PVNRT: what changed
Two fiscal 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.
PVNRT
Largest movements
- Cash +€120,886
up €120,886 (+147.9%), from €81,722 to €202,608
mainly Net result for the year (+€114,873) and Tax, wage and social debts (+€31,034)
- Receivables within one year +€22,767
up €22,767 (+134.1%), from €16,984 to €39,750
- Tangible fixed assets +€3,108
new in 2025: €3,108
- Profit (loss) carried forward +€114,873
up €114,873 (+162.9%), from €70,514 to €185,387
- Tax, wage and social debts +€31,034
up €31,034 (+142.3%), from €21,806 to €52,841
of which Taxes: +€22,776
- Gross operating margin +€113,311
up €113,311 (+175.3%), from €64,638 to €177,949
- Staff costs +€24,162
new in 2025: €24,162
- Taxes +€22,964
up €22,964 (+164.5%), from €13,962 to €36,926
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 | €100,186 | €245,465 | +€145,280 | +145.0% |
| Fixed assets | 21/28 | - | €3,108 | +€3,108 | |
| Tangible fixed assets | 22/27 | - | €3,108 | +€3,108 | |
| Furniture and vehicles | 24 | - | €3,108 | +€3,108 | |
| Current assets | 29/58 | €100,186 | €242,358 | +€142,172 | +141.9% |
| Amounts receivable within one year | 40/41 | €16,984 | €39,750 | +€22,767 | +134.1% |
| Trade receivables | 40 | €16,984 | €39,750 | +€22,767 | +134.1% |
| Cash at bank and in hand | 54/58 | €81,722 | €202,608 | +€120,886 | +147.9% |
| Deferred charges and accrued income | 490/1 | €1,480 | €0 | -€1,480 | -100.0% |
| Total equity and liabilities | 10/49 | €100,186 | €245,465 | +€145,280 | +145.0% |
| Equity | 10/15 | €72,514 | €187,387 | +€114,873 | +158.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,514 | €185,387 | +€114,873 | +162.9% |
| Amounts payable | 17/49 | €27,672 | €58,079 | +€30,407 | +109.9% |
| Amounts payable within one year | 42/48 | €27,672 | €58,079 | +€30,407 | +109.9% |
| Trade debts | 44 | €2,755 | €566 | -€2,189 | -79.5% |
| Suppliers | 440/4 | €2,755 | €566 | -€2,189 | -79.5% |
| Taxes, remuneration and social security | 45 | €21,806 | €52,841 | +€31,034 | +142.3% |
| Taxes | 450/3 | €21,806 | €44,582 | +€22,776 | +104.4% |
| Remuneration and social security | 454/9 | - | €8,259 | +€8,259 | |
| Other amounts payable | 47/48 | €3,111 | €4,672 | +€1,562 | +50.2% |
| Remuneration, social security and pensions | 62 | - | €24,162 | +€24,162 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €556 | +€556 | |
| Other operating charges | 640/8 | €597 | €1,021 | +€424 | +71.0% |
| Gross operating margin | 9900 | €64,638 | €177,949 | +€113,311 | +175.3% |
| Operating profit (loss) | 9901 | €64,041 | €152,211 | +€88,170 | +137.7% |
| Financial income | 75/76B | €12 | €61 | +€49 | +423.6% |
| Recurring financial income | 75 | €12 | €61 | +€49 | +423.6% |
| Financial charges | 65/66B | €2,214 | €472 | -€1,741 | -78.7% |
| Recurring financial charges | 65 | €2,214 | €472 | -€1,741 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | €61,839 | €151,800 | +€89,961 | +145.5% |
| Income taxes | 67/77 | €13,962 | €36,926 | +€22,964 | +164.5% |
| Profit (loss) for the period | 9904 | €47,876 | €114,873 | +€66,997 | +139.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,876 | €114,873 | +€66,997 | +139.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.