PVDK Consult: 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.
PVDK Consult
Largest movements
- Cash -€76,331
down €76,331 (-56.4%), from €135,303 to €58,972
mainly Contributions, distributions and other (-€334,000) and Debts after one year (-€26,494)
- Receivables within one year +€16,227
up €16,227 (+15.1%), from €107,580 to €123,807
of which Other amounts receivable: +€10,131
- Tangible fixed assets -€14,047
down €14,047 (-4.5%), from €312,494 to €298,446
of which Furniture and vehicles: -€9,440
- Profit (loss) carried forward -€232,478
down €232,478 (-69.6%), from €334,171 to €101,693
- Other debts +€199,110
up €199,110 (+47,792%), from €417 to €199,527
- Debts after one year -€26,494
down €26,494 (-16.2%), from €163,493 to €136,999
of which Financial debts: -€26,494
- Trade debts -€9,863
down €9,863 (-91.1%), from €10,831 to €968
- Gross operating margin -€53,351
down €53,351 (-25.2%), from €211,865 to €158,514
- Taxes -€13,142
down €13,142 (-30.4%), from €43,197 to €30,054
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 | €579,497 | €510,275 | -€69,222 | -11.9% |
| Fixed assets | 21/28 | €322,727 | €308,680 | -€14,047 | -4.4% |
| Tangible fixed assets | 22/27 | €312,494 | €298,446 | -€14,047 | -4.5% |
| Land and buildings | 22 | €251,763 | €245,671 | -€6,092 | -2.4% |
| Plant, machinery and equipment | 23 | €691 | €2,176 | +€1,485 | +215% |
| Furniture and vehicles | 24 | €60,040 | €50,600 | -€9,440 | -15.7% |
| Financial fixed assets | 28 | €10,234 | €10,234 | = | 0.0% |
| Current assets | 29/58 | €256,769 | €201,595 | -€55,174 | -21.5% |
| Amounts receivable after more than one year | 29 | €7,000 | €10,500 | +€3,500 | +50.0% |
| Other amounts receivable | 291 | €7,000 | €10,500 | +€3,500 | +50.0% |
| Amounts receivable within one year | 40/41 | €107,580 | €123,807 | +€16,227 | +15.1% |
| Trade receivables | 40 | €104,060 | €110,156 | +€6,096 | +5.9% |
| Other amounts receivable | 41 | €3,520 | €13,651 | +€10,131 | +288% |
| Current investments | 50/53 | €5,930 | €5,843 | -€87 | -1.5% |
| Cash at bank and in hand | 54/58 | €135,303 | €58,972 | -€76,331 | -56.4% |
| Deferred charges and accrued income | 490/1 | €957 | €2,473 | +€1,517 | +158% |
| Total equity and liabilities | 10/49 | €579,497 | €510,275 | -€69,222 | -11.9% |
| Equity | 10/15 | €354,631 | €122,153 | -€232,478 | -65.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €334,171 | €101,693 | -€232,478 | -69.6% |
| Amounts payable | 17/49 | €224,865 | €388,122 | +€163,257 | +72.6% |
| Amounts payable after more than one year | 17 | €163,493 | €136,999 | -€26,494 | -16.2% |
| Financial debts | 170/4 | €161,693 | €135,199 | -€26,494 | -16.4% |
| Other amounts payable | 178/9 | €1,800 | €1,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,442 | €249,280 | +€189,838 | +319% |
| Current portion of amounts payable after more than one year | 42 | €25,749 | €26,494 | +€745 | +2.9% |
| Trade debts | 44 | €10,831 | €968 | -€9,863 | -91.1% |
| Suppliers | 440/4 | €10,831 | €968 | -€9,863 | -91.1% |
| Taxes, remuneration and social security | 45 | €22,445 | €22,291 | -€154 | -0.7% |
| Taxes | 450/3 | €22,445 | €22,291 | -€154 | -0.7% |
| Other amounts payable | 47/48 | €417 | €199,527 | +€199,110 | +47,792% |
| Accrued charges and deferred income | 492/3 | €1,930 | €1,843 | -€87 | -4.5% |
| Non-recurring operating income | 76A | - | €7,240 | +€7,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,604 | €22,015 | +€1,411 | +6.8% |
| Other operating charges | 640/8 | €1,757 | €1,940 | +€183 | +10.4% |
| Gross operating margin | 9900 | €211,865 | €158,514 | -€53,351 | -25.2% |
| Operating profit (loss) | 9901 | €189,504 | €134,560 | -€54,944 | -29.0% |
| Financial income | 75/76B | €534 | €617 | +€83 | +15.6% |
| Recurring financial income | 75 | €534 | €617 | +€83 | +15.6% |
| Financial charges | 65/66B | €4,391 | €3,601 | -€791 | -18.0% |
| Recurring financial charges | 65 | €4,391 | €3,601 | -€791 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €185,646 | €131,576 | -€54,070 | -29.1% |
| Income taxes | 67/77 | €43,197 | €30,054 | -€13,142 | -30.4% |
| Profit (loss) for the period | 9904 | €142,450 | €101,522 | -€40,928 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €142,450 | €101,522 | -€40,928 | -28.7% |
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.