PVM MEDICAL: what changed
PVM MEDICAL
Largest movements
- Tangible fixed assets -€16,055
down €16,055 (-25.3%), from €63,414 to €47,359
of which Furniture and vehicles: -€10,921
- Intangible fixed assets -€16,000
down €16,000 (-17.6%), from €90,721 to €74,721
- Cash -€3,692
down €3,692 (-28.3%), from €13,042 to €9,350
mainly Debts after one year (-€36,146) and Other debts (-€18,556)
- Deferred charges and accrued income +€3,075
up €3,075 (+88.6%), from €3,470 to €6,545
- Debts after one year -€36,146
down €36,146 (-57.0%), from €63,363 to €27,216
- Profit (loss) carried forward +€21,381
up €21,381 (+248%), from €8,630 to €30,010
- Other debts -€18,556
down €18,556 (-38.5%), from €48,173 to €29,617
- Trade debts +€2,422
up €2,422 (+67.9%), from €3,565 to €5,987
- Gross operating margin +€9,157
up €9,157 (+16.6%), from €55,285 to €64,442
- Taxes +€2,603
up €2,603 (+66.3%), from €3,926 to €6,528
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,648 | €139,172 | -€31,475 | -18.4% |
| Fixed assets | 21/28 | €154,136 | €122,081 | -€32,055 | -20.8% |
| Intangible fixed assets | 21 | €90,721 | €74,721 | -€16,000 | -17.6% |
| Tangible fixed assets | 22/27 | €63,414 | €47,359 | -€16,055 | -25.3% |
| Furniture and vehicles | 24 | €37,808 | €26,887 | -€10,921 | -28.9% |
| Other tangible fixed assets | 26 | €25,606 | €20,473 | -€5,134 | -20.0% |
| Current assets | 29/58 | €16,512 | €17,092 | +€580 | +3.5% |
| Amounts receivable within one year | 40/41 | - | €1,197 | +€1,197 | |
| Trade receivables | 40 | - | €1,176 | +€1,176 | |
| Other amounts receivable | 41 | - | €21 | +€21 | |
| Cash at bank and in hand | 54/58 | €13,042 | €9,350 | -€3,692 | -28.3% |
| Deferred charges and accrued income | 490/1 | €3,470 | €6,545 | +€3,075 | +88.6% |
| Total equity and liabilities | 10/49 | €170,648 | €139,172 | -€31,475 | -18.4% |
| Equity | 10/15 | €13,630 | €35,010 | +€21,381 | +157% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,630 | €30,010 | +€21,381 | +248% |
| Amounts payable | 17/49 | €157,018 | €104,162 | -€52,856 | -33.7% |
| Amounts payable after more than one year | 17 | €63,363 | €27,216 | -€36,146 | -57.0% |
| Financial debts | 170/4 | €63,363 | €27,216 | -€36,146 | -57.0% |
| Amounts payable within one year | 42/48 | €92,965 | €75,278 | -€17,687 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €37,301 | €36,146 | -€1,155 | -3.1% |
| Trade debts | 44 | €3,565 | €5,987 | +€2,422 | +67.9% |
| Suppliers | 440/4 | €3,565 | €5,987 | +€2,422 | +67.9% |
| Taxes, remuneration and social security | 45 | €3,926 | €3,528 | -€397 | -10.1% |
| Taxes | 450/3 | €3,926 | €3,528 | -€397 | -10.1% |
| Other amounts payable | 47/48 | €48,173 | €29,617 | -€18,556 | -38.5% |
| Accrued charges and deferred income | 492/3 | €690 | €1,667 | +€977 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,142 | €34,583 | +€441 | +1.3% |
| Other operating charges | 640/8 | €514 | €522 | +€8 | +1.5% |
| Gross operating margin | 9900 | €55,285 | €64,442 | +€9,157 | +16.6% |
| Operating profit (loss) | 9901 | €20,629 | €29,337 | +€8,708 | +42.2% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €2,020 | €1,443 | -€577 | -28.6% |
| Recurring financial charges | 65 | €2,020 | €1,443 | -€577 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €18,609 | €27,909 | +€9,300 | +50.0% |
| Income taxes | 67/77 | €3,926 | €6,528 | +€2,603 | +66.3% |
| Profit (loss) for the period | 9904 | €14,683 | €21,381 | +€6,698 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,683 | €21,381 | +€6,698 | +45.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.