PING
Annual accounts 2025
micro format, filed on 01-06-2026, 60 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €130,000 and €230,000.
Balance sheet
balance sheet total €217,682 on 31-12-2025in euro
in euro
Position in the sector
49.5%
Higher than 67% of 18,509 companies in 2025.
4.61
Higher than 90% of 17,864 companies in 2025.
6.3%
Higher than 55% of 17,961 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Staff
€6,767
Staff costs divided by the average number of full-time equivalents.
level
In 2025, 6 people joined and 6 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
217,682 | 155,104 | 142,360 | 163,479 | 150,349 | 118,303 | 112,661 | 89,986 | 95,279 | 67,008 | 89,662 | 66,587 | 56,991 | 77,199 | 104,533 | 219,531 | 176,595 | 354,961 | 458,357 | 497,527 | |
21/28 |
64,440 | 23,158 | 31,188 | 30,435 | 45,319 | 19,879 | 27,760 | 36,233 | 40,884 | 36,352 | 48,060 | 43,709 | 39,810 | 30,473 | 39,452 | 91,851 | 151,568 | 220,108 | 296,955 | 374,352 | |
22/27 |
64,340 | 23,058 | 31,088 | 30,335 | 45,219 | 19,779 | 27,660 | 36,133 | 40,784 | 36,252 | 47,960 | 43,609 | 39,710 | 30,373 | 39,352 | 91,751 | 150,718 | 220,008 | 296,855 | 374,252 | |
23 |
155 | 475 | 1,080 | 2,573 | 10,139 | 17,150 | 22,760 | 28,842 | 23,521 | 8,123 | 10,315 | 8,514 | 10,560 | 4,843 | 12,775 | 61,656 | 111,555 | 161,479 | 215,721 | 271,319 | |
24 |
43,890 | 10,549 | 18,082 | 27,530 | 34,662 | 2,025 | 4,111 | 7,291 | 17,263 | 28,128 | 37,645 | 35,095 | 29,150 | 25,530 | 26,577 | 30,095 | 39,162 | 56,566 | 50,370 | 61,685 | |
26 |
20,294 | 12,034 | 11,926 | 232 | 418 | 604 | 789 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 850 | 100 | 100 | 100 | |
29/58 |
153,243 | 131,946 | 111,172 | 133,044 | 105,030 | 98,424 | 84,901 | 53,753 | 54,395 | 30,656 | 41,602 | 22,878 | 17,181 | 46,726 | 65,081 | 127,679 | 25,028 | 134,853 | 161,402 | 123,175 | |
3 |
595 | 579 | 2,962 | 2,414 | 3,700 | 8,107 | 21,371 | 14,832 | 14,162 | 14,162 | 16,887 | 18,754 | 14,299 | 14,299 | 18,810 | 18,810 | 18,810 | 12,315 | 37,504 | 29,041 | |
30/36 |
595 | 579 | 2,962 | 2,414 | 3,700 | 8,107 | 21,371 | 14,832 | 14,162 | 14,162 | 16,887 | 18,754 | 14,299 | 14,299 | 18,810 | 18,810 | 18,810 | 12,315 | 37,504 | 29,041 | |
40/41 |
119,276 | 113,721 | 90,599 | 127,346 | 90,313 | 84,633 | 60,548 | 26,373 | 33,927 | 2,541 | 13,690 | 2,472 | - | 28,431 | 30,191 | 96,020 | 1,040 | 114,763 | 117,507 | 86,921 | |
40 |
58,411 | 51,033 | 6,794 | 5,515 | 4,025 | 48,502 | 41,909 | 22,406 | 25,004 | - | 12,556 | - | - | 28,431 | 14,094 | 91,334 | - | 3,372 | 5,000 | 1,619 | |
41 |
60,865 | 62,688 | 83,805 | 121,831 | 86,288 | 36,131 | 18,639 | 3,967 | 8,924 | 2,541 | 1,134 | 2,472 | - | - | 16,097 | 4,686 | 1,040 | 111,391 | 112,507 | 85,302 | |
50/53 |
1,101 | 1,101 | 1,101 | 1,100 | 1,101 | 500 | 500 | 8,400 | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
29,253 | 11,215 | 16,511 | 993 | 8,564 | 3,324 | 2,320 | 3,430 | 6,305 | 13,953 | 8,376 | 1,262 | 2,882 | 3,996 | 16,080 | 11,734 | 4,107 | 4,814 | 6,391 | 7,214 | |
