PC DISTRIBUTION: 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 DISTRIBUTION
NACE 46.391, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€555,942
2024 · €452,743+€103,199
Equity
€3.0m
2024 · €2.4m+€538,418
Cash
€370,719
2024 · €244,482+€126,237
Balance sheet total
€7.0m
2024 · €7.1m-€113,540
Largest movements
Assets
- Tangible fixed assets -€144,426
down €144,426 (-3.1%), from €4.7m to €4.5m
of which Leasing and similar rights: -€106,588
- Cash +€126,237
up €126,237 (+51.6%), from €244,482 to €370,719
mainly Net result for the year (+€555,942) and Depreciation (+€445,479)
Equity and liabilities
- Reserves +€560,000
up €560,000 (+26.1%), from €2.1m to €2.7m
of which Distributable reserves: +€560,000
- Debts after one year -€515,942
down €515,942 (-20.8%), from €2.5m to €2.0m
- Trade debts -€91,877
down €91,877 (-6.3%), from €1.5m to €1.4m
Income statement
No income-statement line moved by more than 1% of the activity.
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
€452,743
Turnover
+€74,993
Other operating income
+€60,075
Goods and materials
+€60,928
Services and other goods
-€29,584
Staff costs
-€30,555
Depreciation
+€1,990
Other operating charges
-€28,035
Other operating items
-€3,423
Financial income
+€12,454
Financial charges
+€13,012
Taxes
-€28,655
Result 2025
€555,942
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
+€1.0m
Investment
-€293,805
Financing
-€583,845
Cash 2024
€244,482
From operations (derived)
+€1.0m
Net result for the year
+€555,942
Depreciation
+€445,479
Stocks and contracts
+€67,489
Receivables within one year
+€18,545
Deferred charges and accrued income
+€2,069
Trade debts
-€91,877
Tax, wage and social debts
+€10,489
Accrued charges and deferred income
-€4,249
Investment (derived)
-€293,805
Investment in fixed assets (net)
-€293,805
Financing
-€583,845
Debts after one year
-€515,942
Current portion of long-term debt
-€33,256
Short-term financial debts
-€17,124
Contributions, distributions and other
-€17,523
Cash 2025
€370,719
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,134,142 | €7,020,601 | -€113,540 | -1.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,742,743 | €4,591,069 | -€151,675 | -3.2% |
| Intangible fixed assets | 21 | €48,251 | €41,002 | -€7,249 | -15.0% |
| Tangible fixed assets | 22/27 | €4,693,822 | €4,549,396 | -€144,426 | -3.1% |
| Land and buildings | 22 | €3,635,860 | €3,665,103 | +€29,243 | +0.8% |
| Plant, machinery and equipment | 23 | €267,080 | €203,203 | -€63,876 | -23.9% |
| Furniture and vehicles | 24 | €7,215 | €4,011 | -€3,204 | -44.4% |
| Leasing and similar rights | 25 | €624,777 | €518,189 | -€106,588 | -17.1% |
| Other tangible fixed assets | 26 | €158,890 | €158,890 | = | 0.0% |
| Financial fixed assets | 28 | €670 | €670 | = | 0.0% |
| Other financial fixed assets | 284/8 | €670 | €670 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €670 | €670 | = | 0.0% |
| Current assets | 29/58 | €2,391,399 | €2,429,533 | +€38,134 | +1.6% |
| Stocks and contracts in progress | 3 | €797,416 | €729,927 | -€67,489 | -8.5% |
| Stocks | 30/36 | €797,416 | €729,927 | -€67,489 | -8.5% |
| Goods purchased for resale | 34 | €797,416 | €729,927 | -€67,489 | -8.5% |
| Amounts receivable within one year | 40/41 | €1,330,816 | €1,312,271 | -€18,545 | -1.4% |
| Trade receivables | 40 | €456,325 | €557,476 | +€101,151 | +22.2% |
| Other amounts receivable | 41 | €874,491 | €754,795 | -€119,696 | -13.7% |
| Cash at bank and in hand | 54/58 | €244,482 | €370,719 | +€126,237 | +51.6% |
| Deferred charges and accrued income | 490/1 | €18,685 | €16,616 | -€2,069 | -11.1% |
| Total equity and liabilities | 10/49 | €7,134,142 | €7,020,601 | -€113,540 | -1.6% |
