PVSolutions: what changed
Two fiscal 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.
PVSolutions
Largest movements
- Cash +€55,781
up €55,781 (+56.0%), from €99,607 to €155,388
mainly Net result for the year (+€78,439) and Depreciation (+€851)
- Receivables within one year +€19,336
up €19,336 (+326.1%), from €5,929 to €25,265
- Tangible fixed assets +€2,777
up €2,777 (+103.1%), from €2,695 to €5,472
of which Furniture and vehicles: +€1,495
- Profit (loss) carried forward +€78,439
up €78,439 (+99.4%), from €78,899 to €157,338
No income-statement line moved by more than 1% of the activity.
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 | €109,873 | €187,646 | +€77,773 | +70.8% |
| Formation expenses | 20 | €601 | €447 | -€154 | -25.6% |
| Fixed assets | 21/28 | €2,695 | €5,472 | +€2,777 | +103.1% |
| Tangible fixed assets | 22/27 | €2,695 | €5,472 | +€2,777 | +103.1% |
| Plant, machinery and equipment | 23 | €376 | €1,658 | +€1,282 | +340.7% |
| Furniture and vehicles | 24 | €2,318 | €3,814 | +€1,495 | +64.5% |
| Current assets | 29/58 | €106,577 | €181,727 | +€75,150 | +70.5% |
| Amounts receivable within one year | 40/41 | €5,929 | €25,265 | +€19,336 | +326.1% |
| Trade receivables | 40 | €5,929 | €25,265 | +€19,336 | +326.1% |
| Cash at bank and in hand | 54/58 | €99,607 | €155,388 | +€55,781 | +56.0% |
| Deferred charges and accrued income | 490/1 | €1,042 | €1,074 | +€33 | +3.1% |
| Total equity and liabilities | 10/49 | €109,873 | €187,646 | +€77,773 | +70.8% |
| Equity | 10/15 | €81,399 | €159,838 | +€78,439 | +96.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,899 | €157,338 | +€78,439 | +99.4% |
| Amounts payable | 17/49 | €28,474 | €27,808 | -€666 | -2.3% |
| Amounts payable within one year | 42/48 | €28,474 | €27,808 | -€666 | -2.3% |
| Trade debts | 44 | €1,437 | €882 | -€555 | -38.6% |
| Suppliers | 440/4 | €1,437 | €882 | -€555 | -38.6% |
| Taxes, remuneration and social security | 45 | €27,037 | €26,582 | -€455 | -1.7% |
| Taxes | 450/3 | €27,037 | €26,582 | -€455 | -1.7% |
| Other amounts payable | 47/48 | - | €344 | +€344 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €437 | €851 | +€414 | +94.7% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €99,792 | €99,804 | +€12 | 0.0% |
| Operating profit (loss) | 9901 | €99,305 | €98,953 | -€352 | -0.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | - | €139 | +€139 | |
| Recurring financial charges | 65 | - | €139 | +€139 | |
| Profit (loss) for the period before taxes | 9903 | €99,305 | €98,814 | -€491 | -0.5% |
| Income taxes | 67/77 | €20,406 | €20,375 | -€31 | -0.2% |
| Profit (loss) for the period | 9904 | €78,899 | €78,439 | -€459 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,899 | €78,439 | -€459 | -0.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.