PVD DESIGN: 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.
PVD DESIGN
Largest movements
- Receivables within one year -€10,100
down €10,100 (-23.7%), from €42,529 to €32,429
of which Trade receivables: -€14,337
- Tangible fixed assets +€9,558
up €9,558 (+80.1%), from €11,926 to €21,484
- Cash +€3,892
up €3,892 (+198%), from €1,965 to €5,857
mainly Depreciation (+€12,399) and Receivables within one year (+€10,100)
- Tax, wage and social debts -€5,830
down €5,830 (-67.4%), from €8,651 to €2,821
of which Remuneration and social security: -€6,601
- Debts after one year +€5,322
new in 2025: €5,322
- Current portion of long-term debt +€2,877
new in 2025: €2,877
- Profit (loss) carried forward +€1,976
up €1,976 (+7.8%), from €25,193 to €27,169
- Trade debts -€995
down €995 (-6.1%), from €16,375 to €15,380
of which Bills of exchange payable: -€1,887
- Depreciation +€6,856
up €6,856 (+124%), from €5,543 to €12,399
- Gross operating margin +€4,527
up €4,527 (+30.9%), from €14,639 to €19,166
- Taxes +€1,313
up €1,313 (+64.0%), from €2,050 to €3,363
- Other operating charges +€401
up €401 (+53.1%), from €756 to €1,157
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 | €56,419 | €59,769 | +€3,350 | +5.9% |
| Fixed assets | 21/28 | €11,926 | €21,484 | +€9,558 | +80.1% |
| Tangible fixed assets | 22/27 | €11,926 | €21,484 | +€9,558 | +80.1% |
| Furniture and vehicles | 24 | €11,926 | €21,484 | +€9,558 | +80.1% |
| Current assets | 29/58 | €44,494 | €38,285 | -€6,208 | -14.0% |
| Amounts receivable within one year | 40/41 | €42,529 | €32,429 | -€10,100 | -23.7% |
| Trade receivables | 40 | €39,278 | €24,942 | -€14,337 | -36.5% |
| Other amounts receivable | 41 | €3,250 | €7,487 | +€4,237 | +130% |
| Cash at bank and in hand | 54/58 | €1,965 | €5,857 | +€3,892 | +198% |
| Total equity and liabilities | 10/49 | €56,419 | €59,769 | +€3,350 | +5.9% |
| Equity | 10/15 | €31,393 | €33,369 | +€1,976 | +6.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,193 | €27,169 | +€1,976 | +7.8% |
| Amounts payable | 17/49 | €25,026 | €26,400 | +€1,374 | +5.5% |
| Amounts payable after more than one year | 17 | - | €5,322 | +€5,322 | |
| Financial debts | 170/4 | - | €5,322 | +€5,322 | |
| Amounts payable within one year | 42/48 | €25,026 | €21,078 | -€3,948 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | - | €2,877 | +€2,877 | |
| Trade debts | 44 | €16,375 | €15,380 | -€995 | -6.1% |
| Suppliers | 440/4 | €9,260 | €10,152 | +€892 | +9.6% |
| Bills of exchange payable | 441 | €7,115 | €5,228 | -€1,887 | -26.5% |
| Taxes, remuneration and social security | 45 | €8,651 | €2,821 | -€5,830 | -67.4% |
| Taxes | 450/3 | €2,050 | €2,821 | +€771 | +37.6% |
| Remuneration and social security | 454/9 | €6,601 | - | -€6,601 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,543 | €12,399 | +€6,856 | +124% |
| Other operating charges | 640/8 | €756 | €1,157 | +€401 | +53.1% |
| Gross operating margin | 9900 | €14,639 | €19,166 | +€4,527 | +30.9% |
| Operating profit (loss) | 9901 | €8,340 | €5,610 | -€2,730 | -32.7% |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Financial charges | 65/66B | €188 | €338 | +€150 | +80.0% |
| Recurring financial charges | 65 | €188 | €338 | +€150 | +80.0% |
| Profit (loss) for the period before taxes | 9903 | €8,153 | €5,339 | -€2,813 | -34.5% |
| Income taxes | 67/77 | €2,050 | €3,363 | +€1,313 | +64.0% |
| Profit (loss) for the period | 9904 | €6,102 | €1,976 | -€4,126 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,102 | €1,976 | -€4,126 | -67.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.