PS-CvdH: 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.
PS-CvdH
Largest movements
- Receivables after one year -€53,854
no longer reported in 2025 (was €53,854)
- Receivables within one year -€41,032
down €41,032 (-24.4%), from €168,008 to €126,976
of which Other amounts receivable: -€50,729
- Cash -€23,185
down €23,185 (-82.2%), from €28,223 to €5,038
mainly Other debts (-€99,106) and Net result for the year (-€28,949)
- Deferred charges and accrued income -€2,772
down €2,772 (-46.0%), from €6,022 to €3,250
- Other debts -€99,106
no longer reported in 2025 (was €99,106)
- Profit (loss) carried forward -€28,949
new in 2025: -€28,949
- Tax, wage and social debts +€5,536
up €5,536 (+137%), from €4,043 to €9,580
- Financial income -€10,276
down €10,276 (-52.9%), from €19,427 to €9,151
- Gross operating margin -€9,736
down €9,736 (-56.4%), from -€17,270 to -€27,005
- Other operating charges +€2,133
up €2,133 (+231%), from €925 to €3,057
- Depreciation +€2,034
up €2,034 (+188%), from €1,083 to €3,117
- Taxes +€1,076
up €1,076 (+92.8%), from €1,160 to €2,236
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 | €268,942 | €145,898 | -€123,044 | -45.8% |
| Fixed assets | 21/28 | €12,835 | €10,634 | -€2,200 | -17.1% |
| Tangible fixed assets | 22/27 | €12,830 | €10,629 | -€2,200 | -17.1% |
| Plant, machinery and equipment | 23 | €6,027 | €4,757 | -€1,270 | -21.1% |
| Furniture and vehicles | 24 | €6,803 | €5,872 | -€930 | -13.7% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €256,107 | €135,264 | -€120,843 | -47.2% |
| Amounts receivable after more than one year | 29 | €53,854 | - | -€53,854 | |
| Other amounts receivable | 291 | €53,854 | - | -€53,854 | |
| Amounts receivable within one year | 40/41 | €168,008 | €126,976 | -€41,032 | -24.4% |
| Trade receivables | 40 | €3,371 | €13,068 | +€9,696 | +288% |
| Other amounts receivable | 41 | €164,637 | €113,908 | -€50,729 | -30.8% |
| Cash at bank and in hand | 54/58 | €28,223 | €5,038 | -€23,185 | -82.2% |
| Deferred charges and accrued income | 490/1 | €6,022 | €3,250 | -€2,772 | -46.0% |
| Total equity and liabilities | 10/49 | €268,942 | €145,898 | -€123,044 | -45.8% |
| Equity | 10/15 | €162,355 | €133,406 | -€28,949 | -17.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €156,155 | €156,155 | = | 0.0% |
| Distributable reserves | 133 | €156,155 | €156,155 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€28,949 | -€28,949 | |
| Amounts payable | 17/49 | €106,587 | €12,492 | -€94,095 | -88.3% |
| Amounts payable within one year | 42/48 | €106,587 | €12,492 | -€94,095 | -88.3% |
| Trade debts | 44 | €3,437 | €2,912 | -€524 | -15.3% |
| Suppliers | 440/4 | €3,437 | €2,912 | -€524 | -15.3% |
| Taxes, remuneration and social security | 45 | €4,043 | €9,580 | +€5,536 | +137% |
| Taxes | 450/3 | €4,043 | €9,580 | +€5,536 | +137% |
| Other amounts payable | 47/48 | €99,106 | - | -€99,106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,083 | €3,117 | +€2,034 | +188% |
| Other operating charges | 640/8 | €925 | €3,057 | +€2,133 | +231% |
| Gross operating margin | 9900 | -€17,270 | -€27,005 | -€9,736 | -56.4% |
| Operating profit (loss) | 9901 | -€19,277 | -€33,180 | -€13,903 | -72.1% |
| Financial income | 75/76B | €19,427 | €9,151 | -€10,276 | -52.9% |
| Recurring financial income | 75 | €19,427 | €9,151 | -€10,276 | -52.9% |
| Financial charges | 65/66B | €1,744 | €2,684 | +€940 | +53.9% |
| Recurring financial charges | 65 | €1,744 | €2,684 | +€940 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,594 | -€26,713 | -€25,119 | -1,576% |
| Income taxes | 67/77 | €1,160 | €2,236 | +€1,076 | +92.8% |
| Profit (loss) for the period | 9904 | -€2,754 | -€28,949 | -€26,196 | -951% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,754 | -€28,949 | -€26,196 | -951% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.