PGB 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.
PGB Consult
Largest movements
- Current investments -€282,600
down €282,600 (-98.1%), from €288,200 to €5,600
- Receivables after one year -€208,371
no longer reported in 2025 (was €208,371)
- Tangible fixed assets +€192,496
up €192,496 (+117813.8%), from €163 to €192,659
of which Land and buildings: +€149,639
- Cash -€101,956
down €101,956 (-67.5%), from €151,073 to €49,118
mainly Contributions, distributions and other (-€568,000) and Debts after one year (-€208,371)
- Receivables within one year -€26,780
down €26,780 (-32.5%), from €82,331 to €55,551
of which Trade receivables: -€32,331
- Reserves -€394,895
down €394,895 (-99.8%), from €395,508 to €613
- Other debts +€217,546
up €217,546 (+2329.6%), from €9,338 to €226,884
- Debts after one year -€208,371
no longer reported in 2025 (was €208,371)
- Tax, wage and social debts -€48,098
down €48,098 (-42.4%), from €113,491 to €65,393
- Gross operating margin -€15,442
down €15,442 (-6.6%), from €234,704 to €219,262
- Taxes -€10,563
down €10,563 (-18.6%), from €56,691 to €46,128
- Financial income +€5,586
up €5,586 (+185.8%), from €3,006 to €8,592
- Depreciation +€3,949
up €3,949 (+1709.1%), from €231 to €4,180
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 | €730,894 | €303,923 | -€426,971 | -58.4% |
| Fixed assets | 21/28 | €163 | €192,659 | +€192,496 | +117813.8% |
| Tangible fixed assets | 22/27 | €163 | €192,659 | +€192,496 | +117813.8% |
| Land and buildings | 22 | - | €149,639 | +€149,639 | |
| Furniture and vehicles | 24 | €163 | €43,021 | +€42,857 | +26230.1% |
| Current assets | 29/58 | €730,730 | €111,263 | -€619,467 | -84.8% |
| Amounts receivable after more than one year | 29 | €208,371 | - | -€208,371 | |
| Other amounts receivable | 291 | €208,371 | - | -€208,371 | |
| Amounts receivable within one year | 40/41 | €82,331 | €55,551 | -€26,780 | -32.5% |
| Trade receivables | 40 | €82,331 | €50,000 | -€32,331 | -39.3% |
| Other amounts receivable | 41 | - | €5,551 | +€5,551 | |
| Current investments | 50/53 | €288,200 | €5,600 | -€282,600 | -98.1% |
| Cash at bank and in hand | 54/58 | €151,073 | €49,118 | -€101,956 | -67.5% |
| Deferred charges and accrued income | 490/1 | €755 | €994 | +€239 | +31.7% |
| Total equity and liabilities | 10/49 | €730,894 | €303,923 | -€426,971 | -58.4% |
| Equity | 10/15 | €398,008 | €3,113 | -€394,895 | -99.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €395,508 | €613 | -€394,895 | -99.8% |
| Distributable reserves | 133 | €395,508 | €613 | -€394,895 | -99.8% |
| Amounts payable | 17/49 | €332,886 | €300,810 | -€32,077 | -9.6% |
| Amounts payable after more than one year | 17 | €208,371 | - | -€208,371 | |
| Financial debts | 170/4 | €208,371 | - | -€208,371 | |
| Amounts payable within one year | 42/48 | €124,515 | €300,810 | +€176,294 | +141.6% |
| Trade debts | 44 | €1,686 | €8,532 | +€6,846 | +406.1% |
| Suppliers | 440/4 | €1,686 | €8,532 | +€6,846 | +406.1% |
| Taxes, remuneration and social security | 45 | €113,491 | €65,393 | -€48,098 | -42.4% |
| Taxes | 450/3 | €113,491 | €65,393 | -€48,098 | -42.4% |
| Other amounts payable | 47/48 | €9,338 | €226,884 | +€217,546 | +2329.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231 | €4,180 | +€3,949 | +1709.1% |
| Other operating charges | 640/8 | €182 | €1,453 | +€1,271 | +698.7% |
| Gross operating margin | 9900 | €234,704 | €219,262 | -€15,442 | -6.6% |
| Operating profit (loss) | 9901 | €234,291 | €213,628 | -€20,663 | -8.8% |
| Financial income | 75/76B | €3,006 | €8,592 | +€5,586 | +185.8% |
| Recurring financial income | 75 | €3,006 | €8,592 | +€5,586 | +185.8% |
| Financial charges | 65/66B | €1,439 | €2,986 | +€1,547 | +107.5% |
| Recurring financial charges | 65 | €1,439 | €2,986 | +€1,547 | +107.5% |
| Profit (loss) for the period before taxes | 9903 | €235,857 | €219,233 | -€16,624 | -7.0% |
| Income taxes | 67/77 | €56,691 | €46,128 | -€10,563 | -18.6% |
| Profit (loss) for the period | 9904 | €179,166 | €173,105 | -€6,060 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €179,166 | €173,105 | -€6,060 | -3.4% |
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.