PE 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.
PE Consult
Largest movements
- Receivables after one year +€193,793
up €193,793 (+52.1%), from €372,082 to €565,875
- Cash +€75,175
up €75,175 (+94.0%), from €79,965 to €155,139
mainly Net result for the year (+€358,841) and Other debts (+€121,855)
- Tangible fixed assets -€38,493
down €38,493 (-5.5%), from €699,490 to €660,997
of which Land and buildings: -€25,095
- Receivables within one year -€37,711
down €37,711 (-95.1%), from €39,674 to €1,963
of which Other amounts receivable: -€30,014
- Other debts +€121,855
up €121,855, from €0 to €121,855
- Reserves +€93,841
up €93,841 (+11.8%), from €796,322 to €890,163
- Financial income +€302,695
up €302,695 (+415%), from €72,976 to €375,672
- Gross operating margin +€10,978
up €10,978 (+34.1%), from €32,153 to €43,131
- Taxes +€2,744
up €2,744 (+203%), from €1,349 to €4,093
- Depreciation +€1,593
up €1,593 (+4.1%), from €38,851 to €40,444
- Financial charges -€506
down €506 (-4.0%), from €12,520 to €12,014
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 | €3,098,824 | €3,291,321 | +€192,497 | +6.2% |
| Fixed assets | 21/28 | €2,553,946 | €2,515,454 | -€38,493 | -1.5% |
| Tangible fixed assets | 22/27 | €699,490 | €660,997 | -€38,493 | -5.5% |
| Land and buildings | 22 | €627,543 | €602,449 | -€25,095 | -4.0% |
| Plant, machinery and equipment | 23 | €7,966 | €7,059 | -€908 | -11.4% |
| Furniture and vehicles | 24 | €63,980 | €51,490 | -€12,490 | -19.5% |
| Financial fixed assets | 28 | €1,854,457 | €1,854,457 | = | 0.0% |
| Current assets | 29/58 | €544,877 | €775,867 | +€230,990 | +42.4% |
| Amounts receivable after more than one year | 29 | €372,082 | €565,875 | +€193,793 | +52.1% |
| Other amounts receivable | 291 | €372,082 | €565,875 | +€193,793 | +52.1% |
| Amounts receivable within one year | 40/41 | €39,674 | €1,963 | -€37,711 | -95.1% |
| Trade receivables | 40 | €9,635 | €1,938 | -€7,697 | -79.9% |
| Other amounts receivable | 41 | €30,039 | €25 | -€30,014 | -99.9% |
| Current investments | 50/53 | €51,100 | €51,100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €79,965 | €155,139 | +€75,175 | +94.0% |
| Deferred charges and accrued income | 490/1 | €2,056 | €1,790 | -€266 | -13.0% |
| Total equity and liabilities | 10/49 | €3,098,824 | €3,291,321 | +€192,497 | +6.2% |
| Equity | 10/15 | €2,606,335 | €2,700,176 | +€93,841 | +3.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Revaluation surpluses | 12 | €1,807,513 | €1,807,513 | = | 0.0% |
| Reserves | 13 | €796,322 | €890,163 | +€93,841 | +11.8% |
| Distributable reserves | 133 | €796,322 | €890,163 | +€93,841 | +11.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €492,489 | €591,145 | +€98,656 | +20.0% |
| Amounts payable after more than one year | 17 | €461,128 | €438,311 | -€22,817 | -4.9% |
| Financial debts | 170/4 | €461,128 | €438,311 | -€22,817 | -4.9% |
| Amounts payable within one year | 42/48 | €31,361 | €152,834 | +€121,473 | +387% |
| Current portion of amounts payable after more than one year | 42 | €22,265 | €22,817 | +€552 | +2.5% |
| Financial debts | 43 | €2,291 | €219 | -€2,072 | -90.5% |
| Credit institutions | 430/8 | €2,291 | €219 | -€2,072 | -90.5% |
| Trade debts | 44 | €2,652 | €3,730 | +€1,078 | +40.6% |
| Suppliers | 440/4 | €2,652 | €3,730 | +€1,078 | +40.6% |
| Taxes, remuneration and social security | 45 | €4,153 | €4,213 | +€60 | +1.4% |
| Taxes | 450/3 | €4,153 | €4,213 | +€60 | +1.4% |
| Other amounts payable | 47/48 | €0 | €121,855 | +€121,855 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,851 | €40,444 | +€1,593 | +4.1% |
| Other operating charges | 640/8 | €3,194 | €3,411 | +€217 | +6.8% |
| Gross operating margin | 9900 | €32,153 | €43,131 | +€10,978 | +34.1% |
| Operating profit (loss) | 9901 | -€9,892 | -€724 | +€9,168 | +92.7% |
| Financial income | 75/76B | €72,976 | €375,672 | +€302,695 | +415% |
| Recurring financial income | 75 | €72,976 | €375,672 | +€302,695 | +415% |
| Financial charges | 65/66B | €12,520 | €12,014 | -€506 | -4.0% |
| Recurring financial charges | 65 | €12,520 | €12,014 | -€506 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €50,564 | €362,934 | +€312,370 | +618% |
| Income taxes | 67/77 | €1,349 | €4,093 | +€2,744 | +203% |
| Profit (loss) for the period | 9904 | €49,216 | €358,841 | +€309,625 | +629% |
| Profit (loss) for the period to be appropriated | 9905 | €49,216 | €358,841 | +€309,625 | +629% |
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 25 October 2026 via checked.be.