PCG GROUP: 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.
PCG GROUP
Largest movements
- Tangible fixed assets -€53,547
down €53,547 (-31.5%), from €169,982 to €116,435
of which Furniture and vehicles: -€46,705
- Stocks and contracts -€10,000
down €10,000 (-15.4%), from €65,000 to €55,000
- Cash +€4,310
up €4,310 (+40.1%), from €10,758 to €15,067
mainly Investment in fixed assets (net) (+€43,396) and Net result for the year (+€37,150)
- Debts after one year -€40,167
down €40,167 (-30.7%), from €130,964 to €90,797
- Profit (loss) carried forward +€37,150
up €37,150, from -€27,742 to €9,408
- Current portion of long-term debt -€23,794
down €23,794 (-61.4%), from €38,782 to €14,988
- Other debts -€19,872
down €19,872 (-19.4%), from €102,367 to €82,494
- Trade debts -€10,796
down €10,796 (-70.3%), from €15,353 to €4,557
- Gross operating margin +€122,954
up €122,954, from -€72,788 to €50,166
- Depreciation -€17,869
down €17,869 (-63.8%), from €28,020 to €10,151
- Financial income +€10,000
new in 2025: €10,000
of which Financial income: +€10,000
- Other operating charges -€3,405
down €3,405 (-26.4%), from €12,881 to €9,476
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 | €299,240 | €241,761 | -€57,479 | -19.2% |
| Fixed assets | 21/28 | €169,982 | €116,435 | -€53,547 | -31.5% |
| Tangible fixed assets | 22/27 | €169,982 | €116,435 | -€53,547 | -31.5% |
| Land and buildings | 22 | €118,168 | €112,343 | -€5,825 | -4.9% |
| Plant, machinery and equipment | 23 | €3,116 | €2,099 | -€1,018 | -32.7% |
| Furniture and vehicles | 24 | €48,697 | €1,993 | -€46,705 | -95.9% |
| Current assets | 29/58 | €129,258 | €125,326 | -€3,932 | -3.0% |
| Stocks and contracts in progress | 3 | €65,000 | €55,000 | -€10,000 | -15.4% |
| Stocks | 30/36 | €65,000 | €55,000 | -€10,000 | -15.4% |
| Amounts receivable within one year | 40/41 | €53,236 | €55,259 | +€2,023 | +3.8% |
| Trade receivables | 40 | €551 | - | -€551 | |
| Other amounts receivable | 41 | €52,685 | €55,259 | +€2,574 | +4.9% |
| Cash at bank and in hand | 54/58 | €10,758 | €15,067 | +€4,310 | +40.1% |
| Deferred charges and accrued income | 490/1 | €264 | - | -€264 | |
| Total equity and liabilities | 10/49 | €299,240 | €241,761 | -€57,479 | -19.2% |
| Equity | 10/15 | -€7,282 | €29,868 | +€37,150 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | -€27,742 | €9,408 | +€37,150 | |
| Amounts payable | 17/49 | €306,522 | €211,892 | -€94,629 | -30.9% |
| Amounts payable after more than one year | 17 | €130,964 | €90,797 | -€40,167 | -30.7% |
| Financial debts | 170/4 | €130,964 | €90,797 | -€40,167 | -30.7% |
| Amounts payable within one year | 42/48 | €175,558 | €121,096 | -€54,462 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €38,782 | €14,988 | -€23,794 | -61.4% |
| Trade debts | 44 | €15,353 | €4,557 | -€10,796 | -70.3% |
| Suppliers | 440/4 | €15,353 | €4,557 | -€10,796 | -70.3% |
| Taxes, remuneration and social security | 45 | €19,057 | €19,057 | = | 0.0% |
| Taxes | 450/3 | €2,379 | €2,379 | = | 0.0% |
| Remuneration and social security | 454/9 | €16,678 | €16,678 | = | 0.0% |
| Other amounts payable | 47/48 | €102,367 | €82,494 | -€19,872 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,020 | €10,151 | -€17,869 | -63.8% |
| Other operating charges | 640/8 | €12,881 | €9,476 | -€3,405 | -26.4% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | -€72,788 | €50,166 | +€122,954 | |
| Operating profit (loss) | 9901 | -€113,939 | €30,538 | +€144,478 | |
| Financial income | 75/76B | - | €10,000 | +€10,000 | |
| Recurring financial income | 75 | - | €10,000 | +€10,000 | |
| Non-recurring financial income | 76B | - | €10,000 | +€10,000 | |
| Financial charges | 65/66B | €2,584 | €2,771 | +€187 | +7.3% |
| Recurring financial charges | 65 | €2,584 | €2,771 | +€187 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€116,523 | €37,767 | +€154,290 | |
| Income taxes | 67/77 | - | €617 | +€617 | |
| Profit (loss) for the period | 9904 | -€116,523 | €37,150 | +€153,674 | |
| Profit (loss) for the period to be appropriated | 9905 | -€116,523 | €37,150 | +€153,674 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.