PJVL: 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.
PJVL
Largest movements
- Tangible fixed assets -€4,500
down €4,500 (-5.6%), from €80,713 to €76,213
- Cash -€4,480
down €4,480 (-86.9%), from €5,153 to €673
mainly Net result for the year (-€5,098) and Trade debts (-€3,577)
- Receivables within one year +€2,099
up €2,099 (+2152.8%), from €97 to €2,196
- Deferred charges and accrued income +€2,041
new in 2025: €2,041
- Reserves -€5,098
down €5,098 (-9.0%), from €56,510 to €51,412
- Other debts +€3,877
up €3,877 (+27.7%), from €14,007 to €17,884
- Trade debts -€3,577
down €3,577 (-89.4%), from €4,000 to €423
- Gross operating margin -€14,712
down €14,712, from €14,628 to -€84
- Financial charges -€5,276
down €5,276 (-97.4%), from €5,419 to €143
- Taxes -€1,429
no longer reported in 2025 (was €1,429)
- Other operating charges -€583
down €583 (-61.2%), from €954 to €370
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 | €85,963 | €81,122 | -€4,841 | -5.6% |
| Fixed assets | 21/28 | €80,713 | €76,213 | -€4,500 | -5.6% |
| Tangible fixed assets | 22/27 | €80,713 | €76,213 | -€4,500 | -5.6% |
| Land and buildings | 22 | €80,713 | €76,213 | -€4,500 | -5.6% |
| Current assets | 29/58 | €5,250 | €4,910 | -€341 | -6.5% |
| Amounts receivable within one year | 40/41 | €97 | €2,196 | +€2,099 | +2152.8% |
| Other amounts receivable | 41 | €97 | €2,196 | +€2,099 | +2152.8% |
| Cash at bank and in hand | 54/58 | €5,153 | €673 | -€4,480 | -86.9% |
| Deferred charges and accrued income | 490/1 | - | €2,041 | +€2,041 | |
| Total equity and liabilities | 10/49 | €85,963 | €81,122 | -€4,841 | -5.6% |
| Equity | 10/15 | €66,510 | €61,412 | -€5,098 | -7.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €56,510 | €51,412 | -€5,098 | -9.0% |
| Distributable reserves | 133 | €56,510 | €51,412 | -€5,098 | -9.0% |
| Amounts payable | 17/49 | €19,454 | €19,710 | +€257 | +1.3% |
| Amounts payable within one year | 42/48 | €19,454 | €19,710 | +€257 | +1.3% |
| Trade debts | 44 | €4,000 | €423 | -€3,577 | -89.4% |
| Suppliers | 440/4 | €4,000 | €423 | -€3,577 | -89.4% |
| Taxes, remuneration and social security | 45 | €1,446 | €1,404 | -€43 | -2.9% |
| Taxes | 450/3 | €1,446 | €1,404 | -€43 | -2.9% |
| Other amounts payable | 47/48 | €14,007 | €17,884 | +€3,877 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,500 | €4,500 | = | 0.0% |
| Other operating charges | 640/8 | €954 | €370 | -€583 | -61.2% |
| Gross operating margin | 9900 | €14,628 | -€84 | -€14,712 | |
| Operating profit (loss) | 9901 | €9,174 | -€4,954 | -€14,129 | |
| Financial charges | 65/66B | €5,419 | €143 | -€5,276 | -97.4% |
| Recurring financial charges | 65 | €5,419 | €143 | -€5,276 | -97.4% |
| Profit (loss) for the period before taxes | 9903 | €3,755 | -€5,098 | -€8,852 | |
| Income taxes | 67/77 | €1,429 | - | -€1,429 | |
| Profit (loss) for the period | 9904 | €2,326 | -€5,098 | -€7,424 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,326 | -€5,098 | -€7,424 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.