PVE Security: 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.
PVE Security
Largest movements
- Receivables within one year +€12,654
up €12,654 (+29.8%), from €42,432 to €55,086
of which Other amounts receivable: +€8,201
- Cash +€7,117
up €7,117 (+95.6%), from €7,447 to €14,564
mainly Net result for the year (+€15,819) and Depreciation (+€5,463)
- Tangible fixed assets -€3,550
down €3,550 (-28.1%), from €12,646 to €9,096
of which Furniture and vehicles: -€2,166
- Reserves +€15,500
up €15,500 (+47.1%), from €32,920 to €48,420
- Trade debts -€3,667
down €3,667 (-60.3%), from €6,080 to €2,413
- Tax, wage and social debts +€3,508
up €3,508 (+17.8%), from €19,737 to €23,245
- Gross operating margin +€50,856
up €50,856 (+408.7%), from €12,443 to €63,299
- Taxes +€5,272
up €5,272 (+330.2%), from €1,597 to €6,868
- Financial income +€989
up €989 (+103.1%), from €959 to €1,948
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 | €68,094 | €83,754 | +€15,660 | +23.0% |
| Fixed assets | 21/28 | €17,071 | €13,521 | -€3,550 | -20.8% |
| Tangible fixed assets | 22/27 | €12,646 | €9,096 | -€3,550 | -28.1% |
| Plant, machinery and equipment | 23 | €6,013 | €4,629 | -€1,383 | -23.0% |
| Furniture and vehicles | 24 | €6,633 | €4,467 | -€2,166 | -32.7% |
| Financial fixed assets | 28 | €4,425 | €4,425 | = | 0.0% |
| Current assets | 29/58 | €51,023 | €70,233 | +€19,210 | +37.6% |
| Amounts receivable within one year | 40/41 | €42,432 | €55,086 | +€12,654 | +29.8% |
| Trade receivables | 40 | €9,764 | €14,217 | +€4,453 | +45.6% |
| Other amounts receivable | 41 | €32,668 | €40,870 | +€8,201 | +25.1% |
| Current investments | 50/53 | €582 | €582 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,447 | €14,564 | +€7,117 | +95.6% |
| Deferred charges and accrued income | 490/1 | €562 | €0 | -€562 | -100.0% |
| Total equity and liabilities | 10/49 | €68,094 | €83,754 | +€15,660 | +23.0% |
| Equity | 10/15 | €42,276 | €58,095 | +€15,819 | +37.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €32,920 | €48,420 | +€15,500 | +47.1% |
| Distributable reserves | 133 | €32,920 | €48,420 | +€15,500 | +47.1% |
| Profit (loss) carried forward | 14 | €3,357 | €3,676 | +€319 | +9.5% |
| Amounts payable | 17/49 | €25,817 | €25,658 | -€159 | -0.6% |
| Amounts payable within one year | 42/48 | €25,817 | €25,658 | -€159 | -0.6% |
| Trade debts | 44 | €6,080 | €2,413 | -€3,667 | -60.3% |
| Suppliers | 440/4 | €6,080 | €2,413 | -€3,667 | -60.3% |
| Taxes, remuneration and social security | 45 | €19,737 | €23,245 | +€3,508 | +17.8% |
| Taxes | 450/3 | €19,737 | €23,245 | +€3,508 | +17.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,865 | €5,463 | -€402 | -6.9% |
| Other operating charges | 640/8 | €2,026 | €1,762 | -€264 | -13.0% |
| Non-recurring operating charges | 66A | - | €34,027 | +€34,027 | |
| Gross operating margin | 9900 | €12,443 | €63,299 | +€50,856 | +408.7% |
| Operating profit (loss) | 9901 | €4,552 | €22,048 | +€17,496 | +384.3% |
| Financial income | 75/76B | €959 | €1,948 | +€989 | +103.1% |
| Recurring financial income | 75 | €959 | €1,948 | +€989 | +103.1% |
| Financial charges | 65/66B | €909 | €1,309 | +€400 | +44.0% |
| Recurring financial charges | 65 | €909 | €1,309 | +€400 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €4,603 | €22,687 | +€18,084 | +392.9% |
| Income taxes | 67/77 | €1,597 | €6,868 | +€5,272 | +330.2% |
| Profit (loss) for the period | 9904 | €3,006 | €15,819 | +€12,813 | +426.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,006 | €15,819 | +€12,813 | +426.2% |
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 11 October 2026 via checked.be.