PCJ2: 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.
PCJ2
Largest movements
- Deferred charges and accrued income +€28,925
up €28,925 (+116%), from €24,952 to €53,877
- Cash +€15,205
up €15,205 (+186%), from €8,190 to €23,396
mainly Net result for the year (+€38,945) and Depreciation (+€7,917)
- Tangible fixed assets -€6,959
down €6,959 (-28.6%), from €24,373 to €17,414
- Receivables within one year +€1,000
new in 2025: €1,000
- Profit (loss) carried forward +€37,755
up €37,755 (+747%), from €5,053 to €42,808
- Tax, wage and social debts +€7,723
up €7,723 (+70.3%), from €10,987 to €18,710
- Debts after one year -€4,433
down €4,433 (-74.6%), from €5,946 to €1,513
- Trade debts -€3,997
down €3,997 (-76.1%), from €5,250 to €1,253
- Other debts +€968
up €968 (+4.4%), from €22,003 to €22,970
- Gross operating margin +€38,223
up €38,223 (+168%), from €22,697 to €60,919
- Taxes +€7,132
up €7,132 (+155%), from €4,597 to €11,729
- Depreciation -€1,847
down €1,847 (-18.9%), from €9,764 to €7,917
- Financial charges +€960
up €960 (+127%), from €755 to €1,715
- Other operating charges -€667
down €667 (-51.3%), from €1,300 to €633
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.
Derived cash bridge
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 | €57,516 | €95,687 | +€38,171 | +66.4% |
| Fixed assets | 21/28 | €24,373 | €17,414 | -€6,959 | -28.6% |
| Tangible fixed assets | 22/27 | €24,373 | €17,414 | -€6,959 | -28.6% |
| Furniture and vehicles | 24 | €24,373 | €17,414 | -€6,959 | -28.6% |
| Current assets | 29/58 | €33,143 | €78,273 | +€45,130 | +136% |
| Amounts receivable within one year | 40/41 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €8,190 | €23,396 | +€15,205 | +186% |
| Deferred charges and accrued income | 490/1 | €24,952 | €53,877 | +€28,925 | +116% |
| Total equity and liabilities | 10/49 | €57,516 | €95,687 | +€38,171 | +66.4% |
| Equity | 10/15 | €9,053 | €46,808 | +€37,755 | +417% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,053 | €42,808 | +€37,755 | +747% |
| Amounts payable | 17/49 | €48,463 | €48,879 | +€416 | +0.9% |
| Amounts payable after more than one year | 17 | €5,946 | €1,513 | -€4,433 | -74.6% |
| Financial debts | 170/4 | €5,946 | €1,513 | -€4,433 | -74.6% |
| Amounts payable within one year | 42/48 | €42,516 | €47,366 | +€4,849 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €4,277 | €4,433 | +€156 | +3.6% |
| Trade debts | 44 | €5,250 | €1,253 | -€3,997 | -76.1% |
| Suppliers | 440/4 | €5,250 | €1,253 | -€3,997 | -76.1% |
| Taxes, remuneration and social security | 45 | €10,987 | €18,710 | +€7,723 | +70.3% |
| Taxes | 450/3 | €10,987 | €18,710 | +€7,723 | +70.3% |
| Other amounts payable | 47/48 | €22,003 | €22,970 | +€968 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,764 | €7,917 | -€1,847 | -18.9% |
| Other operating charges | 640/8 | €1,300 | €633 | -€667 | -51.3% |
| Gross operating margin | 9900 | €22,697 | €60,919 | +€38,223 | +168% |
| Operating profit (loss) | 9901 | €11,633 | €52,369 | +€40,737 | +350% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €755 | €1,715 | +€960 | +127% |
| Recurring financial charges | 65 | €755 | €1,715 | +€960 | +127% |
| Profit (loss) for the period before taxes | 9903 | €10,877 | €50,674 | +€39,796 | +366% |
| Income taxes | 67/77 | €4,597 | €11,729 | +€7,132 | +155% |
| Profit (loss) for the period | 9904 | €6,280 | €38,945 | +€32,664 | +520% |
| Profit (loss) for the period to be appropriated | 9905 | €6,280 | €38,945 | +€32,664 | +520% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.