PVIA: 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.
PVIA
Largest movements
- Cash +€41,088
up €41,088 (+185%), from €22,199 to €63,288
mainly Net result for the year (+€41,880) and Receivables within one year (+€18,496)
- Receivables within one year -€18,496
down €18,496 (-45.7%), from €40,443 to €21,947
of which Trade receivables: -€13,843
- Tangible fixed assets -€13,702
down €13,702 (-32.8%), from €41,730 to €28,027
- Deferred charges and accrued income -€1,888
down €1,888 (-32.6%), from €5,783 to €3,895
- Trade debts +€8,907
up €8,907 (+111%), from €8,039 to €16,947
- Reserves -€8,120
down €8,120 (-7.6%), from €106,746 to €98,627
- Tax, wage and social debts +€4,599
up €4,599 (+73.7%), from €6,239 to €10,838
of which Taxes: +€4,599
- Other debts +€1,837
up €1,837, from €0 to €1,837
- Gross operating margin +€42,843
up €42,843 (+145%), from €29,451 to €72,294
- Taxes +€10,659
up €10,659 (+190%), from €5,609 to €16,267
- Depreciation +€778
up €778 (+6.0%), from €12,924 to €13,702
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.
Derived cash bridge
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 | €133,954 | €140,957 | +€7,002 | +5.2% |
| Fixed assets | 21/28 | €51,230 | €37,527 | -€13,702 | -26.7% |
| Tangible fixed assets | 22/27 | €41,730 | €28,027 | -€13,702 | -32.8% |
| Plant, machinery and equipment | 23 | €5,342 | €2,053 | -€3,289 | -61.6% |
| Furniture and vehicles | 24 | €26,280 | €20,404 | -€5,876 | -22.4% |
| Other tangible fixed assets | 26 | €10,108 | €5,570 | -€4,538 | -44.9% |
| Financial fixed assets | 28 | €9,500 | €9,500 | = | 0.0% |
| Current assets | 29/58 | €82,725 | €103,429 | +€20,705 | +25.0% |
| Stocks and contracts in progress | 3 | €14,300 | €14,300 | = | 0.0% |
| Stocks | 30/36 | €14,300 | €14,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,443 | €21,947 | -€18,496 | -45.7% |
| Trade receivables | 40 | €30,445 | €16,602 | -€13,843 | -45.5% |
| Other amounts receivable | 41 | €9,998 | €5,345 | -€4,653 | -46.5% |
| Cash at bank and in hand | 54/58 | €22,199 | €63,288 | +€41,088 | +185% |
| Deferred charges and accrued income | 490/1 | €5,783 | €3,895 | -€1,888 | -32.6% |
| Total equity and liabilities | 10/49 | €133,954 | €140,957 | +€7,002 | +5.2% |
| Equity | 10/15 | €119,146 | €111,027 | -€8,120 | -6.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €106,746 | €98,627 | -€8,120 | -7.6% |
| Distributable reserves | 133 | €106,746 | €98,627 | -€8,120 | -7.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,808 | €29,930 | +€15,122 | +102% |
| Amounts payable within one year | 42/48 | €14,788 | €29,910 | +€15,122 | +102% |
| Financial debts | 43 | €510 | €289 | -€221 | -43.4% |
| Credit institutions | 430/8 | €510 | €289 | -€221 | -43.4% |
| Trade debts | 44 | €8,039 | €16,947 | +€8,907 | +111% |
| Suppliers | 440/4 | €8,039 | €16,947 | +€8,907 | +111% |
| Taxes, remuneration and social security | 45 | €6,239 | €10,838 | +€4,599 | +73.7% |
| Taxes | 450/3 | €4,469 | €9,068 | +€4,599 | +103% |
| Remuneration and social security | 454/9 | €1,770 | €1,770 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €1,837 | +€1,837 | |
| Accrued charges and deferred income | 492/3 | €20 | €20 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,924 | €13,702 | +€778 | +6.0% |
| Other operating charges | 640/8 | €513 | €536 | +€22 | +4.4% |
| Non-recurring operating charges | 66A | €662 | €0 | -€662 | -100% |
| Gross operating margin | 9900 | €29,451 | €72,294 | +€42,843 | +145% |
| Operating profit (loss) | 9901 | €15,351 | €58,056 | +€42,705 | +278% |
| Financial income | 75/76B | €151 | €192 | +€41 | +26.9% |
| Recurring financial income | 75 | €151 | €192 | +€41 | +26.9% |
| Financial charges | 65/66B | €275 | €100 | -€174 | -63.4% |
| Recurring financial charges | 65 | €275 | €100 | -€174 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | €15,228 | €58,148 | +€42,920 | +282% |
| Income taxes | 67/77 | €5,609 | €16,267 | +€10,659 | +190% |
| Profit (loss) for the period | 9904 | €9,619 | €41,880 | +€32,261 | +335% |
| Profit (loss) for the period to be appropriated | 9905 | €9,619 | €41,880 | +€32,261 | +335% |
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 15 October 2026 via checked.be.