PVG CONSULTS: 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.
What changed
PVG CONSULTS
NACE 66.210, Risk and damage evaluation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€22,307
2024 · -€65,790+€43,483
Equity
€294,342
2024 · €316,648-€22,306
Cash
€29,828
2024 · €41,185-€11,357
Balance sheet total
€3.4m
2024 · €3.5m-€161,022
Largest movements
Assets
- Tangible fixed assets -€133,675
down €133,675 (-3.8%), from €3.5m to €3.3m
of which Land and buildings: -€92,751
Equity and liabilities
- Other debts -€104,996
down €104,996 (-16.2%), from €647,093 to €542,097
Income statement
- Gross operating margin +€123,166
up €123,166 (+55.4%), from €222,260 to €345,426
- Other operating charges +€56,356
up €56,356 (+403%), from €13,987 to €70,343
- Financial charges +€7,570
up €7,570 (+6.5%), from €116,338 to €123,908
- Financial income -€7,156
down €7,156 (-99.7%), from €7,175 to €19
- Taxes +€5,790
up €5,790 (+718%), from €806 to €6,596
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
-€65,790
Gross operating margin
+€123,166
Depreciation
-€2,810
Other operating charges
-€56,356
Financial income
-€7,156
Financial charges
-€7,570
Taxes
-€5,790
Result 2025
-€22,307
raises the resultlowers the result
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.
From operations
+€35,249
Investment
-€41,463
Financing
-€5,143
Cash 2024
€41,185
From operations (derived)
+€35,249
Net result for the year
-€22,307
Depreciation
+€175,138
Receivables within one year
+€15,991
Provisions
-€8,234
Trade debts
-€10,630
Tax, wage and social debts
-€14,703
Other debts
-€104,996
Accrued charges and deferred income
+€4,991
Investment (derived)
-€41,463
Investment in fixed assets (net)
-€41,463
Financing
-€5,143
Debts after one year
-€30,403
Current portion of long-term debt
+€25,260
Contributions, distributions and other
+€0
Cash 2025
€29,828
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,545,524 | €3,384,502 | -€161,022 | -4.5% |
| Fixed assets | 21/28 | €3,480,352 | €3,346,677 | -€133,675 | -3.8% |
| Tangible fixed assets | 22/27 | €3,480,327 | €3,346,652 | -€133,675 | -3.8% |
| Land and buildings | 22 | €3,014,075 | €2,921,324 | -€92,751 | -3.1% |
| Plant, machinery and equipment | 23 | €352,317 | €364,057 | +€11,740 | +3.3% |
| Furniture and vehicles | 24 | €113,935 | €61,272 | -€52,664 | -46.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €65,172 | €37,824 | -€27,348 | -42.0% |
| Amounts receivable within one year | 40/41 | €23,987 | €7,996 | -€15,991 | -66.7% |
| Trade receivables | 40 | €17,895 | €6,666 | -€11,230 | -62.8% |
| Other amounts receivable | 41 | €6,092 | €1,331 | -€4,761 | -78.2% |
| Cash at bank and in hand | 54/58 | €41,185 | €29,828 | -€11,357 | -27.6% |
| Total equity and liabilities | 10/49 | €3,545,524 | €3,384,502 | -€161,022 | -4.5% |
| Equity | 10/15 | €316,648 | €294,342 | -€22,306 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,469 | €102,469 | +€0 | 0.0% |
| 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 | €100,609 | €100,609 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €195,579 | €173,272 | -€22,307 | -11.4% |
| Provisions and deferred taxes | 16 | €1,346,078 | €1,337,844 | -€8,234 | -0.6% |
| Provisions for liabilities and charges | 160/5 | €1,346,078 | €1,337,844 | -€8,234 | -0.6% |
| Other liabilities and charges | 164/5 | €1,346,078 | €1,337,844 | -€8,234 | -0.6% |
| Amounts payable | 17/49 | €1,882,798 | €1,752,316 | -€130,482 | -6.9% |
| Amounts payable after more than one year | 17 | €1,073,587 | €1,043,184 | -€30,403 | -2.8% |
| Financial debts | 170/4 | €1,073,587 | €1,043,184 | -€30,403 | -2.8% |
| Amounts payable within one year | 42/48 | €809,211 | €704,142 | -€105,069 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €103,177 | €128,437 | +€25,260 | +24.5% |
| Trade debts | 44 | €32,387 | €21,757 | -€10,630 | -32.8% |
| Suppliers | 440/4 | €32,387 | €21,757 | -€10,630 | -32.8% |
| Taxes, remuneration and social security | 45 | €26,554 | €11,851 | -€14,703 | -55.4% |
| Taxes | 450/3 | €26,554 | €11,851 | -€14,703 | -55.4% |
| Other amounts payable | 47/48 | €647,093 | €542,097 | -€104,996 | -16.2% |
| Accrued charges and deferred income | 492/3 | - | €4,991 | +€4,991 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,328 | €175,138 | +€2,810 | +1.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€8,234 | -€8,234 | = | 0.0% |
| Other operating charges | 640/8 | €13,987 | €70,343 | +€56,356 | +403% |
| Gross operating margin | 9900 | €222,260 | €345,426 | +€123,166 | +55.4% |
| Operating profit (loss) | 9901 | €44,179 | €108,179 | +€64,000 | +145% |
| Financial income | 75/76B | €7,175 | €19 | -€7,156 | -99.7% |
| Recurring financial income | 75 | €7,175 | €19 | -€7,156 | -99.7% |
| Financial charges | 65/66B | €116,338 | €123,908 | +€7,570 | +6.5% |
| Recurring financial charges | 65 | €116,338 | €123,908 | +€7,570 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€64,984 | -€15,711 | +€49,273 | +75.8% |
| Income taxes | 67/77 | €806 | €6,596 | +€5,790 | +718% |
| Profit (loss) for the period | 9904 | -€65,790 | -€22,307 | +€43,483 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,790 | -€22,307 | +€43,483 | +66.1% |
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 25 October 2026 via checked.be.