PV-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.
PV-CONSULT
Largest movements
- Receivables within one year +€130,854
up €130,854 (+174%), from €75,171 to €206,025
of which Other amounts receivable: +€162,939
- Cash -€13,398
down €13,398 (-17.5%), from €76,615 to €63,217
mainly Receivables within one year (-€130,854) and Investment in fixed assets (net) (-€22,679)
- Other debts +€110,204
new in 2025: €110,204
- Profit (loss) carried forward +€23,305
up €23,305 (+40.7%), from €57,227 to €80,532
- Trade debts -€18,128
down €18,128 (-67.2%), from €26,989 to €8,861
- Current portion of long-term debt +€7,235
up €7,235 (+42.8%), from €16,921 to €24,156
- Gross operating margin +€18,940
up €18,940 (+80.2%), from €23,630 to €42,570
- Depreciation +€9,481
up €9,481 (+111%), from €8,555 to €18,036
- Taxes +€2,048
up €2,048 (+1,044%), from €196 to €2,244
- Other operating charges -€1,033
down €1,033 (-60.3%), from €1,714 to €681
- Financial charges +€683
up €683 (+21.4%), from €3,192 to €3,875
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 | €397,404 | €519,504 | +€122,099 | +30.7% |
| Fixed assets | 21/28 | €245,619 | €250,262 | +€4,643 | +1.9% |
| Tangible fixed assets | 22/27 | €245,619 | €250,262 | +€4,643 | +1.9% |
| Land and buildings | 22 | €245,131 | €249,473 | +€4,343 | +1.8% |
| Furniture and vehicles | 24 | €488 | €789 | +€300 | +61.5% |
| Current assets | 29/58 | €151,785 | €269,242 | +€117,456 | +77.4% |
| Amounts receivable within one year | 40/41 | €75,171 | €206,025 | +€130,854 | +174% |
| Trade receivables | 40 | €40,593 | €8,508 | -€32,085 | -79.0% |
| Other amounts receivable | 41 | €34,578 | €197,517 | +€162,939 | +471% |
| Cash at bank and in hand | 54/58 | €76,615 | €63,217 | -€13,398 | -17.5% |
| Total equity and liabilities | 10/49 | €397,404 | €519,504 | +€122,099 | +30.7% |
| Equity | 10/15 | €238,143 | €257,869 | +€19,726 | +8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,317 | €158,737 | -€3,579 | -2.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €160,457 | €156,877 | -€3,579 | -2.2% |
| Profit (loss) carried forward | 14 | €57,227 | €80,532 | +€23,305 | +40.7% |
| Provisions and deferred taxes | 16 | €45,518 | €44,325 | -€1,193 | -2.6% |
| Deferred taxes | 168 | €45,518 | €44,325 | -€1,193 | -2.6% |
| Amounts payable | 17/49 | €113,743 | €217,310 | +€103,566 | +91.1% |
| Amounts payable after more than one year | 17 | €67,355 | €68,702 | +€1,346 | +2.0% |
| Financial debts | 170/4 | €67,355 | €68,702 | +€1,346 | +2.0% |
| Amounts payable within one year | 42/48 | €45,388 | €148,358 | +€102,970 | +227% |
| Current portion of amounts payable after more than one year | 42 | €16,921 | €24,156 | +€7,235 | +42.8% |
| Trade debts | 44 | €26,989 | €8,861 | -€18,128 | -67.2% |
| Suppliers | 440/4 | €26,989 | €8,861 | -€18,128 | -67.2% |
| Taxes, remuneration and social security | 45 | €1,478 | €5,137 | +€3,658 | +247% |
| Taxes | 450/3 | - | €1,246 | +€1,246 | |
| Remuneration and social security | 454/9 | €1,478 | €3,891 | +€2,413 | +163% |
| Other amounts payable | 47/48 | - | €110,204 | +€110,204 | |
| Accrued charges and deferred income | 492/3 | €1,000 | €250 | -€750 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,555 | €18,036 | +€9,481 | +111% |
| Other operating charges | 640/8 | €1,714 | €681 | -€1,033 | -60.3% |
| Gross operating margin | 9900 | €23,630 | €42,570 | +€18,940 | +80.2% |
| Operating profit (loss) | 9901 | €13,361 | €23,853 | +€10,492 | +78.5% |
| Financial income | 75/76B | €654 | €798 | +€144 | +22.0% |
| Recurring financial income | 75 | €654 | €798 | +€144 | +22.0% |
| Financial charges | 65/66B | €3,192 | €3,875 | +€683 | +21.4% |
| Recurring financial charges | 65 | €3,192 | €3,875 | +€683 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €10,823 | €20,777 | +€9,953 | +92.0% |
| Transfer from deferred taxes | 780 | €1,107 | €1,193 | +€86 | +7.7% |
| Income taxes | 67/77 | €196 | €2,244 | +€2,048 | +1,044% |
| Profit (loss) for the period | 9904 | €11,735 | €19,726 | +€7,991 | +68.1% |
| Transfer from tax-exempt reserves | 789 | €3,322 | €3,579 | +€257 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,057 | €23,305 | +€8,248 | +54.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.