PVM Technics: 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 Technics
Largest movements
- Receivables within one year +€67,371
up €67,371 (+90.2%), from €74,730 to €142,100
of which Trade receivables: +€67,553
- Cash +€34,869
up €34,869 (+6.9%), from €507,410 to €542,279
mainly Other debts (+€680,663) and Net result for the year (+€134,540)
- Tangible fixed assets +€21,840
up €21,840 (+105.5%), from €20,695 to €42,535
of which Furniture and vehicles: +€23,131
- Other debts +€680,663
up €680,663 (+7380.0%), from €9,223 to €689,886
- Reserves -€545,853
down €545,853 (-100.0%), from €545,853 to €0
- Advances received -€8,805
down €8,805 (-100.0%), from €8,805 to €0
- Gross operating margin +€23,846
up €23,846 (+14.9%), from €160,549 to €184,395
- Taxes +€6,680
up €6,680 (+20.2%), from €33,100 to €39,780
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 | €613,770 | €736,597 | +€122,827 | +20.0% |
| Fixed assets | 21/28 | €28,675 | €48,715 | +€20,040 | +69.9% |
| Intangible fixed assets | 21 | €7,980 | €6,180 | -€1,800 | -22.6% |
| Tangible fixed assets | 22/27 | €20,695 | €42,535 | +€21,840 | +105.5% |
| Land and buildings | 22 | €9,961 | €8,468 | -€1,493 | -15.0% |
| Plant, machinery and equipment | 23 | €1,537 | €1,738 | +€202 | +13.1% |
| Furniture and vehicles | 24 | €9,198 | €32,329 | +€23,131 | +251.5% |
| Current assets | 29/58 | €585,095 | €687,882 | +€102,788 | +17.6% |
| Stocks and contracts in progress | 3 | €1,766 | €2,315 | +€549 | +31.1% |
| Stocks | 30/36 | €1,766 | €2,315 | +€549 | +31.1% |
| Amounts receivable within one year | 40/41 | €74,730 | €142,100 | +€67,371 | +90.2% |
| Trade receivables | 40 | €56,563 | €124,116 | +€67,553 | +119.4% |
| Other amounts receivable | 41 | €18,166 | €17,984 | -€182 | -1.0% |
| Cash at bank and in hand | 54/58 | €507,410 | €542,279 | +€34,869 | +6.9% |
| Deferred charges and accrued income | 490/1 | €1,189 | €1,188 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €613,770 | €736,597 | +€122,827 | +20.0% |
| Equity | 10/15 | €552,853 | €7,000 | -€545,853 | -98.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €545,853 | €0 | -€545,853 | -100.0% |
| Distributable reserves | 133 | €545,853 | €0 | -€545,853 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €60,916 | €729,597 | +€668,681 | +1097.7% |
| Amounts payable within one year | 42/48 | €60,916 | €729,597 | +€668,681 | +1097.7% |
| Trade debts | 44 | €30,888 | €30,131 | -€757 | -2.5% |
| Suppliers | 440/4 | €30,888 | €30,131 | -€757 | -2.5% |
| Advances received on contracts in progress | 46 | €8,805 | €0 | -€8,805 | -100.0% |
| Taxes, remuneration and social security | 45 | €12,000 | €9,580 | -€2,420 | -20.2% |
| Taxes | 450/3 | €12,000 | €4,780 | -€7,220 | -60.2% |
| Remuneration and social security | 454/9 | - | €4,800 | +€4,800 | |
| Other amounts payable | 47/48 | €9,223 | €689,886 | +€680,663 | +7380.0% |
| Non-recurring operating income | 76A | - | €1,103 | +€1,103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,412 | €7,744 | +€332 | +4.5% |
| Other operating charges | 640/8 | €2,171 | €2,045 | -€126 | -5.8% |
| Gross operating margin | 9900 | €160,549 | €184,395 | +€23,846 | +14.9% |
| Operating profit (loss) | 9901 | €150,966 | €174,606 | +€23,640 | +15.7% |
| Financial income | 75/76B | €45 | €52 | +€6 | +14.1% |
| Recurring financial income | 75 | €45 | €52 | +€6 | +14.1% |
| Financial charges | 65/66B | €426 | €337 | -€88 | -20.7% |
| Recurring financial charges | 65 | €426 | €337 | -€88 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €150,585 | €174,320 | +€23,735 | +15.8% |
| Income taxes | 67/77 | €33,100 | €39,780 | +€6,680 | +20.2% |
| Profit (loss) for the period | 9904 | €117,485 | €134,540 | +€17,055 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €117,485 | €134,540 | +€17,055 | +14.5% |
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.