PC YELLOW: 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 YELLOW
Largest movements
- Intangible fixed assets +€93,958
new in 2025: €93,958
- Receivables within one year +€51,417
up €51,417 (+87.3%), from €58,876 to €110,293
of which Trade receivables: +€70,905
- Stocks and contracts -€17,872
down €17,872 (-12.5%), from €142,727 to €124,855
- Tangible fixed assets +€11,985
up €11,985 (+28.3%), from €42,412 to €54,397
of which Other tangible fixed assets: +€21,180
- Cash +€7,036
up €7,036 (+2.5%), from €280,492 to €287,528
mainly Net result for the year (+€75,708) and Debts after one year (+€58,260)
- Reserves +€75,708
up €75,708 (+27.3%), from €277,625 to €353,333
- Debts after one year +€58,260
new in 2025: €58,260
- Other debts -€13,234
down €13,234 (-16.6%), from €79,571 to €66,337
- Tax, wage and social debts +€11,598
up €11,598 (+16.2%), from €71,452 to €83,050
of which Taxes: +€16,381
- Current portion of long-term debt +€10,464
new in 2025: €10,464
- Gross operating margin +€149,467
up €149,467 (+27.1%), from €552,488 to €701,955
- Staff costs +€58,037
up €58,037 (+12.1%), from €477,753 to €535,790
- Taxes +€22,384
up €22,384 (+154%), from €14,542 to €36,926
- Depreciation +€12,214
up €12,214 (+55.6%), from €21,964 to €34,178
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 | €548,704 | €697,099 | +€148,395 | +27.0% |
| Fixed assets | 21/28 | €42,489 | €148,432 | +€105,943 | +249% |
| Intangible fixed assets | 21 | - | €93,958 | +€93,958 | |
| Tangible fixed assets | 22/27 | €42,412 | €54,397 | +€11,985 | +28.3% |
| Furniture and vehicles | 24 | €42,412 | €33,217 | -€9,195 | -21.7% |
| Other tangible fixed assets | 26 | - | €21,180 | +€21,180 | |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €506,215 | €548,667 | +€42,452 | +8.4% |
| Stocks and contracts in progress | 3 | €142,727 | €124,855 | -€17,872 | -12.5% |
| Stocks | 30/36 | €142,727 | €124,855 | -€17,872 | -12.5% |
| Amounts receivable within one year | 40/41 | €58,876 | €110,293 | +€51,417 | +87.3% |
| Trade receivables | 40 | €38,383 | €109,288 | +€70,905 | +185% |
| Other amounts receivable | 41 | €20,493 | €1,005 | -€19,488 | -95.1% |
| Current investments | 50/53 | €186 | €186 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €280,492 | €287,528 | +€7,036 | +2.5% |
| Deferred charges and accrued income | 490/1 | €23,934 | €25,805 | +€1,871 | +7.8% |
| Total equity and liabilities | 10/49 | €548,704 | €697,099 | +€148,395 | +27.0% |
| Equity | 10/15 | €296,217 | €371,925 | +€75,708 | +25.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €277,625 | €353,333 | +€75,708 | +27.3% |
| Distributable reserves | 133 | €277,625 | €353,333 | +€75,708 | +27.3% |
| Amounts payable | 17/49 | €252,487 | €325,174 | +€72,687 | +28.8% |
| Amounts payable after more than one year | 17 | - | €58,260 | +€58,260 | |
| Financial debts | 170/4 | - | €58,260 | +€58,260 | |
| Amounts payable within one year | 42/48 | €246,292 | €262,469 | +€16,177 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,464 | +€10,464 | |
| Trade debts | 44 | €95,269 | €102,618 | +€7,349 | +7.7% |
| Suppliers | 440/4 | €95,269 | €102,618 | +€7,349 | +7.7% |
| Taxes, remuneration and social security | 45 | €71,452 | €83,050 | +€11,598 | +16.2% |
| Taxes | 450/3 | €11,011 | €27,392 | +€16,381 | +149% |
| Remuneration and social security | 454/9 | €60,441 | €55,658 | -€4,783 | -7.9% |
| Other amounts payable | 47/48 | €79,571 | €66,337 | -€13,234 | -16.6% |
| Accrued charges and deferred income | 492/3 | €6,195 | €4,445 | -€1,750 | -28.2% |
| Non-recurring operating income | 76A | €826 | €19,457 | +€18,631 | +2,256% |
| Remuneration, social security and pensions | 62 | €477,753 | €535,790 | +€58,037 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,964 | €34,178 | +€12,214 | +55.6% |
| Other operating charges | 640/8 | €14,153 | €11,355 | -€2,798 | -19.8% |
| Gross operating margin | 9900 | €552,488 | €701,955 | +€149,467 | +27.1% |
| Operating profit (loss) | 9901 | €38,618 | €120,632 | +€82,014 | +212% |
| Financial income | 75/76B | €1,266 | €1,437 | +€171 | +13.5% |
| Recurring financial income | 75 | €1,266 | €1,437 | +€171 | +13.5% |
| Financial charges | 65/66B | €10,676 | €9,435 | -€1,241 | -11.6% |
| Recurring financial charges | 65 | €10,676 | €9,435 | -€1,241 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €29,208 | €112,634 | +€83,426 | +286% |
| Income taxes | 67/77 | €14,542 | €36,926 | +€22,384 | +154% |
| Profit (loss) for the period | 9904 | €14,666 | €75,708 | +€61,042 | +416% |
| Profit (loss) for the period to be appropriated | 9905 | €14,666 | €75,708 | +€61,042 | +416% |
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 14 October 2026 via checked.be.