PKS: 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.
PKS
Largest movements
- Stocks and contracts +€140,260
up €140,260 (+162%), from €86,508 to €226,768
- Receivables within one year -€67,670
down €67,670 (-78.2%), from €86,481 to €18,812
of which Trade receivables: -€74,825
- Cash -€4,886
down €4,886 (-34.8%), from €14,036 to €9,150
mainly Stocks and contracts (-€140,260) and Accrued charges and deferred income (-€21,732)
- Other debts +€107,161
up €107,161 (+93.3%), from €114,908 to €222,069
- Accrued charges and deferred income -€21,732
down €21,732 (-85.8%), from €25,332 to €3,600
- Tax, wage and social debts -€15,187
down €15,187 (-90.7%), from €16,738 to €1,551
of which Taxes: -€16,711
- Trade debts -€3,030
down €3,030 (-22.9%), from €13,243 to €10,213
- Gross operating margin -€29,538
down €29,538 (-69.3%), from €42,602 to €13,064
- Taxes -€10,188
down €10,188 (-99.9%), from €10,200 to €12
- Staff costs +€6,837
new in 2025: €6,837
- Depreciation +€1,302
up €1,302 (+42.3%), from €3,075 to €4,378
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.
Derived cash bridge
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 | €203,729 | €271,863 | +€68,134 | +33.4% |
| Fixed assets | 21/28 | €14,320 | €14,483 | +€164 | +1.1% |
| Tangible fixed assets | 22/27 | €14,320 | €14,483 | +€164 | +1.1% |
| Plant, machinery and equipment | 23 | €12,716 | €13,376 | +€660 | +5.2% |
| Furniture and vehicles | 24 | €1,604 | €1,108 | -€496 | -30.9% |
| Current assets | 29/58 | €189,410 | €257,380 | +€67,970 | +35.9% |
| Stocks and contracts in progress | 3 | €86,508 | €226,768 | +€140,260 | +162% |
| Stocks | 30/36 | €86,508 | €226,768 | +€140,260 | +162% |
| Amounts receivable within one year | 40/41 | €86,481 | €18,812 | -€67,670 | -78.2% |
| Trade receivables | 40 | €86,481 | €11,657 | -€74,825 | -86.5% |
| Other amounts receivable | 41 | - | €7,155 | +€7,155 | |
| Cash at bank and in hand | 54/58 | €14,036 | €9,150 | -€4,886 | -34.8% |
| Deferred charges and accrued income | 490/1 | €2,384 | €2,651 | +€266 | +11.2% |
| Total equity and liabilities | 10/49 | €203,729 | €271,863 | +€68,134 | +33.4% |
| Equity | 10/15 | €33,509 | €34,431 | +€922 | +2.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,509 | €29,431 | +€922 | +3.2% |
| Distributable reserves | 133 | €28,509 | €29,431 | +€922 | +3.2% |
| Amounts payable | 17/49 | €170,221 | €237,433 | +€67,212 | +39.5% |
| Amounts payable within one year | 42/48 | €144,889 | €233,833 | +€88,944 | +61.4% |
| Trade debts | 44 | €13,243 | €10,213 | -€3,030 | -22.9% |
| Suppliers | 440/4 | €13,243 | €10,213 | -€3,030 | -22.9% |
| Taxes, remuneration and social security | 45 | €16,738 | €1,551 | -€15,187 | -90.7% |
| Taxes | 450/3 | €16,738 | €27 | -€16,711 | -99.8% |
| Remuneration and social security | 454/9 | - | €1,524 | +€1,524 | |
| Other amounts payable | 47/48 | €114,908 | €222,069 | +€107,161 | +93.3% |
| Accrued charges and deferred income | 492/3 | €25,332 | €3,600 | -€21,732 | -85.8% |
| Remuneration, social security and pensions | 62 | - | €6,837 | +€6,837 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,075 | €4,378 | +€1,302 | +42.3% |
| Other operating charges | 640/8 | €767 | €711 | -€56 | -7.3% |
| Gross operating margin | 9900 | €42,602 | €13,064 | -€29,538 | -69.3% |
| Operating profit (loss) | 9901 | €38,760 | €1,138 | -€37,622 | -97.1% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €151 | €205 | +€54 | +35.5% |
| Recurring financial charges | 65 | €151 | €205 | +€54 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €38,614 | €934 | -€37,680 | -97.6% |
| Income taxes | 67/77 | €10,200 | €12 | -€10,188 | -99.9% |
| Profit (loss) for the period | 9904 | €28,414 | €922 | -€27,492 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,414 | €922 | -€27,492 | -96.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.