PVDC 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.
PVDC CONSULTING
Largest movements
- Current investments -€250,000
no longer reported in 2024 (was €250,000)
- Tangible fixed assets +€207,750
up €207,750 (+11.5%), from €1.8m to €2.0m
of which Land and buildings: +€178,457
- Receivables within one year +€153,259
up €153,259 (+65.2%), from €235,040 to €388,299
of which Other amounts receivable: +€102,648
- Cash -€87,289
down €87,289 (-40.5%), from €215,725 to €128,437
mainly Investment in fixed assets (net) (-€220,744) and Receivables within one year (-€153,259)
- Reserves +€139,863
up €139,863 (+9.7%), from €1.4m to €1.6m
of which Distributable reserves: +€160,913
- Debts after one year -€70,337
down €70,337 (-32.4%), from €216,971 to €146,634
- Tax, wage and social debts +€38,195
up €38,195 (+122%), from €31,310 to €69,506
of which Taxes: +€39,481
- Current portion of long-term debt -€37,532
down €37,532 (-34.8%), from €107,869 to €70,337
- Short-term financial debts -€26,971
no longer reported in 2024 (was €26,971)
- Gross operating margin -€42,473
down €42,473 (-9.7%), from €437,765 to €395,293
- Financial income +€16,748
up €16,748 (+1,078%), from €1,553 to €18,301
- Financial charges +€12,250
up €12,250 (+46.3%), from €26,449 to €38,700
- Other operating charges +€6,650
up €6,650 (+31.3%), from €21,269 to €27,919
- Taxes -€4,479
down €4,479 (-5.8%), from €77,631 to €73,152
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,519,424 | €2,562,534 | +€43,110 | +1.7% |
| Fixed assets | 21/28 | €1,800,148 | €2,007,898 | +€207,750 | +11.5% |
| Tangible fixed assets | 22/27 | €1,800,148 | €2,007,898 | +€207,750 | +11.5% |
| Land and buildings | 22 | €1,793,965 | €1,972,422 | +€178,457 | +9.9% |
| Furniture and vehicles | 24 | €6,183 | €35,476 | +€29,293 | +474% |
| Current assets | 29/58 | €719,276 | €554,635 | -€164,640 | -22.9% |
| Amounts receivable within one year | 40/41 | €235,040 | €388,299 | +€153,259 | +65.2% |
| Trade receivables | 40 | €230,994 | €281,605 | +€50,611 | +21.9% |
| Other amounts receivable | 41 | €4,046 | €106,694 | +€102,648 | +2,537% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €215,725 | €128,437 | -€87,289 | -40.5% |
| Deferred charges and accrued income | 490/1 | €18,510 | €37,900 | +€19,389 | +105% |
| Total equity and liabilities | 10/49 | €2,519,424 | €2,562,534 | +€43,110 | +1.7% |
| Equity | 10/15 | €1,539,229 | €1,679,092 | +€139,863 | +9.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,438,256 | €1,578,119 | +€139,863 | +9.7% |
| 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 | €429,915 | €408,865 | -€21,050 | -4.9% |
| Distributable reserves | 133 | €1,006,481 | €1,167,394 | +€160,913 | +16.0% |
| Profit (loss) carried forward | 14 | €94,773 | €94,773 | = | 0.0% |
| Provisions and deferred taxes | 16 | €45,129 | €45,129 | = | 0.0% |
| Deferred taxes | 168 | €45,129 | €45,129 | = | 0.0% |
| Amounts payable | 17/49 | €935,066 | €838,313 | -€96,753 | -10.3% |
| Amounts payable after more than one year | 17 | €216,971 | €146,634 | -€70,337 | -32.4% |
| Financial debts | 170/4 | €216,971 | €146,634 | -€70,337 | -32.4% |
| Amounts payable within one year | 42/48 | €701,514 | €663,757 | -€37,757 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €107,869 | €70,337 | -€37,532 | -34.8% |
| Financial debts | 43 | €26,971 | - | -€26,971 | |
| Credit institutions | 430/8 | €26,971 | - | -€26,971 | |
| Trade debts | 44 | €3,993 | €12,795 | +€8,801 | +220% |
| Suppliers | 440/4 | €3,993 | €12,795 | +€8,801 | +220% |
| Taxes, remuneration and social security | 45 | €31,310 | €69,506 | +€38,195 | +122% |
| Taxes | 450/3 | €15,722 | €55,203 | +€39,481 | +251% |
| Remuneration and social security | 454/9 | €15,588 | €14,303 | -€1,285 | -8.2% |
| Other amounts payable | 47/48 | €531,371 | €511,119 | -€20,251 | -3.8% |
| Accrued charges and deferred income | 492/3 | €16,582 | €27,923 | +€11,341 | +68.4% |
| Remuneration, social security and pensions | 62 | €117,271 | €120,966 | +€3,695 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,618 | €12,994 | -€1,624 | -11.1% |
| Other operating charges | 640/8 | €21,269 | €27,919 | +€6,650 | +31.3% |
| Gross operating margin | 9900 | €437,765 | €395,293 | -€42,473 | -9.7% |
| Operating profit (loss) | 9901 | €284,608 | €233,413 | -€51,194 | -18.0% |
| Financial income | 75/76B | €1,553 | €18,301 | +€16,748 | +1,078% |
| Recurring financial income | 75 | €1,553 | €18,301 | +€16,748 | +1,078% |
| Financial charges | 65/66B | €26,449 | €38,700 | +€12,250 | +46.3% |
| Recurring financial charges | 65 | €26,449 | €38,700 | +€12,250 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €259,712 | €213,015 | -€46,697 | -18.0% |
| Income taxes | 67/77 | €77,631 | €73,152 | -€4,479 | -5.8% |
| Profit (loss) for the period | 9904 | €182,080 | €139,863 | -€42,217 | -23.2% |
| Transfer from tax-exempt reserves | 789 | - | €84,200 | +€84,200 | |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €182,080 | €160,913 | -€21,167 | -11.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.