PVM AGENCIES: 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.
PVM AGENCIES
Largest movements
- Cash +€9,896
up €9,896 (+30.2%), from €32,820 to €42,716
mainly Other debts (+€7,773) and Net result for the year (+€6,194)
- Receivables within one year -€2,500
down €2,500 (-8.2%), from €30,527 to €28,027
of which Trade receivables: -€2,486
- Other debts +€7,773
up €7,773 (+32.8%), from €23,715 to €31,488
- Reserves +€6,194
up €6,194 (+34.6%), from €17,879 to €24,073
- Tax, wage and social debts -€4,993
down €4,993 (-34.4%), from €14,534 to €9,541
of which Remuneration and social security: -€3,000
- Trade debts -€1,578
down €1,578 (-71.1%), from €2,219 to €641
- Gross operating margin -€4,052
down €4,052 (-28.9%), from €14,022 to €9,970
- Taxes -€1,244
down €1,244 (-25.9%), from €4,796 to €3,552
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 | €63,347 | €70,743 | +€7,396 | +11.7% |
| Current assets | 29/58 | €63,347 | €70,743 | +€7,396 | +11.7% |
| Amounts receivable within one year | 40/41 | €30,527 | €28,027 | -€2,500 | -8.2% |
| Trade receivables | 40 | €30,513 | €28,027 | -€2,486 | -8.1% |
| Other amounts receivable | 41 | €14 | €0 | -€14 | -100% |
| Cash at bank and in hand | 54/58 | €32,820 | €42,716 | +€9,896 | +30.2% |
| Total equity and liabilities | 10/49 | €63,347 | €70,743 | +€7,396 | +11.7% |
| Equity | 10/15 | €22,879 | €29,073 | +€6,194 | +27.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,879 | €24,073 | +€6,194 | +34.6% |
| Distributable reserves | 133 | €17,879 | €24,073 | +€6,194 | +34.6% |
| Amounts payable | 17/49 | €40,468 | €41,670 | +€1,202 | +3.0% |
| Amounts payable within one year | 42/48 | €40,468 | €41,670 | +€1,202 | +3.0% |
| Trade debts | 44 | €2,219 | €641 | -€1,578 | -71.1% |
| Suppliers | 440/4 | €2,219 | €641 | -€1,578 | -71.1% |
| Taxes, remuneration and social security | 45 | €14,534 | €9,541 | -€4,993 | -34.4% |
| Taxes | 450/3 | €6,297 | €4,304 | -€1,993 | -31.6% |
| Remuneration and social security | 454/9 | €8,237 | €5,237 | -€3,000 | -36.4% |
| Other amounts payable | 47/48 | €23,715 | €31,488 | +€7,773 | +32.8% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €14,022 | €9,970 | -€4,052 | -28.9% |
| Operating profit (loss) | 9901 | €13,896 | €9,842 | -€4,054 | -29.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €108 | €96 | -€12 | -11.2% |
| Recurring financial charges | 65 | €108 | €96 | -€12 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €13,789 | €9,746 | -€4,043 | -29.3% |
| Income taxes | 67/77 | €4,796 | €3,552 | -€1,244 | -25.9% |
| Profit (loss) for the period | 9904 | €8,993 | €6,194 | -€2,799 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,993 | €6,194 | -€2,799 | -31.1% |
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.