PVM CO: 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 CO
Largest movements
- Receivables within one year +€67,630
up €67,630 (+168.6%), from €40,105 to €107,735
of which Trade receivables: +€68,180
- Cash +€15,177
up €15,177 (+26.7%), from €56,834 to €72,012
mainly Net result for the year (+€119,333) and Other debts (+€57,300)
- Tangible fixed assets -€5,794
down €5,794 (-23.5%), from €24,671 to €18,877
of which Furniture and vehicles: -€4,578
- Other debts +€57,300
up €57,300 (+83.0%), from €69,000 to €126,300
- Accrued charges and deferred income +€14,699
up €14,699 (+368.0%), from €3,995 to €18,694
- Tax, wage and social debts +€7,826
up €7,826 (+33.7%), from €23,212 to €31,037
of which Taxes: +€5,749
- Gross operating margin +€64,772
up €64,772 (+65.2%), from €99,293 to €164,064
- Taxes +€16,053
up €16,053 (+82.1%), from €19,556 to €35,609
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 | €123,921 | €202,046 | +€78,125 | +63.0% |
| Fixed assets | 21/28 | €24,671 | €18,877 | -€5,794 | -23.5% |
| Tangible fixed assets | 22/27 | €24,671 | €18,877 | -€5,794 | -23.5% |
| Land and buildings | 22 | €4,099 | €3,335 | -€764 | -18.6% |
| Plant, machinery and equipment | 23 | €1,171 | €895 | -€276 | -23.6% |
| Furniture and vehicles | 24 | €14,544 | €9,966 | -€4,578 | -31.5% |
| Other tangible fixed assets | 26 | €4,856 | €4,680 | -€176 | -3.6% |
| Current assets | 29/58 | €99,250 | €183,170 | +€83,919 | +84.6% |
| Amounts receivable within one year | 40/41 | €40,105 | €107,735 | +€67,630 | +168.6% |
| Trade receivables | 40 | €20,923 | €89,103 | +€68,180 | +325.9% |
| Other amounts receivable | 41 | €19,182 | €18,632 | -€550 | -2.9% |
| Cash at bank and in hand | 54/58 | €56,834 | €72,012 | +€15,177 | +26.7% |
| Deferred charges and accrued income | 490/1 | €2,311 | €3,423 | +€1,112 | +48.1% |
| Total equity and liabilities | 10/49 | €123,921 | €202,046 | +€78,125 | +63.0% |
| Equity | 10/15 | €24,776 | €24,109 | -€667 | -2.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €776 | €109 | -€667 | -86.0% |
| Amounts payable | 17/49 | €99,145 | €177,937 | +€78,792 | +79.5% |
| Amounts payable within one year | 42/48 | €95,151 | €159,244 | +€64,093 | +67.4% |
| Trade debts | 44 | €2,939 | €1,906 | -€1,033 | -35.1% |
| Suppliers | 440/4 | €2,939 | €1,906 | -€1,033 | -35.1% |
| Taxes, remuneration and social security | 45 | €23,212 | €31,037 | +€7,826 | +33.7% |
| Taxes | 450/3 | €22,156 | €27,904 | +€5,749 | +25.9% |
| Remuneration and social security | 454/9 | €1,056 | €3,133 | +€2,077 | +196.7% |
| Other amounts payable | 47/48 | €69,000 | €126,300 | +€57,300 | +83.0% |
| Accrued charges and deferred income | 492/3 | €3,995 | €18,694 | +€14,699 | +368.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,496 | €6,744 | +€247 | +3.8% |
| Other operating charges | 640/8 | €830 | €726 | -€104 | -12.5% |
| Gross operating margin | 9900 | €99,293 | €164,064 | +€64,772 | +65.2% |
| Operating profit (loss) | 9901 | €91,967 | €156,595 | +€64,628 | +70.3% |
| Financial income | 75/76B | €614 | €965 | +€352 | +57.3% |
| Recurring financial income | 75 | €614 | €965 | +€352 | +57.3% |
| Financial charges | 65/66B | €3,612 | €2,618 | -€994 | -27.5% |
| Recurring financial charges | 65 | €3,612 | €2,618 | -€994 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €88,969 | €154,943 | +€65,974 | +74.2% |
| Income taxes | 67/77 | €19,556 | €35,609 | +€16,053 | +82.1% |
| Profit (loss) for the period | 9904 | €69,413 | €119,333 | +€49,920 | +71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,413 | €119,333 | +€49,920 | +71.9% |
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 12 October 2026 via checked.be.