PGH 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.
PGH CONSULT
Largest movements
- Receivables within one year +€77,901
up €77,901 (+77.9%), from €100,000 to €177,901
of which Other amounts receivable: +€177,901
- Debts after one year +€145,000
up €145,000 (+48.3%), from €300,000 to €445,000
- Other debts -€75,000
no longer reported in 2025 (was €75,000)
- Reserves +€32,263
up €32,263 (+27.2%), from €118,833 to €151,096
- Tax, wage and social debts -€18,168
down €18,168 (-86.2%), from €21,082 to €2,914
- Gross operating margin -€12,948
down €12,948 (-22.1%), from €58,634 to €45,686
- Taxes -€3,548
down €3,548 (-22.7%), from €15,647 to €12,099
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 | €959,915 | €1,044,011 | +€84,096 | +8.8% |
| Fixed assets | 21/28 | €850,000 | €850,000 | = | 0.0% |
| Financial fixed assets | 28 | €850,000 | €850,000 | = | 0.0% |
| Current assets | 29/58 | €109,915 | €194,011 | +€84,096 | +76.5% |
| Amounts receivable within one year | 40/41 | €100,000 | €177,901 | +€77,901 | +77.9% |
| Trade receivables | 40 | €100,000 | - | -€100,000 | |
| Other amounts receivable | 41 | - | €177,901 | +€177,901 | |
| Cash at bank and in hand | 54/58 | €9,915 | €16,110 | +€6,195 | +62.5% |
| Total equity and liabilities | 10/49 | €959,915 | €1,044,011 | +€84,096 | +8.8% |
| Equity | 10/15 | €563,833 | €596,096 | +€32,263 | +5.7% |
| Contributions | 10/11 | €445,000 | €445,000 | = | 0.0% |
| Reserves | 13 | €118,833 | €151,096 | +€32,263 | +27.2% |
| Distributable reserves | 133 | €118,833 | €151,096 | +€32,263 | +27.2% |
| Amounts payable | 17/49 | €396,082 | €447,914 | +€51,832 | +13.1% |
| Amounts payable after more than one year | 17 | €300,000 | €445,000 | +€145,000 | +48.3% |
| Financial debts | 170/4 | €300,000 | €445,000 | +€145,000 | +48.3% |
| Amounts payable within one year | 42/48 | €96,082 | €2,914 | -€93,168 | -97.0% |
| Taxes, remuneration and social security | 45 | €21,082 | €2,914 | -€18,168 | -86.2% |
| Taxes | 450/3 | €21,082 | €2,914 | -€18,168 | -86.2% |
| Other amounts payable | 47/48 | €75,000 | - | -€75,000 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €58,634 | €45,686 | -€12,948 | -22.1% |
| Operating profit (loss) | 9901 | €57,666 | €44,687 | -€12,979 | -22.5% |
| Financial charges | 65/66B | €295 | €325 | +€30 | +10.1% |
| Recurring financial charges | 65 | €295 | €325 | +€30 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €57,371 | €44,362 | -€13,009 | -22.7% |
| Income taxes | 67/77 | €15,647 | €12,099 | -€3,548 | -22.7% |
| Profit (loss) for the period | 9904 | €41,724 | €32,263 | -€9,461 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,724 | €32,263 | -€9,461 | -22.7% |
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 23 October 2026 via checked.be.