PK DESIGN: 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.
PK DESIGN
Largest movements
- Receivables within one year -€120,371
down €120,371 (-50.6%), from €238,095 to €117,724
of which Other amounts receivable: -€77,622
- Deferred charges and accrued income -€33,534
no longer reported in 2025 (was €33,534)
- Tangible fixed assets -€11,722
down €11,722 (-35.4%), from €33,111 to €21,389
of which Other tangible fixed assets: -€11,993
- Cash -€10,493
down €10,493 (-39.8%), from €26,354 to €15,861
mainly Other debts (-€110,259) and Current portion of long-term debt (-€49,577)
- Stocks and contracts +€6,282
up €6,282 (+4.0%), from €157,257 to €163,540
- Other debts -€110,259
down €110,259 (-90.7%), from €121,501 to €11,242
- Current portion of long-term debt -€49,577
no longer reported in 2025 (was €49,577)
- Profit (loss) carried forward -€30,939
new in 2025: -€30,939
- Short-term financial debts +€17,609
new in 2025: €17,609
- Financial income -€185,849
down €185,849 (-61.8%), from €300,759 to €114,910
- Taxes -€39,951
down €39,951 (-98.8%), from €40,429 to €478
- Gross operating margin +€29,512
up €29,512 (+61.1%), from €48,321 to €77,833
- Other operating charges +€23,332
up €23,332 (+122.8%), from €18,996 to €42,327
- Depreciation -€2,172
down €2,172 (-14.9%), from €14,551 to €12,380
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 | €488,732 | €318,894 | -€169,837 | -34.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €33,491 | €21,770 | -€11,722 | -35.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €33,111 | €21,389 | -€11,722 | -35.4% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €845 | €1,116 | +€271 | +32.1% |
| Other tangible fixed assets | 26 | €32,266 | €20,273 | -€11,993 | -37.2% |
| Financial fixed assets | 28 | €381 | €381 | = | 0.0% |
| Current assets | 29/58 | €455,240 | €297,125 | -€158,116 | -34.7% |
| Stocks and contracts in progress | 3 | €157,257 | €163,540 | +€6,282 | +4.0% |
| Stocks | 30/36 | €157,257 | €163,540 | +€6,282 | +4.0% |
| Amounts receivable within one year | 40/41 | €238,095 | €117,724 | -€120,371 | -50.6% |
| Trade receivables | 40 | €127,349 | €84,601 | -€42,748 | -33.6% |
| Other amounts receivable | 41 | €110,746 | €33,124 | -€77,622 | -70.1% |
| Cash at bank and in hand | 54/58 | €26,354 | €15,861 | -€10,493 | -39.8% |
| Deferred charges and accrued income | 490/1 | €33,534 | - | -€33,534 | |
| Total equity and liabilities | 10/49 | €488,732 | €318,894 | -€169,837 | -34.8% |
| Equity | 10/15 | €100,000 | €69,061 | -€30,939 | -30.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€30,939 | -€30,939 | |
| Amounts payable | 17/49 | €388,732 | €249,834 | -€138,898 | -35.7% |
| Amounts payable within one year | 42/48 | €379,418 | €243,951 | -€135,467 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €49,577 | - | -€49,577 | |
| Financial debts | 43 | - | €17,609 | +€17,609 | |
| Credit institutions | 430/8 | - | €17,609 | +€17,609 | |
| Trade debts | 44 | €177,656 | €179,317 | +€1,661 | +0.9% |
| Suppliers | 440/4 | €177,656 | €179,317 | +€1,661 | +0.9% |
| Advances received on contracts in progress | 46 | - | €4,454 | +€4,454 | |
| Taxes, remuneration and social security | 45 | €30,684 | €31,329 | +€646 | +2.1% |
| Taxes | 450/3 | €8,851 | €446 | -€8,405 | -95.0% |
| Remuneration and social security | 454/9 | €21,832 | €30,883 | +€9,051 | +41.5% |
| Other amounts payable | 47/48 | €121,501 | €11,242 | -€110,259 | -90.7% |
| Accrued charges and deferred income | 492/3 | €9,314 | €5,883 | -€3,431 | -36.8% |
| Remuneration, social security and pensions | 62 | €148,613 | €148,219 | -€394 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,551 | €12,380 | -€2,172 | -14.9% |
| Other operating charges | 640/8 | €18,996 | €42,327 | +€23,332 | +122.8% |
| Non-recurring operating charges | 66A | - | €9,736 | +€9,736 | |
| Gross operating margin | 9900 | €48,321 | €77,833 | +€29,512 | +61.1% |
| Operating profit (loss) | 9901 | -€133,838 | -€134,828 | -€990 | -0.7% |
| Financial income | 75/76B | €300,759 | €114,910 | -€185,849 | -61.8% |
| Recurring financial income | 75 | €300,759 | €114,910 | -€185,849 | -61.8% |
| Financial charges | 65/66B | €9,594 | €10,543 | +€949 | +9.9% |
| Recurring financial charges | 65 | €9,594 | €10,543 | +€949 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €157,327 | -€30,461 | -€187,788 | |
| Income taxes | 67/77 | €40,429 | €478 | -€39,951 | -98.8% |
| Profit (loss) for the period | 9904 | €116,898 | -€30,939 | -€147,837 | |
| Profit (loss) for the period to be appropriated | 9905 | €116,898 | -€30,939 | -€147,837 |
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 6 October 2026 via checked.be.