PRV: 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.
PRV
Largest movements
- Tangible fixed assets -€806,713
down €806,713 (-45.9%), from €1.8m to €949,487
of which Land and buildings: -€680,637
- Cash -€373,556
down €373,556 (-47.7%), from €783,731 to €410,175
mainly Contributions, distributions and other (-€680,637) and Other debts (-€587,571)
- Stocks and contracts -€67,214
down €67,214 (-29.1%), from €231,254 to €164,040
- Reserves -€615,336
down €615,336 (-22.0%), from €2.8m to €2.2m
- Other debts -€587,571
down €587,571 (-99.6%), from €590,182 to €2,611
- Contributions -€55,848
down €55,848 (-22.3%), from €250,000 to €194,152
- Gross operating margin -€559,445
down €559,445 (-57.8%), from €967,240 to €407,795
- Taxes -€143,896
down €143,896 (-97.6%), from €147,365 to €3,469
- Financial income -€11,550
down €11,550 (-100.0%), from €11,553 to €3
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 | €3,999,399 | €2,706,732 | -€1.3m | -32.3% |
| Fixed assets | 21/28 | €1,756,200 | €949,487 | -€806,713 | -45.9% |
| Tangible fixed assets | 22/27 | €1,756,200 | €949,487 | -€806,713 | -45.9% |
| Land and buildings | 22 | €680,637 | €0 | -€680,637 | -100% |
| Plant, machinery and equipment | 23 | €1,061,097 | €941,208 | -€119,889 | -11.3% |
| Furniture and vehicles | 24 | €14,466 | €8,279 | -€6,187 | -42.8% |
| Current assets | 29/58 | €2,243,199 | €1,757,245 | -€485,954 | -21.7% |
| Stocks and contracts in progress | 3 | €231,254 | €164,040 | -€67,214 | -29.1% |
| Stocks | 30/36 | €231,254 | €164,040 | -€67,214 | -29.1% |
| Amounts receivable within one year | 40/41 | €1,191,848 | €1,174,364 | -€17,484 | -1.5% |
| Trade receivables | 40 | €1,135,559 | €913,215 | -€222,344 | -19.6% |
| Other amounts receivable | 41 | €56,290 | €261,149 | +€204,859 | +364% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €783,731 | €410,175 | -€373,556 | -47.7% |
| Deferred charges and accrued income | 490/1 | €36,366 | €8,666 | -€27,700 | -76.2% |
| Total equity and liabilities | 10/49 | €3,999,399 | €2,706,732 | -€1.3m | -32.3% |
| Equity | 10/15 | €3,046,810 | €2,375,626 | -€671,184 | -22.0% |
| Contributions | 10/11 | €250,000 | €194,152 | -€55,848 | -22.3% |
| Reserves | 13 | €2,796,810 | €2,181,474 | -€615,336 | -22.0% |
| Distributable reserves | 133 | €2,796,810 | €2,181,474 | -€615,336 | -22.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €952,589 | €331,106 | -€621,483 | -65.2% |
| Amounts payable within one year | 42/48 | €905,359 | €276,024 | -€629,335 | -69.5% |
| Current portion of amounts payable after more than one year | 42 | €42,940 | €10,831 | -€32,109 | -74.8% |
| Trade debts | 44 | €231,813 | €236,717 | +€4,904 | +2.1% |
| Suppliers | 440/4 | €231,813 | €236,717 | +€4,904 | +2.1% |
| Taxes, remuneration and social security | 45 | €40,423 | €25,865 | -€14,558 | -36.0% |
| Taxes | 450/3 | €16,891 | €0 | -€16,891 | -100% |
| Remuneration and social security | 454/9 | €23,533 | €25,865 | +€2,332 | +9.9% |
| Other amounts payable | 47/48 | €590,182 | €2,611 | -€587,571 | -99.6% |
| Accrued charges and deferred income | 492/3 | €47,230 | €55,083 | +€7,853 | +16.6% |
| Non-recurring operating income | 76A | - | €13,429 | +€13,429 | |
| Remuneration, social security and pensions | 62 | €217,247 | €217,649 | +€402 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,957 | €163,991 | +€34 | 0.0% |
| Other operating charges | 640/8 | €12,610 | €13,139 | +€529 | +4.2% |
| Gross operating margin | 9900 | €967,240 | €407,795 | -€559,445 | -57.8% |
| Operating profit (loss) | 9901 | €573,426 | €13,016 | -€560,410 | -97.7% |
| Financial income | 75/76B | €11,553 | €3 | -€11,550 | -100.0% |
| Recurring financial income | 75 | €11,553 | €3 | -€11,550 | -100.0% |
| Financial charges | 65/66B | €86 | €97 | +€11 | +12.3% |
| Recurring financial charges | 65 | €86 | €97 | +€11 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €584,893 | €12,922 | -€571,971 | -97.8% |
| Income taxes | 67/77 | €147,365 | €3,469 | -€143,896 | -97.6% |
| Profit (loss) for the period | 9904 | €437,528 | €9,453 | -€428,075 | -97.8% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €437,528 | €9,453 | -€428,075 | -97.8% |
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 30 October 2026 via checked.be.