PVM SOLUTIONS: 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 SOLUTIONS
Largest movements
- Tangible fixed assets +€17,680
new in 2025: €17,680
- Receivables within one year +€9,324
up €9,324 (+58.6%), from €15,919 to €25,244
of which Trade receivables: +€4,882
- Cash -€3,785
down €3,785 (-59.7%), from €6,337 to €2,552
mainly Investment in fixed assets (net) (-€18,250) and Receivables within one year (-€9,324)
- Debts after one year +€16,376
new in 2025: €16,376
- Reserves +€4,830
up €4,830 (+41.5%), from €11,644 to €16,474
- Current portion of long-term debt +€2,215
new in 2025: €2,215
- Trade debts +€1,184
up €1,184 (+55.4%), from €2,136 to €3,320
- Tax, wage and social debts -€1,104
down €1,104 (-18.5%), from €5,955 to €4,851
- Gross operating margin -€7,029
down €7,029 (-41.3%), from €17,031 to €10,002
- Taxes -€1,364
down €1,364 (-30.6%), from €4,455 to €3,092
- Financial charges +€1,056
up €1,056 (+849.7%), from €124 to €1,180
- Other operating charges -€660
down €660 (-82.9%), from €797 to €137
- Depreciation +€570
new in 2025: €570
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 | €22,516 | €45,736 | +€23,219 | +103.1% |
| Fixed assets | 21/28 | - | €17,680 | +€17,680 | |
| Tangible fixed assets | 22/27 | - | €17,680 | +€17,680 | |
| Furniture and vehicles | 24 | - | €17,680 | +€17,680 | |
| Current assets | 29/58 | €22,516 | €28,056 | +€5,539 | +24.6% |
| Amounts receivable within one year | 40/41 | €15,919 | €25,244 | +€9,324 | +58.6% |
| Trade receivables | 40 | €14,975 | €19,857 | +€4,882 | +32.6% |
| Other amounts receivable | 41 | €944 | €5,386 | +€4,442 | +470.3% |
| Cash at bank and in hand | 54/58 | €6,337 | €2,552 | -€3,785 | -59.7% |
| Deferred charges and accrued income | 490/1 | €260 | €260 | = | 0.0% |
| Total equity and liabilities | 10/49 | €22,516 | €45,736 | +€23,219 | +103.1% |
| Equity | 10/15 | €14,144 | €18,974 | +€4,830 | +34.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €11,644 | €16,474 | +€4,830 | +41.5% |
| Distributable reserves | 133 | €11,644 | €16,474 | +€4,830 | +41.5% |
| Amounts payable | 17/49 | €8,372 | €26,762 | +€18,390 | +219.7% |
| Amounts payable after more than one year | 17 | - | €16,376 | +€16,376 | |
| Financial debts | 170/4 | - | €16,376 | +€16,376 | |
| Amounts payable within one year | 42/48 | €8,372 | €10,386 | +€2,014 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,215 | +€2,215 | |
| Trade debts | 44 | €2,136 | €3,320 | +€1,184 | +55.4% |
| Suppliers | 440/4 | €2,136 | €3,320 | +€1,184 | +55.4% |
| Taxes, remuneration and social security | 45 | €5,955 | €4,851 | -€1,104 | -18.5% |
| Taxes | 450/3 | €5,955 | €4,851 | -€1,104 | -18.5% |
| Other amounts payable | 47/48 | €281 | - | -€281 | |
| Remuneration, social security and pensions | 62 | €16 | €198 | +€183 | +1170.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €570 | +€570 | |
| Other operating charges | 640/8 | €797 | €137 | -€660 | -82.9% |
| Gross operating margin | 9900 | €17,031 | €10,002 | -€7,029 | -41.3% |
| Operating profit (loss) | 9901 | €16,218 | €9,097 | -€7,122 | -43.9% |
| Financial income | 75/76B | €5 | €5 | -€1 | -12.3% |
| Recurring financial income | 75 | €5 | €5 | -€1 | -12.3% |
| Financial charges | 65/66B | €124 | €1,180 | +€1,056 | +849.7% |
| Recurring financial charges | 65 | €124 | €1,180 | +€1,056 | +849.7% |
| Profit (loss) for the period before taxes | 9903 | €16,100 | €7,921 | -€8,178 | -50.8% |
| Income taxes | 67/77 | €4,455 | €3,092 | -€1,364 | -30.6% |
| Profit (loss) for the period | 9904 | €11,644 | €4,830 | -€6,815 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,644 | €4,830 | -€6,815 | -58.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.