PVP Solutions: 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.
PVP Solutions
Largest movements
- Receivables within one year +€131,968
up €131,968 (+90.5%), from €145,896 to €277,864
of which Other amounts receivable: +€69,200
- Cash -€25,856
down €25,856 (-69.8%), from €37,070 to €11,214
mainly Receivables within one year (-€131,968) and Contributions, distributions and other (-€129,988)
- Financial fixed assets +€10,000
new in 2025: €10,000
- Deferred charges and accrued income +€4,403
up €4,403 (+82.5%), from €5,334 to €9,738
- Other debts +€142,388
new in 2025: €142,388
- Reserves -€57,664
down €57,664 (-86.7%), from €66,538 to €8,874
of which Distributable reserves: -€57,664
- Tax, wage and social debts +€22,380
up €22,380 (+29.1%), from €76,928 to €99,307
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Trade debts +€6,718
up €6,718 (+102.5%), from €6,557 to €13,275
- Gross operating margin +€22,162
up €22,162 (+23.2%), from €95,682 to €117,843
- Financial income +€3,850
up €3,850 (+90.0%), from €4,277 to €8,127
- Taxes +€2,291
up €2,291 (+7.9%), from €28,893 to €31,184
- Financial charges +€1,947
up €1,947 (+58.4%), from €3,335 to €5,282
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 | €194,842 | €314,950 | +€120,109 | +61.6% |
| Fixed assets | 21/28 | €6,542 | €16,135 | +€9,593 | +146.6% |
| Tangible fixed assets | 22/27 | €6,542 | €6,135 | -€407 | -6.2% |
| Furniture and vehicles | 24 | €6,542 | €6,135 | -€407 | -6.2% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €188,300 | €298,815 | +€110,516 | +58.7% |
| Amounts receivable within one year | 40/41 | €145,896 | €277,864 | +€131,968 | +90.5% |
| Trade receivables | 40 | €30,246 | €93,014 | +€62,769 | +207.5% |
| Other amounts receivable | 41 | €115,650 | €184,850 | +€69,200 | +59.8% |
| Cash at bank and in hand | 54/58 | €37,070 | €11,214 | -€25,856 | -69.8% |
| Deferred charges and accrued income | 490/1 | €5,334 | €9,738 | +€4,403 | +82.5% |
| Total equity and liabilities | 10/49 | €194,842 | €314,950 | +€120,109 | +61.6% |
| Equity | 10/15 | €72,738 | €27,474 | -€45,264 | -62.2% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €66,538 | €8,874 | -€57,664 | -86.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €64,678 | €7,014 | -€57,664 | -89.2% |
| Amounts payable | 17/49 | €122,103 | €287,477 | +€165,373 | +135.4% |
| Amounts payable within one year | 42/48 | €122,103 | €287,477 | +€165,373 | +135.4% |
| Current portion of amounts payable after more than one year | 42 | €34,504 | €30,504 | -€4,000 | -11.6% |
| Financial debts | 43 | €4,115 | €2,003 | -€2,112 | -51.3% |
| Credit institutions | 430/8 | €4,115 | €2,003 | -€2,112 | -51.3% |
| Trade debts | 44 | €6,557 | €13,275 | +€6,718 | +102.5% |
| Suppliers | 440/4 | €6,557 | €13,275 | +€6,718 | +102.5% |
| Taxes, remuneration and social security | 45 | €76,928 | €99,307 | +€22,380 | +29.1% |
| Taxes | 450/3 | €76,928 | €99,307 | +€22,380 | +29.1% |
| Other amounts payable | 47/48 | - | €142,388 | +€142,388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,109 | €3,051 | +€942 | +44.7% |
| Other operating charges | 640/8 | €1,135 | €1,730 | +€595 | +52.4% |
| Non-recurring operating charges | 66A | €4,717 | - | -€4,717 | |
| Gross operating margin | 9900 | €95,682 | €117,843 | +€22,162 | +23.2% |
| Operating profit (loss) | 9901 | €87,722 | €113,063 | +€25,341 | +28.9% |
| Financial income | 75/76B | €4,277 | €8,127 | +€3,850 | +90.0% |
| Recurring financial income | 75 | €4,277 | €8,127 | +€3,850 | +90.0% |
| Financial charges | 65/66B | €3,335 | €5,282 | +€1,947 | +58.4% |
| Recurring financial charges | 65 | €3,335 | €5,282 | +€1,947 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €88,663 | €115,907 | +€27,244 | +30.7% |
| Income taxes | 67/77 | €28,893 | €31,184 | +€2,291 | +7.9% |
| Profit (loss) for the period | 9904 | €59,770 | €84,723 | +€24,953 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,770 | €84,723 | +€24,953 | +41.7% |
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 11 October 2026 via checked.be.