PGA 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.
PGA Consulting
Largest movements
- Receivables within one year +€35,466
up €35,466 (+10.5%), from €336,219 to €371,685
of which Other amounts receivable: +€62,042
- Tangible fixed assets -€17,029
down €17,029 (-19.9%), from €85,654 to €68,625
of which Other tangible fixed assets: -€13,450
- Reserves +€86,968
up €86,968 (+21.4%), from €406,904 to €493,872
- Debts after one year -€42,534
down €42,534 (-59.3%), from €71,729 to €29,194
- Trade debts -€23,056
down €23,056 (-76.7%), from €30,079 to €7,023
- Current portion of long-term debt -€16,273
down €16,273 (-27.7%), from €58,807 to €42,534
- Short-term financial debts +€7,539
new in 2025: €7,539
- Gross operating margin -€37,067
down €37,067 (-21.5%), from €172,280 to €135,214
- Financial income +€12,905
up €12,905 (+64.7%), from €19,936 to €32,841
- Taxes -€10,334
down €10,334 (-20.1%), from €51,413 to €41,079
- Financial charges +€5,066
up €5,066 (+57.6%), from €8,792 to €13,857
- Other operating charges +€2,445
up €2,445 (+55.8%), from €4,383 to €6,828
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 | €607,729 | €622,525 | +€14,796 | +2.4% |
| Fixed assets | 21/28 | €224,674 | €207,645 | -€17,029 | -7.6% |
| Tangible fixed assets | 22/27 | €85,654 | €68,625 | -€17,029 | -19.9% |
| Plant, machinery and equipment | 23 | €2,062 | €1,602 | -€459 | -22.3% |
| Furniture and vehicles | 24 | €7,319 | €4,199 | -€3,120 | -42.6% |
| Other tangible fixed assets | 26 | €76,274 | €62,824 | -€13,450 | -17.6% |
| Financial fixed assets | 28 | €139,020 | €139,020 | = | 0.0% |
| Current assets | 29/58 | €383,055 | €414,880 | +€31,825 | +8.3% |
| Amounts receivable within one year | 40/41 | €336,219 | €371,685 | +€35,466 | +10.5% |
| Trade receivables | 40 | €29,194 | €2,617 | -€26,577 | -91.0% |
| Other amounts receivable | 41 | €307,026 | €369,068 | +€62,042 | +20.2% |
| Cash at bank and in hand | 54/58 | €45,589 | €40,069 | -€5,520 | -12.1% |
| Deferred charges and accrued income | 490/1 | €1,247 | €3,126 | +€1,879 | +151% |
| Total equity and liabilities | 10/49 | €607,729 | €622,525 | +€14,796 | +2.4% |
| Equity | 10/15 | €413,154 | €500,122 | +€86,968 | +21.0% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €406,904 | €493,872 | +€86,968 | +21.4% |
| Distributable reserves | 133 | €406,904 | €493,872 | +€86,968 | +21.4% |
| Amounts payable | 17/49 | €194,576 | €122,403 | -€72,172 | -37.1% |
| Amounts payable after more than one year | 17 | €71,729 | €29,194 | -€42,534 | -59.3% |
| Financial debts | 170/4 | €71,729 | €29,194 | -€42,534 | -59.3% |
| Amounts payable within one year | 42/48 | €122,847 | €93,209 | -€29,638 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €58,807 | €42,534 | -€16,273 | -27.7% |
| Financial debts | 43 | - | €7,539 | +€7,539 | |
| Credit institutions | 430/8 | - | €7,539 | +€7,539 | |
| Trade debts | 44 | €30,079 | €7,023 | -€23,056 | -76.7% |
| Suppliers | 440/4 | €30,079 | €7,023 | -€23,056 | -76.7% |
| Taxes, remuneration and social security | 45 | €33,961 | €36,112 | +€2,151 | +6.3% |
| Taxes | 450/3 | €33,961 | €36,112 | +€2,151 | +6.3% |
| Non-recurring operating income | 76A | €11,162 | €37,603 | +€26,441 | +237% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,620 | €19,322 | +€1,702 | +9.7% |
| Other operating charges | 640/8 | €4,383 | €6,828 | +€2,445 | +55.8% |
| Gross operating margin | 9900 | €172,280 | €135,214 | -€37,067 | -21.5% |
| Operating profit (loss) | 9901 | €150,278 | €109,064 | -€41,214 | -27.4% |
| Financial income | 75/76B | €19,936 | €32,841 | +€12,905 | +64.7% |
| Recurring financial income | 75 | €19,936 | €32,841 | +€12,905 | +64.7% |
| Financial charges | 65/66B | €8,792 | €13,857 | +€5,066 | +57.6% |
| Recurring financial charges | 65 | €8,792 | €13,857 | +€5,066 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | €161,422 | €128,047 | -€33,374 | -20.7% |
| Income taxes | 67/77 | €51,413 | €41,079 | -€10,334 | -20.1% |
| Profit (loss) for the period | 9904 | €110,008 | €86,968 | -€23,040 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €110,008 | €86,968 | -€23,040 | -20.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.