490/1 |
3,018 | 5,331 | - | 1,191 | 1,352 | 1,860 | 162 | 718 | - | - | 2,648 | 390 | - | - | - | 1,115 | 1,071 | 2,961 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
217,682 | 155,104 | 142,360 | 163,479 | 150,349 | 118,303 | 112,661 | 89,986 | 95,279 | 67,008 | 89,662 | 66,587 | 56,991 | 77,199 | 104,533 | 219,531 | 176,595 | 354,961 | 458,357 | 497,527 | |
10/15 |
107,773 | 94,098 | 128,737 | 108,380 | 99,959 | 54,776 | 47,462 | 49,081 | 26,563 | 24,211 | 21,312 | 862 | -23,574 | -267,877 | -244,251 | -268,216 | -327,446 | -296,213 | -236,368 | -200,932 | |
10/11 |
431,000 | 431,000 | 431,000 | 431,000 | 431,000 | 431,000 | 431,000 | 431,000 | 431,000 | 431,000 | 431,000 | 431,000 | 431,000 | 181,000 | 181,000 | 181,000 | 181,000 | 181,000 | 181,000 | 181,000 | |
100 |
- | - | - | - | - | 431,000 | 431,000 | 431,000 | 431,000 | 431,000 | 431,000 | 431,000 | 431,000 | 181,000 | 181,000 | 181,000 | 181,000 | 181,000 | 181,000 | 181,000 | |
11 |
- | - | - | 431,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | 431,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-323,227 | -336,902 | -302,263 | -322,620 | -331,041 | -376,224 | -383,538 | -381,919 | -404,437 | -406,789 | -409,688 | -430,138 | -454,574 | -448,877 | -425,251 | -449,216 | -508,446 | -477,213 | -417,368 | -381,932 | |
16 |
47,314 | 47,314 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
160/5 |
47,314 | 47,314 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
164/5 |
47,314 | 47,314 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
62,595 | 13,691 | 13,623 | 55,099 | 50,390 | 63,527 | 65,199 | 40,905 | 68,716 | 42,797 | 68,350 | 65,725 | 80,566 | 345,076 | 348,783 | 487,746 | 504,042 | 651,174 | 694,725 | 698,460 | |
17 |
29,377 | - | 1,457 | 18,022 | 18,022 | - | - | - | - | 1,089 | 5,367 | 9,684 | 20,132 | 268,273 | 265,008 | 314,000 | 309,361 | 30,577 | 63,996 | 92,439 | |
170/4 |
29,377 | - | 1,457 | 18,022 | 18,022 | - | - | - | - | 1,089 | 5,367 | 9,684 | 20,132 | 268,273 | 265,008 | 314,000 | 9,361 | 30,577 | 63,996 | 92,439 | |
178/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 300,000 | - | - | - | |
42/48 |
33,218 | 13,691 | 10,966 | 37,077 | 32,369 | 63,525 | 65,199 | 40,905 | 39,996 | 17,270 | 43,917 | 29,059 | 38,072 | 59,877 | 83,776 | 173,746 | 194,680 | 388,244 | 429,461 | 457,380 | |
42 |
8,315 | 2,146 | 7,957 | 5,686 | 11,323 | 2,676 | 2,853 | - | 1,089 | 4,833 | 13,837 | 12,494 | 12,083 | 3,412 | - | - | 16,655 | 1,963 | 9,797 | 8,913 | |
43 |
- | - | - | - | - | - | 8,772 | 1,290 | - | - | - | - | - | - | 7,530 | 12,019 | - | 18,929 | 17,519 | 19,447 | |
430/8 |
- | - | - | - | - | - | 8,772 | 1,290 | - | - | - | - | - | - | 7,530 | 12,019 | - | 18,929 | 17,519 | 19,447 | |
44 |
5,281 | 3,224 | 0 | 19,580 | 8,116 | 43,075 | 9,834 | 23,872 | 26,634 | 5,504 | 18,579 | 15,040 | 23,825 | 49,898 | 65,811 | 42,336 | 70,431 | 62,595 | 66,000 | 112,042 | |
