PvB timmerwerken: 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.
PvB timmerwerken
Largest movements
- Cash +€53,714
up €53,714 (+224%), from €24,024 to €77,738
mainly Other debts (+€73,467) and Net result for the year (+€50,425)
- Receivables within one year -€37,822
down €37,822 (-70.1%), from €53,919 to €16,097
of which Other amounts receivable: -€19,290
- Tangible fixed assets -€24,083
down €24,083 (-11.7%), from €206,078 to €181,995
- Stocks and contracts -€9,840
down €9,840 (-61.5%), from €15,988 to €6,147
of which Stocks: -€9,840
- Other debts +€73,467
up €73,467, from €0 to €73,467
- Reserves -€49,575
down €49,575 (-36.4%), from €136,293 to €86,717
- Trade debts -€21,462
down €21,462 (-80.7%), from €26,580 to €5,118
- Debts after one year -€20,504
down €20,504 (-17.6%), from €116,221 to €95,717
- Gross operating margin +€18,799
up €18,799 (+25.2%), from €74,642 to €93,442
- Taxes +€7,513
up €7,513 (+75.1%), from €10,010 to €17,523
- Financial charges +€1,779
up €1,779 (+40.3%), from €4,413 to €6,192
- Depreciation -€1,189
down €1,189 (-6.1%), from €19,541 to €18,352
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 | €303,302 | €287,523 | -€15,779 | -5.2% |
| Fixed assets | 21/28 | €206,078 | €181,995 | -€24,083 | -11.7% |
| Tangible fixed assets | 22/27 | €206,078 | €181,995 | -€24,083 | -11.7% |
| Land and buildings | 22 | €160,470 | €154,840 | -€5,630 | -3.5% |
| Plant, machinery and equipment | 23 | €7,538 | €1,182 | -€6,357 | -84.3% |
| Furniture and vehicles | 24 | €13,825 | €8,809 | -€5,017 | -36.3% |
| Leasing and similar rights | 25 | €24,244 | €17,164 | -€7,079 | -29.2% |
| Current assets | 29/58 | €97,224 | €105,528 | +€8,304 | +8.5% |
| Stocks and contracts in progress | 3 | €15,988 | €6,147 | -€9,840 | -61.5% |
| Stocks | 30/36 | €15,988 | €6,147 | -€9,840 | -61.5% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €53,919 | €16,097 | -€37,822 | -70.1% |
| Trade receivables | 40 | €26,406 | €7,874 | -€18,532 | -70.2% |
| Other amounts receivable | 41 | €27,514 | €8,223 | -€19,290 | -70.1% |
| Cash at bank and in hand | 54/58 | €24,024 | €77,738 | +€53,714 | +224% |
| Deferred charges and accrued income | 490/1 | €3,294 | €5,546 | +€2,252 | +68.4% |
| Total equity and liabilities | 10/49 | €303,302 | €287,523 | -€15,779 | -5.2% |
| Equity | 10/15 | €141,293 | €91,717 | -€49,575 | -35.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €136,293 | €86,717 | -€49,575 | -36.4% |
| Distributable reserves | 133 | €136,293 | €86,717 | -€49,575 | -36.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €162,010 | €195,805 | +€33,796 | +20.9% |
| Amounts payable after more than one year | 17 | €116,221 | €95,717 | -€20,504 | -17.6% |
| Financial debts | 170/4 | €116,221 | €95,717 | -€20,504 | -17.6% |
| Amounts payable within one year | 42/48 | €45,789 | €97,582 | +€51,793 | +113% |
| Current portion of amounts payable after more than one year | 42 | €19,209 | €18,469 | -€740 | -3.9% |
| Trade debts | 44 | €26,580 | €5,118 | -€21,462 | -80.7% |
| Suppliers | 440/4 | €26,580 | €5,118 | -€21,462 | -80.7% |
| Taxes, remuneration and social security | 45 | - | €529 | +€529 | |
| Taxes | 450/3 | - | €529 | +€529 | |
| Other amounts payable | 47/48 | €0 | €73,467 | +€73,467 | |
| Accrued charges and deferred income | 492/3 | - | €2,507 | +€2,507 | |
| Remuneration, social security and pensions | 62 | €67 | €2 | -€65 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,541 | €18,352 | -€1,189 | -6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€511 | -€511 | |
| Other operating charges | 640/8 | €1,611 | €2,152 | +€541 | +33.6% |
| Non-recurring operating charges | 66A | €335 | €191 | -€144 | -42.9% |
| Gross operating margin | 9900 | €74,642 | €93,442 | +€18,799 | +25.2% |
| Operating profit (loss) | 9901 | €53,089 | €73,256 | +€20,167 | +38.0% |
| Financial income | 75/76B | €498 | €884 | +€386 | +77.6% |
| Recurring financial income | 75 | €498 | €884 | +€386 | +77.6% |
| Financial charges | 65/66B | €4,413 | €6,192 | +€1,779 | +40.3% |
| Recurring financial charges | 65 | €4,413 | €6,192 | +€1,779 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €49,174 | €67,948 | +€18,774 | +38.2% |
| Income taxes | 67/77 | €10,010 | €17,523 | +€7,513 | +75.1% |
| Profit (loss) for the period | 9904 | €39,164 | €50,425 | +€11,261 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,164 | €50,425 | +€11,261 | +28.8% |
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 22 October 2026 via checked.be.