PVM Management Group: 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 Management Group
Largest movements
- Cash -€70,361
down €70,361 (-64.2%), from €109,540 to €39,179
mainly Debts after one year (-€100,071) and Receivables within one year (-€67,082)
- Receivables within one year +€67,082
up €67,082 (+81,017%), from €83 to €67,165
of which Other amounts receivable: +€37,082
- Debts after one year -€100,071
down €100,071 (-58.5%), from €171,193 to €71,122
- Profit (loss) carried forward +€78,219
up €78,219 (+44.5%), from -€175,852 to -€97,633
- Tax, wage and social debts +€17,309
up €17,309 (+626%), from €2,764 to €20,073
of which Taxes: +€17,081
- Taxes +€18,113
up €18,113 (+181%), from €10,003 to €28,116
- Gross operating margin +€13,174
up €13,174 (+14.0%), from €94,260 to €107,434
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 | €114,195 | €109,934 | -€4,260 | -3.7% |
| Fixed assets | 21/28 | €4,572 | €3,591 | -€981 | -21.5% |
| Tangible fixed assets | 22/27 | €4,572 | €3,591 | -€981 | -21.5% |
| Furniture and vehicles | 24 | €4,572 | €3,591 | -€981 | -21.5% |
| Current assets | 29/58 | €109,623 | €106,344 | -€3,279 | -3.0% |
| Amounts receivable within one year | 40/41 | €83 | €67,165 | +€67,082 | +81,017% |
| Trade receivables | 40 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 41 | €83 | €37,165 | +€37,082 | +44,785% |
| Cash at bank and in hand | 54/58 | €109,540 | €39,179 | -€70,361 | -64.2% |
| Total equity and liabilities | 10/49 | €114,195 | €109,934 | -€4,260 | -3.7% |
| Equity | 10/15 | -€95,287 | -€17,068 | +€78,219 | +82.1% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Capital | 10 | €80,565 | €80,565 | = | 0.0% |
| Issued capital | 100 | €80,565 | €80,565 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,852 | -€97,633 | +€78,219 | +44.5% |
| Amounts payable | 17/49 | €209,482 | €127,002 | -€82,479 | -39.4% |
| Amounts payable after more than one year | 17 | €171,193 | €71,122 | -€100,071 | -58.5% |
| Other amounts payable | 178/9 | €171,193 | €71,122 | -€100,071 | -58.5% |
| Amounts payable within one year | 42/48 | €38,289 | €55,881 | +€17,592 | +45.9% |
| Trade debts | 44 | €1,031 | €572 | -€459 | -44.5% |
| Suppliers | 440/4 | €1,031 | €572 | -€459 | -44.5% |
| Taxes, remuneration and social security | 45 | €2,764 | €20,073 | +€17,309 | +626% |
| Taxes | 450/3 | €1,035 | €18,116 | +€17,081 | +1,650% |
| Remuneration and social security | 454/9 | €1,728 | €1,956 | +€228 | +13.2% |
| Other amounts payable | 47/48 | €34,494 | €35,236 | +€742 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333 | €981 | +€648 | +194% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €94,260 | €107,434 | +€13,174 | +14.0% |
| Operating profit (loss) | 9901 | €93,413 | €105,925 | +€12,512 | +13.4% |
| Financial income | 75/76B | - | €876 | +€876 | |
| Recurring financial income | 75 | - | €876 | +€876 | |
| Financial charges | 65/66B | €301 | €466 | +€164 | +54.5% |
| Recurring financial charges | 65 | €301 | €466 | +€164 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €93,112 | €106,335 | +€13,224 | +14.2% |
| Income taxes | 67/77 | €10,003 | €28,116 | +€18,113 | +181% |
| Profit (loss) for the period | 9904 | €83,109 | €78,219 | -€4,890 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,109 | €78,219 | -€4,890 | -5.9% |
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 17 October 2026 via checked.be.