PVMT: 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.
PVMT
Largest movements
- Tangible fixed assets -€20,673
down €20,673 (-25.8%), from €80,231 to €59,558
of which Furniture and vehicles: -€16,134
- Receivables within one year -€19,878
down €19,878 (-93.5%), from €21,259 to €1,382
of which Trade receivables: -€18,236
- Cash +€13,404
up €13,404 (+14.0%), from €95,633 to €109,037
mainly Net result for the year (+€66,158) and Depreciation (+€20,673)
- Reserves -€98,645
down €98,645 (-57.8%), from €170,741 to €72,097
- Profit (loss) carried forward +€65,000
up €65,000, from €0 to €65,000
- Other debts +€8,957
up €8,957, from €0 to €8,957
- Gross operating margin -€8,483
down €8,483 (-7.4%), from €114,856 to €106,373
- Depreciation -€1,719
down €1,719 (-7.7%), from €22,393 to €20,673
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 | €199,951 | €174,776 | -€25,175 | -12.6% |
| Fixed assets | 21/28 | €80,231 | €59,558 | -€20,673 | -25.8% |
| Tangible fixed assets | 22/27 | €80,231 | €59,558 | -€20,673 | -25.8% |
| Plant, machinery and equipment | 23 | €2,747 | €2,102 | -€645 | -23.5% |
| Furniture and vehicles | 24 | €61,352 | €45,217 | -€16,134 | -26.3% |
| Other tangible fixed assets | 26 | €16,133 | €12,239 | -€3,894 | -24.1% |
| Current assets | 29/58 | €119,720 | €115,218 | -€4,502 | -3.8% |
| Amounts receivable within one year | 40/41 | €21,259 | €1,382 | -€19,878 | -93.5% |
| Trade receivables | 40 | €18,236 | €0 | -€18,236 | -100.0% |
| Other amounts receivable | 41 | €3,023 | €1,382 | -€1,641 | -54.3% |
| Cash at bank and in hand | 54/58 | €95,633 | €109,037 | +€13,404 | +14.0% |
| Deferred charges and accrued income | 490/1 | €2,828 | €4,799 | +€1,971 | +69.7% |
| Total equity and liabilities | 10/49 | €199,951 | €174,776 | -€25,175 | -12.6% |
| Equity | 10/15 | €189,341 | €155,697 | -€33,645 | -17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,741 | €72,097 | -€98,645 | -57.8% |
| Distributable reserves | 133 | €170,741 | €72,097 | -€98,645 | -57.8% |
| Profit (loss) carried forward | 14 | €0 | €65,000 | +€65,000 | |
| Amounts payable | 17/49 | €10,610 | €19,080 | +€8,469 | +79.8% |
| Amounts payable within one year | 42/48 | €10,610 | €19,080 | +€8,469 | +79.8% |
| Trade debts | 44 | €1,108 | €1,164 | +€56 | +5.0% |
| Suppliers | 440/4 | €1,108 | €1,164 | +€56 | +5.0% |
| Taxes, remuneration and social security | 45 | €9,503 | €8,960 | -€543 | -5.7% |
| Taxes | 450/3 | €9,503 | €8,960 | -€543 | -5.7% |
| Other amounts payable | 47/48 | €0 | €8,957 | +€8,957 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,393 | €20,673 | -€1,719 | -7.7% |
| Other operating charges | 640/8 | €1,513 | €1,293 | -€220 | -14.5% |
| Gross operating margin | 9900 | €114,856 | €106,373 | -€8,483 | -7.4% |
| Operating profit (loss) | 9901 | €90,950 | €84,406 | -€6,544 | -7.2% |
| Financial income | 75/76B | €609 | €343 | -€266 | -43.7% |
| Recurring financial income | 75 | €609 | €343 | -€266 | -43.7% |
| Financial charges | 65/66B | €69 | €40 | -€29 | -41.5% |
| Recurring financial charges | 65 | €69 | €40 | -€29 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €91,490 | €84,709 | -€6,781 | -7.4% |
| Income taxes | 67/77 | €18,839 | €18,551 | -€287 | -1.5% |
| Profit (loss) for the period | 9904 | €72,651 | €66,158 | -€6,493 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,651 | €66,158 | -€6,493 | -8.9% |
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 11 October 2026 via checked.be.