PVHservices: 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.
PVHservices
Largest movements
- Current investments +€24,000
up €24,000 (+25.3%), from €95,000 to €119,000
- Receivables within one year +€10,119
up €10,119 (+74.5%), from €13,591 to €23,710
of which Trade receivables: +€9,690
- Cash +€3,977
up €3,977 (+90.0%), from €4,418 to €8,395
mainly Net result for the year (+€31,110) and Accrued charges and deferred income (+€9,137)
- Tangible fixed assets -€1,801
down €1,801 (-23.9%), from €7,534 to €5,733
of which Furniture and vehicles: -€1,607
- Profit (loss) carried forward +€31,110
up €31,110 (+32.7%), from €95,064 to €126,174
- Accrued charges and deferred income +€9,137
up €9,137 (+5144.2%), from €178 to €9,315
- Tax, wage and social debts -€7,080
down €7,080 (-69.3%), from €10,215 to €3,135
- Current portion of long-term debt +€2,931
up €2,931 (+29.3%), from €10,000 to €12,931
- Gross operating margin +€4,520
up €4,520 (+11.7%), from €38,549 to €43,069
- Taxes +€605
up €605 (+7.5%), from €8,114 to €8,719
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 | €123,526 | €158,560 | +€35,033 | +28.4% |
| Fixed assets | 21/28 | €7,584 | €5,783 | -€1,801 | -23.7% |
| Tangible fixed assets | 22/27 | €7,534 | €5,733 | -€1,801 | -23.9% |
| Furniture and vehicles | 24 | €5,637 | €4,031 | -€1,607 | -28.5% |
| Other tangible fixed assets | 26 | €1,897 | €1,703 | -€194 | -10.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €115,942 | €152,776 | +€36,834 | +31.8% |
| Amounts receivable within one year | 40/41 | €13,591 | €23,710 | +€10,119 | +74.5% |
| Trade receivables | 40 | €458 | €10,148 | +€9,690 | +2115.0% |
| Other amounts receivable | 41 | €13,132 | €13,562 | +€430 | +3.3% |
| Current investments | 50/53 | €95,000 | €119,000 | +€24,000 | +25.3% |
| Cash at bank and in hand | 54/58 | €4,418 | €8,395 | +€3,977 | +90.0% |
| Deferred charges and accrued income | 490/1 | €2,934 | €1,672 | -€1,262 | -43.0% |
| Total equity and liabilities | 10/49 | €123,526 | €158,560 | +€35,033 | +28.4% |
| Equity | 10/15 | €97,564 | €128,674 | +€31,110 | +31.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,064 | €126,174 | +€31,110 | +32.7% |
| Amounts payable | 17/49 | €25,963 | €29,886 | +€3,923 | +15.1% |
| Amounts payable within one year | 42/48 | €25,785 | €20,571 | -€5,214 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €12,931 | +€2,931 | +29.3% |
| Trade debts | 44 | €357 | €415 | +€57 | +16.0% |
| Suppliers | 440/4 | €357 | €415 | +€57 | +16.0% |
| Advances received on contracts in progress | 46 | €5,213 | €4,091 | -€1,122 | -21.5% |
| Taxes, remuneration and social security | 45 | €10,215 | €3,135 | -€7,080 | -69.3% |
| Taxes | 450/3 | €10,215 | €3,135 | -€7,080 | -69.3% |
| Accrued charges and deferred income | 492/3 | €178 | €9,315 | +€9,137 | +5144.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,113 | €1,801 | -€312 | -14.8% |
| Other operating charges | 640/8 | €813 | €578 | -€236 | -29.0% |
| Gross operating margin | 9900 | €38,549 | €43,069 | +€4,520 | +11.7% |
| Operating profit (loss) | 9901 | €35,623 | €40,690 | +€5,068 | +14.2% |
| Financial charges | 65/66B | €827 | €860 | +€33 | +4.0% |
| Recurring financial charges | 65 | €827 | €860 | +€33 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €34,795 | €39,830 | +€5,034 | +14.5% |
| Income taxes | 67/77 | €8,114 | €8,719 | +€605 | +7.5% |
| Profit (loss) for the period | 9904 | €26,681 | €31,110 | +€4,429 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,681 | €31,110 | +€4,429 | +16.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.