PVVL: 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.
PVVL
Largest movements
- Cash -€3,449
down €3,449 (-88.2%), from €3,909 to €460
mainly Trade debts (-€4,639) and Receivables within one year (-€2,453)
- Receivables within one year +€2,453
up €2,453 (+23.4%), from €10,463 to €12,915
of which Trade receivables: +€2,224
- Tangible fixed assets -€1,246
no longer reported in 2025 (was €1,246)
- Stocks and contracts +€550
new in 2025: €550
- Trade debts -€4,639
down €4,639 (-85.5%), from €5,425 to €786
- Other debts +€4,561
up €4,561 (+88.8%), from €5,136 to €9,697
- Profit (loss) carried forward -€1,615
down €1,615 (-154.9%), from -€1,043 to -€2,658
- Gross operating margin -€1,300
down €1,300 (-77.1%), from €1,686 to €386
- Depreciation -€283
no longer reported in 2025 (was €283)
- Other operating charges +€244
up €244 (+55.9%), from €437 to €681
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 | €15,618 | €13,925 | -€1,693 | -10.8% |
| Fixed assets | 21/28 | €1,246 | - | -€1,246 | |
| Tangible fixed assets | 22/27 | €1,246 | - | -€1,246 | |
| Plant, machinery and equipment | 23 | €1,246 | - | -€1,246 | |
| Current assets | 29/58 | €14,372 | €13,925 | -€447 | -3.1% |
| Stocks and contracts in progress | 3 | - | €550 | +€550 | |
| Stocks | 30/36 | - | €550 | +€550 | |
| Amounts receivable within one year | 40/41 | €10,463 | €12,915 | +€2,453 | +23.4% |
| Trade receivables | 40 | €10,282 | €12,506 | +€2,224 | +21.6% |
| Other amounts receivable | 41 | €181 | €409 | +€228 | +126.5% |
| Cash at bank and in hand | 54/58 | €3,909 | €460 | -€3,449 | -88.2% |
| Total equity and liabilities | 10/49 | €15,618 | €13,925 | -€1,693 | -10.8% |
| Equity | 10/15 | €5,058 | €3,443 | -€1,615 | -31.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,100 | €1,100 | = | 0.0% |
| Distributable reserves | 133 | €1,100 | €1,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,043 | -€2,658 | -€1,615 | -154.9% |
| Amounts payable | 17/49 | €10,561 | €10,483 | -€78 | -0.7% |
| Amounts payable within one year | 42/48 | €10,561 | €10,483 | -€78 | -0.7% |
| Trade debts | 44 | €5,425 | €786 | -€4,639 | -85.5% |
| Suppliers | 440/4 | €5,425 | €786 | -€4,639 | -85.5% |
| Other amounts payable | 47/48 | €5,136 | €9,697 | +€4,561 | +88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283 | - | -€283 | |
| Other operating charges | 640/8 | €437 | €681 | +€244 | +55.9% |
| Non-recurring operating charges | 66A | - | €1,246 | +€1,246 | |
| Gross operating margin | 9900 | €1,686 | €386 | -€1,300 | -77.1% |
| Operating profit (loss) | 9901 | €966 | -€1,541 | -€2,507 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €86 | €85 | -€1 | -0.7% |
| Recurring financial charges | 65 | €86 | €85 | -€1 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €880 | -€1,615 | -€2,495 | |
| Profit (loss) for the period | 9904 | €880 | -€1,615 | -€2,495 | |
| Profit (loss) for the period to be appropriated | 9905 | €880 | -€1,615 | -€2,495 |
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 11 October 2026 via checked.be.