PVH CONSULTING: what changed
PVH CONSULTING
Largest movements
- Cash -€16,515
down €16,515 (-33.5%), from €49,335 to €32,820
mainly Tax, wage and social debts (-€12,351) and Investment in fixed assets (net) (-€7,861)
- Tangible fixed assets +€3,611
up €3,611 (+26.2%), from €13,802 to €17,414
of which Other tangible fixed assets: +€3,215
- Receivables within one year +€1,397
up €1,397 (+4.1%), from €33,816 to €35,213
of which Other amounts receivable: +€3,269
- Deferred charges and accrued income +€1,226
up €1,226 (+160%), from €767 to €1,994
- Tax, wage and social debts -€12,351
down €12,351 (-86.2%), from €14,329 to €1,979
of which Taxes: -€8,751
- Reserves +€3,279
up €3,279 (+5.8%), from €56,590 to €59,869
- Trade debts -€1,208
down €1,208 (-18.5%), from €6,529 to €5,321
- Gross operating margin -€13,603
down €13,603 (-54.7%), from €24,890 to €11,287
- Depreciation +€903
up €903 (+27.0%), from €3,347 to €4,250
- Financial charges -€535
down €535 (-44.0%), from €1,216 to €680
- Other operating charges -€394
down €394 (-34.0%), from €1,158 to €764
- Taxes -€358
down €358 (-12.6%), from €2,850 to €2,492
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,721 | €87,440 | -€10,280 | -10.5% |
| Fixed assets | 21/28 | €13,802 | €17,414 | +€3,611 | +26.2% |
| Tangible fixed assets | 22/27 | €13,802 | €17,414 | +€3,611 | +26.2% |
| Plant, machinery and equipment | 23 | €5,422 | €3,450 | -€1,972 | -36.4% |
| Furniture and vehicles | 24 | €8,380 | €10,749 | +€2,368 | +28.3% |
| Other tangible fixed assets | 26 | €0 | €3,215 | +€3,215 | |
| Current assets | 29/58 | €83,918 | €70,027 | -€13,892 | -16.6% |
| Amounts receivable within one year | 40/41 | €33,816 | €35,213 | +€1,397 | +4.1% |
| Trade receivables | 40 | €13,177 | €11,305 | -€1,872 | -14.2% |
| Other amounts receivable | 41 | €20,639 | €23,908 | +€3,269 | +15.8% |
| Cash at bank and in hand | 54/58 | €49,335 | €32,820 | -€16,515 | -33.5% |
| Deferred charges and accrued income | 490/1 | €767 | €1,994 | +€1,226 | +160% |
| Total equity and liabilities | 10/49 | €97,721 | €87,440 | -€10,280 | -10.5% |
| Equity | 10/15 | €75,612 | €78,891 | +€3,279 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,590 | €59,869 | +€3,279 | +5.8% |
| Distributable reserves | 133 | €56,590 | €59,869 | +€3,279 | +5.8% |
| Profit (loss) carried forward | 14 | €422 | €422 | = | 0.0% |
| Amounts payable | 17/49 | €22,109 | €8,550 | -€13,559 | -61.3% |
| Amounts payable within one year | 42/48 | €22,109 | €8,550 | -€13,559 | -61.3% |
| Current portion of amounts payable after more than one year | 42 | €1,250 | €1,250 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,529 | €5,321 | -€1,208 | -18.5% |
| Suppliers | 440/4 | €6,529 | €5,321 | -€1,208 | -18.5% |
| Taxes, remuneration and social security | 45 | €14,329 | €1,979 | -€12,351 | -86.2% |
| Taxes | 450/3 | €8,929 | €179 | -€8,751 | -98.0% |
| Remuneration and social security | 454/9 | €5,400 | €1,800 | -€3,600 | -66.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,347 | €4,250 | +€903 | +27.0% |
| Other operating charges | 640/8 | €1,158 | €764 | -€394 | -34.0% |
| Non-recurring operating charges | 66A | €13,921 | €824 | -€13,096 | -94.1% |
| Gross operating margin | 9900 | €24,890 | €11,287 | -€13,603 | -54.7% |
| Operating profit (loss) | 9901 | €6,465 | €5,449 | -€1,016 | -15.7% |
| Financial income | 75/76B | €1,207 | €1,002 | -€205 | -17.0% |
| Recurring financial income | 75 | €1,207 | €1,002 | -€205 | -17.0% |
| Financial charges | 65/66B | €1,216 | €680 | -€535 | -44.0% |
| Recurring financial charges | 65 | €1,216 | €680 | -€535 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €6,457 | €5,771 | -€686 | -10.6% |
| Income taxes | 67/77 | €2,850 | €2,492 | -€358 | -12.6% |
| Profit (loss) for the period | 9904 | €3,606 | €3,279 | -€328 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,606 | €3,279 | -€328 | -9.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.