PVDS MEDICAL: 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.
PVDS MEDICAL
Largest movements
- Current investments +€67,803
up €67,803 (+128%), from €53,000 to €120,803
- Cash -€30,881
down €30,881 (-53.5%), from €57,770 to €26,889
mainly Current investments (-€67,803) and Debts after one year (-€50,033)
- Deferred charges and accrued income +€30,441
up €30,441 (+424%), from €7,178 to €37,620
- Intangible fixed assets -€30,000
down €30,000 (-28.9%), from €103,808 to €73,808
- Tangible fixed assets -€14,094
down €14,094 (-17.8%), from €79,049 to €64,955
of which Furniture and vehicles: -€13,848
- Reserves +€77,150
up €77,150 (+96.2%), from €80,185 to €157,335
- Debts after one year -€50,033
down €50,033 (-40.1%), from €124,804 to €74,771
of which Other amounts payable: -€35,000
- Other debts -€10,658
down €10,658 (-25.0%), from €42,611 to €31,953
- Tax, wage and social debts +€7,665
new in 2025: €7,665
- Gross operating margin +€18,974
up €18,974 (+13.2%), from €143,227 to €162,201
- Depreciation +€6,650
up €6,650 (+16.0%), from €41,578 to €48,228
- Taxes +€6,226
up €6,226 (+23.4%), from €26,636 to €32,863
- Other operating charges -€3,575
down €3,575 (-75.4%), from €4,739 to €1,164
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 | €301,169 | €326,075 | +€24,906 | +8.3% |
| Fixed assets | 21/28 | €182,857 | €138,764 | -€44,094 | -24.1% |
| Intangible fixed assets | 21 | €103,808 | €73,808 | -€30,000 | -28.9% |
| Tangible fixed assets | 22/27 | €79,049 | €64,955 | -€14,094 | -17.8% |
| Plant, machinery and equipment | 23 | €2,242 | €1,997 | -€246 | -11.0% |
| Furniture and vehicles | 24 | €76,807 | €62,959 | -€13,848 | -18.0% |
| Current assets | 29/58 | €118,311 | €187,311 | +€69,000 | +58.3% |
| Amounts receivable within one year | 40/41 | €364 | €2,000 | +€1,636 | +450% |
| Other amounts receivable | 41 | €364 | €2,000 | +€1,636 | +450% |
| Current investments | 50/53 | €53,000 | €120,803 | +€67,803 | +128% |
| Cash at bank and in hand | 54/58 | €57,770 | €26,889 | -€30,881 | -53.5% |
| Deferred charges and accrued income | 490/1 | €7,178 | €37,620 | +€30,441 | +424% |
| Total equity and liabilities | 10/49 | €301,169 | €326,075 | +€24,906 | +8.3% |
| Equity | 10/15 | €83,685 | €160,835 | +€77,150 | +92.2% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €80,185 | €157,335 | +€77,150 | +96.2% |
| Distributable reserves | 133 | €80,185 | €157,335 | +€77,150 | +96.2% |
| Amounts payable | 17/49 | €217,483 | €165,240 | -€52,244 | -24.0% |
| Amounts payable after more than one year | 17 | €124,804 | €74,771 | -€50,033 | -40.1% |
| Financial debts | 170/4 | €37,304 | €22,271 | -€15,033 | -40.3% |
| Other amounts payable | 178/9 | €87,500 | €52,500 | -€35,000 | -40.0% |
| Amounts payable within one year | 42/48 | €92,679 | €90,469 | -€2,210 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €49,488 | €50,033 | +€545 | +1.1% |
| Trade debts | 44 | €580 | €817 | +€238 | +41.0% |
| Suppliers | 440/4 | €580 | €817 | +€238 | +41.0% |
| Taxes, remuneration and social security | 45 | - | €7,665 | +€7,665 | |
| Taxes | 450/3 | - | €7,665 | +€7,665 | |
| Other amounts payable | 47/48 | €42,611 | €31,953 | -€10,658 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,578 | €48,228 | +€6,650 | +16.0% |
| Other operating charges | 640/8 | €4,739 | €1,164 | -€3,575 | -75.4% |
| Gross operating margin | 9900 | €143,227 | €162,201 | +€18,974 | +13.2% |
| Operating profit (loss) | 9901 | €96,910 | €112,809 | +€15,899 | +16.4% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €2,054 | €1,958 | -€96 | -4.7% |
| Recurring financial charges | 65 | €2,054 | €1,958 | -€96 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €94,856 | €110,871 | +€16,015 | +16.9% |
| Income taxes | 67/77 | €26,636 | €32,863 | +€6,226 | +23.4% |
| Profit (loss) for the period | 9904 | €68,220 | €78,009 | +€9,789 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,220 | €78,009 | +€9,789 | +14.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.