PVP ADVIES: what changed
PVP ADVIES
Largest movements
- Receivables within one year +€14,361
up €14,361 (+65.4%), from €21,947 to €36,307
of which Trade receivables: +€14,895
- Cash -€8,340
down €8,340 (-11.8%), from €70,459 to €62,119
mainly Contributions, distributions and other (-€14,850) and Receivables within one year (-€14,361)
- Tangible fixed assets -€2,986
down €2,986 (-6.8%), from €44,080 to €41,094
of which Plant, machinery and equipment: -€3,897
- Profit (loss) carried forward -€24,071
down €24,071 (-41.2%), from €58,467 to €34,396
- Other debts +€13,865
up €13,865 (+153%), from €9,077 to €22,942
- Contributions +€12,300
up €12,300 (+197%), from €6,250 to €18,550
- Tax, wage and social debts +€5,113
up €5,113 (+42.2%), from €12,117 to €17,230
of which Taxes: +€5,193
- Debts after one year -€3,930
down €3,930 (-18.2%), from €21,591 to €17,661
- Gross operating margin -€944
down €944 (-4.4%), from €21,563 to €20,619
- Other operating charges +€594
up €594 (+36.5%), from €1,630 to €2,225
- Depreciation +€432
up €432 (+4.9%), from €8,883 to €9,315
- Financial charges -€273
down €273 (-9.0%), from €3,020 to €2,746
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,946 | €140,174 | +€2,227 | +1.6% |
| Fixed assets | 21/28 | €44,080 | €41,094 | -€2,986 | -6.8% |
| Tangible fixed assets | 22/27 | €44,080 | €41,094 | -€2,986 | -6.8% |
| Plant, machinery and equipment | 23 | €22,165 | €18,269 | -€3,897 | -17.6% |
| Furniture and vehicles | 24 | €11,478 | €9,784 | -€1,695 | -14.8% |
| Other tangible fixed assets | 26 | €10,436 | €13,042 | +€2,605 | +25.0% |
| Current assets | 29/58 | €93,866 | €99,080 | +€5,214 | +5.6% |
| Amounts receivable within one year | 40/41 | €21,947 | €36,307 | +€14,361 | +65.4% |
| Trade receivables | 40 | €21,341 | €36,235 | +€14,895 | +69.8% |
| Other amounts receivable | 41 | €606 | €72 | -€534 | -88.1% |
| Cash at bank and in hand | 54/58 | €70,459 | €62,119 | -€8,340 | -11.8% |
| Deferred charges and accrued income | 490/1 | €1,461 | €654 | -€807 | -55.2% |
| Total equity and liabilities | 10/49 | €137,946 | €140,174 | +€2,227 | +1.6% |
| Equity | 10/15 | €76,472 | €64,701 | -€11,771 | -15.4% |
| Contributions | 10/11 | €6,250 | €18,550 | +€12,300 | +197% |
| Reserves | 13 | €11,755 | €11,755 | = | 0.0% |
| Distributable reserves | 133 | €11,755 | €11,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,467 | €34,396 | -€24,071 | -41.2% |
| Amounts payable | 17/49 | €61,475 | €75,473 | +€13,998 | +22.8% |
| Amounts payable after more than one year | 17 | €21,591 | €17,661 | -€3,930 | -18.2% |
| Financial debts | 170/4 | €21,591 | €17,661 | -€3,930 | -18.2% |
| Amounts payable within one year | 42/48 | €26,058 | €44,470 | +€18,412 | +70.7% |
| Current portion of amounts payable after more than one year | 42 | €3,753 | €3,930 | +€177 | +4.7% |
| Trade debts | 44 | €1,111 | €368 | -€743 | -66.8% |
| Suppliers | 440/4 | €1,111 | €368 | -€743 | -66.8% |
| Taxes, remuneration and social security | 45 | €12,117 | €17,230 | +€5,113 | +42.2% |
| Taxes | 450/3 | €8,876 | €14,069 | +€5,193 | +58.5% |
| Remuneration and social security | 454/9 | €3,240 | €3,161 | -€80 | -2.5% |
| Other amounts payable | 47/48 | €9,077 | €22,942 | +€13,865 | +153% |
| Accrued charges and deferred income | 492/3 | €13,825 | €13,341 | -€484 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,883 | €9,315 | +€432 | +4.9% |
| Other operating charges | 640/8 | €1,630 | €2,225 | +€594 | +36.5% |
| Gross operating margin | 9900 | €21,563 | €20,619 | -€944 | -4.4% |
| Operating profit (loss) | 9901 | €11,049 | €9,079 | -€1,970 | -17.8% |
| Financial income | 75/76B | €417 | €337 | -€80 | -19.2% |
| Recurring financial income | 75 | €417 | €337 | -€80 | -19.2% |
| Financial charges | 65/66B | €3,020 | €2,746 | -€273 | -9.0% |
| Recurring financial charges | 65 | €3,020 | €2,746 | -€273 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €8,446 | €6,670 | -€1,777 | -21.0% |
| Income taxes | 67/77 | €3,540 | €3,590 | +€50 | +1.4% |
| Profit (loss) for the period | 9904 | €4,906 | €3,079 | -€1,827 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,906 | €3,079 | -€1,827 | -37.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.