PGRB: 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.
PGRB
Largest movements
- Receivables within one year -€26,004
down €26,004 (-49.8%), from €52,253 to €26,249
of which Trade receivables: -€21,654
- Tangible fixed assets -€18,996
down €18,996 (-23.4%), from €81,052 to €62,056
of which Plant, machinery and equipment: -€16,663
- Cash -€2,287
down €2,287 (-96.5%), from €2,370 to €84
mainly Net result for the year (-€50,483) and Tax, wage and social debts (-€3,948)
- Profit (loss) carried forward -€48,623
down €48,623 (-924%), from -€5,260 to -€53,882
- Current portion of long-term debt +€13,797
up €13,797 (+145%), from €9,523 to €23,320
- Tax, wage and social debts -€3,948
down €3,948 (-100%), from €3,948 to €0
- Trade debts -€3,528
down €3,528 (-15.7%), from €22,447 to €18,919
- Debts after one year -€1,953
down €1,953 (-2.2%), from €89,322 to €87,369
- Other operating charges +€54,247
up €54,247 (+4,023%), from €1,349 to €55,595
- Write-downs -€27,191
new in 2025: -€27,191
- Depreciation +€13,924
up €13,924 (+275%), from €5,072 to €18,996
- Gross operating margin -€13,741
down €13,741 (-65.8%), from €20,870 to €7,129
- Financial charges +€5,701
up €5,701 (+127%), from €4,488 to €10,189
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,441 | €94,325 | -€46,116 | -32.8% |
| Fixed assets | 21/28 | €81,238 | €62,242 | -€18,996 | -23.4% |
| Tangible fixed assets | 22/27 | €81,052 | €62,056 | -€18,996 | -23.4% |
| Plant, machinery and equipment | 23 | €77,048 | €60,385 | -€16,663 | -21.6% |
| Furniture and vehicles | 24 | €4,004 | €1,671 | -€2,333 | -58.3% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €59,202 | €32,083 | -€27,119 | -45.8% |
| Stocks and contracts in progress | 3 | €3,500 | €3,500 | = | 0.0% |
| Stocks | 30/36 | €3,500 | €3,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,253 | €26,249 | -€26,004 | -49.8% |
| Trade receivables | 40 | €37,060 | €15,406 | -€21,654 | -58.4% |
| Other amounts receivable | 41 | €15,193 | €10,842 | -€4,350 | -28.6% |
| Cash at bank and in hand | 54/58 | €2,370 | €84 | -€2,287 | -96.5% |
| Deferred charges and accrued income | 490/1 | €1,079 | €2,251 | +€1,172 | +109% |
| Total equity and liabilities | 10/49 | €140,441 | €94,325 | -€46,116 | -32.8% |
| Equity | 10/15 | €15,200 | -€35,282 | -€50,483 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100% |
| Profit (loss) carried forward | 14 | -€5,260 | -€53,882 | -€48,623 | -924% |
| Amounts payable | 17/49 | €125,240 | €129,607 | +€4,367 | +3.5% |
| Amounts payable after more than one year | 17 | €89,322 | €87,369 | -€1,953 | -2.2% |
| Financial debts | 170/4 | €89,322 | €87,369 | -€1,953 | -2.2% |
| Amounts payable within one year | 42/48 | €35,918 | €42,239 | +€6,320 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €9,523 | €23,320 | +€13,797 | +145% |
| Trade debts | 44 | €22,447 | €18,919 | -€3,528 | -15.7% |
| Suppliers | 440/4 | €22,447 | €18,919 | -€3,528 | -15.7% |
| Taxes, remuneration and social security | 45 | €3,948 | €0 | -€3,948 | -100% |
| Taxes | 450/3 | €3,948 | €0 | -€3,948 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,072 | €18,996 | +€13,924 | +275% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€27,191 | -€27,191 | |
| Other operating charges | 640/8 | €1,349 | €55,595 | +€54,247 | +4,023% |
| Non-recurring operating charges | 66A | €3,904 | €0 | -€3,904 | -100% |
| Gross operating margin | 9900 | €20,870 | €7,129 | -€13,741 | -65.8% |
| Operating profit (loss) | 9901 | €10,546 | -€40,272 | -€50,818 | |
| Financial charges | 65/66B | €4,488 | €10,189 | +€5,701 | +127% |
| Recurring financial charges | 65 | €4,488 | €10,189 | +€5,701 | +127% |
| Profit (loss) for the period before taxes | 9903 | €6,058 | -€50,461 | -€56,519 | |
| Income taxes | 67/77 | €3,974 | €22 | -€3,952 | -99.5% |
| Profit (loss) for the period | 9904 | €2,084 | -€50,483 | -€52,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,084 | -€50,483 | -€52,567 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.