PVW CONSULTANCY: 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.
PVW CONSULTANCY
Largest movements
- Tangible fixed assets -€5,445
down €5,445 (-25.2%), from €21,588 to €16,143
of which Land and buildings: -€4,318
- Current investments +€4,920
up €4,920 (+4.3%), from €115,119 to €120,039
- Cash -€3,788
down €3,788 (-50.3%), from €7,533 to €3,745
mainly Current investments (-€4,920) and Tax, wage and social debts (-€3,977)
- Tax, wage and social debts -€3,977
down €3,977 (-62.5%), from €6,363 to €2,386
- Other debts -€3,316
down €3,316 (-10.1%), from €32,762 to €29,446
- Reserves +€3,268
up €3,268 (+1.4%), from €234,069 to €237,337
of which Distributable reserves: +€3,268
- Gross operating margin -€15,687
down €15,687 (-59.4%), from €26,414 to €10,727
- Taxes -€4,608
down €4,608 (-54.0%), from €8,528 to €3,920
- Depreciation -€1,846
down €1,846 (-25.3%), from €7,291 to €5,445
- Financial charges +€395
up €395 (+21.2%), from €1,863 to €2,258
- Financial income -€323
down €323 (-5.3%), from €6,132 to €5,809
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 | €300,527 | €296,943 | -€3,584 | -1.2% |
| Fixed assets | 21/28 | €21,588 | €16,143 | -€5,445 | -25.2% |
| Tangible fixed assets | 22/27 | €21,588 | €16,143 | -€5,445 | -25.2% |
| Land and buildings | 22 | €15,032 | €10,714 | -€4,318 | -28.7% |
| Furniture and vehicles | 24 | €6,556 | €5,429 | -€1,127 | -17.2% |
| Current assets | 29/58 | €278,939 | €280,800 | +€1,861 | +0.7% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,196 | €7,016 | +€820 | +13.2% |
| Trade receivables | 40 | €6,196 | €6,332 | +€136 | +2.2% |
| Other amounts receivable | 41 | - | €684 | +€684 | |
| Current investments | 50/53 | €115,119 | €120,039 | +€4,920 | +4.3% |
| Cash at bank and in hand | 54/58 | €7,533 | €3,745 | -€3,788 | -50.3% |
| Deferred charges and accrued income | 490/1 | €91 | - | -€91 | |
| Total equity and liabilities | 10/49 | €300,527 | €296,943 | -€3,584 | -1.2% |
| Equity | 10/15 | €261,083 | €264,351 | +€3,268 | +1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €234,069 | €237,337 | +€3,268 | +1.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €232,210 | €235,478 | +€3,268 | +1.4% |
| Profit (loss) carried forward | 14 | €8,422 | €8,422 | = | 0.0% |
| Amounts payable | 17/49 | €39,444 | €32,592 | -€6,852 | -17.4% |
| Amounts payable within one year | 42/48 | €39,309 | €32,396 | -€6,913 | -17.6% |
| Trade debts | 44 | €184 | €564 | +€380 | +207% |
| Suppliers | 440/4 | €184 | €564 | +€380 | +207% |
| Taxes, remuneration and social security | 45 | €6,363 | €2,386 | -€3,977 | -62.5% |
| Taxes | 450/3 | €6,363 | €2,386 | -€3,977 | -62.5% |
| Other amounts payable | 47/48 | €32,762 | €29,446 | -€3,316 | -10.1% |
| Accrued charges and deferred income | 492/3 | €135 | €196 | +€61 | +45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,291 | €5,445 | -€1,846 | -25.3% |
| Other operating charges | 640/8 | €1,671 | €1,645 | -€26 | -1.6% |
| Gross operating margin | 9900 | €26,414 | €10,727 | -€15,687 | -59.4% |
| Operating profit (loss) | 9901 | €17,452 | €3,637 | -€13,815 | -79.2% |
| Financial income | 75/76B | €6,132 | €5,809 | -€323 | -5.3% |
| Recurring financial income | 75 | €6,132 | €5,809 | -€323 | -5.3% |
| Financial charges | 65/66B | €1,863 | €2,258 | +€395 | +21.2% |
| Recurring financial charges | 65 | €1,863 | €2,258 | +€395 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €21,721 | €7,188 | -€14,533 | -66.9% |
| Income taxes | 67/77 | €8,528 | €3,920 | -€4,608 | -54.0% |
| Profit (loss) for the period | 9904 | €13,193 | €3,268 | -€9,925 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,193 | €3,268 | -€9,925 | -75.2% |
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 20 October 2026 via checked.be.