P.C.A.: 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.
P.C.A.
Largest movements
- Receivables within one year +€29,738
up €29,738 (+374.0%), from €7,950 to €37,688
of which Trade receivables: +€32,536
- Cash -€12,583
down €12,583 (-90.0%), from €13,976 to €1,394
mainly Receivables within one year (-€29,738) and Current portion of long-term debt (-€18,944)
- Tangible fixed assets +€6,048
up €6,048 (+216.2%), from €2,798 to €8,845
of which Plant, machinery and equipment: +€4,585
- Deferred charges and accrued income +€661
up €661 (+12.6%), from €5,234 to €5,895
- Profit (loss) carried forward +€30,231
up €30,231 (+45.2%), from -€66,953 to -€36,723
- Trade debts +€20,238
up €20,238 (+92.8%), from €21,810 to €42,049
- Current portion of long-term debt -€18,944
down €18,944 (-77.3%), from €24,500 to €5,556
- Tax, wage and social debts -€4,505
down €4,505 (-16.4%), from €27,483 to €22,978
of which Remuneration and social security: -€6,543
- Debts after one year -€3,547
down €3,547 (-43.8%), from €8,102 to €4,555
of which Financial debts: -€5,547
- Gross operating margin +€23,263
up €23,263 (+19.0%), from €122,378 to €145,642
- Staff costs -€8,618
down €8,618 (-7.3%), from €118,358 to €109,740
- Other operating charges -€4,952
down €4,952 (-75.7%), from €6,542 to €1,590
- Financial charges -€2,959
down €2,959 (-47.2%), from €6,269 to €3,310
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,917 | €55,781 | +€23,864 | +74.8% |
| Fixed assets | 21/28 | €3,318 | €9,365 | +€6,048 | +182.3% |
| Tangible fixed assets | 22/27 | €2,798 | €8,845 | +€6,048 | +216.2% |
| Plant, machinery and equipment | 23 | €0 | €4,585 | +€4,585 | |
| Furniture and vehicles | 24 | €190 | €2,297 | +€2,107 | +1110.0% |
| Other tangible fixed assets | 26 | €2,608 | €1,964 | -€644 | -24.7% |
| Financial fixed assets | 28 | €520 | €520 | = | 0.0% |
| Current assets | 29/58 | €28,599 | €46,416 | +€17,817 | +62.3% |
| Stocks and contracts in progress | 3 | €1,439 | €1,439 | = | 0.0% |
| Stocks | 30/36 | €1,439 | €1,439 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,950 | €37,688 | +€29,738 | +374.0% |
| Trade receivables | 40 | €3,881 | €36,417 | +€32,536 | +838.3% |
| Other amounts receivable | 41 | €4,069 | €1,271 | -€2,798 | -68.8% |
| Cash at bank and in hand | 54/58 | €13,976 | €1,394 | -€12,583 | -90.0% |
| Deferred charges and accrued income | 490/1 | €5,234 | €5,895 | +€661 | +12.6% |
| Total equity and liabilities | 10/49 | €31,917 | €55,781 | +€23,864 | +74.8% |
| Equity | 10/15 | -€50,594 | -€20,364 | +€30,231 | +59.8% |
| Contributions | 10/11 | €14,500 | €14,500 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,953 | -€36,723 | +€30,231 | +45.2% |
| Amounts payable | 17/49 | €82,511 | €76,145 | -€6,366 | -7.7% |
| Amounts payable after more than one year | 17 | €8,102 | €4,555 | -€3,547 | -43.8% |
| Financial debts | 170/4 | €5,547 | - | -€5,547 | |
| Other amounts payable | 178/9 | €2,555 | €4,555 | +€2,000 | +78.3% |
| Amounts payable within one year | 42/48 | €74,410 | €71,590 | -€2,820 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €24,500 | €5,556 | -€18,944 | -77.3% |
| Trade debts | 44 | €21,810 | €42,049 | +€20,238 | +92.8% |
| Suppliers | 440/4 | €21,810 | €42,049 | +€20,238 | +92.8% |
| Advances received on contracts in progress | 46 | €168 | €168 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €27,483 | €22,978 | -€4,505 | -16.4% |
| Taxes | 450/3 | €4,539 | €6,578 | +€2,038 | +44.9% |
| Remuneration and social security | 454/9 | €22,944 | €16,400 | -€6,543 | -28.5% |
| Other amounts payable | 47/48 | €448 | €839 | +€391 | +87.3% |
| Non-recurring operating income | 76A | €6,013 | - | -€6,013 | |
| Remuneration, social security and pensions | 62 | €118,358 | €109,740 | -€8,618 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €802 | €1,207 | +€405 | +50.5% |
| Other operating charges | 640/8 | €6,542 | €1,590 | -€4,952 | -75.7% |
| Gross operating margin | 9900 | €122,378 | €145,642 | +€23,263 | +19.0% |
| Operating profit (loss) | 9901 | -€3,324 | €33,104 | +€36,428 | |
| Financial income | 75/76B | €574 | €437 | -€137 | -23.8% |
| Recurring financial income | 75 | €574 | €437 | -€137 | -23.8% |
| Financial charges | 65/66B | €6,269 | €3,310 | -€2,959 | -47.2% |
| Recurring financial charges | 65 | €6,269 | €3,310 | -€2,959 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,020 | €30,231 | +€39,250 | |
| Income taxes | 67/77 | €89 | - | -€89 | |
| Profit (loss) for the period | 9904 | -€9,109 | €30,231 | +€39,339 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,109 | €30,231 | +€39,339 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.