PDVA: what changed
Two fiscal 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.
PDVA
Largest movements
- Receivables within one year -€3,972
down €3,972 (-9.8%), from €40,737 to €36,765
of which Trade receivables: -€2,990
- Debts after one year -€8,467
down €8,467 (-8.5%), from €100,015 to €91,548
- Profit (loss) carried forward -€7,604
new in 2026: -€7,604
- Other debts +€7,351
up €7,351 (+7.0%), from €104,803 to €112,154
- Gross operating margin -€19,637
down €19,637 (-93.7%), from €20,948 to €1,311
- Taxes +€1,970
new in 2026: €1,970
- Financial charges +€562
up €562 (+19.4%), from €2,895 to €3,457
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.
Cash bridge derived
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 | €244,412 | €236,083 | -€8,329 | -3.4% |
| Fixed assets | 21/28 | €200,417 | €198,209 | -€2,208 | -1.1% |
| Tangible fixed assets | 22/27 | €200,417 | €198,209 | -€2,208 | -1.1% |
| Land and buildings | 22 | €196,000 | €196,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,037 | €2,019 | -€2,018 | -50.0% |
| Furniture and vehicles | 24 | €380 | €190 | -€190 | -50.0% |
| Current assets | 29/58 | €43,995 | €37,874 | -€6,121 | -13.9% |
| Amounts receivable within one year | 40/41 | €40,737 | €36,765 | -€3,972 | -9.8% |
| Trade receivables | 40 | €7,822 | €4,832 | -€2,990 | -38.2% |
| Other amounts receivable | 41 | €32,915 | €31,933 | -€982 | -3.0% |
| Cash at bank and in hand | 54/58 | €3,258 | €1,109 | -€2,149 | -66.0% |
| Total equity and liabilities | 10/49 | €244,412 | €236,083 | -€8,329 | -3.4% |
| Equity | 10/15 | €29,621 | €22,017 | -€7,604 | -25.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €25,621 | €25,621 | = | 0.0% |
| Distributable reserves | 133 | €25,621 | €25,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,604 | -€7,604 | |
| Amounts payable | 17/49 | €214,791 | €214,066 | -€725 | -0.3% |
| Amounts payable after more than one year | 17 | €100,015 | €91,548 | -€8,467 | -8.5% |
| Financial debts | 170/4 | €100,015 | €91,548 | -€8,467 | -8.5% |
| Amounts payable within one year | 42/48 | €114,776 | €122,518 | +€7,742 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €8,467 | €8,467 | = | 0.0% |
| Trade debts | 44 | €1,506 | €1,878 | +€372 | +24.7% |
| Suppliers | 440/4 | €1,506 | €1,878 | +€372 | +24.7% |
| Taxes, remuneration and social security | 45 | - | €19 | +€19 | |
| Taxes | 450/3 | - | €19 | +€19 | |
| Other amounts payable | 47/48 | €104,803 | €112,154 | +€7,351 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,209 | €2,209 | = | 0.0% |
| Other operating charges | 640/8 | €1,169 | €1,279 | +€110 | +9.4% |
| Gross operating margin | 9900 | €20,948 | €1,311 | -€19,637 | -93.7% |
| Operating profit (loss) | 9901 | €17,570 | -€2,177 | -€19,747 | |
| Financial charges | 65/66B | €2,895 | €3,457 | +€562 | +19.4% |
| Recurring financial charges | 65 | €2,895 | €3,457 | +€562 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €14,675 | -€5,634 | -€20,309 | |
| Income taxes | 67/77 | - | €1,970 | +€1,970 | |
| Profit (loss) for the period | 9904 | €14,675 | -€7,604 | -€22,279 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,675 | -€7,604 | -€22,279 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.