PKC: 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.
PKC
Largest movements
- Receivables within one year -€282,724
down €282,724 (-83.1%), from €340,113 to €57,389
of which Other amounts receivable: -€300,000
- Cash +€100,941
up €100,941 (+125.2%), from €80,594 to €181,535
mainly Receivables within one year (+€282,724) and Net result for the year (+€96,483)
- Tangible fixed assets -€14,894
down €14,894 (-3.1%), from €479,400 to €464,506
of which Furniture and vehicles: -€14,894
- Debts after one year -€212,565
down €212,565 (-79.2%), from €268,415 to €55,850
- Current portion of long-term debt -€29,567
down €29,567 (-22.7%), from €130,131 to €100,565
- Short-term financial debts +€29,167
new in 2025: €29,167
- Reserves +€20,036
up €20,036 (+2.3%), from €883,632 to €903,668
- Financial income -€300,043
down €300,043 (-100.0%), from €300,049 to €6
- Gross operating margin +€22,172
up €22,172 (+15.6%), from €142,216 to €164,388
- Taxes -€20,927
down €20,927 (-27.2%), from €76,979 to €56,052
- Depreciation -€17,183
down €17,183 (-81.6%), from €21,053 to €3,870
- Financial charges +€4,101
up €4,101 (+120.6%), from €3,401 to €7,502
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 | €1,440,871 | €1,244,794 | -€196,077 | -13.6% |
| Fixed assets | 21/28 | €1,017,744 | €1,002,849 | -€14,894 | -1.5% |
| Tangible fixed assets | 22/27 | €479,400 | €464,506 | -€14,894 | -3.1% |
| Land and buildings | 22 | €461,243 | €461,243 | = | 0.0% |
| Furniture and vehicles | 24 | €18,157 | €3,263 | -€14,894 | -82.0% |
| Financial fixed assets | 28 | €538,344 | €538,344 | = | 0.0% |
| Current assets | 29/58 | €423,127 | €241,945 | -€181,183 | -42.8% |
| Amounts receivable within one year | 40/41 | €340,113 | €57,389 | -€282,724 | -83.1% |
| Trade receivables | 40 | €39,887 | €57,163 | +€17,276 | +43.3% |
| Other amounts receivable | 41 | €300,226 | €226 | -€300,000 | -99.9% |
| Cash at bank and in hand | 54/58 | €80,594 | €181,535 | +€100,941 | +125.2% |
| Deferred charges and accrued income | 490/1 | €2,421 | €3,020 | +€600 | +24.8% |
| Total equity and liabilities | 10/49 | €1,440,871 | €1,244,794 | -€196,077 | -13.6% |
| Equity | 10/15 | €983,632 | €1,003,668 | +€20,036 | +2.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €883,632 | €903,668 | +€20,036 | +2.3% |
| Distributable reserves | 133 | €883,632 | €903,668 | +€20,036 | +2.3% |
| Amounts payable | 17/49 | €457,240 | €241,126 | -€216,113 | -47.3% |
| Amounts payable after more than one year | 17 | €268,415 | €55,850 | -€212,565 | -79.2% |
| Financial debts | 170/4 | €268,415 | €55,850 | -€212,565 | -79.2% |
| Amounts payable within one year | 42/48 | €188,825 | €185,276 | -€3,549 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €130,131 | €100,565 | -€29,567 | -22.7% |
| Financial debts | 43 | - | €29,167 | +€29,167 | |
| Credit institutions | 430/8 | - | €29,167 | +€29,167 | |
| Trade debts | 44 | €9,464 | €9,938 | +€474 | +5.0% |
| Suppliers | 440/4 | €9,464 | €9,938 | +€474 | +5.0% |
| Taxes, remuneration and social security | 45 | €48,389 | €44,658 | -€3,731 | -7.7% |
| Taxes | 450/3 | €48,389 | €39,146 | -€9,244 | -19.1% |
| Remuneration and social security | 454/9 | - | €5,512 | +€5,512 | |
| Other amounts payable | 47/48 | €840 | €949 | +€109 | +13.0% |
| Non-recurring operating income | 76A | - | €13,769 | +€13,769 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,053 | €3,870 | -€17,183 | -81.6% |
| Other operating charges | 640/8 | €342 | €486 | +€144 | +42.3% |
| Gross operating margin | 9900 | €142,216 | €164,388 | +€22,172 | +15.6% |
| Operating profit (loss) | 9901 | €120,821 | €160,031 | +€39,210 | +32.5% |
| Financial income | 75/76B | €300,049 | €6 | -€300,043 | -100.0% |
| Recurring financial income | 75 | €300,049 | €6 | -€300,043 | -100.0% |
| Financial charges | 65/66B | €3,401 | €7,502 | +€4,101 | +120.6% |
| Recurring financial charges | 65 | €3,401 | €7,502 | +€4,101 | +120.6% |
| Profit (loss) for the period before taxes | 9903 | €417,470 | €152,535 | -€264,934 | -63.5% |
| Income taxes | 67/77 | €76,979 | €56,052 | -€20,927 | -27.2% |
| Profit (loss) for the period | 9904 | €340,490 | €96,483 | -€244,007 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €340,490 | €96,483 | -€244,007 | -71.7% |
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.