P.V.I.S.: 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.I.S.
Largest movements
- Current investments -€28,358
down €28,358 (-100%), from €28,358 to €0
- Tangible fixed assets -€20,286
down €20,286 (-29.3%), from €69,156 to €48,870
of which Furniture and vehicles: -€13,804
- Cash -€17,660
down €17,660 (-20.0%), from €88,253 to €70,593
mainly Contributions, distributions and other (-€101,188) and Debts after one year (-€11,611)
- Deferred charges and accrued income +€2,470
up €2,470 (+60.8%), from €4,063 to €6,533
- Reserves -€49,671
down €49,671 (-29.7%), from €167,495 to €117,824
- Debts after one year -€11,611
down €11,611 (-52.3%), from €22,205 to €10,594
- Gross operating margin +€39,260
up €39,260 (+61.9%), from €63,375 to €102,635
- Taxes +€12,338
up €12,338 (+81.1%), from €15,220 to €27,558
- Financial income -€9,377
down €9,377 (-99.6%), from €9,415 to €38
of which Financial income: -€9,377
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,715 | €167,243 | -€64,471 | -27.8% |
| Fixed assets | 21/28 | €69,156 | €48,870 | -€20,286 | -29.3% |
| Tangible fixed assets | 22/27 | €69,156 | €48,870 | -€20,286 | -29.3% |
| Land and buildings | 22 | €28,345 | €22,087 | -€6,258 | -22.1% |
| Plant, machinery and equipment | 23 | €1,534 | €1,311 | -€224 | -14.6% |
| Furniture and vehicles | 24 | €39,276 | €25,473 | -€13,804 | -35.1% |
| Current assets | 29/58 | €162,559 | €118,373 | -€44,186 | -27.2% |
| Amounts receivable within one year | 40/41 | €41,885 | €41,247 | -€638 | -1.5% |
| Trade receivables | 40 | €41,885 | €40,904 | -€981 | -2.3% |
| Other amounts receivable | 41 | €0 | €343 | +€343 | |
| Current investments | 50/53 | €28,358 | €0 | -€28,358 | -100% |
| Cash at bank and in hand | 54/58 | €88,253 | €70,593 | -€17,660 | -20.0% |
| Deferred charges and accrued income | 490/1 | €4,063 | €6,533 | +€2,470 | +60.8% |
| Total equity and liabilities | 10/49 | €231,715 | €167,243 | -€64,471 | -27.8% |
| Equity | 10/15 | €173,695 | €124,024 | -€49,671 | -28.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €167,495 | €117,824 | -€49,671 | -29.7% |
| Distributable reserves | 133 | €167,495 | €117,824 | -€49,671 | -29.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €58,020 | €43,219 | -€14,800 | -25.5% |
| Amounts payable after more than one year | 17 | €22,205 | €10,594 | -€11,611 | -52.3% |
| Financial debts | 170/4 | €22,205 | €10,594 | -€11,611 | -52.3% |
| Amounts payable within one year | 42/48 | €35,815 | €32,625 | -€3,190 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €11,220 | €11,611 | +€390 | +3.5% |
| Financial debts | 43 | €1,137 | €0 | -€1,137 | -100% |
| Credit institutions | 430/8 | €1,137 | €0 | -€1,137 | -100% |
| Trade debts | 44 | €959 | €853 | -€106 | -11.1% |
| Suppliers | 440/4 | €959 | €853 | -€106 | -11.1% |
| Taxes, remuneration and social security | 45 | €21,493 | €20,162 | -€1,332 | -6.2% |
| Taxes | 450/3 | €21,493 | €20,162 | -€1,332 | -6.2% |
| Other amounts payable | 47/48 | €1,006 | €0 | -€1,006 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,298 | €20,520 | -€778 | -3.7% |
| Other operating charges | 640/8 | €1,202 | €1,023 | -€179 | -14.9% |
| Gross operating margin | 9900 | €63,375 | €102,635 | +€39,260 | +61.9% |
| Operating profit (loss) | 9901 | €40,876 | €81,092 | +€40,216 | +98.4% |
| Financial income | 75/76B | €9,415 | €38 | -€9,377 | -99.6% |
| Recurring financial income | 75 | €9,415 | €38 | -€9,377 | -99.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,455 | €2,056 | -€399 | -16.3% |
| Recurring financial charges | 65 | €1,531 | €1,155 | -€376 | -24.5% |
| Non-recurring financial charges | 66B | €924 | €901 | -€23 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €47,836 | €79,074 | +€31,238 | +65.3% |
| Income taxes | 67/77 | €15,220 | €27,558 | +€12,338 | +81.1% |
| Profit (loss) for the period | 9904 | €32,616 | €51,516 | +€18,901 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,616 | €51,516 | +€18,901 | +57.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.