PVL-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.
PVL-CONSULT
Largest movements
- Cash -€56,390
down €56,390 (-89.3%), from €63,137 to €6,747
mainly Contributions, distributions and other (-€39,216) and Receivables within one year (-€12,884)
- Receivables within one year +€12,884
up €12,884 (+69.1%), from €18,641 to €31,525
of which Trade receivables: +€18,384
- Deferred charges and accrued income +€10,494
new in 2025: €10,494
- Tangible fixed assets +€2,338
up €2,338 (+29.0%), from €8,072 to €10,410
of which Plant, machinery and equipment: +€2,243
- Reserves -€36,396
down €36,396 (-43.8%), from €83,007 to €46,612
- Tax, wage and social debts +€5,363
up €5,363, from €0 to €5,363
- Gross operating margin +€10,139
up €10,139, from -€4,222 to €5,917
- Depreciation -€2,318
down €2,318 (-59.6%), from €3,890 to €1,571
- Taxes +€613
up €613 (+3,481%), from €18 to €630
- Financial charges +€542
up €542 (+553%), from €98 to €640
- Other operating charges +€483
up €483 (+95.6%), from €505 to €989
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 | €89,850 | €59,176 | -€30,674 | -34.1% |
| Fixed assets | 21/28 | €8,072 | €10,410 | +€2,338 | +29.0% |
| Tangible fixed assets | 22/27 | €8,072 | €10,410 | +€2,338 | +29.0% |
| Plant, machinery and equipment | 23 | €136 | €2,379 | +€2,243 | +1,643% |
| Furniture and vehicles | 24 | €7,936 | €8,031 | +€95 | +1.2% |
| Current assets | 29/58 | €81,777 | €48,766 | -€33,012 | -40.4% |
| Amounts receivable within one year | 40/41 | €18,641 | €31,525 | +€12,884 | +69.1% |
| Trade receivables | 40 | - | €18,384 | +€18,384 | |
| Other amounts receivable | 41 | €18,641 | €13,140 | -€5,500 | -29.5% |
| Cash at bank and in hand | 54/58 | €63,137 | €6,747 | -€56,390 | -89.3% |
| Deferred charges and accrued income | 490/1 | - | €10,494 | +€10,494 | |
| Total equity and liabilities | 10/49 | €89,850 | €59,176 | -€30,674 | -34.1% |
| Equity | 10/15 | €89,207 | €52,812 | -€36,396 | -40.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,007 | €46,612 | -€36,396 | -43.8% |
| Distributable reserves | 133 | €83,007 | €46,612 | -€36,396 | -43.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €642 | €6,364 | +€5,722 | +891% |
| Amounts payable within one year | 42/48 | €642 | €6,364 | +€5,722 | +891% |
| Financial debts | 43 | - | €12 | +€12 | |
| Credit institutions | 430/8 | - | €12 | +€12 | |
| Trade debts | 44 | €642 | €989 | +€346 | +53.9% |
| Suppliers | 440/4 | €642 | €989 | +€346 | +53.9% |
| Taxes, remuneration and social security | 45 | €0 | €5,363 | +€5,363 | |
| Taxes | 450/3 | €0 | €5,363 | +€5,363 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,890 | €1,571 | -€2,318 | -59.6% |
| Other operating charges | 640/8 | €505 | €989 | +€483 | +95.6% |
| Gross operating margin | 9900 | -€4,222 | €5,917 | +€10,139 | |
| Operating profit (loss) | 9901 | -€8,617 | €3,358 | +€11,975 | |
| Financial income | 75/76B | €982 | €732 | -€250 | -25.5% |
| Recurring financial income | 75 | €982 | €732 | -€250 | -25.5% |
| Financial charges | 65/66B | €98 | €640 | +€542 | +553% |
| Recurring financial charges | 65 | €98 | €640 | +€542 | +553% |
| Profit (loss) for the period before taxes | 9903 | -€7,733 | €3,450 | +€11,183 | |
| Income taxes | 67/77 | €18 | €630 | +€613 | +3,481% |
| Profit (loss) for the period | 9904 | -€7,750 | €2,820 | +€10,570 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,750 | €2,820 | +€10,570 |
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 21 October 2026 via checked.be.