P.V. - CONSULT: 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.V. - CONSULT
Largest movements
- Cash -€789,251
down €789,251 (-97.7%), from €808,123 to €18,872
mainly Other debts (-€272,750) and Current investments (-€188,202)
- Current investments +€188,202
new in 2026: €188,202
- Deferred charges and accrued income +€34,730
up €34,730 (+21192.3%), from €164 to €34,894
- Tangible fixed assets +€30,609
up €30,609 (+2.7%), from €1.2m to €1.2m
of which Land and buildings: +€32,731
- Other debts -€272,750
down €272,750 (-92.3%), from €295,566 to €22,816
- Debts after one year -€86,763
down €86,763 (-100.0%), from €86,763 to €0
- Reserves -€64,427
down €64,427 (-4.4%), from €1.5m to €1.4m
of which Tax-exempt reserves: -€37,867
- Tax, wage and social debts -€48,835
down €48,835 (-83.5%), from €58,461 to €9,627
of which Taxes: -€51,335
- Accrued charges and deferred income -€24,781
down €24,781 (-83.3%), from €29,763 to €4,982
- Gross operating margin -€479,240
down €479,240 (-93.1%), from €514,705 to €35,465
- Financial income -€353,385
down €353,385 (-90.8%), from €389,384 to €35,999
- Taxes -€161,491
down €161,491 (-100.0%), from €161,555 to €64
- Financial charges -€147,765
down €147,765 (-96.9%), from €152,430 to €4,665
of which Non-recurring financial charges: -€123,097
- Depreciation +€6,261
up €6,261 (+7.1%), from €88,776 to €95,037
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,199,696 | €1,684,188 | -€515,508 | -23.4% |
| Fixed assets | 21/28 | €1,152,793 | €1,183,402 | +€30,609 | +2.7% |
| Tangible fixed assets | 22/27 | €1,152,793 | €1,183,402 | +€30,609 | +2.7% |
| Land and buildings | 22 | €1,113,292 | €1,146,024 | +€32,731 | +2.9% |
| Plant, machinery and equipment | 23 | €10,702 | €9,646 | -€1,055 | -9.9% |
| Furniture and vehicles | 24 | €24,799 | €23,732 | -€1,067 | -4.3% |
| Other tangible fixed assets | 26 | €4,000 | €4,000 | = | 0.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,046,903 | €500,786 | -€546,117 | -52.2% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,616 | €58,817 | +€20,201 | +52.3% |
| Trade receivables | 40 | €35,729 | €39,060 | +€3,331 | +9.3% |
| Other amounts receivable | 41 | €2,887 | €19,757 | +€16,871 | +584.4% |
| Current investments | 50/53 | - | €188,202 | +€188,202 | |
| Cash at bank and in hand | 54/58 | €808,123 | €18,872 | -€789,251 | -97.7% |
| Deferred charges and accrued income | 490/1 | €164 | €34,894 | +€34,730 | +21192.3% |
| Total equity and liabilities | 10/49 | €2,199,696 | €1,684,188 | -€515,508 | -23.4% |
| Equity | 10/15 | €1,531,708 | €1,467,281 | -€64,427 | -4.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,469,734 | €1,405,308 | -€64,427 | -4.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €497,442 | €459,575 | -€37,867 | -7.6% |
| Distributable reserves | 133 | €966,095 | €939,535 | -€26,560 | -2.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €165,814 | €153,192 | -€12,622 | -7.6% |
| Deferred taxes | 168 | €165,814 | €153,192 | -€12,622 | -7.6% |
| Amounts payable | 17/49 | €502,174 | €63,715 | -€438,459 | -87.3% |
| Amounts payable after more than one year | 17 | €86,763 | €0 | -€86,763 | -100.0% |
| Financial debts | 170/4 | €86,763 | €0 | -€86,763 | -100.0% |
| Amounts payable within one year | 42/48 | €385,649 | €58,733 | -€326,915 | -84.8% |
| Trade debts | 44 | €31,621 | €26,290 | -€5,331 | -16.9% |
| Suppliers | 440/4 | €31,621 | €26,290 | -€5,331 | -16.9% |
| Taxes, remuneration and social security | 45 | €58,461 | €9,627 | -€48,835 | -83.5% |
| Taxes | 450/3 | €58,461 | €7,127 | -€51,335 | -87.8% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €295,566 | €22,816 | -€272,750 | -92.3% |
| Accrued charges and deferred income | 492/3 | €29,763 | €4,982 | -€24,781 | -83.3% |
| Non-recurring operating income | 76A | €267,609 | €0 | -€267,609 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,776 | €95,037 | +€6,261 | +7.1% |
| Other operating charges | 640/8 | €9,773 | €15,154 | +€5,381 | +55.1% |
| Gross operating margin | 9900 | €514,705 | €35,465 | -€479,240 | -93.1% |
| Operating profit (loss) | 9901 | €416,157 | -€74,727 | -€490,883 | |
| Financial income | 75/76B | €389,384 | €35,999 | -€353,385 | -90.8% |
| Recurring financial income | 75 | €389,384 | €35,999 | -€353,385 | -90.8% |
| Financial charges | 65/66B | €152,430 | €4,665 | -€147,765 | -96.9% |
| Recurring financial charges | 65 | €29,333 | €4,665 | -€24,668 | -84.1% |
| Non-recurring financial charges | 66B | €123,097 | €0 | -€123,097 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €653,111 | -€43,393 | -€696,503 | |
| Transfer from deferred taxes | 780 | €14,274 | €12,622 | -€1,652 | -11.6% |
| Income taxes | 67/77 | €161,555 | €64 | -€161,491 | -100.0% |
| Profit (loss) for the period | 9904 | €505,829 | -€30,835 | -€536,664 | |
| Transfer from tax-exempt reserves | 789 | €42,821 | €37,867 | -€4,955 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €548,650 | €7,032 | -€541,619 | -98.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.