PCEcad: what changed
Two fiscal 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.
PCEcad
Largest movements
- Cash -€46,720
down €46,720 (-57.7%), from €80,919 to €34,200
mainly Contributions, distributions and other (-€112,178) and Tax, wage and social debts (-€20,224)
- Receivables within one year -€4,533
down €4,533 (-21.2%), from €21,405 to €16,872
- Tangible fixed assets -€3,618
down €3,618 (-45.3%), from €7,984 to €4,366
of which Furniture and vehicles: -€1,885
- Reserves -€70,376
down €70,376 (-91.2%), from €77,178 to €6,802
- Other debts +€35,000
up €35,000 (+123674.9%), from €28 to €35,028
- Tax, wage and social debts -€20,224
down €20,224 (-66.0%), from €30,642 to €10,418
of which Remuneration and social security: -€24,352
- Trade debts +€1,175
up €1,175 (+1520.8%), from €77 to €1,252
- Gross operating margin +€14,402
up €14,402 (+33.8%), from €42,644 to €57,046
- Depreciation -€5,743
down €5,743 (-61.3%), from €9,361 to €3,618
- Taxes +€3,879
up €3,879 (+49.7%), from €7,811 to €11,689
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 | €111,006 | €56,616 | -€54,390 | -49.0% |
| Fixed assets | 21/28 | €7,984 | €4,366 | -€3,618 | -45.3% |
| Tangible fixed assets | 22/27 | €7,984 | €4,366 | -€3,618 | -45.3% |
| Plant, machinery and equipment | 23 | €3,088 | €1,420 | -€1,668 | -54.0% |
| Furniture and vehicles | 24 | €4,831 | €2,946 | -€1,885 | -39.0% |
| Other tangible fixed assets | 26 | €65 | €0 | -€65 | -100.0% |
| Current assets | 29/58 | €103,022 | €52,250 | -€50,772 | -49.3% |
| Amounts receivable within one year | 40/41 | €21,405 | €16,872 | -€4,533 | -21.2% |
| Trade receivables | 40 | €21,405 | €16,872 | -€4,533 | -21.2% |
| Cash at bank and in hand | 54/58 | €80,919 | €34,200 | -€46,720 | -57.7% |
| Deferred charges and accrued income | 490/1 | €698 | €1,178 | +€480 | +68.9% |
| Total equity and liabilities | 10/49 | €111,006 | €56,616 | -€54,390 | -49.0% |
| Equity | 10/15 | €80,178 | €9,802 | -€70,376 | -87.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €77,178 | €6,802 | -€70,376 | -91.2% |
| Distributable reserves | 133 | €77,178 | €6,802 | -€70,376 | -91.2% |
| Amounts payable | 17/49 | €30,829 | €46,814 | +€15,986 | +51.9% |
| Amounts payable within one year | 42/48 | €30,748 | €46,698 | +€15,950 | +51.9% |
| Trade debts | 44 | €77 | €1,252 | +€1,175 | +1520.8% |
| Suppliers | 440/4 | €77 | €1,252 | +€1,175 | +1520.8% |
| Taxes, remuneration and social security | 45 | €30,642 | €10,418 | -€20,224 | -66.0% |
| Taxes | 450/3 | €6,290 | €10,418 | +€4,127 | +65.6% |
| Remuneration and social security | 454/9 | €24,352 | - | -€24,352 | |
| Other amounts payable | 47/48 | €28 | €35,028 | +€35,000 | +123674.9% |
| Accrued charges and deferred income | 492/3 | €81 | €117 | +€35 | +43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,361 | €3,618 | -€5,743 | -61.3% |
| Other operating charges | 640/8 | €774 | €792 | +€18 | +2.4% |
| Gross operating margin | 9900 | €42,644 | €57,046 | +€14,402 | +33.8% |
| Operating profit (loss) | 9901 | €32,509 | €52,636 | +€20,127 | +61.9% |
| Financial income | 75/76B | €644 | €1,006 | +€362 | +56.2% |
| Recurring financial income | 75 | €644 | €1,006 | +€362 | +56.2% |
| Financial charges | 65/66B | €145 | €151 | +€6 | +4.3% |
| Recurring financial charges | 65 | €145 | €151 | +€6 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €33,008 | €53,491 | +€20,482 | +62.1% |
| Income taxes | 67/77 | €7,811 | €11,689 | +€3,879 | +49.7% |
| Profit (loss) for the period | 9904 | €25,198 | €41,802 | +€16,604 | +65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,198 | €41,802 | +€16,604 | +65.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.