PCB Solutions: 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 Solutions
Largest movements
- Receivables within one year +€26,423
up €26,423 (+54.3%), from €48,695 to €75,118
of which Trade receivables: +€27,396
- Intangible fixed assets -€10,755
down €10,755 (-59.1%), from €18,208 to €7,454
- Tangible fixed assets -€7,607
down €7,607 (-18.1%), from €42,105 to €34,498
of which Plant, machinery and equipment: -€4,070
- Stocks and contracts +€4,614
up €4,614 (+3.5%), from €133,648 to €138,262
- Trade debts -€42,834
down €42,834 (-81.1%), from €52,794 to €9,960
- Other debts +€38,605
up €38,605 (+184%), from €20,990 to €59,595
- Profit (loss) carried forward +€26,138
up €26,138 (+21.4%), from -€122,130 to -€95,992
- Debts after one year -€19,876
down €19,876 (-57.9%), from €34,347 to €14,471
- Tax, wage and social debts +€10,422
up €10,422 (+33.0%), from €31,563 to €41,985
of which Taxes: +€11,895
- Gross operating margin +€94,155
up €94,155 (+93.9%), from €100,314 to €194,469
- Staff costs -€21,783
down €21,783 (-13.8%), from €157,347 to €135,564
- Depreciation +€7,905
up €7,905 (+75.6%), from €10,457 to €18,362
- Financial charges +€5,820
up €5,820 (+64.1%), from €9,078 to €14,898
- Taxes -€4,859
down €4,859 (-97.2%), from €5,000 to €141
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 | €247,396 | €260,756 | +€13,360 | +5.4% |
| Fixed assets | 21/28 | €60,314 | €41,952 | -€18,362 | -30.4% |
| Intangible fixed assets | 21 | €18,208 | €7,454 | -€10,755 | -59.1% |
| Tangible fixed assets | 22/27 | €42,105 | €34,498 | -€7,607 | -18.1% |
| Plant, machinery and equipment | 23 | €34,917 | €30,848 | -€4,070 | -11.7% |
| Furniture and vehicles | 24 | €7,188 | €3,650 | -€3,538 | -49.2% |
| Current assets | 29/58 | €187,083 | €218,805 | +€31,722 | +17.0% |
| Stocks and contracts in progress | 3 | €133,648 | €138,262 | +€4,614 | +3.5% |
| Stocks | 30/36 | €133,648 | €138,262 | +€4,614 | +3.5% |
| Amounts receivable within one year | 40/41 | €48,695 | €75,118 | +€26,423 | +54.3% |
| Trade receivables | 40 | €47,722 | €75,118 | +€27,396 | +57.4% |
| Other amounts receivable | 41 | €973 | €0 | -€973 | -100% |
| Cash at bank and in hand | 54/58 | €0 | €0 | -€0 | -100% |
| Deferred charges and accrued income | 490/1 | €4,739 | €5,424 | +€685 | +14.5% |
| Total equity and liabilities | 10/49 | €247,396 | €260,756 | +€13,360 | +5.4% |
| Equity | 10/15 | -€62,730 | -€36,591 | +€26,138 | +41.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,201 | €53,201 | = | 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% |
| Distributable reserves | 133 | €51,341 | €51,341 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,130 | -€95,992 | +€26,138 | +21.4% |
| Amounts payable | 17/49 | €310,126 | €297,348 | -€12,778 | -4.1% |
| Amounts payable after more than one year | 17 | €34,347 | €14,471 | -€19,876 | -57.9% |
| Financial debts | 170/4 | €34,347 | €14,471 | -€19,876 | -57.9% |
| Amounts payable within one year | 42/48 | €274,115 | €282,877 | +€8,762 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €39,616 | €33,244 | -€6,372 | -16.1% |
| Financial debts | 43 | €129,151 | €138,092 | +€8,941 | +6.9% |
| Credit institutions | 430/8 | €129,151 | €138,092 | +€8,941 | +6.9% |
| Trade debts | 44 | €52,794 | €9,960 | -€42,834 | -81.1% |
| Suppliers | 440/4 | €52,794 | €9,960 | -€42,834 | -81.1% |
| Taxes, remuneration and social security | 45 | €31,563 | €41,985 | +€10,422 | +33.0% |
| Taxes | 450/3 | €5,976 | €17,871 | +€11,895 | +199% |
| Remuneration and social security | 454/9 | €25,587 | €24,114 | -€1,473 | -5.8% |
| Other amounts payable | 47/48 | €20,990 | €59,595 | +€38,605 | +184% |
| Accrued charges and deferred income | 492/3 | €1,664 | €0 | -€1,664 | -100% |
| Remuneration, social security and pensions | 62 | €157,347 | €135,564 | -€21,783 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,457 | €18,362 | +€7,905 | +75.6% |
| Other operating charges | 640/8 | €1,279 | €711 | -€567 | -44.4% |
| Non-recurring operating charges | 66A | €18,488 | €0 | -€18,488 | -100% |
| Gross operating margin | 9900 | €100,314 | €194,469 | +€94,155 | +93.9% |
| Operating profit (loss) | 9901 | -€87,257 | €39,832 | +€127,089 | |
| Financial income | 75/76B | €217 | €1,345 | +€1,129 | +521% |
| Recurring financial income | 75 | €217 | €1,345 | +€1,129 | +521% |
| Financial charges | 65/66B | €9,078 | €14,898 | +€5,820 | +64.1% |
| Recurring financial charges | 65 | €9,078 | €14,898 | +€5,820 | +64.1% |
| Profit (loss) for the period before taxes | 9903 | -€96,119 | €26,279 | +€122,398 | |
| Income taxes | 67/77 | €5,000 | €141 | -€4,859 | -97.2% |
| Profit (loss) for the period | 9904 | -€101,119 | €26,138 | +€127,257 | |
| Profit (loss) for the period to be appropriated | 9905 | -€101,119 | €26,138 | +€127,257 |
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 17 October 2026 via checked.be.