PNO CONSULT: what changed
Two fiscal 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.
PNO CONSULT
Largest movements
- Cash +€146,455
up €146,455 (+205.2%), from €71,383 to €217,838
mainly Net result for the year (+€78,261) and Receivables within one year (+€69,049)
- Receivables within one year -€69,049
down €69,049 (-41.0%), from €168,291 to €99,241
of which Other amounts receivable: -€39,495
- Tangible fixed assets -€7,299
down €7,299 (-21.6%), from €33,796 to €26,498
- Reserves +€78,261
new in 2025: €78,261
- Tax, wage and social debts +€30,893
up €30,893 (+91.7%), from €33,685 to €64,578
of which Taxes: +€33,501
- Trade debts -€30,580
down €30,580 (-82.9%), from €36,869 to €6,289
- Debts after one year -€9,238
down €9,238 (-40.0%), from €23,124 to €13,885
- Taxes +€10,485
up €10,485 (+48.4%), from €21,660 to €32,145
- Financial income +€6,995
up €6,995 (+1022.7%), from €684 to €7,679
- Gross operating margin +€3,606
up €3,606 (+3.2%), from €111,387 to €114,993
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 | €276,648 | €346,452 | +€69,805 | +25.2% |
| Fixed assets | 21/28 | €34,636 | €27,338 | -€7,299 | -21.1% |
| Tangible fixed assets | 22/27 | €33,796 | €26,498 | -€7,299 | -21.6% |
| Furniture and vehicles | 24 | €33,796 | €26,498 | -€7,299 | -21.6% |
| Financial fixed assets | 28 | €840 | €840 | = | 0.0% |
| Current assets | 29/58 | €242,012 | €319,115 | +€77,103 | +31.9% |
| Amounts receivable within one year | 40/41 | €168,291 | €99,241 | -€69,049 | -41.0% |
| Trade receivables | 40 | €44,945 | €15,390 | -€29,555 | -65.8% |
| Other amounts receivable | 41 | €123,346 | €83,851 | -€39,495 | -32.0% |
| Cash at bank and in hand | 54/58 | €71,383 | €217,838 | +€146,455 | +205.2% |
| Deferred charges and accrued income | 490/1 | €2,338 | €2,036 | -€302 | -12.9% |
| Total equity and liabilities | 10/49 | €276,648 | €346,452 | +€69,805 | +25.2% |
| Equity | 10/15 | €173,307 | €251,569 | +€78,261 | +45.2% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | - | €78,261 | +€78,261 | |
| Distributable reserves | 133 | - | €78,261 | +€78,261 | |
| Profit (loss) carried forward | 14 | €165,807 | €165,807 | = | 0.0% |
| Amounts payable | 17/49 | €103,340 | €94,884 | -€8,457 | -8.2% |
| Amounts payable after more than one year | 17 | €23,124 | €13,885 | -€9,238 | -40.0% |
| Financial debts | 170/4 | €23,124 | €13,885 | -€9,238 | -40.0% |
| Amounts payable within one year | 42/48 | €79,352 | €80,105 | +€753 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €8,797 | €9,238 | +€441 | +5.0% |
| Trade debts | 44 | €36,869 | €6,289 | -€30,580 | -82.9% |
| Suppliers | 440/4 | €36,869 | €6,289 | -€30,580 | -82.9% |
| Taxes, remuneration and social security | 45 | €33,685 | €64,578 | +€30,893 | +91.7% |
| Taxes | 450/3 | €31,077 | €64,578 | +€33,501 | +107.8% |
| Remuneration and social security | 454/9 | €2,608 | - | -€2,608 | |
| Accrued charges and deferred income | 492/3 | €864 | €893 | +€29 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,691 | €10,664 | +€974 | +10.0% |
| Other operating charges | 640/8 | €157 | €120 | -€37 | -23.4% |
| Gross operating margin | 9900 | €111,387 | €114,993 | +€3,606 | +3.2% |
| Operating profit (loss) | 9901 | €101,540 | €104,209 | +€2,669 | +2.6% |
| Financial income | 75/76B | €684 | €7,679 | +€6,995 | +1022.7% |
| Recurring financial income | 75 | €684 | €7,679 | +€6,995 | +1022.7% |
| Financial charges | 65/66B | €1,946 | €1,482 | -€464 | -23.9% |
| Recurring financial charges | 65 | €1,946 | €1,482 | -€464 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €100,278 | €110,406 | +€10,128 | +10.1% |
| Income taxes | 67/77 | €21,660 | €32,145 | +€10,485 | +48.4% |
| Profit (loss) for the period | 9904 | €78,618 | €78,261 | -€356 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €78,618 | €78,261 | -€356 | -0.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.