PVCBien: 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.
PVCBien
Largest movements
- Cash -€35,397
down €35,397 (-40.8%), from €86,823 to €51,426
mainly Receivables within one year (-€34,044) and Trade debts (-€11,426)
- Receivables within one year +€34,044
up €34,044 (+122.4%), from €27,805 to €61,849
of which Trade receivables: +€28,905
- Financial fixed assets +€1,520
up €1,520 (+6080.0%), from €25 to €1,545
- Reserves +€20,500
up €20,500 (+46.7%), from €43,860 to €64,360
- Trade debts -€11,426
down €11,426 (-98.1%), from €11,651 to €225
- Tax, wage and social debts -€9,538
down €9,538 (-50.1%), from €19,052 to €9,515
- Gross operating margin -€24,866
down €24,866 (-41.8%), from €59,510 to €34,644
- Depreciation -€6,375
down €6,375 (-93.7%), from €6,805 to €430
- Taxes -€5,956
down €5,956 (-33.9%), from €17,577 to €11,621
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 | €115,658 | €115,403 | -€255 | -0.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €774 | €1,864 | +€1,090 | +140.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €749 | €319 | -€430 | -57.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €749 | €319 | -€430 | -57.4% |
| Financial fixed assets | 28 | €25 | €1,545 | +€1,520 | +6080.0% |
| Current assets | 29/58 | €114,884 | €113,539 | -€1,345 | -1.2% |
| Amounts receivable within one year | 40/41 | €27,805 | €61,849 | +€34,044 | +122.4% |
| Trade receivables | 40 | €3,028 | €31,933 | +€28,905 | +954.6% |
| Other amounts receivable | 41 | €24,777 | €29,916 | +€5,139 | +20.7% |
| Cash at bank and in hand | 54/58 | €86,823 | €51,426 | -€35,397 | -40.8% |
| Deferred charges and accrued income | 490/1 | €256 | €264 | +€9 | +3.4% |
| Total equity and liabilities | 10/49 | €115,658 | €115,403 | -€255 | -0.2% |
| Equity | 10/15 | €80,689 | €101,444 | +€20,755 | +25.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €43,860 | €64,360 | +€20,500 | +46.7% |
| Distributable reserves | 133 | €43,860 | €64,360 | +€20,500 | +46.7% |
| Profit (loss) carried forward | 14 | €30,629 | €30,884 | +€255 | +0.8% |
| Amounts payable | 17/49 | €34,969 | €13,959 | -€21,010 | -60.1% |
| Amounts payable within one year | 42/48 | €34,969 | €13,959 | -€21,010 | -60.1% |
| Current portion of amounts payable after more than one year | 42 | €4,120 | €4,074 | -€46 | -1.1% |
| Trade debts | 44 | €11,651 | €225 | -€11,426 | -98.1% |
| Suppliers | 440/4 | €11,651 | €225 | -€11,426 | -98.1% |
| Taxes, remuneration and social security | 45 | €19,052 | €9,515 | -€9,538 | -50.1% |
| Taxes | 450/3 | €19,052 | €9,515 | -€9,538 | -50.1% |
| Other amounts payable | 47/48 | €145 | €145 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €410 | - | -€410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,805 | €430 | -€6,375 | -93.7% |
| Other operating charges | 640/8 | €832 | €1,316 | +€484 | +58.2% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €59,510 | €34,644 | -€24,866 | -41.8% |
| Operating profit (loss) | 9901 | €51,462 | €32,835 | -€18,627 | -36.2% |
| Financial charges | 65/66B | €432 | €459 | +€27 | +6.3% |
| Recurring financial charges | 65 | €432 | €459 | +€27 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €51,031 | €32,376 | -€18,655 | -36.6% |
| Income taxes | 67/77 | €17,577 | €11,621 | -€5,956 | -33.9% |
| Profit (loss) for the period | 9904 | €33,454 | €20,755 | -€12,699 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,454 | €20,755 | -€12,699 | -38.0% |
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 2 October 2026 via checked.be.