P&VB Consulting: 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&VB Consulting
Largest movements
- Current investments +€498,519
up €498,519 (+623%), from €80,000 to €578,519
- Cash -€29,287
down €29,287 (-14.4%), from €203,338 to €174,051
mainly Current investments (-€498,519) and Investment in fixed assets (net) (-€1,869)
- Receivables within one year -€19,482
down €19,482 (-25.2%), from €77,438 to €57,956
- Reserves +€368,681
up €368,681 (+115%), from €319,854 to €688,535
of which Distributable reserves: +€187,651
- Tax, wage and social debts +€76,002
up €76,002 (+120%), from €63,159 to €139,162
- Gross operating margin +€56,726
up €56,726 (+13.1%), from €431,796 to €488,522
- Taxes +€22,465
up €22,465 (+22.6%), from €99,238 to €121,704
- Financial income +€11,595
up €11,595 (+4,958%), from €234 to €11,829
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 | €387,273 | €830,917 | +€443,644 | +115% |
| Fixed assets | 21/28 | €25,646 | €19,425 | -€6,221 | -24.3% |
| Tangible fixed assets | 22/27 | €25,646 | €19,425 | -€6,221 | -24.3% |
| Plant, machinery and equipment | 23 | €3,810 | €3,957 | +€147 | +3.9% |
| Furniture and vehicles | 24 | €21,835 | €15,467 | -€6,368 | -29.2% |
| Current assets | 29/58 | €361,627 | €811,492 | +€449,865 | +124% |
| Amounts receivable within one year | 40/41 | €77,438 | €57,956 | -€19,482 | -25.2% |
| Trade receivables | 40 | €77,438 | €57,956 | -€19,482 | -25.2% |
| Current investments | 50/53 | €80,000 | €578,519 | +€498,519 | +623% |
| Cash at bank and in hand | 54/58 | €203,338 | €174,051 | -€29,287 | -14.4% |
| Deferred charges and accrued income | 490/1 | €851 | €966 | +€115 | +13.5% |
| Total equity and liabilities | 10/49 | €387,273 | €830,917 | +€443,644 | +115% |
| Equity | 10/15 | €320,854 | €689,535 | +€368,681 | +115% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €319,854 | €688,535 | +€368,681 | +115% |
| Tax-exempt reserves | 132 | €155,770 | €336,800 | +€181,030 | +116% |
| Distributable reserves | 133 | €164,084 | €351,735 | +€187,651 | +114% |
| Amounts payable | 17/49 | €66,418 | €141,382 | +€74,964 | +113% |
| Amounts payable within one year | 42/48 | €66,418 | €140,785 | +€74,367 | +112% |
| Trade debts | 44 | €995 | €336 | -€660 | -66.3% |
| Suppliers | 440/4 | €995 | €336 | -€660 | -66.3% |
| Taxes, remuneration and social security | 45 | €63,159 | €139,162 | +€76,002 | +120% |
| Taxes | 450/3 | €63,159 | €139,162 | +€76,002 | +120% |
| Other amounts payable | 47/48 | €2,263 | €1,288 | -€975 | -43.1% |
| Accrued charges and deferred income | 492/3 | - | €596 | +€596 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,639 | €8,090 | -€4,549 | -36.0% |
| Other operating charges | 640/8 | €181 | €183 | +€2 | +1.3% |
| Gross operating margin | 9900 | €431,796 | €488,522 | +€56,726 | +13.1% |
| Operating profit (loss) | 9901 | €418,976 | €480,248 | +€61,272 | +14.6% |
| Financial income | 75/76B | €234 | €11,829 | +€11,595 | +4,958% |
| Recurring financial income | 75 | €234 | €11,829 | +€11,595 | +4,958% |
| Financial charges | 65/66B | €117 | €1,693 | +€1,576 | +1,343% |
| Recurring financial charges | 65 | €117 | €1,693 | +€1,576 | +1,343% |
| Profit (loss) for the period before taxes | 9903 | €419,093 | €490,385 | +€71,292 | +17.0% |
| Income taxes | 67/77 | €99,238 | €121,704 | +€22,465 | +22.6% |
| Profit (loss) for the period | 9904 | €319,854 | €368,681 | +€48,826 | +15.3% |
| Transfer to tax-exempt reserves | 689 | €155,770 | €181,030 | +€25,260 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €164,084 | €187,651 | +€23,566 | +14.4% |
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 15 October 2026 via checked.be.