PVG-DENT: 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.
PVG-DENT
Largest movements
- Cash +€147,460
up €147,460 (+259.7%), from €56,771 to €204,230
mainly Other debts (+€135,324) and Net result for the year (+€125,578)
- Current investments -€74,412
down €74,412 (-100.0%), from €74,412 to €0
- Receivables within one year -€5,526
down €5,526 (-100.0%), from €5,526 to €0
of which Other amounts receivable: -€5,406
- Deferred charges and accrued income -€3,036
down €3,036 (-11.5%), from €26,494 to €23,457
- Other debts +€135,324
up €135,324 (+159.2%), from €85,000 to €220,324
- Profit (loss) carried forward -€73,525
down €73,525 (-100.0%), from €73,525 to €0
- Gross operating margin +€100,189
up €100,189 (+136.4%), from €73,464 to €173,653
- Taxes +€24,793
up €24,793 (+132.6%), from €18,704 to €43,498
- Depreciation -€2,727
down €2,727 (-45.1%), from €6,043 to €3,316
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 | €182,963 | €246,439 | +€63,476 | +34.7% |
| Fixed assets | 21/28 | €17,111 | €16,252 | -€860 | -5.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €17,111 | €16,252 | -€860 | -5.0% |
| Plant, machinery and equipment | 23 | €815 | €142 | -€673 | -82.6% |
| Furniture and vehicles | 24 | €4,581 | €2,957 | -€1,625 | -35.5% |
| Other tangible fixed assets | 26 | €11,715 | €13,153 | +€1,438 | +12.3% |
| Current assets | 29/58 | €165,852 | €230,188 | +€64,336 | +38.8% |
| Stocks and contracts in progress | 3 | €2,650 | €2,500 | -€150 | -5.7% |
| Stocks | 30/36 | €2,650 | €2,500 | -€150 | -5.7% |
| Amounts receivable within one year | 40/41 | €5,526 | €0 | -€5,526 | -100.0% |
| Trade receivables | 40 | €120 | €0 | -€120 | -100.0% |
| Other amounts receivable | 41 | €5,406 | €0 | -€5,406 | -100.0% |
| Current investments | 50/53 | €74,412 | €0 | -€74,412 | -100.0% |
| Cash at bank and in hand | 54/58 | €56,771 | €204,230 | +€147,460 | +259.7% |
| Deferred charges and accrued income | 490/1 | €26,494 | €23,457 | -€3,036 | -11.5% |
| Total equity and liabilities | 10/49 | €182,963 | €246,439 | +€63,476 | +34.7% |
| Equity | 10/15 | €93,985 | €20,460 | -€73,525 | -78.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,525 | €0 | -€73,525 | -100.0% |
| Amounts payable | 17/49 | €88,979 | €225,979 | +€137,001 | +154.0% |
| Amounts payable within one year | 42/48 | €88,960 | €225,062 | +€136,102 | +153.0% |
| Trade debts | 44 | €256 | €1,240 | +€984 | +384.3% |
| Suppliers | 440/4 | €256 | €1,240 | +€984 | +384.3% |
| Taxes, remuneration and social security | 45 | €3,704 | €3,498 | -€207 | -5.6% |
| Taxes | 450/3 | €3,704 | €3,498 | -€207 | -5.6% |
| Other amounts payable | 47/48 | €85,000 | €220,324 | +€135,324 | +159.2% |
| Accrued charges and deferred income | 492/3 | €18 | €917 | +€899 | +4905.4% |
| Non-recurring operating income | 76A | - | €27,000 | +€27,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,043 | €3,316 | -€2,727 | -45.1% |
| Other operating charges | 640/8 | €1,354 | €1,159 | -€195 | -14.4% |
| Gross operating margin | 9900 | €73,464 | €173,653 | +€100,189 | +136.4% |
| Operating profit (loss) | 9901 | €66,068 | €169,178 | +€103,110 | +156.1% |
| Financial income | 75/76B | €744 | €1,675 | +€931 | +125.2% |
| Recurring financial income | 75 | €744 | €1,675 | +€931 | +125.2% |
| Financial charges | 65/66B | €103 | €1,778 | +€1,674 | +1619.1% |
| Recurring financial charges | 65 | €103 | €1,778 | +€1,674 | +1619.1% |
| Profit (loss) for the period before taxes | 9903 | €66,708 | €169,075 | +€102,367 | +153.5% |
| Income taxes | 67/77 | €18,704 | €43,498 | +€24,793 | +132.6% |
| Profit (loss) for the period | 9904 | €48,004 | €125,578 | +€77,574 | +161.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,004 | €125,578 | +€77,574 | +161.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.