PG DESIGN: 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 DESIGN
Largest movements
- Tangible fixed assets -€3,027
down €3,027 (-69.0%), from €4,388 to €1,362
of which Furniture and vehicles: -€2,073
- Cash +€566
up €566 (+80.1%), from €707 to €1,273
mainly Short-term financial debts (+€6,867) and Depreciation (+€3,027)
- Receivables within one year -€454
down €454 (-21.4%), from €2,119 to €1,665
- Profit (loss) carried forward -€9,769
down €9,769 (-13.4%), from -€73,088 to -€82,858
- Short-term financial debts +€6,867
up €6,867 (+25.1%), from €27,326 to €34,192
of which Other loans: +€4,050
- Advances received -€1,605
no longer reported in 2025 (was €1,605)
- Trade debts +€1,593
up €1,593 (+110%), from €1,451 to €3,044
- Gross operating margin +€12,657
up €12,657 (+75.7%), from -€16,715 to -€4,058
- Other operating charges +€1,069
up €1,069 (+87.3%), from €1,224 to €2,293
- Financial charges +€239
up €239 (+156%), from €153 to €392
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 | €7,215 | €4,300 | -€2,915 | -40.4% |
| Fixed assets | 21/28 | €4,388 | €1,362 | -€3,027 | -69.0% |
| Tangible fixed assets | 22/27 | €4,388 | €1,362 | -€3,027 | -69.0% |
| Plant, machinery and equipment | 23 | €954 | - | -€954 | |
| Furniture and vehicles | 24 | €3,435 | €1,362 | -€2,073 | -60.4% |
| Current assets | 29/58 | €2,826 | €2,938 | +€112 | +4.0% |
| Amounts receivable within one year | 40/41 | €2,119 | €1,665 | -€454 | -21.4% |
| Other amounts receivable | 41 | €2,119 | €1,665 | -€454 | -21.4% |
| Cash at bank and in hand | 54/58 | €707 | €1,273 | +€566 | +80.1% |
| Total equity and liabilities | 10/49 | €7,215 | €4,300 | -€2,915 | -40.4% |
| Equity | 10/15 | -€23,167 | -€32,936 | -€9,769 | -42.2% |
| Contributions | 10/11 | €49,921 | €49,921 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,088 | -€82,858 | -€9,769 | -13.4% |
| Amounts payable | 17/49 | €30,382 | €37,236 | +€6,855 | +22.6% |
| Amounts payable within one year | 42/48 | €30,382 | €37,236 | +€6,855 | +22.6% |
| Financial debts | 43 | €27,326 | €34,192 | +€6,867 | +25.1% |
| Credit institutions | 430/8 | - | €2,817 | +€2,817 | |
| Other loans | 439 | €27,326 | €31,376 | +€4,050 | +14.8% |
| Trade debts | 44 | €1,451 | €3,044 | +€1,593 | +110% |
| Suppliers | 440/4 | €1,451 | €3,044 | +€1,593 | +110% |
| Advances received on contracts in progress | 46 | €1,605 | - | -€1,605 | |
| Non-recurring operating income | 76A | - | €1,912 | +€1,912 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,027 | €3,027 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,224 | €2,293 | +€1,069 | +87.3% |
| Gross operating margin | 9900 | -€16,715 | -€4,058 | +€12,657 | +75.7% |
| Operating profit (loss) | 9901 | -€20,966 | -€9,378 | +€11,588 | +55.3% |
| Financial charges | 65/66B | €153 | €392 | +€239 | +156% |
| Recurring financial charges | 65 | €153 | €392 | +€239 | +156% |
| Profit (loss) for the period before taxes | 9903 | -€21,119 | -€9,769 | +€11,349 | +53.7% |
| Profit (loss) for the period | 9904 | -€21,119 | -€9,769 | +€11,349 | +53.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,119 | -€9,769 | +€11,349 | +53.7% |
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 18 October 2026 via checked.be.