PCD-SERVICES: 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.
PCD-SERVICES
Largest movements
- Cash -€65,341
down €65,341 (-56.0%), from €116,684 to €51,343
- Tangible fixed assets -€37,658
down €37,658 (-72.9%), from €51,646 to €13,988
of which Furniture and vehicles: -€33,514
- Receivables within one year +€30,460
up €30,460 (+15.6%), from €195,153 to €225,613
of which Trade receivables: +€35,719
- Financial fixed assets +€8,400
new in 2025: €8,400
- Other debts -€106,127
down €106,127 (-99.9%), from €106,250 to €123
- Trade debts +€57,568
up €57,568 (+75.4%), from €76,395 to €133,964
of which Suppliers: +€61,041
- Debts after one year -€19,209
down €19,209 (-72.2%), from €26,617 to €7,408
- Profit (loss) carried forward +€15,893
up €15,893 (+15.2%), from €104,689 to €120,582
- Tax, wage and social debts -€8,777
down €8,777 (-28.5%), from €30,847 to €22,070
of which Taxes: -€9,515
- Purchases and services +€984,834
up €984,834 (+298.2%), from €330,240 to €1.3m
- Gross operating margin +€49,435
up €49,435 (+48.4%), from €102,038 to €151,472
- Other operating charges +€45,172
up €45,172 (+389.9%), from €11,586 to €56,758
- Depreciation +€31,078
up €31,078 (+254.5%), from €12,212 to €43,290
- Staff costs +€17,307
new in 2025: €17,307
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €364,776 | €299,344 | -€65,433 | -17.9% |
| Fixed assets | 21/28 | €51,646 | €22,388 | -€29,258 | -56.7% |
| Tangible fixed assets | 22/27 | €51,646 | €13,988 | -€37,658 | -72.9% |
| Plant, machinery and equipment | 23 | €16,565 | €12,421 | -€4,145 | -25.0% |
| Furniture and vehicles | 24 | €35,081 | €1,567 | -€33,514 | -95.5% |
| Financial fixed assets | 28 | - | €8,400 | +€8,400 | |
| Current assets | 29/58 | €313,130 | €276,956 | -€36,174 | -11.6% |
| Amounts receivable within one year | 40/41 | €195,153 | €225,613 | +€30,460 | +15.6% |
| Trade receivables | 40 | €109,546 | €145,265 | +€35,719 | +32.6% |
| Other amounts receivable | 41 | €85,607 | €80,348 | -€5,259 | -6.1% |
| Cash at bank and in hand | 54/58 | €116,684 | €51,343 | -€65,341 | -56.0% |
| Deferred charges and accrued income | 490/1 | €1,293 | - | -€1,293 | |
| Total equity and liabilities | 10/49 | €364,776 | €299,344 | -€65,433 | -17.9% |
| Equity | 10/15 | €107,439 | €123,332 | +€15,893 | +14.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,689 | €120,582 | +€15,893 | +15.2% |
| Amounts payable | 17/49 | €257,337 | €176,012 | -€81,326 | -31.6% |
| Amounts payable after more than one year | 17 | €26,617 | €7,408 | -€19,209 | -72.2% |
| Financial debts | 170/4 | €26,617 | €7,408 | -€19,209 | -72.2% |
| Amounts payable within one year | 42/48 | €230,721 | €168,604 | -€62,117 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €17,228 | €12,448 | -€4,780 | -27.7% |
| Trade debts | 44 | €76,395 | €133,964 | +€57,568 | +75.4% |
| Suppliers | 440/4 | €72,923 | €133,964 | +€61,041 | +83.7% |
| Bills of exchange payable | 441 | €3,473 | - | -€3,473 | |
| Taxes, remuneration and social security | 45 | €30,847 | €22,070 | -€8,777 | -28.5% |
| Taxes | 450/3 | €30,847 | €21,332 | -€9,515 | -30.8% |
| Remuneration and social security | 454/9 | - | €738 | +€738 | |
| Other amounts payable | 47/48 | €106,250 | €123 | -€106,127 | -99.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €330,240 | €1,315,074 | +€984,834 | +298.2% |
| Remuneration, social security and pensions | 62 | - | €17,307 | +€17,307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,212 | €43,290 | +€31,078 | +254.5% |
| Other operating charges | 640/8 | €11,586 | €56,758 | +€45,172 | +389.9% |
| Gross operating margin | 9900 | €102,038 | €151,472 | +€49,435 | +48.4% |
| Operating profit (loss) | 9901 | €78,239 | €34,117 | -€44,123 | -56.4% |
| Financial income | 75/76B | €4,386 | €44 | -€4,341 | -99.0% |
| Recurring financial income | 75 | €4,386 | €44 | -€4,341 | -99.0% |
| Financial charges | 65/66B | €1,292 | €4,371 | +€3,079 | +238.3% |
| Recurring financial charges | 65 | €1,292 | €4,371 | +€3,079 | +238.3% |
| Profit (loss) for the period before taxes | 9903 | €81,333 | €29,790 | -€51,543 | -63.4% |
| Income taxes | 67/77 | €15,804 | €13,897 | -€1,907 | -12.1% |
| Profit (loss) for the period | 9904 | €65,529 | €15,893 | -€49,636 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,529 | €15,893 | -€49,636 | -75.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 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.