PGB: 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.
PGB
Largest movements
- Financial fixed assets -€96,599
down €96,599 (-100.0%), from €96,599 to €0
- Receivables within one year -€56,430
down €56,430 (-100.0%), from €56,430 to €0
- Tangible fixed assets -€18,915
down €18,915 (-17.6%), from €107,324 to €88,409
- Cash +€6,512
up €6,512 (+984.6%), from €661 to €7,173
mainly Investment in fixed assets (net) (+€96,599) and Receivables within one year (+€56,430)
- Reserves -€123,167
down €123,167 (-80.7%), from €152,603 to €29,437
of which Distributable reserves: -€116,795
- Profit (loss) carried forward -€14,390
new in 2024: -€14,390
- Current portion of long-term debt -€10,590
down €10,590 (-100.0%), from €10,590 to €0
- Trade debts -€10,273
down €10,273 (-43.0%), from €23,903 to €13,630
- Provisions -€3,281
down €3,281 (-17.8%), from €18,439 to €15,158
- Provisions +€96,599
new in 2024: €96,599
- Write-downs +€19,930
new in 2024: €19,930
- Taxes -€12,007
down €12,007 (-100.0%), from €12,007 to €0
- Gross operating margin -€7,691
down €7,691 (-72.8%), from €10,563 to €2,873
- Other operating charges +€1,476
up €1,476 (+22.6%), from €6,532 to €8,008
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 | €261,014 | €95,582 | -€165,432 | -63.4% |
| Fixed assets | 21/28 | €203,923 | €88,409 | -€115,514 | -56.6% |
| Tangible fixed assets | 22/27 | €107,324 | €88,409 | -€18,915 | -17.6% |
| Land and buildings | 22 | €107,324 | €88,409 | -€18,915 | -17.6% |
| Financial fixed assets | 28 | €96,599 | €0 | -€96,599 | -100.0% |
| Current assets | 29/58 | €57,091 | €7,173 | -€49,918 | -87.4% |
| Amounts receivable within one year | 40/41 | €56,430 | €0 | -€56,430 | -100.0% |
| Trade receivables | 40 | €56,430 | €0 | -€56,430 | -100.0% |
| Cash at bank and in hand | 54/58 | €661 | €7,173 | +€6,512 | +984.6% |
| Total equity and liabilities | 10/49 | €261,014 | €95,582 | -€165,432 | -63.4% |
| Equity | 10/15 | €192,303 | €54,747 | -€137,556 | -71.5% |
| Contributions | 10/11 | €39,700 | €39,700 | = | 0.0% |
| Reserves | 13 | €152,603 | €29,437 | -€123,167 | -80.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €35,808 | €29,437 | -€6,372 | -17.8% |
| Distributable reserves | 133 | €116,795 | €0 | -€116,795 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€14,390 | -€14,390 | |
| Provisions and deferred taxes | 16 | €18,439 | €15,158 | -€3,281 | -17.8% |
| Deferred taxes | 168 | €18,439 | €15,158 | -€3,281 | -17.8% |
| Amounts payable | 17/49 | €50,273 | €25,677 | -€24,595 | -48.9% |
| Amounts payable after more than one year | 17 | €11,936 | €11,448 | -€489 | -4.1% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €11,936 | €11,448 | -€489 | -4.1% |
| Amounts payable within one year | 42/48 | €34,493 | €13,630 | -€20,864 | -60.5% |
| Current portion of amounts payable after more than one year | 42 | €10,590 | €0 | -€10,590 | -100.0% |
| Trade debts | 44 | €23,903 | €13,630 | -€10,273 | -43.0% |
| Suppliers | 440/4 | €23,903 | €13,630 | -€10,273 | -43.0% |
| Accrued charges and deferred income | 492/3 | €3,843 | €600 | -€3,243 | -84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,915 | €18,915 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,930 | +€19,930 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €96,599 | +€96,599 | |
| Other operating charges | 640/8 | €6,532 | €8,008 | +€1,476 | +22.6% |
| Gross operating margin | 9900 | €10,563 | €2,873 | -€7,691 | -72.8% |
| Operating profit (loss) | 9901 | -€14,884 | -€140,580 | -€125,696 | -844.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -86.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -86.8% |
| Financial charges | 65/66B | €1,466 | €258 | -€1,209 | -82.4% |
| Recurring financial charges | 65 | €1,466 | €258 | -€1,209 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,349 | -€140,837 | -€124,488 | -761.4% |
| Transfer from deferred taxes | 780 | €3,281 | €3,281 | = | 0.0% |
| Income taxes | 67/77 | €12,007 | €0 | -€12,007 | -100.0% |
| Profit (loss) for the period | 9904 | -€25,075 | -€137,556 | -€112,481 | -448.6% |
| Transfer from tax-exempt reserves | 789 | €6,372 | €6,372 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,703 | -€131,185 | -€112,481 | -601.4% |
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 30 September 2026 via checked.be.