PC Brussels: 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.
What changed
PC Brussels
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€152,475
2024 · €1.4m-€1.6m
Equity
€8.3m
2024 · €8.4m-€152,475
Cash
€4.1m
2024 · €7.1m-€3.1m
Balance sheet total
€36.9m
2024 · €35.1m+€1.8m
Largest movements
Assets
- Cash -€3.1m
down €3.1m (-42.9%), from €7.1m to €4.1m
mainly Debts after one year (-€4.0m) and Receivables within one year (-€2.5m)
- Receivables within one year +€2.5m
up €2.5m (+21.9%), from €11.5m to €14.0m
of which Trade receivables: +€1.8m
- Stocks and contracts +€1.1m
up €1.1m (+8.0%), from €14.2m to €15.4m
- Intangible fixed assets +€469,017
up €469,017 (+1,664%), from €28,187 to €497,204
- Tangible fixed assets +€467,624
up €467,624 (+21.7%), from €2.2m to €2.6m
of which Assets under construction and advance payments: +€482,187
Equity and liabilities
- Debts after one year -€4.0m
down €4.0m (-39.2%), from €10.2m to €6.2m
- Short-term financial debts +€3.0m
up €3.0m (+81.3%), from €3.7m to €6.7m
- Advances received +€2.5m
up €2.5m (+57.3%), from €4.3m to €6.8m
- Trade debts +€718,943
up €718,943 (+13.8%), from €5.2m to €5.9m
- Provisions -€587,057
no longer reported in 2025 (was €587,057)
Income statement
- Turnover -€15.7m
down €15.7m (-12.0%), from €130.4m to €114.7m
- Goods and materials -€13.5m
down €13.5m (-12.0%), from €113.1m to €99.6m
of which Purchases: -€8.6m
- Services and other goods +€2.4m
up €2.4m (+30.7%), from €7.9m to €10.3m
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.
Result 2024
€1.4m
Turnover
-€15.7m
Other operating income
+€1.0m
Goods and materials
+€13.5m
Services and other goods
-€2.4m
Staff costs
+€510,388
Depreciation
-€111,840
Write-downs
+€607,949
Provisions
+€670,194
Other operating charges
-€80,290
Other operating items
+€83,901
Financial income
-€10,413
Financial charges
-€494,142
Taxes
+€825,853
Result 2025
-€152,475
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€631,412
Investment
-€1.4m
Financing
-€1.0m
Cash 2024
€7.1m
From operations (derived)
-€631,412
Net result for the year
-€152,475
Depreciation
+€484,329
Stocks and contracts
-€1.1m
Receivables within one year
-€2.5m
Deferred charges and accrued income
-€231,121
Provisions
-€587,057
Trade debts
+€718,943
Tax, wage and social debts
+€104,074
Advances received
+€2.5m
Other debts
+€155,802
Accrued charges and deferred income
+€45,969
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
-€1.0m
Debts after one year
-€4.0m
Short-term financial debts
+€3.0m
Contributions, distributions and other
+€0
Cash 2025
€4.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,114,104 | €36,869,090 | +€1.8m | +5.0% |
| Fixed assets | 21/28 | €2,210,550 | €3,133,865 | +€923,315 | +41.8% |
| Intangible fixed assets | 21 | €28,187 | €497,204 | +€469,017 | +1,664% |
| Tangible fixed assets | 22/27 | €2,150,496 | €2,618,120 | +€467,624 | +21.7% |
| Land and buildings | 22 | €427,731 | €369,755 | -€57,976 | -13.6% |
| Plant, machinery and equipment | 23 | €655,508 | €805,145 | +€149,637 | +22.8% |
| Furniture and vehicles | 24 | €277,790 | €256,971 | -€20,819 | -7.5% |
| Other tangible fixed assets | 26 | €423,252 | €337,847 | -€85,405 | -20.2% |
| Assets under construction and advance payments | 27 | €366,215 | €848,402 | +€482,187 | +132% |
| Financial fixed assets | 28 | €31,868 | €18,541 | -€13,327 | -41.8% |
| Other financial fixed assets | 284/8 | €31,868 | €18,541 | -€13,327 | -41.8% |
| Amounts receivable and cash guarantees | 285/8 | €31,868 | €18,541 | -€13,327 | -41.8% |
| Current assets | 29/58 | €32,903,554 | €33,735,225 | +€831,671 | +2.5% |
| Stocks and contracts in progress | 3 | €14,222,957 | €15,355,429 | +€1.1m | +8.0% |
| Stocks | 30/36 | €14,222,957 | €15,355,429 | +€1.1m | +8.0% |
| Goods purchased for resale | 34 | €14,222,957 | €15,355,429 | +€1.1m | +8.0% |
| Amounts receivable within one year | 40/41 | €11,516,196 | €14,034,550 | +€2.5m | +21.9% |
| Trade receivables | 40 | €11,372,918 | €13,164,355 | +€1.8m | +15.8% |
| Other amounts receivable | 41 | €143,278 | €870,195 | +€726,917 | +507% |
| Cash at bank and in hand | 54/58 | €7,108,287 | €4,058,010 | -€3.1m | -42.9% |
| Deferred charges and accrued income | 490/1 | €56,115 | €287,236 | +€231,121 | +412% |
| Total equity and liabilities | 10/49 | €35,114,104 | €36,869,090 | +€1.8m | +5.0% |
| Equity | 10/15 | €8,449,028 | €8,296,553 | -€152,475 | -1.8% |
