PV-BOUW: 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.
PV-BOUW
Largest movements
- Receivables within one year -€14,014
down €14,014 (-44.7%), from €31,336 to €17,321
of which Other amounts receivable: -€10,875
- Tangible fixed assets -€12,713
down €12,713 (-3.9%), from €323,667 to €310,954
of which Land and buildings: -€8,493
- Trade debts -€32,272
down €32,272 (-59.0%), from €54,658 to €22,386
- Reserves +€14,718
up €14,718 (+21.6%), from €68,019 to €82,737
- Debts after one year -€11,713
down €11,713 (-5.7%), from €204,722 to €193,009
- Gross operating margin +€24,047
up €24,047 (+96.7%), from €24,876 to €48,923
- Taxes +€5,981
up €5,981 (+2,920%), from €205 to €6,186
- Depreciation +€1,788
up €1,788 (+15.4%), from €11,592 to €13,380
- Other operating charges +€1,323
up €1,323 (+111%), from €1,189 to €2,512
- Financial charges +€788
up €788 (+6.9%), from €11,374 to €12,162
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 | €400,782 | €374,789 | -€25,994 | -6.5% |
| Fixed assets | 21/28 | €323,667 | €313,204 | -€10,463 | -3.2% |
| Tangible fixed assets | 22/27 | €323,667 | €310,954 | -€12,713 | -3.9% |
| Land and buildings | 22 | €307,578 | €299,085 | -€8,493 | -2.8% |
| Plant, machinery and equipment | 23 | €12,165 | €8,691 | -€3,474 | -28.6% |
| Furniture and vehicles | 24 | €3,924 | €3,177 | -€747 | -19.0% |
| Financial fixed assets | 28 | - | €2,250 | +€2,250 | |
| Current assets | 29/58 | €77,116 | €61,585 | -€15,531 | -20.1% |
| Stocks and contracts in progress | 3 | €9,909 | €9,085 | -€824 | -8.3% |
| Stocks | 30/36 | €9,909 | €9,085 | -€824 | -8.3% |
| Amounts receivable within one year | 40/41 | €31,336 | €17,321 | -€14,014 | -44.7% |
| Trade receivables | 40 | €17,115 | €13,976 | -€3,139 | -18.3% |
| Other amounts receivable | 41 | €14,221 | €3,346 | -€10,875 | -76.5% |
| Cash at bank and in hand | 54/58 | €35,872 | €35,179 | -€693 | -1.9% |
| Total equity and liabilities | 10/49 | €400,782 | €374,789 | -€25,994 | -6.5% |
| Equity | 10/15 | €73,544 | €88,262 | +€14,718 | +20.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €68,019 | €82,737 | +€14,718 | +21.6% |
| Distributable reserves | 133 | €68,019 | €82,737 | +€14,718 | +21.6% |
| Profit (loss) carried forward | 14 | €525 | €525 | = | 0.0% |
| Amounts payable | 17/49 | €327,238 | €286,526 | -€40,712 | -12.4% |
| Amounts payable after more than one year | 17 | €204,722 | €193,009 | -€11,713 | -5.7% |
| Financial debts | 170/4 | €204,722 | €193,009 | -€11,713 | -5.7% |
| Amounts payable within one year | 42/48 | €122,517 | €93,517 | -€28,999 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €13,356 | €15,013 | +€1,658 | +12.4% |
| Trade debts | 44 | €54,658 | €22,386 | -€32,272 | -59.0% |
| Suppliers | 440/4 | €54,658 | €22,386 | -€32,272 | -59.0% |
| Other amounts payable | 47/48 | €54,503 | €56,118 | +€1,615 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,592 | €13,380 | +€1,788 | +15.4% |
| Other operating charges | 640/8 | €1,189 | €2,512 | +€1,323 | +111% |
| Gross operating margin | 9900 | €24,876 | €48,923 | +€24,047 | +96.7% |
| Operating profit (loss) | 9901 | €12,095 | €33,031 | +€20,936 | +173% |
| Financial income | 75/76B | €9 | €36 | +€27 | +306% |
| Recurring financial income | 75 | €9 | €36 | +€27 | +306% |
| Financial charges | 65/66B | €11,374 | €12,162 | +€788 | +6.9% |
| Recurring financial charges | 65 | €11,374 | €12,162 | +€788 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €730 | €20,904 | +€20,174 | +2,764% |
| Income taxes | 67/77 | €205 | €6,186 | +€5,981 | +2,920% |
| Profit (loss) for the period | 9904 | €525 | €14,718 | +€14,193 | +2,703% |
| Profit (loss) for the period to be appropriated | 9905 | €525 | €14,718 | +€14,193 | +2,703% |
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 14 October 2026 via checked.be.