P.S.V.: 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.S.V.
Largest movements
- Cash +€8,519
up €8,519 (+147.0%), from €5,795 to €14,314
mainly Net result for the year (+€14,803) and Depreciation (+€7,267)
- Tangible fixed assets -€5,699
down €5,699 (-46.0%), from €12,383 to €6,685
of which Furniture and vehicles: -€5,416
- Deferred charges and accrued income -€5,546
down €5,546 (-73.3%), from €7,571 to €2,025
- Stocks and contracts +€2,780
up €2,780 (+7.1%), from €39,368 to €42,148
- Receivables within one year -€1,739
down €1,739 (-35.1%), from €4,957 to €3,218
of which Trade receivables: -€2,273
- Profit (loss) carried forward +€14,803
up €14,803 (+47.4%), from €31,243 to €46,046
- Other debts -€14,683
down €14,683 (-93.0%), from €15,785 to €1,102
- Debts after one year -€5,802
no longer reported in 2024 (was €5,802)
- Tax, wage and social debts +€3,500
up €3,500 (+29.2%), from €11,987 to €15,487
of which Taxes: +€6,000
- Gross operating margin -€4,324
down €4,324 (-12.4%), from €35,009 to €30,685
- Taxes -€879
down €879 (-12.1%), from €7,272 to €6,393
- Depreciation +€399
up €399 (+5.8%), from €6,868 to €7,267
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,346 | €68,439 | -€1,908 | -2.7% |
| Formation expenses | 20 | €273 | €49 | -€223 | -82.0% |
| Fixed assets | 21/28 | €12,383 | €6,685 | -€5,699 | -46.0% |
| Tangible fixed assets | 22/27 | €12,383 | €6,685 | -€5,699 | -46.0% |
| Plant, machinery and equipment | 23 | €1,352 | €1,069 | -€283 | -20.9% |
| Furniture and vehicles | 24 | €11,031 | €5,616 | -€5,416 | -49.1% |
| Current assets | 29/58 | €57,690 | €61,705 | +€4,015 | +7.0% |
| Stocks and contracts in progress | 3 | €39,368 | €42,148 | +€2,780 | +7.1% |
| Stocks | 30/36 | €39,368 | €42,148 | +€2,780 | +7.1% |
| Amounts receivable within one year | 40/41 | €4,957 | €3,218 | -€1,739 | -35.1% |
| Trade receivables | 40 | €2,273 | - | -€2,273 | |
| Other amounts receivable | 41 | €2,684 | €3,218 | +€535 | +19.9% |
| Cash at bank and in hand | 54/58 | €5,795 | €14,314 | +€8,519 | +147.0% |
| Deferred charges and accrued income | 490/1 | €7,571 | €2,025 | -€5,546 | -73.3% |
| Total equity and liabilities | 10/49 | €70,346 | €68,439 | -€1,908 | -2.7% |
| Equity | 10/15 | €34,243 | €49,046 | +€14,803 | +43.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,243 | €46,046 | +€14,803 | +47.4% |
| Amounts payable | 17/49 | €36,103 | €19,393 | -€16,710 | -46.3% |
| Amounts payable after more than one year | 17 | €5,802 | - | -€5,802 | |
| Financial debts | 170/4 | €5,802 | - | -€5,802 | |
| Amounts payable within one year | 42/48 | €30,301 | €19,393 | -€10,908 | -36.0% |
| Trade debts | 44 | €2,529 | €2,804 | +€275 | +10.9% |
| Suppliers | 440/4 | €2,529 | €2,804 | +€275 | +10.9% |
| Taxes, remuneration and social security | 45 | €11,987 | €15,487 | +€3,500 | +29.2% |
| Taxes | 450/3 | €9,487 | €15,487 | +€6,000 | +63.2% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €15,785 | €1,102 | -€14,683 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,868 | €7,267 | +€399 | +5.8% |
| Other operating charges | 640/8 | €1,819 | €1,889 | +€70 | +3.8% |
| Gross operating margin | 9900 | €35,009 | €30,685 | -€4,324 | -12.4% |
| Operating profit (loss) | 9901 | €26,322 | €21,530 | -€4,793 | -18.2% |
| Financial income | 75/76B | €0 | €271 | +€270 | +117573.9% |
| Recurring financial income | 75 | €0 | €251 | +€250 | +108878.3% |
| Non-recurring financial income | 76B | - | €20 | +€20 | |
| Financial charges | 65/66B | €821 | €604 | -€217 | -26.4% |
| Recurring financial charges | 65 | €677 | €604 | -€73 | -10.7% |
| Non-recurring financial charges | 66B | €144 | - | -€144 | |
| Profit (loss) for the period before taxes | 9903 | €25,502 | €21,196 | -€4,306 | -16.9% |
| Income taxes | 67/77 | €7,272 | €6,393 | -€879 | -12.1% |
| Profit (loss) for the period | 9904 | €18,230 | €14,803 | -€3,427 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,230 | €14,803 | -€3,427 | -18.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.