PGTronic: what changed
Two fiscal 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.
PGTronic
Largest movements
- Receivables within one year -€65,209
down €65,209 (-91.2%), from €71,508 to €6,299
of which Other amounts receivable: -€71,508
- Cash +€56,021
up €56,021 (+15.3%), from €365,394 to €421,415
- Tangible fixed assets +€37,164
up €37,164 (+496.0%), from €7,493 to €44,657
of which Furniture and vehicles: +€38,614
- Reserves -€49,409
down €49,409 (-24.1%), from €204,845 to €155,436
of which Distributable reserves: -€49,409
- Other debts +€47,873
up €47,873 (+92.8%), from €51,600 to €99,473
- Tax, wage and social debts +€30,489
up €30,489 (+225.6%), from €13,516 to €44,005
- Gross operating margin +€104,404
up €104,404 (+1220.8%), from €8,552 to €112,956
- Taxes +€32,717
up €32,717 (+1547.6%), from €2,114 to €34,831
- Depreciation -€1,912
down €1,912 (-24.7%), from €7,736 to €5,825
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €445,307 | €473,581 | +€28,274 | +6.3% |
| Fixed assets | 21/28 | €7,493 | €44,657 | +€37,164 | +496.0% |
| Tangible fixed assets | 22/27 | €7,493 | €44,657 | +€37,164 | +496.0% |
| Furniture and vehicles | 24 | €968 | €39,582 | +€38,614 | +3990.8% |
| Other tangible fixed assets | 26 | €6,525 | €5,075 | -€1,450 | -22.2% |
| Current assets | 29/58 | €437,814 | €428,924 | -€8,890 | -2.0% |
| Amounts receivable within one year | 40/41 | €71,508 | €6,299 | -€65,209 | -91.2% |
| Trade receivables | 40 | €0 | €6,299 | +€6,299 | |
| Other amounts receivable | 41 | €71,508 | €0 | -€71,508 | -100.0% |
| Cash at bank and in hand | 54/58 | €365,394 | €421,415 | +€56,021 | +15.3% |
| Deferred charges and accrued income | 490/1 | €912 | €1,211 | +€298 | +32.7% |
| Total equity and liabilities | 10/49 | €445,307 | €473,581 | +€28,274 | +6.3% |
| Equity | 10/15 | €378,961 | €329,552 | -€49,409 | -13.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €204,845 | €155,436 | -€49,409 | -24.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €202,985 | €153,576 | -€49,409 | -24.3% |
| Profit (loss) carried forward | 14 | €161,716 | €161,716 | = | 0.0% |
| Amounts payable | 17/49 | €66,345 | €144,029 | +€77,683 | +117.1% |
| Amounts payable within one year | 42/48 | €66,345 | €144,029 | +€77,683 | +117.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,229 | €550 | -€679 | -55.3% |
| Suppliers | 440/4 | €1,229 | €550 | -€679 | -55.3% |
| Taxes, remuneration and social security | 45 | €13,516 | €44,005 | +€30,489 | +225.6% |
| Taxes | 450/3 | €13,516 | €44,005 | +€30,489 | +225.6% |
| Other amounts payable | 47/48 | €51,600 | €99,473 | +€47,873 | +92.8% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,736 | €5,825 | -€1,912 | -24.7% |
| Other operating charges | 640/8 | €1,192 | €784 | -€408 | -34.2% |
| Gross operating margin | 9900 | €8,552 | €112,956 | +€104,404 | +1220.8% |
| Operating profit (loss) | 9901 | -€376 | €106,348 | +€106,724 | |
| Financial income | 75/76B | €3,306 | €2,424 | -€882 | -26.7% |
| Recurring financial income | 75 | €3,306 | €2,424 | -€882 | -26.7% |
| Financial charges | 65/66B | €311 | €539 | +€227 | +73.1% |
| Recurring financial charges | 65 | €311 | €539 | +€227 | +73.1% |
| Profit (loss) for the period before taxes | 9903 | €2,619 | €108,233 | +€105,614 | +4032.9% |
| Income taxes | 67/77 | €2,114 | €34,831 | +€32,717 | +1547.6% |
| Profit (loss) for the period | 9904 | €505 | €73,402 | +€72,897 | +14441.9% |
| Profit (loss) for the period to be appropriated | 9905 | €505 | €73,402 | +€72,897 | +14441.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.