P.V.D.C.: 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.D.C.
Largest movements
- Cash -€206
down €206 (-55.5%), from €371 to €165
mainly Provisions (-€1,618) and Trade debts (-€534)
- Provisions -€1,618
down €1,618 (-100.0%), from €1,618 to €0
- Profit (loss) carried forward +€1,050
up €1,050 (+0.3%), from -€356,185 to -€355,135
- Other debts +€900
up €900 (+0.6%), from €154,500 to €155,400
- Trade debts -€534
down €534 (-85.7%), from €623 to €89
- Gross operating margin +€3,634
up €3,634 (+97.6%), from -€3,723 to -€89
- Provisions +€1,210
up €1,210 (+42.8%), from -€2,828 to -€1,618
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 | €556 | €355 | -€201 | -36.2% |
| Current assets | 29/58 | €556 | €355 | -€201 | -36.2% |
| Amounts receivable within one year | 40/41 | €185 | €190 | +€5 | +2.5% |
| Other amounts receivable | 41 | €185 | €190 | +€5 | +2.5% |
| Cash at bank and in hand | 54/58 | €371 | €165 | -€206 | -55.5% |
| Total equity and liabilities | 10/49 | €556 | €355 | -€201 | -36.2% |
| Equity | 10/15 | -€156,185 | -€155,135 | +€1,050 | +0.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€356,185 | -€355,135 | +€1,050 | +0.3% |
| Provisions and deferred taxes | 16 | €1,618 | €0 | -€1,618 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €1,618 | €0 | -€1,618 | -100.0% |
| Other liabilities and charges | 164/5 | €1,618 | €0 | -€1,618 | -100.0% |
| Amounts payable | 17/49 | €155,123 | €155,489 | +€366 | +0.2% |
| Amounts payable within one year | 42/48 | €155,123 | €155,489 | +€366 | +0.2% |
| Trade debts | 44 | €623 | €89 | -€534 | -85.7% |
| Suppliers | 440/4 | €623 | €89 | -€534 | -85.7% |
| Other amounts payable | 47/48 | €154,500 | €155,400 | +€900 | +0.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,828 | -€1,618 | +€1,210 | +42.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€3,723 | -€89 | +€3,634 | +97.6% |
| Operating profit (loss) | 9901 | -€1,282 | €1,128 | +€2,411 | |
| Financial charges | 65/66B | €44 | €78 | +€35 | +80.3% |
| Recurring financial charges | 65 | €44 | €78 | +€35 | +80.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,326 | €1,050 | +€2,376 | |
| Profit (loss) for the period | 9904 | -€1,326 | €1,050 | +€2,376 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,326 | €1,050 | +€2,376 |
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 10 October 2026 via checked.be.