PVM DISTRIBUTION: 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.
PVM DISTRIBUTION
Largest movements
- Receivables within one year -€14,605
down €14,605 (-83.3%), from €17,531 to €2,926
of which Trade receivables: -€14,763
- Stocks and contracts -€1,556
down €1,556 (-4.5%), from €34,564 to €33,008
- Deferred charges and accrued income -€1,259
down €1,259 (-29.0%), from €4,345 to €3,087
- Profit (loss) carried forward -€10,509
down €10,509 (-8.5%), from -€124,280 to -€134,790
- Trade debts -€5,251
down €5,251 (-32.8%), from €16,012 to €10,760
- Debts after one year -€2,317
down €2,317 (-4.1%), from €56,297 to €53,980
- Short-term financial debts +€659
up €659 (+15.5%), from €4,251 to €4,911
- Gross operating margin +€4,600
up €4,600 (+30.5%), from -€15,059 to -€10,459
- Other operating charges -€418
down €418 (-30.8%), from €1,356 to €939
- Financial income -€412
down €412 (-9.0%), from €4,583 to €4,171
- Financial charges +€324
up €324 (+14.3%), from €2,263 to €2,587
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,725 | €42,846 | -€17,879 | -29.4% |
| Fixed assets | 21/28 | €4,282 | €3,825 | -€457 | -10.7% |
| Tangible fixed assets | 22/27 | €2,740 | €2,283 | -€457 | -16.7% |
| Land and buildings | 22 | €2,740 | €2,283 | -€457 | -16.7% |
| Financial fixed assets | 28 | €1,542 | €1,542 | = | 0.0% |
| Current assets | 29/58 | €56,444 | €39,021 | -€17,422 | -30.9% |
| Stocks and contracts in progress | 3 | €34,564 | €33,008 | -€1,556 | -4.5% |
| Stocks | 30/36 | €34,564 | €33,008 | -€1,556 | -4.5% |
| Amounts receivable within one year | 40/41 | €17,531 | €2,926 | -€14,605 | -83.3% |
| Trade receivables | 40 | €17,531 | €2,768 | -€14,763 | -84.2% |
| Other amounts receivable | 41 | - | €158 | +€158 | |
| Cash at bank and in hand | 54/58 | €4 | - | -€4 | |
| Deferred charges and accrued income | 490/1 | €4,345 | €3,087 | -€1,259 | -29.0% |
| Total equity and liabilities | 10/49 | €60,725 | €42,846 | -€17,879 | -29.4% |
| Equity | 10/15 | -€50,030 | -€60,540 | -€10,509 | -21.0% |
| Reserves | 13 | €74,250 | €74,250 | = | 0.0% |
| Distributable reserves | 133 | €74,250 | €74,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,280 | -€134,790 | -€10,509 | -8.5% |
| Amounts payable | 17/49 | €110,755 | €103,386 | -€7,370 | -6.7% |
| Amounts payable after more than one year | 17 | €56,297 | €53,980 | -€2,317 | -4.1% |
| Financial debts | 170/4 | €56,297 | €53,980 | -€2,317 | -4.1% |
| Amounts payable within one year | 42/48 | €52,692 | €48,152 | -€4,539 | -8.6% |
| Financial debts | 43 | €4,251 | €4,911 | +€659 | +15.5% |
| Credit institutions | 430/8 | €4,251 | €4,911 | +€659 | +15.5% |
| Trade debts | 44 | €16,012 | €10,760 | -€5,251 | -32.8% |
| Suppliers | 440/4 | €16,012 | €10,760 | -€5,251 | -32.8% |
| Advances received on contracts in progress | 46 | - | €138 | +€138 | |
| Taxes, remuneration and social security | 45 | €723 | €713 | -€10 | -1.4% |
| Taxes | 450/3 | €723 | €604 | -€119 | -16.4% |
| Remuneration and social security | 454/9 | - | €108 | +€108 | |
| Other amounts payable | 47/48 | €31,706 | €31,631 | -€75 | -0.2% |
| Accrued charges and deferred income | 492/3 | €1,767 | €1,253 | -€513 | -29.1% |
| Non-recurring operating income | 76A | €24 | - | -€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €564 | €457 | -€107 | -19.0% |
| Other operating charges | 640/8 | €1,356 | €939 | -€418 | -30.8% |
| Gross operating margin | 9900 | -€15,059 | -€10,459 | +€4,600 | +30.5% |
| Operating profit (loss) | 9901 | -€16,979 | -€11,855 | +€5,125 | +30.2% |
| Financial income | 75/76B | €4,583 | €4,171 | -€412 | -9.0% |
| Recurring financial income | 75 | €4,583 | €4,171 | -€412 | -9.0% |
| Financial charges | 65/66B | €2,263 | €2,587 | +€324 | +14.3% |
| Recurring financial charges | 65 | €2,263 | €2,587 | +€324 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,660 | -€10,271 | +€4,389 | +29.9% |
| Income taxes | 67/77 | €365 | €239 | -€126 | -34.6% |
| Profit (loss) for the period | 9904 | -€15,025 | -€10,509 | +€4,515 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,025 | -€10,509 | +€4,515 | +30.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.