PC Partner: 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 Partner
Largest movements
- Receivables within one year +€74,257
up €74,257 (+57.3%), from €129,483 to €203,740
of which Trade receivables: +€56,750
- Tangible fixed assets -€67,355
down €67,355 (-14.2%), from €473,760 to €406,405
- Cash +€52,622
up €52,622 (+96.6%), from €54,500 to €107,122
mainly Trade debts (+€123,255) and Depreciation (+€68,677)
- Stocks and contracts +€20,211
up €20,211 (+418.7%), from €4,827 to €25,037
- Trade debts +€123,255
up €123,255 (+213.8%), from €57,660 to €180,915
- Other debts +€47,063
up €47,063 (+122.1%), from €38,541 to €85,604
- Reserves -€43,619
down €43,619 (-95.9%), from €45,479 to €1,860
of which Distributable reserves: -€43,619
- Debts after one year -€43,421
down €43,421 (-13.2%), from €327,777 to €284,355
- Profit (loss) carried forward -€8,522
down €8,522 (-26.6%), from €32,037 to €23,515
- Gross operating margin +€115,621
up €115,621 (+26.7%), from €433,325 to €548,946
- Staff costs +€78,701
up €78,701 (+26.4%), from €298,112 to €376,813
- Write-downs +€45,055
up €45,055 (+303.1%), from €14,865 to €59,920
- Taxes +€5,546
up €5,546 (+66.7%), from €8,309 to €13,855
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 | €668,053 | €746,972 | +€78,919 | +11.8% |
| Fixed assets | 21/28 | €473,990 | €406,635 | -€67,355 | -14.2% |
| Tangible fixed assets | 22/27 | €473,760 | €406,405 | -€67,355 | -14.2% |
| Land and buildings | 22 | €299,563 | €272,864 | -€26,699 | -8.9% |
| Plant, machinery and equipment | 23 | €37,566 | €23,959 | -€13,607 | -36.2% |
| Furniture and vehicles | 24 | €136,632 | €109,583 | -€27,049 | -19.8% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €194,063 | €340,337 | +€146,274 | +75.4% |
| Stocks and contracts in progress | 3 | €4,827 | €25,037 | +€20,211 | +418.7% |
| Stocks | 30/36 | €4,827 | €25,037 | +€20,211 | +418.7% |
| Amounts receivable within one year | 40/41 | €129,483 | €203,740 | +€74,257 | +57.3% |
| Trade receivables | 40 | €120,446 | €177,196 | +€56,750 | +47.1% |
| Other amounts receivable | 41 | €9,037 | €26,544 | +€17,507 | +193.7% |
| Cash at bank and in hand | 54/58 | €54,500 | €107,122 | +€52,622 | +96.6% |
| Deferred charges and accrued income | 490/1 | €5,253 | €4,437 | -€815 | -15.5% |
| Total equity and liabilities | 10/49 | €668,053 | €746,972 | +€78,919 | +11.8% |
| Equity | 10/15 | €96,116 | €43,975 | -€52,141 | -54.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,479 | €1,860 | -€43,619 | -95.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €43,619 | - | -€43,619 | |
| Profit (loss) carried forward | 14 | €32,037 | €23,515 | -€8,522 | -26.6% |
| Amounts payable | 17/49 | €571,937 | €702,997 | +€131,060 | +22.9% |
| Amounts payable after more than one year | 17 | €327,777 | €284,355 | -€43,421 | -13.2% |
| Financial debts | 170/4 | €327,777 | €284,355 | -€43,421 | -13.2% |
| Amounts payable within one year | 42/48 | €197,649 | €366,641 | +€168,992 | +85.5% |
| Current portion of amounts payable after more than one year | 42 | €43,291 | €44,319 | +€1,029 | +2.4% |
| Financial debts | 43 | €6,790 | €7,809 | +€1,019 | +15.0% |
| Credit institutions | 430/8 | €6,790 | €7,809 | +€1,019 | +15.0% |
| Trade debts | 44 | €57,660 | €180,915 | +€123,255 | +213.8% |
| Suppliers | 440/4 | €57,660 | €180,915 | +€123,255 | +213.8% |
| Taxes, remuneration and social security | 45 | €51,367 | €47,994 | -€3,373 | -6.6% |
| Taxes | 450/3 | €14,827 | - | -€14,827 | |
| Remuneration and social security | 454/9 | €36,540 | €47,994 | +€11,454 | +31.3% |
| Other amounts payable | 47/48 | €38,541 | €85,604 | +€47,063 | +122.1% |
| Accrued charges and deferred income | 492/3 | €46,511 | €52,000 | +€5,489 | +11.8% |
| Non-recurring operating income | 76A | €3,383 | €3,851 | +€468 | +13.8% |
| Remuneration, social security and pensions | 62 | €298,112 | €376,813 | +€78,701 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,588 | €68,677 | +€3,089 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,865 | €59,920 | +€45,055 | +303.1% |
| Other operating charges | 640/8 | €3,748 | €2,638 | -€1,110 | -29.6% |
| Non-recurring operating charges | 66A | €804 | - | -€804 | |
| Gross operating margin | 9900 | €433,325 | €548,946 | +€115,621 | +26.7% |
| Operating profit (loss) | 9901 | €50,209 | €40,899 | -€9,310 | -18.5% |
| Financial income | 75/76B | €483 | €504 | +€21 | +4.3% |
| Recurring financial income | 75 | €483 | €504 | +€21 | +4.3% |
| Financial charges | 65/66B | €14,176 | €16,955 | +€2,779 | +19.6% |
| Recurring financial charges | 65 | €14,176 | €16,955 | +€2,779 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €36,516 | €24,447 | -€12,069 | -33.1% |
| Income taxes | 67/77 | €8,309 | €13,855 | +€5,546 | +66.7% |
| Profit (loss) for the period | 9904 | €28,207 | €10,593 | -€17,615 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,207 | €10,593 | -€17,615 | -62.4% |
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 9 October 2026 via checked.be.