PVDV CONSULT: 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.
PVDV CONSULT
Largest movements
- Receivables within one year -€83,586
down €83,586 (-69.5%), from €120,230 to €36,644
of which Trade receivables: -€83,661
- Cash +€81,515
up €81,515 (+85.0%), from €95,918 to €177,433
mainly Receivables within one year (+€83,586) and Net result for the year (+€50,088)
- Tangible fixed assets -€10,974
down €10,974 (-36.9%), from €29,754 to €18,780
- Debts after one year -€49,215
down €49,215 (-22.2%), from €221,707 to €172,491
- Other debts +€43,777
up €43,777 (+75.4%), from €58,058 to €101,835
- Gross operating margin -€125,174
down €125,174 (-58.1%), from €215,570 to €90,396
- Taxes -€32,122
down €32,122 (-64.5%), from €49,812 to €17,691
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 | €583,346 | €570,416 | -€12,930 | -2.2% |
| Fixed assets | 21/28 | €365,589 | €354,615 | -€10,974 | -3.0% |
| Tangible fixed assets | 22/27 | €29,754 | €18,780 | -€10,974 | -36.9% |
| Furniture and vehicles | 24 | €29,754 | €18,780 | -€10,974 | -36.9% |
| Financial fixed assets | 28 | €335,835 | €335,835 | = | 0.0% |
| Current assets | 29/58 | €217,756 | €215,801 | -€1,956 | -0.9% |
| Amounts receivable within one year | 40/41 | €120,230 | €36,644 | -€83,586 | -69.5% |
| Trade receivables | 40 | €120,230 | €36,569 | -€83,661 | -69.6% |
| Other amounts receivable | 41 | - | €75 | +€75 | |
| Cash at bank and in hand | 54/58 | €95,918 | €177,433 | +€81,515 | +85.0% |
| Deferred charges and accrued income | 490/1 | €1,609 | €1,723 | +€115 | +7.1% |
| Total equity and liabilities | 10/49 | €583,346 | €570,416 | -€12,930 | -2.2% |
| Equity | 10/15 | €180,434 | €180,522 | +€88 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €161,834 | €161,834 | = | 0.0% |
| Distributable reserves | 133 | €161,834 | €161,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €88 | +€88 | |
| Amounts payable | 17/49 | €402,912 | €389,894 | -€13,018 | -3.2% |
| Amounts payable after more than one year | 17 | €221,707 | €172,491 | -€49,215 | -22.2% |
| Financial debts | 170/4 | €221,707 | €172,491 | -€49,215 | -22.2% |
| Amounts payable within one year | 42/48 | €181,206 | €217,403 | +€36,197 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €52,063 | €49,215 | -€2,848 | -5.5% |
| Trade debts | 44 | €2,583 | €3,576 | +€992 | +38.4% |
| Suppliers | 440/4 | €2,583 | €3,576 | +€992 | +38.4% |
| Taxes, remuneration and social security | 45 | €68,501 | €62,777 | -€5,723 | -8.4% |
| Taxes | 450/3 | €66,901 | €61,177 | -€5,723 | -8.6% |
| Remuneration and social security | 454/9 | €1,600 | €1,600 | = | 0.0% |
| Other amounts payable | 47/48 | €58,058 | €101,835 | +€43,777 | +75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,499 | €11,592 | +€93 | +0.8% |
| Other operating charges | 640/8 | €788 | €810 | +€22 | +2.8% |
| Gross operating margin | 9900 | €215,570 | €90,396 | -€125,174 | -58.1% |
| Operating profit (loss) | 9901 | €203,283 | €77,994 | -€125,289 | -61.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €12,176 | €10,215 | -€1,961 | -16.1% |
| Recurring financial charges | 65 | €12,176 | €10,215 | -€1,961 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €191,107 | €67,779 | -€123,328 | -64.5% |
| Income taxes | 67/77 | €49,812 | €17,691 | -€32,122 | -64.5% |
| Profit (loss) for the period | 9904 | €141,294 | €50,088 | -€91,206 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €141,294 | €50,088 | -€91,206 | -64.6% |
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 10 October 2026 via checked.be.