PG²: 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.
PG²
Largest movements
- Current investments +€150,111
up €150,111 (+60.0%), from €250,000 to €400,111
- Receivables within one year +€122,301
up €122,301 (+72.7%), from €168,245 to €290,546
of which Trade receivables: +€110,441
- Cash -€83,389
down €83,389 (-76.1%), from €109,648 to €26,258
mainly Current investments (-€150,111) and Receivables within one year (-€122,301)
- Reserves +€210,505
up €210,505 (+31.8%), from €662,533 to €873,038
- Tax, wage and social debts -€21,656
down €21,656 (-37.9%), from €57,110 to €35,454
- Gross operating margin +€77,051
up €77,051 (+38.2%), from €201,536 to €278,587
- Taxes +€23,166
up €23,166 (+47.2%), from €49,105 to €72,271
- Other operating charges -€8,622
down €8,622 (-92.7%), from €9,296 to €674
- Financial income +€5,018
new in 2024: €5,018
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 | €737,893 | €926,915 | +€189,022 | +25.6% |
| Current assets | 29/58 | €737,893 | €926,915 | +€189,022 | +25.6% |
| Stocks and contracts in progress | 3 | €210,000 | €210,000 | = | 0.0% |
| Stocks | 30/36 | €210,000 | €210,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €168,245 | €290,546 | +€122,301 | +72.7% |
| Trade receivables | 40 | €166,147 | €276,588 | +€110,441 | +66.5% |
| Other amounts receivable | 41 | €2,098 | €13,958 | +€11,860 | +565.2% |
| Current investments | 50/53 | €250,000 | €400,111 | +€150,111 | +60.0% |
| Cash at bank and in hand | 54/58 | €109,648 | €26,258 | -€83,389 | -76.1% |
| Total equity and liabilities | 10/49 | €737,893 | €926,915 | +€189,022 | +25.6% |
| Equity | 10/15 | €667,533 | €878,038 | +€210,505 | +31.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €662,533 | €873,038 | +€210,505 | +31.8% |
| Distributable reserves | 133 | €662,533 | €873,038 | +€210,505 | +31.8% |
| Amounts payable | 17/49 | €70,360 | €48,877 | -€21,483 | -30.5% |
| Amounts payable within one year | 42/48 | €70,360 | €48,877 | -€21,483 | -30.5% |
| Trade debts | 44 | €13,250 | €13,052 | -€197 | -1.5% |
| Suppliers | 440/4 | €13,250 | €13,052 | -€197 | -1.5% |
| Taxes, remuneration and social security | 45 | €57,110 | €35,454 | -€21,656 | -37.9% |
| Taxes | 450/3 | €57,110 | €35,454 | -€21,656 | -37.9% |
| Other amounts payable | 47/48 | - | €371 | +€371 | |
| Other operating charges | 640/8 | €9,296 | €674 | -€8,622 | -92.7% |
| Gross operating margin | 9900 | €201,536 | €278,587 | +€77,051 | +38.2% |
| Operating profit (loss) | 9901 | €192,239 | €277,912 | +€85,673 | +44.6% |
| Financial income | 75/76B | - | €5,018 | +€5,018 | |
| Recurring financial income | 75 | - | €5,018 | +€5,018 | |
| Financial charges | 65/66B | €315 | €154 | -€161 | -51.2% |
| Recurring financial charges | 65 | €315 | €154 | -€161 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €191,925 | €282,776 | +€90,852 | +47.3% |
| Income taxes | 67/77 | €49,105 | €72,271 | +€23,166 | +47.2% |
| Profit (loss) for the period | 9904 | €142,820 | €210,505 | +€67,685 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €142,820 | €210,505 | +€67,685 | +47.4% |
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.