PV CONSTRUCT: 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 CONSTRUCT
Largest movements
- Tangible fixed assets -€8,748
down €8,748 (-26.5%), from €33,033 to €24,285
of which Furniture and vehicles: -€11,829
- Receivables within one year +€4,863
up €4,863 (+19.1%), from €25,483 to €30,346
of which Other amounts receivable: +€2,723
- Deferred charges and accrued income -€2,932
down €2,932 (-73.6%), from €3,984 to €1,052
- Debts after one year -€9,121
down €9,121 (-68.5%), from €13,322 to €4,201
- Trade debts +€5,628
up €5,628 (+25.3%), from €22,244 to €27,872
- Short-term financial debts -€2,232
no longer reported in 2024 (was €2,232)
- Tax, wage and social debts -€1,297
down €1,297 (-26.4%), from €4,917 to €3,620
of which Taxes: -€1,397
- Reserves +€1,000
up €1,000 (+19.6%), from €5,103 to €6,103
of which Distributable reserves: +€1,000
- Gross operating margin -€3,843
down €3,843 (-16.9%), from €22,716 to €18,872
- Taxes +€1,316
up €1,316, from -€1,016 to €300
- Depreciation +€894
up €894 (+6.3%), from €14,198 to €15,092
- Financial income -€519
down €519 (-100.0%), from €519 to €0
- Staff costs -€466
no longer reported in 2024 (was €466)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,709 | €57,119 | -€6,590 | -10.3% |
| Fixed assets | 21/28 | €33,163 | €24,415 | -€8,748 | -26.4% |
| Tangible fixed assets | 22/27 | €33,033 | €24,285 | -€8,748 | -26.5% |
| Land and buildings | 22 | - | €1,302 | +€1,302 | |
| Plant, machinery and equipment | 23 | €6,133 | €7,912 | +€1,779 | +29.0% |
| Furniture and vehicles | 24 | €26,900 | €15,071 | -€11,829 | -44.0% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €30,546 | €32,704 | +€2,158 | +7.1% |
| Stocks and contracts in progress | 3 | €1,080 | €828 | -€252 | -23.3% |
| Stocks | 30/36 | €1,080 | €828 | -€252 | -23.3% |
| Amounts receivable within one year | 40/41 | €25,483 | €30,346 | +€4,863 | +19.1% |
| Trade receivables | 40 | €13,069 | €15,209 | +€2,140 | +16.4% |
| Other amounts receivable | 41 | €12,414 | €15,137 | +€2,723 | +21.9% |
| Cash at bank and in hand | 54/58 | - | €479 | +€479 | |
| Deferred charges and accrued income | 490/1 | €3,984 | €1,052 | -€2,932 | -73.6% |
| Total equity and liabilities | 10/49 | €63,709 | €57,119 | -€6,590 | -10.3% |
| Equity | 10/15 | €11,120 | €12,304 | +€1,184 | +10.6% |
| Contributions | 10/11 | €18,400 | €18,400 | = | 0.0% |
| Reserves | 13 | €5,103 | €6,103 | +€1,000 | +19.6% |
| Non-distributable reserves | 130/1 | €103 | €103 | = | 0.0% |
| Reserves not available under the articles | 1311 | €103 | €103 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €6,000 | +€1,000 | +20.0% |
| Profit (loss) carried forward | 14 | -€12,382 | -€12,198 | +€184 | +1.5% |
| Amounts payable | 17/49 | €52,589 | €44,815 | -€7,774 | -14.8% |
| Amounts payable after more than one year | 17 | €13,322 | €4,201 | -€9,121 | -68.5% |
| Financial debts | 170/4 | €13,322 | €4,201 | -€9,121 | -68.5% |
| Amounts payable within one year | 42/48 | €39,267 | €40,614 | +€1,347 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €9,874 | €9,122 | -€752 | -7.6% |
| Financial debts | 43 | €2,232 | - | -€2,232 | |
| Credit institutions | 430/8 | €2,232 | - | -€2,232 | |
| Trade debts | 44 | €22,244 | €27,872 | +€5,628 | +25.3% |
| Suppliers | 440/4 | €22,244 | €27,872 | +€5,628 | +25.3% |
| Taxes, remuneration and social security | 45 | €4,917 | €3,620 | -€1,297 | -26.4% |
| Taxes | 450/3 | €4,200 | €2,803 | -€1,397 | -33.3% |
| Remuneration and social security | 454/9 | €717 | €817 | +€100 | +13.9% |
| Remuneration, social security and pensions | 62 | €466 | - | -€466 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,198 | €15,092 | +€894 | +6.3% |
| Other operating charges | 640/8 | €1,184 | €1,505 | +€321 | +27.2% |
| Gross operating margin | 9900 | €22,716 | €18,872 | -€3,843 | -16.9% |
| Operating profit (loss) | 9901 | €6,868 | €2,275 | -€4,593 | -66.9% |
| Financial income | 75/76B | €519 | €0 | -€519 | -100.0% |
| Recurring financial income | 75 | €519 | €0 | -€519 | -100.0% |
| Financial charges | 65/66B | €913 | €790 | -€122 | -13.4% |
| Recurring financial charges | 65 | €913 | €790 | -€122 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €6,474 | €1,484 | -€4,990 | -77.1% |
| Income taxes | 67/77 | -€1,016 | €300 | +€1,316 | |
| Profit (loss) for the period | 9904 | €7,491 | €1,184 | -€6,307 | -84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,491 | €1,184 | -€6,307 | -84.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.