PC & GS management: 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 & GS management
Largest movements
- Cash -€472,012
down €472,012 (-62.7%), from €752,857 to €280,845
mainly Contributions, distributions and other (-€350,850) and Other debts (-€319,691)
- Receivables within one year +€140,120
up €140,120 (+75.1%), from €186,580 to €326,700
of which Trade receivables: +€168,040
- Other debts -€319,691
down €319,691 (-37.5%), from €853,214 to €533,524
- Profit (loss) carried forward -€30,322
down €30,322 (-100%), from €30,322 to €0
- Tax, wage and social debts +€15,491
up €15,491 (+40.7%), from €38,027 to €53,518
of which Taxes: +€15,243
- Gross operating margin +€173,824
up €173,824 (+53.7%), from €323,635 to €497,459
- Taxes +€52,413
up €52,413 (+105%), from €50,080 to €102,493
- Depreciation -€33,588
down €33,588 (-92.7%), from €36,216 to €2,627
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 | €946,075 | €612,891 | -€333,184 | -35.2% |
| Fixed assets | 21/28 | €4,886 | €3,519 | -€1,367 | -28.0% |
| Tangible fixed assets | 22/27 | €4,886 | €3,519 | -€1,367 | -28.0% |
| Plant, machinery and equipment | 23 | - | €1,076 | +€1,076 | |
| Furniture and vehicles | 24 | €4,886 | €2,443 | -€2,443 | -50.0% |
| Current assets | 29/58 | €941,189 | €609,371 | -€331,817 | -35.3% |
| Amounts receivable within one year | 40/41 | €186,580 | €326,700 | +€140,120 | +75.1% |
| Trade receivables | 40 | €158,660 | €326,700 | +€168,040 | +106% |
| Other amounts receivable | 41 | €27,920 | €0 | -€27,920 | -100% |
| Cash at bank and in hand | 54/58 | €752,857 | €280,845 | -€472,012 | -62.7% |
| Deferred charges and accrued income | 490/1 | €1,752 | €1,826 | +€75 | +4.3% |
| Total equity and liabilities | 10/49 | €946,075 | €612,891 | -€333,184 | -35.2% |
| Equity | 10/15 | €52,770 | €22,448 | -€30,322 | -57.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,848 | €3,848 | = | 0.0% |
| Distributable reserves | 133 | €3,848 | €3,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,322 | €0 | -€30,322 | -100% |
| Amounts payable | 17/49 | €893,305 | €590,443 | -€302,862 | -33.9% |
| Amounts payable within one year | 42/48 | €893,305 | €590,443 | -€302,862 | -33.9% |
| Trade debts | 44 | €2,063 | €3,401 | +€1,338 | +64.8% |
| Suppliers | 440/4 | €2,063 | €3,401 | +€1,338 | +64.8% |
| Taxes, remuneration and social security | 45 | €38,027 | €53,518 | +€15,491 | +40.7% |
| Taxes | 450/3 | €29,874 | €45,117 | +€15,243 | +51.0% |
| Remuneration and social security | 454/9 | €8,154 | €8,401 | +€248 | +3.0% |
| Other amounts payable | 47/48 | €853,214 | €533,524 | -€319,691 | -37.5% |
| Remuneration, social security and pensions | 62 | €67,690 | €70,562 | +€2,872 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,216 | €2,627 | -€33,588 | -92.7% |
| Other operating charges | 640/8 | €2,543 | €1,185 | -€1,358 | -53.4% |
| Gross operating margin | 9900 | €323,635 | €497,459 | +€173,824 | +53.7% |
| Operating profit (loss) | 9901 | €217,186 | €423,085 | +€205,898 | +94.8% |
| Financial charges | 65/66B | €315 | €64 | -€251 | -79.7% |
| Recurring financial charges | 65 | €315 | €64 | -€251 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €216,871 | €423,021 | +€206,149 | +95.1% |
| Income taxes | 67/77 | €50,080 | €102,493 | +€52,413 | +105% |
| Profit (loss) for the period | 9904 | €166,791 | €320,527 | +€153,736 | +92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €166,791 | €320,527 | +€153,736 | +92.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.