P.C.D.: 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.D.
Largest movements
- Cash +€64,237
up €64,237 (+242.3%), from €26,514 to €90,751
mainly Receivables within one year (+€47,027) and Net result for the year (+€22,087)
- Receivables within one year -€47,027
down €47,027 (-61.4%), from €76,606 to €29,578
of which Trade receivables: -€44,938
- Deferred charges and accrued income -€3,409
down €3,409 (-100.0%), from €3,409 to €0
- Reserves +€22,087
up €22,087 (+133.9%), from €16,492 to €38,579
- Trade debts -€19,953
down €19,953 (-86.1%), from €23,175 to €3,222
- Other debts +€19,086
up €19,086 (+191.4%), from €9,970 to €29,056
- Tax, wage and social debts -€7,930
down €7,930 (-15.3%), from €51,891 to €43,961
of which Taxes: -€16,085
- Gross operating margin +€7,477
up €7,477 (+32.1%), from €23,313 to €30,790
- Financial charges +€844
up €844 (+333.5%), from €253 to €1,097
- Taxes +€822
up €822 (+13.8%), from €5,966 to €6,789
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 | €106,528 | €120,329 | +€13,802 | +13.0% |
| Current assets | 29/58 | €106,528 | €120,329 | +€13,802 | +13.0% |
| Amounts receivable within one year | 40/41 | €76,606 | €29,578 | -€47,027 | -61.4% |
| Trade receivables | 40 | €74,305 | €29,367 | -€44,938 | -60.5% |
| Other amounts receivable | 41 | €2,301 | €211 | -€2,089 | -90.8% |
| Cash at bank and in hand | 54/58 | €26,514 | €90,751 | +€64,237 | +242.3% |
| Deferred charges and accrued income | 490/1 | €3,409 | €0 | -€3,409 | -100.0% |
| Total equity and liabilities | 10/49 | €106,528 | €120,329 | +€13,802 | +13.0% |
| Equity | 10/15 | €21,492 | €43,579 | +€22,087 | +102.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,492 | €38,579 | +€22,087 | +133.9% |
| Distributable reserves | 133 | €16,492 | €38,579 | +€22,087 | +133.9% |
| Amounts payable | 17/49 | €85,036 | €76,750 | -€8,286 | -9.7% |
| Amounts payable within one year | 42/48 | €85,036 | €76,239 | -€8,797 | -10.3% |
| Trade debts | 44 | €23,175 | €3,222 | -€19,953 | -86.1% |
| Suppliers | 440/4 | €23,175 | €3,222 | -€19,953 | -86.1% |
| Taxes, remuneration and social security | 45 | €51,891 | €43,961 | -€7,930 | -15.3% |
| Taxes | 450/3 | €28,511 | €12,426 | -€16,085 | -56.4% |
| Remuneration and social security | 454/9 | €23,380 | €31,535 | +€8,156 | +34.9% |
| Other amounts payable | 47/48 | €9,970 | €29,056 | +€19,086 | +191.4% |
| Accrued charges and deferred income | 492/3 | - | €511 | +€511 | |
| Other operating charges | 640/8 | €601 | €857 | +€255 | +42.5% |
| Gross operating margin | 9900 | €23,313 | €30,790 | +€7,477 | +32.1% |
| Operating profit (loss) | 9901 | €22,711 | €29,933 | +€7,222 | +31.8% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €253 | €1,097 | +€844 | +333.5% |
| Recurring financial charges | 65 | €253 | €1,097 | +€844 | +333.5% |
| Profit (loss) for the period before taxes | 9903 | €22,458 | €28,876 | +€6,418 | +28.6% |
| Income taxes | 67/77 | €5,966 | €6,789 | +€822 | +13.8% |
| Profit (loss) for the period | 9904 | €16,492 | €22,087 | +€5,595 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,492 | €22,087 | +€5,595 | +33.9% |
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 6 October 2026 via checked.be.