PVL INVEST: what changed
What changed
PVL INVEST
NACE 46.160, Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
filed annual accounts (NBB)
Net result for the year
€407
2024 · €819-€413
Equity
€214,027
2024 · €213,620+€407
Cash
€6,873
2024 · -+€6,873
Balance sheet total
€603,781
2024 · €658,111-€54,329
Largest movements
Assets
- Tangible fixed assets -€54,433
down €54,433 (-9.8%), from €557,901 to €503,469
of which Land and buildings: -€46,313
- Stocks and contracts -€7,346
down €7,346 (-10.2%), from €72,282 to €64,937
- Cash +€6,873
new in 2025: €6,873
mainly Depreciation (+€54,433) and Other debts (+€14,370)
Equity and liabilities
- Debts after one year -€82,325
down €82,325 (-31.7%), from €259,701 to €177,377
- Other debts +€14,370
new in 2025: €14,370
- Trade debts +€8,651
up €8,651 (+13.6%), from €63,701 to €72,352
Income statement
- Gross operating margin -€38,431
down €38,431 (-24.4%), from €157,629 to €119,197
- Staff costs -€16,266
down €16,266 (-27.9%), from €58,297 to €42,031
- Depreciation -€9,804
down €9,804 (-15.3%), from €64,237 to €54,433
- Other operating charges -€6,354
down €6,354 (-50.7%), from €12,534 to €6,179
- Financial charges -€4,781
down €4,781 (-21.5%), from €22,190 to €17,409
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€819
Gross operating margin
-€38,431
Staff costs
+€16,266
Depreciation
+€9,804
Other operating charges
+€6,354
Financial income
+€401
Financial charges
+€4,781
Taxes
+€413
Result 2025
€407
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€94,907
Investment
€0
Financing
-€88,033
Cash 2024
€0
From operations (derived)
+€94,907
Net result for the year
+€407
Depreciation
+€54,433
Stocks and contracts
+€7,346
Receivables within one year
+€3,769
Deferred charges and accrued income
-€4,345
Trade debts
+€8,651
Tax, wage and social debts
+€4,426
Other debts
+€14,370
Accrued charges and deferred income
+€5,850
Financing
-€88,033
Debts after one year
-€82,325
Current portion of long-term debt
-€2,844
Short-term financial debts
-€2,865
Cash 2025
€6,873
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €658,111 | €603,781 | -€54,329 | -8.3% |
| Fixed assets | 21/28 | €557,901 | €503,469 | -€54,433 | -9.8% |
| Tangible fixed assets | 22/27 | €557,901 | €503,469 | -€54,433 | -9.8% |
| Land and buildings | 22 | €483,049 | €436,735 | -€46,313 | -9.6% |
| Plant, machinery and equipment | 23 | €2,362 | €1,378 | -€984 | -41.7% |
| Furniture and vehicles | 24 | €72,491 | €65,356 | -€7,135 | -9.8% |
| Current assets | 29/58 | €100,209 | €100,313 | +€104 | +0.1% |
| Stocks and contracts in progress | 3 | €72,282 | €64,937 | -€7,346 | -10.2% |
| Stocks | 30/36 | €72,282 | €64,937 | -€7,346 | -10.2% |
| Amounts receivable within one year | 40/41 | €20,775 | €17,006 | -€3,769 | -18.1% |
| Trade receivables | 40 | €8,373 | €476 | -€7,898 | -94.3% |
| Other amounts receivable | 41 | €12,401 | €16,531 | +€4,129 | +33.3% |
| Cash at bank and in hand | 54/58 | - | €6,873 | +€6,873 | |
| Deferred charges and accrued income | 490/1 | €7,152 | €11,497 | +€4,345 | +60.7% |
| Total equity and liabilities | 10/49 | €658,111 | €603,781 | -€54,329 | -8.3% |
| Equity | 10/15 | €213,620 | €214,027 | +€407 | +0.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €151,794 | €151,794 | = | 0.0% |
| Distributable reserves | 133 | €151,794 | €151,794 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,826 | €12,233 | +€407 | +3.4% |
| Amounts payable | 17/49 | €444,490 | €389,754 | -€54,736 | -12.3% |
| Amounts payable after more than one year | 17 | €259,701 | €177,377 | -€82,325 | -31.7% |
| Financial debts | 170/4 | €259,701 | €177,377 | -€82,325 | -31.7% |
| Amounts payable within one year | 42/48 | €168,548 | €190,286 | +€21,738 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €85,238 | €82,394 | -€2,844 | -3.3% |
| Financial debts | 43 | €7,336 | €4,471 | -€2,865 | -39.1% |
| Credit institutions | 430/8 | €7,336 | €4,471 | -€2,865 | -39.1% |
| Trade debts | 44 | €63,701 | €72,352 | +€8,651 | +13.6% |
| Suppliers | 440/4 | €63,701 | €72,352 | +€8,651 | +13.6% |
| Taxes, remuneration and social security | 45 | €12,273 | €16,700 | +€4,426 | +36.1% |
| Taxes | 450/3 | €8,962 | €12,971 | +€4,009 | +44.7% |
| Remuneration and social security | 454/9 | €3,311 | €3,729 | +€417 | +12.6% |
| Other amounts payable | 47/48 | - | €14,370 | +€14,370 | |
| Accrued charges and deferred income | 492/3 | €16,241 | €22,091 | +€5,850 | +36.0% |
| Remuneration, social security and pensions | 62 | €58,297 | €42,031 | -€16,266 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,237 | €54,433 | -€9,804 | -15.3% |
| Other operating charges | 640/8 | €12,534 | €6,179 | -€6,354 | -50.7% |
| Gross operating margin | 9900 | €157,629 | €119,197 | -€38,431 | -24.4% |
| Operating profit (loss) | 9901 | €22,561 | €16,554 | -€6,007 | -26.6% |
| Financial income | 75/76B | €861 | €1,262 | +€401 | +46.6% |
| Recurring financial income | 75 | €861 | €1,262 | +€401 | +46.6% |
| Financial charges | 65/66B | €22,190 | €17,409 | -€4,781 | -21.5% |
| Recurring financial charges | 65 | €22,190 | €17,409 | -€4,781 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €1,232 | €407 | -€825 | -67.0% |
| Income taxes | 67/77 | €413 | €0 | -€413 | -100.0% |
| Profit (loss) for the period | 9904 | €819 | €407 | -€413 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €819 | €407 | -€413 | -50.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.