PGHAM: 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.
PGHAM
Largest movements
- Tangible fixed assets -€22,172
down €22,172 (-41.4%), from €53,619 to €31,447
of which Plant, machinery and equipment: -€18,164
- Deferred charges and accrued income +€11,255
up €11,255 (+2384.5%), from €472 to €11,727
- Cash +€11,165
new in 2024: €11,165
mainly Depreciation (+€22,172) and Other debts (+€9,768)
- Current investments -€8,170
no longer reported in 2024 (was €8,170)
- Stocks and contracts -€965
no longer reported in 2024 (was €965)
- Other debts +€9,768
up €9,768 (+68.4%), from €14,272 to €24,040
- Profit (loss) carried forward -€7,554
down €7,554, from €0 to -€7,554
- Trade debts -€6,411
down €6,411 (-17.1%), from €37,405 to €30,994
- Debts after one year -€3,882
down €3,882 (-24.5%), from €15,849 to €11,967
- Tax, wage and social debts -€1,200
down €1,200 (-78.5%), from €1,529 to €329
- Gross operating margin -€13,069
down €13,069 (-42.2%), from €30,973 to €17,904
- Staff costs -€2,138
down €2,138 (-73.7%), from €2,899 to €761
- Financial charges -€804
down €804 (-37.8%), from €2,125 to €1,321
- Other operating charges +€543
up €543 (+82.1%), from €661 to €1,204
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 | €82,380 | €73,398 | -€8,982 | -10.9% |
| Fixed assets | 21/28 | €53,619 | €31,447 | -€22,172 | -41.4% |
| Tangible fixed assets | 22/27 | €53,619 | €31,447 | -€22,172 | -41.4% |
| Plant, machinery and equipment | 23 | €39,197 | €21,033 | -€18,164 | -46.3% |
| Furniture and vehicles | 24 | €1,181 | - | -€1,181 | |
| Other tangible fixed assets | 26 | €13,241 | €10,414 | -€2,827 | -21.4% |
| Current assets | 29/58 | €28,761 | €41,951 | +€13,190 | +45.9% |
| Stocks and contracts in progress | 3 | €965 | - | -€965 | |
| Stocks | 30/36 | €965 | - | -€965 | |
| Amounts receivable within one year | 40/41 | €19,154 | €19,059 | -€95 | -0.5% |
| Trade receivables | 40 | €6,224 | - | -€6,224 | |
| Other amounts receivable | 41 | €12,930 | €19,059 | +€6,129 | +47.4% |
| Current investments | 50/53 | €8,170 | - | -€8,170 | |
| Cash at bank and in hand | 54/58 | - | €11,165 | +€11,165 | |
| Deferred charges and accrued income | 490/1 | €472 | €11,727 | +€11,255 | +2384.5% |
| Total equity and liabilities | 10/49 | €82,380 | €73,398 | -€8,982 | -10.9% |
| Equity | 10/15 | €12,978 | €5,424 | -€7,554 | -58.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €2,978 | €2,978 | = | 0.0% |
| Distributable reserves | 133 | €2,978 | €2,978 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€7,554 | -€7,554 | |
| Amounts payable | 17/49 | €69,402 | €67,974 | -€1,428 | -2.1% |
| Amounts payable after more than one year | 17 | €15,849 | €11,967 | -€3,882 | -24.5% |
| Financial debts | 170/4 | €15,849 | €11,967 | -€3,882 | -24.5% |
| Amounts payable within one year | 42/48 | €53,206 | €55,363 | +€2,157 | +4.1% |
| Trade debts | 44 | €37,405 | €30,994 | -€6,411 | -17.1% |
| Suppliers | 440/4 | €37,405 | €30,994 | -€6,411 | -17.1% |
| Taxes, remuneration and social security | 45 | €1,529 | €329 | -€1,200 | -78.5% |
| Remuneration and social security | 454/9 | €1,529 | €329 | -€1,200 | -78.5% |
| Other amounts payable | 47/48 | €14,272 | €24,040 | +€9,768 | +68.4% |
| Accrued charges and deferred income | 492/3 | €347 | €644 | +€297 | +85.6% |
| Remuneration, social security and pensions | 62 | €2,899 | €761 | -€2,138 | -73.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,310 | €22,172 | -€138 | -0.6% |
| Other operating charges | 640/8 | €661 | €1,204 | +€543 | +82.1% |
| Gross operating margin | 9900 | €30,973 | €17,904 | -€13,069 | -42.2% |
| Operating profit (loss) | 9901 | €5,103 | -€6,233 | -€11,336 | |
| Financial charges | 65/66B | €2,125 | €1,321 | -€804 | -37.8% |
| Recurring financial charges | 65 | €2,125 | €1,321 | -€804 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €2,978 | -€7,554 | -€10,532 | |
| Profit (loss) for the period | 9904 | €2,978 | -€7,554 | -€10,532 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,978 | -€7,554 | -€10,532 |
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 6 October 2026 via checked.be.