PVGH: 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.
PVGH
Largest movements
- Receivables within one year +€35,069
up €35,069 (+979.6%), from €3,580 to €38,649
of which Other amounts receivable: +€36,372
- Cash -€7,036
down €7,036 (-31.8%), from €22,139 to €15,104
mainly Receivables within one year (-€35,069) and Tax, wage and social debts (-€3,457)
- Tangible fixed assets -€2,961
down €2,961 (-15.1%), from €19,572 to €16,611
of which Furniture and vehicles: -€5,249
- Reserves +€19,013
up €19,013 (+60.3%), from €31,527 to €50,540
- Trade debts +€9,534
up €9,534 (+870.9%), from €1,095 to €10,629
- Tax, wage and social debts -€3,457
down €3,457 (-33.9%), from €10,206 to €6,750
- Gross operating margin -€19,836
down €19,836 (-39.4%), from €50,288 to €30,452
- Taxes -€3,407
down €3,407 (-33.5%), from €10,157 to €6,750
- Financial income +€1,551
up €1,551 (+2427.8%), from €64 to €1,615
- Depreciation -€1,410
down €1,410 (-21.1%), from €6,673 to €5,263
- Other operating charges -€939
down €939 (-49.3%), from €1,905 to €966
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,828 | €70,919 | +€25,091 | +54.8% |
| Fixed assets | 21/28 | €19,572 | €16,611 | -€2,961 | -15.1% |
| Tangible fixed assets | 22/27 | €19,572 | €16,611 | -€2,961 | -15.1% |
| Furniture and vehicles | 24 | €19,572 | €14,323 | -€5,249 | -26.8% |
| Other tangible fixed assets | 26 | - | €2,288 | +€2,288 | |
| Current assets | 29/58 | €26,256 | €54,308 | +€28,052 | +106.8% |
| Amounts receivable within one year | 40/41 | €3,580 | €38,649 | +€35,069 | +979.6% |
| Trade receivables | 40 | €1,303 | - | -€1,303 | |
| Other amounts receivable | 41 | €2,278 | €38,649 | +€36,372 | +1597.0% |
| Cash at bank and in hand | 54/58 | €22,139 | €15,104 | -€7,036 | -31.8% |
| Deferred charges and accrued income | 490/1 | €537 | €555 | +€18 | +3.4% |
| Total equity and liabilities | 10/49 | €45,828 | €70,919 | +€25,091 | +54.8% |
| Equity | 10/15 | €34,527 | €53,540 | +€19,013 | +55.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €31,527 | €50,540 | +€19,013 | +60.3% |
| Distributable reserves | 133 | €31,527 | €50,540 | +€19,013 | +60.3% |
| Amounts payable | 17/49 | €11,301 | €17,379 | +€6,077 | +53.8% |
| Amounts payable within one year | 42/48 | €11,301 | €17,379 | +€6,077 | +53.8% |
| Trade debts | 44 | €1,095 | €10,629 | +€9,534 | +870.9% |
| Suppliers | 440/4 | €1,095 | €10,629 | +€9,534 | +870.9% |
| Taxes, remuneration and social security | 45 | €10,206 | €6,750 | -€3,457 | -33.9% |
| Taxes | 450/3 | €10,206 | €6,750 | -€3,457 | -33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,673 | €5,263 | -€1,410 | -21.1% |
| Other operating charges | 640/8 | €1,905 | €966 | -€939 | -49.3% |
| Gross operating margin | 9900 | €50,288 | €30,452 | -€19,836 | -39.4% |
| Operating profit (loss) | 9901 | €41,710 | €24,222 | -€17,488 | -41.9% |
| Financial income | 75/76B | €64 | €1,615 | +€1,551 | +2427.8% |
| Recurring financial income | 75 | €64 | €1,615 | +€1,551 | +2427.8% |
| Financial charges | 65/66B | €90 | €74 | -€17 | -18.6% |
| Recurring financial charges | 65 | €90 | €74 | -€17 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €41,684 | €25,763 | -€15,920 | -38.2% |
| Income taxes | 67/77 | €10,157 | €6,750 | -€3,407 | -33.5% |
| Profit (loss) for the period | 9904 | €31,527 | €19,013 | -€12,513 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,527 | €19,013 | -€12,513 | -39.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.