PV SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Tangible fixed assets -€2,801
no longer reported in 2024 (was €2,801)
of which Furniture and vehicles: -€2,755
- Receivables within one year -€2,580
down €2,580 (-4.2%), from €61,392 to €58,812
of which Trade receivables: -€15,061
- Cash -€781
down €781 (-27.8%), from €2,806 to €2,025
mainly Trade debts (-€9,056) and Current portion of long-term debt (-€4,052)
- Profit (loss) carried forward +€10,505
up €10,505 (+29.7%), from €35,404 to €45,909
- Trade debts -€9,056
down €9,056 (-48.2%), from €18,776 to €9,720
- Current portion of long-term debt -€4,052
down €4,052 (-66.3%), from €6,112 to €2,060
- Debts after one year -€2,060
no longer reported in 2024 (was €2,060)
- Tax, wage and social debts -€1,500
down €1,500 (-33.0%), from €4,547 to €3,047
- Gross operating margin -€13,571
down €13,571 (-43.2%), from €31,410 to €17,838
- Other operating charges -€9,611
down €9,611 (-81.0%), from €11,863 to €2,252
- Taxes -€4,547
down €4,547 (-64.5%), from €7,047 to €2,500
- Depreciation -€784
down €784 (-21.9%), from €3,585 to €2,801
- Financial income +€466
up €466 (+410.1%), from €114 to €580
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.
Cash bridge derived
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 | €66,999 | €60,837 | -€6,163 | -9.2% |
| Fixed assets | 21/28 | €2,801 | - | -€2,801 | |
| Tangible fixed assets | 22/27 | €2,801 | - | -€2,801 | |
| Plant, machinery and equipment | 23 | €47 | - | -€47 | |
| Furniture and vehicles | 24 | €2,755 | - | -€2,755 | |
| Current assets | 29/58 | €64,198 | €60,837 | -€3,361 | -5.2% |
| Amounts receivable within one year | 40/41 | €61,392 | €58,812 | -€2,580 | -4.2% |
| Trade receivables | 40 | €51,055 | €35,994 | -€15,061 | -29.5% |
| Other amounts receivable | 41 | €10,337 | €22,818 | +€12,481 | +120.7% |
| Cash at bank and in hand | 54/58 | €2,806 | €2,025 | -€781 | -27.8% |
| Total equity and liabilities | 10/49 | €66,999 | €60,837 | -€6,163 | -9.2% |
| Equity | 10/15 | €35,504 | €46,009 | +€10,505 | +29.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €100 | €100 | = | 0.0% |
| Issued capital | 100 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,404 | €45,909 | +€10,505 | +29.7% |
| Amounts payable | 17/49 | €31,495 | €14,828 | -€16,667 | -52.9% |
| Amounts payable after more than one year | 17 | €2,060 | - | -€2,060 | |
| Financial debts | 170/4 | €2,060 | - | -€2,060 | |
| Amounts payable within one year | 42/48 | €29,435 | €14,828 | -€14,608 | -49.6% |
| Current portion of amounts payable after more than one year | 42 | €6,112 | €2,060 | -€4,052 | -66.3% |
| Trade debts | 44 | €18,776 | €9,720 | -€9,056 | -48.2% |
| Suppliers | 440/4 | €18,776 | €9,720 | -€9,056 | -48.2% |
| Taxes, remuneration and social security | 45 | €4,547 | €3,047 | -€1,500 | -33.0% |
| Taxes | 450/3 | €4,547 | €3,047 | -€1,500 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,585 | €2,801 | -€784 | -21.9% |
| Other operating charges | 640/8 | €11,863 | €2,252 | -€9,611 | -81.0% |
| Gross operating margin | 9900 | €31,410 | €17,838 | -€13,571 | -43.2% |
| Operating profit (loss) | 9901 | €15,961 | €12,785 | -€3,176 | -19.9% |
| Financial income | 75/76B | €114 | €580 | +€466 | +410.1% |
| Recurring financial income | 75 | €114 | €580 | +€466 | +410.1% |
| Financial charges | 65/66B | €539 | €360 | -€179 | -33.3% |
| Recurring financial charges | 65 | €539 | €360 | -€179 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €15,536 | €13,005 | -€2,531 | -16.3% |
| Income taxes | 67/77 | €7,047 | €2,500 | -€4,547 | -64.5% |
| Profit (loss) for the period | 9904 | €8,488 | €10,505 | +€2,017 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,488 | €10,505 | +€2,017 | +23.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.