PVBCONSULT: 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.
PVBCONSULT
Largest movements
- Receivables within one year +€95,590
up €95,590 (+94.2%), from €101,529 to €197,118
of which Other amounts receivable: +€91,893
- Tangible fixed assets -€21,095
down €21,095 (-7.6%), from €276,194 to €255,100
of which Land and buildings: -€20,690
- Other debts +€67,222
up €67,222 (+453.2%), from €14,834 to €82,056
- Current portion of long-term debt +€20,824
up €20,824 (+155.1%), from €13,422 to €34,245
- Debts after one year -€19,566
down €19,566 (-20.2%), from €96,991 to €77,425
- Taxes +€13,781
up €13,781 (+459.4%), from €3,000 to €16,781
- Gross operating margin -€5,492
down €5,492 (-12.8%), from €42,992 to €37,500
- Financial income +€4,662
up €4,662 (+33.3%), from €13,996 to €18,658
- Other operating charges -€1,875
down €1,875 (-38.3%), from €4,901 to €3,025
- Financial charges -€1,106
down €1,106 (-13.6%), from €8,140 to €7,034
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 | €795,505 | €866,438 | +€70,934 | +8.9% |
| Fixed assets | 21/28 | €365,405 | €344,310 | -€21,095 | -5.8% |
| Tangible fixed assets | 22/27 | €276,194 | €255,100 | -€21,095 | -7.6% |
| Land and buildings | 22 | €267,796 | €247,106 | -€20,690 | -7.7% |
| Plant, machinery and equipment | 23 | €6,980 | €7,052 | +€72 | +1.0% |
| Furniture and vehicles | 24 | €1,418 | €942 | -€477 | -33.6% |
| Financial fixed assets | 28 | €89,210 | €89,210 | = | 0.0% |
| Current assets | 29/58 | €430,100 | €522,128 | +€92,029 | +21.4% |
| Amounts receivable after more than one year | 29 | €325,000 | €325,000 | = | 0.0% |
| Trade receivables | 290 | €325,000 | €325,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €101,529 | €197,118 | +€95,590 | +94.2% |
| Trade receivables | 40 | €28,779 | €32,475 | +€3,696 | +12.8% |
| Other amounts receivable | 41 | €72,750 | €164,643 | +€91,893 | +126.3% |
| Cash at bank and in hand | 54/58 | €3,571 | €10 | -€3,561 | -99.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €795,505 | €866,438 | +€70,934 | +8.9% |
| Equity | 10/15 | €482,558 | €489,515 | +€6,957 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €3,750 | €3,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €443,348 | €450,305 | +€6,957 | +1.6% |
| Provisions and deferred taxes | 16 | €24,024 | €24,024 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,024 | €24,024 | = | 0.0% |
| Pensions and similar obligations | 160 | €24,024 | €24,024 | = | 0.0% |
| Amounts payable | 17/49 | €288,922 | €352,899 | +€63,977 | +22.1% |
| Amounts payable after more than one year | 17 | €96,991 | €77,425 | -€19,566 | -20.2% |
| Financial debts | 170/4 | €96,991 | €77,425 | -€19,566 | -20.2% |
| Amounts payable within one year | 42/48 | €191,932 | €275,474 | +€83,543 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €13,422 | €34,245 | +€20,824 | +155.1% |
| Financial debts | 43 | €33,768 | €35,551 | +€1,783 | +5.3% |
| Credit institutions | 430/8 | €33,768 | €33,768 | -€0 | 0.0% |
| Other loans | 439 | - | €1,783 | +€1,783 | |
| Trade debts | 44 | €118,322 | €109,681 | -€8,642 | -7.3% |
| Suppliers | 440/4 | €118,322 | €109,681 | -€8,642 | -7.3% |
| Taxes, remuneration and social security | 45 | €11,586 | €13,941 | +€2,355 | +20.3% |
| Taxes | 450/3 | €11,586 | €13,941 | +€2,355 | +20.3% |
| Other amounts payable | 47/48 | €14,834 | €82,056 | +€67,222 | +453.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,492 | €22,360 | -€131 | -0.6% |
| Other operating charges | 640/8 | €4,901 | €3,025 | -€1,875 | -38.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €42,992 | €37,500 | -€5,492 | -12.8% |
| Operating profit (loss) | 9901 | €15,600 | €12,114 | -€3,485 | -22.3% |
| Financial income | 75/76B | €13,996 | €18,658 | +€4,662 | +33.3% |
| Recurring financial income | 75 | €13,996 | €18,658 | +€4,662 | +33.3% |
| Financial charges | 65/66B | €8,140 | €7,034 | -€1,106 | -13.6% |
| Recurring financial charges | 65 | €8,140 | €7,034 | -€1,106 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €21,455 | €23,738 | +€2,283 | +10.6% |
| Income taxes | 67/77 | €3,000 | €16,781 | +€13,781 | +459.4% |
| Profit (loss) for the period | 9904 | €18,455 | €6,957 | -€11,498 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,455 | €6,957 | -€11,498 | -62.3% |
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 9 October 2026 via checked.be.