PJC: 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.
PJC
Largest movements
- Cash -€20,624
down €20,624 (-48.4%), from €42,577 to €21,953
mainly Tax, wage and social debts (-€18,602) and Trade debts (-€7,353)
- Tax, wage and social debts -€18,602
down €18,602 (-11.1%), from €167,798 to €149,196
- Gross operating margin -€519,670
down €519,670, from €508,544 to -€11,126
- Taxes -€185,726
down €185,726, from €167,461 to -€18,265
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 | €762,827 | €741,749 | -€21,078 | -2.8% |
| Current assets | 29/58 | €762,827 | €741,749 | -€21,078 | -2.8% |
| Amounts receivable within one year | 40/41 | €720,250 | €719,796 | -€454 | -0.1% |
| Other amounts receivable | 41 | €720,250 | €719,796 | -€454 | -0.1% |
| Cash at bank and in hand | 54/58 | €42,577 | €21,953 | -€20,624 | -48.4% |
| Total equity and liabilities | 10/49 | €762,827 | €741,749 | -€21,078 | -2.8% |
| Equity | 10/15 | €286,757 | €292,468 | +€5,710 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €268,157 | €273,868 | +€5,710 | +2.1% |
| Distributable reserves | 133 | €268,157 | €273,868 | +€5,710 | +2.1% |
| Amounts payable | 17/49 | €476,070 | €449,282 | -€26,788 | -5.6% |
| Amounts payable within one year | 42/48 | €476,070 | €449,282 | -€26,788 | -5.6% |
| Trade debts | 44 | €7,438 | €85 | -€7,353 | -98.9% |
| Suppliers | 440/4 | €7,438 | €85 | -€7,353 | -98.9% |
| Advances received on contracts in progress | 46 | €300,000 | €300,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €167,798 | €149,196 | -€18,602 | -11.1% |
| Taxes | 450/3 | €167,798 | €149,196 | -€18,602 | -11.1% |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Non-recurring operating income | 76A | €6,251 | - | -€6,251 | |
| Other operating charges | 640/8 | €1,108 | €1,248 | +€140 | +12.7% |
| Gross operating margin | 9900 | €508,544 | -€11,126 | -€519,670 | |
| Operating profit (loss) | 9901 | €507,436 | -€12,375 | -€519,811 | |
| Financial charges | 65/66B | €3,370 | €180 | -€3,190 | -94.7% |
| Recurring financial charges | 65 | €3,370 | €180 | -€3,190 | -94.7% |
| Profit (loss) for the period before taxes | 9903 | €504,066 | -€12,555 | -€516,621 | |
| Income taxes | 67/77 | €167,461 | -€18,265 | -€185,726 | |
| Profit (loss) for the period | 9904 | €336,605 | €5,710 | -€330,895 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €336,605 | €5,710 | -€330,895 | -98.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.