| Equity | 10/15 | €2,418,858 | €2,957,276 | +€538,418 | +22.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €2,144,900 | €2,704,900 | +€560,000 | +26.1% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €2,107,400 | €2,667,400 | +€560,000 | +26.6% |
| Profit (loss) carried forward | 14 | €4,091 | €32 | -€4,058 | -99.2% |
| Investment grants | 15 | €69,867 | €52,344 | -€17,523 | -25.1% |
| Amounts payable | 17/49 | €4,715,284 | €4,063,326 | -€651,959 | -13.8% |
| Amounts payable after more than one year | 17 | €2,476,636 | €1,960,693 | -€515,942 | -20.8% |
| Financial debts | 170/4 | €2,476,636 | €1,960,693 | -€515,942 | -20.8% |
| Leasing and similar obligations | 172 | €310,436 | €203,335 | -€107,101 | -34.5% |
| Credit institutions | 173 | €2,166,200 | €1,757,358 | -€408,841 | -18.9% |
| Amounts payable within one year | 42/48 | €2,168,281 | €2,036,514 | -€131,767 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €549,198 | €515,942 | -€33,256 | -6.1% |
| Financial debts | 43 | €67,623 | €50,499 | -€17,124 | -25.3% |
| Credit institutions | 430/8 | €67,623 | €50,499 | -€17,124 | -25.3% |
| Trade debts | 44 | €1,454,291 | €1,362,414 | -€91,877 | -6.3% |
| Suppliers | 440/4 | €1,454,291 | €1,362,414 | -€91,877 | -6.3% |
| Taxes, remuneration and social security | 45 | €97,170 | €107,659 | +€10,489 | +10.8% |
| Taxes | 450/3 | €29,367 | €37,258 | +€7,891 | +26.9% |
| Remuneration and social security | 454/9 | €67,803 | €70,401 | +€2,598 | +3.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €70,367 | €66,118 | -€4,249 | -6.0% |
| Operating income | 70/76A | €12,713,113 | €12,848,137 | +€135,024 | +1.1% |
| Turnover | 70 | €11,991,546 | €12,066,539 | +€74,993 | +0.6% |
| Other operating income | 74 | €721,523 | €781,598 | +€60,075 | +8.3% |
| Non-recurring operating income | 76A | €44 | - | -€44 | |
| Operating charges | 60/66A | €12,039,019 | €12,067,655 | +€28,636 | +0.2% |
| Goods for resale, raw materials and consumables | 60 | €9,265,119 | €9,204,191 | -€60,928 | -0.7% |
| Purchases | 600/8 | €9,350,269 | €9,136,702 | -€213,567 | -2.3% |
| Change in stocks: decrease (increase) | 609 | -€85,151 | €67,489 | +€152,640 | |
| Services and other goods | 61 | €1,314,074 | €1,343,658 | +€29,584 | +2.3% |
| Remuneration, social security and pensions | 62 | €506,396 | €536,951 | +€30,555 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €447,469 | €445,479 | -€1,990 | -0.4% |
| Other operating charges | 640/8 | €505,962 | €533,997 | +€28,035 | +5.5% |
| Non-recurring operating charges | 66A | - | €3,380 | +€3,380 | |
| Operating profit (loss) | 9901 | €674,094 | €780,482 | +€106,387 | +15.8% |
| Financial income | 75/76B | €23,005 | €35,459 | +€12,454 | +54.1% |
| Recurring financial income | 75 | €23,005 | €35,459 | +€12,454 | +54.1% |
| Income from current assets | 751 | €16,839 | €17,934 | +€1,095 | +6.5% |
| Other financial income | 752/9 | €6,166 | €17,525 | +€11,359 | +184% |
| Financial charges | 65/66B | €89,478 | €76,466 | -€13,012 | -14.5% |
| Recurring financial charges | 65 | €89,478 | €76,466 | -€13,012 | -14.5% |
| Debt charges | 650 | €86,838 | €74,193 | -€12,645 | -14.6% |
| Other financial charges | 652/9 | €2,640 | €2,273 | -€367 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €607,621 | €739,475 | +€131,853 | +21.7% |
| Income taxes | 67/77 | €154,878 | €183,533 | +€28,655 | +18.5% |
| Taxes | 670/3 | €154,878 | €183,533 | +€28,655 | +18.5% |
| Profit (loss) for the period | 9904 | €452,743 | €555,942 | +€103,199 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €452,743 | €555,942 | +€103,199 | +22.8% |
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 14 October 2026 via checked.be.