PGS REVERSE EUROPE: 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.
What changed
PGS REVERSE EUROPE
NACE 77.229, Renting and leasing of other personal and household goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€340,651
2024 · €437,237-€96,587
Equity
€3.5m
2024 · €3.2m+€340,651
Cash
€395,485
2024 · €299,912+€95,574
Balance sheet total
€8.1m
2024 · €6.1m+€2.0m
Largest movements
Assets
- Stocks and contracts +€2.3m
up €2.3m, from €0 to €2.3m
- Tangible fixed assets -€1.2m
down €1.2m (-85.5%), from €1.4m to €202,697
of which Other tangible fixed assets: -€1.2m
- Receivables within one year +€882,751
up €882,751 (+25.7%), from €3.4m to €4.3m
of which Other amounts receivable: +€711,353
- Cash +€95,574
up €95,574 (+31.9%), from €299,912 to €395,485
mainly Trade debts (+€1.6m) and Investment in fixed assets (net) (+€1.2m)
Equity and liabilities
- Trade debts +€1.6m
up €1.6m (+58.0%), from €2.8m to €4.4m
- Reserves +€340,651
up €340,651 (+14.5%), from €2.3m to €2.7m
of which Distributable reserves: +€626,931
Income statement
- Goods and materials +€5.0m
up €5.0m (+66.2%), from €7.6m to €12.6m
of which Purchases: +€7.3m
- Turnover +€4.8m
up €4.8m (+50.1%), from €9.5m to €14.3m
- Depreciation -€155,754
down €155,754 (-78.8%), from €197,537 to €41,783
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.
Result 2024
€437,237
Turnover
+€4.8m
Other operating income
-€625
Goods and materials
-€5.0m
Services and other goods
-€45,169
Staff costs
-€64,681
Depreciation
+€155,754
Other operating charges
-€18
Financial income
+€39,849
Financial charges
-€555
Taxes
+€31,081
Result 2025
€340,651
raises the resultlowers the result
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.
From operations
-€1.1m
Investment
+€1.2m
Financing
+€51,774
Cash 2024
€299,912
From operations (derived)
-€1.1m
Net result for the year
+€340,651
Depreciation
+€41,783
Stocks and contracts
-€2.3m
Receivables within one year
-€882,751
Deferred charges and accrued income
+€40,000
Trade debts
+€1.6m
Tax, wage and social debts
-€2,767
Investment (derived)
+€1.2m
Investment in fixed assets (net)
+€1.2m
Financing
+€51,774
Short-term financial debts
+€51,774
Cash 2025
€395,485
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,071,659 | €8,085,601 | +€2.0m | +33.2% |
| Fixed assets | 21/28 | €1,397,451 | €202,697 | -€1.2m | -85.5% |
| Tangible fixed assets | 22/27 | €1,397,451 | €202,697 | -€1.2m | -85.5% |
| Furniture and vehicles | 24 | €65,438 | €44,129 | -€21,310 | -32.6% |
| Other tangible fixed assets | 26 | €1,332,012 | €158,568 | -€1.2m | -88.1% |
| Current assets | 29/58 | €4,674,209 | €7,882,904 | +€3.2m | +68.6% |
| Amounts receivable after more than one year | 29 | €875,000 | €875,000 | = | 0.0% |
| Other amounts receivable | 291 | €875,000 | €875,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €2,270,371 | +€2.3m | |
| Stocks | 30/36 | - | €2,270,371 | +€2.3m | |
| Goods purchased for resale | 34 | - | €2,270,371 | +€2.3m | |
| Amounts receivable within one year | 40/41 | €3,433,692 | €4,316,443 | +€882,751 | +25.7% |
| Trade receivables | 40 | €2,750,508 | €2,921,907 | +€171,398 | +6.2% |
| Other amounts receivable | 41 | €683,183 | €1,394,536 | +€711,353 | +104% |
| Cash at bank and in hand | 54/58 | €299,912 | €395,485 | +€95,574 | +31.9% |
| Deferred charges and accrued income | 490/1 | €65,605 | €25,605 | -€40,000 | -61.0% |
