PVDB CONSULT: what changed
PVDB CONSULT
Largest movements
- Tangible fixed assets +€2,336
up €2,336 (+131%), from €1,782 to €4,118
of which Other tangible fixed assets: +€2,729
- Cash -€1,660
down €1,660 (-8.1%), from €20,614 to €18,954
mainly Investment in fixed assets (net) (-€2,730) and Other debts (-€2,497)
- Trade debts +€2,830
up €2,830 (+173%), from €1,638 to €4,469
- Other debts -€2,497
down €2,497 (-3.2%), from €78,086 to €75,590
- Reserves +€1,922
up €1,922 (+138%), from €1,394 to €3,316
- Tax, wage and social debts -€1,749
down €1,749 (-9.9%), from €17,693 to €15,944
of which Remuneration and social security: -€5,851
- Other operating charges -€1,504
down €1,504 (-70.4%), from €2,136 to €632
- Gross operating margin -€1,468
down €1,468 (-15.4%), from €9,516 to €8,047
- Financial charges -€673
down €673 (-40.7%), from €1,655 to €982
- Depreciation +€214
up €214 (+119%), from €180 to €394
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,811 | €102,319 | +€508 | +0.5% |
| Fixed assets | 21/28 | €73,718 | €76,054 | +€2,336 | +3.2% |
| Tangible fixed assets | 22/27 | €1,782 | €4,118 | +€2,336 | +131% |
| Furniture and vehicles | 24 | €1,782 | €1,390 | -€392 | -22.0% |
| Other tangible fixed assets | 26 | - | €2,729 | +€2,729 | |
| Financial fixed assets | 28 | €71,936 | €71,936 | = | 0.0% |
| Current assets | 29/58 | €28,094 | €26,265 | -€1,829 | -6.5% |
| Amounts receivable within one year | 40/41 | €7,347 | €7,172 | -€175 | -2.4% |
| Trade receivables | 40 | €7,347 | €7,105 | -€242 | -3.3% |
| Other amounts receivable | 41 | - | €67 | +€67 | |
| Cash at bank and in hand | 54/58 | €20,614 | €18,954 | -€1,660 | -8.1% |
| Deferred charges and accrued income | 490/1 | €133 | €140 | +€7 | +5.0% |
| Total equity and liabilities | 10/49 | €101,811 | €102,319 | +€508 | +0.5% |
| Equity | 10/15 | €4,394 | €6,316 | +€1,922 | +43.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,394 | €3,316 | +€1,922 | +138% |
| Distributable reserves | 133 | €1,394 | €3,316 | +€1,922 | +138% |
| Amounts payable | 17/49 | €97,418 | €96,003 | -€1,415 | -1.5% |
| Amounts payable within one year | 42/48 | €97,418 | €96,003 | -€1,415 | -1.5% |
| Trade debts | 44 | €1,638 | €4,469 | +€2,830 | +173% |
| Suppliers | 440/4 | €1,638 | €4,469 | +€2,830 | +173% |
| Taxes, remuneration and social security | 45 | €17,693 | €15,944 | -€1,749 | -9.9% |
| Taxes | 450/3 | €5,857 | €9,959 | +€4,102 | +70.0% |
| Remuneration and social security | 454/9 | €11,836 | €5,985 | -€5,851 | -49.4% |
| Other amounts payable | 47/48 | €78,086 | €75,590 | -€2,497 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180 | €394 | +€214 | +119% |
| Other operating charges | 640/8 | €2,136 | €632 | -€1,504 | -70.4% |
| Gross operating margin | 9900 | €9,516 | €8,047 | -€1,468 | -15.4% |
| Operating profit (loss) | 9901 | €7,199 | €7,021 | -€178 | -2.5% |
| Financial charges | 65/66B | €1,655 | €982 | -€673 | -40.7% |
| Recurring financial charges | 65 | €1,655 | €982 | -€673 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €5,544 | €6,039 | +€495 | +8.9% |
| Income taxes | 67/77 | €4,151 | €4,117 | -€33 | -0.8% |
| Profit (loss) for the period | 9904 | €1,394 | €1,922 | +€529 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,394 | €1,922 | +€529 | +37.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.