GROUP P: 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.
GROUP P
Largest movements
- Stocks and contracts +€6,244
up €6,244 (+108.5%), from €5,756 to €12,000
- Tangible fixed assets -€4,947
down €4,947 (-12.8%), from €38,527 to €33,579
of which Plant, machinery and equipment: -€4,170
- Receivables within one year -€4,178
down €4,178 (-35.5%), from €11,777 to €7,599
of which Other amounts receivable: -€7,641
- Deferred charges and accrued income +€2,854
new in 2025: €2,854
- Profit (loss) carried forward -€2,932
down €2,932 (-441.0%), from -€665 to -€3,596
- Other debts +€1,641
up €1,641 (+4.4%), from €37,555 to €39,196
- Accrued charges and deferred income +€1,558
new in 2025: €1,558
- Tax, wage and social debts -€1,120
no longer reported in 2025 (was €1,120)
- Financial income -€4,138
down €4,138 (-100.0%), from €4,138 to €0
- Depreciation -€1,986
down €1,986 (-28.6%), from €6,933 to €4,947
- Gross operating margin +€1,543
up €1,543 (+47.6%), from €3,243 to €4,786
- Taxes -€699
down €699 (-45.8%), from €1,527 to €827
- Other operating charges +€671
up €671 (+739.9%), from €91 to €762
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 | €56,610 | €56,128 | -€482 | -0.9% |
| Fixed assets | 21/28 | €38,527 | €33,579 | -€4,947 | -12.8% |
| Tangible fixed assets | 22/27 | €38,527 | €33,579 | -€4,947 | -12.8% |
| Land and buildings | 22 | €518 | - | -€518 | |
| Plant, machinery and equipment | 23 | €35,708 | €31,538 | -€4,170 | -11.7% |
| Furniture and vehicles | 24 | €2,301 | €2,041 | -€259 | -11.3% |
| Current assets | 29/58 | €18,084 | €22,549 | +€4,465 | +24.7% |
| Stocks and contracts in progress | 3 | €5,756 | €12,000 | +€6,244 | +108.5% |
| Stocks | 30/36 | €5,756 | €12,000 | +€6,244 | +108.5% |
| Amounts receivable within one year | 40/41 | €11,777 | €7,599 | -€4,178 | -35.5% |
| Trade receivables | 40 | €3,242 | €6,705 | +€3,463 | +106.8% |
| Other amounts receivable | 41 | €8,536 | €894 | -€7,641 | -89.5% |
| Cash at bank and in hand | 54/58 | €551 | €96 | -€455 | -82.5% |
| Deferred charges and accrued income | 490/1 | - | €2,854 | +€2,854 | |
| Total equity and liabilities | 10/49 | €56,610 | €56,128 | -€482 | -0.9% |
| Equity | 10/15 | €17,935 | €15,004 | -€2,932 | -16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€665 | -€3,596 | -€2,932 | -441.0% |
| Amounts payable | 17/49 | €38,675 | €41,125 | +€2,450 | +6.3% |
| Amounts payable within one year | 42/48 | €38,675 | €39,567 | +€892 | +2.3% |
| Trade debts | 44 | - | €371 | +€371 | |
| Suppliers | 440/4 | - | €371 | +€371 | |
| Taxes, remuneration and social security | 45 | €1,120 | - | -€1,120 | |
| Taxes | 450/3 | €1,120 | - | -€1,120 | |
| Other amounts payable | 47/48 | €37,555 | €39,196 | +€1,641 | +4.4% |
| Accrued charges and deferred income | 492/3 | - | €1,558 | +€1,558 | |
| Remuneration, social security and pensions | 62 | €384 | €355 | -€29 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,933 | €4,947 | -€1,986 | -28.6% |
| Other operating charges | 640/8 | €91 | €762 | +€671 | +739.9% |
| Gross operating margin | 9900 | €3,243 | €4,786 | +€1,543 | +47.6% |
| Operating profit (loss) | 9901 | -€4,166 | -€1,278 | +€2,888 | +69.3% |
| Financial income | 75/76B | €4,138 | €0 | -€4,138 | -100.0% |
| Recurring financial income | 75 | €4,138 | €0 | -€4,138 | -100.0% |
| Financial charges | 65/66B | €239 | €827 | +€588 | +245.6% |
| Recurring financial charges | 65 | €239 | €827 | +€588 | +245.6% |
| Profit (loss) for the period before taxes | 9903 | -€267 | -€2,104 | -€1,837 | -688.0% |
| Income taxes | 67/77 | €1,527 | €827 | -€699 | -45.8% |
| Profit (loss) for the period | 9904 | -€1,794 | -€2,932 | -€1,138 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,794 | -€2,932 | -€1,138 | -63.4% |
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.