PCB PIEZOTRONICS: 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 PIEZOTRONICS
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+444.1%), from €303,417 to €1.7m
of which Trade receivables: +€1.3m
- Cash -€589,911
down €589,911 (-78.2%), from €754,718 to €164,807
mainly Receivables within one year (-€1.3m) and Tax, wage and social debts (-€14,200)
- Profit (loss) carried forward +€770,442
up €770,442 (+81.4%), from €946,074 to €1.7m
- Gross operating margin -€231,297
down €231,297 (-15.5%), from €1.5m to €1.3m
- Taxes -€55,565
down €55,565 (-17.7%), from €314,721 to €259,156
- Staff costs -€22,974
down €22,974 (-10.1%), from €226,886 to €203,912
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 | €1,075,424 | €1,836,344 | +€760,920 | +70.8% |
| Fixed assets | 21/28 | €6,001 | €6,925 | +€924 | +15.4% |
| Tangible fixed assets | 22/27 | €2,826 | €3,750 | +€924 | +32.7% |
| Furniture and vehicles | 24 | €2,826 | €3,750 | +€924 | +32.7% |
| Financial fixed assets | 28 | €3,175 | €3,175 | = | 0.0% |
| Current assets | 29/58 | €1,069,423 | €1,829,419 | +€759,996 | +71.1% |
| Amounts receivable within one year | 40/41 | €303,417 | €1,650,989 | +€1.3m | +444.1% |
| Trade receivables | 40 | €284,699 | €1,630,862 | +€1.3m | +472.8% |
| Other amounts receivable | 41 | €18,718 | €20,126 | +€1,409 | +7.5% |
| Cash at bank and in hand | 54/58 | €754,718 | €164,807 | -€589,911 | -78.2% |
| Deferred charges and accrued income | 490/1 | €11,288 | €13,623 | +€2,335 | +20.7% |
| Total equity and liabilities | 10/49 | €1,075,424 | €1,836,344 | +€760,920 | +70.8% |
| Equity | 10/15 | €968,074 | €1,738,516 | +€770,442 | +79.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €946,074 | €1,716,516 | +€770,442 | +81.4% |
| Amounts payable | 17/49 | €107,350 | €97,828 | -€9,522 | -8.9% |
| Amounts payable within one year | 42/48 | €107,350 | €97,828 | -€9,522 | -8.9% |
| Trade debts | 44 | €4,994 | €9,672 | +€4,678 | +93.7% |
| Suppliers | 440/4 | €4,994 | €9,672 | +€4,678 | +93.7% |
| Taxes, remuneration and social security | 45 | €102,355 | €88,156 | -€14,200 | -13.9% |
| Taxes | 450/3 | - | €4,156 | +€4,156 | |
| Remuneration and social security | 454/9 | €102,355 | €84,000 | -€18,355 | -17.9% |
| Remuneration, social security and pensions | 62 | €226,886 | €203,912 | -€22,974 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,813 | €1,963 | -€850 | -30.2% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | - | €16,621 | +€16,621 | |
| Gross operating margin | 9900 | €1,492,583 | €1,261,286 | -€231,297 | -15.5% |
| Operating profit (loss) | 9901 | €1,261,917 | €1,037,792 | -€224,125 | -17.8% |
| Financial income | 75/76B | €413 | - | -€413 | |
| Recurring financial income | 75 | €413 | - | -€413 | |
| Financial charges | 65/66B | €5,925 | €8,194 | +€2,269 | +38.3% |
| Recurring financial charges | 65 | €5,925 | €8,194 | +€2,269 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €1,256,405 | €1,029,598 | -€226,807 | -18.1% |
| Income taxes | 67/77 | €314,721 | €259,156 | -€55,565 | -17.7% |
| Profit (loss) for the period | 9904 | €941,684 | €770,442 | -€171,242 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €941,684 | €770,442 | -€171,242 | -18.2% |
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 12 October 2026 via checked.be.