440/4 |
5,281 | 3,224 | 0 | 19,580 | 8,116 | 43,075 | 9,834 | 23,872 | 26,634 | 5,504 | 18,579 | 15,040 | 23,825 | 49,898 | 65,811 | 42,336 | 70,431 | 62,595 | 66,000 | 112,042 | |
46 |
- | - | - | - | - | 17,774 | 17,774 | - | - | - | - | - | - | - | - | 95,387 | - | - | - | - | |
45 |
372 | 2,804 | 309 | 9,111 | 9,930 | - | 25,966 | 1,923 | 12,273 | 6,932 | 11,501 | 1,525 | 2,164 | 6,567 | 10,435 | 19,978 | 46,803 | 16,584 | 58,095 | 38,717 | |
450/3 |
372 | 1,436 | 309 | 8,615 | 8,617 | - | 12,744 | 1,881 | 12,273 | 6,932 | 11,501 | 1,525 | 1,646 | 6,567 | 10,435 | 2,204 | 18,883 | 5,565 | 48,307 | 30,753 | |
454/9 |
- | 1,368 | - | 496 | 1,313 | - | 13,222 | 42 | - | - | - | - | 518 | - | - | 17,774 | 27,920 | 11,019 | 9,787 | 7,964 | |
47/48 |
19,249 | 5,518 | 2,700 | 2,700 | 3,000 | - | - | 13,820 | - | - | - | - | - | - | - | 4,026 | 60,792 | 288,174 | 278,051 | 278,261 | |
492/3 |
- | - | 1,200 | - | - | 2 | - | - | 28,720 | 24,438 | 19,066 | 26,982 | 22,362 | 16,926 | - | - | - | 232,353 | 201,268 | 148,640 | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,849 | 16,799 | 21,228 | 19,115 | |
9900 |
34,329 | 38,535 | 34,133 | 46,233 | 88,882 | 39,353 | 41,187 | 60,445 | 61,280 | 65,582 | 80,099 | 70,944 | 42,745 | 41,783 | 154,059 | 148,488 | 138,203 | 95,570 | 125,784 | 116,808 | |
62 |
6,767 | 11,656 | 3,185 | 17,448 | 11,180 | 2,364 | 19,472 | 5,806 | 20,812 | 21,478 | 28,251 | 25,849 | 34,787 | 36,343 | 29,046 | 52,497 | 96,212 | 85,270 | 83,003 | 85,716 | |
630 |
6,927 | 11,378 | 11,998 | 17,432 | 16,340 | 10,625 | 13,112 | 18,253 | 13,811 | 11,708 | 12,407 | 12,055 | 10,360 | 24,296 | 70,262 | 70,986 | 71,565 | 77,345 | 86,090 | 88,073 | |
635/8 |
- | 47,314 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
1,523 | 1,260 | 1,741 | 897 | 3,907 | 966 | 3,020 | 4,907 | 16,864 | 15,758 | 5,674 | 4,019 | 2,941 | 1,473 | 5,211 | 4,830 | - | - | - | - | |
9901 |
19,112 | -33,072 | 17,209 | 10,456 | 57,455 | 25,398 | 5,583 | 31,479 | 9,793 | 16,638 | 33,766 | 29,021 | -5,343 | -20,329 | 49,539 | 20,174 | -29,574 | -67,045 | -43,310 | -56,981 | |
75/76B |
274 | 368 | 1,011 | 56 | 34 | 1,719 | - | 2,795 | 2,425 | 294 | 917 | - | 5,051 | 1,328 | - | 43,917 | 6 | - | - | 13 | |
75 |
274 | 368 | 1,011 | 56 | 34 | 1,719 | - | 2,795 | 2,425 | 294 | 917 | - | 5,051 | 1,328 | - | 43,917 | 6 | - | - | 13 | |
65/66B |
3,359 | 1,537 | 2,339 | 2,091 | 1,901 | 2,613 | 1,202 | 4,510 | 3,274 | 6,098 | 4,592 | 4,585 | 5,405 | 4,625 | 25,574 | 4,860 | 9,515 | 9,599 | 13,354 | 19,484 | |
65 |
3,359 | 1,537 | 2,339 | 2,091 | 1,901 | 2,613 | 1,202 | 4,510 | 3,274 | 6,098 | 4,592 | 4,585 | 5,405 | 4,625 | 25,574 | 4,860 | 9,515 | 9,599 | 13,354 | 19,484 | |
9903 |
16,027 | -34,241 | 15,881 | 8,421 | 55,588 | 24,504 | 4,381 | 29,764 | 8,945 | 10,834 | 30,092 | 24,436 | -5,697 | -23,626 | 23,965 | 59,231 | -31,233 | -59,845 | -35,436 | -57,338 | |
67/77 |
