P.C.O. SERVICES: 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.O. SERVICES
Largest movements
- Receivables within one year +€34,984
up €34,984 (+27.4%), from €127,867 to €162,851
of which Other amounts receivable: +€25,413
- Tangible fixed assets -€4,526
down €4,526 (-53.3%), from €8,498 to €3,972
- Cash -€2,802
down €2,802 (-24.3%), from €11,535 to €8,734
mainly Receivables within one year (-€34,984) and Contributions, distributions and other (-€13,770)
- Reserves +€24,880
up €24,880 (+32.2%), from €77,230 to €102,110
of which Distributable reserves: +€24,880
- Other debts +€5,045
new in 2025: €5,045
- Trade debts -€2,490
down €2,490 (-77.9%), from €3,197 to €707
- Financial income +€1,196
up €1,196 (+20.4%), from €5,862 to €7,058
- Other operating charges -€621
down €621 (-47.1%), from €1,319 to €698
- Taxes +€615
up €615 (+2.9%), from €20,980 to €21,595
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 | €152,878 | €181,819 | +€28,941 | +18.9% |
| Fixed assets | 21/28 | €12,098 | €7,572 | -€4,526 | -37.4% |
| Tangible fixed assets | 22/27 | €8,498 | €3,972 | -€4,526 | -53.3% |
| Furniture and vehicles | 24 | €8,498 | €3,972 | -€4,526 | -53.3% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €140,780 | €174,247 | +€33,467 | +23.8% |
| Amounts receivable within one year | 40/41 | €127,867 | €162,851 | +€34,984 | +27.4% |
| Trade receivables | 40 | €10,902 | €20,473 | +€9,571 | +87.8% |
| Other amounts receivable | 41 | €116,965 | €142,378 | +€25,413 | +21.7% |
| Cash at bank and in hand | 54/58 | €11,535 | €8,734 | -€2,802 | -24.3% |
| Deferred charges and accrued income | 490/1 | €1,378 | €2,662 | +€1,285 | +93.2% |
| Total equity and liabilities | 10/49 | €152,878 | €181,819 | +€28,941 | +18.9% |
| Equity | 10/15 | €108,303 | €133,187 | +€24,884 | +23.0% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Reserves | 13 | €77,230 | €102,110 | +€24,880 | +32.2% |
| Non-distributable reserves | 130/1 | €25 | €25 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25 | €25 | = | 0.0% |
| Distributable reserves | 133 | €77,205 | €102,085 | +€24,880 | +32.2% |
| Profit (loss) carried forward | 14 | €30,823 | €30,827 | +€4 | 0.0% |
| Amounts payable | 17/49 | €44,575 | €48,632 | +€4,057 | +9.1% |
| Amounts payable within one year | 42/48 | €44,575 | €48,632 | +€4,057 | +9.1% |
| Trade debts | 44 | €3,197 | €707 | -€2,490 | -77.9% |
| Suppliers | 440/4 | €3,197 | €707 | -€2,490 | -77.9% |
| Taxes, remuneration and social security | 45 | €41,379 | €42,880 | +€1,502 | +3.6% |
| Taxes | 450/3 | €41,379 | €42,880 | +€1,502 | +3.6% |
| Other amounts payable | 47/48 | - | €5,045 | +€5,045 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,905 | €4,935 | +€29 | +0.6% |
| Other operating charges | 640/8 | €1,319 | €698 | -€621 | -47.1% |
| Gross operating margin | 9900 | €58,832 | €59,094 | +€262 | +0.4% |
| Operating profit (loss) | 9901 | €52,608 | €53,462 | +€854 | +1.6% |
| Financial income | 75/76B | €5,862 | €7,058 | +€1,196 | +20.4% |
| Recurring financial income | 75 | €5,862 | €7,058 | +€1,196 | +20.4% |
| Financial charges | 65/66B | €265 | €270 | +€6 | +2.1% |
| Recurring financial charges | 65 | €265 | €270 | +€6 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €58,205 | €60,249 | +€2,044 | +3.5% |
| Income taxes | 67/77 | €20,980 | €21,595 | +€615 | +2.9% |
| Profit (loss) for the period | 9904 | €37,225 | €38,654 | +€1,429 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,225 | €38,654 | +€1,429 | +3.8% |
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 19 October 2026 via checked.be.