PVDE: 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.
PVDE
Largest movements
- Receivables within one year -€7,260
no longer reported in 2025 (was €7,260)
- Tangible fixed assets +€1,856
up €1,856 (+593%), from €313 to €2,169
of which Plant, machinery and equipment: +€2,112
- Deferred charges and accrued income -€949
down €949 (-28.3%), from €3,348 to €2,400
- Cash -€916
down €916 (-6.1%), from €15,002 to €14,086
mainly Contributions, distributions and other (-€10,000) and Tax, wage and social debts (-€3,458)
- Reserves -€3,811
down €3,811 (-37.5%), from €10,150 to €6,339
- Tax, wage and social debts -€3,458
down €3,458 (-37.0%), from €9,347 to €5,889
of which Remuneration and social security: -€2,024
- Gross operating margin -€4,331
down €4,331 (-29.0%), from €14,914 to €10,583
- Taxes -€1,095
down €1,095 (-29.7%), from €3,686 to €2,592
- Depreciation +€424
up €424 (+165%), from €256 to €680
- Financial charges +€263
up €263 (+80.1%), from €328 to €591
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 | €25,923 | €18,654 | -€7,269 | -28.0% |
| Fixed assets | 21/28 | €313 | €2,169 | +€1,856 | +593% |
| Tangible fixed assets | 22/27 | €313 | €2,169 | +€1,856 | +593% |
| Plant, machinery and equipment | 23 | - | €2,112 | +€2,112 | |
| Furniture and vehicles | 24 | €313 | €57 | -€256 | -81.8% |
| Current assets | 29/58 | €25,610 | €16,485 | -€9,125 | -35.6% |
| Amounts receivable within one year | 40/41 | €7,260 | - | -€7,260 | |
| Trade receivables | 40 | €7,260 | - | -€7,260 | |
| Cash at bank and in hand | 54/58 | €15,002 | €14,086 | -€916 | -6.1% |
| Deferred charges and accrued income | 490/1 | €3,348 | €2,400 | -€949 | -28.3% |
| Total equity and liabilities | 10/49 | €25,923 | €18,654 | -€7,269 | -28.0% |
| Equity | 10/15 | €16,350 | €12,539 | -€3,811 | -23.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,150 | €6,339 | -€3,811 | -37.5% |
| Distributable reserves | 133 | €10,150 | €6,339 | -€3,811 | -37.5% |
| Amounts payable | 17/49 | €9,574 | €6,116 | -€3,458 | -36.1% |
| Amounts payable within one year | 42/48 | €9,574 | €6,116 | -€3,458 | -36.1% |
| Trade debts | 44 | €227 | €227 | = | 0.0% |
| Suppliers | 440/4 | €227 | €227 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,347 | €5,889 | -€3,458 | -37.0% |
| Taxes | 450/3 | €7,323 | €5,889 | -€1,434 | -19.6% |
| Remuneration and social security | 454/9 | €2,024 | - | -€2,024 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256 | €680 | +€424 | +165% |
| Other operating charges | 640/8 | €504 | €532 | +€28 | +5.5% |
| Gross operating margin | 9900 | €14,914 | €10,583 | -€4,331 | -29.0% |
| Operating profit (loss) | 9901 | €14,154 | €9,371 | -€4,783 | -33.8% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €328 | €591 | +€263 | +80.1% |
| Recurring financial charges | 65 | €328 | €591 | +€263 | +80.1% |
| Profit (loss) for the period before taxes | 9903 | €13,836 | €8,781 | -€5,055 | -36.5% |
| Income taxes | 67/77 | €3,686 | €2,592 | -€1,095 | -29.7% |
| Profit (loss) for the period | 9904 | €10,150 | €6,189 | -€3,961 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,150 | €6,189 | -€3,961 | -39.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.