2,352 | 398 | -4,476 | - | 10,406 | 17,190 | 6,000 | 7,247 | 6,593 | 7,935 | 9,642 | - | - | - | - | - | - | - | - | 2 | |
9904 |
13,675 | -34,638 | 20,357 | 8,421 | 45,182 | 7,314 | -1,619 | 22,517 | 2,352 | 2,899 | 20,450 | 24,436 | -5,697 | -23,626 | 23,965 | 59,231 | -31,233 | -59,845 | -35,436 | -57,340 | |
9905 |
13,675 | -34,638 | 20,357 | 8,421 | 45,182 | 7,314 | -1,619 | 22,517 | 2,352 | 2,899 | 20,450 | 24,436 | -5,697 | -23,626 | 23,965 | 59,231 | -31,233 | -59,845 | -35,436 | -57,340 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-323,227 | -336,902 | -302,263 | -322,620 | -331,041 | -376,224 | -383,538 | -381,919 | -404,437 | -406,789 | -409,688 | -430,138 | -454,574 | -448,877 | -425,251 | -449,216 | -508,446 | -477,213 | -417,368 | -381,932 | |
14P |
-336,902 | -302,263 | -322,620 | -331,041 | -376,224 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
1 | 1.8 | 0.4 | 2.4 | 0.4 | 1 | 1 | 0.8 | 0.8 | 0.6 | 0.7 | 0.9 | 1.1 | 1.2 | 1.1 | 1.2 | 3.4 | 6.8 | 7.4 | 5 | |
Hours worked1013 |
406 | 760 | 205 | 1,144 | 647 | 181 | 1,605 | 1,605 | 1,605 | 1,311 | 1,494 | 1,394 | 1,939 | 2,101 | 1,273 | 2,104 | 5,413 | 5,027 | 5,581 | 5,709 | |
| Document | |||||||||||||||||||||
The accounts for 14 older financial years (1992-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 01-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-06-2026 | 2026-00128216 | |
| 31-12-2024 | micro format | 30-05-2025 | 2025-00111714 | |
| 31-12-2023 | micro format | 05-06-2024 | 2024-00112870 | |
| 31-12-2022 | micro format | 09-11-2023 | 2023-00510209 | |
| 31-12-2021 | full format | 11-07-2022 | 2022-20182681 | |
| 31-12-2020 | micro format | 14-10-2021 | 2021-71900528 | |
| 31-12-2019 | micro format | 15-12-2020 | 2020-76200488 | |
| 31-12-2018 | micro format | 23-12-2019 | 2019-77500389 | |
| 31-12-2017 | micro format | 27-09-2018 | 2018-67500103 | |
| 31-12-2016 | full format | 26-09-2017 | 2017-63000442 | |
| 31-12-2015 | full format | 22-08-2016 | 2016-45600244 | |
| 31-12-2014 | full format | 26-08-2015 | 2015-54900342 | |
| 31-12-2013 | full format | 31-10-2014 | 2014-66400593 | |
| 31-12-2012 | full format | 06-08-2013 | 2013-39800375 | |
| 31-12-2011 | full format | 28-10-2012 | 2012-62800593 | |
| 31-12-2010 | full format | 05-08-2011 | 2011-38300204 | |
| 31-12-2009 | full format | 14-10-2010 | 2010-58300054 | |
| 31-12-2008 | full format | 30-06-2009 | 2009-32100331 | |
| 31-12-2007 | full format | 09-06-2008 | 2008-19900257 | |
| 31-12-2006 | full format | 29-05-2007 | 2007-16200330 | |
| 31-12-2005 | full format | 16-06-2006 | 2006-26003297 | |
| 31-12-2004 | full format | 17-06-2005 | 2005-27802362 | |
| 31-12-2003 | full format | 18-06-2004 | 2004-27200244 | |
| 31-12-2002 | full format | 11-06-2003 | 2003-21503557 | |
| 31-12-2001 | full format | 11-06-2002 | 2002-19401108 | |
| 31-12-2000 | full format | 08-06-2001 | 2001-18704373 | |
| 31-12-1999 | full format | 09-06-2000 | 2000-20005255 | |
