PVL Services: 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 Services
Largest movements
- Receivables after one year -€15,000
down €15,000 (-18.5%), from €81,000 to €66,000
- Tangible fixed assets -€12,014
down €12,014 (-26.5%), from €45,307 to €33,294
- Cash +€10,310
up €10,310 (+12.5%), from €82,335 to €92,645
mainly Net result for the year (+€35,621) and Receivables after one year (+€15,000)
- Receivables within one year +€9,500
up €9,500 (+22.6%), from €42,069 to €51,569
of which Other amounts receivable: +€10,105
- Debts after one year -€11,639
down €11,639 (-37.7%), from €30,907 to €19,267
- Reserves +€4,168
up €4,168 (+2.0%), from €207,732 to €211,900
- Gross operating margin +€3,486
up €3,486 (+6.1%), from €57,534 to €61,020
- Taxes +€1,197
up €1,197 (+9.5%), from €12,628 to €13,825
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 | €257,809 | €250,877 | -€6,932 | -2.7% |
| Fixed assets | 21/28 | €45,307 | €33,294 | -€12,014 | -26.5% |
| Tangible fixed assets | 22/27 | €45,307 | €33,294 | -€12,014 | -26.5% |
| Furniture and vehicles | 24 | €45,307 | €33,294 | -€12,014 | -26.5% |
| Current assets | 29/58 | €212,502 | €217,584 | +€5,082 | +2.4% |
| Amounts receivable after more than one year | 29 | €81,000 | €66,000 | -€15,000 | -18.5% |
| Other amounts receivable | 291 | €81,000 | €66,000 | -€15,000 | -18.5% |
| Amounts receivable within one year | 40/41 | €42,069 | €51,569 | +€9,500 | +22.6% |
| Trade receivables | 40 | €16,940 | €16,335 | -€605 | -3.6% |
| Other amounts receivable | 41 | €25,129 | €35,234 | +€10,105 | +40.2% |
| Cash at bank and in hand | 54/58 | €82,335 | €92,645 | +€10,310 | +12.5% |
| Deferred charges and accrued income | 490/1 | €7,098 | €7,370 | +€272 | +3.8% |
| Total equity and liabilities | 10/49 | €257,809 | €250,877 | -€6,932 | -2.7% |
| Equity | 10/15 | €208,732 | €212,900 | +€4,168 | +2.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €207,732 | €211,900 | +€4,168 | +2.0% |
| Distributable reserves | 133 | €207,732 | €211,900 | +€4,168 | +2.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,077 | €37,977 | -€11,100 | -22.6% |
| Amounts payable after more than one year | 17 | €30,907 | €19,267 | -€11,639 | -37.7% |
| Financial debts | 170/4 | €30,907 | €19,267 | -€11,639 | -37.7% |
| Amounts payable within one year | 42/48 | €18,171 | €18,710 | +€540 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €11,246 | €11,639 | +€393 | +3.5% |
| Trade debts | 44 | €2,284 | €471 | -€1,813 | -79.4% |
| Suppliers | 440/4 | €2,284 | €471 | -€1,813 | -79.4% |
| Taxes, remuneration and social security | 45 | €4,641 | €6,600 | +€1,960 | +42.2% |
| Taxes | 450/3 | €4,641 | €6,600 | +€1,960 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,944 | €13,657 | -€286 | -2.1% |
| Other operating charges | 640/8 | €423 | €300 | -€123 | -29.1% |
| Gross operating margin | 9900 | €57,534 | €61,020 | +€3,486 | +6.1% |
| Operating profit (loss) | 9901 | €43,168 | €47,063 | +€3,895 | +9.0% |
| Financial income | 75/76B | €3,562 | €3,873 | +€311 | +8.7% |
| Recurring financial income | 75 | €3,562 | €3,873 | +€311 | +8.7% |
| Financial charges | 65/66B | €1,784 | €1,490 | -€293 | -16.5% |
| Recurring financial charges | 65 | €1,784 | €1,490 | -€293 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €44,946 | €49,445 | +€4,500 | +10.0% |
| Income taxes | 67/77 | €12,628 | €13,825 | +€1,197 | +9.5% |
| Profit (loss) for the period | 9904 | €32,318 | €35,621 | +€3,303 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,318 | €35,621 | +€3,303 | +10.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.