PFP-CONSULT: 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.
PFP-CONSULT
Largest movements
- Receivables within one year -€8,921
down €8,921 (-49.4%), from €18,061 to €9,140
of which Trade receivables: -€11,232
- Tangible fixed assets -€6,009
down €6,009 (-2.1%), from €289,764 to €283,755
of which Land and buildings: -€13,708
- Cash -€4,909
down €4,909 (-29.4%), from €16,725 to €11,816
mainly Debts after one year (-€34,082) and Investment in fixed assets (net) (-€17,885)
- Debts after one year -€34,082
down €34,082 (-83.6%), from €40,762 to €6,680
- Other debts +€16,969
up €16,969 (+11.6%), from €146,144 to €163,113
- Reserves +€6,816
up €6,816 (+2.9%), from €232,624 to €239,441
of which Non-distributable reserves: +€23,167
- Tax, wage and social debts -€6,355
down €6,355 (-96.0%), from €6,621 to €266
of which Taxes: -€3,955
- Gross operating margin +€8,182
up €8,182 (+37.0%), from €22,105 to €30,288
- Financial income -€3,786
down €3,786 (-31.0%), from €12,213 to €8,428
- Depreciation +€2,298
up €2,298 (+10.6%), from €21,595 to €23,894
- Other operating charges -€764
down €764 (-20.8%), from €3,669 to €2,905
- Taxes +€666
up €666 (+371.3%), from €179 to €846
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 | €430,622 | €413,752 | -€16,870 | -3.9% |
| Fixed assets | 21/28 | €289,769 | €283,760 | -€6,009 | -2.1% |
| Tangible fixed assets | 22/27 | €289,764 | €283,755 | -€6,009 | -2.1% |
| Land and buildings | 22 | €283,558 | €269,849 | -€13,708 | -4.8% |
| Plant, machinery and equipment | 23 | €1,870 | €0 | -€1,870 | -100.0% |
| Furniture and vehicles | 24 | €4,336 | €13,906 | +€9,569 | +220.7% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €140,853 | €129,992 | -€10,862 | -7.7% |
| Amounts receivable within one year | 40/41 | €18,061 | €9,140 | -€8,921 | -49.4% |
| Trade receivables | 40 | €16,873 | €5,641 | -€11,232 | -66.6% |
| Other amounts receivable | 41 | €1,188 | €3,499 | +€2,311 | +194.5% |
| Current investments | 50/53 | €105,659 | €107,880 | +€2,220 | +2.1% |
| Cash at bank and in hand | 54/58 | €16,725 | €11,816 | -€4,909 | -29.4% |
| Deferred charges and accrued income | 490/1 | €409 | €1,157 | +€748 | +183.1% |
| Total equity and liabilities | 10/49 | €430,622 | €413,752 | -€16,870 | -3.9% |
| Equity | 10/15 | €196,836 | €203,652 | +€6,816 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €232,624 | €239,441 | +€6,816 | +2.9% |
| Non-distributable reserves | 130/1 | €1,860 | €25,027 | +€23,167 | +1245.5% |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | €1,860 | €23,167 | +€21,307 | +1145.5% |
| Distributable reserves | 133 | €230,764 | €214,413 | -€16,351 | -7.1% |
| Profit (loss) carried forward | 14 | -€54,389 | -€54,389 | = | 0.0% |
| Amounts payable | 17/49 | €233,786 | €210,100 | -€23,687 | -10.1% |
| Amounts payable after more than one year | 17 | €40,762 | €6,680 | -€34,082 | -83.6% |
| Financial debts | 170/4 | €40,762 | €6,680 | -€34,082 | -83.6% |
| Amounts payable within one year | 42/48 | €193,024 | €203,420 | +€10,395 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €34,572 | €34,082 | -€490 | -1.4% |
| Trade debts | 44 | €5,688 | €5,959 | +€271 | +4.8% |
| Suppliers | 440/4 | €5,688 | €5,959 | +€271 | +4.8% |
| Taxes, remuneration and social security | 45 | €6,621 | €266 | -€6,355 | -96.0% |
| Taxes | 450/3 | €4,221 | €266 | -€3,955 | -93.7% |
| Remuneration and social security | 454/9 | €2,400 | €0 | -€2,400 | -100.0% |
| Other amounts payable | 47/48 | €146,144 | €163,113 | +€16,969 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,595 | €23,894 | +€2,298 | +10.6% |
| Other operating charges | 640/8 | €3,669 | €2,905 | -€764 | -20.8% |
| Gross operating margin | 9900 | €22,105 | €30,288 | +€8,182 | +37.0% |
| Operating profit (loss) | 9901 | -€3,159 | €3,489 | +€6,648 | |
| Financial income | 75/76B | €12,213 | €8,428 | -€3,786 | -31.0% |
| Recurring financial income | 75 | €12,213 | €8,428 | -€3,786 | -31.0% |
| Financial charges | 65/66B | €3,646 | €4,254 | +€608 | +16.7% |
| Recurring financial charges | 65 | €3,646 | €4,254 | +€608 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €5,409 | €7,662 | +€2,254 | +41.7% |
| Income taxes | 67/77 | €179 | €846 | +€666 | +371.3% |
| Profit (loss) for the period | 9904 | €5,229 | €6,816 | +€1,587 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,229 | €6,816 | +€1,587 | +30.4% |
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 6 October 2026 via checked.be.