| 31-12-1998 | full format | 10-06-1999 | 1999-16700079 | |
| 31-12-1997 | full format | 15-06-1998 | 1998-17400990 | |
| 31-12-1996 | full format | 12-06-1997 | 1997-14700057 | |
| 31-12-1995 | full format | 13-06-1996 | 1996-16000806 | |
| 31-12-1994 | full format | 15-06-1995 | 1995-24204400 | |
| 31-12-1993 | full format | 17-06-1994 | 1994-16701953 | |
| 31-12-1992 | full format | 15-06-1993 | 1993-13301302 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26,039 | -21,694 | 29,207 | 27,888 | 73,795 | 36,023 | 18,695 | 49,732 | 23,604 | 28,346 | 46,174 | 41,076 | 5,018 | 3,967 | 119,801 | 91,160 | 41,992 | 10,300 | 42,781 | 31,092 | ||
| 20,602 | -23,260 | 32,355 | 25,853 | 61,522 | 17,939 | 11,493 | 40,770 | 16,164 | 14,607 | 32,857 | 36,491 | 4,663 | 670 | 94,228 | 130,216 | 40,332 | 17,500 | 50,654 | 30,733 | ||
| 56,502 | 3,348 | 13,450 | 1,849 | 41,780 | 2,744 | 4,639 | 13,602 | 18,343 | 0 | 16,759 | 18,207 | 19,697 | 15,317 | 17,863 | 12,019 | 750 | 28,210 | 8,694 | 69,205 | ||
| 18,038 | -5,296 | 15,518 | -7,571 | 5,240 | 1,004 | -1,110 | -2,875 | -7,647 | 5,577 | 7,115 | -1,621 | -1,114 | -12,084 | 4,346 | 7,627 | -707 | -1,576 | -823 | - | ||
| 120,025 | 118,254 | 100,206 | 95,967 | 72,662 | 34,899 | 19,702 | 12,848 | 14,399 | 13,386 | -2,316 | -6,181 | -20,891 | -13,151 | -18,695 | -46,067 | -169,653 | -253,391 | -268,059 | -334,205 | ||
| 49.5% | 60.7% | 90.4% | 66.3% | 66.5% | 46.3% | 42.1% | 54.5% | 27.9% | 36.1% | 23.8% | 1.3% | -41.4% | -347.0% | -233.7% | -122.2% | -185.4% | -83.4% | -51.6% | -40.4% | ||
| 4.61 | 9.64 | 10.14 | 3.59 | 3.24 | 1.55 | 1.30 | 1.31 | 1.36 | 1.78 | 0.95 | 0.79 | 0.45 | 0.78 | 0.78 | 0.73 | 0.13 | 0.35 | 0.38 | 0.27 | ||
| 4.60 | 9.59 | 9.87 | 3.52 | 3.13 | 1.42 | 0.97 | 0.95 | 1.01 | 0.96 | 0.56 | 0.14 | 0.08 | 0.54 | 0.55 | 0.63 | 0.03 | 0.32 | 0.29 | 0.21 | ||
| 0.58 | 0.15 | 0.11 | 0.51 | 0.50 | 1.16 | 1.37 | 0.83 | 2.59 | 1.77 | 3.21 | - | - | - | - | - | - | - | - | - | ||
| 12.7% | -36.8% | 15.8% | 7.8% | 45.2% | 13.4% | -3.4% | 45.9% | 8.9% | 12.0% | 96.0% | - | - | - | - | - | - | - | - | - | ||
| 6.3% | -22.3% | 14.3% | 5.2% | 30.1% | 6.2% | -1.4% | 25.0% | 2.5% | 4.3% | 22.8% | 36.7% | -10.0% | -30.6% | 22.9% | 27.0% | -17.7% | -16.9% | -7.7% | -11.5% | ||
| 7.75 | -14.12 | 12.48 | 13.34 | 38.82 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 0 | - | - | - | - |
| full-time | 0 | - | - | - | - |
| part-time | 0 | - | - | - | - |
| 0.2 | 0.5 | 0.1 | 0.3 | 0.4 | |
| Joined | 6 | 11 | 5 | 5 | 5 |
| Left | 6 | 11 | 6 | 6 | 6 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €56,502 | €3,348 | €13,450 | €1,849 | €41,780 |
| €6,927 | €11,378 | €11,998 | €17,432 | €16,340 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on PING
The operating result for 2025 is a profit of €19,112, after a loss of €33,072 in 2024. It is the highest result since 2021.
Debt's share of the balance-sheet total rises from 8.8% to 28.8%. Equity and debt are higher.