PC CARGO: what changed
PC CARGO
Largest movements
- Receivables within one year +€745,225
up €745,225 (+2,727%), from €27,324 to €772,548
of which Trade receivables: +€667,963
- Cash +€365,594
up €365,594 (+474%), from €77,116 to €442,710
mainly Other debts (+€686,013) and Net result for the year (+€448,287)
- Other debts +€686,013
up €686,013 (+160%), from €429,555 to €1.1m
- Profit (loss) carried forward +€448,287
up €448,287 (+94.4%), from -€475,041 to -€26,754
- Trade debts -€59,076
down €59,076 (-41.3%), from €142,889 to €83,813
of which Bills of exchange payable: -€35,847
- Tax, wage and social debts +€36,540
up €36,540 (+60.6%), from €60,298 to €96,838
of which Remuneration and social security: +€50,315
- Gross operating margin +€974,833
up €974,833, from -€185,589 to €789,245
- Staff costs +€89,296
up €89,296 (+35.8%), from €249,242 to €338,538
- Other operating charges -€36,705
down €36,705 (-99.0%), from €37,075 to €369
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,700 | €1,272,465 | +€1.1m | +692% |
| Fixed assets | 21/28 | €54,440 | €57,206 | +€2,766 | +5.1% |
| Tangible fixed assets | 22/27 | €4,883 | €4,349 | -€534 | -10.9% |
| Furniture and vehicles | 24 | €4,883 | €4,349 | -€534 | -10.9% |
| Financial fixed assets | 28 | €49,557 | €52,857 | +€3,300 | +6.7% |
| Current assets | 29/58 | €106,260 | €1,215,259 | +€1.1m | +1,044% |
| Amounts receivable within one year | 40/41 | €27,324 | €772,548 | +€745,225 | +2,727% |
| Trade receivables | 40 | - | €667,963 | +€667,963 | |
| Other amounts receivable | 41 | €27,324 | €104,585 | +€77,262 | +283% |
| Cash at bank and in hand | 54/58 | €77,116 | €442,710 | +€365,594 | +474% |
| Deferred charges and accrued income | 490/1 | €1,820 | €0 | -€1,820 | -100% |
| Total equity and liabilities | 10/49 | €160,700 | €1,272,465 | +€1.1m | +692% |
| Equity | 10/15 | -€472,041 | -€23,754 | +€448,287 | +95.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€475,041 | -€26,754 | +€448,287 | +94.4% |
| Amounts payable | 17/49 | €632,741 | €1,296,219 | +€663,478 | +105% |
| Amounts payable within one year | 42/48 | €632,741 | €1,296,219 | +€663,478 | +105% |
| Trade debts | 44 | €142,889 | €83,813 | -€59,076 | -41.3% |
| Suppliers | 440/4 | €107,041 | €83,813 | -€23,228 | -21.7% |
| Bills of exchange payable | 441 | €35,847 | - | -€35,847 | |
| Taxes, remuneration and social security | 45 | €60,298 | €96,838 | +€36,540 | +60.6% |
| Taxes | 450/3 | €13,775 | €0 | -€13,775 | -100% |
| Remuneration and social security | 454/9 | €46,523 | €96,838 | +€50,315 | +108% |
| Other amounts payable | 47/48 | €429,555 | €1,115,568 | +€686,013 | +160% |
| Remuneration, social security and pensions | 62 | €249,242 | €338,538 | +€89,296 | +35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €988 | €1,360 | +€372 | +37.7% |
| Other operating charges | 640/8 | €37,075 | €369 | -€36,705 | -99.0% |
| Gross operating margin | 9900 | -€185,589 | €789,245 | +€974,833 | |
| Operating profit (loss) | 9901 | -€472,893 | €448,978 | +€921,871 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €2,148 | €697 | -€1,451 | -67.6% |
| Recurring financial charges | 65 | €2,148 | €697 | -€1,451 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | -€475,041 | €448,287 | +€923,328 | |
| Profit (loss) for the period | 9904 | -€475,041 | €448,287 | +€923,328 | |
| Profit (loss) for the period to be appropriated | 9905 | -€475,041 | €448,287 | +€923,328 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.