PCHB: 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.
PCHB
Largest movements
- Current investments -€321,654
down €321,654 (-47.9%), from €671,654 to €350,000
- Stocks and contracts +€303,958
up €303,958 (+55.7%), from €545,386 to €849,344
- Receivables within one year +€227,850
up €227,850 (+164.5%), from €138,550 to €366,400
of which Trade receivables: +€226,819
- Tangible fixed assets -€190,294
down €190,294 (-21.0%), from €907,890 to €717,596
of which Land and buildings: -€187,449
- Cash -€104,797
down €104,797 (-68.6%), from €152,731 to €47,934
mainly Stocks and contracts (-€303,958) and Receivables within one year (-€227,850)
- Trade debts -€90,755
down €90,755 (-43.5%), from €208,818 to €118,063
- Gross operating margin -€315,149
down €315,149 (-57.4%), from €548,887 to €233,738
- Taxes -€75,280
down €75,280 (-99.0%), from €76,077 to €796
- Other operating charges -€20,352
down €20,352 (-57.3%), from €35,512 to €15,161
- Financial income -€8,311
down €8,311 (-32.4%), from €25,677 to €17,367
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 | €2,418,887 | €2,331,559 | -€87,328 | -3.6% |
| Fixed assets | 21/28 | €908,069 | €717,775 | -€190,294 | -21.0% |
| Tangible fixed assets | 22/27 | €907,890 | €717,596 | -€190,294 | -21.0% |
| Land and buildings | 22 | €901,852 | €714,403 | -€187,449 | -20.8% |
| Plant, machinery and equipment | 23 | €1,230 | €656 | -€574 | -46.7% |
| Furniture and vehicles | 24 | €4,808 | €2,537 | -€2,271 | -47.2% |
| Financial fixed assets | 28 | €179 | €179 | = | 0.0% |
| Current assets | 29/58 | €1,510,818 | €1,613,784 | +€102,966 | +6.8% |
| Stocks and contracts in progress | 3 | €545,386 | €849,344 | +€303,958 | +55.7% |
| Stocks | 30/36 | €545,386 | €849,344 | +€303,958 | +55.7% |
| Amounts receivable within one year | 40/41 | €138,550 | €366,400 | +€227,850 | +164.5% |
| Trade receivables | 40 | €107,875 | €334,694 | +€226,819 | +210.3% |
| Other amounts receivable | 41 | €30,676 | €31,706 | +€1,031 | +3.4% |
| Current investments | 50/53 | €671,654 | €350,000 | -€321,654 | -47.9% |
| Cash at bank and in hand | 54/58 | €152,731 | €47,934 | -€104,797 | -68.6% |
| Deferred charges and accrued income | 490/1 | €2,497 | €107 | -€2,390 | -95.7% |
| Total equity and liabilities | 10/49 | €2,418,887 | €2,331,559 | -€87,328 | -3.6% |
| Equity | 10/15 | €2,198,721 | €2,200,876 | +€2,155 | +0.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,178,721 | €2,180,876 | +€2,155 | +0.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,178,721 | €2,180,876 | +€2,155 | +0.1% |
| Amounts payable | 17/49 | €220,166 | €130,683 | -€89,483 | -40.6% |
| Amounts payable within one year | 42/48 | €219,463 | €130,651 | -€88,812 | -40.5% |
| Trade debts | 44 | €208,818 | €118,063 | -€90,755 | -43.5% |
| Suppliers | 440/4 | €208,818 | €118,063 | -€90,755 | -43.5% |
| Taxes, remuneration and social security | 45 | €4,015 | €4,829 | +€814 | +20.3% |
| Taxes | 450/3 | - | €122 | +€122 | |
| Remuneration and social security | 454/9 | €4,015 | €4,707 | +€692 | +17.2% |
| Other amounts payable | 47/48 | €6,630 | €7,760 | +€1,130 | +17.0% |
| Accrued charges and deferred income | 492/3 | €703 | €32 | -€671 | -95.4% |
| Remuneration, social security and pensions | 62 | €45,560 | €40,545 | -€5,015 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,104 | €192,412 | -€692 | -0.4% |
| Other operating charges | 640/8 | €35,512 | €15,161 | -€20,352 | -57.3% |
| Gross operating margin | 9900 | €548,887 | €233,738 | -€315,149 | -57.4% |
| Operating profit (loss) | 9901 | €274,711 | -€14,380 | -€289,091 | |
| Financial income | 75/76B | €25,677 | €17,367 | -€8,311 | -32.4% |
| Recurring financial income | 75 | €25,677 | €17,367 | -€8,311 | -32.4% |
| Financial charges | 65/66B | €49 | €35 | -€14 | -28.6% |
| Recurring financial charges | 65 | €49 | €35 | -€14 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €300,339 | €2,952 | -€297,387 | -99.0% |
| Income taxes | 67/77 | €76,077 | €796 | -€75,280 | -99.0% |
| Profit (loss) for the period | 9904 | €224,262 | €2,155 | -€222,107 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €224,262 | €2,155 | -€222,107 | -99.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.