PZ CONSTRUCT: 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.
PZ CONSTRUCT
Largest movements
- Receivables within one year +€12,195
up €12,195 (+256.2%), from €4,761 to €16,955
of which Trade receivables: +€11,854
- Tangible fixed assets +€9,711
up €9,711 (+227.8%), from €4,263 to €13,975
of which Furniture and vehicles: +€7,520
- Cash -€7,924
down €7,924 (-36.5%), from €21,710 to €13,786
mainly Investment in fixed assets (net) (-€12,387) and Receivables within one year (-€12,195)
- Deferred charges and accrued income -€1,024
down €1,024 (-85.3%), from €1,201 to €177
- Profit (loss) carried forward +€15,628
up €15,628 (+75.2%), from -€20,791 to -€5,163
- Trade debts -€4,396
down €4,396 (-97.4%), from €4,511 to €116
- Other debts +€1,880
up €1,880 (+7.2%), from €26,146 to €28,026
- Financial income +€12,198
up €12,198 (+5931.1%), from €206 to €12,404
of which Non-recurring financial income: +€12,386
- Gross operating margin -€7,424
down €7,424 (-83.0%), from €8,940 to €1,516
- Taxes -€7,000
no longer reported in 2025 (was €7,000)
- Depreciation -€2,360
down €2,360 (-46.9%), from €5,036 to €2,675
- Financial charges -€1,191
down €1,191 (-46.4%), from €2,566 to €1,375
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 | €32,320 | €45,278 | +€12,958 | +40.1% |
| Fixed assets | 21/28 | €4,649 | €14,360 | +€9,711 | +208.9% |
| Tangible fixed assets | 22/27 | €4,263 | €13,975 | +€9,711 | +227.8% |
| Plant, machinery and equipment | 23 | €686 | €2,878 | +€2,192 | +319.3% |
| Furniture and vehicles | 24 | €3,577 | €11,097 | +€7,520 | +210.2% |
| Financial fixed assets | 28 | €385 | €385 | = | 0.0% |
| Current assets | 29/58 | €27,672 | €30,918 | +€3,247 | +11.7% |
| Amounts receivable within one year | 40/41 | €4,761 | €16,955 | +€12,195 | +256.2% |
| Trade receivables | 40 | €2,864 | €14,718 | +€11,854 | +413.9% |
| Other amounts receivable | 41 | €1,896 | €2,238 | +€341 | +18.0% |
| Cash at bank and in hand | 54/58 | €21,710 | €13,786 | -€7,924 | -36.5% |
| Deferred charges and accrued income | 490/1 | €1,201 | €177 | -€1,024 | -85.3% |
| Total equity and liabilities | 10/49 | €32,320 | €45,278 | +€12,958 | +40.1% |
| Equity | 10/15 | -€331 | €15,297 | +€15,628 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,791 | -€5,163 | +€15,628 | +75.2% |
| Amounts payable | 17/49 | €32,652 | €29,981 | -€2,670 | -8.2% |
| Amounts payable within one year | 42/48 | €32,652 | €29,981 | -€2,670 | -8.2% |
| Trade debts | 44 | €4,511 | €116 | -€4,396 | -97.4% |
| Suppliers | 440/4 | €4,511 | €116 | -€4,396 | -97.4% |
| Taxes, remuneration and social security | 45 | €1,994 | €1,840 | -€155 | -7.8% |
| Taxes | 450/3 | €161 | - | -€161 | |
| Remuneration and social security | 454/9 | €1,833 | €1,840 | +€7 | +0.4% |
| Other amounts payable | 47/48 | €26,146 | €28,026 | +€1,880 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,036 | €2,675 | -€2,360 | -46.9% |
| Other operating charges | 640/8 | €611 | €863 | +€252 | +41.2% |
| Non-recurring operating charges | 66A | - | €378 | +€378 | |
| Gross operating margin | 9900 | €8,940 | €1,516 | -€7,424 | -83.0% |
| Operating profit (loss) | 9901 | €3,293 | -€2,401 | -€5,694 | |
| Financial income | 75/76B | €206 | €12,404 | +€12,198 | +5931.1% |
| Recurring financial income | 75 | €206 | €18 | -€187 | -91.1% |
| Non-recurring financial income | 76B | - | €12,386 | +€12,386 | |
| Financial charges | 65/66B | €2,566 | €1,375 | -€1,191 | -46.4% |
| Recurring financial charges | 65 | €2,566 | €1,375 | -€1,191 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €933 | €8,628 | +€7,696 | +825.1% |
| Income taxes | 67/77 | €7,000 | - | -€7,000 | |
| Profit (loss) for the period | 9904 | -€6,067 | €8,628 | +€14,696 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,067 | €8,628 | +€14,696 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.