PIVALO-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.
PIVALO-CONSULT
Largest movements
- Cash +€8,955
up €8,955 (+296%), from €3,028 to €11,983
mainly Trade debts (+€50,261) and Depreciation (+€3,994)
- Tangible fixed assets -€3,994
down €3,994 (-59.4%), from €6,729 to €2,735
- Deferred charges and accrued income +€2,337
up €2,337 (+43.9%), from €5,323 to €7,660
- Receivables within one year +€2,167
up €2,167 (+2.1%), from €100,809 to €102,976
of which Other amounts receivable: +€2,667
- Trade debts +€50,261
up €50,261 (+2,689%), from €1,869 to €52,131
- Profit (loss) carried forward -€22,547
new in 2025: -€22,547
- Tax, wage and social debts -€9,653
down €9,653 (-85.5%), from €11,290 to €1,637
- Reserves -€3,979
down €3,979 (-4.9%), from €81,879 to €77,900
- Other debts -€3,824
down €3,824 (-42.9%), from €8,923 to €5,098
- Gross operating margin -€46,941
down €46,941, from €23,368 to -€23,573
- Taxes -€6,505
down €6,505 (-98.0%), from €6,637 to €132
- Depreciation +€2,380
up €2,380 (+147%), from €1,614 to €3,994
- Financial charges -€802
down €802 (-85.7%), from €936 to €134
- Financial income -€367
down €367 (-13.1%), from €2,807 to €2,440
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 | €117,153 | €126,618 | +€9,465 | +8.1% |
| Fixed assets | 21/28 | €7,994 | €4,000 | -€3,994 | -50.0% |
| Tangible fixed assets | 22/27 | €6,729 | €2,735 | -€3,994 | -59.4% |
| Furniture and vehicles | 24 | €6,729 | €2,735 | -€3,994 | -59.4% |
| Financial fixed assets | 28 | €1,265 | €1,265 | = | 0.0% |
| Current assets | 29/58 | €109,159 | €122,618 | +€13,459 | +12.3% |
| Amounts receivable within one year | 40/41 | €100,809 | €102,976 | +€2,167 | +2.1% |
| Trade receivables | 40 | €65,809 | €65,309 | -€500 | -0.8% |
| Other amounts receivable | 41 | €35,000 | €37,667 | +€2,667 | +7.6% |
| Cash at bank and in hand | 54/58 | €3,028 | €11,983 | +€8,955 | +296% |
| Deferred charges and accrued income | 490/1 | €5,323 | €7,660 | +€2,337 | +43.9% |
| Total equity and liabilities | 10/49 | €117,153 | €126,618 | +€9,465 | +8.1% |
| Equity | 10/15 | €94,279 | €67,753 | -€26,526 | -28.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €81,879 | €77,900 | -€3,979 | -4.9% |
| Distributable reserves | 133 | €81,879 | €77,900 | -€3,979 | -4.9% |
| Profit (loss) carried forward | 14 | - | -€22,547 | -€22,547 | |
| Amounts payable | 17/49 | €22,875 | €58,866 | +€35,991 | +157% |
| Amounts payable within one year | 42/48 | €22,082 | €58,866 | +€36,784 | +167% |
| Trade debts | 44 | €1,869 | €52,131 | +€50,261 | +2,689% |
| Suppliers | 440/4 | €1,869 | €52,131 | +€50,261 | +2,689% |
| Taxes, remuneration and social security | 45 | €11,290 | €1,637 | -€9,653 | -85.5% |
| Taxes | 450/3 | €11,290 | €1,637 | -€9,653 | -85.5% |
| Other amounts payable | 47/48 | €8,923 | €5,098 | -€3,824 | -42.9% |
| Accrued charges and deferred income | 492/3 | €792 | - | -€792 | |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,614 | €3,994 | +€2,380 | +147% |
| Other operating charges | 640/8 | €1,109 | €1,133 | +€24 | +2.1% |
| Gross operating margin | 9900 | €23,368 | -€23,573 | -€46,941 | |
| Operating profit (loss) | 9901 | €20,645 | -€28,700 | -€49,345 | |
| Financial income | 75/76B | €2,807 | €2,440 | -€367 | -13.1% |
| Recurring financial income | 75 | €2,807 | €2,440 | -€367 | -13.1% |
| Financial charges | 65/66B | €936 | €134 | -€802 | -85.7% |
| Recurring financial charges | 65 | €936 | €134 | -€802 | -85.7% |
| Profit (loss) for the period before taxes | 9903 | €22,516 | -€26,394 | -€48,910 | |
| Income taxes | 67/77 | €6,637 | €132 | -€6,505 | -98.0% |
| Profit (loss) for the period | 9904 | €15,879 | -€26,526 | -€42,405 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,879 | -€26,526 | -€42,405 |
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 18 October 2026 via checked.be.