PFGE: 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
PFGE
NACE 96.301, Funeral services
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€8,513
2023 · -€42,108+€50,622
Equity
€210,146
2023 · €201,633+€8,513
Cash
€3,126
2023 · €8,298-€5,172
Balance sheet total
€718,841
2023 · €619,414+€99,427
Largest movements
Assets
- Receivables within one year +€132,474
up €132,474 (+91.0%), from €145,581 to €278,055
of which Trade receivables: +€126,368
- Tangible fixed assets -€24,266
down €24,266 (-22.8%), from €106,476 to €82,210
of which Other tangible fixed assets: -€17,030
Equity and liabilities
- Trade debts +€89,982
up €89,982 (+125%), from €72,270 to €162,252
- Debts after one year -€31,268
down €31,268 (-16.3%), from €192,342 to €161,074
- Tax, wage and social debts +€30,818
up €30,818 (+180%), from €17,135 to €47,953
of which Taxes: +€29,749
- Profit (loss) carried forward +€8,513
up €8,513 (+11.0%), from €77,567 to €86,081
Income statement
- Provisions -€67,500
no longer reported in 2024 (was €67,500)
- Gross operating margin -€63,494
down €63,494 (-46.3%), from €137,159 to €73,665
- Depreciation -€31,776
down €31,776 (-52.8%), from €60,126 to €28,350
- Staff costs -€22,979
no longer reported in 2024 (was €22,979)
- Taxes +€5,585
up €5,585 (+27.9%), from €20,000 to €25,585
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.
Result 2023
-€42,108
Gross operating margin
-€63,494
Staff costs
+€22,979
Depreciation
+€31,776
Provisions
+€67,500
Other operating charges
+€954
Other operating items
+€92
Financial income
+€677
Financial charges
-€4,277
Taxes
-€5,585
Result 2024
€8,513
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€25,335
Investment
-€1,298
Financing
-€29,209
Cash 2023
€8,298
From operations (derived)
+€25,335
Net result for the year
+€8,513
Depreciation
+€28,350
Stocks and contracts
+€913
Receivables within one year
-€132,474
Deferred charges and accrued income
-€90
Trade debts
+€89,982
Tax, wage and social debts
+€30,818
Advances received
+€4,423
Other debts
-€5,100
Investment (derived)
-€1,298
Investment in fixed assets (net)
-€1,298
Financing
-€29,209
Debts after one year
-€31,268
Current portion of long-term debt
-€3,004
Short-term financial debts
+€5,063
Cash 2024
€3,126
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €619,414 | €718,841 | +€99,427 | +16.1% |
| Fixed assets | 21/28 | €461,190 | €434,138 | -€27,051 | -5.9% |
| Intangible fixed assets | 21 | €4,714 | €1,928 | -€2,786 | -59.1% |
| Tangible fixed assets | 22/27 | €106,476 | €82,210 | -€24,266 | -22.8% |
| Plant, machinery and equipment | 23 | - | €265 | +€265 | |
| Furniture and vehicles | 24 | €12,373 | €4,872 | -€7,501 | -60.6% |
| Other tangible fixed assets | 26 | €94,103 | €77,073 | -€17,030 | -18.1% |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €158,224 | €284,703 | +€126,479 | +79.9% |
| Stocks and contracts in progress | 3 | €1,263 | €350 | -€913 | -72.3% |
| Stocks | 30/36 | €1,263 | €350 | -€913 | -72.3% |
| Amounts receivable within one year | 40/41 | €145,581 | €278,055 | +€132,474 | +91.0% |
| Trade receivables | 40 | €108,546 | €234,913 | +€126,368 | +116% |
| Other amounts receivable | 41 | €37,035 | €43,142 | +€6,106 | +16.5% |
| Cash at bank and in hand | 54/58 | €8,298 | €3,126 | -€5,172 | -62.3% |
| Deferred charges and accrued income | 490/1 | €3,081 | €3,171 | +€90 | +2.9% |
| Total equity and liabilities | 10/49 | €619,414 | €718,841 | +€99,427 | +16.1% |
| Equity | 10/15 | €201,633 | €210,146 | +€8,513 | +4.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €117,860 | €117,860 | = | 0.0% |
| Distributable reserves | 133 | €117,860 | €117,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,567 | €86,081 | +€8,513 | +11.0% |
| Provisions and deferred taxes | 16 | €67,500 | €67,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €67,500 | €67,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €67,500 | €67,500 | = | 0.0% |
| Amounts payable | 17/49 | €350,281 | €441,195 | +€90,914 | +26.0% |
| Amounts payable after more than one year | 17 | €192,342 | €161,074 | -€31,268 | -16.3% |
| Financial debts | 170/4 | €192,342 | €161,074 | -€31,268 | -16.3% |
| Amounts payable within one year | 42/48 | €157,939 | €280,121 | +€122,182 | +77.4% |
| Current portion of amounts payable after more than one year | 42 | €33,300 | €30,295 | -€3,004 | -9.0% |
| Financial debts | 43 | €19,937 | €25,000 | +€5,063 | +25.4% |
| Credit institutions | 430/8 | €19,937 | €25,000 | +€5,063 | +25.4% |
| Trade debts | 44 | €72,270 | €162,252 | +€89,982 | +125% |
| Suppliers | 440/4 | €72,270 | €162,252 | +€89,982 | +125% |
| Advances received on contracts in progress | 46 | €3,727 | €8,150 | +€4,423 | +119% |
| Taxes, remuneration and social security | 45 | €17,135 | €47,953 | +€30,818 | +180% |
| Taxes | 450/3 | €9,340 | €39,089 | +€29,749 | +319% |
| Remuneration and social security | 454/9 | €7,796 | €8,864 | +€1,069 | +13.7% |
| Other amounts payable | 47/48 | €11,570 | €6,470 | -€5,100 | -44.1% |
| Non-recurring operating income | 76A | - | €14 | +€14 | |
| Remuneration, social security and pensions | 62 | €22,979 | - | -€22,979 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,126 | €28,350 | -€31,776 | -52.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €67,500 | - | -€67,500 | |
| Other operating charges | 640/8 | €5,034 | €4,080 | -€954 | -18.9% |
| Non-recurring operating charges | 66A | €92 | - | -€92 | |
| Gross operating margin | 9900 | €137,159 | €73,665 | -€63,494 | -46.3% |
| Operating profit (loss) | 9901 | -€18,572 | €41,235 | +€59,807 | |
| Financial income | 75/76B | €1,405 | €2,082 | +€677 | +48.2% |
| Recurring financial income | 75 | €1,405 | €2,082 | +€677 | +48.2% |
| Financial charges | 65/66B | €4,941 | €9,218 | +€4,277 | +86.6% |
| Recurring financial charges | 65 | €4,941 | €9,218 | +€4,277 | +86.6% |
| Profit (loss) for the period before taxes | 9903 | -€22,108 | €34,099 | +€56,207 | |
| Income taxes | 67/77 | €20,000 | €25,585 | +€5,585 | +27.9% |
| Profit (loss) for the period | 9904 | -€42,108 | €8,513 | +€50,622 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,108 | €8,513 | +€50,622 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.