PVH-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.
PVH-Consult
Largest movements
- Cash +€60,762
up €60,762 (+183%), from €33,243 to €94,006
mainly Net result for the year (+€53,502) and Tax, wage and social debts (+€14,922)
- Receivables within one year +€6,087
up €6,087 (+43.3%), from €14,059 to €20,145
of which Other amounts receivable: +€7,100
- Reserves +€53,502
up €53,502 (+121%), from €44,381 to €97,883
- Tax, wage and social debts +€14,922
up €14,922 (+455%), from €3,277 to €18,199
- Other debts -€2,750
no longer reported in 2025 (was €2,750)
- Gross operating margin +€11,637
up €11,637 (+19.7%), from €59,176 to €70,813
- Taxes +€2,011
up €2,011 (+16.2%), from €12,398 to €14,409
- Financial charges +€1,247
up €1,247 (+123%), from €1,017 to €2,264
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 | €52,202 | €117,664 | +€65,462 | +125% |
| Fixed assets | 21/28 | €4,228 | €3,331 | -€897 | -21.2% |
| Tangible fixed assets | 22/27 | €4,228 | €3,331 | -€897 | -21.2% |
| Other tangible fixed assets | 26 | €4,228 | €3,331 | -€897 | -21.2% |
| Current assets | 29/58 | €47,974 | €114,333 | +€66,359 | +138% |
| Amounts receivable within one year | 40/41 | €14,059 | €20,145 | +€6,087 | +43.3% |
| Trade receivables | 40 | €14,059 | €13,045 | -€1,013 | -7.2% |
| Other amounts receivable | 41 | - | €7,100 | +€7,100 | |
| Cash at bank and in hand | 54/58 | €33,243 | €94,006 | +€60,762 | +183% |
| Deferred charges and accrued income | 490/1 | €672 | €182 | -€490 | -72.9% |
| Total equity and liabilities | 10/49 | €52,202 | €117,664 | +€65,462 | +125% |
| Equity | 10/15 | €45,381 | €98,883 | +€53,502 | +118% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €44,381 | €97,883 | +€53,502 | +121% |
| Distributable reserves | 133 | €44,381 | €97,883 | +€53,502 | +121% |
| Amounts payable | 17/49 | €6,820 | €18,781 | +€11,960 | +175% |
| Amounts payable within one year | 42/48 | €6,820 | €18,781 | +€11,960 | +175% |
| Trade debts | 44 | €793 | €582 | -€211 | -26.7% |
| Suppliers | 440/4 | €793 | €582 | -€211 | -26.7% |
| Taxes, remuneration and social security | 45 | €3,277 | €18,199 | +€14,922 | +455% |
| Taxes | 450/3 | €3,277 | €18,199 | +€14,922 | +455% |
| Other amounts payable | 47/48 | €2,750 | - | -€2,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258 | €897 | +€640 | +248% |
| Other operating charges | 640/8 | €288 | - | -€288 | |
| Gross operating margin | 9900 | €59,176 | €70,813 | +€11,637 | +19.7% |
| Operating profit (loss) | 9901 | €58,630 | €69,916 | +€11,286 | +19.2% |
| Financial income | 75/76B | - | €260 | +€260 | |
| Recurring financial income | 75 | - | €260 | +€260 | |
| Financial charges | 65/66B | €1,017 | €2,264 | +€1,247 | +123% |
| Recurring financial charges | 65 | €1,017 | €2,264 | +€1,247 | +123% |
| Profit (loss) for the period before taxes | 9903 | €57,612 | €67,911 | +€10,299 | +17.9% |
| Income taxes | 67/77 | €12,398 | €14,409 | +€2,011 | +16.2% |
| Profit (loss) for the period | 9904 | €45,214 | €53,502 | +€8,288 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,214 | €53,502 | +€8,288 | +18.3% |
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 26 October 2026 via checked.be.