PVD Lasertech: 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.
PVD Lasertech
Largest movements
- Cash +€349,440
up €349,440 (+114.6%), from €304,839 to €654,279
mainly Trade debts (+€394,769) and Net result for the year (+€265,195)
- Current investments +€147,587
new in 2025: €147,587
- Tangible fixed assets +€106,070
up €106,070 (+67.3%), from €157,593 to €263,662
of which Furniture and vehicles: +€97,173
- Receivables within one year +€30,882
up €30,882 (+17.1%), from €180,098 to €210,979
of which Trade receivables: +€51,518
- Trade debts +€394,769
up €394,769 (+3104.6%), from €12,716 to €407,485
- Reserves +€246,427
up €246,427 (+45.6%), from €540,685 to €787,112
of which Distributable reserves: +€141,177
- Advances received +€40,000
new in 2025: €40,000
- Debts after one year -€17,963
down €17,963 (-53.6%), from €33,535 to €15,571
- Gross operating margin +€175,345
up €175,345 (+57.1%), from €306,997 to €482,342
- Taxes +€36,331
up €36,331 (+56.0%), from €64,871 to €101,202
- Depreciation +€17,943
up €17,943 (+42.5%), from €42,247 to €60,190
- Staff costs +€7,134
up €7,134 (+15.4%), from €46,427 to €53,562
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 | €658,714 | €1,298,763 | +€640,049 | +97.2% |
| Fixed assets | 21/28 | €157,593 | €263,662 | +€106,070 | +67.3% |
| Tangible fixed assets | 22/27 | €157,593 | €263,662 | +€106,070 | +67.3% |
| Land and buildings | 22 | €64,699 | €70,326 | +€5,627 | +8.7% |
| Plant, machinery and equipment | 23 | €1,805 | €15,503 | +€13,698 | +759.1% |
| Furniture and vehicles | 24 | €80,660 | €177,833 | +€97,173 | +120.5% |
| Leasing and similar rights | 25 | €10,429 | €0 | -€10,429 | -100.0% |
| Current assets | 29/58 | €501,122 | €1,035,101 | +€533,979 | +106.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €180,098 | €210,979 | +€30,882 | +17.1% |
| Trade receivables | 40 | €87,418 | €138,935 | +€51,518 | +58.9% |
| Other amounts receivable | 41 | €92,680 | €72,044 | -€20,636 | -22.3% |
| Current investments | 50/53 | - | €147,587 | +€147,587 | |
| Cash at bank and in hand | 54/58 | €304,839 | €654,279 | +€349,440 | +114.6% |
| Deferred charges and accrued income | 490/1 | €16,185 | €22,255 | +€6,070 | +37.5% |
| Total equity and liabilities | 10/49 | €658,714 | €1,298,763 | +€640,049 | +97.2% |
| Equity | 10/15 | €560,330 | €806,757 | +€246,427 | +44.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €540,685 | €787,112 | +€246,427 | +45.6% |
| Tax-exempt reserves | 132 | - | €105,250 | +€105,250 | |
| Distributable reserves | 133 | €540,685 | €681,862 | +€141,177 | +26.1% |
| Profit (loss) carried forward | 14 | €1,045 | €1,045 | = | 0.0% |
| Amounts payable | 17/49 | €98,384 | €492,006 | +€393,622 | +400.1% |
| Amounts payable after more than one year | 17 | €33,535 | €15,571 | -€17,963 | -53.6% |
| Financial debts | 170/4 | €33,535 | €15,571 | -€17,963 | -53.6% |
| Amounts payable within one year | 42/48 | €63,668 | €474,873 | +€411,205 | +645.9% |
| Current portion of amounts payable after more than one year | 42 | €27,234 | €17,963 | -€9,271 | -34.0% |
| Financial debts | 43 | €6,350 | €0 | -€6,350 | -100.0% |
| Credit institutions | 430/8 | €6,350 | €0 | -€6,350 | -100.0% |
| Trade debts | 44 | €12,716 | €407,485 | +€394,769 | +3104.6% |
| Suppliers | 440/4 | €12,716 | €407,485 | +€394,769 | +3104.6% |
| Advances received on contracts in progress | 46 | - | €40,000 | +€40,000 | |
| Taxes, remuneration and social security | 45 | €11,491 | €4,692 | -€6,799 | -59.2% |
| Taxes | 450/3 | €5,093 | €0 | -€5,093 | -100.0% |
| Remuneration and social security | 454/9 | €6,398 | €4,692 | -€1,706 | -26.7% |
| Other amounts payable | 47/48 | €5,877 | €4,733 | -€1,144 | -19.5% |
| Accrued charges and deferred income | 492/3 | €1,182 | €1,562 | +€380 | +32.2% |
| Non-recurring operating income | 76A | - | €9,251 | +€9,251 | |
| Remuneration, social security and pensions | 62 | €46,427 | €53,562 | +€7,134 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,247 | €60,190 | +€17,943 | +42.5% |
| Other operating charges | 640/8 | €2,337 | €2,416 | +€79 | +3.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €306,997 | €482,342 | +€175,345 | +57.1% |
| Operating profit (loss) | 9901 | €215,986 | €366,175 | +€150,189 | +69.5% |
| Financial income | 75/76B | €1,929 | €4,778 | +€2,849 | +147.7% |
| Recurring financial income | 75 | €1,929 | €4,778 | +€2,849 | +147.7% |
| Financial charges | 65/66B | €4,038 | €4,556 | +€518 | +12.8% |
| Recurring financial charges | 65 | €4,038 | €2,882 | -€1,156 | -28.6% |
| Non-recurring financial charges | 66B | - | €1,674 | +€1,674 | |
| Profit (loss) for the period before taxes | 9903 | €213,877 | €366,397 | +€152,520 | +71.3% |
| Income taxes | 67/77 | €64,871 | €101,202 | +€36,331 | +56.0% |
| Profit (loss) for the period | 9904 | €149,006 | €265,195 | +€116,189 | +78.0% |
| Transfer to tax-exempt reserves | 689 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €149,006 | €159,945 | +€10,939 | +7.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.