PGB CERAMICA: 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.
PGB CERAMICA
Largest movements
- Receivables within one year +€48,249
up €48,249 (+30.3%), from €159,121 to €207,370
of which Trade receivables: +€46,791
- Tangible fixed assets -€25,821
down €25,821 (-49.8%), from €51,854 to €26,033
of which Leasing and similar rights: -€25,221
- Cash -€23,246
down €23,246 (-52.6%), from €44,192 to €20,946
mainly Receivables within one year (-€48,249) and Net result for the year (-€42,105)
- Stocks and contracts -€19,109
down €19,109 (-17.2%), from €111,026 to €91,917
- Deferred charges and accrued income -€4,287
down €4,287 (-58.3%), from €7,353 to €3,067
- Reserves -€42,105
down €42,105 (-25.4%), from €165,619 to €123,515
- Trade debts +€31,188
up €31,188 (+26.9%), from €116,040 to €147,227
- Debts after one year -€23,137
down €23,137 (-72.6%), from €31,872 to €8,735
- Tax, wage and social debts +€9,027
up €9,027 (+30.4%), from €29,734 to €38,761
of which Taxes: +€9,473
- Gross operating margin +€29,356
up €29,356 (+17.3%), from €169,820 to €199,176
- Other operating charges +€10,000
up €10,000 (+267%), from €3,740 to €13,740
- Write-downs -€7,847
new in 2025: -€7,847
- Staff costs +€6,571
up €6,571 (+3.4%), from €195,510 to €202,081
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 | €383,974 | €359,925 | -€24,049 | -6.3% |
| Fixed assets | 21/28 | €62,282 | €36,624 | -€25,658 | -41.2% |
| Tangible fixed assets | 22/27 | €51,854 | €26,033 | -€25,821 | -49.8% |
| Furniture and vehicles | 24 | €4,994 | €4,394 | -€600 | -12.0% |
| Leasing and similar rights | 25 | €46,859 | €21,639 | -€25,221 | -53.8% |
| Financial fixed assets | 28 | €10,428 | €10,591 | +€163 | +1.6% |
| Current assets | 29/58 | €321,692 | €323,300 | +€1,608 | +0.5% |
| Stocks and contracts in progress | 3 | €111,026 | €91,917 | -€19,109 | -17.2% |
| Stocks | 30/36 | €111,026 | €91,917 | -€19,109 | -17.2% |
| Amounts receivable within one year | 40/41 | €159,121 | €207,370 | +€48,249 | +30.3% |
| Trade receivables | 40 | €155,687 | €202,478 | +€46,791 | +30.1% |
| Other amounts receivable | 41 | €3,434 | €4,892 | +€1,458 | +42.5% |
| Cash at bank and in hand | 54/58 | €44,192 | €20,946 | -€23,246 | -52.6% |
| Deferred charges and accrued income | 490/1 | €7,353 | €3,067 | -€4,287 | -58.3% |
| Total equity and liabilities | 10/49 | €383,974 | €359,925 | -€24,049 | -6.3% |
| Equity | 10/15 | €184,169 | €142,065 | -€42,105 | -22.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €165,619 | €123,515 | -€42,105 | -25.4% |
| Distributable reserves | 133 | €165,619 | €123,515 | -€42,105 | -25.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €199,805 | €217,860 | +€18,055 | +9.0% |
| Amounts payable after more than one year | 17 | €31,872 | €8,735 | -€23,137 | -72.6% |
| Financial debts | 170/4 | €31,872 | €8,735 | -€23,137 | -72.6% |
| Amounts payable within one year | 42/48 | €167,933 | €209,125 | +€41,192 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €22,160 | €23,137 | +€977 | +4.4% |
| Trade debts | 44 | €116,040 | €147,227 | +€31,188 | +26.9% |
| Suppliers | 440/4 | €116,040 | €147,227 | +€31,188 | +26.9% |
| Taxes, remuneration and social security | 45 | €29,734 | €38,761 | +€9,027 | +30.4% |
| Taxes | 450/3 | €4,409 | €13,882 | +€9,473 | +215% |
| Remuneration and social security | 454/9 | €25,325 | €24,879 | -€446 | -1.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,381 | +€1,381 | |
| Remuneration, social security and pensions | 62 | €195,510 | €202,081 | +€6,571 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,857 | €25,821 | -€36 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€7,847 | -€7,847 | |
| Other operating charges | 640/8 | €3,740 | €13,740 | +€10,000 | +267% |
| Gross operating margin | 9900 | €169,820 | €199,176 | +€29,356 | +17.3% |
| Operating profit (loss) | 9901 | -€55,287 | -€34,619 | +€20,668 | +37.4% |
| Financial income | 75/76B | €989 | €2 | -€986 | -99.8% |
| Recurring financial income | 75 | €989 | €2 | -€986 | -99.8% |
| Financial charges | 65/66B | €5,420 | €6,945 | +€1,525 | +28.1% |
| Recurring financial charges | 65 | €5,420 | €6,945 | +€1,525 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | -€59,719 | -€41,563 | +€18,156 | +30.4% |
| Income taxes | 67/77 | €570 | €542 | -€28 | -4.9% |
| Profit (loss) for the period | 9904 | -€60,288 | -€42,105 | +€18,184 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,288 | -€42,105 | +€18,184 | +30.2% |
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 23 October 2026 via checked.be.