PVO Construction: 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.
PVO Construction
Largest movements
- Receivables within one year -€11,027
down €11,027 (-42.8%), from €25,745 to €14,718
of which Other amounts receivable: -€7,695
- Tangible fixed assets -€4,318
down €4,318 (-74.8%), from €5,773 to €1,455
of which Furniture and vehicles: -€3,843
- Cash +€2,572
up €2,572 (+2225.2%), from €116 to €2,688
mainly Receivables within one year (+€11,027) and Depreciation (+€7,129)
- Deferred charges and accrued income -€444
no longer reported in 2025 (was €444)
- Other debts -€5,423
down €5,423 (-79.5%), from €6,825 to €1,402
- Profit (loss) carried forward -€3,235
down €3,235 (-18.8%), from €17,170 to €13,935
- Tax, wage and social debts -€2,652
down €2,652 (-58.9%), from €4,500 to €1,848
- Trade debts -€1,907
no longer reported in 2025 (was €1,907)
- Turnover +€217,382
new in 2025: €217,382
- Purchases and services +€211,110
new in 2025: €211,110
- Gross operating margin -€12,733
down €12,733 (-67.0%), from €19,005 to €6,272
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 | €32,401 | €19,185 | -€13,217 | -40.8% |
| Fixed assets | 21/28 | €6,097 | €1,779 | -€4,318 | -70.8% |
| Tangible fixed assets | 22/27 | €5,773 | €1,455 | -€4,318 | -74.8% |
| Plant, machinery and equipment | 23 | €534 | €59 | -€475 | -89.0% |
| Furniture and vehicles | 24 | €5,239 | €1,397 | -€3,843 | -73.3% |
| Financial fixed assets | 28 | €324 | €324 | = | 0.0% |
| Current assets | 29/58 | €26,304 | €17,406 | -€8,899 | -33.8% |
| Amounts receivable within one year | 40/41 | €25,745 | €14,718 | -€11,027 | -42.8% |
| Trade receivables | 40 | €13,500 | €10,168 | -€3,332 | -24.7% |
| Other amounts receivable | 41 | €12,245 | €4,550 | -€7,695 | -62.8% |
| Cash at bank and in hand | 54/58 | €116 | €2,688 | +€2,572 | +2225.2% |
| Deferred charges and accrued income | 490/1 | €444 | - | -€444 | |
| Total equity and liabilities | 10/49 | €32,401 | €19,185 | -€13,217 | -40.8% |
| Equity | 10/15 | €19,170 | €15,935 | -€3,235 | -16.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,170 | €13,935 | -€3,235 | -18.8% |
| Amounts payable | 17/49 | €13,231 | €3,250 | -€9,981 | -75.4% |
| Amounts payable within one year | 42/48 | €13,231 | €3,250 | -€9,981 | -75.4% |
| Trade debts | 44 | €1,907 | - | -€1,907 | |
| Suppliers | 440/4 | €1,907 | - | -€1,907 | |
| Taxes, remuneration and social security | 45 | €4,500 | €1,848 | -€2,652 | -58.9% |
| Taxes | 450/3 | €4,500 | €1,848 | -€2,652 | -58.9% |
| Other amounts payable | 47/48 | €6,825 | €1,402 | -€5,423 | -79.5% |
| Turnover | 70 | - | €217,382 | +€217,382 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €211,110 | +€211,110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,209 | €7,129 | -€80 | -1.1% |
| Other operating charges | 640/8 | €1,463 | €1,561 | +€98 | +6.7% |
| Gross operating margin | 9900 | €19,005 | €6,272 | -€12,733 | -67.0% |
| Operating profit (loss) | 9901 | €10,333 | -€2,418 | -€12,751 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €456 | €817 | +€362 | +79.4% |
| Recurring financial charges | 65 | €456 | €817 | +€362 | +79.4% |
| Profit (loss) for the period before taxes | 9903 | €9,878 | -€3,235 | -€13,113 | |
| Income taxes | 67/77 | €2,141 | - | -€2,141 | |
| Profit (loss) for the period | 9904 | €7,736 | -€3,235 | -€10,972 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,736 | -€3,235 | -€10,972 |
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 6 October 2026 via checked.be.