PROVAN: 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.
PROVAN
Largest movements
- Receivables within one year +€7,546
up €7,546 (+5.1%), from €146,758 to €154,304
- Reserves +€13,916
up €13,916 (+23.1%), from €60,213 to €74,129
of which Distributable reserves: +€13,916
- Tax, wage and social debts -€5,468
down €5,468 (-87.7%), from €6,233 to €765
- Depreciation -€2,569
down €2,569 (-68.5%), from €3,749 to €1,180
- Gross operating margin +€1,712
up €1,712 (+67.9%), from €2,521 to €4,233
- Taxes +€1,529
up €1,529 (+88.1%), from €1,736 to €3,265
- Financial income +€860
up €860 (+11.4%), from €7,522 to €8,382
- Other operating charges +€81
up €81 (+7.4%), from €1,091 to €1,172
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,082 | €176,530 | +€8,448 | +5.0% |
| Fixed assets | 21/28 | €21,324 | €22,226 | +€902 | +4.2% |
| Tangible fixed assets | 22/27 | €21,324 | €22,226 | +€902 | +4.2% |
| Land and buildings | 22 | €21,324 | €22,226 | +€902 | +4.2% |
| Current assets | 29/58 | €146,758 | €154,304 | +€7,546 | +5.1% |
| Amounts receivable within one year | 40/41 | €146,758 | €154,304 | +€7,546 | +5.1% |
| Other amounts receivable | 41 | €146,758 | €154,304 | +€7,546 | +5.1% |
| Total equity and liabilities | 10/49 | €168,082 | €176,530 | +€8,448 | +5.0% |
| Equity | 10/15 | €161,849 | €175,765 | +€13,916 | +8.6% |
| Contributions | 10/11 | €101,636 | €101,636 | = | 0.0% |
| Capital | 10 | €101,636 | €101,636 | = | 0.0% |
| Issued capital | 100 | €101,636 | €101,636 | = | 0.0% |
| Reserves | 13 | €60,213 | €74,129 | +€13,916 | +23.1% |
| Non-distributable reserves | 130/1 | €10,164 | €10,164 | = | 0.0% |
| Legal reserve | 130 | €10,164 | €10,164 | = | 0.0% |
| Distributable reserves | 133 | €50,049 | €63,965 | +€13,916 | +27.8% |
| Amounts payable | 17/49 | €6,233 | €765 | -€5,468 | -87.7% |
| Amounts payable within one year | 42/48 | €6,233 | €765 | -€5,468 | -87.7% |
| Taxes, remuneration and social security | 45 | €6,233 | €765 | -€5,468 | -87.7% |
| Taxes | 450/3 | €6,233 | €765 | -€5,468 | -87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,749 | €1,180 | -€2,569 | -68.5% |
| Other operating charges | 640/8 | €1,091 | €1,172 | +€81 | +7.4% |
| Gross operating margin | 9900 | €2,521 | €4,233 | +€1,712 | +67.9% |
| Operating profit (loss) | 9901 | -€2,319 | €1,881 | +€4,200 | |
| Financial income | 75/76B | €7,522 | €8,382 | +€860 | +11.4% |
| Recurring financial income | 75 | €7,522 | €8,382 | +€860 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €5,203 | €10,263 | +€5,060 | +97.3% |
| Income taxes | 67/77 | €1,736 | €3,265 | +€1,529 | +88.1% |
| Profit (loss) for the period | 9904 | €3,467 | €6,998 | +€3,531 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €3,467 | €6,998 | +€3,531 | +102% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.