PGU 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.
PGU Consult
Largest movements
- Receivables within one year +€20,832
up €20,832 (+950.7%), from €2,191 to €23,023
of which Trade receivables: +€19,046
- Cash -€10,386
down €10,386 (-25.0%), from €41,601 to €31,214
mainly Contributions, distributions and other (-€58,468) and Receivables within one year (-€20,832)
- Tangible fixed assets +€3,167
up €3,167 (+70.7%), from €4,479 to €7,646
of which Furniture and vehicles: +€1,653
- Tax, wage and social debts +€8,753
up €8,753 (+194.2%), from €4,508 to €13,261
- Other debts +€6,278
up €6,278 (+14.4%), from €43,719 to €49,997
- Trade debts -€1,533
down €1,533 (-51.6%), from €2,969 to €1,436
- Gross operating margin -€1,638
down €1,638 (-2.0%), from €83,757 to €82,119
- Depreciation +€944
up €944 (+42.5%), from €2,223 to €3,168
- Taxes -€902
down €902 (-5.3%), from €17,115 to €16,213
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 | €69,796 | €83,301 | +€13,506 | +19.4% |
| Fixed assets | 21/28 | €5,979 | €9,146 | +€3,167 | +53.0% |
| Tangible fixed assets | 22/27 | €4,479 | €7,646 | +€3,167 | +70.7% |
| Plant, machinery and equipment | 23 | €3,042 | €4,556 | +€1,515 | +49.8% |
| Furniture and vehicles | 24 | €1,437 | €3,090 | +€1,653 | +115.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €63,817 | €74,155 | +€10,338 | +16.2% |
| Amounts receivable after more than one year | 29 | €16,000 | €16,000 | = | 0.0% |
| Other amounts receivable | 291 | €16,000 | €16,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,191 | €23,023 | +€20,832 | +950.7% |
| Trade receivables | 40 | €1,774 | €20,820 | +€19,046 | +1073.4% |
| Other amounts receivable | 41 | €417 | €2,203 | +€1,786 | +428.5% |
| Cash at bank and in hand | 54/58 | €41,601 | €31,214 | -€10,386 | -25.0% |
| Deferred charges and accrued income | 490/1 | €4,025 | €3,917 | -€108 | -2.7% |
| Total equity and liabilities | 10/49 | €69,796 | €83,301 | +€13,506 | +19.4% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €51,196 | €64,701 | +€13,506 | +26.4% |
| Amounts payable within one year | 42/48 | €51,196 | €64,694 | +€13,499 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,969 | €1,436 | -€1,533 | -51.6% |
| Suppliers | 440/4 | €2,969 | €1,436 | -€1,533 | -51.6% |
| Taxes, remuneration and social security | 45 | €4,508 | €13,261 | +€8,753 | +194.2% |
| Taxes | 450/3 | €4,508 | €13,261 | +€8,753 | +194.2% |
| Other amounts payable | 47/48 | €43,719 | €49,997 | +€6,278 | +14.4% |
| Accrued charges and deferred income | 492/3 | - | €7 | +€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,223 | €3,168 | +€944 | +42.5% |
| Other operating charges | 640/8 | €1,235 | €1,089 | -€147 | -11.9% |
| Gross operating margin | 9900 | €83,757 | €82,119 | -€1,638 | -2.0% |
| Operating profit (loss) | 9901 | €80,299 | €77,863 | -€2,436 | -3.0% |
| Financial income | 75/76B | €870 | €67 | -€803 | -92.3% |
| Recurring financial income | 75 | €870 | €67 | -€803 | -92.3% |
| Financial charges | 65/66B | €2,861 | €3,250 | +€389 | +13.6% |
| Recurring financial charges | 65 | €2,861 | €3,250 | +€389 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €78,308 | €74,681 | -€3,627 | -4.6% |
| Income taxes | 67/77 | €17,115 | €16,213 | -€902 | -5.3% |
| Profit (loss) for the period | 9904 | €61,193 | €58,468 | -€2,725 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,193 | €58,468 | -€2,725 | -4.5% |
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 10 October 2026 via checked.be.