P.C.T.N.: 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.T.N.
Largest movements
- Financial fixed assets -€17,900
down €17,900 (-20.0%), from €89,500 to €71,600
- Cash +€11,843
up €11,843 (+7.6%), from €155,021 to €166,864
mainly Investment in fixed assets (net) (+€17,900) and Receivables within one year (+€10,161)
- Receivables within one year -€10,161
down €10,161 (-94.6%), from €10,743 to €582
of which Other amounts receivable: -€8,528
- Tangible fixed assets -€5,811
down €5,811 (-8.3%), from €70,417 to €64,607
of which Land and buildings: -€3,112
- Profit (loss) carried forward -€13,062
down €13,062 (-7.5%), from €175,093 to €162,031
- Debts after one year -€7,955
down €7,955 (-72.8%), from €10,934 to €2,979
- Gross operating margin -€49,497
down €49,497 (-85.7%), from €57,728 to €8,231
- Financial income -€17,911
down €17,911 (-82.7%), from €21,652 to €3,742
of which Non-recurring financial income: -€15,750
- Taxes -€11,991
down €11,991 (-98.7%), from €12,153 to €162
- Depreciation -€8,052
down €8,052 (-58.1%), from €13,863 to €5,811
- Financial charges -€667
down €667 (-43.8%), from €1,521 to €854
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 | €326,811 | €304,457 | -€22,354 | -6.8% |
| Fixed assets | 21/28 | €159,917 | €136,207 | -€23,711 | -14.8% |
| Tangible fixed assets | 22/27 | €70,417 | €64,607 | -€5,811 | -8.3% |
| Land and buildings | 22 | €66,711 | €63,599 | -€3,112 | -4.7% |
| Plant, machinery and equipment | 23 | €3,573 | €962 | -€2,611 | -73.1% |
| Furniture and vehicles | 24 | €134 | €46 | -€87 | -65.3% |
| Financial fixed assets | 28 | €89,500 | €71,600 | -€17,900 | -20.0% |
| Current assets | 29/58 | €166,894 | €168,250 | +€1,356 | +0.8% |
| Amounts receivable within one year | 40/41 | €10,743 | €582 | -€10,161 | -94.6% |
| Trade receivables | 40 | €1,634 | - | -€1,634 | |
| Other amounts receivable | 41 | €9,110 | €582 | -€8,528 | -93.6% |
| Cash at bank and in hand | 54/58 | €155,021 | €166,864 | +€11,843 | +7.6% |
| Deferred charges and accrued income | 490/1 | €1,130 | €805 | -€325 | -28.8% |
| Total equity and liabilities | 10/49 | €326,811 | €304,457 | -€22,354 | -6.8% |
| Equity | 10/15 | €304,593 | €291,531 | -€13,062 | -4.3% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €64,500 | €64,500 | = | 0.0% |
| Distributable reserves | 133 | €64,500 | €64,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,093 | €162,031 | -€13,062 | -7.5% |
| Amounts payable | 17/49 | €22,218 | €12,926 | -€9,293 | -41.8% |
| Amounts payable after more than one year | 17 | €10,934 | €2,979 | -€7,955 | -72.8% |
| Financial debts | 170/4 | €10,934 | €2,979 | -€7,955 | -72.8% |
| Amounts payable within one year | 42/48 | €11,284 | €9,947 | -€1,337 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €8,265 | €8,662 | +€397 | +4.8% |
| Trade debts | 44 | €1,493 | €171 | -€1,322 | -88.5% |
| Suppliers | 440/4 | €1,493 | €171 | -€1,322 | -88.5% |
| Other amounts payable | 47/48 | €1,526 | €1,114 | -€412 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,863 | €5,811 | -€8,052 | -58.1% |
| Other operating charges | 640/8 | €1,225 | €1,208 | -€17 | -1.4% |
| Gross operating margin | 9900 | €57,728 | €8,231 | -€49,497 | -85.7% |
| Operating profit (loss) | 9901 | €42,640 | €1,213 | -€41,427 | -97.2% |
| Financial income | 75/76B | €21,652 | €3,742 | -€17,911 | -82.7% |
| Recurring financial income | 75 | €3,802 | €1,642 | -€2,161 | -56.8% |
| Non-recurring financial income | 76B | €17,850 | €2,100 | -€15,750 | -88.2% |
| Financial charges | 65/66B | €1,521 | €854 | -€667 | -43.8% |
| Recurring financial charges | 65 | €1,521 | €854 | -€667 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €62,772 | €4,100 | -€58,671 | -93.5% |
| Income taxes | 67/77 | €12,153 | €162 | -€11,991 | -98.7% |
| Profit (loss) for the period | 9904 | €50,618 | €3,938 | -€46,680 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,618 | €3,938 | -€46,680 | -92.2% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.