PC-CONNECT: 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-CONNECT
Largest movements
- Current investments +€155,000
new in 2025: €155,000
- Cash -€127,266
down €127,266 (-47.1%), from €270,457 to €143,191
mainly Current investments (-€155,000) and Receivables within one year (-€5,122)
- Receivables within one year +€5,122
up €5,122 (+56.0%), from €9,139 to €14,261
of which Trade receivables: +€5,929
- Reserves +€32,546
up €32,546 (+17.5%), from €186,070 to €218,616
of which Distributable reserves: +€32,546
- Gross operating margin +€25,699
up €25,699 (+96.7%), from €26,566 to €52,265
- Taxes +€8,498
up €8,498 (+120.1%), from €7,078 to €15,576
- Financial income -€2,379
down €2,379 (-51.4%), from €4,625 to €2,246
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 | €324,095 | €359,199 | +€35,104 | +10.8% |
| Fixed assets | 21/28 | €4,453 | €4,239 | -€214 | -4.8% |
| Tangible fixed assets | 22/27 | €4,453 | €4,239 | -€214 | -4.8% |
| Plant, machinery and equipment | 23 | €4,453 | €4,239 | -€214 | -4.8% |
| Current assets | 29/58 | €319,642 | €354,960 | +€35,318 | +11.0% |
| Stocks and contracts in progress | 3 | €38,508 | €40,436 | +€1,928 | +5.0% |
| Stocks | 30/36 | €38,508 | €40,436 | +€1,928 | +5.0% |
| Amounts receivable within one year | 40/41 | €9,139 | €14,261 | +€5,122 | +56.0% |
| Trade receivables | 40 | €8,332 | €14,261 | +€5,929 | +71.2% |
| Other amounts receivable | 41 | €807 | - | -€807 | |
| Current investments | 50/53 | - | €155,000 | +€155,000 | |
| Cash at bank and in hand | 54/58 | €270,457 | €143,191 | -€127,266 | -47.1% |
| Deferred charges and accrued income | 490/1 | €1,538 | €2,072 | +€534 | +34.7% |
| Total equity and liabilities | 10/49 | €324,095 | €359,199 | +€35,104 | +10.8% |
| Equity | 10/15 | €204,620 | €237,166 | +€32,546 | +15.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €186,070 | €218,616 | +€32,546 | +17.5% |
| Non-distributable reserves | 130/1 | €4,495 | €4,495 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,495 | €4,495 | = | 0.0% |
| Distributable reserves | 133 | €181,575 | €214,121 | +€32,546 | +17.9% |
| Amounts payable | 17/49 | €119,475 | €122,033 | +€2,558 | +2.1% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,773 | €21,569 | +€2,796 | +14.9% |
| Financial debts | 43 | €13 | €14 | +€1 | +7.7% |
| Credit institutions | 430/8 | €13 | €14 | +€1 | +7.7% |
| Trade debts | 44 | €9,140 | €11,513 | +€2,373 | +26.0% |
| Suppliers | 440/4 | €9,140 | €11,513 | +€2,373 | +26.0% |
| Taxes, remuneration and social security | 45 | €5,395 | €6,475 | +€1,080 | +20.0% |
| Taxes | 450/3 | €3,895 | €4,975 | +€1,080 | +27.7% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €4,225 | €3,567 | -€658 | -15.6% |
| Accrued charges and deferred income | 492/3 | €702 | €464 | -€238 | -33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €976 | €1,453 | +€477 | +48.9% |
| Other operating charges | 640/8 | €758 | €791 | +€33 | +4.4% |
| Gross operating margin | 9900 | €26,566 | €52,265 | +€25,699 | +96.7% |
| Operating profit (loss) | 9901 | €24,832 | €50,021 | +€25,189 | +101.4% |
| Financial income | 75/76B | €4,625 | €2,246 | -€2,379 | -51.4% |
| Recurring financial income | 75 | €4,625 | €2,246 | -€2,379 | -51.4% |
| Financial charges | 65/66B | €4,235 | €4,145 | -€90 | -2.1% |
| Recurring financial charges | 65 | €4,235 | €4,145 | -€90 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €25,222 | €48,122 | +€22,900 | +90.8% |
| Income taxes | 67/77 | €7,078 | €15,576 | +€8,498 | +120.1% |
| Profit (loss) for the period | 9904 | €18,144 | €32,546 | +€14,402 | +79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,144 | €32,546 | +€14,402 | +79.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.