PG Law: 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 Law
Largest movements
- Tangible fixed assets -€21,263
down €21,263 (-22.4%), from €95,055 to €73,791
of which Furniture and vehicles: -€13,187
- Cash +€19,352
up €19,352 (+126%), from €15,399 to €34,751
mainly Depreciation (+€21,263) and Net result for the year (+€14,653)
- Debts after one year -€16,154
down €16,154 (-27.1%), from €59,527 to €43,373
of which Financial debts: -€8,479
- Reserves +€14,653
up €14,653 (+40.0%), from €36,640 to €51,293
- Financial charges -€576
down €576 (-32.2%), from €1,789 to €1,214
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 | €122,037 | €121,700 | -€337 | -0.3% |
| Fixed assets | 21/28 | €95,055 | €73,791 | -€21,263 | -22.4% |
| Tangible fixed assets | 22/27 | €95,055 | €73,791 | -€21,263 | -22.4% |
| Land and buildings | 22 | €53,645 | €46,857 | -€6,787 | -12.7% |
| Plant, machinery and equipment | 23 | €3,058 | €1,769 | -€1,288 | -42.1% |
| Furniture and vehicles | 24 | €38,352 | €25,164 | -€13,187 | -34.4% |
| Current assets | 29/58 | €26,982 | €47,909 | +€20,927 | +77.6% |
| Amounts receivable within one year | 40/41 | €9,943 | €11,125 | +€1,181 | +11.9% |
| Trade receivables | 40 | €9,943 | €11,125 | +€1,181 | +11.9% |
| Cash at bank and in hand | 54/58 | €15,399 | €34,751 | +€19,352 | +126% |
| Deferred charges and accrued income | 490/1 | €1,640 | €2,034 | +€394 | +24.0% |
| Total equity and liabilities | 10/49 | €122,037 | €121,700 | -€337 | -0.3% |
| Equity | 10/15 | €40,140 | €54,793 | +€14,653 | +36.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €36,640 | €51,293 | +€14,653 | +40.0% |
| Distributable reserves | 133 | €36,640 | €51,293 | +€14,653 | +40.0% |
| Amounts payable | 17/49 | €81,897 | €66,907 | -€14,989 | -18.3% |
| Amounts payable after more than one year | 17 | €59,527 | €43,373 | -€16,154 | -27.1% |
| Financial debts | 170/4 | €26,465 | €17,986 | -€8,479 | -32.0% |
| Other amounts payable | 178/9 | €33,062 | €25,387 | -€7,675 | -23.2% |
| Amounts payable within one year | 42/48 | €22,370 | €23,534 | +€1,164 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €8,154 | €8,479 | +€325 | +4.0% |
| Trade debts | 44 | €2,267 | €2,398 | +€132 | +5.8% |
| Suppliers | 440/4 | €2,267 | €2,398 | +€132 | +5.8% |
| Taxes, remuneration and social security | 45 | €11,949 | €12,657 | +€707 | +5.9% |
| Taxes | 450/3 | €9,915 | €10,622 | +€707 | +7.1% |
| Remuneration and social security | 454/9 | €2,034 | €2,034 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,065 | €21,263 | +€199 | +0.9% |
| Other operating charges | 640/8 | €1,274 | €1,008 | -€267 | -20.9% |
| Gross operating margin | 9900 | €43,047 | €42,807 | -€240 | -0.6% |
| Operating profit (loss) | 9901 | €20,708 | €20,536 | -€171 | -0.8% |
| Financial income | 75/76B | €40 | €0 | -€40 | -100% |
| Recurring financial income | 75 | €40 | €0 | -€40 | -100% |
| Financial charges | 65/66B | €1,789 | €1,214 | -€576 | -32.2% |
| Recurring financial charges | 65 | €1,789 | €1,214 | -€576 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €18,958 | €19,322 | +€364 | +1.9% |
| Income taxes | 67/77 | €4,807 | €4,670 | -€137 | -2.9% |
| Profit (loss) for the period | 9904 | €14,151 | €14,653 | +€502 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,151 | €14,653 | +€502 | +3.5% |
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 16 October 2026 via checked.be.