P.V.V.D.: 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.V.D.
Largest movements
- Tangible fixed assets +€50,829
up €50,829 (+50.8%), from €99,982 to €150,811
- Cash -€7,001
down €7,001 (-9.4%), from €74,839 to €67,838
mainly Investment in fixed assets (net) (-€72,730) and Trade debts (-€9,811)
- Other debts +€31,425
up €31,425, from €0 to €31,425
- Profit (loss) carried forward +€16,133
up €16,133 (+30.8%), from €52,363 to €68,495
- Trade debts -€9,811
down €9,811 (-97.9%), from €10,017 to €206
- Tax, wage and social debts +€6,830
up €6,830 (+264%), from €2,587 to €9,416
- Other operating charges -€24,916
down €24,916 (-85.2%), from €29,248 to €4,332
- Depreciation +€21,902
new in 2025: €21,902
- Gross operating margin +€12,109
up €12,109 (+32.6%), from €37,160 to €49,269
- Taxes +€4,016
up €4,016 (+143%), from €2,814 to €6,830
- Financial income -€1,699
down €1,699 (-100%), from €1,699 to €0
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 | €174,821 | €219,397 | +€44,576 | +25.5% |
| Fixed assets | 21/28 | €99,982 | €150,811 | +€50,829 | +50.8% |
| Tangible fixed assets | 22/27 | €99,982 | €150,811 | +€50,829 | +50.8% |
| Land and buildings | 22 | €99,982 | €150,811 | +€50,829 | +50.8% |
| Current assets | 29/58 | €74,839 | €68,587 | -€6,252 | -8.4% |
| Amounts receivable within one year | 40/41 | €0 | €749 | +€749 | |
| Trade receivables | 40 | €0 | €749 | +€749 | |
| Cash at bank and in hand | 54/58 | €74,839 | €67,838 | -€7,001 | -9.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €174,821 | €219,397 | +€44,576 | +25.5% |
| Equity | 10/15 | €152,218 | €168,351 | +€16,133 | +10.6% |
| Contributions | 10/11 | €6,800 | €6,800 | = | 0.0% |
| Reserves | 13 | €93,056 | €93,056 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €93,056 | €93,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,363 | €68,495 | +€16,133 | +30.8% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €12,603 | €41,046 | +€28,443 | +226% |
| Amounts payable within one year | 42/48 | €12,603 | €41,046 | +€28,443 | +226% |
| Trade debts | 44 | €10,017 | €206 | -€9,811 | -97.9% |
| Suppliers | 440/4 | €10,017 | €206 | -€9,811 | -97.9% |
| Taxes, remuneration and social security | 45 | €2,587 | €9,416 | +€6,830 | +264% |
| Taxes | 450/3 | €2,587 | €9,416 | +€6,830 | +264% |
| Other amounts payable | 47/48 | €0 | €31,425 | +€31,425 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €4,173 | +€4,173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €21,902 | +€21,902 | |
| Other operating charges | 640/8 | €29,248 | €4,332 | -€24,916 | -85.2% |
| Gross operating margin | 9900 | €37,160 | €49,269 | +€12,109 | +32.6% |
| Operating profit (loss) | 9901 | €7,912 | €23,035 | +€15,123 | +191% |
| Financial income | 75/76B | €1,699 | €0 | -€1,699 | -100% |
| Recurring financial income | 75 | €1,699 | €0 | -€1,699 | -100% |
| Financial charges | 65/66B | €119 | €73 | -€47 | -39.1% |
| Recurring financial charges | 65 | €119 | €73 | -€47 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €9,492 | €22,962 | +€13,471 | +142% |
| Income taxes | 67/77 | €2,814 | €6,830 | +€4,016 | +143% |
| Profit (loss) for the period | 9904 | €6,678 | €16,133 | +€9,454 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €6,678 | €16,133 | +€9,454 | +142% |
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 13 October 2026 via checked.be.