PGC CONSULTANTS: 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.
PGC CONSULTANTS
Largest movements
- Current investments +€199,775
up €199,775, from €0 to €199,775
- Cash -€193,662
down €193,662 (-67.5%), from €286,872 to €93,210
mainly Current investments (-€199,775) and Contributions, distributions and other (-€80,000)
- Receivables within one year -€32,085
down €32,085 (-64.1%), from €50,036 to €17,951
of which Trade receivables: -€19,410
- Deferred charges and accrued income -€13,870
down €13,870 (-38.9%), from €35,693 to €21,823
- Tangible fixed assets -€11,298
down €11,298 (-34.9%), from €32,344 to €21,046
of which Plant, machinery and equipment: -€8,037
- Reserves -€79,951
down €79,951 (-15.9%), from €501,489 to €421,538
- Other debts +€39,461
up €39,461 (+102.8%), from €38,380 to €77,841
- Tax, wage and social debts -€10,797
down €10,797 (-49.0%), from €22,041 to €11,244
of which Remuneration and social security: -€8,181
- Gross operating margin -€43,838
down €43,838 (-67.7%), from €64,725 to €20,888
- Taxes -€9,661
down €9,661 (-52.9%), from €18,256 to €8,595
- Other operating charges -€3,671
down €3,671 (-55.2%), from €6,655 to €2,984
- Financial income -€2,778
down €2,778 (-45.0%), from €6,170 to €3,392
- Staff costs -€2,178
down €2,178 (-96.6%), from €2,255 to €77
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 | €579,116 | €526,537 | -€52,579 | -9.1% |
| Fixed assets | 21/28 | €32,344 | €21,243 | -€11,101 | -34.3% |
| Tangible fixed assets | 22/27 | €32,344 | €21,046 | -€11,298 | -34.9% |
| Plant, machinery and equipment | 23 | €23,024 | €14,987 | -€8,037 | -34.9% |
| Furniture and vehicles | 24 | €2,508 | €1,522 | -€986 | -39.3% |
| Other tangible fixed assets | 26 | €6,812 | €4,538 | -€2,275 | -33.4% |
| Financial fixed assets | 28 | - | €196 | +€196 | |
| Current assets | 29/58 | €546,772 | €505,294 | -€41,478 | -7.6% |
| Stocks and contracts in progress | 3 | €174,171 | €172,535 | -€1,636 | -0.9% |
| Stocks | 30/36 | €174,171 | €172,535 | -€1,636 | -0.9% |
| Amounts receivable within one year | 40/41 | €50,036 | €17,951 | -€32,085 | -64.1% |
| Trade receivables | 40 | €34,939 | €15,529 | -€19,410 | -55.6% |
| Other amounts receivable | 41 | €15,097 | €2,422 | -€12,675 | -84.0% |
| Current investments | 50/53 | €0 | €199,775 | +€199,775 | |
| Cash at bank and in hand | 54/58 | €286,872 | €93,210 | -€193,662 | -67.5% |
| Deferred charges and accrued income | 490/1 | €35,693 | €21,823 | -€13,870 | -38.9% |
| Total equity and liabilities | 10/49 | €579,116 | €526,537 | -€52,579 | -9.1% |
| Equity | 10/15 | €513,889 | €433,938 | -€79,951 | -15.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €501,489 | €421,538 | -€79,951 | -15.9% |
| Distributable reserves | 133 | €501,489 | €421,538 | -€79,951 | -15.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,228 | €92,599 | +€27,372 | +42.0% |
| Amounts payable within one year | 42/48 | €65,228 | €92,599 | +€27,372 | +42.0% |
| Trade debts | 44 | €4,806 | €3,514 | -€1,292 | -26.9% |
| Suppliers | 440/4 | €4,806 | €3,514 | -€1,292 | -26.9% |
| Taxes, remuneration and social security | 45 | €22,041 | €11,244 | -€10,797 | -49.0% |
| Taxes | 450/3 | €13,860 | €11,244 | -€2,616 | -18.9% |
| Remuneration and social security | 454/9 | €8,181 | €0 | -€8,181 | -100.0% |
| Other amounts payable | 47/48 | €38,380 | €77,841 | +€39,461 | +102.8% |
| Remuneration, social security and pensions | 62 | €2,255 | €77 | -€2,178 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,456 | €10,823 | -€633 | -5.5% |
| Other operating charges | 640/8 | €6,655 | €2,984 | -€3,671 | -55.2% |
| Gross operating margin | 9900 | €64,725 | €20,888 | -€43,838 | -67.7% |
| Operating profit (loss) | 9901 | €44,359 | €7,004 | -€37,355 | -84.2% |
| Financial income | 75/76B | €6,170 | €3,392 | -€2,778 | -45.0% |
| Recurring financial income | 75 | €6,170 | €3,392 | -€2,778 | -45.0% |
| Financial charges | 65/66B | €1,941 | €1,751 | -€190 | -9.8% |
| Recurring financial charges | 65 | €1,941 | €1,751 | -€190 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €48,588 | €8,645 | -€39,943 | -82.2% |
| Income taxes | 67/77 | €18,256 | €8,595 | -€9,661 | -52.9% |
| Profit (loss) for the period | 9904 | €30,331 | €49 | -€30,282 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,331 | €49 | -€30,282 | -99.8% |
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 11 October 2026 via checked.be.