PG MANAGEMENT GROUP: 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 MANAGEMENT GROUP
Largest movements
- Receivables within one year +€8,238
up €8,238 (+22.6%), from €36,515 to €44,753
of which Other amounts receivable: +€14,228
- Cash -€3,060
no longer reported in 2023 (was €3,060)
- Tangible fixed assets -€1,998
down €1,998 (-39.1%), from €5,111 to €3,113
- Trade debts +€11,679
up €11,679 (+208%), from €5,607 to €17,286
- Profit (loss) carried forward -€10,137
down €10,137 (-37.5%), from €27,058 to €16,921
- Short-term financial debts +€5,119
new in 2023: €5,119
- Tax, wage and social debts -€3,174
down €3,174 (-55.4%), from €5,724 to €2,550
- Turnover +€35,330
new in 2023: €35,330
- Purchases and services +€33,511
new in 2023: €33,511
- Gross operating margin -€4,318
down €4,318 (-54.7%), from €7,893 to €3,575
- Taxes -€2,116
down €2,116 (-94.1%), from €2,247 to €132
- Financial charges +€1,223
up €1,223 (+237%), from €517 to €1,740
From the 2021 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,457 | €49,945 | +€3,487 | +7.5% |
| Fixed assets | 21/28 | €5,111 | €3,113 | -€1,998 | -39.1% |
| Tangible fixed assets | 22/27 | €5,111 | €3,113 | -€1,998 | -39.1% |
| Furniture and vehicles | 24 | €5,111 | €3,113 | -€1,998 | -39.1% |
| Current assets | 29/58 | €41,347 | €46,832 | +€5,485 | +13.3% |
| Amounts receivable within one year | 40/41 | €36,515 | €44,753 | +€8,238 | +22.6% |
| Trade receivables | 40 | €9,075 | €3,086 | -€5,990 | -66.0% |
| Other amounts receivable | 41 | €27,440 | €41,667 | +€14,228 | +51.9% |
| Cash at bank and in hand | 54/58 | €3,060 | - | -€3,060 | |
| Deferred charges and accrued income | 490/1 | €1,772 | €2,079 | +€307 | +17.3% |
| Total equity and liabilities | 10/49 | €46,457 | €49,945 | +€3,487 | +7.5% |
| Equity | 10/15 | €35,127 | €24,990 | -€10,137 | -28.9% |
| Contributions | 10/11 | €6,209 | €6,209 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,058 | €16,921 | -€10,137 | -37.5% |
| Amounts payable | 17/49 | €11,331 | €24,955 | +€13,624 | +120% |
| Amounts payable within one year | 42/48 | €11,331 | €24,955 | +€13,624 | +120% |
| Financial debts | 43 | - | €5,119 | +€5,119 | |
| Credit institutions | 430/8 | - | €5,119 | +€5,119 | |
| Trade debts | 44 | €5,607 | €17,286 | +€11,679 | +208% |
| Suppliers | 440/4 | €5,607 | €17,286 | +€11,679 | +208% |
| Taxes, remuneration and social security | 45 | €5,724 | €2,550 | -€3,174 | -55.4% |
| Taxes | 450/3 | €5,724 | €2,550 | -€3,174 | -55.4% |
| Turnover | 70 | - | €35,330 | +€35,330 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €33,511 | +€33,511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,158 | €839 | -€319 | -27.5% |
| Other operating charges | 640/8 | €256 | €234 | -€22 | -8.6% |
| Gross operating margin | 9900 | €7,893 | €3,575 | -€4,318 | -54.7% |
| Operating profit (loss) | 9901 | €6,479 | €2,502 | -€3,977 | -61.4% |
| Financial income | 75/76B | €1,772 | €2,082 | +€310 | +17.5% |
| Recurring financial income | 75 | €1,772 | €2,082 | +€310 | +17.5% |
| Financial charges | 65/66B | €517 | €1,740 | +€1,223 | +237% |
| Recurring financial charges | 65 | €517 | €1,740 | +€1,223 | +237% |
| Profit (loss) for the period before taxes | 9903 | €7,734 | €2,844 | -€4,890 | -63.2% |
| Income taxes | 67/77 | €2,247 | €132 | -€2,116 | -94.1% |
| Profit (loss) for the period | 9904 | €5,487 | €2,713 | -€2,774 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,487 | €2,713 | -€2,774 | -50.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.