Pivotal Consultancy: 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.
Pivotal Consultancy
Largest movements
- Receivables within one year -€15,043
down €15,043 (-87.7%), from €17,156 to €2,114
of which Trade receivables: -€17,156
- Cash -€3,800
down €3,800 (-48.7%), from €7,809 to €4,009
mainly Tax, wage and social debts (-€12,040) and Investment in fixed assets (net) (-€7,879)
- Tangible fixed assets +€434
up €434 (+2.6%), from €16,789 to €17,223
of which Other tangible fixed assets: +€6,770
- Tax, wage and social debts -€12,040
down €12,040 (-72.0%), from €16,720 to €4,680
of which Remuneration and social security: -€6,745
- Profit (loss) carried forward -€6,055
down €6,055 (-65.3%), from €9,270 to €3,215
- Debts after one year -€5,782
down €5,782 (-85.6%), from €6,753 to €971
- Other debts +€3,391
new in 2024: €3,391
- Accrued charges and deferred income +€1,560
new in 2024: €1,560
- Gross operating margin -€38,350
down €38,350 (-76.9%), from €49,868 to €11,518
- Write-downs -€18,058
down €18,058 (-67.2%), from €26,860 to €8,802
- Taxes -€3,918
down €3,918 (-96.5%), from €4,060 to €143
- Other operating charges -€1,296
down €1,296 (-59.5%), from €2,178 to €883
- Depreciation +€1,099
up €1,099 (+17.3%), from €6,346 to €7,445
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,028 | €23,620 | -€18,408 | -43.8% |
| Fixed assets | 21/28 | €16,789 | €17,223 | +€434 | +2.6% |
| Tangible fixed assets | 22/27 | €16,789 | €17,223 | +€434 | +2.6% |
| Furniture and vehicles | 24 | €2,142 | €1,453 | -€690 | -32.2% |
| Leasing and similar rights | 25 | €11,293 | €5,647 | -€5,647 | -50.0% |
| Other tangible fixed assets | 26 | €3,353 | €10,124 | +€6,770 | +202% |
| Current assets | 29/58 | €25,240 | €6,397 | -€18,842 | -74.7% |
| Amounts receivable within one year | 40/41 | €17,156 | €2,114 | -€15,043 | -87.7% |
| Trade receivables | 40 | €17,156 | - | -€17,156 | |
| Other amounts receivable | 41 | - | €2,114 | +€2,114 | |
| Cash at bank and in hand | 54/58 | €7,809 | €4,009 | -€3,800 | -48.7% |
| Deferred charges and accrued income | 490/1 | €275 | €275 | = | 0.0% |
| Total equity and liabilities | 10/49 | €42,028 | €23,620 | -€18,408 | -43.8% |
| Equity | 10/15 | €11,644 | €5,589 | -€6,055 | -52.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,374 | €1,374 | = | 0.0% |
| Distributable reserves | 133 | €1,374 | €1,374 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,270 | €3,215 | -€6,055 | -65.3% |
| Amounts payable | 17/49 | €30,384 | €18,031 | -€12,353 | -40.7% |
| Amounts payable after more than one year | 17 | €6,753 | €971 | -€5,782 | -85.6% |
| Financial debts | 170/4 | €6,753 | €971 | -€5,782 | -85.6% |
| Amounts payable within one year | 42/48 | €23,632 | €15,500 | -€8,132 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €5,707 | €5,782 | +€75 | +1.3% |
| Trade debts | 44 | €1,205 | €1,647 | +€442 | +36.7% |
| Suppliers | 440/4 | €1,205 | €1,647 | +€442 | +36.7% |
| Taxes, remuneration and social security | 45 | €16,720 | €4,680 | -€12,040 | -72.0% |
| Taxes | 450/3 | €9,975 | €4,680 | -€5,295 | -53.1% |
| Remuneration and social security | 454/9 | €6,745 | - | -€6,745 | |
| Other amounts payable | 47/48 | - | €3,391 | +€3,391 | |
| Accrued charges and deferred income | 492/3 | - | €1,560 | +€1,560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,346 | €7,445 | +€1,099 | +17.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,860 | €8,802 | -€18,058 | -67.2% |
| Other operating charges | 640/8 | €2,178 | €883 | -€1,296 | -59.5% |
| Gross operating margin | 9900 | €49,868 | €11,518 | -€38,350 | -76.9% |
| Operating profit (loss) | 9901 | €14,484 | -€5,611 | -€20,095 | |
| Financial income | 75/76B | €206 | - | -€206 | |
| Recurring financial income | 75 | €206 | - | -€206 | |
| Financial charges | 65/66B | €420 | €301 | -€119 | -28.3% |
| Recurring financial charges | 65 | €420 | €301 | -€119 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €14,270 | -€5,912 | -€20,182 | |
| Income taxes | 67/77 | €4,060 | €143 | -€3,918 | -96.5% |
| Profit (loss) for the period | 9904 | €10,209 | -€6,055 | -€16,264 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,209 | -€6,055 | -€16,264 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.