P.LVRN: 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.
P.LVRN
Largest movements
- Cash +€13,313
up €13,313 (+31.9%), from €41,761 to €55,074
mainly Net result for the year (+€32,941) and Trade debts (+€3,595)
- Receivables within one year +€13,090
up €13,090 (+174.5%), from €7,500 to €20,590
of which Other amounts receivable: +€11,090
- Tangible fixed assets +€3,044
up €3,044 (+503.8%), from €604 to €3,648
of which Plant, machinery and equipment: +€3,423
- Reserves +€32,941
up €32,941 (+100.2%), from €32,876 to €65,817
- Tax, wage and social debts -€4,504
down €4,504 (-38.9%), from €11,582 to €7,078
- Trade debts +€3,595
up €3,595 (+367.8%), from €977 to €4,572
- Other debts -€2,585
no longer reported in 2025 (was €2,585)
- Financial income +€506
up €506 (+5424.8%), from €9 to €515
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 | €50,521 | €79,967 | +€29,447 | +58.3% |
| Fixed assets | 21/28 | €604 | €3,648 | +€3,044 | +503.8% |
| Tangible fixed assets | 22/27 | €604 | €3,648 | +€3,044 | +503.8% |
| Plant, machinery and equipment | 23 | - | €3,423 | +€3,423 | |
| Furniture and vehicles | 24 | €604 | €225 | -€380 | -62.8% |
| Current assets | 29/58 | €49,917 | €76,320 | +€26,403 | +52.9% |
| Amounts receivable within one year | 40/41 | €7,500 | €20,590 | +€13,090 | +174.5% |
| Trade receivables | 40 | €7,500 | €9,500 | +€2,000 | +26.7% |
| Other amounts receivable | 41 | - | €11,090 | +€11,090 | |
| Cash at bank and in hand | 54/58 | €41,761 | €55,074 | +€13,313 | +31.9% |
| Deferred charges and accrued income | 490/1 | €656 | €656 | = | 0.0% |
| Total equity and liabilities | 10/49 | €50,521 | €79,967 | +€29,447 | +58.3% |
| Equity | 10/15 | €35,376 | €68,317 | +€32,941 | +93.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €32,876 | €65,817 | +€32,941 | +100.2% |
| Distributable reserves | 133 | €32,876 | €65,817 | +€32,941 | +100.2% |
| Amounts payable | 17/49 | €15,145 | €11,650 | -€3,494 | -23.1% |
| Amounts payable within one year | 42/48 | €15,145 | €11,650 | -€3,494 | -23.1% |
| Trade debts | 44 | €977 | €4,572 | +€3,595 | +367.8% |
| Suppliers | 440/4 | €977 | €4,572 | +€3,595 | +367.8% |
| Taxes, remuneration and social security | 45 | €11,582 | €7,078 | -€4,504 | -38.9% |
| Taxes | 450/3 | €11,582 | €7,078 | -€4,504 | -38.9% |
| Other amounts payable | 47/48 | €2,585 | - | -€2,585 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €380 | €553 | +€173 | +45.7% |
| Other operating charges | 640/8 | €485 | €480 | -€5 | -1.0% |
| Gross operating margin | 9900 | €45,640 | €45,710 | +€70 | +0.2% |
| Operating profit (loss) | 9901 | €44,775 | €44,677 | -€98 | -0.2% |
| Financial income | 75/76B | €9 | €515 | +€506 | +5424.8% |
| Recurring financial income | 75 | €9 | €515 | +€506 | +5424.8% |
| Financial charges | 65/66B | €2,070 | €1,761 | -€308 | -14.9% |
| Recurring financial charges | 65 | €2,070 | €1,761 | -€308 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €42,715 | €43,431 | +€716 | +1.7% |
| Income taxes | 67/77 | €10,230 | €10,490 | +€261 | +2.5% |
| Profit (loss) for the period | 9904 | €32,485 | €32,941 | +€455 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,485 | €32,941 | +€455 | +1.4% |
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 7 October 2026 via checked.be.