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
- Tangible fixed assets +€93,991
up €93,991 (+19.3%), from €488,091 to €582,083
of which Land and buildings: +€97,548
- Cash -€16,910
down €16,910 (-22.3%), from €75,987 to €59,077
mainly Investment in fixed assets (net) (-€138,015) and Contributions, distributions and other (-€78,985)
- Other debts +€168,905
up €168,905 (+767%), from €22,024 to €190,929
- Reserves -€78,985
down €78,985 (-10.6%), from €748,372 to €669,387
- Trade debts +€12,290
up €12,290 (+276%), from €4,456 to €16,746
- Accrued charges and deferred income -€12,080
down €12,080 (-14.8%), from €81,510 to €69,430
- Current portion of long-term debt -€10,678
down €10,678 (-100%), from €10,678 to €0
- Gross operating margin +€8,666
up €8,666 (+24.0%), from €36,048 to €44,714
- Depreciation +€5,438
up €5,438 (+14.1%), from €38,586 to €44,024
- Financial income -€2,738
down €2,738 (-97.0%), from €2,822 to €84
- Financial charges -€1,090
down €1,090 (-74.3%), from €1,467 to €377
- Other operating charges +€950
up €950 (+54.4%), from €1,748 to €2,698
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 | €667,146 | €746,366 | +€79,221 | +11.9% |
| Fixed assets | 21/28 | €508,091 | €602,083 | +€93,991 | +18.5% |
| Tangible fixed assets | 22/27 | €488,091 | €582,083 | +€93,991 | +19.3% |
| Land and buildings | 22 | €432,367 | €529,915 | +€97,548 | +22.6% |
| Furniture and vehicles | 24 | €55,724 | €52,168 | -€3,557 | -6.4% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €159,054 | €144,284 | -€14,770 | -9.3% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,567 | €7,291 | -€3,275 | -31.0% |
| Trade receivables | 40 | €10,446 | €7,291 | -€3,154 | -30.2% |
| Other amounts receivable | 41 | €121 | €0 | -€121 | -100% |
| Cash at bank and in hand | 54/58 | €75,987 | €59,077 | -€16,910 | -22.3% |
| Deferred charges and accrued income | 490/1 | €32,500 | €37,915 | +€5,415 | +16.7% |
| Total equity and liabilities | 10/49 | €667,146 | €746,366 | +€79,221 | +11.9% |
| Equity | 10/15 | €543,531 | €462,106 | -€81,425 | -15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €748,372 | €669,387 | -€78,985 | -10.6% |
| Distributable reserves | 133 | €748,372 | €669,387 | -€78,985 | -10.6% |
| Profit (loss) carried forward | 14 | -€223,441 | -€225,881 | -€2,440 | -1.1% |
| Amounts payable | 17/49 | €123,615 | €284,261 | +€160,646 | +130% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €42,105 | €214,831 | +€172,726 | +410% |
| Current portion of amounts payable after more than one year | 42 | €10,678 | €0 | -€10,678 | -100% |
| Trade debts | 44 | €4,456 | €16,746 | +€12,290 | +276% |
| Suppliers | 440/4 | €4,456 | €16,746 | +€12,290 | +276% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,947 | €7,155 | +€2,208 | +44.6% |
| Taxes | 450/3 | €4,947 | €7,155 | +€2,208 | +44.6% |
| Other amounts payable | 47/48 | €22,024 | €190,929 | +€168,905 | +767% |
| Accrued charges and deferred income | 492/3 | €81,510 | €69,430 | -€12,080 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,586 | €44,024 | +€5,438 | +14.1% |
| Other operating charges | 640/8 | €1,748 | €2,698 | +€950 | +54.4% |
| Gross operating margin | 9900 | €36,048 | €44,714 | +€8,666 | +24.0% |
| Operating profit (loss) | 9901 | -€4,285 | -€2,008 | +€2,277 | +53.1% |
| Financial income | 75/76B | €2,822 | €84 | -€2,738 | -97.0% |
| Recurring financial income | 75 | €2,822 | €84 | -€2,738 | -97.0% |
| Financial charges | 65/66B | €1,467 | €377 | -€1,090 | -74.3% |
| Recurring financial charges | 65 | €1,467 | €377 | -€1,090 | -74.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,930 | -€2,301 | +€629 | +21.5% |
| Income taxes | 67/77 | €139 | €139 | +€0 | +0.2% |
| Profit (loss) for the period | 9904 | -€3,069 | -€2,440 | +€629 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,069 | -€2,440 | +€629 | +20.5% |
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 20 October 2026 via checked.be.