P&A Heist: what changed
Two financial 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.
P&A Heist
Largest movements
- Cash -€89,165
down €89,165 (-71.8%), from €124,162 to €34,997
mainly Contributions, distributions and other (-€77,000) and Tax, wage and social debts (-€54,570)
- Tangible fixed assets -€14,969
down €14,969 (-3.6%), from €413,644 to €398,676
of which Plant, machinery and equipment: -€11,077
- Receivables within one year +€13,666
up €13,666 (+1,698%), from €805 to €14,471
of which Other amounts receivable: +€13,666
- Tax, wage and social debts -€54,570
down €54,570 (-84.6%), from €64,526 to €9,956
of which Taxes: -€50,870
- Reserves +€37,805
up €37,805 (+42.4%), from €89,249 to €127,054
- Profit (loss) carried forward -€32,286
down €32,286 (-100%), from €32,286 to €0
- Debts after one year -€30,967
down €30,967 (-11.1%), from €279,931 to €248,964
- Other debts -€19,472
down €19,472 (-100%), from €19,472 to €0
- Gross operating margin -€13,090
down €13,090 (-7.8%), from €167,395 to €154,305
- Taxes -€6,224
down €6,224 (-21.8%), from €28,584 to €22,360
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.
Derived cash bridge
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 | €553,663 | €461,587 | -€92,077 | -16.6% |
| Fixed assets | 21/28 | €413,644 | €398,676 | -€14,969 | -3.6% |
| Tangible fixed assets | 22/27 | €413,644 | €398,676 | -€14,969 | -3.6% |
| Land and buildings | 22 | €363,810 | €364,893 | +€1,083 | +0.3% |
| Plant, machinery and equipment | 23 | €39,123 | €28,046 | -€11,077 | -28.3% |
| Furniture and vehicles | 24 | €10,712 | €5,737 | -€4,975 | -46.4% |
| Current assets | 29/58 | €140,019 | €62,911 | -€77,108 | -55.1% |
| Stocks and contracts in progress | 3 | €4,350 | €4,350 | = | 0.0% |
| Stocks | 30/36 | €4,350 | €4,350 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €805 | €14,471 | +€13,666 | +1,698% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €805 | €14,471 | +€13,666 | +1,698% |
| Cash at bank and in hand | 54/58 | €124,162 | €34,997 | -€89,165 | -71.8% |
| Deferred charges and accrued income | 490/1 | €10,703 | €9,093 | -€1,609 | -15.0% |
| Total equity and liabilities | 10/49 | €553,663 | €461,587 | -€92,077 | -16.6% |
| Equity | 10/15 | €141,535 | €147,054 | +€5,519 | +3.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €89,249 | €127,054 | +€37,805 | +42.4% |
| Distributable reserves | 133 | €89,249 | €127,054 | +€37,805 | +42.4% |
| Profit (loss) carried forward | 14 | €32,286 | €0 | -€32,286 | -100% |
| Amounts payable | 17/49 | €412,129 | €314,533 | -€97,596 | -23.7% |
| Amounts payable after more than one year | 17 | €279,931 | €248,964 | -€30,967 | -11.1% |
| Financial debts | 170/4 | €279,931 | €248,964 | -€30,967 | -11.1% |
| Amounts payable within one year | 42/48 | €132,198 | €65,570 | -€66,629 | -50.4% |
| Current portion of amounts payable after more than one year | 42 | €31,209 | €36,014 | +€4,805 | +15.4% |
| Trade debts | 44 | €5,156 | €7,765 | +€2,609 | +50.6% |
| Suppliers | 440/4 | €5,156 | €7,765 | +€2,609 | +50.6% |
| Advances received on contracts in progress | 46 | €11,836 | €11,836 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €64,526 | €9,956 | -€54,570 | -84.6% |
| Taxes | 450/3 | €60,826 | €9,956 | -€50,870 | -83.6% |
| Remuneration and social security | 454/9 | €3,700 | €0 | -€3,700 | -100% |
| Other amounts payable | 47/48 | €19,472 | €0 | -€19,472 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€1,557 | €0 | +€1,557 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,886 | €33,990 | -€897 | -2.6% |
| Other operating charges | 640/8 | €7,294 | €7,094 | -€199 | -2.7% |
| Gross operating margin | 9900 | €167,395 | €154,305 | -€13,090 | -7.8% |
| Operating profit (loss) | 9901 | €126,773 | €113,221 | -€13,551 | -10.7% |
| Financial income | 75/76B | €380 | €697 | +€317 | +83.3% |
| Recurring financial income | 75 | €380 | €697 | +€317 | +83.3% |
| Financial charges | 65/66B | €9,320 | €9,039 | -€281 | -3.0% |
| Recurring financial charges | 65 | €9,320 | €9,039 | -€281 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €117,833 | €104,879 | -€12,954 | -11.0% |
| Income taxes | 67/77 | €28,584 | €22,360 | -€6,224 | -21.8% |
| Profit (loss) for the period | 9904 | €89,249 | €82,519 | -€6,729 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,249 | €82,519 | -€6,729 | -7.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.