PGVI: 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.
PGVI
Largest movements
- Tangible fixed assets -€48,890
down €48,890 (-6.1%), from €799,786 to €750,896
- Debts after one year -€103,769
down €103,769 (-21.9%), from €473,578 to €369,808
of which Financial debts: -€94,769
- Reserves +€47,474
up €47,474 (+21.3%), from €222,997 to €270,471
- Gross operating margin +€6,296
up €6,296 (+4.5%), from €139,563 to €145,859
- Financial charges -€1,830
down €1,830 (-16.8%), from €10,920 to €9,090
- Taxes +€1,794
up €1,794 (+12.7%), from €14,168 to €15,962
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €812,445 | €755,768 | -€56,676 | -7.0% |
| Fixed assets | 21/28 | €799,786 | €750,896 | -€48,890 | -6.1% |
| Tangible fixed assets | 22/27 | €799,786 | €750,896 | -€48,890 | -6.1% |
| Land and buildings | 22 | €799,786 | €750,896 | -€48,890 | -6.1% |
| Current assets | 29/58 | €12,659 | €4,873 | -€7,786 | -61.5% |
| Cash at bank and in hand | 54/58 | €12,659 | €4,873 | -€7,786 | -61.5% |
| Total equity and liabilities | 10/49 | €812,445 | €755,768 | -€56,676 | -7.0% |
| Equity | 10/15 | €241,597 | €289,071 | +€47,474 | +19.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €222,997 | €270,471 | +€47,474 | +21.3% |
| Distributable reserves | 133 | €222,997 | €270,471 | +€47,474 | +21.3% |
| Amounts payable | 17/49 | €570,848 | €466,698 | -€104,150 | -18.2% |
| Amounts payable after more than one year | 17 | €473,578 | €369,808 | -€103,769 | -21.9% |
| Financial debts | 170/4 | €464,578 | €369,808 | -€94,769 | -20.4% |
| Other amounts payable | 178/9 | €9,000 | €0 | -€9,000 | -100% |
| Amounts payable within one year | 42/48 | €96,618 | €96,889 | +€271 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €93,201 | €94,769 | +€1,568 | +1.7% |
| Trade debts | 44 | €1,091 | €0 | -€1,091 | -100% |
| Suppliers | 440/4 | €1,091 | €0 | -€1,091 | -100% |
| Taxes, remuneration and social security | 45 | €2,326 | €2,120 | -€206 | -8.9% |
| Taxes | 450/3 | €2,326 | €2,120 | -€206 | -8.9% |
| Accrued charges and deferred income | 492/3 | €652 | €0 | -€652 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,061 | €60,048 | -€12 | 0.0% |
| Other operating charges | 640/8 | €12,957 | €13,285 | +€328 | +2.5% |
| Gross operating margin | 9900 | €139,563 | €145,859 | +€6,296 | +4.5% |
| Operating profit (loss) | 9901 | €66,545 | €72,526 | +€5,980 | +9.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €10,920 | €9,090 | -€1,830 | -16.8% |
| Recurring financial charges | 65 | €10,920 | €9,090 | -€1,830 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €55,626 | €63,436 | +€7,811 | +14.0% |
| Income taxes | 67/77 | €14,168 | €15,962 | +€1,794 | +12.7% |
| Profit (loss) for the period | 9904 | €41,458 | €47,474 | +€6,017 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,458 | €47,474 | +€6,017 | +14.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.