P & V BOUW: 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.
P & V BOUW
Largest movements
- Stocks and contracts +€241,035
up €241,035 (+101%), from €239,309 to €480,344
- Cash -€111,188
down €111,188 (-83.9%), from €132,585 to €21,397
mainly Stocks and contracts (-€241,035) and Net result for the year (-€47,093)
- Receivables within one year -€52,863
down €52,863 (-30.7%), from €172,002 to €119,139
of which Other amounts receivable: -€45,790
- Financial fixed assets -€51,500
down €51,500 (-95.8%), from €53,740 to €2,240
- Debts after one year +€73,502
new in 2025: €73,502
- Profit (loss) carried forward -€47,093
new in 2025: -€47,093
- Tax, wage and social debts -€40,383
no longer reported in 2025 (was €40,383)
- Other debts +€31,246
up €31,246 (+259%), from €12,087 to €43,333
- Gross operating margin -€57,369
down €57,369, from €25,664 to -€31,706
- Depreciation +€5,716
up €5,716 (+271%), from €2,109 to €7,825
- Financial charges -€5,590
down €5,590 (-71.9%), from €7,773 to €2,182
- Taxes +€3,023
up €3,023 (+273%), from €1,109 to €4,131
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 | €605,473 | €626,788 | +€21,315 | +3.5% |
| Fixed assets | 21/28 | €61,576 | €5,907 | -€55,669 | -90.4% |
| Tangible fixed assets | 22/27 | €7,836 | €3,667 | -€4,169 | -53.2% |
| Plant, machinery and equipment | 23 | €1,045 | €3,667 | +€2,622 | +251% |
| Furniture and vehicles | 24 | €6,791 | - | -€6,791 | |
| Financial fixed assets | 28 | €53,740 | €2,240 | -€51,500 | -95.8% |
| Current assets | 29/58 | €543,897 | €620,881 | +€76,984 | +14.2% |
| Stocks and contracts in progress | 3 | €239,309 | €480,344 | +€241,035 | +101% |
| Stocks | 30/36 | €239,309 | €480,344 | +€241,035 | +101% |
| Amounts receivable within one year | 40/41 | €172,002 | €119,139 | -€52,863 | -30.7% |
| Trade receivables | 40 | €40,236 | €33,164 | -€7,072 | -17.6% |
| Other amounts receivable | 41 | €131,766 | €85,975 | -€45,790 | -34.8% |
| Cash at bank and in hand | 54/58 | €132,585 | €21,397 | -€111,188 | -83.9% |
| Total equity and liabilities | 10/49 | €605,473 | €626,788 | +€21,315 | +3.5% |
| Equity | 10/15 | €547,890 | €500,797 | -€47,093 | -8.6% |
| Contributions | 10/11 | €42,400 | €42,400 | = | 0.0% |
| Reserves | 13 | €505,490 | €505,490 | = | 0.0% |
| Distributable reserves | 133 | €505,490 | €505,490 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€47,093 | -€47,093 | |
| Amounts payable | 17/49 | €57,582 | €125,990 | +€68,408 | +119% |
| Amounts payable after more than one year | 17 | - | €73,502 | +€73,502 | |
| Financial debts | 170/4 | - | €73,502 | +€73,502 | |
| Amounts payable within one year | 42/48 | €57,582 | €52,489 | -€5,094 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €5,113 | €5,073 | -€39 | -0.8% |
| Trade debts | 44 | €0 | €4,083 | +€4,083 | |
| Suppliers | 440/4 | €0 | €4,083 | +€4,083 | |
| Taxes, remuneration and social security | 45 | €40,383 | - | -€40,383 | |
| Taxes | 450/3 | €40,383 | - | -€40,383 | |
| Other amounts payable | 47/48 | €12,087 | €43,333 | +€31,246 | +259% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,109 | €7,825 | +€5,716 | +271% |
| Other operating charges | 640/8 | €1,229 | €1,283 | +€53 | +4.4% |
| Gross operating margin | 9900 | €25,664 | -€31,706 | -€57,369 | |
| Operating profit (loss) | 9901 | €22,326 | -€40,813 | -€63,139 | |
| Financial income | 75/76B | €1 | €34 | +€33 | +4,794% |
| Recurring financial income | 75 | €1 | €34 | +€33 | +4,794% |
| Financial charges | 65/66B | €7,773 | €2,182 | -€5,590 | -71.9% |
| Recurring financial charges | 65 | €7,773 | €2,182 | -€5,590 | -71.9% |
| Profit (loss) for the period before taxes | 9903 | €14,554 | -€42,962 | -€57,516 | |
| Income taxes | 67/77 | €1,109 | €4,131 | +€3,023 | +273% |
| Profit (loss) for the period | 9904 | €13,445 | -€47,093 | -€60,538 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,445 | -€47,093 | -€60,538 |
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 25 October 2026 via checked.be.