PVX Consult: what changed
Two fiscal 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.
PVX Consult
Largest movements
- Cash +€30,333
up €30,333 (+10.1%), from €299,714 to €330,047
mainly Net result for the year (+€44,751) and Depreciation (+€14,909)
- Tangible fixed assets -€14,909
down €14,909 (-29.5%), from €50,498 to €35,589
of which Furniture and vehicles: -€11,590
- Receivables after one year +€10,290
new in 2025: €10,290
- Reserves +€44,750
up €44,750 (+17.8%), from €251,940 to €296,690
- Debts after one year -€12,953
down €12,953 (-62.4%), from €20,751 to €7,798
- Tax, wage and social debts -€6,769
down €6,769 (-42.4%), from €15,954 to €9,185
- Gross operating margin -€33,162
down €33,162 (-34.1%), from €97,128 to €63,965
- Financial income +€12,144
up €12,144 (+613.4%), from €1,980 to €14,123
of which Non-recurring financial income: +€10,054
- Taxes -€6,397
down €6,397 (-27.5%), from €23,229 to €16,832
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.
Cash bridge derived
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 | €364,375 | €388,877 | +€24,502 | +6.7% |
| Fixed assets | 21/28 | €50,498 | €35,589 | -€14,909 | -29.5% |
| Tangible fixed assets | 22/27 | €50,498 | €35,589 | -€14,909 | -29.5% |
| Land and buildings | 22 | €9,227 | €5,908 | -€3,319 | -36.0% |
| Furniture and vehicles | 24 | €41,271 | €29,681 | -€11,590 | -28.1% |
| Current assets | 29/58 | €313,878 | €353,289 | +€39,411 | +12.6% |
| Amounts receivable after more than one year | 29 | - | €10,290 | +€10,290 | |
| Other amounts receivable | 291 | - | €10,290 | +€10,290 | |
| Amounts receivable within one year | 40/41 | €14,164 | €12,850 | -€1,314 | -9.3% |
| Trade receivables | 40 | €13,327 | €12,850 | -€477 | -3.6% |
| Other amounts receivable | 41 | €837 | - | -€837 | |
| Cash at bank and in hand | 54/58 | €299,714 | €330,047 | +€30,333 | +10.1% |
| Deferred charges and accrued income | 490/1 | - | €103 | +€103 | |
| Total equity and liabilities | 10/49 | €364,375 | €388,877 | +€24,502 | +6.7% |
| Equity | 10/15 | €312,887 | €357,638 | +€44,751 | +14.3% |
| Contributions | 10/11 | €7,731 | €7,731 | = | 0.0% |
| Reserves | 13 | €251,940 | €296,690 | +€44,750 | +17.8% |
| Distributable reserves | 133 | €251,940 | €296,690 | +€44,750 | +17.8% |
| Profit (loss) carried forward | 14 | €53,217 | €53,218 | +€1 | 0.0% |
| Amounts payable | 17/49 | €51,488 | €31,239 | -€20,249 | -39.3% |
| Amounts payable after more than one year | 17 | €20,751 | €7,798 | -€12,953 | -62.4% |
| Financial debts | 170/4 | €20,751 | €7,798 | -€12,953 | -62.4% |
| Amounts payable within one year | 42/48 | €30,737 | €23,441 | -€7,296 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €12,446 | €12,953 | +€507 | +4.1% |
| Trade debts | 44 | €1,016 | €1,302 | +€286 | +28.2% |
| Suppliers | 440/4 | €1,016 | €1,302 | +€286 | +28.2% |
| Taxes, remuneration and social security | 45 | €15,954 | €9,185 | -€6,769 | -42.4% |
| Taxes | 450/3 | €15,954 | €9,185 | -€6,769 | -42.4% |
| Other amounts payable | 47/48 | €1,321 | - | -€1,321 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,549 | €14,909 | -€640 | -4.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €3 | - | -€3 | |
| Gross operating margin | 9900 | €97,128 | €63,965 | -€33,162 | -34.1% |
| Operating profit (loss) | 9901 | €81,189 | €48,657 | -€32,532 | -40.1% |
| Financial income | 75/76B | €1,980 | €14,123 | +€12,144 | +613.4% |
| Recurring financial income | 75 | €1,980 | €4,070 | +€2,090 | +105.6% |
| Non-recurring financial income | 76B | - | €10,054 | +€10,054 | |
| Financial charges | 65/66B | €1,835 | €1,196 | -€638 | -34.8% |
| Recurring financial charges | 65 | €1,835 | €1,196 | -€638 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €81,334 | €61,583 | -€19,750 | -24.3% |
| Income taxes | 67/77 | €23,229 | €16,832 | -€6,397 | -27.5% |
| Profit (loss) for the period | 9904 | €58,105 | €44,751 | -€13,354 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,105 | €44,751 | -€13,354 | -23.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.