PVDCONSULT: 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.
PVDCONSULT
Largest movements
- Cash +€73,447
up €73,447 (+126.3%), from €58,162 to €131,608
mainly Net result for the year (+€47,988) and Receivables within one year (+€16,519)
- Receivables within one year -€16,519
down €16,519 (-46.0%), from €35,896 to €19,377
of which Trade receivables: -€12,871
- Reserves +€47,000
up €47,000 (+2526.9%), from €1,860 to €48,860
of which Distributable reserves: +€47,000
- Tax, wage and social debts +€11,873
up €11,873 (+341.2%), from €3,480 to €15,353
of which Taxes: +€11,873
- Trade debts -€2,423
down €2,423 (-73.7%), from €3,286 to €863
- Gross operating margin +€58,318
up €58,318 (+370.7%), from €15,733 to €74,051
- Taxes +€18,947
up €18,947 (+4839.4%), from €392 to €19,339
- Depreciation -€9,661
down €9,661 (-83.4%), from €11,591 to €1,930
- Other operating charges -€1,905
down €1,905 (-53.0%), from €3,593 to €1,688
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,037 | €158,475 | +€57,438 | +56.8% |
| Fixed assets | 21/28 | €6,628 | €6,850 | +€223 | +3.4% |
| Tangible fixed assets | 22/27 | €6,628 | €6,850 | +€223 | +3.4% |
| Furniture and vehicles | 24 | €6,628 | €6,850 | +€223 | +3.4% |
| Current assets | 29/58 | €94,409 | €151,625 | +€57,215 | +60.6% |
| Amounts receivable within one year | 40/41 | €35,896 | €19,377 | -€16,519 | -46.0% |
| Trade receivables | 40 | €12,871 | - | -€12,871 | |
| Other amounts receivable | 41 | €23,025 | €19,377 | -€3,648 | -15.8% |
| Cash at bank and in hand | 54/58 | €58,162 | €131,608 | +€73,447 | +126.3% |
| Deferred charges and accrued income | 490/1 | €352 | €639 | +€288 | +81.8% |
| Total equity and liabilities | 10/49 | €101,037 | €158,475 | +€57,438 | +56.8% |
| Equity | 10/15 | €94,271 | €142,258 | +€47,988 | +50.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €48,860 | +€47,000 | +2526.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €47,000 | +€47,000 | |
| Profit (loss) carried forward | 14 | €73,811 | €74,798 | +€988 | +1.3% |
| Amounts payable | 17/49 | €6,766 | €16,217 | +€9,450 | +139.7% |
| Amounts payable within one year | 42/48 | €6,766 | €16,217 | +€9,450 | +139.7% |
| Trade debts | 44 | €3,286 | €863 | -€2,423 | -73.7% |
| Suppliers | 440/4 | €3,286 | €863 | -€2,423 | -73.7% |
| Taxes, remuneration and social security | 45 | €3,480 | €15,353 | +€11,873 | +341.2% |
| Taxes | 450/3 | €1,230 | €13,103 | +€11,873 | +965.3% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,591 | €1,930 | -€9,661 | -83.4% |
| Other operating charges | 640/8 | €3,593 | €1,688 | -€1,905 | -53.0% |
| Gross operating margin | 9900 | €15,733 | €74,051 | +€58,318 | +370.7% |
| Operating profit (loss) | 9901 | €548 | €70,433 | +€69,884 | +12741.9% |
| Financial income | 75/76B | €1 | €3 | +€2 | +450.0% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +450.0% |
| Financial charges | 65/66B | €3,190 | €3,109 | -€81 | -2.5% |
| Recurring financial charges | 65 | €3,190 | €3,109 | -€81 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,641 | €67,327 | +€69,968 | |
| Income taxes | 67/77 | €392 | €19,339 | +€18,947 | +4839.4% |
| Profit (loss) for the period | 9904 | -€3,033 | €47,988 | +€51,021 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,033 | €47,988 | +€51,021 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.