PG 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.
PG CONSULTING
Largest movements
- Tangible fixed assets +€688,623
up €688,623 (+31.0%), from €2.2m to €2.9m
of which Land and buildings: +€703,661
- Receivables within one year +€211,915
up €211,915 (+220.1%), from €96,265 to €308,180
of which Other amounts receivable: +€260,748
- Debts after one year +€871,960
up €871,960 (+48.1%), from €1.8m to €2.7m
- Depreciation +€83,827
up €83,827 (+58.3%), from €143,705 to €227,532
- Gross operating margin +€53,470
up €53,470 (+19.3%), from €277,174 to €330,644
- Financial charges +€41,404
up €41,404 (+192.6%), from €21,496 to €62,900
- Taxes -€17,817
down €17,817 (-53.4%), from €33,379 to €15,562
- Financial income +€15,214
up €15,214 (+236.4%), from €6,436 to €21,649
of which Financial income: +€14,800
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 | €2,990,889 | €3,907,274 | +€916,385 | +30.6% |
| Fixed assets | 21/28 | €2,223,861 | €2,912,485 | +€688,623 | +31.0% |
| Tangible fixed assets | 22/27 | €2,223,861 | €2,912,485 | +€688,623 | +31.0% |
| Land and buildings | 22 | €1,996,202 | €2,699,863 | +€703,661 | +35.2% |
| Plant, machinery and equipment | 23 | €3,049 | €2,361 | -€689 | -22.6% |
| Furniture and vehicles | 24 | €144,610 | €130,262 | -€14,348 | -9.9% |
| Other tangible fixed assets | 26 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €767,028 | €994,789 | +€227,761 | +29.7% |
| Amounts receivable within one year | 40/41 | €96,265 | €308,180 | +€211,915 | +220.1% |
| Trade receivables | 40 | €74,333 | €25,500 | -€48,833 | -65.7% |
| Other amounts receivable | 41 | €21,932 | €282,680 | +€260,748 | +1188.9% |
| Current investments | 50/53 | €652,674 | €659,955 | +€7,282 | +1.1% |
| Cash at bank and in hand | 54/58 | €13,593 | €19,794 | +€6,201 | +45.6% |
| Deferred charges and accrued income | 490/1 | €4,496 | €6,860 | +€2,363 | +52.6% |
| Total equity and liabilities | 10/49 | €2,990,889 | €3,907,274 | +€916,385 | +30.6% |
| Equity | 10/15 | €871,632 | €911,182 | +€39,549 | +4.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €863,656 | €902,656 | +€39,000 | +4.5% |
| Distributable reserves | 133 | €863,656 | €902,656 | +€39,000 | +4.5% |
| Profit (loss) carried forward | 14 | €6,976 | €7,525 | +€549 | +7.9% |
| Amounts payable | 17/49 | €2,119,257 | €2,996,092 | +€876,835 | +41.4% |
| Amounts payable after more than one year | 17 | €1,812,306 | €2,684,266 | +€871,960 | +48.1% |
| Financial debts | 170/4 | €1,812,306 | €2,684,266 | +€871,960 | +48.1% |
| Amounts payable within one year | 42/48 | €305,346 | €311,154 | +€5,808 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €112,448 | €134,457 | +€22,010 | +19.6% |
| Financial debts | 43 | - | €17,420 | +€17,420 | |
| Credit institutions | 430/8 | - | €17,420 | +€17,420 | |
| Trade debts | 44 | €8,477 | €4,618 | -€3,859 | -45.5% |
| Suppliers | 440/4 | €8,477 | €4,618 | -€3,859 | -45.5% |
| Taxes, remuneration and social security | 45 | €13,920 | €5,390 | -€8,530 | -61.3% |
| Taxes | 450/3 | €13,920 | €5,390 | -€8,530 | -61.3% |
| Other amounts payable | 47/48 | €170,501 | €149,269 | -€21,232 | -12.5% |
| Accrued charges and deferred income | 492/3 | €1,605 | €673 | -€932 | -58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,705 | €227,532 | +€83,827 | +58.3% |
| Other operating charges | 640/8 | €6,010 | €6,750 | +€740 | +12.3% |
| Gross operating margin | 9900 | €277,174 | €330,644 | +€53,470 | +19.3% |
| Operating profit (loss) | 9901 | €127,459 | €96,362 | -€31,097 | -24.4% |
| Financial income | 75/76B | €6,436 | €21,649 | +€15,214 | +236.4% |
| Recurring financial income | 75 | €6,436 | €21,236 | +€14,800 | +230.0% |
| Non-recurring financial income | 76B | - | €413 | +€413 | |
| Financial charges | 65/66B | €21,496 | €62,900 | +€41,404 | +192.6% |
| Recurring financial charges | 65 | €21,496 | €62,900 | +€41,404 | +192.6% |
| Profit (loss) for the period before taxes | 9903 | €112,398 | €55,111 | -€57,287 | -51.0% |
| Income taxes | 67/77 | €33,379 | €15,562 | -€17,817 | -53.4% |
| Profit (loss) for the period | 9904 | €79,019 | €39,549 | -€39,470 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €79,019 | €39,549 | -€39,470 | -49.9% |
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.