PGC LS: 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.
What changed
PGC LS
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€53,578
2024 · €1,019-€54,598
Equity
€142,724
2024 · €196,302-€53,578
Cash
€40,573
2024 · €7,251+€33,322
Balance sheet total
€7.2m
2024 · €7.5m-€385,567
Largest movements
Assets
- Tangible fixed assets -€404,386
down €404,386 (-5.5%), from €7.3m to €6.9m
of which Leasing and similar rights: -€501,480
Equity and liabilities
- Debts after one year -€330,135
down €330,135 (-6.0%), from €5.5m to €5.1m
- Other debts -€116,460
down €116,460 (-8.2%), from €1.4m to €1.3m
- Trade debts +€102,607
up €102,607 (+77.7%), from €132,033 to €234,640
Income statement
- Financial charges -€48,697
down €48,697 (-15.8%), from €307,848 to €259,151
- Services and other goods +€42,994
up €42,994 (+8.6%), from €502,480 to €545,474
- Other operating income -€32,230
down €32,230 (-30.3%), from €106,414 to €74,183
- Turnover -€30,205
down €30,205 (-2.3%), from €1.3m to €1.3m
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.
Result 2024
€1,019
Turnover
-€30,205
Other operating income
-€32,230
Services and other goods
-€42,994
Depreciation
-€503
Other operating charges
-€3,360
Financial income
+€643
Financial charges
+€48,697
Taxes
+€5,355
Result 2025
-€53,578
raises the resultlowers the result
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.
From operations
+€449,542
Investment
-€97,598
Financing
-€318,622
Cash 2024
€7,251
From operations (derived)
+€449,542
Net result for the year
-€53,578
Depreciation
+€501,983
Receivables within one year
+€12,027
Deferred charges and accrued income
+€2,476
Trade debts
+€102,607
Smaller working-capital items
+€486
Other debts
-€116,460
Investment (derived)
-€97,598
Investment in fixed assets (net)
-€97,598
Financing
-€318,622
Debts after one year
-€330,135
Current portion of long-term debt
+€11,607
Short-term financial debts
-€93
Cash 2025
€40,573
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,539,799 | €7,154,232 | -€385,567 | -5.1% |
| Fixed assets | 21/28 | €7,288,848 | €6,884,463 | -€404,386 | -5.5% |
| Tangible fixed assets | 22/27 | €7,288,848 | €6,884,463 | -€404,386 | -5.5% |
| Land and buildings | 22 | €275,000 | €275,000 | = | 0.0% |
| Leasing and similar rights | 25 | €7,013,848 | €6,512,369 | -€501,480 | -7.1% |
| Other tangible fixed assets | 26 | - | €97,094 | +€97,094 | |
| Current assets | 29/58 | €250,951 | €269,770 | +€18,819 | +7.5% |
| Stocks and contracts in progress | 3 | €63,117 | €63,117 | = | 0.0% |
| Stocks | 30/36 | €63,117 | €63,117 | = | 0.0% |
| Property held for sale | 35 | €63,117 | €63,117 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €129,951 | €117,924 | -€12,027 | -9.3% |
| Trade receivables | 40 | €9,000 | €38,956 | +€29,956 | +333% |
| Other amounts receivable | 41 | €120,951 | €78,968 | -€41,983 | -34.7% |
| Cash at bank and in hand | 54/58 | €7,251 | €40,573 | +€33,322 | +460% |
| Deferred charges and accrued income | 490/1 | €50,632 | €48,156 | -€2,476 | -4.9% |
| Total equity and liabilities | 10/49 | €7,539,799 | €7,154,232 | -€385,567 | -5.1% |
| Equity | 10/15 | €196,302 | €142,724 | -€53,578 | -27.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €45,740 | €45,740 | = | 0.0% |
| Distributable reserves | 133 | €45,740 | €45,740 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,362 | €90,784 | -€53,578 | -37.1% |
| Amounts payable | 17/49 | €7,343,497 | €7,011,508 | -€331,988 | -4.5% |
| Amounts payable after more than one year | 17 | €5,459,014 | €5,128,879 | -€330,135 | -6.0% |
| Financial debts | 170/4 | €5,459,014 | €5,128,879 | -€330,135 | -6.0% |
| Leasing and similar obligations | 172 | €5,459,014 | €5,128,879 | -€330,135 | -6.0% |
| Amounts payable within one year | 42/48 | €1,872,374 | €1,870,030 | -€2,344 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €318,528 | €330,135 | +€11,607 | +3.6% |
| Financial debts | 43 | €93 | €0 | -€93 | -100% |
| Credit institutions | 430/8 | €93 | €0 | -€93 | -100% |
| Trade debts | 44 | €132,033 | €234,640 | +€102,607 | +77.7% |
| Suppliers | 440/4 | €132,033 | €234,640 | +€102,607 | +77.7% |
| Taxes, remuneration and social security | 45 | €1,740 | €1,736 | -€4 | -0.2% |
| Taxes | 450/3 | €1,740 | €1,736 | -€4 | -0.2% |
| Other amounts payable | 47/48 | €1,419,979 | €1,303,519 | -€116,460 | -8.2% |
| Accrued charges and deferred income | 492/3 | €12,109 | €12,600 | +€490 | +4.1% |
| Operating income | 70/76A | €1,423,634 | €1,361,199 | -€62,435 | -4.4% |
| Turnover | 70 | €1,317,221 | €1,287,016 | -€30,205 | -2.3% |
| Other operating income | 74 | €106,414 | €74,183 | -€32,230 | -30.3% |
| Operating charges | 60/66A | €1,111,403 | €1,158,260 | +€46,858 | +4.2% |
| Services and other goods | 61 | €502,480 | €545,474 | +€42,994 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €501,480 | €501,983 | +€503 | +0.1% |
| Other operating charges | 640/8 | €107,443 | €110,803 | +€3,360 | +3.1% |
| Operating profit (loss) | 9901 | €312,231 | €202,939 | -€109,292 | -35.0% |
| Financial income | 75/76B | €1,986 | €2,629 | +€643 | +32.4% |
| Recurring financial income | 75 | €1,986 | €2,629 | +€643 | +32.4% |
| Income from current assets | 751 | €1,974 | €2,629 | +€655 | +33.2% |
| Other financial income | 752/9 | €12 | €0 | -€12 | -100% |
| Financial charges | 65/66B | €307,848 | €259,151 | -€48,697 | -15.8% |
| Recurring financial charges | 65 | €307,848 | €259,151 | -€48,697 | -15.8% |
| Debt charges | 650 | €305,373 | €257,219 | -€48,153 | -15.8% |
| Other financial charges | 652/9 | €2,475 | €1,932 | -€543 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €6,370 | -€53,583 | -€59,953 | |
| Income taxes | 67/77 | €5,351 | -€4 | -€5,355 | |
| Taxes | 670/3 | €5,351 | €0 | -€5,351 | -100% |
| Tax adjustments and reversals of tax provisions | 77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | €1,019 | -€53,578 | -€54,598 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,019 | -€53,578 | -€54,598 |
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.