PIVAPLUS: 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.
PIVAPLUS
Largest movements
- Tangible fixed assets +€38,138
up €38,138 (+121.8%), from €31,322 to €69,459
of which Furniture and vehicles: +€38,526
- Cash +€18,031
up €18,031 (+34.6%), from €52,113 to €70,144
mainly Net result for the year (+€45,440) and Other debts (+€16,195)
- Receivables within one year -€5,653
down €5,653 (-97.1%), from €5,822 to €169
of which Trade receivables: -€5,220
- Reserves +€29,245
up €29,245 (+45.9%), from €63,645 to €92,890
- Other debts +€16,195
new in 2025: €16,195
- Tax, wage and social debts +€5,285
up €5,285 (+48.0%), from €11,011 to €16,296
of which Taxes: +€4,943
- Gross operating margin +€44,687
up €44,687 (+63.5%), from €70,411 to €115,098
- Taxes +€13,380
up €13,380 (+304.2%), from €4,399 to €17,778
- Staff costs +€1,813
up €1,813 (+5.3%), from €34,389 to €36,202
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 | €89,641 | €141,485 | +€51,843 | +57.8% |
| Fixed assets | 21/28 | €31,322 | €69,459 | +€38,138 | +121.8% |
| Tangible fixed assets | 22/27 | €31,322 | €69,459 | +€38,138 | +121.8% |
| Plant, machinery and equipment | 23 | €1,092 | €704 | -€388 | -35.5% |
| Furniture and vehicles | 24 | €30,229 | €68,755 | +€38,526 | +127.4% |
| Current assets | 29/58 | €58,320 | €72,025 | +€13,706 | +23.5% |
| Amounts receivable within one year | 40/41 | €5,822 | €169 | -€5,653 | -97.1% |
| Trade receivables | 40 | €5,220 | - | -€5,220 | |
| Other amounts receivable | 41 | €601 | €169 | -€433 | -71.9% |
| Cash at bank and in hand | 54/58 | €52,113 | €70,144 | +€18,031 | +34.6% |
| Deferred charges and accrued income | 490/1 | €385 | €1,712 | +€1,327 | +344.9% |
| Total equity and liabilities | 10/49 | €89,641 | €141,485 | +€51,843 | +57.8% |
| Equity | 10/15 | €73,645 | €102,890 | +€29,245 | +39.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €63,645 | €92,890 | +€29,245 | +45.9% |
| Distributable reserves | 133 | €63,645 | €92,890 | +€29,245 | +45.9% |
| Amounts payable | 17/49 | €15,996 | €38,595 | +€22,599 | +141.3% |
| Amounts payable within one year | 42/48 | €14,196 | €36,745 | +€22,549 | +158.8% |
| Trade debts | 44 | €3,185 | €4,254 | +€1,069 | +33.6% |
| Suppliers | 440/4 | €3,185 | €4,254 | +€1,069 | +33.6% |
| Taxes, remuneration and social security | 45 | €11,011 | €16,296 | +€5,285 | +48.0% |
| Taxes | 450/3 | €2,563 | €7,505 | +€4,943 | +192.9% |
| Remuneration and social security | 454/9 | €8,449 | €8,791 | +€343 | +4.1% |
| Other amounts payable | 47/48 | - | €16,195 | +€16,195 | |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,850 | +€50 | +2.8% |
| Remuneration, social security and pensions | 62 | €34,389 | €36,202 | +€1,813 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,530 | €14,774 | +€244 | +1.7% |
| Other operating charges | 640/8 | €770 | €789 | +€19 | +2.4% |
| Gross operating margin | 9900 | €70,411 | €115,098 | +€44,687 | +63.5% |
| Operating profit (loss) | 9901 | €20,721 | €63,333 | +€42,612 | +205.6% |
| Financial charges | 65/66B | €128 | €115 | -€13 | -9.9% |
| Recurring financial charges | 65 | €128 | €115 | -€13 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €20,593 | €63,218 | +€42,624 | +207.0% |
| Income taxes | 67/77 | €4,399 | €17,778 | +€13,380 | +304.2% |
| Profit (loss) for the period | 9904 | €16,195 | €45,440 | +€29,245 | +180.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,195 | €45,440 | +€29,245 | +180.6% |
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.