Verlichting PVD: 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.
Verlichting PVD
Largest movements
- Receivables within one year +€121,496
up €121,496 (+20.2%), from €600,353 to €721,850
of which Trade receivables: +€82,301
- Tangible fixed assets -€59,233
down €59,233 (-9.9%), from €598,921 to €539,688
- Stocks and contracts -€51,625
down €51,625 (-26.2%), from €197,023 to €145,398
- Cash +€36,196
up €36,196 (+122%), from €29,606 to €65,802
mainly Depreciation (+€65,273) and Stocks and contracts (+€51,625)
- Other debts -€40,000
down €40,000 (-91.7%), from €43,617 to €3,617
- Tax, wage and social debts +€26,237
up €26,237 (+74.7%), from €35,108 to €61,344
of which Taxes: +€27,763
- Trade debts +€24,199
up €24,199 (+18.3%), from €132,440 to €156,639
- Reserves +€19,500
up €19,500 (+8.6%), from €225,609 to €245,109
of which Distributable reserves: +€19,500
- Gross operating margin -€68,842
down €68,842 (-22.3%), from €308,405 to €239,563
- Write-downs -€15,834
no longer reported in 2025 (was €15,834)
- Taxes -€13,611
down €13,611 (-57.5%), from €23,682 to €10,072
- Staff costs +€7,099
up €7,099 (+5.6%), from €126,801 to €133,900
- Provisions +€5,000
no longer reported in 2025 (was -€5,000)
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 | €1,433,675 | €1,480,098 | +€46,422 | +3.2% |
| Fixed assets | 21/28 | €598,921 | €539,688 | -€59,233 | -9.9% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €598,921 | €539,688 | -€59,233 | -9.9% |
| Land and buildings | 22 | €387,990 | €360,782 | -€27,208 | -7.0% |
| Plant, machinery and equipment | 23 | €172,961 | €152,486 | -€20,476 | -11.8% |
| Furniture and vehicles | 24 | €37,970 | €26,420 | -€11,549 | -30.4% |
| Current assets | 29/58 | €834,755 | €940,410 | +€105,655 | +12.7% |
| Stocks and contracts in progress | 3 | €197,023 | €145,398 | -€51,625 | -26.2% |
| Stocks | 30/36 | €197,023 | €145,398 | -€51,625 | -26.2% |
| Amounts receivable within one year | 40/41 | €600,353 | €721,850 | +€121,496 | +20.2% |
| Trade receivables | 40 | €322,851 | €405,151 | +€82,301 | +25.5% |
| Other amounts receivable | 41 | €277,503 | €316,698 | +€39,195 | +14.1% |
| Cash at bank and in hand | 54/58 | €29,606 | €65,802 | +€36,196 | +122% |
| Deferred charges and accrued income | 490/1 | €7,772 | €7,360 | -€413 | -5.3% |
| Total equity and liabilities | 10/49 | €1,433,675 | €1,480,098 | +€46,422 | +3.2% |
| Equity | 10/15 | €898,479 | €918,201 | +€19,722 | +2.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €225,609 | €245,109 | +€19,500 | +8.6% |
| Tax-exempt reserves | 132 | €31,250 | €31,250 | = | 0.0% |
| Distributable reserves | 133 | €194,359 | €213,859 | +€19,500 | +10.0% |
| Profit (loss) carried forward | 14 | €654,278 | €654,500 | +€222 | 0.0% |
| Amounts payable | 17/49 | €535,197 | €561,897 | +€26,700 | +5.0% |
| Amounts payable after more than one year | 17 | €263,677 | €266,669 | +€2,992 | +1.1% |
| Financial debts | 170/4 | €263,677 | €266,669 | +€2,992 | +1.1% |
| Amounts payable within one year | 42/48 | €271,520 | €295,227 | +€23,708 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €60,355 | €73,627 | +€13,272 | +22.0% |
| Trade debts | 44 | €132,440 | €156,639 | +€24,199 | +18.3% |
| Suppliers | 440/4 | €132,440 | €156,639 | +€24,199 | +18.3% |
| Taxes, remuneration and social security | 45 | €35,108 | €61,344 | +€26,237 | +74.7% |
| Taxes | 450/3 | €5,810 | €33,573 | +€27,763 | +478% |
| Remuneration and social security | 454/9 | €29,298 | €27,772 | -€1,526 | -5.2% |
| Other amounts payable | 47/48 | €43,617 | €3,617 | -€40,000 | -91.7% |
| Remuneration, social security and pensions | 62 | €126,801 | €133,900 | +€7,099 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,792 | €65,273 | +€3,482 | +5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,834 | - | -€15,834 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,000 | - | +€5,000 | |
| Other operating charges | 640/8 | €5,455 | €9,952 | +€4,496 | +82.4% |
| Gross operating margin | 9900 | €308,405 | €239,563 | -€68,842 | -22.3% |
| Operating profit (loss) | 9901 | €103,523 | €30,438 | -€73,085 | -70.6% |
| Financial income | 75/76B | €11,747 | €9,314 | -€2,434 | -20.7% |
| Recurring financial income | 75 | €11,747 | €9,314 | -€2,434 | -20.7% |
| Financial charges | 65/66B | €9,272 | €9,958 | +€686 | +7.4% |
| Recurring financial charges | 65 | €9,272 | €9,958 | +€686 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €105,998 | €29,794 | -€76,204 | -71.9% |
| Income taxes | 67/77 | €23,682 | €10,072 | -€13,611 | -57.5% |
| Profit (loss) for the period | 9904 | €82,316 | €19,722 | -€62,594 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,316 | €19,722 | -€62,594 | -76.0% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.