PG ADVICE: 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.
PG ADVICE
Largest movements
- Cash +€106,601
up €106,601 (+36.3%), from €293,862 to €400,463
mainly Net result for the year (+€102,941) and Tax, wage and social debts (+€11,486)
- Receivables within one year +€11,953
up €11,953 (+31.9%), from €37,492 to €49,445
of which Trade receivables: +€11,588
- Profit (loss) carried forward +€102,941
up €102,941 (+42.0%), from €244,830 to €347,771
- Tax, wage and social debts +€11,486
up €11,486 (+15.8%), from €72,478 to €83,964
- Trade debts +€5,177
up €5,177 (+903.5%), from €573 to €5,751
- Gross operating margin -€85,285
down €85,285 (-38.7%), from €220,608 to €135,323
- Taxes -€20,687
down €20,687 (-40.0%), from €51,721 to €31,034
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.
Cash bridge derived
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 | €332,286 | €452,539 | +€120,253 | +36.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €871 | €2,413 | +€1,542 | +176.9% |
| Tangible fixed assets | 22/27 | €871 | €2,413 | +€1,542 | +176.9% |
| Furniture and vehicles | 24 | €871 | €2,413 | +€1,542 | +176.9% |
| Current assets | 29/58 | €331,415 | €450,126 | +€118,711 | +35.8% |
| Amounts receivable within one year | 40/41 | €37,492 | €49,445 | +€11,953 | +31.9% |
| Trade receivables | 40 | €37,491 | €49,080 | +€11,588 | +30.9% |
| Other amounts receivable | 41 | €0 | €365 | +€365 | +165922.7% |
| Cash at bank and in hand | 54/58 | €293,862 | €400,463 | +€106,601 | +36.3% |
| Deferred charges and accrued income | 490/1 | €61 | €218 | +€157 | +255.1% |
| Total equity and liabilities | 10/49 | €332,286 | €452,539 | +€120,253 | +36.2% |
| Equity | 10/15 | €249,830 | €352,771 | +€102,941 | +41.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €244,830 | €347,771 | +€102,941 | +42.0% |
| Amounts payable | 17/49 | €82,457 | €99,768 | +€17,312 | +21.0% |
| Amounts payable within one year | 42/48 | €82,457 | €99,768 | +€17,312 | +21.0% |
| Trade debts | 44 | €573 | €5,751 | +€5,177 | +903.5% |
| Suppliers | 440/4 | €573 | €5,751 | +€5,177 | +903.5% |
| Taxes, remuneration and social security | 45 | €72,478 | €83,964 | +€11,486 | +15.8% |
| Taxes | 450/3 | €72,478 | €83,964 | +€11,486 | +15.8% |
| Other amounts payable | 47/48 | €9,405 | €10,054 | +€648 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,397 | €722 | -€675 | -48.3% |
| Other operating charges | 640/8 | €64 | €514 | +€451 | +706.2% |
| Gross operating margin | 9900 | €220,608 | €135,323 | -€85,285 | -38.7% |
| Operating profit (loss) | 9901 | €219,147 | €134,087 | -€85,060 | -38.8% |
| Financial charges | 65/66B | €236 | €112 | -€125 | -52.8% |
| Recurring financial charges | 65 | €236 | €112 | -€125 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €218,910 | €133,975 | -€84,935 | -38.8% |
| Income taxes | 67/77 | €51,721 | €31,034 | -€20,687 | -40.0% |
| Profit (loss) for the period | 9904 | €167,189 | €102,941 | -€64,248 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €167,189 | €102,941 | -€64,248 | -38.4% |
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 11 October 2026 via checked.be.