The PC-24 has, under the fuselage, a kind of huge support to hold the wings.
If we compare with the Citation CJ4 or the Phenom 300, this difference is quite significant. Why??
To add to the other answer...
The Pilatus PC-24 is billed as a business jet that can operate out of rough airfields. Comparing the pictures of the PC-24 to the Phenom 300 or CJ4, you can see that there is quite a bit of extra ground clearance. You can also see that the rear landing gear on the PC-24 are much more robust (dual wheels, longer travel length) than the other two aircraft.
If you look at this picture:
You can see that the wheels also retract into that area. They probably wanted to keep the wing low to take advantage of ground-effect to improve short-field performance. So having a higher-up fuselage allowed them to put the engines up higher and avoid FOD damage, while the low wing allowed them an impressive short field take-off performance. The PC-24 can operate out of a field just 2,800 feet long. The Phenom 300 takes 3,200 feet and the CJ4 takes about 3,500.
So the "bump" is there to be able to handle additional loads, elevate the fuselage, and store the gear. I can't find any diagrams of the fuel system, but it's possible that it also houses fuel tanks or baggage.
The huge support, or bulge, is a fairing, designed for reduction of wing root drag. So many people talk about wing tip vortex drag, but much more is created at the wing/fuselage interface, especially in uncoordinated flight. This improvement, first seen in 1930s vintage gliders (where else!), improves the airflow around the aircraft, resulting in significant fuel saving.
Importantly, this is a subsonic effect. Many super sonic aircraft actually reduce fuselage diameter near the wing to reduce drag, complying with "Area Rule".