PG TECH: 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 TECH
Largest movements
- Tangible fixed assets -€16,191
down €16,191 (-12.1%), from €134,253 to €118,062
of which Plant, machinery and equipment: -€8,848
- Receivables within one year -€13,537
down €13,537 (-47.6%), from €28,454 to €14,918
of which Trade receivables: -€14,930
- Intangible fixed assets -€6,000
down €6,000 (-37.5%), from €16,000 to €10,000
- Cash -€5,391
down €5,391 (-38.4%), from €14,049 to €8,659
mainly Trade debts (-€22,221) and Tax, wage and social debts (-€9,942)
- Stocks and contracts +€4,541
up €4,541 (+36.8%), from €12,325 to €16,866
- Trade debts -€22,221
no longer reported in 2025 (was €22,221)
- Tax, wage and social debts -€9,942
down €9,942 (-83.1%), from €11,966 to €2,024
- Debts after one year -€6,685
down €6,685 (-5.9%), from €113,304 to €106,620
- Other debts +€2,918
up €2,918 (+48.0%), from €6,082 to €9,000
- Gross operating margin +€7,373
up €7,373 (+19.1%), from €38,600 to €45,973
- Write-downs -€6,946
down €6,946 (-56.9%), from €12,206 to €5,260
- Other operating charges +€1,851
up €1,851 (+84.1%), from €2,202 to €4,053
- Depreciation -€1,356
down €1,356 (-5.2%), from €25,993 to €24,637
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 | €205,082 | €168,504 | -€36,578 | -17.8% |
| Fixed assets | 21/28 | €150,253 | €128,062 | -€22,191 | -14.8% |
| Intangible fixed assets | 21 | €16,000 | €10,000 | -€6,000 | -37.5% |
| Tangible fixed assets | 22/27 | €134,253 | €118,062 | -€16,191 | -12.1% |
| Land and buildings | 22 | €101,757 | €95,185 | -€6,572 | -6.5% |
| Plant, machinery and equipment | 23 | €29,392 | €20,544 | -€8,848 | -30.1% |
| Furniture and vehicles | 24 | €3,104 | €2,333 | -€771 | -24.8% |
| Current assets | 29/58 | €54,829 | €40,442 | -€14,387 | -26.2% |
| Stocks and contracts in progress | 3 | €12,325 | €16,866 | +€4,541 | +36.8% |
| Stocks | 30/36 | €12,325 | €16,866 | +€4,541 | +36.8% |
| Amounts receivable within one year | 40/41 | €28,454 | €14,918 | -€13,537 | -47.6% |
| Trade receivables | 40 | €19,476 | €4,546 | -€14,930 | -76.7% |
| Other amounts receivable | 41 | €8,978 | €10,371 | +€1,393 | +15.5% |
| Cash at bank and in hand | 54/58 | €14,049 | €8,659 | -€5,391 | -38.4% |
| Total equity and liabilities | 10/49 | €205,082 | €168,504 | -€36,578 | -17.8% |
| Equity | 10/15 | €44,973 | €44,176 | -€797 | -1.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,573 | €31,776 | -€797 | -2.4% |
| Amounts payable | 17/49 | €160,109 | €124,328 | -€35,781 | -22.3% |
| Amounts payable after more than one year | 17 | €113,304 | €106,620 | -€6,685 | -5.9% |
| Financial debts | 170/4 | €113,304 | €106,620 | -€6,685 | -5.9% |
| Amounts payable within one year | 42/48 | €46,805 | €17,709 | -€29,096 | -62.2% |
| Current portion of amounts payable after more than one year | 42 | €6,536 | €6,685 | +€149 | +2.3% |
| Trade debts | 44 | €22,221 | - | -€22,221 | |
| Suppliers | 440/4 | €22,221 | - | -€22,221 | |
| Taxes, remuneration and social security | 45 | €11,966 | €2,024 | -€9,942 | -83.1% |
| Taxes | 450/3 | €11,966 | €2,024 | -€9,942 | -83.1% |
| Other amounts payable | 47/48 | €6,082 | €9,000 | +€2,918 | +48.0% |
| Remuneration, social security and pensions | 62 | - | €35 | +€35 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,993 | €24,637 | -€1,356 | -5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,206 | €5,260 | -€6,946 | -56.9% |
| Other operating charges | 640/8 | €2,202 | €4,053 | +€1,851 | +84.1% |
| Gross operating margin | 9900 | €38,600 | €45,973 | +€7,373 | +19.1% |
| Operating profit (loss) | 9901 | -€1,800 | €11,988 | +€13,788 | |
| Financial income | 75/76B | €984 | €1,081 | +€98 | +10.0% |
| Recurring financial income | 75 | €984 | €1,081 | +€98 | +10.0% |
| Financial charges | 65/66B | €2,760 | €2,791 | +€32 | +1.1% |
| Recurring financial charges | 65 | €2,760 | €2,791 | +€32 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,577 | €10,278 | +€13,854 | |
| Income taxes | 67/77 | €2,385 | €2,074 | -€311 | -13.0% |
| Profit (loss) for the period | 9904 | -€5,962 | €8,203 | +€14,165 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,962 | €8,203 | +€14,165 |
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 17 October 2026 via checked.be.