 | €581,929 | €1,262,436 | +€680,507 | +116.9% |
| Land and buildings | 22 | €235,552 | €1,048,672 | +€813,120 | +345.2% |
| Plant, machinery and equipment | 23 | €68,103 | €40,067 | -€28,037 | -41.2% |
| Furniture and vehicles | 24 | €277,503 | €173,337 | -€104,167 | -37.5% |
| Other tangible fixed assets | 26 | €771 | €361 | -€410 | -53.2% |
| Current assets | 29/58 | €1,820,026 | €1,223,628 | -€596,398 | -32.8% |
| Amounts receivable within one year | 40/41 | €344,529 | €149,127 | -€195,401 | -56.7% |
| Trade receivables | 40 | €217,063 | €141,350 | -€75,713 | -34.9% |
| Other amounts receivable | 41 | €127,466 | €7,777 | -€119,688 | -93.9% |
| Current investments | 50/53 | €450,000 | €450,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,015,295 | €606,190 | -€409,104 | -40.3% |
| Deferred charges and accrued income | 490/1 | €10,203 | €18,310 | +€8,107 | +79.5% |
| Total equity and liabilities | 10/49 | €2,401,956 | €2,486,064 | +€84,109 | +3.5% |
| Equity | 10/15 | €1,963,284 | €1,302,205 | -€661,078 | -33.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,950,884 | €1,289,805 | -€661,078 | -33.9% |
| Tax-exempt reserves | 132 | €71,000 | €71,000 | = | 0.0% |
| Distributable reserves | 133 | €1,879,884 | €1,218,805 | -€661,078 | -35.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €438,672 | €1,183,859 | +€745,187 | +169.9% |
| Amounts payable after more than one year | 17 | €13,612 | €0 | -€13,612 | -100.0% |
| Financial debts | 170/4 | €13,612 | €0 | -€13,612 | -100.0% |
| Amounts payable within one year | 42/48 | €425,060 | €1,173,419 | +€748,359 | +176.1% |
| Current portion of amounts payable after more than one year | 42 | €23,333 | €13,612 | -€9,721 | -41.7% |
| Trade debts | 44 | €36,338 | €12,398 | -€23,940 | -65.9% |
| Suppliers | 440/4 | €36,338 | €12,398 | -€23,940 | -65.9% |
| Advances received on contracts in progress | 46 | €20,000 | €0 | -€20,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €49,340 | €25,950 | -€23,391 | -47.4% |
| Taxes | 450/3 | €42,583 | €25,950 | -€16,633 | -39.1% |
| Remuneration and social security | 454/9 | €6,758 | €0 | -€6,758 | -100.0% |
| Other amounts payable | 47/48 | €296,049 | €1,121,460 | +€825,411 | +278.8% |
| Accrued charges and deferred income | 492/3 | - | €10,440 | +€10,440 | |
| Non-recurring operating income | 76A | €17,300 | €0 | -€17,300 | -100.0% |
| Remuneration, social security and pensions | 62 | €274,131 | €245,296 | -€28,835 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,650 | €189,002 | +€2,352 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,000 | +€5,000 | |
| Other operating charges | 640/8 | €10,129 | €18,283 | +€8,154 | +80.5% |
| Gross operating margin | 9900 | €931,622 | €872,901 | -€58,721 | -6.3% |
| Operating profit (loss) | 9901 | €460,713 | €415,320 | -€45,392 | -9.9% |
| Financial income | 75/76B | €23,874 | €28,375 | +€4,501 | +18.9% |
| Recurring financial income | 75 | €23,874 | €28,375 | +€4,501 | +18.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,653 | €12,587 | +€9,934 | +374.5% |
| Recurring financial charges | 65 | €2,653 | €12,587 | +€9,934 | +374.5% |
| Profit (loss) for the period before taxes | 9903 | €481,934 | €431,109 | -€50,826 | -10.5% |
| Income taxes | 67/77 | €150,790 | €134,614 | -€16,176 | -10.7% |
| Profit (loss) for the period | 9904 | €331,145 | €296,495 | -€34,650 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €331,145 | €296,495 | -€34,650 | -10.5% |
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 9 October 2026 via checked.be.