Andreas PGK: 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.
Andreas PGK
Largest movements
- Intangible fixed assets -€10,500
down €10,500 (-19.2%), from €54,726 to €44,226
- Cash +€4,748
up €4,748 (+241.8%), from €1,963 to €6,711
mainly Other debts (+€21,606) and Net result for the year (+€13,219)
- Other debts +€21,606
up €21,606 (+2593.8%), from €833 to €22,439
- Debts after one year -€15,567
down €15,567 (-79.9%), from €19,492 to €3,925
- Profit (loss) carried forward -€9,220
down €9,220 (-26.4%), from €34,978 to €25,758
- Tax, wage and social debts -€3,799
down €3,799 (-100.0%), from €3,799 to €0
- Gross operating margin +€9,701
up €9,701 (+51.8%), from €18,723 to €28,424
- Taxes +€2,329
up €2,329 (+105.7%), from €2,203 to €4,532
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 | €79,051 | €72,035 | -€7,016 | -8.9% |
| Fixed assets | 21/28 | €54,726 | €44,226 | -€10,500 | -19.2% |
| Intangible fixed assets | 21 | €54,726 | €44,226 | -€10,500 | -19.2% |
| Current assets | 29/58 | €24,324 | €27,808 | +€3,484 | +14.3% |
| Amounts receivable within one year | 40/41 | €18,680 | €18,118 | -€562 | -3.0% |
| Other amounts receivable | 41 | €18,680 | €18,118 | -€562 | -3.0% |
| Cash at bank and in hand | 54/58 | €1,963 | €6,711 | +€4,748 | +241.8% |
| Deferred charges and accrued income | 490/1 | €3,682 | €2,979 | -€702 | -19.1% |
| Total equity and liabilities | 10/49 | €79,051 | €72,035 | -€7,016 | -8.9% |
| Equity | 10/15 | €38,978 | €29,758 | -€9,220 | -23.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,978 | €25,758 | -€9,220 | -26.4% |
| Amounts payable | 17/49 | €40,073 | €42,277 | +€2,204 | +5.5% |
| Amounts payable after more than one year | 17 | €19,492 | €3,925 | -€15,567 | -79.9% |
| Financial debts | 170/4 | €19,492 | €3,925 | -€15,567 | -79.9% |
| Amounts payable within one year | 42/48 | €20,581 | €38,352 | +€17,771 | +86.3% |
| Current portion of amounts payable after more than one year | 42 | €15,356 | €15,567 | +€211 | +1.4% |
| Trade debts | 44 | €593 | €346 | -€247 | -41.7% |
| Suppliers | 440/4 | €593 | €346 | -€247 | -41.7% |
| Taxes, remuneration and social security | 45 | €3,799 | €0 | -€3,799 | -100.0% |
| Taxes | 450/3 | €3,799 | €0 | -€3,799 | -100.0% |
| Other amounts payable | 47/48 | €833 | €22,439 | +€21,606 | +2593.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,500 | €10,500 | = | 0.0% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €18,723 | €28,424 | +€9,701 | +51.8% |
| Operating profit (loss) | 9901 | €8,159 | €17,858 | +€9,699 | +118.9% |
| Financial income | 75/76B | €1,216 | €1,023 | -€193 | -15.9% |
| Recurring financial income | 75 | €1,216 | €1,023 | -€193 | -15.9% |
| Financial charges | 65/66B | €1,315 | €1,130 | -€186 | -14.1% |
| Recurring financial charges | 65 | €1,315 | €1,130 | -€186 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €8,059 | €17,751 | +€9,692 | +120.3% |
| Income taxes | 67/77 | €2,203 | €4,532 | +€2,329 | +105.7% |
| Profit (loss) for the period | 9904 | €5,856 | €13,219 | +€7,363 | +125.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,856 | €13,219 | +€7,363 | +125.7% |
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 4 October 2026 via checked.be.