PC ENERGY: 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 ENERGY
Largest movements
- Receivables within one year +€1.6m
up €1.6m (+5,829%), from €27,691 to €1.6m
of which Trade receivables: +€1.2m
- Cash +€955,114
up €955,114 (+15,387%), from €6,207 to €961,321
mainly Debts after one year (+€2.1m) and Trade debts (+€645,828)
- Tangible fixed assets +€213,925
up €213,925 (+23.2%), from €922,423 to €1.1m
of which Land and buildings: +€640,087
- Intangible fixed assets +€62,307
new in 2025: €62,307
- Debts after one year +€2.1m
up €2.1m (+464%), from €463,412 to €2.6m
- Trade debts +€645,828
up €645,828 (+132%), from €490,147 to €1.1m
- Profit (loss) carried forward +€46,910
up €46,910, from -€15,799 to €31,111
- Gross operating margin +€161,365
up €161,365, from -€5,677 to €155,688
- Financial charges +€70,704
up €70,704 (+759%), from €9,315 to €80,020
- Taxes +€15,637
new in 2025: €15,637
- Depreciation +€12,340
up €12,340 (+3,243%), from €380 to €12,720
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €957,761 | €3,812,560 | +€2.9m | +298% |
| Formation expenses | 20 | €1,273 | €943 | -€331 | -26.0% |
| Fixed assets | 21/28 | €922,423 | €1,198,655 | +€276,232 | +29.9% |
| Intangible fixed assets | 21 | - | €62,307 | +€62,307 | |
| Tangible fixed assets | 22/27 | €922,423 | €1,136,348 | +€213,925 | +23.2% |
| Land and buildings | 22 | - | €640,087 | +€640,087 | |
| Assets under construction and advance payments | 27 | €922,423 | €496,261 | -€426,163 | -46.2% |
| Current assets | 29/58 | €34,064 | €2,612,962 | +€2.6m | +7,571% |
| Amounts receivable within one year | 40/41 | €27,691 | €1,641,890 | +€1.6m | +5,829% |
| Trade receivables | 40 | €23,765 | €1,222,157 | +€1.2m | +5,043% |
| Other amounts receivable | 41 | €3,926 | €419,733 | +€415,807 | +10,591% |
| Cash at bank and in hand | 54/58 | €6,207 | €961,321 | +€955,114 | +15,387% |
| Deferred charges and accrued income | 490/1 | €166 | €9,751 | +€9,586 | +5,784% |
| Total equity and liabilities | 10/49 | €957,761 | €3,812,560 | +€2.9m | +298% |
| Equity | 10/15 | €4,201 | €51,111 | +€46,910 | +1,117% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,799 | €31,111 | +€46,910 | |
| Amounts payable | 17/49 | €953,560 | €3,761,449 | +€2.8m | +294% |
| Amounts payable after more than one year | 17 | €463,412 | €2,613,158 | +€2.1m | +464% |
| Financial debts | 170/4 | €463,412 | €2,613,158 | +€2.1m | +464% |
| Amounts payable within one year | 42/48 | €490,147 | €1,148,291 | +€658,144 | +134% |
| Trade debts | 44 | €490,147 | €1,135,976 | +€645,828 | +132% |
| Suppliers | 440/4 | €490,147 | €1,135,976 | +€645,828 | +132% |
| Taxes, remuneration and social security | 45 | - | €12,316 | +€12,316 | |
| Taxes | 450/3 | - | €12,316 | +€12,316 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €380 | €12,720 | +€12,340 | +3,243% |
| Other operating charges | 640/8 | €426 | €401 | -€25 | -5.9% |
| Gross operating margin | 9900 | -€5,677 | €155,688 | +€161,365 | |
| Operating profit (loss) | 9901 | -€6,484 | €142,567 | +€149,050 | |
| Financial charges | 65/66B | €9,315 | €80,020 | +€70,704 | +759% |
| Recurring financial charges | 65 | €9,315 | €80,020 | +€70,704 | +759% |
| Profit (loss) for the period before taxes | 9903 | -€15,799 | €62,547 | +€78,346 | |
| Income taxes | 67/77 | - | €15,637 | +€15,637 | |
| Profit (loss) for the period | 9904 | -€15,799 | €46,910 | +€62,709 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,799 | €46,910 | +€62,709 |
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.