P.G.H.e.Services: 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.H.e.Services
Largest movements
- Cash -€16,038
down €16,038 (-9.5%), from €168,358 to €152,320
mainly Advances received (-€15,246) and Tax, wage and social debts (-€11,082)
- Receivables within one year -€13,509
no longer reported in 2025 (was €13,509)
of which Trade receivables: -€12,600
- Tangible fixed assets -€2,937
no longer reported in 2025 (was €2,937)
of which Other tangible fixed assets: -€2,100
- Advances received -€15,246
no longer reported in 2025 (was €15,246)
- Tax, wage and social debts -€11,082
down €11,082 (-99.3%), from €11,163 to €81
- Profit (loss) carried forward -€9,799
new in 2025: -€9,799
- Other debts +€5,357
up €5,357 (+61.5%), from €8,717 to €14,073
- Trade debts -€2,259
down €2,259 (-99.3%), from €2,275 to €16
- Gross operating margin -€42,391
down €42,391, from €33,095 to -€9,297
- Taxes -€11,018
no longer reported in 2025 (was €11,018)
- Depreciation -€1,027
no longer reported in 2025 (was €1,027)
- Other operating charges -€475
down €475 (-50.9%), from €932 to €458
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 | €185,350 | €152,320 | -€33,029 | -17.8% |
| Fixed assets | 21/28 | €2,937 | - | -€2,937 | |
| Tangible fixed assets | 22/27 | €2,937 | - | -€2,937 | |
| Furniture and vehicles | 24 | €837 | - | -€837 | |
| Other tangible fixed assets | 26 | €2,100 | - | -€2,100 | |
| Current assets | 29/58 | €182,413 | €152,320 | -€30,092 | -16.5% |
| Amounts receivable within one year | 40/41 | €13,509 | - | -€13,509 | |
| Trade receivables | 40 | €12,600 | - | -€12,600 | |
| Other amounts receivable | 41 | €909 | - | -€909 | |
| Cash at bank and in hand | 54/58 | €168,358 | €152,320 | -€16,038 | -9.5% |
| Deferred charges and accrued income | 490/1 | €545 | - | -€545 | |
| Total equity and liabilities | 10/49 | €185,350 | €152,320 | -€33,029 | -17.8% |
| Equity | 10/15 | €147,949 | €138,150 | -€9,799 | -6.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €145,949 | €145,949 | = | 0.0% |
| Distributable reserves | 133 | €145,949 | €145,949 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,799 | -€9,799 | |
| Amounts payable | 17/49 | €37,401 | €14,171 | -€23,230 | -62.1% |
| Amounts payable within one year | 42/48 | €37,401 | €14,171 | -€23,230 | -62.1% |
| Trade debts | 44 | €2,275 | €16 | -€2,259 | -99.3% |
| Suppliers | 440/4 | €2,275 | €16 | -€2,259 | -99.3% |
| Advances received on contracts in progress | 46 | €15,246 | - | -€15,246 | |
| Taxes, remuneration and social security | 45 | €11,163 | €81 | -€11,082 | -99.3% |
| Taxes | 450/3 | €11,163 | €81 | -€11,082 | -99.3% |
| Other amounts payable | 47/48 | €8,717 | €14,073 | +€5,357 | +61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,027 | - | -€1,027 | |
| Other operating charges | 640/8 | €932 | €458 | -€475 | -50.9% |
| Gross operating margin | 9900 | €33,095 | -€9,297 | -€42,391 | |
| Operating profit (loss) | 9901 | €31,136 | -€9,755 | -€40,890 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €47 | €45 | -€2 | -4.0% |
| Recurring financial charges | 65 | €47 | €45 | -€2 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €31,089 | -€9,799 | -€40,888 | |
| Income taxes | 67/77 | €11,018 | - | -€11,018 | |
| Profit (loss) for the period | 9904 | €20,071 | -€9,799 | -€29,870 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,071 | -€9,799 | -€29,870 |
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 26 October 2026 via checked.be.