PCH-BLC: 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.
PCH-BLC
Largest movements
- Cash +€31,892
up €31,892 (+48.6%), from €65,655 to €97,548
mainly Net result for the year (+€20,557) and Receivables within one year (+€5,419)
- Receivables within one year -€5,419
down €5,419 (-44.1%), from €12,282 to €6,863
of which Trade receivables: -€8,511
- Profit (loss) carried forward +€20,557
up €20,557 (+31.7%), from €64,776 to €85,332
- Other debts +€4,222
up €4,222 (+343.6%), from €1,229 to €5,451
- Trade debts +€2,020
up €2,020 (+79.1%), from €2,554 to €4,574
- Gross operating margin -€4,349
down €4,349 (-14.2%), from €30,663 to €26,315
- Taxes -€746
down €746 (-11.8%), from €6,317 to €5,571
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 | €77,937 | €104,410 | +€26,473 | +34.0% |
| Current assets | 29/58 | €77,937 | €104,410 | +€26,473 | +34.0% |
| Amounts receivable within one year | 40/41 | €12,282 | €6,863 | -€5,419 | -44.1% |
| Trade receivables | 40 | €8,511 | - | -€8,511 | |
| Other amounts receivable | 41 | €3,771 | €6,863 | +€3,092 | +82.0% |
| Cash at bank and in hand | 54/58 | €65,655 | €97,548 | +€31,892 | +48.6% |
| Total equity and liabilities | 10/49 | €77,937 | €104,410 | +€26,473 | +34.0% |
| Equity | 10/15 | €65,276 | €85,832 | +€20,557 | +31.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Capital | 10 | €500 | €500 | = | 0.0% |
| Issued capital | 100 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,776 | €85,332 | +€20,557 | +31.7% |
| Amounts payable | 17/49 | €12,662 | €18,578 | +€5,916 | +46.7% |
| Amounts payable within one year | 42/48 | €12,662 | €18,578 | +€5,916 | +46.7% |
| Trade debts | 44 | €2,554 | €4,574 | +€2,020 | +79.1% |
| Suppliers | 440/4 | €2,554 | €4,574 | +€2,020 | +79.1% |
| Taxes, remuneration and social security | 45 | €8,879 | €8,554 | -€325 | -3.7% |
| Taxes | 450/3 | €5,379 | €5,815 | +€436 | +8.1% |
| Remuneration and social security | 454/9 | €3,500 | €2,739 | -€761 | -21.8% |
| Other amounts payable | 47/48 | €1,229 | €5,451 | +€4,222 | +343.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46 | - | -€46 | |
| Other operating charges | 640/8 | €188 | €1 | -€187 | -99.5% |
| Gross operating margin | 9900 | €30,663 | €26,315 | -€4,349 | -14.2% |
| Operating profit (loss) | 9901 | €30,430 | €26,313 | -€4,116 | -13.5% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €48 | €191 | +€143 | +298.1% |
| Recurring financial charges | 65 | €48 | €191 | +€143 | +298.1% |
| Profit (loss) for the period before taxes | 9903 | €30,382 | €26,127 | -€4,254 | -14.0% |
| Income taxes | 67/77 | €6,317 | €5,571 | -€746 | -11.8% |
| Profit (loss) for the period | 9904 | €24,065 | €20,557 | -€3,508 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,065 | €20,557 | -€3,508 | -14.6% |
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 4 October 2026 via checked.be.