PK Services: 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 Services
Largest movements
- Receivables within one year +€65,076
up €65,076 (+24.1%), from €270,131 to €335,207
of which Trade receivables: +€35,431
- Cash -€41,820
down €41,820 (-59.3%), from €70,494 to €28,674
mainly Receivables within one year (-€65,076) and Other debts (-€21,320)
- Tangible fixed assets -€16,497
down €16,497 (-18.6%), from €88,724 to €72,227
of which Furniture and vehicles: -€18,071
- Stocks and contracts +€8,230
new in 2025: €8,230
- Reserves +€52,990
up €52,990 (+24.8%), from €213,546 to €266,537
of which Distributable reserves: +€52,990
- Other debts -€21,320
down €21,320 (-58.5%), from €36,425 to €15,105
- Debts after one year -€15,967
down €15,967 (-34.0%), from €46,906 to €30,938
- Gross operating margin +€43,913
up €43,913 (+52.0%), from €84,385 to €128,298
- Depreciation +€16,931
up €16,931 (+1132.5%), from €1,495 to €18,426
- Taxes +€6,853
up €6,853 (+23.5%), from €29,114 to €35,967
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 | €434,700 | €448,220 | +€13,520 | +3.1% |
| Fixed assets | 21/28 | €88,724 | €72,227 | -€16,497 | -18.6% |
| Tangible fixed assets | 22/27 | €88,724 | €72,227 | -€16,497 | -18.6% |
| Plant, machinery and equipment | 23 | - | €1,573 | +€1,573 | |
| Furniture and vehicles | 24 | €88,724 | €70,654 | -€18,071 | -20.4% |
| Current assets | 29/58 | €345,976 | €375,993 | +€30,017 | +8.7% |
| Stocks and contracts in progress | 3 | - | €8,230 | +€8,230 | |
| Stocks | 30/36 | - | €8,230 | +€8,230 | |
| Amounts receivable within one year | 40/41 | €270,131 | €335,207 | +€65,076 | +24.1% |
| Trade receivables | 40 | €44,737 | €80,168 | +€35,431 | +79.2% |
| Other amounts receivable | 41 | €225,394 | €255,039 | +€29,645 | +13.2% |
| Current investments | 50/53 | €299 | €299 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,494 | €28,674 | -€41,820 | -59.3% |
| Deferred charges and accrued income | 490/1 | €5,052 | €3,584 | -€1,469 | -29.1% |
| Total equity and liabilities | 10/49 | €434,700 | €448,220 | +€13,520 | +3.1% |
| Equity | 10/15 | €297,146 | €350,137 | +€52,990 | +17.8% |
| Contributions | 10/11 | €83,600 | €83,600 | = | 0.0% |
| Reserves | 13 | €213,546 | €266,537 | +€52,990 | +24.8% |
| Tax-exempt reserves | 132 | €6,176 | €6,176 | = | 0.0% |
| Distributable reserves | 133 | €207,371 | €260,361 | +€52,990 | +25.6% |
| Amounts payable | 17/49 | €137,554 | €98,084 | -€39,470 | -28.7% |
| Amounts payable after more than one year | 17 | €46,906 | €30,938 | -€15,967 | -34.0% |
| Financial debts | 170/4 | €46,906 | €30,938 | -€15,967 | -34.0% |
| Amounts payable within one year | 42/48 | €87,022 | €65,321 | -€21,701 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €13,094 | €14,758 | +€1,664 | +12.7% |
| Trade debts | 44 | €1,103 | €1,054 | -€49 | -4.5% |
| Suppliers | 440/4 | €1,103 | €1,054 | -€49 | -4.5% |
| Taxes, remuneration and social security | 45 | €36,399 | €34,404 | -€1,995 | -5.5% |
| Taxes | 450/3 | €36,399 | €34,404 | -€1,995 | -5.5% |
| Other amounts payable | 47/48 | €36,425 | €15,105 | -€21,320 | -58.5% |
| Accrued charges and deferred income | 492/3 | €3,626 | €1,824 | -€1,802 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,495 | €18,426 | +€16,931 | +1132.5% |
| Other operating charges | 640/8 | €1,669 | €1,621 | -€48 | -2.9% |
| Gross operating margin | 9900 | €84,385 | €128,298 | +€43,913 | +52.0% |
| Operating profit (loss) | 9901 | €81,220 | €108,251 | +€27,031 | +33.3% |
| Financial income | 75/76B | €3,942 | €4,166 | +€224 | +5.7% |
| Recurring financial income | 75 | €3,942 | €4,166 | +€224 | +5.7% |
| Financial charges | 65/66B | €3,146 | €4,279 | +€1,133 | +36.0% |
| Recurring financial charges | 65 | €3,146 | €4,279 | +€1,133 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €82,017 | €108,139 | +€26,122 | +31.8% |
| Income taxes | 67/77 | €29,114 | €35,967 | +€6,853 | +23.5% |
| Profit (loss) for the period | 9904 | €52,903 | €72,172 | +€19,269 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,903 | €72,172 | +€19,269 | +36.4% |
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.