PNA Engineering: 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.
PNA Engineering
Largest movements
- Cash +€142,254
up €142,254 (+519.5%), from €27,381 to €169,635
mainly Net result for the year (+€128,204) and Current investments (+€28,570)
- Current investments -€28,570
down €28,570 (-100.0%), from €28,570 to €0
- Receivables within one year +€23,364
up €23,364 (+40.9%), from €57,184 to €80,548
of which Other amounts receivable: +€21,748
- Tangible fixed assets -€14,047
down €14,047 (-35.7%), from €39,329 to €25,282
- Profit (loss) carried forward +€128,204
up €128,204 (+93.9%), from €136,542 to €264,746
- Trade debts -€5,104
down €5,104 (-99.4%), from €5,135 to €31
- Gross operating margin +€48,984
up €48,984 (+38.2%), from €128,083 to €177,067
- Depreciation +€11,235
up €11,235 (+399.5%), from €2,813 to €14,047
- Taxes +€10,952
up €10,952 (+39.1%), from €28,000 to €38,952
- Financial income +€5,018
new in 2025: €5,018
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 | €155,292 | €279,441 | +€124,149 | +79.9% |
| Fixed assets | 21/28 | €39,329 | €25,282 | -€14,047 | -35.7% |
| Tangible fixed assets | 22/27 | €39,329 | €25,282 | -€14,047 | -35.7% |
| Furniture and vehicles | 24 | €39,329 | €25,282 | -€14,047 | -35.7% |
| Current assets | 29/58 | €115,963 | €254,159 | +€138,196 | +119.2% |
| Amounts receivable within one year | 40/41 | €57,184 | €80,548 | +€23,364 | +40.9% |
| Trade receivables | 40 | €51,675 | €53,292 | +€1,616 | +3.1% |
| Other amounts receivable | 41 | €5,509 | €27,256 | +€21,748 | +394.8% |
| Current investments | 50/53 | €28,570 | €0 | -€28,570 | -100.0% |
| Cash at bank and in hand | 54/58 | €27,381 | €169,635 | +€142,254 | +519.5% |
| Deferred charges and accrued income | 490/1 | €2,828 | €3,976 | +€1,148 | +40.6% |
| Total equity and liabilities | 10/49 | €155,292 | €279,441 | +€124,149 | +79.9% |
| Equity | 10/15 | €138,542 | €266,746 | +€128,204 | +92.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,542 | €264,746 | +€128,204 | +93.9% |
| Amounts payable | 17/49 | €16,750 | €12,695 | -€4,055 | -24.2% |
| Amounts payable within one year | 42/48 | €16,750 | €12,695 | -€4,055 | -24.2% |
| Financial debts | 43 | €1,574 | €2,849 | +€1,276 | +81.0% |
| Credit institutions | 430/8 | €1,574 | €2,849 | +€1,276 | +81.0% |
| Trade debts | 44 | €5,135 | €31 | -€5,104 | -99.4% |
| Suppliers | 440/4 | €5,135 | €31 | -€5,104 | -99.4% |
| Taxes, remuneration and social security | 45 | €9,395 | €9,815 | +€420 | +4.5% |
| Taxes | 450/3 | €9,395 | €9,815 | +€420 | +4.5% |
| Other amounts payable | 47/48 | €647 | €0 | -€647 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,813 | €14,047 | +€11,235 | +399.5% |
| Other operating charges | 640/8 | €916 | €546 | -€370 | -40.4% |
| Gross operating margin | 9900 | €128,083 | €177,067 | +€48,984 | +38.2% |
| Operating profit (loss) | 9901 | €124,355 | €162,474 | +€38,119 | +30.7% |
| Financial income | 75/76B | - | €5,018 | +€5,018 | |
| Recurring financial income | 75 | - | €5,018 | +€5,018 | |
| Financial charges | 65/66B | €547 | €336 | -€210 | -38.5% |
| Recurring financial charges | 65 | €547 | €336 | -€210 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €123,808 | €167,155 | +€43,347 | +35.0% |
| Income taxes | 67/77 | €28,000 | €38,952 | +€10,952 | +39.1% |
| Profit (loss) for the period | 9904 | €95,808 | €128,204 | +€32,396 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €95,808 | €128,204 | +€32,396 | +33.8% |
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.