PCB CONSTRUCT: 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.
PCB CONSTRUCT
Largest movements
- Receivables within one year +€97,906
up €97,906 (+42.1%), from €232,509 to €330,415
of which Other amounts receivable: +€110,289
- Cash -€6,264
down €6,264 (-95.4%), from €6,564 to €300
mainly Receivables within one year (-€97,906) and Trade debts (-€64,650)
- Tax, wage and social debts +€153,928
up €153,928 (+13555.7%), from €1,136 to €155,064
of which Taxes: +€134,518
- Trade debts -€64,650
down €64,650 (-56.8%), from €113,887 to €49,237
- Short-term financial debts -€15,988
down €15,988 (-88.6%), from €18,037 to €2,048
- Other debts +€11,030
up €11,030 (+33.9%), from €32,560 to €43,590
- Profit (loss) carried forward +€8,629
up €8,629 (+10.4%), from €82,950 to €91,580
- Turnover -€307,566
down €307,566 (-27.5%), from €1.1m to €812,039
- Purchases and services -€260,082
down €260,082 (-24.8%), from €1.1m to €790,025
- Gross operating margin -€63,063
down €63,063 (-61.0%), from €103,431 to €40,368
- Staff costs -€16,948
down €16,948 (-74.1%), from €22,876 to €5,928
- Other operating charges -€13,583
down €13,583 (-85.1%), from €15,964 to €2,381
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 | €258,167 | €350,603 | +€92,436 | +35.8% |
| Fixed assets | 21/28 | €15,373 | €14,836 | -€536 | -3.5% |
| Intangible fixed assets | 21 | €5,513 | €6,164 | +€652 | +11.8% |
| Tangible fixed assets | 22/27 | €9,860 | €8,672 | -€1,188 | -12.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €9,860 | €8,672 | -€1,188 | -12.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €242,795 | €335,767 | +€92,972 | +38.3% |
| Amounts receivable within one year | 40/41 | €232,509 | €330,415 | +€97,906 | +42.1% |
| Trade receivables | 40 | €217,348 | €204,966 | -€12,382 | -5.7% |
| Other amounts receivable | 41 | €15,161 | €125,450 | +€110,289 | +727.4% |
| Cash at bank and in hand | 54/58 | €6,564 | €300 | -€6,264 | -95.4% |
| Deferred charges and accrued income | 490/1 | €3,721 | €5,051 | +€1,330 | +35.7% |
| Total equity and liabilities | 10/49 | €258,167 | €350,603 | +€92,436 | +35.8% |
| Equity | 10/15 | €92,010 | €100,640 | +€8,629 | +9.4% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,950 | €91,580 | +€8,629 | +10.4% |
| Amounts payable | 17/49 | €166,157 | €249,964 | +€83,806 | +50.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €165,619 | €249,938 | +€84,319 | +50.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €18,037 | €2,048 | -€15,988 | -88.6% |
| Credit institutions | 430/8 | €18,037 | €2,048 | -€15,988 | -88.6% |
| Trade debts | 44 | €113,887 | €49,237 | -€64,650 | -56.8% |
| Suppliers | 440/4 | €113,887 | €49,237 | -€64,650 | -56.8% |
| Taxes, remuneration and social security | 45 | €1,136 | €155,064 | +€153,928 | +13555.7% |
| Taxes | 450/3 | €1,136 | €135,653 | +€134,518 | +11846.4% |
| Remuneration and social security | 454/9 | €0 | €19,410 | +€19,410 | |
| Other amounts payable | 47/48 | €32,560 | €43,590 | +€11,030 | +33.9% |
| Accrued charges and deferred income | 492/3 | €538 | €25 | -€513 | -95.3% |
| Turnover | 70 | €1,119,605 | €812,039 | -€307,566 | -27.5% |
| Non-recurring operating income | 76A | €19,008 | - | -€19,008 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,050,107 | €790,025 | -€260,082 | -24.8% |
| Remuneration, social security and pensions | 62 | €22,876 | €5,928 | -€16,948 | -74.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,999 | €9,246 | +€1,248 | +15.6% |
| Other operating charges | 640/8 | €15,964 | €2,381 | -€13,583 | -85.1% |
| Gross operating margin | 9900 | €103,431 | €40,368 | -€63,063 | -61.0% |
| Operating profit (loss) | 9901 | €56,593 | €22,813 | -€33,780 | -59.7% |
| Financial income | 75/76B | €287 | €619 | +€332 | +115.5% |
| Recurring financial income | 75 | €287 | €619 | +€332 | +115.5% |
| Financial charges | 65/66B | €914 | €6,558 | +€5,644 | +617.3% |
| Recurring financial charges | 65 | €914 | €6,558 | +€5,644 | +617.3% |
| Profit (loss) for the period before taxes | 9903 | €55,966 | €16,875 | -€39,091 | -69.8% |
| Profit (loss) for the period | 9904 | €55,966 | €16,875 | -€39,091 | -69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,966 | €16,875 | -€39,091 | -69.8% |
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 10 October 2026 via checked.be.