PKUK: 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.
PKUK
Largest movements
- Deferred charges and accrued income +€19,757
new in 2025: €19,757
- Tangible fixed assets -€8,350
down €8,350 (-29.9%), from €27,890 to €19,539
of which Plant, machinery and equipment: -€5,547
- Financial fixed assets -€6,600
down €6,600 (-100.0%), from €6,600 to €0
- Receivables within one year -€6,243
down €6,243 (-100.0%), from €6,243 to €0
of which Trade receivables: -€3,320
- Cash -€4,395
down €4,395 (-100.0%), from €4,395 to €0
mainly Deferred charges and accrued income (-€19,757) and Trade debts (-€19,602)
- Advances received +€23,906
new in 2025: €23,906
- Trade debts -€19,602
down €19,602 (-100.0%), from €19,602 to €0
- Other debts -€15,159
down €15,159 (-11.0%), from €137,905 to €122,746
- Tax, wage and social debts -€641
down €641 (-78.6%), from €815 to €174
- Staff costs -€46,761
down €46,761 (-100.0%), from €46,761 to €0
- Gross operating margin +€36,481
up €36,481, from -€26,102 to €10,379
- Other operating charges +€2,179
up €2,179 (+198.5%), from €1,098 to €3,277
- Financial charges -€490
down €490 (-75.0%), from €653 to €163
- Depreciation -€287
down €287 (-3.7%), from €7,818 to €7,531
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 | €62,932 | €50,882 | -€12,051 | -19.1% |
| Fixed assets | 21/28 | €48,059 | €31,125 | -€16,934 | -35.2% |
| Intangible fixed assets | 21 | €13,569 | €11,585 | -€1,984 | -14.6% |
| Tangible fixed assets | 22/27 | €27,890 | €19,539 | -€8,350 | -29.9% |
| Plant, machinery and equipment | 23 | €25,086 | €19,539 | -€5,547 | -22.1% |
| Furniture and vehicles | 24 | €2,803 | €0 | -€2,803 | -100.0% |
| Financial fixed assets | 28 | €6,600 | €0 | -€6,600 | -100.0% |
| Current assets | 29/58 | €14,873 | €19,757 | +€4,884 | +32.8% |
| Stocks and contracts in progress | 3 | €4,235 | €0 | -€4,235 | -100.0% |
| Stocks | 30/36 | €4,235 | €0 | -€4,235 | -100.0% |
| Amounts receivable within one year | 40/41 | €6,243 | €0 | -€6,243 | -100.0% |
| Trade receivables | 40 | €3,320 | €0 | -€3,320 | -100.0% |
| Other amounts receivable | 41 | €2,923 | €0 | -€2,923 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,395 | €0 | -€4,395 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €19,757 | +€19,757 | |
| Total equity and liabilities | 10/49 | €62,932 | €50,882 | -€12,051 | -19.1% |
| Equity | 10/15 | -€95,390 | -€95,982 | -€592 | -0.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,390 | -€105,982 | -€592 | -0.6% |
| Amounts payable | 17/49 | €158,322 | €146,863 | -€11,459 | -7.2% |
| Amounts payable within one year | 42/48 | €158,322 | €146,863 | -€11,459 | -7.2% |
| Financial debts | 43 | - | €37 | +€37 | |
| Credit institutions | 430/8 | - | €37 | +€37 | |
| Trade debts | 44 | €19,602 | €0 | -€19,602 | -100.0% |
| Suppliers | 440/4 | €19,602 | €0 | -€19,602 | -100.0% |
| Advances received on contracts in progress | 46 | - | €23,906 | +€23,906 | |
| Taxes, remuneration and social security | 45 | €815 | €174 | -€641 | -78.6% |
| Taxes | 450/3 | €815 | €174 | -€641 | -78.6% |
| Other amounts payable | 47/48 | €137,905 | €122,746 | -€15,159 | -11.0% |
| Remuneration, social security and pensions | 62 | €46,761 | €0 | -€46,761 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,818 | €7,531 | -€287 | -3.7% |
| Other operating charges | 640/8 | €1,098 | €3,277 | +€2,179 | +198.5% |
| Gross operating margin | 9900 | -€26,102 | €10,379 | +€36,481 | |
| Operating profit (loss) | 9901 | -€81,778 | -€429 | +€81,350 | +99.5% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100.0% |
| Financial charges | 65/66B | €653 | €163 | -€490 | -75.0% |
| Recurring financial charges | 65 | €653 | €163 | -€490 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | -€82,428 | -€592 | +€81,836 | +99.3% |
| Income taxes | 67/77 | €174 | €0 | -€174 | -100.0% |
| Profit (loss) for the period | 9904 | -€82,602 | -€592 | +€82,010 | +99.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,602 | -€592 | +€82,010 | +99.3% |
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 8 October 2026 via checked.be.