P.V.K.: 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.K.
Largest movements
- Cash -€40,552
down €40,552 (-7.2%), from €562,586 to €522,034
mainly Other debts (-€41,541) and Contributions, distributions and other (-€40,494)
- Receivables within one year -€32,772
down €32,772 (-81.5%), from €40,231 to €7,459
of which Other amounts receivable: -€23,840
- Tangible fixed assets -€11,173
down €11,173 (-16.7%), from €67,020 to €55,847
of which Furniture and vehicles: -€6,588
- Reserves -€43,688
down €43,688 (-7.4%), from €586,951 to €543,263
- Other debts -€41,541
down €41,541 (-98.2%), from €42,285 to €744
- Financial income -€551,265
down €551,265 (-97.3%), from €566,823 to €15,558
of which Non-recurring financial income: -€558,318
- Gross operating margin +€17,027
up €17,027 (+56.6%), from -€30,076 to -€13,049
- Depreciation -€9,451
down €9,451 (-74.5%), from €12,679 to €3,228
- Taxes -€3,667
down €3,667 (-93.4%), from €3,928 to €261
- Financial charges -€1,438
down €1,438 (-74.2%), from €1,938 to €500
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 | €718,588 | €634,091 | -€84,497 | -11.8% |
| Fixed assets | 21/28 | €67,020 | €55,847 | -€11,173 | -16.7% |
| Tangible fixed assets | 22/27 | €67,020 | €55,847 | -€11,173 | -16.7% |
| Land and buildings | 22 | €59,074 | €55,847 | -€3,227 | -5.5% |
| Plant, machinery and equipment | 23 | €1,358 | - | -€1,358 | |
| Furniture and vehicles | 24 | €6,588 | - | -€6,588 | |
| Current assets | 29/58 | €651,568 | €578,244 | -€73,324 | -11.3% |
| Amounts receivable within one year | 40/41 | €40,231 | €7,459 | -€32,772 | -81.5% |
| Trade receivables | 40 | €9,286 | €354 | -€8,932 | -96.2% |
| Other amounts receivable | 41 | €30,945 | €7,105 | -€23,840 | -77.0% |
| Current investments | 50/53 | €48,751 | €48,751 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €562,586 | €522,034 | -€40,552 | -7.2% |
| Total equity and liabilities | 10/49 | €718,588 | €634,091 | -€84,497 | -11.8% |
| Equity | 10/15 | €672,970 | €629,282 | -€43,688 | -6.5% |
| Contributions | 10/11 | €86,019 | €86,019 | = | 0.0% |
| Reserves | 13 | €586,951 | €543,263 | -€43,688 | -7.4% |
| Distributable reserves | 133 | €586,951 | €543,263 | -€43,688 | -7.4% |
| Amounts payable | 17/49 | €45,618 | €4,809 | -€40,809 | -89.5% |
| Amounts payable within one year | 42/48 | €45,618 | €4,809 | -€40,809 | -89.5% |
| Current portion of amounts payable after more than one year | 42 | €3,333 | - | -€3,333 | |
| Taxes, remuneration and social security | 45 | - | €4,065 | +€4,065 | |
| Taxes | 450/3 | - | €3,565 | +€3,565 | |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €42,285 | €744 | -€41,541 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,679 | €3,228 | -€9,451 | -74.5% |
| Other operating charges | 640/8 | €299 | €173 | -€126 | -42.1% |
| Non-recurring operating charges | 66A | - | €1,541 | +€1,541 | |
| Gross operating margin | 9900 | -€30,076 | -€13,049 | +€17,027 | +56.6% |
| Operating profit (loss) | 9901 | -€43,054 | -€17,991 | +€25,063 | +58.2% |
| Financial income | 75/76B | €566,823 | €15,558 | -€551,265 | -97.3% |
| Recurring financial income | 75 | €1,093 | €8,146 | +€7,053 | +645% |
| Non-recurring financial income | 76B | €565,730 | €7,412 | -€558,318 | -98.7% |
| Financial charges | 65/66B | €1,938 | €500 | -€1,438 | -74.2% |
| Recurring financial charges | 65 | €1,938 | €500 | -€1,438 | -74.2% |
| Profit (loss) for the period before taxes | 9903 | €521,831 | -€2,933 | -€524,764 | |
| Income taxes | 67/77 | €3,928 | €261 | -€3,667 | -93.4% |
| Profit (loss) for the period | 9904 | €517,903 | -€3,194 | -€521,097 | |
| Profit (loss) for the period to be appropriated | 9905 | €517,903 | -€3,194 | -€521,097 |
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 23 October 2026 via checked.be.