PGC P: 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.
What changed
PGC P
NACE 82.100, Office administrative and support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€20,817
2024 · €14,647+€6,170
Equity
€2.0m
2024 · €2.0m+€20,817
Cash
-
2024 · €0
Balance sheet total
€3.9m
2024 · €4.1m-€215,433
Largest movements
Assets
- Receivables within one year -€130,484
down €130,484 (-6.9%), from €1.9m to €1.8m
of which Other amounts receivable: -€110,723
- Tangible fixed assets -€84,949
down €84,949 (-3.9%), from €2.2m to €2.1m
Equity and liabilities
- Debts after one year -€250,000
down €250,000 (-16.0%), from €1.6m to €1.3m
- Profit (loss) carried forward +€54,369
up €54,369 (+5.0%), from €1.1m to €1.2m
Income statement
- Financial income -€39,109
down €39,109 (-34.6%), from €113,025 to €73,916
- Financial charges -€30,659
down €30,659 (-28.0%), from €109,621 to €78,963
- Taxes -€14,415
down €14,415 (-42.3%), from €34,110 to €19,695
of which Taxes: -€14,344
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
€14,647
Other operating income
+€500
Services and other goods
+€245
Other operating charges
-€540
Financial income
-€39,109
Financial charges
+€30,659
Taxes
+€14,415
Result 2025
€20,817
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.
From operations
+€257,659
Investment
€0
Financing
-€257,659
Cash 2024
€0
From operations (derived)
+€257,659
Net result for the year
+€20,817
Depreciation
+€84,949
Receivables within one year
+€130,484
Provisions
-€11,184
Trade debts
+€1,869
Tax, wage and social debts
+€19,695
Other debts
+€42
Accrued charges and deferred income
+€10,987
Financing
-€257,659
Debts after one year
-€250,000
Short-term financial debts
-€7,659
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,072,357 | €3,856,924 | -€215,433 | -5.3% |
| Fixed assets | 21/28 | €2,178,542 | €2,093,593 | -€84,949 | -3.9% |
| Tangible fixed assets | 22/27 | €2,178,542 | €2,093,593 | -€84,949 | -3.9% |
| Land and buildings | 22 | €2,178,542 | €2,093,593 | -€84,949 | -3.9% |
| Current assets | 29/58 | €1,893,815 | €1,763,331 | -€130,484 | -6.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,893,815 | €1,763,331 | -€130,484 | -6.9% |
| Trade receivables | 40 | €19,761 | €0 | -€19,761 | -100.0% |
| Other amounts receivable | 41 | €1,874,054 | €1,763,331 | -€110,723 | -5.9% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €4,072,357 | €3,856,924 | -€215,433 | -5.3% |
| Equity | 10/15 | €2,001,041 | €2,021,858 | +€20,817 | +1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €841,650 | €808,098 | -€33,552 | -4.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €485,450 | €451,898 | -€33,552 | -6.9% |
| Distributable reserves | 133 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,097,390 | €1,151,760 | +€54,369 | +5.0% |
| Provisions and deferred taxes | 16 | €161,817 | €150,633 | -€11,184 | -6.9% |
| Deferred taxes | 168 | €161,817 | €150,633 | -€11,184 | -6.9% |
| Amounts payable | 17/49 | €1,909,500 | €1,684,434 | -€225,066 | -11.8% |
| Amounts payable after more than one year | 17 | €1,562,500 | €1,312,500 | -€250,000 | -16.0% |
| Financial debts | 170/4 | €1,562,500 | €1,312,500 | -€250,000 | -16.0% |
| Credit institutions | 173 | €1,562,500 | €1,312,500 | -€250,000 | -16.0% |
| Amounts payable within one year | 42/48 | €346,359 | €360,306 | +€13,947 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 43 | €7,659 | €0 | -€7,659 | -100.0% |
| Credit institutions | 430/8 | €7,659 | €0 | -€7,659 | -100.0% |
| Trade debts | 44 | €2,700 | €4,569 | +€1,869 | +69.2% |
| Suppliers | 440/4 | €2,700 | €4,569 | +€1,869 | +69.2% |
| Taxes, remuneration and social security | 45 | €22,500 | €42,195 | +€19,695 | +87.5% |
| Taxes | 450/3 | €22,500 | €42,195 | +€19,695 | +87.5% |
| Other amounts payable | 47/48 | €63,500 | €63,542 | +€42 | +0.1% |
| Accrued charges and deferred income | 492/3 | €641 | €11,627 | +€10,987 | +1714.7% |
| Operating income | 70/76A | €145,761 | €146,262 | +€500 | +0.3% |
| Turnover | 70 | €126,000 | €126,000 | = | 0.0% |
| Other operating income | 74 | €19,761 | €20,262 | +€500 | +2.5% |
| Operating charges | 60/66A | €111,593 | €111,887 | +€294 | +0.3% |
| Services and other goods | 61 | €5,836 | €5,591 | -€245 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,949 | €84,949 | = | 0.0% |
| Other operating charges | 640/8 | €20,807 | €21,347 | +€540 | +2.6% |
| Operating profit (loss) | 9901 | €34,169 | €34,375 | +€206 | +0.6% |
| Financial income | 75/76B | €113,025 | €73,916 | -€39,109 | -34.6% |
| Recurring financial income | 75 | €113,025 | €73,916 | -€39,109 | -34.6% |
| Income from current assets | 751 | €113,025 | €73,916 | -€39,109 | -34.6% |
| Financial charges | 65/66B | €109,621 | €78,963 | -€30,659 | -28.0% |
| Recurring financial charges | 65 | €109,621 | €78,963 | -€30,659 | -28.0% |
| Debt charges | 650 | €108,560 | €77,533 | -€31,027 | -28.6% |
| Other financial charges | 652/9 | €1,061 | €1,430 | +€369 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | €37,573 | €29,328 | -€8,245 | -21.9% |
| Transfer from deferred taxes | 780 | €11,184 | €11,184 | = | 0.0% |
| Income taxes | 67/77 | €34,110 | €19,695 | -€14,415 | -42.3% |
| Taxes | 670/3 | €34,110 | €19,766 | -€14,344 | -42.1% |
| Tax adjustments and reversals of tax provisions | 77 | - | €71 | +€71 | |
| Profit (loss) for the period | 9904 | €14,647 | €20,817 | +€6,170 | +42.1% |
| Transfer from tax-exempt reserves | 789 | €33,552 | €33,552 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,199 | €54,369 | +€6,170 | +12.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.