PVS FRESCA: 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.
PVS FRESCA
Largest movements
- Cash +€76,246
up €76,246 (+4,194%), from €1,818 to €78,064
mainly Net result for the year (+€96,209) and Investment in fixed assets (net) (+€90,395)
- Financial fixed assets -€55,393
down €55,393 (-83.7%), from €66,208 to €10,815
- Intangible fixed assets -€31,308
no longer reported in 2024 (was €31,308)
- Receivables within one year -€27,348
down €27,348 (-7.7%), from €354,685 to €327,337
of which Trade receivables: -€29,502
- Stocks and contracts -€5,456
down €5,456 (-48.9%), from €11,162 to €5,706
- Trade debts -€149,576
down €149,576 (-72.8%), from €205,424 to €55,848
- Profit (loss) carried forward +€76,209
up €76,209 (+90.0%), from €84,644 to €160,853
- Tax, wage and social debts +€46,474
up €46,474 (+43.4%), from €107,181 to €153,655
of which Taxes: +€29,373
- Other debts -€43,962
down €43,962 (-68.0%), from €64,619 to €20,657
- Reserves +€20,000
up €20,000 (+1,000%), from €2,000 to €22,000
of which Distributable reserves: +€20,000
- Gross operating margin +€370,785
up €370,785 (+112%), from €330,422 to €701,207
- Staff costs +€187,819
up €187,819 (+68.7%), from €273,243 to €461,062
- Financial charges +€66,601
up €66,601 (+1,476%), from €4,513 to €71,114
of which Non-recurring financial charges: +€55,000
- Taxes +€52,015
up €52,015 (+376%), from €13,828 to €65,843
- Other operating charges -€15,579
down €15,579 (-72.5%), from €21,476 to €5,897
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €486,257 | €438,430 | -€47,827 | -9.8% |
| Fixed assets | 21/28 | €104,592 | €13,111 | -€91,481 | -87.5% |
| Intangible fixed assets | 21 | €31,308 | - | -€31,308 | |
| Tangible fixed assets | 22/27 | €7,076 | €2,296 | -€4,780 | -67.6% |
| Plant, machinery and equipment | 23 | €7,076 | €1,792 | -€5,284 | -74.7% |
| Furniture and vehicles | 24 | - | €504 | +€504 | |
| Financial fixed assets | 28 | €66,208 | €10,815 | -€55,393 | -83.7% |
| Current assets | 29/58 | €381,665 | €425,319 | +€43,654 | +11.4% |
| Amounts receivable after more than one year | 29 | €14,000 | €14,000 | = | 0.0% |
| Trade receivables | 290 | €14,000 | €14,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €11,162 | €5,706 | -€5,456 | -48.9% |
| Stocks | 30/36 | €11,162 | €5,706 | -€5,456 | -48.9% |
| Amounts receivable within one year | 40/41 | €354,685 | €327,337 | -€27,348 | -7.7% |
| Trade receivables | 40 | €212,195 | €182,693 | -€29,502 | -13.9% |
| Other amounts receivable | 41 | €142,490 | €144,644 | +€2,154 | +1.5% |
| Cash at bank and in hand | 54/58 | €1,818 | €78,064 | +€76,246 | +4,194% |
| Deferred charges and accrued income | 490/1 | - | €212 | +€212 | |
| Total equity and liabilities | 10/49 | €486,257 | €438,430 | -€47,827 | -9.8% |
| Equity | 10/15 | €106,644 | €202,853 | +€96,209 | +90.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €22,000 | +€20,000 | +1,000% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €84,644 | €160,853 | +€76,209 | +90.0% |
| Amounts payable | 17/49 | €379,613 | €235,577 | -€144,036 | -37.9% |
| Amounts payable within one year | 42/48 | €379,594 | €232,557 | -€147,037 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €2,370 | €2,397 | +€27 | +1.1% |
| Trade debts | 44 | €205,424 | €55,848 | -€149,576 | -72.8% |
| Suppliers | 440/4 | €205,424 | €55,848 | -€149,576 | -72.8% |
| Taxes, remuneration and social security | 45 | €107,181 | €153,655 | +€46,474 | +43.4% |
| Taxes | 450/3 | €55,419 | €84,792 | +€29,373 | +53.0% |
| Remuneration and social security | 454/9 | €51,762 | €68,863 | +€17,101 | +33.0% |
| Other amounts payable | 47/48 | €64,619 | €20,657 | -€43,962 | -68.0% |
| Accrued charges and deferred income | 492/3 | €19 | €3,020 | +€3,001 | +15,795% |
| Remuneration, social security and pensions | 62 | €273,243 | €461,062 | +€187,819 | +68.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,180 | €1,086 | -€11,094 | -91.1% |
| Other operating charges | 640/8 | €21,476 | €5,897 | -€15,579 | -72.5% |
| Gross operating margin | 9900 | €330,422 | €701,207 | +€370,785 | +112% |
| Operating profit (loss) | 9901 | €23,523 | €233,162 | +€209,639 | +891% |
| Financial income | 75/76B | €4 | €4 | = | 0.0% |
| Recurring financial income | 75 | €4 | €4 | = | 0.0% |
| Financial charges | 65/66B | €4,513 | €71,114 | +€66,601 | +1,476% |
| Recurring financial charges | 65 | €4,513 | €16,114 | +€11,601 | +257% |
| Non-recurring financial charges | 66B | - | €55,000 | +€55,000 | |
| Profit (loss) for the period before taxes | 9903 | €19,014 | €162,052 | +€143,038 | +752% |
| Income taxes | 67/77 | €13,828 | €65,843 | +€52,015 | +376% |
| Profit (loss) for the period | 9904 | €5,186 | €96,209 | +€91,023 | +1,755% |
| Profit (loss) for the period to be appropriated | 9905 | €5,186 | €96,209 | +€91,023 | +1,755% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.