PVR Advies: 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.
PVR Advies
Largest movements
- Receivables within one year +€8,138
up €8,138 (+25.3%), from €32,210 to €40,348
of which Trade receivables: +€7,244
- Tangible fixed assets -€5,432
down €5,432 (-60.7%), from €8,950 to €3,518
of which Leasing and similar rights: -€3,687
- Deferred charges and accrued income -€3,434
down €3,434 (-70.5%), from €4,870 to €1,436
- Cash +€3,323
up €3,323 (+35.3%), from €9,405 to €12,729
mainly Other debts (+€8,570) and Depreciation (+€5,432)
- Other debts +€8,570
up €8,570 (+90.7%), from €9,451 to €18,021
- Debts after one year -€3,113
down €3,113 (-75.5%), from €4,123 to €1,010
- Reserves -€2,848
down €2,848 (-19.8%), from €14,409 to €11,561
- Tax, wage and social debts +€2,821
up €2,821 (+41.4%), from €6,814 to €9,635
of which Remuneration and social security: +€1,500
- Current portion of long-term debt -€2,591
down €2,591 (-45.4%), from €5,704 to €3,113
- Gross operating margin -€3,450
down €3,450 (-25.5%), from €13,551 to €10,101
- Taxes -€967
down €967 (-46.6%), from €2,077 to €1,110
- Financial charges +€861
up €861 (+22.2%), from €3,882 to €4,742
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 | €56,035 | €58,630 | +€2,595 | +4.6% |
| Fixed assets | 21/28 | €9,550 | €4,118 | -€5,432 | -56.9% |
| Tangible fixed assets | 22/27 | €8,950 | €3,518 | -€5,432 | -60.7% |
| Land and buildings | 22 | €2,206 | €1,513 | -€693 | -31.4% |
| Furniture and vehicles | 24 | €2,370 | €1,318 | -€1,052 | -44.4% |
| Leasing and similar rights | 25 | €4,374 | €687 | -€3,687 | -84.3% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €46,485 | €54,512 | +€8,027 | +17.3% |
| Amounts receivable within one year | 40/41 | €32,210 | €40,348 | +€8,138 | +25.3% |
| Trade receivables | 40 | €31,590 | €38,834 | +€7,244 | +22.9% |
| Other amounts receivable | 41 | €620 | €1,514 | +€895 | +144% |
| Cash at bank and in hand | 54/58 | €9,405 | €12,729 | +€3,323 | +35.3% |
| Deferred charges and accrued income | 490/1 | €4,870 | €1,436 | -€3,434 | -70.5% |
| Total equity and liabilities | 10/49 | €56,035 | €58,630 | +€2,595 | +4.6% |
| Equity | 10/15 | €16,269 | €13,421 | -€2,848 | -17.5% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Reserves | 13 | €14,409 | €11,561 | -€2,848 | -19.8% |
| Distributable reserves | 133 | €14,409 | €11,561 | -€2,848 | -19.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,765 | €45,209 | +€5,443 | +13.7% |
| Amounts payable after more than one year | 17 | €4,123 | €1,010 | -€3,113 | -75.5% |
| Financial debts | 170/4 | €4,123 | €1,010 | -€3,113 | -75.5% |
| Amounts payable within one year | 42/48 | €35,643 | €44,199 | +€8,556 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €5,704 | €3,113 | -€2,591 | -45.4% |
| Financial debts | 43 | - | €633 | +€633 | |
| Other loans | 439 | - | €633 | +€633 | |
| Trade debts | 44 | €13,675 | €12,797 | -€877 | -6.4% |
| Suppliers | 440/4 | €13,675 | €12,797 | -€877 | -6.4% |
| Taxes, remuneration and social security | 45 | €6,814 | €9,635 | +€2,821 | +41.4% |
| Taxes | 450/3 | €6,814 | €8,135 | +€1,321 | +19.4% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €9,451 | €18,021 | +€8,570 | +90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,307 | €5,432 | +€125 | +2.4% |
| Other operating charges | 640/8 | €710 | €831 | +€122 | +17.1% |
| Gross operating margin | 9900 | €13,551 | €10,101 | -€3,450 | -25.5% |
| Operating profit (loss) | 9901 | €7,534 | €3,838 | -€3,697 | -49.1% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.7% |
| Financial charges | 65/66B | €3,882 | €4,742 | +€861 | +22.2% |
| Recurring financial charges | 65 | €3,882 | €4,742 | +€861 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €3,656 | -€905 | -€4,561 | |
| Income taxes | 67/77 | €2,077 | €1,110 | -€967 | -46.6% |
| Profit (loss) for the period | 9904 | €1,579 | -€2,015 | -€3,594 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,579 | -€2,015 | -€3,594 |
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 31 October 2026 via checked.be.