P.F & CO: what changed
What changed
P.F & CO
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€35,589
2024 · -€64,902+€100,492
Equity
€226,450
2024 · €225,861+€589
Cash
€67,464
2024 · €69,890-€2,426
Balance sheet total
€334,019
2024 · €265,031+€68,988
Largest movements
Assets
- Receivables within one year +€50,228
up €50,228 (+28.8%), from €174,658 to €224,887
of which Other amounts receivable: +€40,095
- Financial fixed assets +€8,800
up €8,800 (+1,100%), from €800 to €9,600
- Tangible fixed assets +€7,290
up €7,290 (+37.0%), from €19,683 to €26,973
of which Furniture and vehicles: +€4,114
- Deferred charges and accrued income +€5,096
up €5,096, from €0 to €5,096
Equity and liabilities
- Other debts +€35,000
new in 2025: €35,000
- Tax, wage and social debts +€31,055
up €31,055 (+79.4%), from €39,116 to €70,170
of which Taxes: +€27,295
Income statement
- Gross operating margin +€188,578
up €188,578 (+616%), from €30,631 to €219,209
- Taxes +€107,046
new in 2025: €107,046
- Staff costs -€13,917
down €13,917 (-18.0%), from €77,523 to €63,606
- Financial charges -€4,646
down €4,646 (-95.1%), from €4,887 to €242
- Financial income +€2,289
up €2,289 (+32.5%), from €7,042 to €9,330
of which Financial income: +€2,072
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€64,902
Gross operating margin
+€188,578
Staff costs
+€13,917
Depreciation
-€992
Other operating charges
-€899
Financial income
+€2,289
Financial charges
+€4,646
Taxes
-€107,046
Result 2025
€35,589
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€67,898
Investment
-€35,325
Financing
-€35,000
Cash 2024
€69,890
From operations (derived)
+€67,898
Net result for the year
+€35,589
Depreciation
+€19,234
Receivables within one year
-€50,228
Deferred charges and accrued income
-€5,096
Trade debts
+€2,399
Tax, wage and social debts
+€31,055
Other debts
+€35,000
Accrued charges and deferred income
-€55
Investment (derived)
-€35,325
Investment in fixed assets (net)
-€35,325
Financing
-€35,000
Contributions, distributions and other
-€35,000
Cash 2025
€67,464
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,031 | €334,019 | +€68,988 | +26.0% |
| Fixed assets | 21/28 | €20,483 | €36,573 | +€16,090 | +78.6% |
| Tangible fixed assets | 22/27 | €19,683 | €26,973 | +€7,290 | +37.0% |
| Plant, machinery and equipment | 23 | - | €3,176 | +€3,176 | |
| Furniture and vehicles | 24 | €19,683 | €23,797 | +€4,114 | +20.9% |
| Financial fixed assets | 28 | €800 | €9,600 | +€8,800 | +1,100% |
| Current assets | 29/58 | €244,548 | €297,446 | +€52,898 | +21.6% |
| Amounts receivable within one year | 40/41 | €174,658 | €224,887 | +€50,228 | +28.8% |
| Trade receivables | 40 | €28,535 | €38,668 | +€10,133 | +35.5% |
| Other amounts receivable | 41 | €146,123 | €186,218 | +€40,095 | +27.4% |
| Cash at bank and in hand | 54/58 | €69,890 | €67,464 | -€2,426 | -3.5% |
| Deferred charges and accrued income | 490/1 | €0 | €5,096 | +€5,096 | |
| Total equity and liabilities | 10/49 | €265,031 | €334,019 | +€68,988 | +26.0% |
| Equity | 10/15 | €225,861 | €226,450 | +€589 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €219,661 | €220,250 | +€589 | +0.3% |
| Amounts payable | 17/49 | €39,170 | €107,569 | +€68,399 | +175% |
| Amounts payable within one year | 42/48 | €39,116 | €107,569 | +€68,453 | +175% |
| Trade debts | 44 | - | €2,399 | +€2,399 | |
| Suppliers | 440/4 | €0 | €2,399 | +€2,399 | |
| Taxes, remuneration and social security | 45 | €39,116 | €70,170 | +€31,055 | +79.4% |
| Taxes | 450/3 | €39,064 | €66,359 | +€27,295 | +69.9% |
| Remuneration and social security | 454/9 | €52 | €3,811 | +€3,759 | +7,232% |
| Other amounts payable | 47/48 | - | €35,000 | +€35,000 | |
| Accrued charges and deferred income | 492/3 | €55 | - | -€55 | |
| Non-recurring operating income | 76A | - | €1,133 | +€1,133 | |
| Remuneration, social security and pensions | 62 | €77,523 | €63,606 | -€13,917 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,242 | €19,234 | +€992 | +5.4% |
| Other operating charges | 640/8 | €1,923 | €2,822 | +€899 | +46.7% |
| Gross operating margin | 9900 | €30,631 | €219,209 | +€188,578 | +616% |
| Operating profit (loss) | 9901 | -€67,057 | €133,547 | +€200,604 | |
| Financial income | 75/76B | €7,042 | €9,330 | +€2,289 | +32.5% |
| Recurring financial income | 75 | €7,042 | €9,114 | +€2,072 | +29.4% |
| Non-recurring financial income | 76B | - | €217 | +€217 | |
| Financial charges | 65/66B | €4,887 | €242 | -€4,646 | -95.1% |
| Recurring financial charges | 65 | €4,887 | €242 | -€4,646 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | -€64,902 | €142,636 | +€207,538 | |
| Income taxes | 67/77 | - | €107,046 | +€107,046 | |
| Profit (loss) for the period | 9904 | -€64,902 | €35,589 | +€100,492 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,902 | €35,589 | +€100,492 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.