PGS Management SCS: 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.
PGS Management SCS
Largest movements
- Receivables after one year -€38,200
down €38,200 (-50.3%), from €75,893 to €37,693
- Tangible fixed assets -€18,666
down €18,666 (-73.9%), from €25,259 to €6,594
- Cash +€2,835
up €2,835 (+10.1%), from €27,967 to €30,803
mainly Net result for the year (+€53,800) and Receivables after one year (+€38,200)
- Receivables within one year +€1,605
up €1,605 (+304%), from €528 to €2,133
of which Trade receivables: +€2,133
- Profit (loss) carried forward -€58,200
down €58,200 (-60.9%), from €95,606 to €37,407
- Other debts +€5,917
up €5,917 (+77.0%), from €7,681 to €13,597
- Trade debts -€5,355
down €5,355 (-87.8%), from €6,101 to €746
- Tax, wage and social debts +€3,481
up €3,481 (+17.4%), from €20,015 to €23,496
of which Taxes: +€3,781
- Gross operating margin +€5,286
up €5,286 (+7.4%), from €70,958 to €76,244
- Taxes +€2,441
up €2,441 (+15.0%), from €16,221 to €18,662
- Financial charges +€1,130
up €1,130 (+146%), from €776 to €1,907
- Depreciation +€1,101
up €1,101 (+57.5%), from €1,913 to €3,014
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,004 | €77,623 | -€53,381 | -40.7% |
| Fixed assets | 21/28 | €26,152 | €6,886 | -€19,266 | -73.7% |
| Tangible fixed assets | 22/27 | €25,259 | €6,594 | -€18,666 | -73.9% |
| Furniture and vehicles | 24 | €25,259 | €6,594 | -€18,666 | -73.9% |
| Financial fixed assets | 28 | €893 | €293 | -€600 | -67.2% |
| Current assets | 29/58 | €104,853 | €70,737 | -€34,116 | -32.5% |
| Amounts receivable after more than one year | 29 | €75,893 | €37,693 | -€38,200 | -50.3% |
| Other amounts receivable | 291 | €75,893 | €37,693 | -€38,200 | -50.3% |
| Amounts receivable within one year | 40/41 | €528 | €2,133 | +€1,605 | +304% |
| Trade receivables | 40 | - | €2,133 | +€2,133 | |
| Other amounts receivable | 41 | €528 | - | -€528 | |
| Cash at bank and in hand | 54/58 | €27,967 | €30,803 | +€2,835 | +10.1% |
| Deferred charges and accrued income | 490/1 | €465 | €108 | -€356 | -76.7% |
| Total equity and liabilities | 10/49 | €131,004 | €77,623 | -€53,381 | -40.7% |
| Equity | 10/15 | €97,156 | €38,957 | -€58,200 | -59.9% |
| Contributions | 10/11 | €1,550 | €1,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,606 | €37,407 | -€58,200 | -60.9% |
| Amounts payable | 17/49 | €33,848 | €38,667 | +€4,818 | +14.2% |
| Amounts payable within one year | 42/48 | €33,848 | €38,667 | +€4,818 | +14.2% |
| Financial debts | 43 | €51 | €827 | +€776 | +1,513% |
| Credit institutions | 430/8 | €51 | €827 | +€776 | +1,513% |
| Trade debts | 44 | €6,101 | €746 | -€5,355 | -87.8% |
| Suppliers | 440/4 | €6,101 | €746 | -€5,355 | -87.8% |
| Taxes, remuneration and social security | 45 | €20,015 | €23,496 | +€3,481 | +17.4% |
| Taxes | 450/3 | €19,715 | €23,496 | +€3,781 | +19.2% |
| Remuneration and social security | 454/9 | €300 | - | -€300 | |
| Other amounts payable | 47/48 | €7,681 | €13,597 | +€5,917 | +77.0% |
| Non-recurring operating income | 76A | €4,146 | - | -€4,146 | |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,913 | €3,014 | +€1,101 | +57.5% |
| Other operating charges | 640/8 | €456 | €682 | +€226 | +49.5% |
| Gross operating margin | 9900 | €70,958 | €76,244 | +€5,286 | +7.4% |
| Operating profit (loss) | 9901 | €68,588 | €72,548 | +€3,960 | +5.8% |
| Financial income | 75/76B | €1,780 | €1,821 | +€40 | +2.3% |
| Recurring financial income | 75 | €1,780 | €1,821 | +€40 | +2.3% |
| Financial charges | 65/66B | €776 | €1,907 | +€1,130 | +146% |
| Recurring financial charges | 65 | €776 | €1,907 | +€1,130 | +146% |
| Profit (loss) for the period before taxes | 9903 | €69,592 | €72,462 | +€2,870 | +4.1% |
| Income taxes | 67/77 | €16,221 | €18,662 | +€2,441 | +15.0% |
| Profit (loss) for the period | 9904 | €53,371 | €53,800 | +€430 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,371 | €53,800 | +€430 | +0.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.