PVN architect: 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.
PVN architect
Largest movements
- Cash +€15,141
up €15,141 (+38.4%), from €39,429 to €54,571
mainly Depreciation (+€12,913) and Net result for the year (+€8,874)
- Intangible fixed assets -€11,250
down €11,250 (-63.2%), from €17,813 to €6,563
- Stocks and contracts -€8,611
no longer reported in 2025 (was €8,611)
- Deferred charges and accrued income -€2,412
no longer reported in 2025 (was €2,412)
- Receivables within one year -€1,249
down €1,249 (-16.6%), from €7,509 to €6,259
of which Trade receivables: -€2,259
- Other debts -€15,292
down €15,292 (-48.0%), from €31,849 to €16,556
- Reserves +€5,942
up €5,942 (+16.9%), from €35,210 to €41,152
of which Distributable reserves: +€5,942
- Profit (loss) carried forward +€2,932
no longer reported in 2025 (was -€2,932)
- Tax, wage and social debts -€829
down €829 (-67.4%), from €1,230 to €401
of which Remuneration and social security: -€500
- Gross operating margin +€5,835
up €5,835 (+28.0%), from €20,845 to €26,680
- Taxes +€3,412
up €3,412 (+590%), from €578 to €3,991
- Depreciation -€1,413
down €1,413 (-9.9%), from €14,326 to €12,913
- Other operating charges +€325
up €325 (+64.3%), from €505 to €830
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 | €77,756 | €70,509 | -€7,248 | -9.3% |
| Fixed assets | 21/28 | €19,796 | €9,678 | -€10,117 | -51.1% |
| Intangible fixed assets | 21 | €17,813 | €6,563 | -€11,250 | -63.2% |
| Tangible fixed assets | 22/27 | €1,983 | €3,116 | +€1,133 | +57.1% |
| Land and buildings | 22 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,983 | €3,116 | +€1,133 | +57.1% |
| Current assets | 29/58 | €57,961 | €60,830 | +€2,870 | +5.0% |
| Stocks and contracts in progress | 3 | €8,611 | - | -€8,611 | |
| Contracts in progress | 37 | €8,611 | - | -€8,611 | |
| Amounts receivable within one year | 40/41 | €7,509 | €6,259 | -€1,249 | -16.6% |
| Trade receivables | 40 | €2,259 | - | -€2,259 | |
| Other amounts receivable | 41 | €5,250 | €6,259 | +€1,009 | +19.2% |
| Cash at bank and in hand | 54/58 | €39,429 | €54,571 | +€15,141 | +38.4% |
| Deferred charges and accrued income | 490/1 | €2,412 | - | -€2,412 | |
| Total equity and liabilities | 10/49 | €77,756 | €70,509 | -€7,248 | -9.3% |
| Equity | 10/15 | €44,678 | €53,552 | +€8,874 | +19.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,210 | €41,152 | +€5,942 | +16.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €33,350 | €39,292 | +€5,942 | +17.8% |
| Profit (loss) carried forward | 14 | -€2,932 | - | +€2,932 | |
| Amounts payable | 17/49 | €33,079 | €16,957 | -€16,122 | -48.7% |
| Amounts payable within one year | 42/48 | €33,079 | €16,957 | -€16,122 | -48.7% |
| Taxes, remuneration and social security | 45 | €1,230 | €401 | -€829 | -67.4% |
| Taxes | 450/3 | €730 | €401 | -€329 | -45.1% |
| Remuneration and social security | 454/9 | €500 | - | -€500 | |
| Other amounts payable | 47/48 | €31,849 | €16,556 | -€15,292 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,326 | €12,913 | -€1,413 | -9.9% |
| Other operating charges | 640/8 | €505 | €830 | +€325 | +64.3% |
| Gross operating margin | 9900 | €20,845 | €26,680 | +€5,835 | +28.0% |
| Operating profit (loss) | 9901 | €6,014 | €12,937 | +€6,923 | +115% |
| Financial charges | 65/66B | €72 | €72 | -€0 | -0.2% |
| Recurring financial charges | 65 | €72 | €72 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €5,941 | €12,865 | +€6,923 | +117% |
| Income taxes | 67/77 | €578 | €3,991 | +€3,412 | +590% |
| Profit (loss) for the period | 9904 | €5,363 | €8,874 | +€3,511 | +65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,363 | €8,874 | +€3,511 | +65.5% |
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 21 October 2026 via checked.be.