PGS SQUASHCONSTRUCTION: 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 SQUASHCONSTRUCTION
Largest movements
- Receivables within one year -€52,951
down €52,951 (-61.3%), from €86,385 to €33,434
of which Trade receivables: -€53,711
- Receivables after one year -€45,686
down €45,686 (-48.2%), from €94,861 to €49,175
- Tangible fixed assets -€12,731
down €12,731 (-5.5%), from €230,285 to €217,554
of which Land and buildings: -€15,698
- Cash -€5,921
down €5,921 (-15.4%), from €38,325 to €32,404
mainly Trade debts (-€57,961) and Contributions, distributions and other (-€56,009)
- Trade debts -€57,961
down €57,961 (-81.6%), from €71,046 to €13,085
- Reserves -€41,981
down €41,981 (-21.4%), from €195,935 to €153,954
of which Distributable reserves: -€41,981
- Debts after one year -€22,008
down €22,008 (-14.4%), from €153,170 to €131,162
- Gross operating margin -€8,787
down €8,787 (-16.1%), from €54,571 to €45,784
- Taxes +€2,577
up €2,577 (+72.5%), from €3,556 to €6,133
- Other operating charges +€642
up €642 (+16.1%), from €3,983 to €4,625
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.
Cash bridge derived
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 | €471,336 | €348,834 | -€122,502 | -26.0% |
| Fixed assets | 21/28 | €237,569 | €223,477 | -€14,092 | -5.9% |
| Tangible fixed assets | 22/27 | €230,285 | €217,554 | -€12,731 | -5.5% |
| Land and buildings | 22 | €230,285 | €214,587 | -€15,698 | -6.8% |
| Furniture and vehicles | 24 | - | €2,967 | +€2,967 | |
| Financial fixed assets | 28 | €7,284 | €5,923 | -€1,361 | -18.7% |
| Current assets | 29/58 | €233,767 | €125,357 | -€108,410 | -46.4% |
| Amounts receivable after more than one year | 29 | €94,861 | €49,175 | -€45,686 | -48.2% |
| Other amounts receivable | 291 | €94,861 | €49,175 | -€45,686 | -48.2% |
| Stocks and contracts in progress | 3 | €10,086 | €8,524 | -€1,562 | -15.5% |
| Stocks | 30/36 | €10,086 | €8,524 | -€1,562 | -15.5% |
| Amounts receivable within one year | 40/41 | €86,385 | €33,434 | -€52,951 | -61.3% |
| Trade receivables | 40 | €86,059 | €32,348 | -€53,711 | -62.4% |
| Other amounts receivable | 41 | €326 | €1,086 | +€760 | +233.4% |
| Cash at bank and in hand | 54/58 | €38,325 | €32,404 | -€5,921 | -15.4% |
| Deferred charges and accrued income | 490/1 | €4,111 | €1,821 | -€2,290 | -55.7% |
| Total equity and liabilities | 10/49 | €471,336 | €348,834 | -€122,502 | -26.0% |
| Equity | 10/15 | €215,767 | €173,786 | -€41,981 | -19.5% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €195,935 | €153,954 | -€41,981 | -21.4% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €193,952 | €151,971 | -€41,981 | -21.6% |
| Amounts payable | 17/49 | €255,569 | €175,048 | -€80,521 | -31.5% |
| Amounts payable after more than one year | 17 | €153,170 | €131,162 | -€22,008 | -14.4% |
| Financial debts | 170/4 | €153,170 | €131,162 | -€22,008 | -14.4% |
| Amounts payable within one year | 42/48 | €100,604 | €42,130 | -€58,474 | -58.1% |
| Current portion of amounts payable after more than one year | 42 | €21,791 | €22,008 | +€217 | +1.0% |
| Trade debts | 44 | €71,046 | €13,085 | -€57,961 | -81.6% |
| Suppliers | 440/4 | €71,046 | €13,085 | -€57,961 | -81.6% |
| Advances received on contracts in progress | 46 | €4,211 | - | -€4,211 | |
| Taxes, remuneration and social security | 45 | €3,556 | €7,037 | +€3,481 | +97.9% |
| Taxes | 450/3 | €3,556 | €7,037 | +€3,481 | +97.9% |
| Accrued charges and deferred income | 492/3 | €1,795 | €1,756 | -€39 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,698 | €15,717 | +€20 | +0.1% |
| Other operating charges | 640/8 | €3,983 | €4,625 | +€642 | +16.1% |
| Gross operating margin | 9900 | €54,571 | €45,784 | -€8,787 | -16.1% |
| Operating profit (loss) | 9901 | €34,891 | €25,442 | -€9,449 | -27.1% |
| Financial income | 75/76B | €2,733 | €2,335 | -€398 | -14.5% |
| Recurring financial income | 75 | €2,733 | €2,335 | -€398 | -14.5% |
| Financial charges | 65/66B | €7,757 | €7,616 | -€141 | -1.8% |
| Recurring financial charges | 65 | €7,757 | €7,616 | -€141 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €29,866 | €20,161 | -€9,705 | -32.5% |
| Income taxes | 67/77 | €3,556 | €6,133 | +€2,577 | +72.5% |
| Profit (loss) for the period | 9904 | €26,310 | €14,028 | -€12,282 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,310 | €14,028 | -€12,282 | -46.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.