PCY: 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.
PCY
Largest movements
- Receivables within one year -€63,643
down €63,643 (-52.9%), from €120,419 to €56,775
of which Other amounts receivable: -€55,998
- Tangible fixed assets -€35,334
down €35,334 (-13.3%), from €265,133 to €229,800
of which Land and buildings: -€30,630
- Cash -€7,373
down €7,373 (-45.3%), from €16,274 to €8,901
mainly Contributions, distributions and other (-€85,000) and Debts after one year (-€35,156)
- Current investments -€6,939
down €6,939 (-17.3%), from €40,004 to €33,065
- Contributions -€85,000
down €85,000 (-97.7%), from €87,000 to €2,000
- Debts after one year -€35,156
down €35,156 (-39.8%), from €88,280 to €53,124
- Other debts +€17,896
up €17,896 (+16.3%), from €109,945 to €127,842
- Reserves +€9,617
up €9,617 (+11.8%), from €81,654 to €91,271
of which Distributable reserves: +€9,617
- Tax, wage and social debts -€9,615
down €9,615 (-42.9%), from €22,419 to €12,804
- Gross operating margin -€52,802
down €52,802 (-42.2%), from €125,173 to €72,371
- Taxes -€9,648
down €9,648 (-65.6%), from €14,716 to €5,068
- Financial income -€3,529
down €3,529 (-92.4%), from €3,820 to €291
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 | €443,671 | €330,477 | -€113,194 | -25.5% |
| Fixed assets | 21/28 | €265,133 | €229,820 | -€35,314 | -13.3% |
| Tangible fixed assets | 22/27 | €265,133 | €229,800 | -€35,334 | -13.3% |
| Land and buildings | 22 | €258,691 | €228,061 | -€30,630 | -11.8% |
| Plant, machinery and equipment | 23 | €3,288 | €982 | -€2,306 | -70.1% |
| Furniture and vehicles | 24 | €3,154 | €757 | -€2,398 | -76.0% |
| Financial fixed assets | 28 | - | €20 | +€20 | |
| Current assets | 29/58 | €178,537 | €100,657 | -€77,881 | -43.6% |
| Amounts receivable within one year | 40/41 | €120,419 | €56,775 | -€63,643 | -52.9% |
| Trade receivables | 40 | €37,854 | €30,209 | -€7,646 | -20.2% |
| Other amounts receivable | 41 | €82,564 | €26,567 | -€55,998 | -67.8% |
| Current investments | 50/53 | €40,004 | €33,065 | -€6,939 | -17.3% |
| Cash at bank and in hand | 54/58 | €16,274 | €8,901 | -€7,373 | -45.3% |
| Deferred charges and accrued income | 490/1 | €1,840 | €1,915 | +€75 | +4.1% |
| Total equity and liabilities | 10/49 | €443,671 | €330,477 | -€113,194 | -25.5% |
| Equity | 10/15 | €175,380 | €99,997 | -€75,383 | -43.0% |
| Contributions | 10/11 | €87,000 | €2,000 | -€85,000 | -97.7% |
| Reserves | 13 | €81,654 | €91,271 | +€9,617 | +11.8% |
| Non-distributable reserves | 130/1 | €2,600 | €2,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,600 | €2,600 | = | 0.0% |
| Distributable reserves | 133 | €79,054 | €88,671 | +€9,617 | +12.2% |
| Profit (loss) carried forward | 14 | €6,726 | €6,726 | = | 0.0% |
| Amounts payable | 17/49 | €268,291 | €230,479 | -€37,812 | -14.1% |
| Amounts payable after more than one year | 17 | €88,280 | €53,124 | -€35,156 | -39.8% |
| Financial debts | 170/4 | €88,280 | €53,124 | -€35,156 | -39.8% |
| Amounts payable within one year | 42/48 | €180,011 | €177,355 | -€2,656 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €40,597 | €35,156 | -€5,441 | -13.4% |
| Trade debts | 44 | €7,049 | €1,553 | -€5,496 | -78.0% |
| Suppliers | 440/4 | €7,049 | €1,553 | -€5,496 | -78.0% |
| Taxes, remuneration and social security | 45 | €22,419 | €12,804 | -€9,615 | -42.9% |
| Taxes | 450/3 | €22,419 | €12,804 | -€9,615 | -42.9% |
| Other amounts payable | 47/48 | €109,945 | €127,842 | +€17,896 | +16.3% |
| Non-recurring operating income | 76A | €18,959 | - | -€18,959 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,052 | €35,334 | -€718 | -2.0% |
| Other operating charges | 640/8 | €2,845 | €2,091 | -€754 | -26.5% |
| Non-recurring operating charges | 66A | €25,117 | €12,793 | -€12,323 | -49.1% |
| Gross operating margin | 9900 | €125,173 | €72,371 | -€52,802 | -42.2% |
| Operating profit (loss) | 9901 | €61,160 | €22,153 | -€39,007 | -63.8% |
| Financial income | 75/76B | €3,820 | €291 | -€3,529 | -92.4% |
| Recurring financial income | 75 | €3,820 | €291 | -€3,529 | -92.4% |
| Financial charges | 65/66B | €6,660 | €7,759 | +€1,098 | +16.5% |
| Recurring financial charges | 65 | €6,660 | €7,759 | +€1,098 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €58,319 | €14,685 | -€43,634 | -74.8% |
| Income taxes | 67/77 | €14,716 | €5,068 | -€9,648 | -65.6% |
| Profit (loss) for the period | 9904 | €43,604 | €9,617 | -€33,987 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,604 | €9,617 | -€33,987 | -77.9% |
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 8 October 2026 via checked.be.