P.A. Conseils: 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.
P.A. Conseils
Largest movements
- Receivables within one year -€209,542
down €209,542 (-69.3%), from €302,186 to €92,643
of which Other amounts receivable: -€211,616
- Receivables after one year +€200,000
new in 2025: €200,000
- Cash -€101,949
down €101,949 (-87.2%), from €116,934 to €14,985
mainly Receivables after one year (-€200,000) and Other debts (-€95,340)
- Intangible fixed assets -€95,865
down €95,865 (-24.5%), from €391,762 to €295,898
- Deferred charges and accrued income +€12,681
up €12,681 (+30.8%), from €41,122 to €53,803
- Other debts -€95,340
down €95,340 (-86.1%), from €110,759 to €15,419
- Debts after one year -€59,496
down €59,496 (-12.7%), from €469,357 to €409,861
- Accrued charges and deferred income -€25,754
down €25,754 (-99.0%), from €26,004 to €250
- Gross operating margin +€93,712
up €93,712 (+78.6%), from €119,209 to €212,921
- Depreciation +€43,471
up €43,471 (+86.1%), from €50,496 to €93,967
- Staff costs +€39,103
up €39,103 (+78.3%), from €49,927 to €89,029
- Financial charges +€15,196
up €15,196 (+960%), from €1,584 to €16,779
- Taxes +€2,533
up €2,533 (+84.8%), from €2,988 to €5,521
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 | €981,506 | €798,240 | -€183,267 | -18.7% |
| Fixed assets | 21/28 | €521,265 | €436,808 | -€84,456 | -16.2% |
| Intangible fixed assets | 21 | €391,762 | €295,898 | -€95,865 | -24.5% |
| Tangible fixed assets | 22/27 | €129,248 | €140,656 | +€11,408 | +8.8% |
| Land and buildings | 22 | €106,769 | €101,928 | -€4,840 | -4.5% |
| Plant, machinery and equipment | 23 | €1,272 | €637 | -€635 | -49.9% |
| Furniture and vehicles | 24 | €21,207 | €38,091 | +€16,884 | +79.6% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €460,241 | €361,431 | -€98,810 | -21.5% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Amounts receivable within one year | 40/41 | €302,186 | €92,643 | -€209,542 | -69.3% |
| Trade receivables | 40 | €402 | €2,476 | +€2,074 | +516% |
| Other amounts receivable | 41 | €301,784 | €90,168 | -€211,616 | -70.1% |
| Cash at bank and in hand | 54/58 | €116,934 | €14,985 | -€101,949 | -87.2% |
| Deferred charges and accrued income | 490/1 | €41,122 | €53,803 | +€12,681 | +30.8% |
| Total equity and liabilities | 10/49 | €981,506 | €798,240 | -€183,267 | -18.7% |
| Equity | 10/15 | €295,165 | €295,452 | +€287 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €276,565 | €276,852 | +€287 | +0.1% |
| Distributable reserves | 133 | €276,565 | €276,852 | +€287 | +0.1% |
| Amounts payable | 17/49 | €686,342 | €502,788 | -€183,554 | -26.7% |
| Amounts payable after more than one year | 17 | €469,357 | €409,861 | -€59,496 | -12.7% |
| Financial debts | 170/4 | €469,357 | €409,861 | -€59,496 | -12.7% |
| Amounts payable within one year | 42/48 | €190,981 | €92,677 | -€98,304 | -51.5% |
| Current portion of amounts payable after more than one year | 42 | €64,056 | €63,639 | -€417 | -0.7% |
| Trade debts | 44 | €3,259 | €4,060 | +€801 | +24.6% |
| Suppliers | 440/4 | €3,259 | €4,060 | +€801 | +24.6% |
| Taxes, remuneration and social security | 45 | €12,906 | €9,559 | -€3,348 | -25.9% |
| Taxes | 450/3 | €3,260 | - | -€3,260 | |
| Remuneration and social security | 454/9 | €9,646 | €9,559 | -€88 | -0.9% |
| Other amounts payable | 47/48 | €110,759 | €15,419 | -€95,340 | -86.1% |
| Accrued charges and deferred income | 492/3 | €26,004 | €250 | -€25,754 | -99.0% |
| Non-recurring operating income | 76A | - | €4,850 | +€4,850 | |
| Remuneration, social security and pensions | 62 | €49,927 | €89,029 | +€39,103 | +78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,496 | €93,967 | +€43,471 | +86.1% |
| Other operating charges | 640/8 | €8,082 | €7,148 | -€934 | -11.6% |
| Non-recurring operating charges | 66A | €5,402 | €1,020 | -€4,382 | -81.1% |
| Gross operating margin | 9900 | €119,209 | €212,921 | +€93,712 | +78.6% |
| Operating profit (loss) | 9901 | €5,303 | €21,757 | +€16,454 | +310% |
| Financial income | 75/76B | €931 | €830 | -€101 | -10.9% |
| Recurring financial income | 75 | €931 | €830 | -€101 | -10.9% |
| Financial charges | 65/66B | €1,584 | €16,779 | +€15,196 | +960% |
| Recurring financial charges | 65 | €1,584 | €16,779 | +€15,196 | +960% |
| Profit (loss) for the period before taxes | 9903 | €4,650 | €5,808 | +€1,157 | +24.9% |
| Income taxes | 67/77 | €2,988 | €5,521 | +€2,533 | +84.8% |
| Profit (loss) for the period | 9904 | €1,663 | €287 | -€1,376 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,663 | €287 | -€1,376 | -82.7% |
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 21 October 2026 via checked.be.