P.F.C.: 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.F.C.
Largest movements
- Tangible fixed assets -€3,588
down €3,588 (-8.1%), from €44,531 to €40,943
- Trade debts -€2,692
no longer reported in 2026 (was €2,692)
- Profit (loss) carried forward -€1,069
down €1,069 (-3.7%), from -€28,995 to -€30,064
- Gross operating margin -€4,634
down €4,634 (-49.4%), from €9,373 to €4,739
- Financial charges -€184
down €184 (-61.7%), from €298 to €114
- Other operating charges +€180
up €180 (+11.0%), from €1,642 to €1,822
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,531 | €40,943 | -€3,588 | -8.1% |
| Fixed assets | 21/28 | €44,531 | €40,943 | -€3,588 | -8.1% |
| Tangible fixed assets | 22/27 | €44,531 | €40,943 | -€3,588 | -8.1% |
| Land and buildings | 22 | €44,531 | €40,943 | -€3,588 | -8.1% |
| Current assets | 29/58 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €44,531 | €40,943 | -€3,588 | -8.1% |
| Equity | 10/15 | - | -€4,423 | -€4,423 | |
| Contributions | 10/11 | €19,088 | €19,088 | = | 0.0% |
| Reserves | 13 | €6,553 | €6,553 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,909 | €1,909 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,909 | €1,909 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,644 | €4,644 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,995 | -€30,064 | -€1,069 | -3.7% |
| Amounts payable | 17/49 | €47,885 | €45,366 | -€2,519 | -5.3% |
| Amounts payable after more than one year | 17 | €18,045 | €18,045 | = | 0.0% |
| Financial debts | 170/4 | €18,045 | €18,045 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,840 | €27,321 | -€2,519 | -8.4% |
| Trade debts | 44 | €2,692 | - | -€2,692 | |
| Suppliers | 440/4 | €2,692 | - | -€2,692 | |
| Other amounts payable | 47/48 | €27,148 | €27,321 | +€173 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,588 | €3,588 | = | 0.0% |
| Other operating charges | 640/8 | €1,642 | €1,822 | +€180 | +11.0% |
| Non-recurring operating charges | 66A | - | €284 | +€284 | |
| Gross operating margin | 9900 | €9,373 | €4,739 | -€4,634 | -49.4% |
| Operating profit (loss) | 9901 | €4,143 | -€955 | -€5,098 | |
| Financial charges | 65/66B | €298 | €114 | -€184 | -61.7% |
| Recurring financial charges | 65 | €298 | €114 | -€184 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €3,845 | -€1,069 | -€4,914 | |
| Profit (loss) for the period | 9904 | €3,845 | -€1,069 | -€4,914 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,845 | -€1,069 | -€4,914 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.