PTCJ: 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.
PTCJ
Largest movements
- Tangible fixed assets +€60,521
up €60,521 (+432%), from €14,001 to €74,522
of which Furniture and vehicles: +€32,092
- Stocks and contracts -€20,605
no longer reported in 2025 (was €20,605)
- Receivables within one year +€19,374
up €19,374 (+104%), from €18,690 to €38,063
of which Trade receivables: +€19,342
- Cash +€10,245
up €10,245 (+268%), from €3,820 to €14,066
mainly Net result for the year (+€48,974) and Debts after one year (+€21,181)
- Financial fixed assets -€7,694
no longer reported in 2025 (was €7,694)
- Debts after one year +€21,181
new in 2025: €21,181
- Reserves +€16,180
up €16,180 (+44.0%), from €36,777 to €52,957
- Other debts +€15,489
new in 2025: €15,489
- Tax, wage and social debts +€15,050
up €15,050 (+364%), from €4,131 to €19,181
- Contributions -€7,234
down €7,234 (-38.9%), from €18,600 to €11,366
- Gross operating margin +€68,013
up €68,013 (+403%), from €16,897 to €84,911
- Taxes +€15,887
up €15,887 (+482%), from €3,294 to €19,181
- Depreciation +€10,372
up €10,372 (+326%), from €3,179 to €13,550
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 | €68,018 | €131,385 | +€63,367 | +93.2% |
| Fixed assets | 21/28 | €21,695 | €74,522 | +€52,827 | +243% |
| Tangible fixed assets | 22/27 | €14,001 | €74,522 | +€60,521 | +432% |
| Plant, machinery and equipment | 23 | €0 | €30,023 | +€30,023 | |
| Furniture and vehicles | 24 | €5,935 | €38,026 | +€32,092 | +541% |
| Other tangible fixed assets | 26 | €8,066 | €6,472 | -€1,594 | -19.8% |
| Financial fixed assets | 28 | €7,694 | - | -€7,694 | |
| Current assets | 29/58 | €46,323 | €56,864 | +€10,540 | +22.8% |
| Stocks and contracts in progress | 3 | €20,605 | - | -€20,605 | |
| Stocks | 30/36 | €20,605 | - | -€20,605 | |
| Amounts receivable within one year | 40/41 | €18,690 | €38,063 | +€19,374 | +104% |
| Trade receivables | 40 | €15,482 | €34,824 | +€19,342 | +125% |
| Other amounts receivable | 41 | €3,207 | €3,239 | +€32 | +1.0% |
| Cash at bank and in hand | 54/58 | €3,820 | €14,066 | +€10,245 | +268% |
| Deferred charges and accrued income | 490/1 | €3,209 | €4,734 | +€1,526 | +47.5% |
| Total equity and liabilities | 10/49 | €68,018 | €131,385 | +€63,367 | +93.2% |
| Equity | 10/15 | €55,377 | €64,323 | +€8,946 | +16.2% |
| Contributions | 10/11 | €18,600 | €11,366 | -€7,234 | -38.9% |
| Reserves | 13 | €36,777 | €52,957 | +€16,180 | +44.0% |
| Distributable reserves | 133 | €36,777 | €52,957 | +€16,180 | +44.0% |
| Amounts payable | 17/49 | €12,642 | €67,062 | +€54,421 | +430% |
| Amounts payable after more than one year | 17 | - | €21,181 | +€21,181 | |
| Financial debts | 170/4 | - | €21,181 | +€21,181 | |
| Amounts payable within one year | 42/48 | €12,642 | €45,881 | +€33,239 | +263% |
| Current portion of amounts payable after more than one year | 42 | - | €7,155 | +€7,155 | |
| Trade debts | 44 | €7,310 | €2,855 | -€4,455 | -60.9% |
| Suppliers | 440/4 | €7,310 | €2,855 | -€4,455 | -60.9% |
| Advances received on contracts in progress | 46 | €1,200 | €1,200 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,131 | €19,181 | +€15,050 | +364% |
| Taxes | 450/3 | €4,131 | €19,181 | +€15,050 | +364% |
| Other amounts payable | 47/48 | - | €15,489 | +€15,489 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,179 | €13,550 | +€10,372 | +326% |
| Non-recurring operating charges | 66A | €105 | - | -€105 | |
| Gross operating margin | 9900 | €16,897 | €84,911 | +€68,013 | +403% |
| Operating profit (loss) | 9901 | €13,614 | €71,361 | +€57,746 | +424% |
| Financial income | 75/76B | €33 | €37 | +€4 | +12.1% |
| Recurring financial income | 75 | €33 | €37 | +€4 | +12.1% |
| Financial charges | 65/66B | €2,799 | €3,242 | +€443 | +15.8% |
| Recurring financial charges | 65 | €2,799 | €3,242 | +€443 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €10,848 | €68,155 | +€57,307 | +528% |
| Income taxes | 67/77 | €3,294 | €19,181 | +€15,887 | +482% |
| Profit (loss) for the period | 9904 | €7,554 | €48,974 | +€41,420 | +548% |
| Profit (loss) for the period to be appropriated | 9905 | €7,554 | €48,974 | +€41,420 | +548% |
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 15 October 2026 via checked.be.