PVB 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.
What changed
PVB Consult
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€106,306
2024 · €1.3m-€1.2m
Equity
€3.5m
2024 · €3.3m+€106,306
Cash
€40,158
2024 · €73,051-€32,892
Balance sheet total
€7.2m
2024 · €6.5m+€677,297
Largest movements
Assets
- Tangible fixed assets +€1.0m
up €1.0m (+33.1%), from €3.1m to €4.1m
of which Land and buildings: +€2.0m
- Receivables within one year -€285,456
down €285,456 (-41.1%), from €693,703 to €408,246
of which Other amounts receivable: -€399,651
Equity and liabilities
- Debts after one year +€674,973
up €674,973 (+30.0%), from €2.3m to €2.9m
- Reserves +€106,306
up €106,306 (+7.7%), from €1.4m to €1.5m
of which Distributable reserves: +€129,934
Income statement
- Financial income -€1.3m
down €1.3m (-81.1%), from €1.6m to €297,050
of which Non-recurring financial income: -€752,955
- Depreciation +€311,286
up €311,286 (+253.2%), from €122,957 to €434,243
- Gross operating margin +€80,658
up €80,658 (+21.1%), from €382,100 to €462,759
- Staff costs -€61,830
down €61,830 (-94.4%), from €65,530 to €3,699
- Financial charges +€22,621
up €22,621 (+24.6%), from €91,845 to €114,466
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.
Result 2024
€1.3m
Gross operating margin
+€80,658
Staff costs
+€61,830
Depreciation
-€311,286
Other operating charges
-€8,048
Financial income
-€1.3m
Financial charges
-€22,621
Taxes
+€767
Deferred taxes and other
+€270,376
Result 2025
€106,306
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.
From operations
+€693,777
Investment
-€1.4m
Financing
+€683,456
Cash 2024
€73,051
From operations (derived)
+€693,777
Net result for the year
+€106,306
Depreciation
+€434,243
Receivables within one year
+€285,456
Deferred charges and accrued income
-€19,763
Provisions
-€7,876
Trade debts
-€46,048
Tax, wage and social debts
-€20,524
Other debts
-€36,967
Accrued charges and deferred income
-€1,051
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
+€683,456
Debts after one year
+€674,973
Current portion of long-term debt
-€29,016
Short-term financial debts
+€37,500
Cash 2025
€40,158
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,497,851 | €7,175,147 | +€677,297 | +10.4% |
| Fixed assets | 21/28 | €5,602,466 | €6,578,349 | +€975,883 | +17.4% |
| Intangible fixed assets | 21 | €783,442 | €732,069 | -€51,373 | -6.6% |
| Tangible fixed assets | 22/27 | €3,106,672 | €4,134,052 | +€1.0m | +33.1% |
| Land and buildings | 22 | €2,091,764 | €4,120,806 | +€2.0m | +97.0% |
| Plant, machinery and equipment | 23 | €1,387 | €748 | -€639 | -46.0% |
| Furniture and vehicles | 24 | €12,100 | €12,497 | +€397 | +3.3% |
| Assets under construction and advance payments | 27 | €1,001,421 | €0 | -€1.0m | -100.0% |
| Financial fixed assets | 28 | €1,712,352 | €1,712,228 | -€124 | 0.0% |
| Current assets | 29/58 | €895,385 | €596,799 | -€298,586 | -33.3% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €693,703 | €408,246 | -€285,456 | -41.1% |
| Trade receivables | 40 | €12,403 | €126,598 | +€114,195 | +920.7% |
| Other amounts receivable | 41 | €681,300 | €281,649 | -€399,651 | -58.7% |
| Current investments | 50/53 | €68,921 | €68,921 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,051 | €40,158 | -€32,892 | -45.0% |
| Deferred charges and accrued income | 490/1 | €4,710 | €24,472 | +€19,763 | +419.6% |
| Total equity and liabilities | 10/49 | €6,497,851 | €7,175,147 | +€677,297 | +10.4% |
| Equity | 10/15 | €3,349,244 | €3,455,551 | +€106,306 | +3.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €1,373,308 | €1,479,614 | +€106,306 | +7.7% |
| Non-distributable reserves | 130/1 | €11,437 | €11,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,437 | €11,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €787,500 | €763,873 | -€23,627 | -3.0% |
| Distributable reserves | 133 | €574,371 | €704,305 | +€129,934 | +22.6% |
| Profit (loss) carried forward | 14 | €1,935,936 | €1,935,936 | = | 0.0% |
| Provisions and deferred taxes | 16 | €262,500 | €254,624 | -€7,876 | -3.0% |
| Deferred taxes | 168 | €262,500 | €254,624 | -€7,876 | -3.0% |
| Amounts payable | 17/49 | €2,886,106 | €3,464,972 | +€578,866 | +20.1% |
| Amounts payable after more than one year | 17 | €2,250,928 | €2,925,900 | +€674,973 | +30.0% |
| Financial debts | 170/4 | €2,250,928 | €2,925,900 | +€674,973 | +30.0% |
| Amounts payable within one year | 42/48 | €634,077 | €539,022 | -€95,055 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €376,144 | €347,127 | -€29,016 | -7.7% |
| Financial debts | 43 | - | €37,500 | +€37,500 | |
| Credit institutions | 430/8 | - | €37,500 | +€37,500 | |
| Trade debts | 44 | €76,277 | €30,230 | -€46,048 | -60.4% |
| Suppliers | 440/4 | €76,277 | €30,230 | -€46,048 | -60.4% |
| Taxes, remuneration and social security | 45 | €144,689 | €124,165 | -€20,524 | -14.2% |
| Taxes | 450/3 | €144,689 | €124,165 | -€20,524 | -14.2% |
| Other amounts payable | 47/48 | €36,967 | €0 | -€36,967 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,101 | €50 | -€1,051 | -95.4% |
| Remuneration, social security and pensions | 62 | €65,530 | €3,699 | -€61,830 | -94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,957 | €434,243 | +€311,286 | +253.2% |
| Other operating charges | 640/8 | €17,034 | €25,083 | +€8,048 | +47.2% |
| Gross operating margin | 9900 | €382,100 | €462,759 | +€80,658 | +21.1% |
| Operating profit (loss) | 9901 | €176,580 | -€266 | -€176,846 | |
| Financial income | 75/76B | €1,569,980 | €297,050 | -€1.3m | -81.1% |
| Recurring financial income | 75 | €519,980 | €5 | -€519,975 | -100.0% |
| Non-recurring financial income | 76B | €1,050,000 | €297,045 | -€752,955 | -71.7% |
| Financial charges | 65/66B | €91,845 | €114,466 | +€22,621 | +24.6% |
| Recurring financial charges | 65 | €91,845 | €114,466 | +€22,621 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €1,654,715 | €182,318 | -€1.5m | -89.0% |
| Transfer from deferred taxes | 780 | - | €7,876 | +€7,876 | |
| Transfer to deferred taxes | 680 | €262,500 | - | -€262,500 | |
| Income taxes | 67/77 | €84,655 | €83,887 | -€767 | -0.9% |
| Profit (loss) for the period | 9904 | €1,307,560 | €106,306 | -€1.2m | -91.9% |
| Transfer from tax-exempt reserves | 789 | - | €23,627 | +€23,627 | |
| Transfer to tax-exempt reserves | 689 | €787,500 | - | -€787,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €520,060 | €129,934 | -€390,127 | -75.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.