PVR Management & Consulting: 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.
PVR Management & Consulting
Largest movements
- Tangible fixed assets -€17,031
down €17,031 (-5.2%), from €325,742 to €308,710
- Deferred charges and accrued income +€6,000
new in 2025: €6,000
- Debts after one year -€31,824
down €31,824 (-17.6%), from €180,960 to €149,136
- Trade debts +€10,564
up €10,564 (+64.3%), from €16,432 to €26,996
- Accrued charges and deferred income +€3,782
new in 2025: €3,782
- Purchases and services +€7,324
up €7,324 (+258%), from €2,842 to €10,166
- Turnover +€5,187
up €5,187 (+14.6%), from €35,435 to €40,622
- Gross operating margin -€2,137
down €2,137 (-6.6%), from €32,593 to €30,457
- Financial charges -€756
down €756 (-7.3%), from €10,333 to €9,576
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €329,180 | €314,907 | -€14,273 | -4.3% |
| Fixed assets | 21/28 | €325,742 | €308,710 | -€17,031 | -5.2% |
| Tangible fixed assets | 22/27 | €325,742 | €308,710 | -€17,031 | -5.2% |
| Land and buildings | 22 | €325,742 | €308,710 | -€17,031 | -5.2% |
| Current assets | 29/58 | €3,438 | €6,196 | +€2,758 | +80.2% |
| Amounts receivable within one year | 40/41 | €3,438 | €196 | -€3,242 | -94.3% |
| Trade receivables | 40 | €3,438 | €196 | -€3,242 | -94.3% |
| Deferred charges and accrued income | 490/1 | - | €6,000 | +€6,000 | |
| Total equity and liabilities | 10/49 | €329,180 | €314,907 | -€14,273 | -4.3% |
| Equity | 10/15 | €76,232 | €76,383 | +€151 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,632 | €57,783 | +€151 | +0.3% |
| Distributable reserves | 133 | €57,632 | €57,783 | +€151 | +0.3% |
| Amounts payable | 17/49 | €252,948 | €238,524 | -€14,424 | -5.7% |
| Amounts payable after more than one year | 17 | €180,960 | €149,136 | -€31,824 | -17.6% |
| Financial debts | 170/4 | €180,960 | €149,136 | -€31,824 | -17.6% |
| Amounts payable within one year | 42/48 | €71,988 | €85,606 | +€13,618 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €31,540 | €31,824 | +€284 | +0.9% |
| Financial debts | 43 | €2,086 | €4,632 | +€2,547 | +122% |
| Credit institutions | 430/8 | €2,086 | €4,632 | +€2,547 | +122% |
| Trade debts | 44 | €16,432 | €26,996 | +€10,564 | +64.3% |
| Suppliers | 440/4 | €16,432 | €26,996 | +€10,564 | +64.3% |
| Taxes, remuneration and social security | 45 | €410 | €987 | +€577 | +140% |
| Taxes | 450/3 | €410 | €987 | +€577 | +140% |
| Other amounts payable | 47/48 | €21,520 | €21,166 | -€353 | -1.6% |
| Accrued charges and deferred income | 492/3 | - | €3,782 | +€3,782 | |
| Turnover | 70 | €35,435 | €40,622 | +€5,187 | +14.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,842 | €10,166 | +€7,324 | +258% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,031 | €17,031 | = | 0.0% |
| Other operating charges | 640/8 | €3,564 | €3,636 | +€72 | +2.0% |
| Gross operating margin | 9900 | €32,593 | €30,457 | -€2,137 | -6.6% |
| Operating profit (loss) | 9901 | €11,998 | €9,790 | -€2,209 | -18.4% |
| Financial charges | 65/66B | €10,333 | €9,576 | -€756 | -7.3% |
| Recurring financial charges | 65 | €10,333 | €9,576 | -€756 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €1,666 | €213 | -€1,452 | -87.2% |
| Income taxes | 67/77 | €445 | €63 | -€382 | -85.9% |
| Profit (loss) for the period | 9904 | €1,221 | €151 | -€1,071 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,221 | €151 | -€1,071 | -87.7% |
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 1 November 2026 via checked.be.