PC GV: 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 GV
Largest movements
- Financial fixed assets +€174,782
up €174,782 (+383%), from €45,683 to €220,465
- Receivables within one year +€71,343
up €71,343 (+85.9%), from €83,033 to €154,375
of which Trade receivables: +€63,359
- Tangible fixed assets +€12,264
up €12,264 (+60.5%), from €20,279 to €32,543
- Debts after one year +€200,000
up €200,000 (+154%), from €130,000 to €330,000
- Trade debts +€48,815
up €48,815 (+81.9%), from €59,573 to €108,388
- Other debts +€11,010
up €11,010 (+11,902%), from €93 to €11,102
- Depreciation -€196,413
down €196,413 (-95.8%), from €205,050 to €8,637
- Write-downs +€30,255
new in 2024: €30,255
- Gross operating margin +€9,161
up €9,161 (+24.9%), from €36,842 to €46,002
- Financial charges +€1,787
up €1,787 (+31.8%), from €5,622 to €7,408
- Other operating charges -€469
no longer reported in 2024 (was €469)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,184 | €416,332 | +€263,148 | +172% |
| Fixed assets | 21/28 | €67,150 | €253,955 | +€186,806 | +278% |
| Intangible fixed assets | 21 | €1,187 | €947 | -€240 | -20.2% |
| Tangible fixed assets | 22/27 | €20,279 | €32,543 | +€12,264 | +60.5% |
| Plant, machinery and equipment | 23 | €20,279 | €32,543 | +€12,264 | +60.5% |
| Financial fixed assets | 28 | €45,683 | €220,465 | +€174,782 | +383% |
| Current assets | 29/58 | €86,035 | €162,377 | +€76,342 | +88.7% |
| Amounts receivable within one year | 40/41 | €83,033 | €154,375 | +€71,343 | +85.9% |
| Trade receivables | 40 | €82,601 | €145,960 | +€63,359 | +76.7% |
| Other amounts receivable | 41 | €432 | €8,415 | +€7,984 | +1,850% |
| Cash at bank and in hand | 54/58 | €1,573 | €5,200 | +€3,627 | +231% |
| Deferred charges and accrued income | 490/1 | €1,428 | €2,801 | +€1,373 | +96.1% |
| Total equity and liabilities | 10/49 | €153,184 | €416,332 | +€263,148 | +172% |
| Equity | 10/15 | -€38,172 | -€38,446 | -€274 | -0.7% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€168,172 | -€168,446 | -€274 | -0.2% |
| Amounts payable | 17/49 | €191,356 | €454,779 | +€263,422 | +138% |
| Amounts payable after more than one year | 17 | €130,000 | €330,000 | +€200,000 | +154% |
| Financial debts | 170/4 | €130,000 | €330,000 | +€200,000 | +154% |
| Amounts payable within one year | 42/48 | €61,197 | €124,779 | +€63,582 | +104% |
| Trade debts | 44 | €59,573 | €108,388 | +€48,815 | +81.9% |
| Suppliers | 440/4 | €59,573 | €108,388 | +€48,815 | +81.9% |
| Taxes, remuneration and social security | 45 | €1,532 | €5,289 | +€3,757 | +245% |
| Taxes | 450/3 | €1,532 | €5,289 | +€3,757 | +245% |
| Other amounts payable | 47/48 | €93 | €11,102 | +€11,010 | +11,902% |
| Accrued charges and deferred income | 492/3 | €160 | - | -€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,050 | €8,637 | -€196,413 | -95.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,255 | +€30,255 | |
| Other operating charges | 640/8 | €469 | - | -€469 | |
| Gross operating margin | 9900 | €36,842 | €46,002 | +€9,161 | +24.9% |
| Operating profit (loss) | 9901 | -€168,678 | €7,111 | +€175,788 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,622 | €7,408 | +€1,787 | +31.8% |
| Recurring financial charges | 65 | €5,622 | €7,408 | +€1,787 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | -€174,299 | -€298 | +€174,001 | +99.8% |
| Income taxes | 67/77 | - | -€24 | -€24 | |
| Profit (loss) for the period | 9904 | -€174,299 | -€274 | +€174,025 | +99.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€174,299 | -€274 | +€174,025 | +99.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.