PVZ-D: 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.
PVZ-D
Largest movements
- Receivables after one year -€15,000
no longer reported in 2025 (was €15,000)
- Cash -€12,006
down €12,006 (-35.4%), from €33,933 to €21,927
mainly Contributions, distributions and other (-€31,647) and Tax, wage and social debts (-€8,266)
- Receivables within one year -€4,213
down €4,213 (-27.3%), from €15,416 to €11,203
of which Other amounts receivable: -€3,763
- Profit (loss) carried forward -€36,856
down €36,856 (-67.4%), from €54,676 to €17,820
- Other debts +€14,000
new in 2025: €14,000
- Tax, wage and social debts -€8,266
no longer reported in 2025 (was €8,266)
of which Taxes: -€6,166
- Gross operating margin -€52,132
down €52,132, from €47,309 to -€4,824
- Taxes -€9,623
down €9,623 (-100.0%), from €9,623 to €0
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 | €66,515 | €34,820 | -€31,695 | -47.7% |
| Fixed assets | 21/28 | €1,580 | €1,064 | -€516 | -32.7% |
| Tangible fixed assets | 22/27 | €1,580 | €1,064 | -€516 | -32.7% |
| Furniture and vehicles | 24 | €1,580 | €1,064 | -€516 | -32.7% |
| Current assets | 29/58 | €64,935 | €33,756 | -€31,179 | -48.0% |
| Amounts receivable after more than one year | 29 | €15,000 | - | -€15,000 | |
| Other amounts receivable | 291 | €15,000 | - | -€15,000 | |
| Amounts receivable within one year | 40/41 | €15,416 | €11,203 | -€4,213 | -27.3% |
| Trade receivables | 40 | €450 | - | -€450 | |
| Other amounts receivable | 41 | €14,966 | €11,203 | -€3,763 | -25.1% |
| Cash at bank and in hand | 54/58 | €33,933 | €21,927 | -€12,006 | -35.4% |
| Deferred charges and accrued income | 490/1 | €586 | €626 | +€40 | +6.7% |
| Total equity and liabilities | 10/49 | €66,515 | €34,820 | -€31,695 | -47.7% |
| Equity | 10/15 | €57,676 | €20,820 | -€36,856 | -63.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,676 | €17,820 | -€36,856 | -67.4% |
| Amounts payable | 17/49 | €8,839 | €14,000 | +€5,161 | +58.4% |
| Amounts payable within one year | 42/48 | €8,839 | €14,000 | +€5,161 | +58.4% |
| Trade debts | 44 | €573 | - | -€573 | |
| Suppliers | 440/4 | €573 | - | -€573 | |
| Taxes, remuneration and social security | 45 | €8,266 | - | -€8,266 | |
| Taxes | 450/3 | €6,166 | - | -€6,166 | |
| Remuneration and social security | 454/9 | €2,100 | - | -€2,100 | |
| Other amounts payable | 47/48 | - | €14,000 | +€14,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €883 | €921 | +€39 | +4.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €47,309 | -€4,824 | -€52,132 | |
| Operating profit (loss) | 9901 | €46,039 | -€6,145 | -€52,183 | |
| Financial income | 75/76B | €1,313 | €1,049 | -€264 | -20.1% |
| Recurring financial income | 75 | €1,313 | €1,049 | -€264 | -20.1% |
| Financial charges | 65/66B | €525 | €113 | -€412 | -78.4% |
| Recurring financial charges | 65 | €525 | €113 | -€412 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | €46,827 | -€5,209 | -€52,036 | |
| Income taxes | 67/77 | €9,623 | €0 | -€9,623 | -100.0% |
| Profit (loss) for the period | 9904 | €37,204 | -€5,209 | -€42,412 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,204 | -€5,209 | -€42,412 |
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 13 October 2026 via checked.be.