PVN GROUPS: 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 GROUPS
Largest movements
- Stocks and contracts -€18,996
down €18,996 (-31.7%), from €60,017 to €41,021
- Receivables within one year +€11,333
up €11,333 (+157.3%), from €7,203 to €18,536
of which Trade receivables: +€11,041
- Tangible fixed assets -€10,713
down €10,713 (-15.1%), from €70,876 to €60,162
of which Other tangible fixed assets: -€7,326
- Other debts +€14,626
up €14,626 (+156.5%), from €9,348 to €23,974
- Debts after one year -€14,541
down €14,541 (-57.5%), from €25,285 to €10,744
- Advances received -€14,240
down €14,240 (-39.8%), from €35,736 to €21,496
- Profit (loss) carried forward +€12,439
up €12,439 (+87.4%), from €14,239 to €26,678
- Current portion of long-term debt -€8,592
down €8,592 (-28.3%), from €30,372 to €21,780
- Turnover -€115,097
down €115,097 (-30.5%), from €377,839 to €262,742
- Purchases and services -€97,511
down €97,511 (-28.5%), from €342,208 to €244,697
- Staff costs -€17,880
down €17,880 (-53.1%), from €33,680 to €15,800
- Gross operating margin +€6,822
up €6,822 (+19.1%), from €35,631 to €42,452
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,966 | €139,176 | -€18,790 | -11.9% |
| Fixed assets | 21/28 | €82,439 | €71,725 | -€10,713 | -13.0% |
| Tangible fixed assets | 22/27 | €70,876 | €60,162 | -€10,713 | -15.1% |
| Furniture and vehicles | 24 | €8,797 | €5,998 | -€2,799 | -31.8% |
| Leasing and similar rights | 25 | €1,183 | €595 | -€588 | -49.7% |
| Other tangible fixed assets | 26 | €60,895 | €53,569 | -€7,326 | -12.0% |
| Financial fixed assets | 28 | €11,563 | €11,563 | = | 0.0% |
| Current assets | 29/58 | €75,527 | €67,450 | -€8,077 | -10.7% |
| Stocks and contracts in progress | 3 | €60,017 | €41,021 | -€18,996 | -31.7% |
| Stocks | 30/36 | €60,017 | €41,021 | -€18,996 | -31.7% |
| Amounts receivable within one year | 40/41 | €7,203 | €18,536 | +€11,333 | +157.3% |
| Trade receivables | 40 | - | €11,041 | +€11,041 | |
| Other amounts receivable | 41 | €7,203 | €7,495 | +€292 | +4.1% |
| Cash at bank and in hand | 54/58 | €8,307 | €7,894 | -€414 | -5.0% |
| Total equity and liabilities | 10/49 | €157,966 | €139,176 | -€18,790 | -11.9% |
| Equity | 10/15 | €32,839 | €45,278 | +€12,439 | +37.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,239 | €26,678 | +€12,439 | +87.4% |
| Amounts payable | 17/49 | €125,127 | €93,898 | -€31,229 | -25.0% |
| Amounts payable after more than one year | 17 | €25,285 | €10,744 | -€14,541 | -57.5% |
| Financial debts | 170/4 | €25,285 | €10,744 | -€14,541 | -57.5% |
| Amounts payable within one year | 42/48 | €91,442 | €83,154 | -€8,288 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €30,372 | €21,780 | -€8,592 | -28.3% |
| Financial debts | 43 | - | €8,374 | +€8,374 | |
| Credit institutions | 430/8 | - | €8,374 | +€8,374 | |
| Trade debts | 44 | €6,281 | €5,438 | -€843 | -13.4% |
| Suppliers | 440/4 | €6,281 | €5,438 | -€843 | -13.4% |
| Advances received on contracts in progress | 46 | €35,736 | €21,496 | -€14,240 | -39.8% |
| Taxes, remuneration and social security | 45 | €9,705 | €2,091 | -€7,614 | -78.5% |
| Taxes | 450/3 | €6,456 | - | -€6,456 | |
| Remuneration and social security | 454/9 | €3,249 | €2,091 | -€1,158 | -35.6% |
| Other amounts payable | 47/48 | €9,348 | €23,974 | +€14,626 | +156.5% |
| Accrued charges and deferred income | 492/3 | €8,400 | - | -€8,400 | |
| Turnover | 70 | €377,839 | €262,742 | -€115,097 | -30.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €342,208 | €244,697 | -€97,511 | -28.5% |
| Remuneration, social security and pensions | 62 | €33,680 | €15,800 | -€17,880 | -53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,032 | €11,543 | -€2,488 | -17.7% |
| Other operating charges | 640/8 | €1,309 | - | -€1,309 | |
| Gross operating margin | 9900 | €35,631 | €42,452 | +€6,822 | +19.1% |
| Operating profit (loss) | 9901 | -€13,390 | €15,109 | +€28,499 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,618 | €2,671 | -€947 | -26.2% |
| Recurring financial charges | 65 | €3,618 | €2,671 | -€947 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,008 | €12,439 | +€29,447 | |
| Profit (loss) for the period | 9904 | -€17,008 | €12,439 | +€29,447 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,008 | €12,439 | +€29,447 |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.