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
- Cash -€70,382
down €70,382 (-27.5%), from €256,153 to €185,770
mainly Current investments (-€60,000) and Other debts (-€13,504)
- Current investments +€60,000
up €60,000 (+30.0%), from €200,000 to €260,000
- Receivables within one year -€6,105
down €6,105 (-41.3%), from €14,789 to €8,685
of which Other amounts receivable: -€6,125
- Other debts -€13,504
down €13,504 (-10.4%), from €129,265 to €115,761
- Gross operating margin -€16,414
down €16,414 (-97.9%), from €16,761 to €347
- Financial charges -€9,481
down €9,481 (-99.3%), from €9,544 to €63
- Staff costs -€2,400
down €2,400 (-100%), from €2,400 to €0
- Taxes -€1,611
down €1,611 (-100%), from €1,611 to €0
- Other operating charges +€790
up €790 (+158%), from €501 to €1,291
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 | €482,987 | €463,907 | -€19,080 | -4.0% |
| Current assets | 29/58 | €482,987 | €463,907 | -€19,080 | -4.0% |
| Stocks and contracts in progress | 3 | €11,732 | €9,124 | -€2,609 | -22.2% |
| Stocks | 30/36 | €11,732 | €9,124 | -€2,609 | -22.2% |
| Amounts receivable within one year | 40/41 | €14,789 | €8,685 | -€6,105 | -41.3% |
| Trade receivables | 40 | - | €20 | +€20 | |
| Other amounts receivable | 41 | €14,789 | €8,665 | -€6,125 | -41.4% |
| Current investments | 50/53 | €200,000 | €260,000 | +€60,000 | +30.0% |
| Cash at bank and in hand | 54/58 | €256,153 | €185,770 | -€70,382 | -27.5% |
| Deferred charges and accrued income | 490/1 | €313 | €328 | +€15 | +4.9% |
| Total equity and liabilities | 10/49 | €482,987 | €463,907 | -€19,080 | -4.0% |
| Equity | 10/15 | €332,972 | €332,067 | -€905 | -0.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €320,572 | €319,667 | -€905 | -0.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €318,713 | €317,808 | -€905 | -0.3% |
| Amounts payable | 17/49 | €150,015 | €131,840 | -€18,175 | -12.1% |
| Amounts payable within one year | 42/48 | €150,015 | €131,840 | -€18,175 | -12.1% |
| Trade debts | 44 | €18,134 | €16,079 | -€2,055 | -11.3% |
| Suppliers | 440/4 | €18,134 | €16,079 | -€2,055 | -11.3% |
| Taxes, remuneration and social security | 45 | €2,616 | €0 | -€2,616 | -100% |
| Taxes | 450/3 | €2,616 | €0 | -€2,616 | -100% |
| Other amounts payable | 47/48 | €129,265 | €115,761 | -€13,504 | -10.4% |
| Remuneration, social security and pensions | 62 | €2,400 | €0 | -€2,400 | -100% |
| Other operating charges | 640/8 | €501 | €1,291 | +€790 | +158% |
| Gross operating margin | 9900 | €16,761 | €347 | -€16,414 | -97.9% |
| Operating profit (loss) | 9901 | €13,859 | -€944 | -€14,804 | |
| Financial income | 75/76B | €0 | €102 | +€102 | |
| Recurring financial income | 75 | €0 | €102 | +€102 | |
| Financial charges | 65/66B | €9,544 | €63 | -€9,481 | -99.3% |
| Recurring financial charges | 65 | €9,544 | €63 | -€9,481 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | €4,316 | -€905 | -€5,221 | |
| Income taxes | 67/77 | €1,611 | €0 | -€1,611 | -100% |
| Profit (loss) for the period | 9904 | €2,705 | -€905 | -€3,610 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,705 | -€905 | -€3,610 |
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 24 October 2026 via checked.be.