PVA-TASSIN: 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.
PVA-TASSIN
Largest movements
- Cash +€14,114
up €14,114 (+22.9%), from €61,681 to €75,796
mainly Net result for the year (+€18,211) and Depreciation (+€11,432)
- Tangible fixed assets -€11,432
down €11,432 (-6.7%), from €171,474 to €160,042
of which Furniture and vehicles: -€9,040
- Profit (loss) carried forward +€3,211
up €3,211 (+2.9%), from €109,277 to €112,488
- Gross operating margin -€11,670
down €11,670 (-26.7%), from €43,709 to €32,039
- Turnover -€8,855
down €8,855 (-17.1%), from €51,700 to €42,845
- Depreciation +€8,028
up €8,028 (+236%), from €3,405 to €11,432
- Taxes -€5,834
down €5,834 (-76.8%), from €7,594 to €1,760
- Purchases and services +€1,989
up €1,989 (+16.8%), from €11,818 to €13,806
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 | €239,487 | €242,304 | +€2,817 | +1.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €171,474 | €160,042 | -€11,432 | -6.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €171,474 | €160,042 | -€11,432 | -6.7% |
| Land and buildings | 22 | €108,304 | €108,304 | = | 0.0% |
| Plant, machinery and equipment | 23 | €17,932 | €15,540 | -€2,392 | -13.3% |
| Furniture and vehicles | 24 | €45,238 | €36,198 | -€9,040 | -20.0% |
| Current assets | 29/58 | €68,013 | €82,262 | +€14,249 | +21.0% |
| Amounts receivable within one year | 40/41 | €4,098 | €4,175 | +€76 | +1.9% |
| Trade receivables | 40 | €0 | €4,175 | +€4,175 | |
| Other amounts receivable | 41 | €4,098 | - | -€4,098 | |
| Cash at bank and in hand | 54/58 | €61,681 | €75,796 | +€14,114 | +22.9% |
| Deferred charges and accrued income | 490/1 | €2,233 | €2,291 | +€59 | +2.6% |
| Total equity and liabilities | 10/49 | €239,487 | €242,304 | +€2,817 | +1.2% |
| Equity | 10/15 | €198,377 | €201,588 | +€3,211 | +1.6% |
| Contributions | 10/11 | €81,000 | €81,000 | = | 0.0% |
| Capital | 10 | €81,000 | €81,000 | = | 0.0% |
| Issued capital | 100 | €81,000 | €81,000 | = | 0.0% |
| Reserves | 13 | €8,100 | €8,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,100 | €8,100 | = | 0.0% |
| Legal reserve | 130 | €8,100 | €8,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,277 | €112,488 | +€3,211 | +2.9% |
| Amounts payable | 17/49 | €41,110 | €40,716 | -€394 | -1.0% |
| Amounts payable within one year | 42/48 | €41,110 | €40,716 | -€394 | -1.0% |
| Trade debts | 44 | €17 | €64 | +€47 | +282% |
| Suppliers | 440/4 | €17 | €64 | +€47 | +282% |
| Taxes, remuneration and social security | 45 | €7,549 | €9,505 | +€1,956 | +25.9% |
| Taxes | 450/3 | €7,549 | €9,505 | +€1,956 | +25.9% |
| Other amounts payable | 47/48 | €33,544 | €31,147 | -€2,398 | -7.1% |
| Turnover | 70 | €51,700 | €42,845 | -€8,855 | -17.1% |
| Non-recurring operating income | 76A | €826 | - | -€826 | |
| Goods, raw materials, services and sundry goods | 60/61 | €11,818 | €13,806 | +€1,989 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,405 | €11,432 | +€8,028 | +236% |
| Other operating charges | 640/8 | €2,232 | €3,000 | +€768 | +34.4% |
| Gross operating margin | 9900 | €43,709 | €32,039 | -€11,670 | -26.7% |
| Operating profit (loss) | 9901 | €38,073 | €17,606 | -€20,466 | -53.8% |
| Financial income | 75/76B | €2,655 | €3,641 | +€986 | +37.1% |
| Recurring financial income | 75 | €2,655 | €3,641 | +€986 | +37.1% |
| Financial charges | 65/66B | €1,362 | €1,277 | -€85 | -6.2% |
| Recurring financial charges | 65 | €1,362 | €1,277 | -€85 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €39,366 | €19,970 | -€19,396 | -49.3% |
| Income taxes | 67/77 | €7,594 | €1,760 | -€5,834 | -76.8% |
| Profit (loss) for the period | 9904 | €31,772 | €18,211 | -€13,562 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,772 | €18,211 | -€13,562 | -42.7% |
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 17 October 2026 via checked.be.