PVL Immo: 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.
PVL Immo
Largest movements
- Receivables within one year +€76,216
up €76,216 (+40.8%), from €186,821 to €263,037
- Stocks and contracts -€37,932
down €37,932 (-35.6%), from €106,476 to €68,544
- Cash -€7,318
down €7,318 (-34.9%), from €20,965 to €13,646
mainly Receivables within one year (-€76,216) and Short-term financial debts (-€1,832)
- Reserves +€32,398
up €32,398 (+105.3%), from €30,762 to €63,160
- Gross operating margin +€13,277
up €13,277 (+57.9%), from €22,942 to €36,219
- Taxes +€3,681
up €3,681 (+51.7%), from €7,118 to €10,799
- Financial income +€1,301
up €1,301 (+20.4%), from €6,389 to €7,690
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 | €314,262 | €345,227 | +€30,966 | +9.9% |
| Current assets | 29/58 | €314,262 | €345,227 | +€30,966 | +9.9% |
| Stocks and contracts in progress | 3 | €106,476 | €68,544 | -€37,932 | -35.6% |
| Stocks | 30/36 | €106,476 | €68,544 | -€37,932 | -35.6% |
| Amounts receivable within one year | 40/41 | €186,821 | €263,037 | +€76,216 | +40.8% |
| Other amounts receivable | 41 | €186,821 | €263,037 | +€76,216 | +40.8% |
| Cash at bank and in hand | 54/58 | €20,965 | €13,646 | -€7,318 | -34.9% |
| Total equity and liabilities | 10/49 | €314,262 | €345,227 | +€30,966 | +9.9% |
| Equity | 10/15 | €305,762 | €338,160 | +€32,398 | +10.6% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Reserves | 13 | €30,762 | €63,160 | +€32,398 | +105.3% |
| Distributable reserves | 133 | €30,762 | €63,160 | +€32,398 | +105.3% |
| Amounts payable | 17/49 | €8,500 | €7,067 | -€1,433 | -16.9% |
| Amounts payable within one year | 42/48 | €8,500 | €7,067 | -€1,433 | -16.9% |
| Financial debts | 43 | €7,000 | €5,168 | -€1,832 | -26.2% |
| Credit institutions | 430/8 | €7,000 | €5,168 | -€1,832 | -26.2% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Other amounts payable | 47/48 | €1,500 | €1,500 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €22,942 | €36,219 | +€13,277 | +57.9% |
| Operating profit (loss) | 9901 | €22,436 | €35,699 | +€13,263 | +59.1% |
| Financial income | 75/76B | €6,389 | €7,690 | +€1,301 | +20.4% |
| Recurring financial income | 75 | €6,389 | €7,690 | +€1,301 | +20.4% |
| Financial charges | 65/66B | €352 | €192 | -€160 | -45.5% |
| Recurring financial charges | 65 | €352 | €192 | -€160 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €28,473 | €43,197 | +€14,724 | +51.7% |
| Income taxes | 67/77 | €7,118 | €10,799 | +€3,681 | +51.7% |
| Profit (loss) for the period | 9904 | €21,355 | €32,398 | +€11,043 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,355 | €32,398 | +€11,043 | +51.7% |
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 4 October 2026 via checked.be.