HOLDING PVC: 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.
HOLDING PVC
Largest movements
- Receivables within one year +€56,882
up €56,882 (+3.1%), from €1.9m to €1.9m
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€826,366
down €826,366 (-95.7%), from €863,784 to €37,418
- Taxes -€71,753
down €71,753 (-93.1%), from €77,085 to €5,332
- Gross operating margin +€1,257
up €1,257 (+10.4%), from -€12,097 to -€10,840
- Other operating charges -€241
down €241 (-14.2%), from €1,702 to €1,461
- Financial charges -€173
down €173 (-8.4%), from €2,055 to €1,883
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 | €3,474,611 | €3,501,707 | +€27,095 | +0.8% |
| Fixed assets | 21/28 | €1,580,411 | €1,580,411 | = | 0.0% |
| Financial fixed assets | 28 | €1,580,411 | €1,580,411 | = | 0.0% |
| Current assets | 29/58 | €1,894,200 | €1,921,296 | +€27,095 | +1.4% |
| Amounts receivable within one year | 40/41 | €1,863,688 | €1,920,569 | +€56,882 | +3.1% |
| Other amounts receivable | 41 | €1,863,688 | €1,920,569 | +€56,882 | +3.1% |
| Cash at bank and in hand | 54/58 | €1,549 | €726 | -€823 | -53.1% |
| Deferred charges and accrued income | 490/1 | €28,963 | €0 | -€28,963 | -100% |
| Total equity and liabilities | 10/49 | €3,474,611 | €3,501,707 | +€27,095 | +0.8% |
| Equity | 10/15 | €3,370,086 | €3,387,989 | +€17,903 | +0.5% |
| Contributions | 10/11 | €805,000 | €805,000 | = | 0.0% |
| Capital | 10 | €805,000 | €805,000 | = | 0.0% |
| Issued capital | 100 | €805,000 | €805,000 | = | 0.0% |
| Reserves | 13 | €2,565,086 | €2,582,989 | +€17,903 | +0.7% |
| Non-distributable reserves | 130/1 | €84,964 | €84,964 | = | 0.0% |
| Legal reserve | 130 | €84,964 | €84,964 | = | 0.0% |
| Distributable reserves | 133 | €2,480,122 | €2,498,025 | +€17,903 | +0.7% |
| Amounts payable | 17/49 | €104,525 | €113,717 | +€9,192 | +8.8% |
| Amounts payable within one year | 42/48 | €102,513 | €111,752 | +€9,239 | +9.0% |
| Trade debts | 44 | €0 | €998 | +€998 | |
| Suppliers | 440/4 | €0 | €998 | +€998 | |
| Taxes, remuneration and social security | 45 | €77,085 | €82,416 | +€5,332 | +6.9% |
| Taxes | 450/3 | €77,085 | €82,416 | +€5,332 | +6.9% |
| Other amounts payable | 47/48 | €25,429 | €28,337 | +€2,908 | +11.4% |
| Accrued charges and deferred income | 492/3 | €2,012 | €1,966 | -€46 | -2.3% |
| Other operating charges | 640/8 | €1,702 | €1,461 | -€241 | -14.2% |
| Gross operating margin | 9900 | -€12,097 | -€10,840 | +€1,257 | +10.4% |
| Operating profit (loss) | 9901 | -€13,799 | -€12,301 | +€1,498 | +10.9% |
| Financial income | 75/76B | €863,784 | €37,418 | -€826,366 | -95.7% |
| Recurring financial income | 75 | €863,784 | €37,418 | -€826,366 | -95.7% |
| Financial charges | 65/66B | €2,055 | €1,883 | -€173 | -8.4% |
| Recurring financial charges | 65 | €2,055 | €1,883 | -€173 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €847,930 | €23,235 | -€824,695 | -97.3% |
| Income taxes | 67/77 | €77,085 | €5,332 | -€71,753 | -93.1% |
| Profit (loss) for the period | 9904 | €770,845 | €17,903 | -€752,942 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €770,845 | €17,903 | -€752,942 | -97.7% |
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 19 October 2026 via checked.be.