PV TRANS: 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 TRANS
Largest movements
- Tangible fixed assets -€6,168
down €6,168 (-38.1%), from €16,168 to €10,000
- Receivables within one year -€5,328
down €5,328 (-5.9%), from €90,459 to €85,132
of which Other amounts receivable: -€13,374
- Cash -€2,220
down €2,220 (-96.5%), from €2,300 to €80
mainly Debts after one year (-€12,106) and Tax, wage and social debts (-€3,820)
- Debts after one year -€12,106
down €12,106 (-58.9%), from €20,567 to €8,461
- Profit (loss) carried forward +€10,307
up €10,307 (+66.5%), from €15,501 to €25,807
- Tax, wage and social debts -€3,820
down €3,820 (-36.1%), from €10,592 to €6,772
of which Remuneration and social security: -€2,540
- Trade debts -€3,585
down €3,585 (-9.6%), from €37,275 to €33,690
- Accrued charges and deferred income -€2,395
no longer reported in 2025 (was €2,395)
- Purchases and services -€148,639
no longer reported in 2025 (was €148,639)
- Turnover -€138,715
no longer reported in 2025 (was €138,715)
- Depreciation -€10,483
down €10,483 (-63.0%), from €16,651 to €6,168
- Gross operating margin +€9,507
up €9,507 (+43.0%), from €22,118 to €31,625
- Taxes -€4,267
down €4,267 (-97.0%), from €4,398 to €132
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.
Cash bridge derived
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 | €109,456 | €96,373 | -€13,083 | -12.0% |
| Fixed assets | 21/28 | €16,168 | €10,000 | -€6,168 | -38.1% |
| Tangible fixed assets | 22/27 | €16,168 | €10,000 | -€6,168 | -38.1% |
| Furniture and vehicles | 24 | €16,168 | €10,000 | -€6,168 | -38.1% |
| Current assets | 29/58 | €93,288 | €86,373 | -€6,915 | -7.4% |
| Amounts receivable within one year | 40/41 | €90,459 | €85,132 | -€5,328 | -5.9% |
| Trade receivables | 40 | €51,335 | €59,382 | +€8,047 | +15.7% |
| Other amounts receivable | 41 | €39,124 | €25,749 | -€13,374 | -34.2% |
| Cash at bank and in hand | 54/58 | €2,300 | €80 | -€2,220 | -96.5% |
| Deferred charges and accrued income | 490/1 | €529 | €1,162 | +€633 | +119.7% |
| Total equity and liabilities | 10/49 | €109,456 | €96,373 | -€13,083 | -12.0% |
| Equity | 10/15 | €24,099 | €34,406 | +€10,307 | +42.8% |
| Contributions | 10/11 | €7,400 | €7,400 | = | 0.0% |
| Capital | 10 | €7,400 | €7,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €1,198 | €1,198 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,198 | €1,198 | = | 0.0% |
| Legal reserve | 130 | €1,198 | €1,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,501 | €25,807 | +€10,307 | +66.5% |
| Amounts payable | 17/49 | €85,357 | €61,967 | -€23,390 | -27.4% |
| Amounts payable after more than one year | 17 | €20,567 | €8,461 | -€12,106 | -58.9% |
| Financial debts | 170/4 | €20,567 | €8,461 | -€12,106 | -58.9% |
| Amounts payable within one year | 42/48 | €62,395 | €53,507 | -€8,889 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €10,510 | €11,026 | +€516 | +4.9% |
| Financial debts | 43 | €2,019 | €2,019 | = | 0.0% |
| Credit institutions | 430/8 | €2,019 | €2,019 | = | 0.0% |
| Trade debts | 44 | €37,275 | €33,690 | -€3,585 | -9.6% |
| Suppliers | 440/4 | €37,275 | €33,690 | -€3,585 | -9.6% |
| Taxes, remuneration and social security | 45 | €10,592 | €6,772 | -€3,820 | -36.1% |
| Taxes | 450/3 | €8,052 | €6,772 | -€1,280 | -15.9% |
| Remuneration and social security | 454/9 | €2,540 | - | -€2,540 | |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Accrued charges and deferred income | 492/3 | €2,395 | - | -€2,395 | |
| Turnover | 70 | €138,715 | - | -€138,715 | |
| Goods, raw materials, services and sundry goods | 60/61 | €148,639 | - | -€148,639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,651 | €6,168 | -€10,483 | -63.0% |
| Other operating charges | 640/8 | €12,280 | €12,723 | +€443 | +3.6% |
| Gross operating margin | 9900 | €22,118 | €31,625 | +€9,507 | +43.0% |
| Operating profit (loss) | 9901 | -€6,813 | €12,735 | +€19,547 | |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €4,980 | €2,296 | -€2,684 | -53.9% |
| Recurring financial charges | 65 | €4,980 | €2,296 | -€2,684 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,788 | €10,438 | +€22,226 | |
| Income taxes | 67/77 | €4,398 | €132 | -€4,267 | -97.0% |
| Profit (loss) for the period | 9904 | -€16,186 | €10,307 | +€26,493 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,186 | €10,307 | +€26,493 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.