PG PARTNER: 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.
PG PARTNER
Largest movements
- Cash +€8,875
up €8,875 (+37.0%), from €23,968 to €32,843
mainly Net result for the year (+€15,846) and Deferred charges and accrued income (+€4,447)
- Receivables after one year +€4,631
up €4,631 (+15.4%), from €30,000 to €34,631
- Deferred charges and accrued income -€4,447
down €4,447 (-29.3%), from €15,188 to €10,741
- Receivables within one year -€1,692
down €1,692 (-4.7%), from €35,965 to €34,273
of which Trade receivables: -€3,445
- Reserves +€15,800
up €15,800 (+16.4%), from €96,240 to €112,040
of which Distributable reserves: +€15,800
- Trade debts -€5,822
down €5,822 (-63.0%), from €9,235 to €3,413
- Tax, wage and social debts -€2,785
down €2,785 (-41.4%), from €6,736 to €3,950
- Gross operating margin +€5,186
up €5,186 (+23.3%), from €22,300 to €27,486
- Taxes +€3,310
up €3,310 (+53.3%), from €6,205 to €9,515
- Financial charges -€399
down €399 (-22.1%), from €1,809 to €1,410
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 | €118,463 | €125,703 | +€7,239 | +6.1% |
| Fixed assets | 21/28 | €369 | - | -€369 | |
| Tangible fixed assets | 22/27 | €369 | - | -€369 | |
| Furniture and vehicles | 24 | €369 | - | -€369 | |
| Current assets | 29/58 | €118,094 | €125,703 | +€7,608 | +6.4% |
| Amounts receivable after more than one year | 29 | €30,000 | €34,631 | +€4,631 | +15.4% |
| Trade receivables | 290 | €30,000 | €34,631 | +€4,631 | +15.4% |
| Amounts receivable within one year | 40/41 | €35,965 | €34,273 | -€1,692 | -4.7% |
| Trade receivables | 40 | €9,876 | €6,431 | -€3,445 | -34.9% |
| Other amounts receivable | 41 | €26,089 | €27,842 | +€1,753 | +6.7% |
| Current investments | 50/53 | €12,973 | €13,214 | +€241 | +1.9% |
| Cash at bank and in hand | 54/58 | €23,968 | €32,843 | +€8,875 | +37.0% |
| Deferred charges and accrued income | 490/1 | €15,188 | €10,741 | -€4,447 | -29.3% |
| Total equity and liabilities | 10/49 | €118,463 | €125,703 | +€7,239 | +6.1% |
| Equity | 10/15 | €102,493 | €118,339 | +€15,846 | +15.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €96,240 | €112,040 | +€15,800 | +16.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €94,380 | €110,180 | +€15,800 | +16.7% |
| Profit (loss) carried forward | 14 | €53 | €99 | +€46 | +86.5% |
| Amounts payable | 17/49 | €15,970 | €7,363 | -€8,607 | -53.9% |
| Amounts payable within one year | 42/48 | €15,970 | €7,363 | -€8,607 | -53.9% |
| Trade debts | 44 | €9,235 | €3,413 | -€5,822 | -63.0% |
| Suppliers | 440/4 | €9,235 | €3,413 | -€5,822 | -63.0% |
| Taxes, remuneration and social security | 45 | €6,736 | €3,950 | -€2,785 | -41.4% |
| Taxes | 450/3 | €6,736 | €3,950 | -€2,785 | -41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €486 | €369 | -€117 | -24.1% |
| Other operating charges | 640/8 | €623 | €550 | -€73 | -11.7% |
| Gross operating margin | 9900 | €22,300 | €27,486 | +€5,186 | +23.3% |
| Operating profit (loss) | 9901 | €21,191 | €26,567 | +€5,376 | +25.4% |
| Financial income | 75/76B | €148 | €204 | +€56 | +37.8% |
| Recurring financial income | 75 | €148 | €204 | +€56 | +37.8% |
| Financial charges | 65/66B | €1,809 | €1,410 | -€399 | -22.1% |
| Recurring financial charges | 65 | €1,809 | €1,410 | -€399 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €19,530 | €25,361 | +€5,831 | +29.9% |
| Income taxes | 67/77 | €6,205 | €9,515 | +€3,310 | +53.3% |
| Profit (loss) for the period | 9904 | €13,325 | €15,846 | +€2,521 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,325 | €15,846 | +€2,521 | +18.9% |
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 3 October 2026 via checked.be.