H.S. - PLV: 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.
H.S. - PLV
Largest movements
- Cash +€1.1m
up €1.1m (+11,246%), from €9,719 to €1.1m
mainly Net result for the year (+€1.2m) and Investment in fixed assets (net) (+€305,786)
- Financial fixed assets -€305,786
down €305,786 (-30.6%), from €999,888 to €694,102
- Receivables within one year -€208,625
down €208,625 (-82.3%), from €253,625 to €45,000
- Reserves +€951,726
up €951,726 (+327%), from €290,620 to €1.2m
of which Distributable reserves: +€951,726
- Other debts -€254,375
down €254,375 (-37.2%), from €684,422 to €430,047
- Trade debts -€106,886
down €106,886 (-70.5%), from €151,535 to €44,649
- Financial income +€1.2m
up €1.2m (+11,980,307,500%), from €0 to €1.2m
- Staff costs -€21,503
down €21,503 (-99.9%), from €21,526 to €23
- Gross operating margin -€20,586
down €20,586 (-77.1%), from €26,693 to €6,106
- Financial charges +€609
up €609 (+140%), from €434 to €1,044
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 | €1,263,462 | €1,842,707 | +€579,245 | +45.8% |
| Fixed assets | 21/28 | €999,888 | €694,102 | -€305,786 | -30.6% |
| Financial fixed assets | 28 | €999,888 | €694,102 | -€305,786 | -30.6% |
| Current assets | 29/58 | €263,574 | €1,148,605 | +€885,031 | +336% |
| Amounts receivable within one year | 40/41 | €253,625 | €45,000 | -€208,625 | -82.3% |
| Trade receivables | 40 | €253,625 | €45,000 | -€208,625 | -82.3% |
| Cash at bank and in hand | 54/58 | €9,719 | €1,102,757 | +€1.1m | +11,246% |
| Deferred charges and accrued income | 490/1 | €230 | €848 | +€618 | +268% |
| Total equity and liabilities | 10/49 | €1,263,462 | €1,842,707 | +€579,245 | +45.8% |
| Equity | 10/15 | €414,620 | €1,366,346 | +€951,726 | +230% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €290,620 | €1,242,346 | +€951,726 | +327% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €278,220 | €1,229,946 | +€951,726 | +342% |
| Amounts payable | 17/49 | €848,842 | €476,361 | -€372,481 | -43.9% |
| Amounts payable within one year | 42/48 | €848,493 | €476,042 | -€372,451 | -43.9% |
| Trade debts | 44 | €151,535 | €44,649 | -€106,886 | -70.5% |
| Suppliers | 440/4 | €151,535 | €44,649 | -€106,886 | -70.5% |
| Taxes, remuneration and social security | 45 | €12,535 | €1,345 | -€11,190 | -89.3% |
| Taxes | 450/3 | €12,535 | €1,345 | -€11,190 | -89.3% |
| Other amounts payable | 47/48 | €684,422 | €430,047 | -€254,375 | -37.2% |
| Accrued charges and deferred income | 492/3 | €349 | €319 | -€30 | -8.6% |
| Remuneration, social security and pensions | 62 | €21,526 | €23 | -€21,503 | -99.9% |
| Gross operating margin | 9900 | €26,693 | €6,106 | -€20,586 | -77.1% |
| Operating profit (loss) | 9901 | €5,167 | €6,084 | +€917 | +17.7% |
| Financial income | 75/76B | €0 | €1,198,031 | +€1.2m | +11,980,307,500% |
| Recurring financial income | 75 | €0 | €1,198,031 | +€1.2m | +11,980,307,500% |
| Financial charges | 65/66B | €434 | €1,044 | +€609 | +140% |
| Recurring financial charges | 65 | €434 | €1,044 | +€609 | +140% |
| Profit (loss) for the period before taxes | 9903 | €4,732 | €1,203,071 | +€1.2m | +25,323% |
| Income taxes | 67/77 | €1,337 | €1,345 | +€8 | +0.6% |
| Profit (loss) for the period | 9904 | €3,395 | €1,201,726 | +€1.2m | +35,296% |
| Profit (loss) for the period to be appropriated | 9905 | €3,395 | €1,201,726 | +€1.2m | +35,296% |
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 24 October 2026 via checked.be.