PIVERT 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.
PIVERT CONSULT
Largest movements
- Cash +€77,631
up €77,631 (+87.6%), from €88,635 to €166,266
mainly Other debts (+€91,432) and Net result for the year (+€32,460)
- Receivables within one year -€25,346
down €25,346 (-38.1%), from €66,552 to €41,205
of which Trade receivables: -€47,393
- Receivables after one year -€20,643
no longer reported in 2025 (was €20,643)
- Stocks and contracts +€11,992
up €11,992 (+29.2%), from €41,099 to €53,091
- Other debts +€91,432
up €91,432 (+6,643%), from €1,376 to €92,808
- Profit (loss) carried forward -€57,540
down €57,540 (-30.2%), from €190,555 to €133,015
- Tax, wage and social debts +€15,940
up €15,940 (+50.0%), from €31,876 to €47,816
- Debts after one year -€8,540
down €8,540 (-25.8%), from €33,164 to €24,624
- Gross operating margin -€54,643
down €54,643 (-47.2%), from €115,772 to €61,130
- Taxes -€11,401
down €11,401 (-45.0%), from €25,345 to €13,944
- Depreciation +€6,918
up €6,918 (+138%), from €5,001 to €11,918
- Other operating charges +€2,305
up €2,305 (+1,816%), from €127 to €2,432
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 | €272,683 | €313,803 | +€41,120 | +15.1% |
| Fixed assets | 21/28 | €53,757 | €52,096 | -€1,662 | -3.1% |
| Tangible fixed assets | 22/27 | €53,757 | €52,096 | -€1,662 | -3.1% |
| Furniture and vehicles | 24 | €51,445 | €42,585 | -€8,860 | -17.2% |
| Other tangible fixed assets | 26 | €2,312 | €9,511 | +€7,199 | +311% |
| Current assets | 29/58 | €218,926 | €261,708 | +€42,782 | +19.5% |
| Amounts receivable after more than one year | 29 | €20,643 | - | -€20,643 | |
| Other amounts receivable | 291 | €20,643 | - | -€20,643 | |
| Stocks and contracts in progress | 3 | €41,099 | €53,091 | +€11,992 | +29.2% |
| Stocks | 30/36 | €41,099 | €53,091 | +€11,992 | +29.2% |
| Amounts receivable within one year | 40/41 | €66,552 | €41,205 | -€25,346 | -38.1% |
| Trade receivables | 40 | €66,552 | €19,159 | -€47,393 | -71.2% |
| Other amounts receivable | 41 | - | €22,047 | +€22,047 | |
| Cash at bank and in hand | 54/58 | €88,635 | €166,266 | +€77,631 | +87.6% |
| Deferred charges and accrued income | 490/1 | €1,998 | €1,146 | -€852 | -42.7% |
| Total equity and liabilities | 10/49 | €272,683 | €313,803 | +€41,120 | +15.1% |
| Equity | 10/15 | €195,555 | €138,015 | -€57,540 | -29.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,555 | €133,015 | -€57,540 | -30.2% |
| Amounts payable | 17/49 | €77,128 | €175,788 | +€98,660 | +128% |
| Amounts payable after more than one year | 17 | €33,164 | €24,624 | -€8,540 | -25.8% |
| Financial debts | 170/4 | €33,164 | €24,624 | -€8,540 | -25.8% |
| Amounts payable within one year | 42/48 | €43,965 | €151,165 | +€107,200 | +244% |
| Current portion of amounts payable after more than one year | 42 | €8,186 | €8,540 | +€354 | +4.3% |
| Trade debts | 44 | €2,526 | €2,000 | -€526 | -20.8% |
| Suppliers | 440/4 | €2,526 | €2,000 | -€526 | -20.8% |
| Taxes, remuneration and social security | 45 | €31,876 | €47,816 | +€15,940 | +50.0% |
| Taxes | 450/3 | €31,876 | €47,816 | +€15,940 | +50.0% |
| Other amounts payable | 47/48 | €1,376 | €92,808 | +€91,432 | +6,643% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,001 | €11,918 | +€6,918 | +138% |
| Other operating charges | 640/8 | €127 | €2,432 | +€2,305 | +1,816% |
| Gross operating margin | 9900 | €115,772 | €61,130 | -€54,643 | -47.2% |
| Operating profit (loss) | 9901 | €110,644 | €46,779 | -€63,865 | -57.7% |
| Financial income | 75/76B | €643 | €1,431 | +€787 | +122% |
| Recurring financial income | 75 | €643 | €1,431 | +€787 | +122% |
| Financial charges | 65/66B | €1,030 | €1,806 | +€776 | +75.4% |
| Recurring financial charges | 65 | €1,030 | €1,806 | +€776 | +75.4% |
| Profit (loss) for the period before taxes | 9903 | €110,258 | €46,404 | -€63,854 | -57.9% |
| Income taxes | 67/77 | €25,345 | €13,944 | -€11,401 | -45.0% |
| Profit (loss) for the period | 9904 | €84,913 | €32,460 | -€52,452 | -61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €84,913 | €32,460 | -€52,452 | -61.8% |
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 22 October 2026 via checked.be.