PVN Beheer: 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.
What changed
PVN Beheer
NACE 46.170, Agents in the wholesale of food, beverages and tobacco
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€76,186
2024 · €51,867+€24,319
Equity
€1.4m
2024 · €1.3m+€65,186
Cash
€72,431
2024 · €102,073-€29,642
Balance sheet total
€3.0m
2024 · €3.2m-€154,720
Largest movements
Assets
- Tangible fixed assets -€115,197
down €115,197 (-4.6%), from €2.5m to €2.4m
of which Land and buildings: -€98,903
Equity and liabilities
- Debts after one year -€219,904
down €219,904 (-13.5%), from €1.6m to €1.4m
- Reserves +€65,186
up €65,186 (+6.2%), from €1.1m to €1.1m
Income statement
- Gross operating margin -€119,433
down €119,433 (-29.9%), from €399,650 to €280,217
- Other operating charges -€7,811
down €7,811 (-74.4%), from €10,495 to €2,684
- Financial charges -€7,028
down €7,028 (-14.8%), from €47,518 to €40,490
- Taxes +€5,890
up €5,890 (+21.8%), from €27,079 to €32,969
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.
Result 2024
€51,867
Gross operating margin
-€119,433
Depreciation
+€524
Other operating charges
+€7,811
Other operating items
+€134,019
Financial income
+€261
Financial charges
+€7,028
Taxes
-€5,890
Result 2025
€76,186
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€232,181
Investment
-€32,526
Financing
-€229,297
Cash 2024
€102,073
From operations (derived)
+€232,181
Net result for the year
+€76,186
Depreciation
+€129,203
Receivables within one year
+€27,488
Deferred charges and accrued income
+€913
Trade debts
-€8,081
Tax, wage and social debts
+€5,045
Other debts
+€1,426
Investment (derived)
-€32,526
Investment in fixed assets (net)
-€14,006
Current investments
-€18,520
Financing
-€229,297
Debts after one year
-€219,904
Current portion of long-term debt
+€1,608
Contributions, distributions and other
-€11,000
Cash 2025
€72,431
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,185,655 | €3,030,935 | -€154,720 | -4.9% |
| Fixed assets | 21/28 | €2,648,838 | €2,533,641 | -€115,197 | -4.3% |
| Tangible fixed assets | 22/27 | €2,479,538 | €2,364,341 | -€115,197 | -4.6% |
| Land and buildings | 22 | €2,230,937 | €2,132,033 | -€98,903 | -4.4% |
| Plant, machinery and equipment | 23 | €726 | €1,673 | +€946 | +130% |
| Furniture and vehicles | 24 | €120,739 | €90,779 | -€29,960 | -24.8% |
| Other tangible fixed assets | 26 | €127,136 | €139,856 | +€12,720 | +10.0% |
| Financial fixed assets | 28 | €169,300 | €169,300 | = | 0.0% |
| Current assets | 29/58 | €536,818 | €497,294 | -€39,523 | -7.4% |
| Amounts receivable within one year | 40/41 | €375,628 | €348,139 | -€27,488 | -7.3% |
| Trade receivables | 40 | €121,622 | €13,805 | -€107,817 | -88.6% |
| Other amounts receivable | 41 | €254,006 | €334,334 | +€80,328 | +31.6% |
| Current investments | 50/53 | €47,220 | €65,740 | +€18,520 | +39.2% |
| Cash at bank and in hand | 54/58 | €102,073 | €72,431 | -€29,642 | -29.0% |
| Deferred charges and accrued income | 490/1 | €11,896 | €10,984 | -€913 | -7.7% |
| Total equity and liabilities | 10/49 | €3,185,655 | €3,030,935 | -€154,720 | -4.9% |
| Equity | 10/15 | €1,289,791 | €1,354,977 | +€65,186 | +5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,058,103 | €1,123,289 | +€65,186 | +6.2% |
| Distributable reserves | 133 | €1,058,103 | €1,123,289 | +€65,186 | +6.2% |
| Profit (loss) carried forward | 14 | €225,488 | €225,488 | = | 0.0% |
| Amounts payable | 17/49 | €1,895,864 | €1,675,958 | -€219,906 | -11.6% |
| Amounts payable after more than one year | 17 | €1,629,821 | €1,409,916 | -€219,904 | -13.5% |
| Financial debts | 170/4 | €1,629,821 | €1,409,916 | -€219,904 | -13.5% |
| Amounts payable within one year | 42/48 | €266,043 | €266,042 | -€2 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €218,297 | €219,904 | +€1,608 | +0.7% |
| Trade debts | 44 | €11,821 | €3,740 | -€8,081 | -68.4% |
| Suppliers | 440/4 | €11,821 | €3,740 | -€8,081 | -68.4% |
| Taxes, remuneration and social security | 45 | €35,926 | €40,971 | +€5,045 | +14.0% |
| Taxes | 450/3 | €35,926 | €40,971 | +€5,045 | +14.0% |
| Other amounts payable | 47/48 | - | €1,426 | +€1,426 | |
| Non-recurring operating income | 76A | €40,000 | €0 | -€40,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,727 | €129,203 | -€524 | -0.4% |
| Other operating charges | 640/8 | €10,495 | €2,684 | -€7,811 | -74.4% |
| Non-recurring operating charges | 66A | €134,019 | €0 | -€134,019 | -100% |
| Gross operating margin | 9900 | €399,650 | €280,217 | -€119,433 | -29.9% |
| Operating profit (loss) | 9901 | €125,409 | €148,330 | +€22,920 | +18.3% |
| Financial income | 75/76B | €1,054 | €1,315 | +€261 | +24.8% |
| Recurring financial income | 75 | €1,054 | €1,315 | +€261 | +24.8% |
| Financial charges | 65/66B | €47,518 | €40,490 | -€7,028 | -14.8% |
| Recurring financial charges | 65 | €47,518 | €40,490 | -€7,028 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €78,946 | €109,155 | +€30,209 | +38.3% |
| Income taxes | 67/77 | €27,079 | €32,969 | +€5,890 | +21.8% |
| Profit (loss) for the period | 9904 | €51,867 | €76,186 | +€24,319 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,867 | €76,186 | +€24,319 | +46.9% |
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 31 October 2026 via checked.be.