PVJ: 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.
PVJ
Largest movements
- Deferred charges and accrued income -€56,719
down €56,719 (-96.0%), from €59,090 to €2,371
- Stocks and contracts -€21,358
down €21,358 (-5.4%), from €397,925 to €376,567
- Receivables within one year +€12,511
up €12,511 (+81.2%), from €15,406 to €27,917
of which Trade receivables: +€11,061
- Trade debts -€69,934
down €69,934 (-8.6%), from €817,116 to €747,182
- Profit (loss) carried forward +€28,297
up €28,297 (+6.9%), from -€411,493 to -€383,196
- Tax, wage and social debts -€23,546
down €23,546 (-17.8%), from €132,447 to €108,901
of which Remuneration and social security: -€25,047
- Turnover +€11.3m
new in 2025: €11.3m
- Purchases and services +€10.7m
new in 2025: €10.7m
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 | €545,839 | €479,187 | -€66,652 | -12.2% |
| Fixed assets | 21/28 | €710 | €910 | +€200 | +28.2% |
| Financial fixed assets | 28 | €710 | €910 | +€200 | +28.2% |
| Current assets | 29/58 | €545,129 | €478,277 | -€66,852 | -12.3% |
| Stocks and contracts in progress | 3 | €397,925 | €376,567 | -€21,358 | -5.4% |
| Stocks | 30/36 | €397,925 | €376,567 | -€21,358 | -5.4% |
| Amounts receivable within one year | 40/41 | €15,406 | €27,917 | +€12,511 | +81.2% |
| Trade receivables | 40 | €12,322 | €23,383 | +€11,061 | +89.8% |
| Other amounts receivable | 41 | €3,084 | €4,534 | +€1,450 | +47.0% |
| Cash at bank and in hand | 54/58 | €72,708 | €71,422 | -€1,286 | -1.8% |
| Deferred charges and accrued income | 490/1 | €59,090 | €2,371 | -€56,719 | -96.0% |
| Total equity and liabilities | 10/49 | €545,839 | €479,187 | -€66,652 | -12.2% |
| Equity | 10/15 | -€405,193 | -€376,896 | +€28,297 | +7.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€411,493 | -€383,196 | +€28,297 | +6.9% |
| Amounts payable | 17/49 | €951,032 | €856,083 | -€94,949 | -10.0% |
| Amounts payable within one year | 42/48 | €951,032 | €856,083 | -€94,949 | -10.0% |
| Trade debts | 44 | €817,116 | €747,182 | -€69,934 | -8.6% |
| Suppliers | 440/4 | €817,116 | €747,182 | -€69,934 | -8.6% |
| Taxes, remuneration and social security | 45 | €132,447 | €108,901 | -€23,546 | -17.8% |
| Taxes | 450/3 | €5,756 | €7,257 | +€1,501 | +26.1% |
| Remuneration and social security | 454/9 | €126,691 | €101,644 | -€25,047 | -19.8% |
| Other amounts payable | 47/48 | €1,469 | - | -€1,469 | |
| Turnover | 70 | - | €11,324,056 | +€11.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €10,692,142 | +€10.7m | |
| Remuneration, social security and pensions | 62 | €759,903 | €749,361 | -€10,542 | -1.4% |
| Other operating charges | 640/8 | €13,899 | €77,166 | +€63,267 | +455% |
| Gross operating margin | 9900 | €878,576 | €860,459 | -€18,117 | -2.1% |
| Operating profit (loss) | 9901 | €104,774 | €33,932 | -€70,842 | -67.6% |
| Financial income | 75/76B | €23 | €70 | +€47 | +204% |
| Recurring financial income | 75 | €23 | €70 | +€47 | +204% |
| Financial charges | 65/66B | €7,697 | €5,399 | -€2,298 | -29.9% |
| Recurring financial charges | 65 | €7,697 | €5,399 | -€2,298 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €97,100 | €28,603 | -€68,497 | -70.5% |
| Income taxes | 67/77 | €306 | €306 | = | 0.0% |
| Profit (loss) for the period | 9904 | €96,794 | €28,297 | -€68,497 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €96,794 | €28,297 | -€68,497 | -70.8% |
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 14 October 2026 via checked.be.