PC Vision: 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 Vision
Largest movements
- Tangible fixed assets +€91,544
up €91,544 (+18.7%), from €490,090 to €581,634
of which Furniture and vehicles: +€86,483
- Receivables within one year +€60,094
up €60,094 (+95.8%), from €62,716 to €122,810
of which Trade receivables: +€63,287
- Stocks and contracts -€18,337
down €18,337 (-13.4%), from €136,618 to €118,280
- Reserves +€93,762
up €93,762 (+42.6%), from €220,289 to €314,051
- Tax, wage and social debts +€49,587
up €49,587 (+224.5%), from €22,090 to €71,677
of which Taxes: +€42,269
- Trade debts +€28,574
up €28,574 (+45.8%), from €62,379 to €90,953
- Debts after one year -€24,368
down €24,368 (-5.6%), from €433,243 to €408,875
- Staff costs +€26,229
up €26,229 (+33.1%), from €79,360 to €105,590
- Gross operating margin +€20,441
up €20,441 (+7.7%), from €263,832 to €284,273
- Depreciation +€6,546
up €6,546 (+18.8%), from €34,897 to €41,443
- Taxes -€5,176
down €5,176 (-14.1%), from €36,807 to €31,632
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 | €794,255 | €935,745 | +€141,490 | +17.8% |
| Fixed assets | 21/28 | €491,590 | €583,134 | +€91,544 | +18.6% |
| Tangible fixed assets | 22/27 | €490,090 | €581,634 | +€91,544 | +18.7% |
| Land and buildings | 22 | €457,618 | €439,054 | -€18,563 | -4.1% |
| Plant, machinery and equipment | 23 | €10,065 | €33,688 | +€23,624 | +234.7% |
| Furniture and vehicles | 24 | €22,408 | €108,891 | +€86,483 | +386.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €302,665 | €352,611 | +€49,946 | +16.5% |
| Stocks and contracts in progress | 3 | €136,618 | €118,280 | -€18,337 | -13.4% |
| Stocks | 30/36 | €136,618 | €118,280 | -€18,337 | -13.4% |
| Amounts receivable within one year | 40/41 | €62,716 | €122,810 | +€60,094 | +95.8% |
| Trade receivables | 40 | €59,523 | €122,810 | +€63,287 | +106.3% |
| Other amounts receivable | 41 | €3,193 | - | -€3,193 | |
| Cash at bank and in hand | 54/58 | €103,332 | €111,521 | +€8,189 | +7.9% |
| Total equity and liabilities | 10/49 | €794,255 | €935,745 | +€141,490 | +17.8% |
| Equity | 10/15 | €222,289 | €316,051 | +€93,762 | +42.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €220,289 | €314,051 | +€93,762 | +42.6% |
| Distributable reserves | 133 | €220,289 | €314,051 | +€93,762 | +42.6% |
| Amounts payable | 17/49 | €571,966 | €619,695 | +€47,728 | +8.3% |
| Amounts payable after more than one year | 17 | €433,243 | €408,875 | -€24,368 | -5.6% |
| Financial debts | 170/4 | €433,243 | €408,875 | -€24,368 | -5.6% |
| Amounts payable within one year | 42/48 | €138,723 | €210,820 | +€72,096 | +52.0% |
| Current portion of amounts payable after more than one year | 42 | €23,942 | €24,368 | +€426 | +1.8% |
| Trade debts | 44 | €62,379 | €90,953 | +€28,574 | +45.8% |
| Suppliers | 440/4 | €62,379 | €90,953 | +€28,574 | +45.8% |
| Taxes, remuneration and social security | 45 | €22,090 | €71,677 | +€49,587 | +224.5% |
| Taxes | 450/3 | €6,756 | €49,025 | +€42,269 | +625.7% |
| Remuneration and social security | 454/9 | €15,335 | €22,652 | +€7,318 | +47.7% |
| Other amounts payable | 47/48 | €30,312 | €23,821 | -€6,491 | -21.4% |
| Remuneration, social security and pensions | 62 | €79,360 | €105,590 | +€26,229 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,897 | €41,443 | +€6,546 | +18.8% |
| Other operating charges | 640/8 | €4,456 | €4,504 | +€48 | +1.1% |
| Gross operating margin | 9900 | €263,832 | €284,273 | +€20,441 | +7.7% |
| Operating profit (loss) | 9901 | €145,119 | €132,736 | -€12,383 | -8.5% |
| Financial income | 75/76B | €1,311 | €2,651 | +€1,340 | +102.2% |
| Recurring financial income | 75 | €1,311 | €2,651 | +€1,340 | +102.2% |
| Financial charges | 65/66B | €11,006 | €9,993 | -€1,013 | -9.2% |
| Recurring financial charges | 65 | €11,006 | €9,993 | -€1,013 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €135,423 | €125,393 | -€10,030 | -7.4% |
| Income taxes | 67/77 | €36,807 | €31,632 | -€5,176 | -14.1% |
| Profit (loss) for the period | 9904 | €98,616 | €93,762 | -€4,854 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €98,616 | €93,762 | -€4,854 | -4.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.