| Contributions | 10/11 | €8,269,448 | €8,269,449 | +€1 | 0.0% |
| Capital | 10 | €8,269,448 | €8,269,449 | +€1 | 0.0% |
| Issued capital | 100 | €8,269,448 | €8,269,449 | +€1 | 0.0% |
| Reserves | 13 | €162,879 | €162,879 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €162,879 | €162,879 | +€0 | 0.0% |
| Legal reserve | 130 | €162,879 | €162,879 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €16,700 | -€135,775 | -€152,475 | |
| Provisions and deferred taxes | 16 | €587,057 | - | -€587,057 | |
| Provisions for liabilities and charges | 160/5 | €587,057 | - | -€587,057 | |
| Other liabilities and charges | 164/5 | €587,057 | - | -€587,057 | |
| Amounts payable | 17/49 | €26,078,019 | €28,572,537 | +€2.5m | +9.6% |
| Amounts payable after more than one year | 17 | €10,200,000 | €6,200,000 | -€4.0m | -39.2% |
| Financial debts | 170/4 | €10,200,000 | €6,200,000 | -€4.0m | -39.2% |
| Other loans | 174 | €10,200,000 | €6,200,000 | -€4.0m | -39.2% |
| Amounts payable within one year | 42/48 | €15,691,871 | €22,140,420 | +€6.4m | +41.1% |
| Financial debts | 43 | €3,677,421 | €6,666,200 | +€3.0m | +81.3% |
| Other loans | 439 | €3,677,421 | €6,666,200 | +€3.0m | +81.3% |
| Trade debts | 44 | €5,219,619 | €5,938,562 | +€718,943 | +13.8% |
| Suppliers | 440/4 | €5,219,619 | €5,938,562 | +€718,943 | +13.8% |
| Advances received on contracts in progress | 46 | €4,326,427 | €6,807,379 | +€2.5m | +57.3% |
| Taxes, remuneration and social security | 45 | €2,299,205 | €2,403,279 | +€104,074 | +4.5% |
| Taxes | 450/3 | €1,163,939 | €1,421,166 | +€257,227 | +22.1% |
| Remuneration and social security | 454/9 | €1,135,266 | €982,113 | -€153,153 | -13.5% |
| Other amounts payable | 47/48 | €169,198 | €325,000 | +€155,802 | +92.1% |
| Accrued charges and deferred income | 492/3 | €186,148 | €232,117 | +€45,969 | +24.7% |
| Operating income | 70/76A | €132,946,284 | €118,235,799 | -€14.7m | -11.1% |
| Turnover | 70 | €130,383,012 | €114,678,012 | -€15.7m | -12.0% |
| Other operating income | 74 | €2,402,432 | €3,409,199 | +€1.0m | +41.9% |
| Non-recurring operating income | 76A | €160,839 | €148,588 | -€12,251 | -7.6% |
| Operating charges | 60/66A | €130,002,564 | €117,180,207 | -€12.8m | -9.9% |
| Goods for resale, raw materials and consumables | 60 | €113,144,308 | €99,599,066 | -€13.5m | -12.0% |
| Purchases | 600/8 | €107,787,582 | €99,215,680 | -€8.6m | -8.0% |
| Change in stocks: decrease (increase) | 609 | €5,356,726 | €383,386 | -€5.0m | -92.8% |
| Services and other goods | 61 | €7,861,385 | €10,276,824 | +€2.4m | +30.7% |
| Remuneration, social security and pensions | 62 | €7,974,460 | €7,464,072 | -€510,388 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €372,489 | €484,329 | +€111,840 | +30.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €323,326 | -€284,623 | -€607,949 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €83,137 | -€587,057 | -€670,194 | |
| Other operating charges | 640/8 | €134,571 | €214,861 | +€80,290 | +59.7% |
| Non-recurring operating charges | 66A | €108,888 | €12,735 | -€96,153 | -88.3% |
| Operating profit (loss) | 9901 | €2,943,720 | €1,055,592 | -€1.9m | -64.1% |
| Financial income | 75/76B | €28,438 | €18,025 | -€10,413 | -36.6% |
| Recurring financial income | 75 | €28,438 | €18,025 | -€10,413 | -36.6% |
| Income from financial fixed assets | 750 | - | €99 | +€99 | |
| Other financial income | 752/9 | €28,438 | €17,926 | -€10,512 | -37.0% |
| Financial charges | 65/66B | €832,551 | €1,326,693 | +€494,142 | +59.4% |
| Recurring financial charges | 65 | €832,551 | €1,326,481 | +€493,930 | +59.3% |
| Debt charges | 650 | €480,811 | €790,292 | +€309,481 | +64.4% |
| Other financial charges | 652/9 | €351,739 | €536,189 | +€184,450 | +52.4% |
| Non-recurring financial charges | 66B | - | €212 | +€212 | |
| Profit (loss) for the period before taxes | 9903 | €2,139,607 | -€253,076 | -€2.4m | |
| Income taxes | 67/77 | €725,252 | -€100,601 | -€825,853 | |
| Taxes | 670/3 | €863,817 | €52,235 | -€811,582 | -94.0% |
| Tax adjustments and reversals of tax provisions | 77 | €138,565 | €152,836 | +€14,271 | +10.3% |
| Profit (loss) for the period | 9904 | €1,414,355 | -€152,475 | -€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,414,355 | -€152,475 | -€1.6m |
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 15 October 2026 via checked.be.