PFC: 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.
PFC
Largest movements
- Current investments +€9.9m
up €9.9m (+88635.1%), from €11,180 to €9.9m
- Financial fixed assets +€1.5m
up €1.5m (+99.2%), from €1.5m to €3.1m
- Receivables within one year +€217,876
up €217,876 (+15870.6%), from €1,373 to €219,249
of which Other amounts receivable: +€217,847
- Contributions +€10.0m
up €10.0m (+113.3%), from €8.8m to €18.8m
of which Capital: +€10.0m
- Debts after one year +€3.7m
new in 2024: €3.7m
- Short-term financial debts -€2.0m
down €2.0m (-100.0%), from €2.0m to €0
- Financial income +€214,056
up €214,056 (+5179.6%), from €4,133 to €218,189
- Other operating charges +€75,769
up €75,769 (+1197.2%), from €6,329 to €82,098
- Financial charges +€24,961
up €24,961 (+48.0%), from €51,965 to €76,925
- Gross operating margin -€8,149
down €8,149 (-46.1%), from -€17,682 to -€25,831
- Depreciation +€8,136
up €8,136 (+120.3%), from €6,763 to €14,899
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,891,998 | €13,713,963 | +€11.8m | +624.8% |
| Fixed assets | 21/28 | €1,855,945 | €3,374,964 | +€1.5m | +81.8% |
| Tangible fixed assets | 22/27 | €309,884 | €294,984 | -€14,899 | -4.8% |
| Land and buildings | 22 | €308,031 | €293,323 | -€14,708 | -4.8% |
| Furniture and vehicles | 24 | €1,852 | €1,662 | -€191 | -10.3% |
| Financial fixed assets | 28 | €1,546,061 | €3,079,980 | +€1.5m | +99.2% |
| Current assets | 29/58 | €36,053 | €10,338,999 | +€10.3m | +28576.9% |
| Amounts receivable within one year | 40/41 | €1,373 | €219,249 | +€217,876 | +15870.6% |
| Trade receivables | 40 | - | €29 | +€29 | |
| Other amounts receivable | 41 | €1,373 | €219,220 | +€217,847 | +15868.5% |
| Current investments | 50/53 | €11,180 | €9,920,348 | +€9.9m | +88635.1% |
| Cash at bank and in hand | 54/58 | €23,299 | €123,897 | +€100,598 | +431.8% |
| Deferred charges and accrued income | 490/1 | €202 | €75,505 | +€75,303 | +37256.4% |
| Total equity and liabilities | 10/49 | €1,891,998 | €13,713,963 | +€11.8m | +624.8% |
| Equity | 10/15 | -€84,185 | €9,934,251 | +€10.0m | |
| Contributions | 10/11 | €8,824,175 | €18,824,175 | +€10.0m | +113.3% |
| Capital | 10 | €7,526,122 | €17,526,122 | +€10.0m | +132.9% |
| Issued capital | 100 | €7,526,122 | €17,526,122 | +€10.0m | +132.9% |
| Outside capital | 11 | €1,298,053 | €1,298,053 | = | 0.0% |
| Share premium | 1100/10 | €1,298,053 | €1,298,053 | = | 0.0% |
| Reserves | 13 | €61,444 | €61,444 | = | 0.0% |
| Non-distributable reserves | 130/1 | €61,444 | €61,444 | = | 0.0% |
| Legal reserve | 130 | €11,444 | €11,444 | = | 0.0% |
| Own shares acquired | 1312 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€8,969,803 | -€8,951,368 | +€18,435 | +0.2% |
| Amounts payable | 17/49 | €1,976,183 | €3,779,712 | +€1.8m | +91.3% |
| Amounts payable after more than one year | 17 | - | €3,731,288 | +€3.7m | |
| Financial debts | 170/4 | - | €3,731,288 | +€3.7m | |
| Amounts payable within one year | 42/48 | €1,976,183 | €15,320 | -€2.0m | -99.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,970,429 | €0 | -€2.0m | -100.0% |
| Other loans | 439 | €1,970,429 | €0 | -€2.0m | -100.0% |
| Trade debts | 44 | - | €6,250 | +€6,250 | |
| Suppliers | 440/4 | - | €6,250 | +€6,250 | |
| Advances received on contracts in progress | 46 | €19 | €19 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,735 | €9,050 | +€3,316 | +57.8% |
| Accrued charges and deferred income | 492/3 | - | €33,105 | +€33,105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,763 | €14,899 | +€8,136 | +120.3% |
| Other operating charges | 640/8 | €6,329 | €82,098 | +€75,769 | +1197.2% |
| Gross operating margin | 9900 | -€17,682 | -€25,831 | -€8,149 | -46.1% |
| Operating profit (loss) | 9901 | -€30,774 | -€122,828 | -€92,054 | -299.1% |
| Financial income | 75/76B | €4,133 | €218,189 | +€214,056 | +5179.6% |
| Recurring financial income | 75 | €4,133 | €218,189 | +€214,056 | +5179.6% |
| Financial charges | 65/66B | €51,965 | €76,925 | +€24,961 | +48.0% |
| Recurring financial charges | 65 | €51,965 | €76,925 | +€24,961 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | -€78,606 | €18,435 | +€97,041 | |
| Profit (loss) for the period | 9904 | -€78,606 | €18,435 | +€97,041 | |
| Transfer from tax-exempt reserves | 789 | €3,992,375 | €0 | -€4.0m | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,913,770 | €18,435 | -€3.9m | -99.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.