P.C. Esthetic: 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.
P.C. Esthetic
Largest movements
- Tangible fixed assets -€25,087
down €25,087 (-3.6%), from €705,534 to €680,447
of which Land and buildings: -€22,813
- Cash -€22,676
down €22,676 (-20.0%), from €113,554 to €90,878
mainly Contributions, distributions and other (-€71,000) and Debts after one year (-€50,353)
- Debts after one year -€50,353
down €50,353 (-15.2%), from €332,211 to €281,858
- Gross operating margin -€46,462
down €46,462 (-25.8%), from €180,105 to €133,642
- Taxes -€10,931
down €10,931 (-30.6%), from €35,690 to €24,759
- Financial charges -€1,813
down €1,813 (-19.4%), from €9,344 to €7,531
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 | €879,364 | €835,019 | -€44,344 | -5.0% |
| Fixed assets | 21/28 | €708,485 | €682,361 | -€26,123 | -3.7% |
| Intangible fixed assets | 21 | €2,950 | €1,914 | -€1,036 | -35.1% |
| Tangible fixed assets | 22/27 | €705,534 | €680,447 | -€25,087 | -3.6% |
| Land and buildings | 22 | €698,919 | €676,106 | -€22,813 | -3.3% |
| Plant, machinery and equipment | 23 | €580 | €43 | -€537 | -92.6% |
| Furniture and vehicles | 24 | €3,535 | €1,798 | -€1,737 | -49.1% |
| Other tangible fixed assets | 26 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €170,879 | €152,658 | -€18,221 | -10.7% |
| Amounts receivable within one year | 40/41 | €55,211 | €59,644 | +€4,433 | +8.0% |
| Trade receivables | 40 | €45,897 | €49,400 | +€3,503 | +7.6% |
| Other amounts receivable | 41 | €9,314 | €10,244 | +€930 | +10.0% |
| Cash at bank and in hand | 54/58 | €113,554 | €90,878 | -€22,676 | -20.0% |
| Deferred charges and accrued income | 490/1 | €2,115 | €2,136 | +€21 | +1.0% |
| Total equity and liabilities | 10/49 | €879,364 | €835,019 | -€44,344 | -5.0% |
| Equity | 10/15 | €383,087 | €385,568 | +€2,482 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €364,487 | €366,968 | +€2,482 | +0.7% |
| Distributable reserves | 133 | €364,487 | €366,968 | +€2,482 | +0.7% |
| Amounts payable | 17/49 | €496,277 | €449,451 | -€46,826 | -9.4% |
| Amounts payable after more than one year | 17 | €332,211 | €281,858 | -€50,353 | -15.2% |
| Financial debts | 170/4 | €332,211 | €281,858 | -€50,353 | -15.2% |
| Amounts payable within one year | 42/48 | €161,132 | €167,119 | +€5,987 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €49,594 | €50,353 | +€759 | +1.5% |
| Trade debts | 44 | €8,395 | €8,223 | -€172 | -2.0% |
| Suppliers | 440/4 | €8,395 | €8,223 | -€172 | -2.0% |
| Taxes, remuneration and social security | 45 | €12,509 | €15,096 | +€2,587 | +20.7% |
| Taxes | 450/3 | €12,509 | €15,096 | +€2,587 | +20.7% |
| Other amounts payable | 47/48 | €90,634 | €93,447 | +€2,813 | +3.1% |
| Accrued charges and deferred income | 492/3 | €2,935 | €475 | -€2,460 | -83.8% |
| Non-recurring operating income | 76A | - | €1,650 | +€1,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,379 | €26,123 | -€256 | -1.0% |
| Other operating charges | 640/8 | €1,704 | €1,758 | +€54 | +3.2% |
| Gross operating margin | 9900 | €180,105 | €133,642 | -€46,462 | -25.8% |
| Operating profit (loss) | 9901 | €152,021 | €105,761 | -€46,260 | -30.4% |
| Financial income | 75/76B | €38 | €11 | -€27 | -71.2% |
| Recurring financial income | 75 | €38 | €11 | -€27 | -71.2% |
| Financial charges | 65/66B | €9,344 | €7,531 | -€1,813 | -19.4% |
| Recurring financial charges | 65 | €9,344 | €7,531 | -€1,813 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €142,715 | €98,241 | -€44,474 | -31.2% |
| Income taxes | 67/77 | €35,690 | €24,759 | -€10,931 | -30.6% |
| Profit (loss) for the period | 9904 | €107,025 | €73,482 | -€33,543 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €107,025 | €73,482 | -€33,543 | -31.3% |
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 21 October 2026 via checked.be.