PFTech: 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.
PFTech
Largest movements
- Cash +€15,637
up €15,637 (+11.2%), from €140,026 to €155,663
mainly Net result for the year (+€66,458) and Other debts (+€44,736)
- Receivables within one year +€14,185
up €14,185 (+68.7%), from €20,642 to €34,827
of which Trade receivables: +€13,035
- Tangible fixed assets -€12,491
down €12,491 (-22.1%), from €56,438 to €43,946
of which Furniture and vehicles: -€12,435
- Other debts +€44,736
up €44,736 (+56.9%), from €78,587 to €123,323
- Tax, wage and social debts -€20,655
down €20,655 (-67.0%), from €30,847 to €10,191
of which Taxes: -€21,140
- Debts after one year -€13,838
no longer reported in 2025 (was €13,838)
- Trade debts +€11,166
up €11,166 (+412%), from €2,707 to €13,874
- Profit (loss) carried forward -€5,098
down €5,098 (-7.1%), from €71,556 to €66,458
- Gross operating margin -€4,020
down €4,020 (-3.4%), from €118,892 to €114,872
- Financial charges +€3,129
up €3,129 (+47.1%), from €6,644 to €9,773
- Taxes -€1,266
down €1,266 (-5.0%), from €25,323 to €24,057
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 | €220,449 | €235,598 | +€15,149 | +6.9% |
| Fixed assets | 21/28 | €56,438 | €43,946 | -€12,491 | -22.1% |
| Tangible fixed assets | 22/27 | €56,438 | €43,946 | -€12,491 | -22.1% |
| Land and buildings | 22 | €9,221 | €8,133 | -€1,087 | -11.8% |
| Plant, machinery and equipment | 23 | €3,266 | €4,297 | +€1,031 | +31.6% |
| Furniture and vehicles | 24 | €43,951 | €31,516 | -€12,435 | -28.3% |
| Current assets | 29/58 | €164,011 | €191,652 | +€27,641 | +16.9% |
| Amounts receivable within one year | 40/41 | €20,642 | €34,827 | +€14,185 | +68.7% |
| Trade receivables | 40 | €19,965 | €33,000 | +€13,035 | +65.3% |
| Other amounts receivable | 41 | €677 | €1,827 | +€1,150 | +170% |
| Cash at bank and in hand | 54/58 | €140,026 | €155,663 | +€15,637 | +11.2% |
| Deferred charges and accrued income | 490/1 | €3,343 | €1,162 | -€2,181 | -65.3% |
| Total equity and liabilities | 10/49 | €220,449 | €235,598 | +€15,149 | +6.9% |
| Equity | 10/15 | €79,527 | €74,429 | -€5,098 | -6.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,771 | €1,771 | = | 0.0% |
| Distributable reserves | 133 | €1,771 | €1,771 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,556 | €66,458 | -€5,098 | -7.1% |
| Amounts payable | 17/49 | €140,921 | €161,169 | +€20,248 | +14.4% |
| Amounts payable after more than one year | 17 | €13,838 | - | -€13,838 | |
| Financial debts | 170/4 | €13,838 | - | -€13,838 | |
| Amounts payable within one year | 42/48 | €127,083 | €161,169 | +€34,086 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €14,942 | €13,781 | -€1,161 | -7.8% |
| Trade debts | 44 | €2,707 | €13,874 | +€11,166 | +412% |
| Suppliers | 440/4 | €2,707 | €13,874 | +€11,166 | +412% |
| Taxes, remuneration and social security | 45 | €30,847 | €10,191 | -€20,655 | -67.0% |
| Taxes | 450/3 | €28,929 | €7,789 | -€21,140 | -73.1% |
| Remuneration and social security | 454/9 | €1,917 | €2,402 | +€485 | +25.3% |
| Other amounts payable | 47/48 | €78,587 | €123,323 | +€44,736 | +56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,649 | €14,389 | -€260 | -1.8% |
| Other operating charges | 640/8 | €721 | €884 | +€163 | +22.6% |
| Gross operating margin | 9900 | €118,892 | €114,872 | -€4,020 | -3.4% |
| Operating profit (loss) | 9901 | €103,522 | €99,599 | -€3,923 | -3.8% |
| Financial income | 75/76B | €0 | €688 | +€687 | +156,207% |
| Recurring financial income | 75 | €0 | €688 | +€687 | +156,207% |
| Financial charges | 65/66B | €6,644 | €9,773 | +€3,129 | +47.1% |
| Recurring financial charges | 65 | €6,644 | €9,773 | +€3,129 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | €96,879 | €90,514 | -€6,365 | -6.6% |
| Income taxes | 67/77 | €25,323 | €24,057 | -€1,266 | -5.0% |
| Profit (loss) for the period | 9904 | €71,556 | €66,458 | -€5,098 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,556 | €66,458 | -€5,098 | -7.1% |
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 25 October 2026 via checked.be.