PX 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.
PX Consulting
Largest movements
- Tangible fixed assets +€283,121
up €283,121 (+675%), from €41,921 to €325,042
of which Land and buildings: +€208,454
- Receivables within one year +€110,925
up €110,925 (+124%), from €89,310 to €200,234
of which Trade receivables: +€116,157
- Current investments +€57,091
up €57,091 (+33.7%), from €169,361 to €226,452
- Cash -€37,644
down €37,644 (-12.3%), from €306,576 to €268,932
mainly Contributions, distributions and other (-€350,506) and Investment in fixed assets (net) (-€308,852)
- Debts after one year +€207,809
up €207,809 (+831%), from €25,000 to €232,808
- Profit (loss) carried forward +€161,574
up €161,574 (+37.1%), from €435,719 to €597,294
- Trade debts +€35,308
up €35,308 (+293%), from €12,038 to €47,346
- Current portion of long-term debt +€19,105
up €19,105 (+327%), from €5,845 to €24,950
- Gross operating margin +€634,409
up €634,409 (+199%), from €319,406 to €953,816
- Staff costs +€228,449
up €228,449 (+2,405%), from €9,499 to €237,949
- Taxes +€93,735
up €93,735 (+126%), from €74,648 to €168,383
- Depreciation +€22,718
up €22,718 (+754%), from €3,014 to €25,732
- Financial charges +€9,859
up €9,859 (+333%), from €2,961 to €12,820
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 | €614,580 | €1,037,585 | +€423,005 | +68.8% |
| Fixed assets | 21/28 | €41,921 | €325,042 | +€283,121 | +675% |
| Tangible fixed assets | 22/27 | €41,921 | €325,042 | +€283,121 | +675% |
| Land and buildings | 22 | - | €208,454 | +€208,454 | |
| Furniture and vehicles | 24 | €41,921 | €116,588 | +€74,667 | +178% |
| Current assets | 29/58 | €572,659 | €712,544 | +€139,885 | +24.4% |
| Amounts receivable within one year | 40/41 | €89,310 | €200,234 | +€110,925 | +124% |
| Trade receivables | 40 | €63,912 | €180,069 | +€116,157 | +182% |
| Other amounts receivable | 41 | €25,398 | €20,165 | -€5,233 | -20.6% |
| Current investments | 50/53 | €169,361 | €226,452 | +€57,091 | +33.7% |
| Cash at bank and in hand | 54/58 | €306,576 | €268,932 | -€37,644 | -12.3% |
| Deferred charges and accrued income | 490/1 | €7,412 | €16,926 | +€9,514 | +128% |
| Total equity and liabilities | 10/49 | €614,580 | €1,037,585 | +€423,005 | +68.8% |
| Equity | 10/15 | €440,719 | €602,294 | +€161,574 | +36.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €435,719 | €597,294 | +€161,574 | +37.1% |
| Amounts payable | 17/49 | €173,861 | €435,292 | +€261,431 | +150% |
| Amounts payable after more than one year | 17 | €25,000 | €232,808 | +€207,809 | +831% |
| Financial debts | 170/4 | €25,000 | €232,808 | +€207,809 | +831% |
| Amounts payable within one year | 42/48 | €148,861 | €202,483 | +€53,622 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €5,845 | €24,950 | +€19,105 | +327% |
| Trade debts | 44 | €12,038 | €47,346 | +€35,308 | +293% |
| Suppliers | 440/4 | €12,038 | €47,346 | +€35,308 | +293% |
| Taxes, remuneration and social security | 45 | €125,253 | €123,444 | -€1,809 | -1.4% |
| Taxes | 450/3 | €123,405 | €85,149 | -€38,255 | -31.0% |
| Remuneration and social security | 454/9 | €1,848 | €38,295 | +€36,447 | +1,972% |
| Other amounts payable | 47/48 | €5,726 | €6,744 | +€1,018 | +17.8% |
| Remuneration, social security and pensions | 62 | €9,499 | €237,949 | +€228,449 | +2,405% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,014 | €25,732 | +€22,718 | +754% |
| Other operating charges | 640/8 | - | €580 | +€580 | |
| Gross operating margin | 9900 | €319,406 | €953,816 | +€634,409 | +199% |
| Operating profit (loss) | 9901 | €306,893 | €689,556 | +€382,663 | +125% |
| Financial income | 75/76B | €10,020 | €3,727 | -€6,293 | -62.8% |
| Recurring financial income | 75 | €10,020 | €3,727 | -€6,293 | -62.8% |
| Financial charges | 65/66B | €2,961 | €12,820 | +€9,859 | +333% |
| Recurring financial charges | 65 | €2,961 | €12,820 | +€9,859 | +333% |
| Profit (loss) for the period before taxes | 9903 | €313,952 | €680,463 | +€366,511 | +117% |
| Income taxes | 67/77 | €74,648 | €168,383 | +€93,735 | +126% |
| Profit (loss) for the period | 9904 | €239,305 | €512,081 | +€272,776 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €239,305 | €512,081 | +€272,776 | +114% |
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 23 October 2026 via checked.be.