2PY: 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.
2PY
Largest movements
- Cash +€15,532
up €15,532 (+101.1%), from €15,356 to €30,888
mainly Depreciation (+€18,639) and Receivables within one year (+€9,374)
- Receivables within one year -€9,374
down €9,374 (-79.2%), from €11,837 to €2,463
of which Other amounts receivable: -€11,837
- Stocks and contracts +€7,801
up €7,801 (+25.3%), from €30,888 to €38,689
- Tangible fixed assets +€3,637
up €3,637 (+2.9%), from €124,889 to €128,526
of which Other tangible fixed assets: +€8,903
- Other debts +€8,420
up €8,420 (+8.2%), from €103,146 to €111,566
- Advances received +€7,945
new in 2025: €7,945
- Debts after one year -€7,893
down €7,893 (-11.0%), from €71,547 to €63,654
- Tax, wage and social debts +€3,832
new in 2025: €3,832
of which Taxes: +€2,432
- Profit (loss) carried forward +€3,680
up €3,680 (+87.6%), from -€4,201 to -€521
- Gross operating margin +€27,171
up €27,171 (+306.9%), from €8,853 to €36,025
- Depreciation +€11,893
up €11,893 (+176.3%), from €6,746 to €18,639
- Other operating charges +€8,499
up €8,499 (+876.5%), from €970 to €9,469
- Financial income +€694
up €694 (+6936900.0%), from €0 to €694
- Financial charges -€409
down €409 (-7.7%), from €5,339 to €4,930
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 | €185,888 | €202,735 | +€16,847 | +9.1% |
| Formation expenses | 20 | €391 | - | -€391 | |
| Fixed assets | 21/28 | €127,273 | €130,409 | +€3,135 | +2.5% |
| Intangible fixed assets | 21 | €2,385 | €1,883 | -€502 | -21.1% |
| Tangible fixed assets | 22/27 | €124,889 | €128,526 | +€3,637 | +2.9% |
| Plant, machinery and equipment | 23 | €1,781 | €1,406 | -€375 | -21.1% |
| Furniture and vehicles | 24 | €21,369 | €16,477 | -€4,891 | -22.9% |
| Other tangible fixed assets | 26 | €101,739 | €110,643 | +€8,903 | +8.8% |
| Current assets | 29/58 | €58,223 | €72,326 | +€14,103 | +24.2% |
| Stocks and contracts in progress | 3 | €30,888 | €38,689 | +€7,801 | +25.3% |
| Stocks | 30/36 | €30,888 | €38,689 | +€7,801 | +25.3% |
| Amounts receivable within one year | 40/41 | €11,837 | €2,463 | -€9,374 | -79.2% |
| Trade receivables | 40 | - | €2,463 | +€2,463 | |
| Other amounts receivable | 41 | €11,837 | - | -€11,837 | |
| Cash at bank and in hand | 54/58 | €15,356 | €30,888 | +€15,532 | +101.1% |
| Deferred charges and accrued income | 490/1 | €142 | €286 | +€144 | +101.7% |
| Total equity and liabilities | 10/49 | €185,888 | €202,735 | +€16,847 | +9.1% |
| Equity | 10/15 | €799 | €4,479 | +€3,680 | +460.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,201 | -€521 | +€3,680 | +87.6% |
| Amounts payable | 17/49 | €185,089 | €198,256 | +€13,167 | +7.1% |
| Amounts payable after more than one year | 17 | €71,547 | €63,654 | -€7,893 | -11.0% |
| Financial debts | 170/4 | €71,547 | €63,654 | -€7,893 | -11.0% |
| Amounts payable within one year | 42/48 | €113,541 | €133,633 | +€20,091 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €7,572 | €7,893 | +€321 | +4.2% |
| Trade debts | 44 | €2,824 | €2,397 | -€427 | -15.1% |
| Suppliers | 440/4 | €2,824 | €2,397 | -€427 | -15.1% |
| Advances received on contracts in progress | 46 | - | €7,945 | +€7,945 | |
| Taxes, remuneration and social security | 45 | - | €3,832 | +€3,832 | |
| Taxes | 450/3 | - | €2,432 | +€2,432 | |
| Remuneration and social security | 454/9 | - | €1,400 | +€1,400 | |
| Other amounts payable | 47/48 | €103,146 | €111,566 | +€8,420 | +8.2% |
| Accrued charges and deferred income | 492/3 | - | €969 | +€969 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,746 | €18,639 | +€11,893 | +176.3% |
| Other operating charges | 640/8 | €970 | €9,469 | +€8,499 | +876.5% |
| Gross operating margin | 9900 | €8,853 | €36,025 | +€27,171 | +306.9% |
| Operating profit (loss) | 9901 | €1,138 | €7,917 | +€6,779 | +595.8% |
| Financial income | 75/76B | €0 | €694 | +€694 | +6936900.0% |
| Recurring financial income | 75 | €0 | €694 | +€694 | +6936900.0% |
| Financial charges | 65/66B | €5,339 | €4,930 | -€409 | -7.7% |
| Recurring financial charges | 65 | €5,339 | €4,930 | -€409 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,201 | €3,680 | +€7,881 | |
| Profit (loss) for the period | 9904 | -€4,201 | €3,680 | +€7,881 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,201 | €3,680 | +€7,881 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.