P.J. ENGINEERING: what changed
Two fiscal 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.J. ENGINEERING
Largest movements
- Cash -€85,632
down €85,632 (-50.4%), from €170,055 to €84,422
mainly Other debts (-€47,000) and Net result for the year (-€23,119)
- Financial fixed assets +€7,500
up €7,500 (+10.3%), from €72,950 to €80,450
- Tangible fixed assets -€5,883
down €5,883 (-11.1%), from €53,113 to €47,230
of which Land and buildings: -€4,162
- Other debts -€47,000
down €47,000 (-66.6%), from €70,601 to €23,601
- Profit (loss) carried forward -€19,619
new in 2025: -€19,619
- Tax, wage and social debts -€12,968
down €12,968 (-99.4%), from €13,047 to €79
- Reserves -€3,500
down €3,500 (-1.9%), from €188,414 to €184,914
- Gross operating margin -€66,217
down €66,217, from €51,189 to -€15,029
- Taxes -€9,998
down €9,998 (-98.0%), from €10,199 to €200
- Financial charges -€5,936
down €5,936 (-88.8%), from €6,684 to €749
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.
Cash bridge derived
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 | €312,930 | €230,259 | -€82,672 | -26.4% |
| Fixed assets | 21/28 | €126,063 | €127,680 | +€1,617 | +1.3% |
| Tangible fixed assets | 22/27 | €53,113 | €47,230 | -€5,883 | -11.1% |
| Land and buildings | 22 | €36,005 | €31,843 | -€4,162 | -11.6% |
| Plant, machinery and equipment | 23 | €16,892 | €15,386 | -€1,505 | -8.9% |
| Furniture and vehicles | 24 | €216 | €0 | -€216 | -100.0% |
| Financial fixed assets | 28 | €72,950 | €80,450 | +€7,500 | +10.3% |
| Current assets | 29/58 | €186,867 | €102,579 | -€84,288 | -45.1% |
| Amounts receivable within one year | 40/41 | €15,119 | €16,449 | +€1,330 | +8.8% |
| Trade receivables | 40 | €10,067 | €0 | -€10,067 | -100.0% |
| Other amounts receivable | 41 | €5,052 | €16,449 | +€11,397 | +225.6% |
| Cash at bank and in hand | 54/58 | €170,055 | €84,422 | -€85,632 | -50.4% |
| Deferred charges and accrued income | 490/1 | €1,693 | €1,707 | +€14 | +0.8% |
| Total equity and liabilities | 10/49 | €312,930 | €230,259 | -€82,672 | -26.4% |
| Equity | 10/15 | €207,014 | €183,896 | -€23,119 | -11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €188,414 | €184,914 | -€3,500 | -1.9% |
| Distributable reserves | 133 | €188,414 | €184,914 | -€3,500 | -1.9% |
| Profit (loss) carried forward | 14 | - | -€19,619 | -€19,619 | |
| Amounts payable | 17/49 | €105,916 | €46,363 | -€59,553 | -56.2% |
| Amounts payable within one year | 42/48 | €84,875 | €25,322 | -€59,553 | -70.2% |
| Trade debts | 44 | €1,227 | €1,641 | +€415 | +33.8% |
| Suppliers | 440/4 | €1,227 | €1,641 | +€415 | +33.8% |
| Taxes, remuneration and social security | 45 | €13,047 | €79 | -€12,968 | -99.4% |
| Taxes | 450/3 | €13,047 | €79 | -€12,968 | -99.4% |
| Other amounts payable | 47/48 | €70,601 | €23,601 | -€47,000 | -66.6% |
| Accrued charges and deferred income | 492/3 | €21,041 | €21,041 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,434 | €7,292 | -€142 | -1.9% |
| Other operating charges | 640/8 | €1,115 | €651 | -€464 | -41.6% |
| Gross operating margin | 9900 | €51,189 | -€15,029 | -€66,217 | |
| Operating profit (loss) | 9901 | €42,640 | -€22,972 | -€65,612 | |
| Financial income | 75/76B | €835 | €802 | -€33 | -4.0% |
| Recurring financial income | 75 | €835 | €802 | -€33 | -4.0% |
| Financial charges | 65/66B | €6,684 | €749 | -€5,936 | -88.8% |
| Recurring financial charges | 65 | €6,684 | €749 | -€5,936 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | €36,791 | -€22,919 | -€59,709 | |
| Income taxes | 67/77 | €10,199 | €200 | -€9,998 | -98.0% |
| Profit (loss) for the period | 9904 | €26,592 | -€23,119 | -€49,711 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,592 | -€23,119 | -€49,711 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.