PCN TRANSPORT: 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.
PCN TRANSPORT
Largest movements
- Receivables within one year +€178,929
up €178,929 (+214%), from €83,753 to €262,682
- Tangible fixed assets -€151,350
down €151,350 (-41.7%), from €363,331 to €211,981
of which Leasing and similar rights: -€124,744
- Cash -€24,553
down €24,553 (-30.2%), from €81,200 to €56,647
mainly Receivables within one year (-€178,929) and Debts after one year (-€103,566)
- Deferred charges and accrued income -€13,159
down €13,159 (-99.8%), from €13,186 to €27
- Trade debts +€202,279
up €202,279 (+980%), from €20,651 to €222,930
- Debts after one year -€103,566
down €103,566 (-45.1%), from €229,759 to €126,193
- Profit (loss) carried forward -€63,140
down €63,140, from €18,644 to -€44,496
- Tax, wage and social debts -€30,670
down €30,670 (-64.8%), from €47,361 to €16,691
of which Taxes: -€17,490
- Current portion of long-term debt -€12,962
down €12,962 (-11.0%), from €117,895 to €104,932
- Gross operating margin -€262,758
down €262,758 (-59.6%), from €440,886 to €178,128
- Staff costs -€120,349
down €120,349 (-52.4%), from €229,621 to €109,272
- Depreciation -€31,768
down €31,768 (-25.9%), from €122,607 to €90,840
- Other operating charges +€12,981
up €12,981 (+80.9%), from €16,047 to €29,028
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 | €544,631 | €534,497 | -€10,134 | -1.9% |
| Fixed assets | 21/28 | €366,491 | €215,141 | -€151,350 | -41.3% |
| Tangible fixed assets | 22/27 | €363,331 | €211,981 | -€151,350 | -41.7% |
| Plant, machinery and equipment | 23 | €930 | €515 | -€415 | -44.6% |
| Furniture and vehicles | 24 | €48,734 | €22,542 | -€26,192 | -53.7% |
| Leasing and similar rights | 25 | €313,667 | €188,924 | -€124,744 | -39.8% |
| Financial fixed assets | 28 | €3,160 | €3,160 | = | 0.0% |
| Current assets | 29/58 | €178,139 | €319,356 | +€141,216 | +79.3% |
| Amounts receivable within one year | 40/41 | €83,753 | €262,682 | +€178,929 | +214% |
| Trade receivables | 40 | €83,753 | €262,682 | +€178,929 | +214% |
| Cash at bank and in hand | 54/58 | €81,200 | €56,647 | -€24,553 | -30.2% |
| Deferred charges and accrued income | 490/1 | €13,186 | €27 | -€13,159 | -99.8% |
| Total equity and liabilities | 10/49 | €544,631 | €534,497 | -€10,134 | -1.9% |
| Equity | 10/15 | €125,936 | €61,730 | -€64,205 | -51.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,692 | €87,627 | -€1,065 | -1.2% |
| Distributable reserves | 133 | €88,692 | €87,627 | -€1,065 | -1.2% |
| Profit (loss) carried forward | 14 | €18,644 | -€44,496 | -€63,140 | |
| Amounts payable | 17/49 | €418,695 | €472,766 | +€54,071 | +12.9% |
| Amounts payable after more than one year | 17 | €229,759 | €126,193 | -€103,566 | -45.1% |
| Financial debts | 170/4 | €229,759 | €126,193 | -€103,566 | -45.1% |
| Amounts payable within one year | 42/48 | €188,936 | €346,573 | +€157,637 | +83.4% |
| Current portion of amounts payable after more than one year | 42 | €117,895 | €104,932 | -€12,962 | -11.0% |
| Trade debts | 44 | €20,651 | €222,930 | +€202,279 | +980% |
| Suppliers | 440/4 | €20,651 | €222,930 | +€202,279 | +980% |
| Taxes, remuneration and social security | 45 | €47,361 | €16,691 | -€30,670 | -64.8% |
| Taxes | 450/3 | €25,832 | €8,342 | -€17,490 | -67.7% |
| Remuneration and social security | 454/9 | €21,528 | €8,349 | -€13,179 | -61.2% |
| Other amounts payable | 47/48 | €3,030 | €2,020 | -€1,010 | -33.3% |
| Remuneration, social security and pensions | 62 | €229,621 | €109,272 | -€120,349 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,607 | €90,840 | -€31,768 | -25.9% |
| Other operating charges | 640/8 | €16,047 | €29,028 | +€12,981 | +80.9% |
| Gross operating margin | 9900 | €440,886 | €178,128 | -€262,758 | -59.6% |
| Operating profit (loss) | 9901 | €72,610 | -€51,012 | -€123,622 | |
| Financial income | 75/76B | €14 | €73 | +€59 | +424% |
| Recurring financial income | 75 | €14 | €73 | +€59 | +424% |
| Financial charges | 65/66B | €16,454 | €13,266 | -€3,188 | -19.4% |
| Recurring financial charges | 65 | €16,454 | €13,266 | -€3,188 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €56,170 | -€64,205 | -€120,375 | |
| Income taxes | 67/77 | €1,858 | - | -€1,858 | |
| Profit (loss) for the period | 9904 | €54,312 | -€64,205 | -€118,517 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,312 | -€64,205 | -€118,517 |
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 28 October 2026 via checked.be.