PGI CONSTRUIT: what changed
PGI CONSTRUIT
Largest movements
- Cash +€52,468
up €52,468 (+121%), from €43,398 to €95,866
mainly Other debts (+€114,560) and Net result for the year (+€48,296)
- Receivables within one year -€17,069
down €17,069 (-63.6%), from €26,841 to €9,772
of which Other amounts receivable: -€11,229
- Tangible fixed assets +€15,916
up €15,916 (+79.6%), from €19,990 to €35,905
of which Plant, machinery and equipment: +€8,446
- Other debts +€114,560
up €114,560 (+113,662%), from €101 to €114,660
- Profit (loss) carried forward -€65,704
down €65,704 (-99.6%), from €65,942 to €238
- Debts after one year -€5,447
down €5,447 (-65.9%), from €8,262 to €2,814
- Trade debts +€4,276
up €4,276, from €0 to €4,276
- Tax, wage and social debts +€3,559
up €3,559 (+48.2%), from €7,383 to €10,942
of which Taxes: +€3,432
- Gross operating margin +€48,612
up €48,612 (+115%), from €42,352 to €90,963
- Staff costs +€12,741
up €12,741 (+309%), from €4,125 to €16,866
- Taxes +€7,612
up €7,612 (+129%), from €5,911 to €13,524
- Depreciation +€7,582
up €7,582 (+302%), from €2,507 to €10,089
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,229 | €141,705 | +€51,476 | +57.1% |
| Fixed assets | 21/28 | €19,990 | €35,905 | +€15,916 | +79.6% |
| Tangible fixed assets | 22/27 | €19,990 | €35,905 | +€15,916 | +79.6% |
| Plant, machinery and equipment | 23 | - | €8,446 | +€8,446 | |
| Furniture and vehicles | 24 | €19,990 | €27,460 | +€7,470 | +37.4% |
| Current assets | 29/58 | €70,239 | €105,799 | +€35,560 | +50.6% |
| Amounts receivable within one year | 40/41 | €26,841 | €9,772 | -€17,069 | -63.6% |
| Trade receivables | 40 | €15,612 | €9,772 | -€5,840 | -37.4% |
| Other amounts receivable | 41 | €11,229 | - | -€11,229 | |
| Cash at bank and in hand | 54/58 | €43,398 | €95,866 | +€52,468 | +121% |
| Deferred charges and accrued income | 490/1 | - | €161 | +€161 | |
| Total equity and liabilities | 10/49 | €90,229 | €141,705 | +€51,476 | +57.1% |
| Equity | 10/15 | €68,942 | €3,238 | -€65,704 | -95.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,942 | €238 | -€65,704 | -99.6% |
| Amounts payable | 17/49 | €21,287 | €138,466 | +€117,179 | +550% |
| Amounts payable after more than one year | 17 | €8,262 | €2,814 | -€5,447 | -65.9% |
| Financial debts | 170/4 | €8,262 | €2,814 | -€5,447 | -65.9% |
| Amounts payable within one year | 42/48 | €13,025 | €135,652 | +€122,627 | +941% |
| Current portion of amounts payable after more than one year | 42 | €5,542 | €5,774 | +€233 | +4.2% |
| Trade debts | 44 | €0 | €4,276 | +€4,276 | |
| Suppliers | 440/4 | €0 | €4,276 | +€4,276 | |
| Taxes, remuneration and social security | 45 | €7,383 | €10,942 | +€3,559 | +48.2% |
| Taxes | 450/3 | €7,383 | €10,815 | +€3,432 | +46.5% |
| Remuneration and social security | 454/9 | - | €126 | +€126 | |
| Other amounts payable | 47/48 | €101 | €114,660 | +€114,560 | +113,662% |
| Remuneration, social security and pensions | 62 | €4,125 | €16,866 | +€12,741 | +309% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,507 | €10,089 | +€7,582 | +302% |
| Other operating charges | 640/8 | €838 | €606 | -€232 | -27.7% |
| Non-recurring operating charges | 66A | €3,231 | - | -€3,231 | |
| Gross operating margin | 9900 | €42,352 | €90,963 | +€48,612 | +115% |
| Operating profit (loss) | 9901 | €31,650 | €63,403 | +€31,753 | +100% |
| Financial income | 75/76B | €2 | €276 | +€274 | +12,965% |
| Recurring financial income | 75 | €2 | €276 | +€274 | +12,965% |
| Financial charges | 65/66B | €1,284 | €1,859 | +€575 | +44.8% |
| Recurring financial charges | 65 | €1,284 | €1,859 | +€575 | +44.8% |
| Profit (loss) for the period before taxes | 9903 | €30,369 | €61,820 | +€31,451 | +104% |
| Income taxes | 67/77 | €5,911 | €13,524 | +€7,612 | +129% |
| Profit (loss) for the period | 9904 | €24,457 | €48,296 | +€23,839 | +97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,457 | €48,296 | +€23,839 | +97.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.