PDV Consulting: what changed
Two fiscal 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.
PDV Consulting
Largest movements
- Current investments +€152,000
new in 2025: €152,000
- Cash -€88,831
down €88,831 (-95.9%), from €92,631 to €3,800
mainly Current investments (-€152,000) and Debts after one year (-€12,306)
- Tangible fixed assets -€12,282
down €12,282 (-20.2%), from €60,938 to €48,656
- Receivables within one year -€2,539
down €2,539 (-14.9%), from €17,059 to €14,520
of which Trade receivables: -€2,420
- Reserves +€45,879
new in 2025: €45,879
- Debts after one year -€12,306
down €12,306 (-32.3%), from €38,060 to €25,754
- Tax, wage and social debts +€10,262
up €10,262 (+44.5%), from €23,055 to €33,317
of which Taxes: +€10,236
- Other debts +€2,866
new in 2025: €2,866
- Gross operating margin -€43,060
down €43,060 (-35.0%), from €122,904 to €79,844
- Depreciation +€11,812
up €11,812 (+2514.3%), from €470 to €12,282
- Taxes -€7,520
down €7,520 (-29.8%), from €25,214 to €17,695
- Financial charges +€1,671
up €1,671 (+16707500.0%), from €0 to €1,671
- Other operating charges -€1,478
down €1,478 (-69.1%), from €2,138 to €660
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.
Cash bridge derived
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 | €171,040 | €218,976 | +€47,936 | +28.0% |
| Fixed assets | 21/28 | €60,938 | €48,656 | -€12,282 | -20.2% |
| Tangible fixed assets | 22/27 | €60,938 | €48,656 | -€12,282 | -20.2% |
| Furniture and vehicles | 24 | €60,938 | €48,656 | -€12,282 | -20.2% |
| Current assets | 29/58 | €110,102 | €170,320 | +€60,218 | +54.7% |
| Amounts receivable within one year | 40/41 | €17,059 | €14,520 | -€2,539 | -14.9% |
| Trade receivables | 40 | €16,940 | €14,520 | -€2,420 | -14.3% |
| Other amounts receivable | 41 | €119 | - | -€119 | |
| Current investments | 50/53 | - | €152,000 | +€152,000 | |
| Cash at bank and in hand | 54/58 | €92,631 | €3,800 | -€88,831 | -95.9% |
| Deferred charges and accrued income | 490/1 | €412 | - | -€412 | |
| Total equity and liabilities | 10/49 | €171,040 | €218,976 | +€47,936 | +28.0% |
| Equity | 10/15 | €96,179 | €142,058 | +€45,879 | +47.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €45,879 | +€45,879 | |
| Distributable reserves | 133 | - | €45,879 | +€45,879 | |
| Profit (loss) carried forward | 14 | €92,179 | €92,179 | = | 0.0% |
| Amounts payable | 17/49 | €74,861 | €76,918 | +€2,057 | +2.7% |
| Amounts payable after more than one year | 17 | €38,060 | €25,754 | -€12,306 | -32.3% |
| Financial debts | 170/4 | €38,060 | €25,754 | -€12,306 | -32.3% |
| Amounts payable within one year | 42/48 | €36,801 | €51,164 | +€14,363 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €11,940 | €12,306 | +€366 | +3.1% |
| Trade debts | 44 | €1,806 | €2,675 | +€870 | +48.2% |
| Suppliers | 440/4 | €1,806 | €2,675 | +€870 | +48.2% |
| Taxes, remuneration and social security | 45 | €23,055 | €33,317 | +€10,262 | +44.5% |
| Taxes | 450/3 | €20,308 | €30,545 | +€10,236 | +50.4% |
| Remuneration and social security | 454/9 | €2,747 | €2,772 | +€26 | +0.9% |
| Other amounts payable | 47/48 | - | €2,866 | +€2,866 | |
| Non-recurring operating income | 76A | €4,210 | - | -€4,210 | |
| Remuneration, social security and pensions | 62 | €2,902 | €1,658 | -€1,244 | -42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €470 | €12,282 | +€11,812 | +2514.3% |
| Other operating charges | 640/8 | €2,138 | €660 | -€1,478 | -69.1% |
| Gross operating margin | 9900 | €122,904 | €79,844 | -€43,060 | -35.0% |
| Operating profit (loss) | 9901 | €117,394 | €65,244 | -€52,149 | -44.4% |
| Financial charges | 65/66B | €0 | €1,671 | +€1,671 | +16707500.0% |
| Recurring financial charges | 65 | €0 | €1,671 | +€1,671 | +16707500.0% |
| Profit (loss) for the period before taxes | 9903 | €117,394 | €63,573 | -€53,820 | -45.8% |
| Income taxes | 67/77 | €25,214 | €17,695 | -€7,520 | -29.8% |
| Profit (loss) for the period | 9904 | €92,179 | €45,879 | -€46,300 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €92,179 | €45,879 | -€46,300 | -50.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.