PFC ENGINEERING: 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.
PFC ENGINEERING
Largest movements
- Deferred charges and accrued income -€70,585
no longer reported in 2025 (was €70,585)
- Cash +€48,128
new in 2025: €48,128
mainly Deferred charges and accrued income (+€70,585) and Depreciation (+€52,633)
- Tangible fixed assets -€34,370
down €34,370 (-5.7%), from €599,381 to €565,011
of which Land and buildings: -€23,706
- Debts after one year -€56,442
down €56,442 (-11.7%), from €481,654 to €425,213
- Accrued charges and deferred income -€22,764
down €22,764 (-70.4%), from €32,354 to €9,590
- Profit (loss) carried forward +€17,811
up €17,811 (+34.2%), from €52,024 to €69,835
- Tax, wage and social debts +€16,311
up €16,311 (+139%), from €11,765 to €28,076
of which Taxes: +€8,637
- Depreciation -€20,532
down €20,532 (-28.1%), from €73,165 to €52,633
- Gross operating margin -€9,891
down €9,891 (-4.1%), from €240,199 to €230,308
- Financial charges -€7,726
down €7,726 (-23.6%), from €32,725 to €24,999
- Taxes -€4,772
down €4,772 (-76.9%), from €6,209 to €1,437
- Staff costs -€4,295
down €4,295 (-3.4%), from €126,494 to €122,199
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 | €858,533 | €807,621 | -€50,913 | -5.9% |
| Fixed assets | 21/28 | €599,381 | €565,011 | -€34,370 | -5.7% |
| Tangible fixed assets | 22/27 | €599,381 | €565,011 | -€34,370 | -5.7% |
| Land and buildings | 22 | €482,525 | €458,819 | -€23,706 | -4.9% |
| Plant, machinery and equipment | 23 | €7,643 | €15,438 | +€7,794 | +102% |
| Furniture and vehicles | 24 | €48,886 | €37,345 | -€11,541 | -23.6% |
| Other tangible fixed assets | 26 | €60,327 | €53,410 | -€6,917 | -11.5% |
| Current assets | 29/58 | €259,152 | €242,610 | -€16,542 | -6.4% |
| Amounts receivable within one year | 40/41 | €188,567 | €194,482 | +€5,915 | +3.1% |
| Trade receivables | 40 | €155,832 | €169,919 | +€14,087 | +9.0% |
| Other amounts receivable | 41 | €32,736 | €24,563 | -€8,172 | -25.0% |
| Cash at bank and in hand | 54/58 | - | €48,128 | +€48,128 | |
| Deferred charges and accrued income | 490/1 | €70,585 | - | -€70,585 | |
| Total equity and liabilities | 10/49 | €858,533 | €807,621 | -€50,913 | -5.9% |
| Equity | 10/15 | €72,484 | €90,295 | +€17,811 | +24.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,024 | €69,835 | +€17,811 | +34.2% |
| Amounts payable | 17/49 | €786,049 | €717,326 | -€68,723 | -8.7% |
| Amounts payable after more than one year | 17 | €481,654 | €425,213 | -€56,442 | -11.7% |
| Financial debts | 170/4 | €481,654 | €425,213 | -€56,442 | -11.7% |
| Amounts payable within one year | 42/48 | €272,041 | €282,523 | +€10,482 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €56,157 | €56,742 | +€585 | +1.0% |
| Trade debts | 44 | €85,010 | €82,468 | -€2,542 | -3.0% |
| Suppliers | 440/4 | €85,010 | €82,468 | -€2,542 | -3.0% |
| Taxes, remuneration and social security | 45 | €11,765 | €28,076 | +€16,311 | +139% |
| Taxes | 450/3 | - | €8,637 | +€8,637 | |
| Remuneration and social security | 454/9 | €11,765 | €19,438 | +€7,674 | +65.2% |
| Other amounts payable | 47/48 | €119,109 | €115,238 | -€3,871 | -3.3% |
| Accrued charges and deferred income | 492/3 | €32,354 | €9,590 | -€22,764 | -70.4% |
| Remuneration, social security and pensions | 62 | €126,494 | €122,199 | -€4,295 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,165 | €52,633 | -€20,532 | -28.1% |
| Other operating charges | 640/8 | €8,818 | €11,229 | +€2,411 | +27.3% |
| Gross operating margin | 9900 | €240,199 | €230,308 | -€9,891 | -4.1% |
| Operating profit (loss) | 9901 | €31,721 | €44,247 | +€12,525 | +39.5% |
| Financial charges | 65/66B | €32,725 | €24,999 | -€7,726 | -23.6% |
| Recurring financial charges | 65 | €32,725 | €24,999 | -€7,726 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,004 | €19,248 | +€20,251 | |
| Income taxes | 67/77 | €6,209 | €1,437 | -€4,772 | -76.9% |
| Profit (loss) for the period | 9904 | -€7,212 | €17,811 | +€25,023 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,212 | €17,811 | +€25,023 |
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 19 October 2026 via checked.be.