PNC: 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.
PNC
Largest movements
- Cash +€135,774
up €135,774 (+43.4%), from €312,789 to €448,562
mainly Other debts (+€420,347) and Receivables within one year (+€74,212)
- Receivables within one year -€74,212
down €74,212 (-81.6%), from €90,995 to €16,783
of which Other amounts receivable: -€61,958
- Stocks and contracts +€17,870
up €17,870 (+5.9%), from €301,500 to €319,370
- Tangible fixed assets -€12,666
down €12,666 (-68.1%), from €18,601 to €5,934
- Other debts +€420,347
up €420,347 (+2401.9%), from €17,501 to €437,847
- Profit (loss) carried forward -€419,994
down €419,994 (-94.5%), from €444,658 to €24,664
- Reserves +€49,900
new in 2025: €49,900
- Debts after one year +€20,000
up €20,000 (+10.0%), from €200,000 to €220,000
- Accrued charges and deferred income +€15,306
up €15,306 (+544.2%), from €2,812 to €18,119
- Gross operating margin -€26,493
down €26,493 (-19.9%), from €133,423 to €106,931
- Financial charges +€15,310
up €15,310 (+515.5%), from €2,970 to €18,279
- Depreciation -€5,804
down €5,804 (-27.4%), from €21,171 to €15,366
- Taxes -€3,529
down €3,529 (-12.9%), from €27,347 to €23,818
- Financial income +€3,000
new in 2025: €3,000
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 | €725,341 | €795,610 | +€70,269 | +9.7% |
| Fixed assets | 21/28 | €18,601 | €5,934 | -€12,666 | -68.1% |
| Tangible fixed assets | 22/27 | €18,601 | €5,934 | -€12,666 | -68.1% |
| Furniture and vehicles | 24 | €18,601 | €5,934 | -€12,666 | -68.1% |
| Current assets | 29/58 | €706,741 | €789,676 | +€82,935 | +11.7% |
| Stocks and contracts in progress | 3 | €301,500 | €319,370 | +€17,870 | +5.9% |
| Stocks | 30/36 | €301,500 | €319,370 | +€17,870 | +5.9% |
| Amounts receivable within one year | 40/41 | €90,995 | €16,783 | -€74,212 | -81.6% |
| Trade receivables | 40 | €26,385 | €14,130 | -€12,254 | -46.4% |
| Other amounts receivable | 41 | €64,611 | €2,653 | -€61,958 | -95.9% |
| Cash at bank and in hand | 54/58 | €312,789 | €448,562 | +€135,774 | +43.4% |
| Deferred charges and accrued income | 490/1 | €1,457 | €4,960 | +€3,503 | +240.5% |
| Total equity and liabilities | 10/49 | €725,341 | €795,610 | +€70,269 | +9.7% |
| Equity | 10/15 | €464,658 | €94,564 | -€370,094 | -79.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €49,900 | +€49,900 | |
| Distributable reserves | 133 | - | €49,900 | +€49,900 | |
| Profit (loss) carried forward | 14 | €444,658 | €24,664 | -€419,994 | -94.5% |
| Amounts payable | 17/49 | €260,683 | €701,046 | +€440,362 | +168.9% |
| Amounts payable after more than one year | 17 | €200,000 | €220,000 | +€20,000 | +10.0% |
| Other amounts payable | 178/9 | €200,000 | €220,000 | +€20,000 | +10.0% |
| Amounts payable within one year | 42/48 | €57,871 | €462,927 | +€405,056 | +699.9% |
| Trade debts | 44 | €1,997 | €1,494 | -€503 | -25.2% |
| Suppliers | 440/4 | €1,997 | €1,494 | -€503 | -25.2% |
| Taxes, remuneration and social security | 45 | €38,373 | €23,586 | -€14,788 | -38.5% |
| Taxes | 450/3 | €38,373 | €23,586 | -€14,788 | -38.5% |
| Other amounts payable | 47/48 | €17,501 | €437,847 | +€420,347 | +2401.9% |
| Accrued charges and deferred income | 492/3 | €2,812 | €18,119 | +€15,306 | +544.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,171 | €15,366 | -€5,804 | -27.4% |
| Other operating charges | 640/8 | €1,130 | €2,561 | +€1,431 | +126.6% |
| Gross operating margin | 9900 | €133,423 | €106,931 | -€26,493 | -19.9% |
| Operating profit (loss) | 9901 | €111,123 | €89,003 | -€22,119 | -19.9% |
| Financial income | 75/76B | - | €3,000 | +€3,000 | |
| Recurring financial income | 75 | - | €3,000 | +€3,000 | |
| Financial charges | 65/66B | €2,970 | €18,279 | +€15,310 | +515.5% |
| Recurring financial charges | 65 | €2,970 | €18,279 | +€15,310 | +515.5% |
| Profit (loss) for the period before taxes | 9903 | €108,153 | €73,724 | -€34,429 | -31.8% |
| Income taxes | 67/77 | €27,347 | €23,818 | -€3,529 | -12.9% |
| Profit (loss) for the period | 9904 | €80,806 | €49,906 | -€30,900 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €80,806 | €49,906 | -€30,900 | -38.2% |
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 9 October 2026 via checked.be.