P.G. CONSTRUCTION: 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.G. CONSTRUCTION
Largest movements
- Receivables within one year +€53,864
up €53,864 (+165.6%), from €32,532 to €86,396
of which Other amounts receivable: +€26,998
- Cash -€36,642
no longer reported in 2024 (was €36,642)
mainly Receivables within one year (-€53,864) and Tax, wage and social debts (-€12,796)
- Tangible fixed assets -€6,425
down €6,425 (-43.3%), from €14,855 to €8,430
- Trade debts +€30,434
up €30,434 (+1032.4%), from €2,948 to €33,382
- Tax, wage and social debts -€12,796
down €12,796 (-67.8%), from €18,877 to €6,082
of which Remuneration and social security: -€15,579
- Reserves -€6,677
down €6,677 (-10.9%), from €61,333 to €54,655
- Turnover -€120,827
no longer reported in 2024 (was €120,827)
- Gross operating margin -€48,319
down €48,319 (-55.2%), from €87,529 to €39,210
- Purchases and services -€33,298
no longer reported in 2024 (was €33,298)
- Staff costs -€14,250
down €14,250 (-28.3%), from €50,385 to €36,136
- Taxes -€1,807
down €1,807 (-36.5%), from €4,954 to €3,148
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,158 | €95,181 | +€11,024 | +13.1% |
| Fixed assets | 21/28 | €14,855 | €8,430 | -€6,425 | -43.3% |
| Tangible fixed assets | 22/27 | €14,855 | €8,430 | -€6,425 | -43.3% |
| Furniture and vehicles | 24 | €14,855 | €8,430 | -€6,425 | -43.3% |
| Current assets | 29/58 | €69,303 | €86,751 | +€17,449 | +25.2% |
| Amounts receivable within one year | 40/41 | €32,532 | €86,396 | +€53,864 | +165.6% |
| Trade receivables | 40 | €21,270 | €48,137 | +€26,866 | +126.3% |
| Other amounts receivable | 41 | €11,262 | €38,260 | +€26,998 | +239.7% |
| Cash at bank and in hand | 54/58 | €36,642 | - | -€36,642 | |
| Deferred charges and accrued income | 490/1 | €129 | €355 | +€226 | +175.5% |
| Total equity and liabilities | 10/49 | €84,158 | €95,181 | +€11,024 | +13.1% |
| Equity | 10/15 | €62,333 | €55,655 | -€6,677 | -10.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €61,333 | €54,655 | -€6,677 | -10.9% |
| Distributable reserves | 133 | €61,333 | €54,655 | -€6,677 | -10.9% |
| Amounts payable | 17/49 | €21,825 | €39,526 | +€17,701 | +81.1% |
| Amounts payable within one year | 42/48 | €21,825 | €39,526 | +€17,701 | +81.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €62 | +€62 | |
| Credit institutions | 430/8 | €0 | €62 | +€62 | |
| Trade debts | 44 | €2,948 | €33,382 | +€30,434 | +1032.4% |
| Suppliers | 440/4 | €2,948 | €33,382 | +€30,434 | +1032.4% |
| Taxes, remuneration and social security | 45 | €18,877 | €6,082 | -€12,796 | -67.8% |
| Taxes | 450/3 | €3,299 | €6,082 | +€2,783 | +84.4% |
| Remuneration and social security | 454/9 | €15,579 | - | -€15,579 | |
| Turnover | 70 | €120,827 | - | -€120,827 | |
| Goods, raw materials, services and sundry goods | 60/61 | €33,298 | - | -€33,298 | |
| Remuneration, social security and pensions | 62 | €50,385 | €36,136 | -€14,250 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,425 | €6,425 | = | 0.0% |
| Non-recurring operating charges | 66A | €1,011 | €236 | -€775 | -76.7% |
| Gross operating margin | 9900 | €87,529 | €39,210 | -€48,319 | -55.2% |
| Operating profit (loss) | 9901 | €29,707 | -€3,587 | -€33,294 | |
| Financial income | 75/76B | €80 | €1,168 | +€1,088 | +1354.9% |
| Recurring financial income | 75 | €80 | €1,168 | +€1,088 | +1354.9% |
| Financial charges | 65/66B | €260 | €1,111 | +€851 | +327.5% |
| Recurring financial charges | 65 | €260 | €511 | +€251 | +96.7% |
| Non-recurring financial charges | 66B | - | €600 | +€600 | |
| Profit (loss) for the period before taxes | 9903 | €29,528 | -€3,530 | -€33,057 | |
| Income taxes | 67/77 | €4,954 | €3,148 | -€1,807 | -36.5% |
| Profit (loss) for the period | 9904 | €24,574 | -€6,677 | -€31,251 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,574 | -€6,677 | -€31,251 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.