PV CONSTRUCTION: 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 CONSTRUCTION
Largest movements
- Receivables within one year +€13,183
up €13,183 (+7.5%), from €176,499 to €189,682
of which Other amounts receivable: +€30,919
- Cash +€4,703
up €4,703 (+28.2%), from €16,669 to €21,372
mainly Net result for the year (+€60,865) and Tax, wage and social debts (+€32,780)
- Tangible fixed assets -€3,314
down €3,314 (-13.9%), from €23,807 to €20,493
of which Furniture and vehicles: -€8,737
- Trade debts -€79,646
down €79,646 (-45.6%), from €174,516 to €94,870
of which Bills of exchange payable: -€129,348
- Profit (loss) carried forward +€60,865
up €60,865 (+218%), from €27,924 to €88,789
- Tax, wage and social debts +€32,780
up €32,780 (+272%), from €12,036 to €44,816
of which Taxes: +€36,830
- Turnover -€856,117
no longer reported in 2025 (was €856,117)
- Purchases and services -€827,410
no longer reported in 2025 (was €827,410)
- Gross operating margin +€74,817
up €74,817 (+261%), from €28,707 to €103,524
- Taxes +€15,215
up €15,215 (+249%), from €6,106 to €21,321
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 | €216,975 | €231,547 | +€14,572 | +6.7% |
| Fixed assets | 21/28 | €23,807 | €20,493 | -€3,314 | -13.9% |
| Tangible fixed assets | 22/27 | €23,807 | €20,493 | -€3,314 | -13.9% |
| Plant, machinery and equipment | 23 | - | €5,423 | +€5,423 | |
| Furniture and vehicles | 24 | €23,807 | €15,070 | -€8,737 | -36.7% |
| Current assets | 29/58 | €193,168 | €211,054 | +€17,886 | +9.3% |
| Amounts receivable within one year | 40/41 | €176,499 | €189,682 | +€13,183 | +7.5% |
| Trade receivables | 40 | €147,285 | €129,550 | -€17,735 | -12.0% |
| Other amounts receivable | 41 | €29,213 | €60,132 | +€30,919 | +106% |
| Cash at bank and in hand | 54/58 | €16,669 | €21,372 | +€4,703 | +28.2% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €216,975 | €231,547 | +€14,572 | +6.7% |
| Equity | 10/15 | €30,424 | €91,289 | +€60,865 | +200% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | - | €2,500 | +€2,500 | |
| Other | 1109/19 | - | €2,500 | +€2,500 | |
| Profit (loss) carried forward | 14 | €27,924 | €88,789 | +€60,865 | +218% |
| Amounts payable | 17/49 | €186,551 | €140,259 | -€46,292 | -24.8% |
| Amounts payable within one year | 42/48 | €186,551 | €140,212 | -€46,339 | -24.8% |
| Trade debts | 44 | €174,516 | €94,870 | -€79,646 | -45.6% |
| Suppliers | 440/4 | €45,168 | €94,870 | +€49,702 | +110% |
| Bills of exchange payable | 441 | €129,348 | - | -€129,348 | |
| Taxes, remuneration and social security | 45 | €12,036 | €44,816 | +€32,780 | +272% |
| Taxes | 450/3 | €7,986 | €44,816 | +€36,830 | +461% |
| Remuneration and social security | 454/9 | €4,050 | - | -€4,050 | |
| Other amounts payable | 47/48 | - | €525 | +€525 | |
| Accrued charges and deferred income | 492/3 | - | €47 | +€47 | |
| Turnover | 70 | €856,117 | - | -€856,117 | |
| Goods, raw materials, services and sundry goods | 60/61 | €827,410 | - | -€827,410 | |
| Remuneration, social security and pensions | 62 | - | €4,722 | +€4,722 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,515 | €7,269 | +€754 | +11.6% |
| Other operating charges | 640/8 | €4,459 | €3,225 | -€1,234 | -27.7% |
| Gross operating margin | 9900 | €28,707 | €103,524 | +€74,817 | +261% |
| Operating profit (loss) | 9901 | €17,733 | €88,308 | +€70,575 | +398% |
| Financial income | 75/76B | €1,505 | - | -€1,505 | |
| Recurring financial income | 75 | €1,505 | - | -€1,505 | |
| Financial charges | 65/66B | €5,005 | €6,122 | +€1,117 | +22.3% |
| Recurring financial charges | 65 | €5,005 | €6,122 | +€1,117 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €14,233 | €82,186 | +€67,953 | +477% |
| Income taxes | 67/77 | €6,106 | €21,321 | +€15,215 | +249% |
| Profit (loss) for the period | 9904 | €8,127 | €60,865 | +€52,738 | +649% |
| Profit (loss) for the period to be appropriated | 9905 | €8,127 | €60,865 | +€52,738 | +649% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.