PC PROPERTIES: what changed
Two fiscal 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 PROPERTIES
Largest movements
- Receivables within one year +€60,211
up €60,211 (+30.9%), from €194,543 to €254,754
of which Other amounts receivable: +€56,737
- Tangible fixed assets -€43,144
down €43,144 (-1.9%), from €2.3m to €2.2m
- Cash -€26,802
down €26,802 (-62.6%), from €42,809 to €16,007
mainly Receivables within one year (-€60,211) and Tax, wage and social debts (-€42,021)
- Tax, wage and social debts -€42,021
down €42,021 (-100.0%), from €42,021 to €0
- Reserves +€39,767
up €39,767 (+1.7%), from €2.4m to €2.4m
of which Distributable reserves: +€39,767
- Gross operating margin -€11,728
down €11,728 (-9.5%), from €123,931 to €112,203
- Other operating charges +€7,823
up €7,823 (+84.6%), from €9,248 to €17,072
- Taxes -€6,437
down €6,437 (-25.8%), from €24,995 to €18,558
- Financial income +€2,098
up €2,098 (+47.2%), from €4,445 to €6,544
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 | €2,524,565 | €2,514,532 | -€10,033 | -0.4% |
| Fixed assets | 21/28 | €2,284,083 | €2,240,939 | -€43,144 | -1.9% |
| Tangible fixed assets | 22/27 | €2,284,083 | €2,240,939 | -€43,144 | -1.9% |
| Land and buildings | 22 | €2,284,083 | €2,240,939 | -€43,144 | -1.9% |
| Current assets | 29/58 | €240,482 | €273,593 | +€33,111 | +13.8% |
| Amounts receivable within one year | 40/41 | €194,543 | €254,754 | +€60,211 | +30.9% |
| Trade receivables | 40 | - | €3,474 | +€3,474 | |
| Other amounts receivable | 41 | €194,543 | €251,280 | +€56,737 | +29.2% |
| Cash at bank and in hand | 54/58 | €42,809 | €16,007 | -€26,802 | -62.6% |
| Deferred charges and accrued income | 490/1 | €3,130 | €2,832 | -€298 | -9.5% |
| Total equity and liabilities | 10/49 | €2,524,565 | €2,514,532 | -€10,033 | -0.4% |
| Equity | 10/15 | €2,474,501 | €2,514,268 | +€39,767 | +1.6% |
| Contributions | 10/11 | €100,018 | €100,018 | = | 0.0% |
| Reserves | 13 | €2,374,483 | €2,414,250 | +€39,767 | +1.7% |
| Tax-exempt reserves | 132 | €28,970 | €28,970 | = | 0.0% |
| Distributable reserves | 133 | €2,345,513 | €2,385,280 | +€39,767 | +1.7% |
| Amounts payable | 17/49 | €50,064 | €264 | -€49,800 | -99.5% |
| Amounts payable within one year | 42/48 | €47,781 | €264 | -€47,517 | -99.4% |
| Trade debts | 44 | €971 | €0 | -€971 | -100.0% |
| Suppliers | 440/4 | €971 | €0 | -€971 | -100.0% |
| Taxes, remuneration and social security | 45 | €42,021 | €0 | -€42,021 | -100.0% |
| Taxes | 450/3 | €42,021 | €0 | -€42,021 | -100.0% |
| Other amounts payable | 47/48 | €4,789 | €264 | -€4,525 | -94.5% |
| Accrued charges and deferred income | 492/3 | €2,283 | €0 | -€2,283 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,144 | €43,144 | = | 0.0% |
| Other operating charges | 640/8 | €9,248 | €17,072 | +€7,823 | +84.6% |
| Gross operating margin | 9900 | €123,931 | €112,203 | -€11,728 | -9.5% |
| Operating profit (loss) | 9901 | €71,538 | €51,987 | -€19,551 | -27.3% |
| Financial income | 75/76B | €4,445 | €6,544 | +€2,098 | +47.2% |
| Recurring financial income | 75 | €4,445 | €6,544 | +€2,098 | +47.2% |
| Financial charges | 65/66B | €26 | €206 | +€180 | +701.1% |
| Recurring financial charges | 65 | €26 | €206 | +€180 | +701.1% |
| Profit (loss) for the period before taxes | 9903 | €75,958 | €58,325 | -€17,633 | -23.2% |
| Income taxes | 67/77 | €24,995 | €18,558 | -€6,437 | -25.8% |
| Profit (loss) for the period | 9904 | €50,963 | €39,767 | -€11,196 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,963 | €39,767 | -€11,196 | -22.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.