PC BOUW: 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.
PC BOUW
Largest movements
- Stocks and contracts +€1.6m
up €1.6m (+419.5%), from €375,967 to €2.0m
- Cash +€488,574
up €488,574 (+3114.7%), from €15,686 to €504,260
mainly Advances received (+€1.6m) and Other debts (+€615,666)
- Receivables within one year +€173,847
up €173,847 (+274.3%), from €63,375 to €237,222
of which Trade receivables: +€155,738
- Advances received +€1.6m
new in 2025: €1.6m
- Other debts +€615,666
up €615,666 (+177.6%), from €346,737 to €962,403
- Trade debts +€228,106
up €228,106 (+383.4%), from €59,500 to €287,606
- Profit (loss) carried forward -€174,297
new in 2025: -€174,297
- Short-term financial debts -€51,770
down €51,770 (-100.0%), from €51,770 to €0
- Gross operating margin -€177,028
down €177,028, from €57,542 to -€119,486
- Depreciation +€3,546
up €3,546 (+22.1%), from €16,039 to €19,585
- Taxes -€3,458
down €3,458 (-84.6%), from €4,085 to €628
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 | €507,077 | €2,747,891 | +€2.2m | +441.9% |
| Fixed assets | 21/28 | €41,790 | €39,530 | -€2,260 | -5.4% |
| Tangible fixed assets | 22/27 | €39,055 | €36,795 | -€2,260 | -5.8% |
| Plant, machinery and equipment | 23 | €6,386 | €4,609 | -€1,777 | -27.8% |
| Furniture and vehicles | 24 | €10,474 | €21,571 | +€11,097 | +105.9% |
| Leasing and similar rights | 25 | €22,195 | €10,615 | -€11,580 | -52.2% |
| Financial fixed assets | 28 | €2,735 | €2,735 | = | 0.0% |
| Current assets | 29/58 | €465,287 | €2,708,361 | +€2.2m | +482.1% |
| Stocks and contracts in progress | 3 | €375,967 | €1,953,233 | +€1.6m | +419.5% |
| Contracts in progress | 37 | €375,967 | €1,953,233 | +€1.6m | +419.5% |
| Amounts receivable within one year | 40/41 | €63,375 | €237,222 | +€173,847 | +274.3% |
| Trade receivables | 40 | €60,648 | €216,386 | +€155,738 | +256.8% |
| Other amounts receivable | 41 | €2,726 | €20,835 | +€18,109 | +664.3% |
| Cash at bank and in hand | 54/58 | €15,686 | €504,260 | +€488,574 | +3114.7% |
| Deferred charges and accrued income | 490/1 | €10,260 | €13,647 | +€3,387 | +33.0% |
| Total equity and liabilities | 10/49 | €507,077 | €2,747,891 | +€2.2m | +441.9% |
| Equity | 10/15 | €11,366 | -€162,931 | -€174,297 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,366 | €6,366 | = | 0.0% |
| Distributable reserves | 133 | €6,366 | €6,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€174,297 | -€174,297 | |
| Amounts payable | 17/49 | €495,710 | €2,910,822 | +€2.4m | +487.2% |
| Amounts payable after more than one year | 17 | €10,786 | €0 | -€10,786 | -100.0% |
| Financial debts | 170/4 | €10,786 | €0 | -€10,786 | -100.0% |
| Amounts payable within one year | 42/48 | €484,924 | €2,903,030 | +€2.4m | +498.7% |
| Current portion of amounts payable after more than one year | 42 | €11,650 | €10,786 | -€863 | -7.4% |
| Financial debts | 43 | €51,770 | €0 | -€51,770 | -100.0% |
| Credit institutions | 430/8 | €51,770 | €0 | -€51,770 | -100.0% |
| Trade debts | 44 | €59,500 | €287,606 | +€228,106 | +383.4% |
| Suppliers | 440/4 | €59,500 | €287,606 | +€228,106 | +383.4% |
| Advances received on contracts in progress | 46 | - | €1,636,596 | +€1.6m | |
| Taxes, remuneration and social security | 45 | €15,267 | €5,639 | -€9,628 | -63.1% |
| Taxes | 450/3 | €15,267 | €1,427 | -€13,840 | -90.7% |
| Remuneration and social security | 454/9 | - | €4,212 | +€4,212 | |
| Other amounts payable | 47/48 | €346,737 | €962,403 | +€615,666 | +177.6% |
| Accrued charges and deferred income | 492/3 | €0 | €7,792 | +€7,792 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,039 | €19,585 | +€3,546 | +22.1% |
| Other operating charges | 640/8 | €3,772 | €4,797 | +€1,025 | +27.2% |
| Gross operating margin | 9900 | €57,542 | -€119,486 | -€177,028 | |
| Operating profit (loss) | 9901 | €37,731 | -€143,868 | -€181,599 | |
| Financial income | 75/76B | €948 | €701 | -€248 | -26.1% |
| Recurring financial income | 75 | €948 | €701 | -€248 | -26.1% |
| Financial charges | 65/66B | €29,612 | €30,502 | +€890 | +3.0% |
| Recurring financial charges | 65 | €29,612 | €30,502 | +€890 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €9,067 | -€173,669 | -€182,737 | |
| Income taxes | 67/77 | €4,085 | €628 | -€3,458 | -84.6% |
| Profit (loss) for the period | 9904 | €4,982 | -€174,297 | -€179,279 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,982 | -€174,297 | -€179,279 |
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 9 October 2026 via checked.be.