PG service: 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 service
Largest movements
- Tangible fixed assets +€47,653
up €47,653 (+1250.5%), from €3,811 to €51,464
of which Furniture and vehicles: +€48,552
- Receivables within one year +€17,200
up €17,200 (+75.1%), from €22,901 to €40,101
of which Trade receivables: +€12,238
- Trade debts +€55,056
up €55,056 (+11680.9%), from €471 to €55,527
- Reserves +€15,666
up €15,666 (+10.4%), from €150,771 to €166,437
of which Distributable reserves: +€15,666
- Other debts -€3,982
down €3,982 (-61.4%), from €6,482 to €2,500
- Gross operating margin -€18,677
down €18,677 (-40.1%), from €46,577 to €27,900
- Taxes -€2,847
down €2,847 (-29.0%), from €9,834 to €6,987
- Financial income -€1,648
down €1,648 (-81.2%), from €2,030 to €382
- Depreciation -€637
down €637 (-18.3%), from €3,475 to €2,839
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 | €173,420 | €239,031 | +€65,611 | +37.8% |
| Fixed assets | 21/28 | €3,811 | €51,464 | +€47,653 | +1250.5% |
| Tangible fixed assets | 22/27 | €3,811 | €51,464 | +€47,653 | +1250.5% |
| Plant, machinery and equipment | 23 | €1,454 | €556 | -€898 | -61.8% |
| Furniture and vehicles | 24 | €2,357 | €50,909 | +€48,552 | +2059.9% |
| Current assets | 29/58 | €169,609 | €187,567 | +€17,958 | +10.6% |
| Amounts receivable within one year | 40/41 | €22,901 | €40,101 | +€17,200 | +75.1% |
| Trade receivables | 40 | €18,878 | €31,116 | +€12,238 | +64.8% |
| Other amounts receivable | 41 | €4,023 | €8,985 | +€4,961 | +123.3% |
| Cash at bank and in hand | 54/58 | €146,102 | €146,861 | +€759 | +0.5% |
| Deferred charges and accrued income | 490/1 | €606 | €605 | -€1 | -0.2% |
| Total equity and liabilities | 10/49 | €173,420 | €239,031 | +€65,611 | +37.8% |
| Equity | 10/15 | €156,971 | €172,637 | +€15,666 | +10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €150,771 | €166,437 | +€15,666 | +10.4% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €132,021 | €147,687 | +€15,666 | +11.9% |
| Amounts payable | 17/49 | €16,449 | €66,394 | +€49,945 | +303.6% |
| Amounts payable within one year | 42/48 | €16,449 | €66,394 | +€49,945 | +303.6% |
| Trade debts | 44 | €471 | €55,527 | +€55,056 | +11680.9% |
| Suppliers | 440/4 | €471 | €55,527 | +€55,056 | +11680.9% |
| Taxes, remuneration and social security | 45 | €9,495 | €8,367 | -€1,128 | -11.9% |
| Taxes | 450/3 | €6,395 | €5,267 | -€1,128 | -17.6% |
| Remuneration and social security | 454/9 | €3,100 | €3,100 | = | 0.0% |
| Other amounts payable | 47/48 | €6,482 | €2,500 | -€3,982 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,475 | €2,839 | -€637 | -18.3% |
| Other operating charges | 640/8 | €2,469 | €2,551 | +€82 | +3.3% |
| Gross operating margin | 9900 | €46,577 | €27,900 | -€18,677 | -40.1% |
| Operating profit (loss) | 9901 | €40,633 | €22,510 | -€18,123 | -44.6% |
| Financial income | 75/76B | €2,030 | €382 | -€1,648 | -81.2% |
| Recurring financial income | 75 | €2,030 | €382 | -€1,648 | -81.2% |
| Financial charges | 65/66B | €214 | €239 | +€25 | +11.6% |
| Recurring financial charges | 65 | €214 | €239 | +€25 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €42,449 | €22,653 | -€19,796 | -46.6% |
| Income taxes | 67/77 | €9,834 | €6,987 | -€2,847 | -29.0% |
| Profit (loss) for the period | 9904 | €32,615 | €15,666 | -€16,949 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,615 | €15,666 | -€16,949 | -52.0% |
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 10 October 2026 via checked.be.