PVD CONCEPT: what changed
What changed
PVD CONCEPT
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€87,500
2024 · -€11,783+€99,284
Equity
€1.1m
2024 · €963,706+€87,500
Cash
€157,655
2024 · €106,121+€51,535
Balance sheet total
€2.2m
2024 · €1.9m+€269,869
Largest movements
Assets
- Receivables within one year +€189,201
up €189,201 (+54.6%), from €346,283 to €535,484
of which Trade receivables: +€169,563
- Stocks and contracts +€94,433
up €94,433 (+17.8%), from €530,091 to €624,523
- Tangible fixed assets -€63,091
down €63,091 (-6.8%), from €924,147 to €861,056
of which Land and buildings: -€40,741
- Cash +€51,535
up €51,535 (+48.6%), from €106,121 to €157,655
mainly Trade debts (+€119,092) and Net result for the year (+€87,500)
Equity and liabilities
- Trade debts +€119,092
up €119,092 (+55.2%), from €215,765 to €334,857
- Reserves +€86,976
up €86,976 (+18.6%), from €467,472 to €554,448
of which Distributable reserves: +€105,500
- Tax, wage and social debts +€35,839
up €35,839 (+73.6%), from €48,663 to €84,502
of which Taxes: +€28,834
Income statement
- Gross operating margin +€201,707
up €201,707 (+57.9%), from €348,378 to €550,085
- Staff costs +€52,527
up €52,527 (+18.9%), from €278,541 to €331,068
- Taxes +€50,357
up €50,357 (+1,834%), from €2,746 to €53,103
- Financial charges -€7,027
down €7,027 (-32.3%), from €21,748 to €14,721
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€11,783
Gross operating margin
+€201,707
Staff costs
-€52,527
Depreciation
-€5,115
Other operating charges
-€247
Financial income
-€1,285
Financial charges
+€7,027
Taxes
-€50,357
Deferred taxes and other
+€81
Result 2025
€87,500
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€30,392
Investment
-€12,016
Financing
+€33,159
Cash 2024
€106,121
From operations (derived)
+€30,392
Net result for the year
+€87,500
Depreciation
+€75,107
Stocks and contracts
-€94,433
Receivables within one year
-€189,201
Deferred charges and accrued income
+€2,208
Provisions
-€6,770
Trade debts
+€119,092
Tax, wage and social debts
+€35,839
Other debts
+€1,048
Investment (derived)
-€12,016
Investment in fixed assets (net)
-€12,016
Financing
+€33,159
Debts after one year
+€11,437
Current portion of long-term debt
+€17,922
Short-term financial debts
+€3,800
Cash 2025
€157,655
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,913,350 | €2,183,219 | +€269,869 | +14.1% |
| Fixed assets | 21/28 | €928,647 | €865,556 | -€63,091 | -6.8% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €924,147 | €861,056 | -€63,091 | -6.8% |
| Land and buildings | 22 | €740,226 | €699,485 | -€40,741 | -5.5% |
| Plant, machinery and equipment | 23 | €179,585 | €157,152 | -€22,432 | -12.5% |
| Furniture and vehicles | 24 | €4,336 | €4,419 | +€83 | +1.9% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €984,703 | €1,317,662 | +€332,960 | +33.8% |
| Stocks and contracts in progress | 3 | €530,091 | €624,523 | +€94,433 | +17.8% |
| Stocks | 30/36 | €530,091 | €624,523 | +€94,433 | +17.8% |
| Amounts receivable within one year | 40/41 | €346,283 | €535,484 | +€189,201 | +54.6% |
| Trade receivables | 40 | €130,442 | €300,005 | +€169,563 | +130% |
| Other amounts receivable | 41 | €215,841 | €235,479 | +€19,638 | +9.1% |
| Cash at bank and in hand | 54/58 | €106,121 | €157,655 | +€51,535 | +48.6% |
| Deferred charges and accrued income | 490/1 | €2,208 | - | -€2,208 | |
| Total equity and liabilities | 10/49 | €1,913,350 | €2,183,219 | +€269,869 | +14.1% |
| Equity | 10/15 | €963,706 | €1,051,206 | +€87,500 | +9.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €467,472 | €554,448 | +€86,976 | +18.6% |
| Tax-exempt reserves | 132 | €162,613 | €144,089 | -€18,524 | -11.4% |
| Distributable reserves | 133 | €304,859 | €410,359 | +€105,500 | +34.6% |
| Profit (loss) carried forward | 14 | €477,642 | €478,166 | +€524 | +0.1% |
| Provisions and deferred taxes | 16 | €70,372 | €63,601 | -€6,770 | -9.6% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Deferred taxes | 168 | €60,372 | €53,601 | -€6,770 | -11.2% |
| Amounts payable | 17/49 | €879,273 | €1,068,411 | +€189,139 | +21.5% |
| Amounts payable after more than one year | 17 | €409,435 | €420,872 | +€11,437 | +2.8% |
| Financial debts | 170/4 | €409,435 | €420,872 | +€11,437 | +2.8% |
| Amounts payable within one year | 42/48 | €469,838 | €647,540 | +€177,702 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €65,199 | €83,121 | +€17,922 | +27.5% |
| Financial debts | 43 | €126,677 | €130,477 | +€3,800 | +3.0% |
| Other loans | 439 | €126,677 | €130,477 | +€3,800 | +3.0% |
| Trade debts | 44 | €215,765 | €334,857 | +€119,092 | +55.2% |
| Suppliers | 440/4 | €215,765 | €334,857 | +€119,092 | +55.2% |
| Taxes, remuneration and social security | 45 | €48,663 | €84,502 | +€35,839 | +73.6% |
| Taxes | 450/3 | €30,052 | €58,886 | +€28,834 | +95.9% |
| Remuneration and social security | 454/9 | €18,611 | €25,616 | +€7,005 | +37.6% |
| Other amounts payable | 47/48 | €13,535 | €14,583 | +€1,048 | +7.7% |
| Remuneration, social security and pensions | 62 | €278,541 | €331,068 | +€52,527 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,992 | €75,107 | +€5,115 | +7.3% |
| Other operating charges | 640/8 | €4,772 | €5,019 | +€247 | +5.2% |
| Gross operating margin | 9900 | €348,378 | €550,085 | +€201,707 | +57.9% |
| Operating profit (loss) | 9901 | -€4,928 | €138,890 | +€143,818 | |
| Financial income | 75/76B | €10,949 | €9,664 | -€1,285 | -11.7% |
| Recurring financial income | 75 | €10,949 | €9,664 | -€1,285 | -11.7% |
| Financial charges | 65/66B | €21,748 | €14,721 | -€7,027 | -32.3% |
| Recurring financial charges | 65 | €21,748 | €14,721 | -€7,027 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,727 | €133,833 | +€149,559 | |
| Transfer from deferred taxes | 780 | €6,689 | €6,770 | +€81 | +1.2% |
| Income taxes | 67/77 | €2,746 | €53,103 | +€50,357 | +1,834% |
| Profit (loss) for the period | 9904 | -€11,783 | €87,500 | +€99,284 | |
| Transfer from tax-exempt reserves | 789 | €18,366 | €18,524 | +€158 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,583 | €106,024 | +€99,441 | +1,511% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.