PVSoft: 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.
PVSoft
Largest movements
- Cash -€68,731
down €68,731 (-75.8%), from €90,718 to €21,987
mainly Contributions, distributions and other (-€142,100) and Investment in fixed assets (net) (-€34,892)
- Tangible fixed assets +€15,443
up €15,443 (+4.7%), from €325,718 to €341,161
of which Land and buildings: +€17,078
- Contributions -€140,500
down €140,500 (-88.3%), from €159,100 to €18,600
- Reserves +€67,626
up €67,626 (+51.9%), from €130,237 to €197,863
of which Distributable reserves: +€67,626
- Other debts +€17,752
up €17,752 (+14.4%), from €122,940 to €140,692
- Gross operating margin -€8,670
down €8,670 (-6.2%), from €139,151 to €130,481
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 | €438,678 | €383,518 | -€55,160 | -12.6% |
| Fixed assets | 21/28 | €325,743 | €341,186 | +€15,443 | +4.7% |
| Tangible fixed assets | 22/27 | €325,718 | €341,161 | +€15,443 | +4.7% |
| Land and buildings | 22 | €323,559 | €340,637 | +€17,078 | +5.3% |
| Furniture and vehicles | 24 | €2,160 | €524 | -€1,635 | -75.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €112,935 | €42,332 | -€70,603 | -62.5% |
| Amounts receivable within one year | 40/41 | €19,837 | €18,586 | -€1,252 | -6.3% |
| Trade receivables | 40 | €19,837 | €18,586 | -€1,252 | -6.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €90,718 | €21,987 | -€68,731 | -75.8% |
| Deferred charges and accrued income | 490/1 | €2,380 | €1,760 | -€620 | -26.1% |
| Total equity and liabilities | 10/49 | €438,678 | €383,518 | -€55,160 | -12.6% |
| Equity | 10/15 | €289,337 | €216,463 | -€72,874 | -25.2% |
| Contributions | 10/11 | €159,100 | €18,600 | -€140,500 | -88.3% |
| Reserves | 13 | €130,237 | €197,863 | +€67,626 | +51.9% |
| Non-distributable reserves | 130/1 | €2,103 | €2,103 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,103 | €2,103 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €109,384 | €177,010 | +€67,626 | +61.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €149,341 | €167,055 | +€17,713 | +11.9% |
| Amounts payable within one year | 42/48 | €149,341 | €167,055 | +€17,713 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €563 | €536 | -€27 | -4.9% |
| Credit institutions | 430/8 | €563 | €536 | -€27 | -4.9% |
| Trade debts | 44 | €3,288 | €5,378 | +€2,090 | +63.6% |
| Suppliers | 440/4 | €3,288 | €5,378 | +€2,090 | +63.6% |
| Taxes, remuneration and social security | 45 | €22,550 | €20,449 | -€2,101 | -9.3% |
| Taxes | 450/3 | €19,094 | €20,449 | +€1,355 | +7.1% |
| Remuneration and social security | 454/9 | €3,456 | €0 | -€3,456 | -100% |
| Other amounts payable | 47/48 | €122,940 | €140,692 | +€17,752 | +14.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,413 | €0 | -€2,413 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,974 | €19,450 | +€475 | +2.5% |
| Other operating charges | 640/8 | €2,230 | €2,179 | -€51 | -2.3% |
| Gross operating margin | 9900 | €139,151 | €130,481 | -€8,670 | -6.2% |
| Operating profit (loss) | 9901 | €117,946 | €108,852 | -€9,094 | -7.7% |
| Financial income | 75/76B | €613 | €260 | -€353 | -57.6% |
| Recurring financial income | 75 | €613 | €260 | -€353 | -57.6% |
| Financial charges | 65/66B | €10,026 | €9,532 | -€494 | -4.9% |
| Recurring financial charges | 65 | €10,026 | €9,532 | -€494 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €108,532 | €99,580 | -€8,953 | -8.2% |
| Income taxes | 67/77 | €29,244 | €30,353 | +€1,109 | +3.8% |
| Profit (loss) for the period | 9904 | €79,288 | €69,226 | -€10,062 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €79,288 | €69,226 | -€10,062 | -12.7% |
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 13 October 2026 via checked.be.