| Total equity and liabilities | 10/49 | €6,071,659 | €8,085,601 | +€2.0m | +33.2% |
| Equity | 10/15 | €3,193,621 | €3,534,272 | +€340,651 | +10.7% |
| Contributions | 10/11 | €852,000 | €852,000 | = | 0.0% |
| Capital | 10 | €852,000 | €852,000 | = | 0.0% |
| Issued capital | 100 | €852,000 | €852,000 | = | 0.0% |
| Reserves | 13 | €2,341,621 | €2,682,272 | +€340,651 | +14.5% |
| Non-distributable reserves | 130/1 | €85,200 | €85,200 | = | 0.0% |
| Legal reserve | 130 | €85,200 | €85,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €999,997 | €713,717 | -€286,280 | -28.6% |
| Distributable reserves | 133 | €1,256,424 | €1,883,355 | +€626,931 | +49.9% |
| Amounts payable | 17/49 | €2,878,038 | €4,551,329 | +€1.7m | +58.1% |
| Amounts payable within one year | 42/48 | €2,878,038 | €4,551,329 | +€1.7m | +58.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €51,774 | +€51,774 | |
| Credit institutions | 430/8 | - | €51,774 | +€51,774 | |
| Trade debts | 44 | €2,800,106 | €4,424,390 | +€1.6m | +58.0% |
| Suppliers | 440/4 | €2,800,106 | €4,424,390 | +€1.6m | +58.0% |
| Taxes, remuneration and social security | 45 | €77,932 | €75,165 | -€2,767 | -3.5% |
| Taxes | 450/3 | €16,607 | €9,613 | -€6,994 | -42.1% |
| Remuneration and social security | 454/9 | €61,325 | €65,552 | +€4,227 | +6.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Operating income | 70/76A | €9,545,512 | €14,330,867 | +€4.8m | +50.1% |
| Turnover | 70 | €9,544,887 | €14,330,867 | +€4.8m | +50.1% |
| Other operating income | 74 | €625 | €0 | -€625 | -100% |
| Operating charges | 60/66A | €8,975,970 | €13,928,287 | +€5.0m | +55.2% |
| Goods for resale, raw materials and consumables | 60 | €7,554,181 | €12,552,385 | +€5.0m | +66.2% |
| Purchases | 600/8 | €7,554,181 | €14,822,756 | +€7.3m | +96.2% |
| Change in stocks: decrease (increase) | 609 | - | -€2,270,371 | -€2.3m | |
| Services and other goods | 61 | €904,987 | €950,156 | +€45,169 | +5.0% |
| Remuneration, social security and pensions | 62 | €318,189 | €382,870 | +€64,681 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197,537 | €41,783 | -€155,754 | -78.8% |
| Other operating charges | 640/8 | €1,075 | €1,094 | +€18 | +1.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €569,542 | €402,580 | -€166,962 | -29.3% |
| Financial income | 75/76B | €17,440 | €57,289 | +€39,849 | +228% |
| Recurring financial income | 75 | €17,440 | €57,289 | +€39,849 | +228% |
| Income from current assets | 751 | €15,347 | €21,875 | +€6,528 | +42.5% |
| Other financial income | 752/9 | €2,092 | €35,414 | +€33,322 | +1,593% |
| Financial charges | 65/66B | €5,908 | €6,463 | +€555 | +9.4% |
| Recurring financial charges | 65 | €5,908 | €6,463 | +€555 | +9.4% |
| Debt charges | 650 | €3,586 | €4,253 | +€667 | +18.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €2,322 | €2,210 | -€112 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €581,073 | €453,406 | -€127,668 | -22.0% |
| Income taxes | 67/77 | €143,836 | €112,755 | -€31,081 | -21.6% |
| Taxes | 670/3 | €143,836 | €112,755 | -€31,081 | -21.6% |
| Profit (loss) for the period | 9904 | €437,237 | €340,651 | -€96,587 | -22.1% |
| Transfer from tax-exempt reserves | 789 | - | €286,280 | +€286,280 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €437,237 | €626,931 | +€189,694 | +43.4% |
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 18 October 2026 via checked.be.