Pglas: what changed
What changed
Pglas
NACE 43.343, Specialised construction activities
filed annual accounts (NBB)
Net result for the year
€329,260
2024 · €526,202-€196,942
Equity
€942,022
2024 · €993,546-€51,524
Cash
€346,470
2024 · €336,586+€9,884
Balance sheet total
€1.4m
2024 · €1.5m-€41,182
Largest movements
Assets
- Receivables within one year -€35,105
down €35,105 (-9.0%), from €389,143 to €354,038
of which Trade receivables: -€41,870
- Tangible fixed assets -€32,673
down €32,673 (-10.8%), from €301,518 to €268,846
of which Other tangible fixed assets: -€24,667
- Deferred charges and accrued income -€27,574
down €27,574 (-94.4%), from €29,212 to €1,637
- Stocks and contracts +€24,238
up €24,238 (+11.6%), from €208,253 to €232,490
Equity and liabilities
- Reserves -€51,524
down €51,524 (-5.2%), from €987,346 to €935,822
- Trade debts +€51,335
up €51,335 (+27.5%), from €186,740 to €238,075
- Tax, wage and social debts -€36,392
down €36,392 (-53.0%), from €68,663 to €32,272
of which Remuneration and social security: -€36,392
Income statement
- Gross operating margin -€266,195
down €266,195 (-15.1%), from €1.8m to €1.5m
- Taxes -€69,345
down €69,345 (-37.4%), from €185,380 to €116,034
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.
Result 2024
€526,202
Gross operating margin
-€266,195
Staff costs
+€714
Depreciation
-€972
Write-downs
-€4,812
Other operating charges
+€12,174
Other operating items
-€1,000
Financial income
+€1,980
Financial charges
-€8,174
Taxes
+€69,345
Result 2025
€329,260
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€511,655
Investment
-€112,642
Financing
-€389,129
Cash 2024
€336,586
From operations (derived)
+€511,655
Net result for the year
+€329,260
Depreciation
+€125,265
Stocks and contracts
-€24,238
Receivables within one year
+€35,105
Deferred charges and accrued income
+€27,574
Trade debts
+€51,335
Tax, wage and social debts
-€36,392
Advances received
+€4,372
Other debts
-€627
Investment (derived)
-€112,642
Investment in fixed assets (net)
-€106,151
Current investments
-€6,491
Financing
-€389,129
Debts after one year
-€14,542
Current portion of long-term debt
+€5,127
Short-term financial debts
+€1,069
Contributions, distributions and other
-€380,784
Cash 2025
€346,470
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,480,133 | €1,438,950 | -€41,182 | -2.8% |
| Fixed assets | 21/28 | €354,446 | €335,331 | -€19,115 | -5.4% |
| Intangible fixed assets | 21 | €52,927 | €66,485 | +€13,558 | +25.6% |
| Tangible fixed assets | 22/27 | €301,518 | €268,846 | -€32,673 | -10.8% |
| Plant, machinery and equipment | 23 | €6,806 | €5,087 | -€1,719 | -25.3% |
| Furniture and vehicles | 24 | €17,113 | €7,512 | -€9,601 | -56.1% |
| Leasing and similar rights | 25 | €116,785 | €120,100 | +€3,315 | +2.8% |
| Other tangible fixed assets | 26 | €160,814 | €136,147 | -€24,667 | -15.3% |
| Current assets | 29/58 | €1,125,687 | €1,103,620 | -€22,067 | -2.0% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €208,253 | €232,490 | +€24,238 | +11.6% |
| Stocks | 30/36 | €208,253 | €232,490 | +€24,238 | +11.6% |
| Amounts receivable within one year | 40/41 | €389,143 | €354,038 | -€35,105 | -9.0% |
| Trade receivables | 40 | €328,303 | €286,433 | -€41,870 | -12.8% |
| Other amounts receivable | 41 | €60,840 | €67,605 | +€6,765 | +11.1% |
| Current investments | 50/53 | €132,494 | €138,985 | +€6,491 | +4.9% |
| Cash at bank and in hand | 54/58 | €336,586 | €346,470 | +€9,884 | +2.9% |
| Deferred charges and accrued income | 490/1 | €29,212 | €1,637 | -€27,574 | -94.4% |
| Total equity and liabilities | 10/49 | €1,480,133 | €1,438,950 | -€41,182 | -2.8% |
| Equity | 10/15 | €993,546 | €942,022 | -€51,524 | -5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €987,346 | €935,822 | -€51,524 | -5.2% |
| Distributable reserves | 133 | €987,346 | €935,822 | -€51,524 | -5.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €486,587 | €496,929 | +€10,342 | +2.1% |
| Amounts payable after more than one year | 17 | €130,968 | €116,427 | -€14,542 | -11.1% |
| Financial debts | 170/4 | €130,968 | €116,427 | -€14,542 | -11.1% |
| Amounts payable within one year | 42/48 | €355,618 | €380,502 | +€24,884 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €48,742 | €53,869 | +€5,127 | +10.5% |
| Financial debts | 43 | €40,957 | €42,026 | +€1,069 | +2.6% |
| Credit institutions | 430/8 | €40,957 | €42,026 | +€1,069 | +2.6% |
| Trade debts | 44 | €186,740 | €238,075 | +€51,335 | +27.5% |
| Suppliers | 440/4 | €186,740 | €238,075 | +€51,335 | +27.5% |
| Advances received on contracts in progress | 46 | - | €4,372 | +€4,372 | |
| Taxes, remuneration and social security | 45 | €68,663 | €32,272 | -€36,392 | -53.0% |
| Taxes | 450/3 | €7,969 | €7,969 | = | 0.0% |
| Remuneration and social security | 454/9 | €60,695 | €24,303 | -€36,392 | -60.0% |
| Other amounts payable | 47/48 | €10,517 | €9,889 | -€627 | -6.0% |
| Remuneration, social security and pensions | 62 | €931,065 | €930,352 | -€714 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,293 | €125,265 | +€972 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €751 | €5,564 | +€4,812 | +640% |
| Other operating charges | 640/8 | €17,677 | €5,503 | -€12,174 | -68.9% |
| Non-recurring operating charges | 66A | €0 | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €1,765,687 | €1,499,492 | -€266,195 | -15.1% |
| Operating profit (loss) | 9901 | €691,900 | €431,808 | -€260,093 | -37.6% |
| Financial income | 75/76B | €31,883 | €33,863 | +€1,980 | +6.2% |
| Recurring financial income | 75 | €31,883 | €33,863 | +€1,980 | +6.2% |
| Financial charges | 65/66B | €12,202 | €20,377 | +€8,174 | +67.0% |
| Recurring financial charges | 65 | €12,202 | €20,377 | +€8,174 | +67.0% |
| Profit (loss) for the period before taxes | 9903 | €711,581 | €445,294 | -€266,287 | -37.4% |
| Income taxes | 67/77 | €185,380 | €116,034 | -€69,345 | -37.4% |
| Profit (loss) for the period | 9904 | €526,202 | €329,260 | -€196,942 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €526,202 | €329,260 | -€196,942 | -37.4% |
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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 2 November 2026 via checked.be.