PKS MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets +€174,206
up €174,206 (+89.9%), from €193,768 to €367,974
of which Land and buildings: +€191,127
- Receivables within one year -€78,182
down €78,182 (-27.5%), from €284,076 to €205,894
of which Other amounts receivable: -€42,071
- Receivables after one year -€12,918
down €12,918 (-32.4%), from €39,908 to €26,989
- Debts after one year +€83,021
up €83,021 (+43.9%), from €188,996 to €272,016
of which Financial debts: +€79,421
- Reserves +€47,928
up €47,928 (+10.6%), from €451,322 to €499,249
of which Distributable reserves: +€47,928
- Current portion of long-term debt -€28,753
down €28,753 (-66.2%), from €43,430 to €14,678
- Depreciation +€28,650
up €28,650 (+113%), from €25,335 to €53,984
- Gross operating margin -€12,374
down €12,374 (-9.4%), from €131,992 to €119,619
- Taxes -€10,085
down €10,085 (-32.2%), from €31,365 to €21,281
- Financial charges +€4,800
up €4,800 (+27.3%), from €17,608 to €22,407
- Other operating charges +€4,102
up €4,102 (+60.2%), from €6,819 to €10,920
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 | €902,951 | €990,623 | +€87,671 | +9.7% |
| Fixed assets | 21/28 | €573,867 | €748,073 | +€174,206 | +30.4% |
| Tangible fixed assets | 22/27 | €193,768 | €367,974 | +€174,206 | +89.9% |
| Land and buildings | 22 | €166,290 | €357,417 | +€191,127 | +115% |
| Furniture and vehicles | 24 | €27,478 | €10,557 | -€16,921 | -61.6% |
| Financial fixed assets | 28 | €380,099 | €380,099 | = | 0.0% |
| Current assets | 29/58 | €329,084 | €242,549 | -€86,535 | -26.3% |
| Amounts receivable after more than one year | 29 | €39,908 | €26,989 | -€12,918 | -32.4% |
| Trade receivables | 290 | €39,908 | €26,989 | -€12,918 | -32.4% |
| Amounts receivable within one year | 40/41 | €284,076 | €205,894 | -€78,182 | -27.5% |
| Trade receivables | 40 | €45,657 | €9,546 | -€36,111 | -79.1% |
| Other amounts receivable | 41 | €238,419 | €196,348 | -€42,071 | -17.6% |
| Cash at bank and in hand | 54/58 | €4,995 | €8,549 | +€3,554 | +71.1% |
| Deferred charges and accrued income | 490/1 | €106 | €1,118 | +€1,012 | +956% |
| Total equity and liabilities | 10/49 | €902,951 | €990,623 | +€87,671 | +9.7% |
| Equity | 10/15 | €611,322 | €659,249 | +€47,928 | +7.8% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €451,322 | €499,249 | +€47,928 | +10.6% |
| Tax-exempt reserves | 132 | €380,000 | €380,000 | = | 0.0% |
| Distributable reserves | 133 | €71,322 | €119,249 | +€47,928 | +67.2% |
| Amounts payable | 17/49 | €291,630 | €331,373 | +€39,744 | +13.6% |
| Amounts payable after more than one year | 17 | €188,996 | €272,016 | +€83,021 | +43.9% |
| Financial debts | 170/4 | €186,446 | €265,866 | +€79,421 | +42.6% |
| Other amounts payable | 178/9 | €2,550 | €6,150 | +€3,600 | +141% |
| Amounts payable within one year | 42/48 | €102,634 | €58,908 | -€43,726 | -42.6% |
| Current portion of amounts payable after more than one year | 42 | €43,430 | €14,678 | -€28,753 | -66.2% |
| Trade debts | 44 | €7,596 | €5,893 | -€1,703 | -22.4% |
| Suppliers | 440/4 | €7,596 | €5,893 | -€1,703 | -22.4% |
| Advances received on contracts in progress | 46 | €5,955 | €0 | -€5,955 | -100% |
| Taxes, remuneration and social security | 45 | €45,653 | €38,337 | -€7,316 | -16.0% |
| Taxes | 450/3 | €45,653 | €38,337 | -€7,316 | -16.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €449 | +€449 | |
| Non-recurring operating income | 76A | €5,308 | €0 | -€5,308 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,335 | €53,984 | +€28,650 | +113% |
| Other operating charges | 640/8 | €6,819 | €10,920 | +€4,102 | +60.2% |
| Gross operating margin | 9900 | €131,992 | €119,619 | -€12,374 | -9.4% |
| Operating profit (loss) | 9901 | €99,839 | €54,714 | -€45,125 | -45.2% |
| Financial income | 75/76B | €19,218 | €17,129 | -€2,089 | -10.9% |
| Recurring financial income | 75 | €19,218 | €17,129 | -€2,089 | -10.9% |
| Financial charges | 65/66B | €17,608 | €22,407 | +€4,800 | +27.3% |
| Recurring financial charges | 65 | €17,608 | €22,407 | +€4,800 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €101,449 | €49,435 | -€52,014 | -51.3% |
| Income taxes | 67/77 | €31,365 | €21,281 | -€10,085 | -32.2% |
| Profit (loss) for the period | 9904 | €70,084 | €28,154 | -€41,929 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,084 | €28,154 | -€41,929 | -59.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.