PVB Projects: 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.
PVB Projects
Largest movements
- Cash +€154,294
up €154,294 (+941.6%), from €16,386 to €170,679
mainly Investment in fixed assets (net) (+€140,000) and Net result for the year (+€44,550)
- Financial fixed assets -€140,000
down €140,000 (-100.0%), from €140,000 to €0
- Receivables within one year -€9,072
down €9,072 (-76.5%), from €11,855 to €2,783
of which Trade receivables: -€10,436
- Current investments +€4,500
new in 2025: €4,500
- Reserves +€44,550
up €44,550 (+65.8%), from €67,677 to €112,227
- Debts after one year -€32,921
down €32,921 (-100.0%), from €32,921 to €0
- Current portion of long-term debt -€8,412
down €8,412 (-100.0%), from €8,412 to €0
- Trade debts +€3,107
up €3,107 (+105.5%), from €2,945 to €6,053
- Tax, wage and social debts +€2,719
up €2,719 (+63.7%), from €4,265 to €6,984
- Gross operating margin +€34,380
up €34,380 (+113.0%), from €30,430 to €64,810
- Taxes +€6,401
up €6,401 (+66.8%), from €9,582 to €15,983
- Financial charges +€831
up €831 (+34.1%), from €2,441 to €3,272
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 | €169,394 | €179,380 | +€9,986 | +5.9% |
| Fixed assets | 21/28 | €140,000 | €0 | -€140,000 | -100.0% |
| Financial fixed assets | 28 | €140,000 | €0 | -€140,000 | -100.0% |
| Current assets | 29/58 | €29,394 | €179,380 | +€149,986 | +510.3% |
| Amounts receivable within one year | 40/41 | €11,855 | €2,783 | -€9,072 | -76.5% |
| Trade receivables | 40 | €10,436 | €0 | -€10,436 | -100.0% |
| Other amounts receivable | 41 | €1,418 | €2,783 | +€1,364 | +96.2% |
| Current investments | 50/53 | - | €4,500 | +€4,500 | |
| Cash at bank and in hand | 54/58 | €16,386 | €170,679 | +€154,294 | +941.6% |
| Deferred charges and accrued income | 490/1 | €1,154 | €1,418 | +€264 | +22.9% |
| Total equity and liabilities | 10/49 | €169,394 | €179,380 | +€9,986 | +5.9% |
| Equity | 10/15 | €77,684 | €122,234 | +€44,550 | +57.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €67,677 | €112,227 | +€44,550 | +65.8% |
| Distributable reserves | 133 | €67,677 | €112,227 | +€44,550 | +65.8% |
| Profit (loss) carried forward | 14 | €7 | €7 | = | 0.0% |
| Amounts payable | 17/49 | €91,710 | €57,146 | -€34,564 | -37.7% |
| Amounts payable after more than one year | 17 | €32,921 | €0 | -€32,921 | -100.0% |
| Financial debts | 170/4 | €32,921 | €0 | -€32,921 | -100.0% |
| Amounts payable within one year | 42/48 | €58,789 | €55,774 | -€3,015 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €8,412 | €0 | -€8,412 | -100.0% |
| Trade debts | 44 | €2,945 | €6,053 | +€3,107 | +105.5% |
| Suppliers | 440/4 | €2,945 | €6,053 | +€3,107 | +105.5% |
| Taxes, remuneration and social security | 45 | €4,265 | €6,984 | +€2,719 | +63.7% |
| Taxes | 450/3 | €4,265 | €6,984 | +€2,719 | +63.7% |
| Other amounts payable | 47/48 | €43,167 | €42,738 | -€429 | -1.0% |
| Accrued charges and deferred income | 492/3 | - | €1,372 | +€1,372 | |
| Remuneration, social security and pensions | 62 | - | €184 | +€184 | |
| Other operating charges | 640/8 | €462 | €874 | +€411 | +89.0% |
| Gross operating margin | 9900 | €30,430 | €64,810 | +€34,380 | +113.0% |
| Operating profit (loss) | 9901 | €29,968 | €63,753 | +€33,785 | +112.7% |
| Financial income | 75/76B | €7 | €52 | +€46 | +686.2% |
| Recurring financial income | 75 | €7 | €52 | +€46 | +686.2% |
| Financial charges | 65/66B | €2,441 | €3,272 | +€831 | +34.1% |
| Recurring financial charges | 65 | €2,441 | €3,272 | +€831 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | €27,534 | €60,533 | +€32,999 | +119.9% |
| Income taxes | 67/77 | €9,582 | €15,983 | +€6,401 | +66.8% |
| Profit (loss) for the period | 9904 | €17,952 | €44,550 | +€26,598 | +148.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,952 | €44,550 | +€26,598 | +148.2% |
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 28 September 2026 via checked.be.