PF CONCEPT BELGIUM: 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.
What changed
PF CONCEPT BELGIUM
NACE 46.180, Agents specialised in the wholesale of other particular products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€339,004
2024 · €424,399-€85,395
Equity
€3.0m
2024 · €2.6m+€339,004
Cash
€67,078
2024 · €81,917-€14,839
Balance sheet total
€3.1m
2024 · €2.8m+€333,206
Largest movements
Assets
- Receivables within one year +€347,969
up €347,969 (+13.0%), from €2.7m to €3.0m
of which Trade receivables: +€293,109
Equity and liabilities
- Reserves +€339,004
up €339,004 (+12.9%), from €2.6m to €3.0m
of which Distributable reserves: +€339,004
Income statement
- Turnover -€1.0m
no longer reported in 2025 (was €1.0m)
- Gross operating margin +€832,429
new in 2025: €832,429
- Services and other goods -€86,422
no longer reported in 2025 (was €86,422)
- Taxes -€37,988
down €37,988 (-25.0%), from €152,175 to €114,187
- Staff costs +€23,819
up €23,819 (+6.9%), from €344,725 to €368,544
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.
Result 2024
€424,399
Turnover
-€1.0m
Other operating income
-€4,895
Services and other goods
+€86,422
Staff costs
-€23,819
Other operating charges
+€611
Other operating items
+€832,429
Financial income
+€0
Financial charges
-€225
Taxes
+€37,988
Result 2025
€339,004
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€14,839
Investment
€0
Financing
€0
Cash 2024
€81,917
From operations (derived)
-€14,839
Net result for the year
+€339,004
Receivables within one year
-€347,969
Smaller working-capital items
-€333
Trade debts
-€10,515
Tax, wage and social debts
+€4,974
Cash 2025
€67,078
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,786,120 | €3,119,326 | +€333,206 | +12.0% |
| Fixed assets | 21/28 | €11,555 | €11,555 | = | 0.0% |
| Financial fixed assets | 28 | €11,555 | €11,555 | = | 0.0% |
| Other financial fixed assets | 284/8 | €11,555 | - | -€11,555 | |
| Amounts receivable and cash guarantees | 285/8 | €11,555 | - | -€11,555 | |
| Current assets | 29/58 | €2,774,565 | €3,107,771 | +€333,206 | +12.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,686,227 | €3,034,197 | +€347,969 | +13.0% |
| Trade receivables | 40 | €2,679,155 | €2,972,264 | +€293,109 | +10.9% |
| Other amounts receivable | 41 | €7,073 | €61,933 | +€54,860 | +776% |
| Cash at bank and in hand | 54/58 | €81,917 | €67,078 | -€14,839 | -18.1% |
| Deferred charges and accrued income | 490/1 | €6,421 | €6,497 | +€76 | +1.2% |
| Total equity and liabilities | 10/49 | €2,786,120 | €3,119,326 | +€333,206 | +12.0% |
| Equity | 10/15 | €2,637,677 | €2,976,682 | +€339,004 | +12.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,631,477 | €2,970,482 | +€339,004 | +12.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,629,617 | €2,968,622 | +€339,004 | +12.9% |
| Amounts payable | 17/49 | €148,443 | €142,645 | -€5,798 | -3.9% |
| Amounts payable within one year | 42/48 | €148,186 | €142,645 | -€5,541 | -3.7% |
| Trade debts | 44 | €23,155 | €12,641 | -€10,515 | -45.4% |
| Suppliers | 440/4 | €23,155 | €12,641 | -€10,515 | -45.4% |
| Taxes, remuneration and social security | 45 | €125,030 | €130,004 | +€4,974 | +4.0% |
| Taxes | 450/3 | €61,517 | €61,840 | +€323 | +0.5% |
| Remuneration and social security | 454/9 | €63,513 | €68,164 | +€4,651 | +7.3% |
| Accrued charges and deferred income | 492/3 | €257 | €0 | -€257 | -100% |
| Operating income | 70/76A | €1,018,800 | - | -€1.0m | |
| Turnover | 70 | €1,013,905 | - | -€1.0m | |
| Other operating income | 74 | €4,895 | - | -€4,895 | |
| Operating charges | 60/66A | €433,601 | - | -€433,601 | |
| Services and other goods | 61 | €86,422 | - | -€86,422 | |
| Remuneration, social security and pensions | 62 | €344,725 | €368,544 | +€23,819 | +6.9% |
| Other operating charges | 640/8 | €2,454 | €1,843 | -€611 | -24.9% |
| Gross operating margin | 9900 | - | €832,429 | +€832,429 | |
| Operating profit (loss) | 9901 | €585,199 | €462,041 | -€123,158 | -21.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €8,626 | €8,850 | +€225 | +2.6% |
| Recurring financial charges | 65 | €8,626 | €8,850 | +€225 | +2.6% |
| Debt charges | 650 | €5,390 | - | -€5,390 | |
| Other financial charges | 652/9 | €3,235 | - | -€3,235 | |
| Profit (loss) for the period before taxes | 9903 | €576,574 | €453,191 | -€123,383 | -21.4% |
| Income taxes | 67/77 | €152,175 | €114,187 | -€37,988 | -25.0% |
| Taxes | 670/3 | €152,175 | - | -€152,175 | |
| Profit (loss) for the period | 9904 | €424,399 | €339,004 | -€85,395 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €424,399 | €339,004 | -€85,395 | -20.1% |
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 27 October 2026 via checked.be.