PV Consulting: 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 Consulting
Largest movements
- Cash +€715,600
up €715,600 (+354%), from €202,117 to €917,717
mainly Current investments (+€700,000) and Depreciation (+€22,098)
- Current investments -€700,000
no longer reported in 2025 (was €700,000)
- Tangible fixed assets -€23,965
down €23,965 (-29.9%), from €80,179 to €56,214
- Receivables within one year -€18,075
down €18,075 (-37.5%), from €48,228 to €30,153
of which Other amounts receivable: -€18,428
- Profit (loss) carried forward -€18,937
down €18,937 (-18.5%), from -€102,184 to -€121,121
- Taxes +€8,237
up €8,237 (+34.7%), from €23,766 to €32,003
- Gross operating margin +€6,205
up €6,205 (+26.1%), from €23,780 to €29,985
- Financial income -€3,522
down €3,522 (-27.6%), from €12,783 to €9,261
- Other operating charges +€631
up €631 (+42.3%), from €1,490 to €2,121
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 | €1,033,230 | €1,007,294 | -€25,936 | -2.5% |
| Fixed assets | 21/28 | €80,429 | €56,464 | -€23,965 | -29.8% |
| Tangible fixed assets | 22/27 | €80,179 | €56,214 | -€23,965 | -29.9% |
| Furniture and vehicles | 24 | €80,179 | €56,214 | -€23,965 | -29.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €952,801 | €950,830 | -€1,970 | -0.2% |
| Amounts receivable within one year | 40/41 | €48,228 | €30,153 | -€18,075 | -37.5% |
| Trade receivables | 40 | €24,968 | €25,321 | +€353 | +1.4% |
| Other amounts receivable | 41 | €23,260 | €4,832 | -€18,428 | -79.2% |
| Current investments | 50/53 | €700,000 | - | -€700,000 | |
| Cash at bank and in hand | 54/58 | €202,117 | €917,717 | +€715,600 | +354% |
| Deferred charges and accrued income | 490/1 | €2,456 | €2,960 | +€505 | +20.6% |
| Total equity and liabilities | 10/49 | €1,033,230 | €1,007,294 | -€25,936 | -2.5% |
| Equity | 10/15 | €986,861 | €967,924 | -€18,937 | -1.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,076,645 | €1,076,645 | = | 0.0% |
| Distributable reserves | 133 | €1,076,645 | €1,076,645 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,184 | -€121,121 | -€18,937 | -18.5% |
| Amounts payable | 17/49 | €46,369 | €39,370 | -€6,999 | -15.1% |
| Amounts payable within one year | 42/48 | €46,369 | €39,370 | -€6,999 | -15.1% |
| Trade debts | 44 | €7,840 | €2,852 | -€4,987 | -63.6% |
| Suppliers | 440/4 | €7,840 | €2,852 | -€4,987 | -63.6% |
| Taxes, remuneration and social security | 45 | €29,529 | €36,518 | +€6,988 | +23.7% |
| Taxes | 450/3 | €29,529 | €36,518 | +€6,988 | +23.7% |
| Other amounts payable | 47/48 | €9,000 | - | -€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,098 | €22,098 | = | 0.0% |
| Other operating charges | 640/8 | €1,490 | €2,121 | +€631 | +42.3% |
| Non-recurring operating charges | 66A | - | €1,867 | +€1,867 | |
| Gross operating margin | 9900 | €23,780 | €29,985 | +€6,205 | +26.1% |
| Operating profit (loss) | 9901 | €191 | €3,898 | +€3,707 | +1,937% |
| Financial income | 75/76B | €12,783 | €9,261 | -€3,522 | -27.6% |
| Recurring financial income | 75 | €12,783 | €9,261 | -€3,522 | -27.6% |
| Financial charges | 65/66B | €348 | €92 | -€256 | -73.5% |
| Recurring financial charges | 65 | €348 | €92 | -€256 | -73.5% |
| Profit (loss) for the period before taxes | 9903 | €12,626 | €13,066 | +€440 | +3.5% |
| Income taxes | 67/77 | €23,766 | €32,003 | +€8,237 | +34.7% |
| Profit (loss) for the period | 9904 | -€11,140 | -€18,937 | -€7,797 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,140 | -€18,937 | -€7,797 | -70.0% |
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 15 October 2026 via checked.be.