P.V.B. ENTRY: 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.V.B. ENTRY
Largest movements
- Cash +€443,461
up €443,461 (+674.9%), from €65,710 to €509,171
mainly Debts after one year (+€212,267) and Net result for the year (+€202,939)
- Tangible fixed assets +€136,278
up €136,278 (+11.5%), from €1.2m to €1.3m
of which Land and buildings: +€87,656
- Debts after one year +€212,267
up €212,267 (+26.8%), from €792,453 to €1.0m
of which Financial debts: +€228,972
- Reserves +€179,310
up €179,310 (+39.0%), from €459,608 to €638,918
of which Tax-exempt reserves: +€179,310
- Provisions +€44,498
up €44,498 (+32.5%), from €136,856 to €181,354
- Current portion of long-term debt +€31,211
up €31,211 (+71.4%), from €43,724 to €74,935
- Accrued charges and deferred income +€31,000
up €31,000 (+24.9%), from €124,331 to €155,331
- Gross operating margin +€337,468
up €337,468 (+333.4%), from €101,231 to €438,699
- Other operating charges +€42,257
up €42,257 (+172.1%), from €24,552 to €66,809
- Taxes +€17,163
up €17,163, from -€6,500 to €10,663
- Financial charges -€10,058
down €10,058 (-40.9%), from €24,584 to €14,526
of which Non-recurring financial charges: -€8,500
- Depreciation +€7,845
up €7,845 (+8.5%), from €92,763 to €100,609
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 | €1,470,324 | €2,039,901 | +€569,577 | +38.7% |
| Fixed assets | 21/28 | €1,196,339 | €1,332,617 | +€136,278 | +11.4% |
| Tangible fixed assets | 22/27 | €1,183,939 | €1,320,217 | +€136,278 | +11.5% |
| Land and buildings | 22 | €1,142,245 | €1,229,901 | +€87,656 | +7.7% |
| Plant, machinery and equipment | 23 | €14,917 | €79,900 | +€64,983 | +435.6% |
| Furniture and vehicles | 24 | €26,778 | €10,417 | -€16,361 | -61.1% |
| Financial fixed assets | 28 | €12,400 | €12,400 | = | 0.0% |
| Current assets | 29/58 | €273,985 | €707,284 | +€433,299 | +158.1% |
| Amounts receivable within one year | 40/41 | €208,275 | €198,113 | -€10,162 | -4.9% |
| Trade receivables | 40 | €27,197 | €13,874 | -€13,323 | -49.0% |
| Other amounts receivable | 41 | €181,078 | €184,239 | +€3,161 | +1.7% |
| Cash at bank and in hand | 54/58 | €65,710 | €509,171 | +€443,461 | +674.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,470,324 | €2,039,901 | +€569,577 | +38.7% |
| Equity | 10/15 | €330,212 | €533,151 | +€202,939 | +61.5% |
| Contributions | 10/11 | €99,165 | €99,165 | = | 0.0% |
| Reserves | 13 | €459,608 | €638,918 | +€179,310 | +39.0% |
| Non-distributable reserves | 130/1 | €1,643 | €1,643 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,643 | €1,643 | = | 0.0% |
| Tax-exempt reserves | 132 | €288,872 | €468,183 | +€179,310 | +62.1% |
| Distributable reserves | 133 | €169,093 | €169,093 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€228,561 | -€204,933 | +€23,629 | +10.3% |
| Provisions and deferred taxes | 16 | €136,856 | €181,354 | +€44,498 | +32.5% |
| Deferred taxes | 168 | €136,856 | €181,354 | +€44,498 | +32.5% |
| Amounts payable | 17/49 | €1,003,256 | €1,325,396 | +€322,140 | +32.1% |
| Amounts payable after more than one year | 17 | €792,453 | €1,004,720 | +€212,267 | +26.8% |
| Financial debts | 170/4 | €713,282 | €942,254 | +€228,972 | +32.1% |
| Other amounts payable | 178/9 | €79,171 | €62,466 | -€16,705 | -21.1% |
| Amounts payable within one year | 42/48 | €86,472 | €165,346 | +€78,873 | +91.2% |
| Current portion of amounts payable after more than one year | 42 | €43,724 | €74,935 | +€31,211 | +71.4% |
| Trade debts | 44 | €40,027 | €61,871 | +€21,844 | +54.6% |
| Suppliers | 440/4 | €40,027 | €61,871 | +€21,844 | +54.6% |
| Taxes, remuneration and social security | 45 | €1,184 | €11,847 | +€10,663 | +900.9% |
| Taxes | 450/3 | €1,184 | €11,847 | +€10,663 | +900.9% |
| Other amounts payable | 47/48 | €1,538 | €16,693 | +€15,156 | +985.6% |
| Accrued charges and deferred income | 492/3 | €124,331 | €155,331 | +€31,000 | +24.9% |
| Non-recurring operating income | 76A | - | €359,290 | +€359,290 | |
| Remuneration, social security and pensions | 62 | €873 | €977 | +€104 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,763 | €100,609 | +€7,845 | +8.5% |
| Other operating charges | 640/8 | €24,552 | €66,809 | +€42,257 | +172.1% |
| Gross operating margin | 9900 | €101,231 | €438,699 | +€337,468 | +333.4% |
| Operating profit (loss) | 9901 | -€16,957 | €270,305 | +€287,262 | |
| Financial income | 75/76B | €2,983 | €2,321 | -€662 | -22.2% |
| Recurring financial income | 75 | €2,983 | €2,321 | -€662 | -22.2% |
| Financial charges | 65/66B | €24,584 | €14,526 | -€10,058 | -40.9% |
| Recurring financial charges | 65 | €16,084 | €14,526 | -€1,558 | -9.7% |
| Non-recurring financial charges | 66B | €8,500 | €0 | -€8,500 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€38,558 | €258,100 | +€296,658 | |
| Transfer from deferred taxes | 780 | €13,130 | €45,324 | +€32,194 | +245.2% |
| Transfer to deferred taxes | 680 | - | €89,822 | +€89,822 | |
| Income taxes | 67/77 | -€6,500 | €10,663 | +€17,163 | |
| Profit (loss) for the period | 9904 | -€18,928 | €202,939 | +€221,867 | |
| Transfer from tax-exempt reserves | 789 | €27,635 | €90,157 | +€62,523 | +226.2% |
| Transfer to tax-exempt reserves | 689 | - | €269,467 | +€269,467 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,706 | €23,629 | +€14,923 | +171.4% |
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 2 October 2026 via checked.be.