PVP-transport: 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-transport
Largest movements
- Tangible fixed assets +€165,021
up €165,021 (+2,469%), from €6,684 to €171,706
of which Furniture and vehicles: +€161,935
- Receivables after one year -€116,000
down €116,000 (-92.1%), from €126,000 to €10,000
- Cash +€17,620
up €17,620 (+20.9%), from €84,301 to €101,921
mainly Receivables after one year (+€116,000) and Debts after one year (+€114,849)
- Receivables within one year -€11,422
down €11,422 (-45.6%), from €25,064 to €13,641
of which Trade receivables: -€25,064
- Deferred charges and accrued income +€6,626
up €6,626 (+266%), from €2,486 to €9,112
- Profit (loss) carried forward -€229,958
no longer reported in 2025 (was €229,958)
- Debts after one year +€114,849
new in 2025: €114,849
- Other debts +€110,743
up €110,743 (+12,431%), from €891 to €111,634
- Current portion of long-term debt +€30,358
new in 2025: €30,358
- Tax, wage and social debts +€19,147
up €19,147 (+211%), from €9,065 to €28,212
- Gross operating margin -€41,935
down €41,935 (-29.3%), from €143,229 to €101,294
- Taxes -€18,717
down €18,717 (-69.1%), from €27,076 to €8,359
- Depreciation +€4,727
up €4,727 (+25.6%), from €18,431 to €23,158
- Financial charges +€2,809
up €2,809 (+866%), from €324 to €3,134
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.
Derived cash bridge
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 | €245,785 | €307,630 | +€61,845 | +25.2% |
| Fixed assets | 21/28 | €7,934 | €172,956 | +€165,021 | +2,080% |
| Tangible fixed assets | 22/27 | €6,684 | €171,706 | +€165,021 | +2,469% |
| Plant, machinery and equipment | 23 | - | €3,086 | +€3,086 | |
| Furniture and vehicles | 24 | €6,684 | €168,619 | +€161,935 | +2,423% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €237,851 | €134,674 | -€103,176 | -43.4% |
| Amounts receivable after more than one year | 29 | €126,000 | €10,000 | -€116,000 | -92.1% |
| Other amounts receivable | 291 | €126,000 | €10,000 | -€116,000 | -92.1% |
| Amounts receivable within one year | 40/41 | €25,064 | €13,641 | -€11,422 | -45.6% |
| Trade receivables | 40 | €25,064 | - | -€25,064 | |
| Other amounts receivable | 41 | - | €13,641 | +€13,641 | |
| Cash at bank and in hand | 54/58 | €84,301 | €101,921 | +€17,620 | +20.9% |
| Deferred charges and accrued income | 490/1 | €2,486 | €9,112 | +€6,626 | +266% |
| Total equity and liabilities | 10/49 | €245,785 | €307,630 | +€61,845 | +25.2% |
| Equity | 10/15 | €232,458 | €21,500 | -€210,958 | -90.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €19,000 | +€19,000 | |
| Tax-exempt reserves | 132 | - | €19,000 | +€19,000 | |
| Profit (loss) carried forward | 14 | €229,958 | - | -€229,958 | |
| Amounts payable | 17/49 | €13,327 | €286,130 | +€272,803 | +2,047% |
| Amounts payable after more than one year | 17 | - | €114,849 | +€114,849 | |
| Financial debts | 170/4 | - | €114,849 | +€114,849 | |
| Amounts payable within one year | 42/48 | €13,327 | €171,282 | +€157,954 | +1,185% |
| Current portion of amounts payable after more than one year | 42 | - | €30,358 | +€30,358 | |
| Trade debts | 44 | €3,371 | €1,077 | -€2,295 | -68.1% |
| Suppliers | 440/4 | €3,371 | €1,077 | -€2,295 | -68.1% |
| Taxes, remuneration and social security | 45 | €9,065 | €28,212 | +€19,147 | +211% |
| Taxes | 450/3 | €9,065 | €28,212 | +€19,147 | +211% |
| Other amounts payable | 47/48 | €891 | €111,634 | +€110,743 | +12,431% |
| Non-recurring operating income | 76A | - | €19,000 | +€19,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,431 | €23,158 | +€4,727 | +25.6% |
| Other operating charges | 640/8 | €118 | €507 | +€389 | +330% |
| Gross operating margin | 9900 | €143,229 | €101,294 | -€41,935 | -29.3% |
| Operating profit (loss) | 9901 | €124,680 | €77,628 | -€47,052 | -37.7% |
| Financial income | 75/76B | €2,439 | €1,313 | -€1,126 | -46.2% |
| Recurring financial income | 75 | €2,439 | €1,313 | -€1,126 | -46.2% |
| Financial charges | 65/66B | €324 | €3,134 | +€2,809 | +866% |
| Recurring financial charges | 65 | €324 | €3,134 | +€2,809 | +866% |
| Profit (loss) for the period before taxes | 9903 | €126,795 | €75,807 | -€50,988 | -40.2% |
| Income taxes | 67/77 | €27,076 | €8,359 | -€18,717 | -69.1% |
| Profit (loss) for the period | 9904 | €99,719 | €67,448 | -€32,271 | -32.4% |
| Transfer to tax-exempt reserves | 689 | - | €19,000 | +€19,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,719 | €48,448 | -€51,271 | -51.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.