P & A Holding: 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 Holding
Largest movements
- Receivables within one year +€52,639
up €52,639 (+1,798%), from €2,928 to €55,567
of which Trade receivables: +€35,120
- Deferred charges and accrued income -€15,000
no longer reported in 2025 (was €15,000)
- Cash +€14,655
up €14,655 (+98.3%), from €14,912 to €29,568
mainly Net result for the year (+€128,528) and Other debts (+€42,339)
- Other debts +€42,339
up €42,339 (+76.4%), from €55,418 to €97,757
- Short-term financial debts +€19,967
up €19,967 (+113%), from €17,718 to €37,685
- Reserves -€10,652
down €10,652 (-1.8%), from €581,488 to €570,836
of which Distributable reserves: -€10,652
- Gross operating margin +€62,223
up €62,223 (+48.5%), from €128,268 to €190,491
- Taxes +€20,055
up €20,055 (+49.3%), from €40,685 to €60,740
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 | €782,840 | €835,135 | +€52,294 | +6.7% |
| Fixed assets | 21/28 | €750,000 | €750,000 | = | 0.0% |
| Financial fixed assets | 28 | €750,000 | €750,000 | = | 0.0% |
| Current assets | 29/58 | €32,840 | €85,135 | +€52,294 | +159% |
| Amounts receivable within one year | 40/41 | €2,928 | €55,567 | +€52,639 | +1,798% |
| Trade receivables | 40 | - | €35,120 | +€35,120 | |
| Other amounts receivable | 41 | €2,928 | €20,447 | +€17,519 | +598% |
| Cash at bank and in hand | 54/58 | €14,912 | €29,568 | +€14,655 | +98.3% |
| Deferred charges and accrued income | 490/1 | €15,000 | - | -€15,000 | |
| Total equity and liabilities | 10/49 | €782,840 | €835,135 | +€52,294 | +6.7% |
| Equity | 10/15 | €695,491 | €684,839 | -€10,652 | -1.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €581,488 | €570,836 | -€10,652 | -1.8% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €571,488 | €560,836 | -€10,652 | -1.9% |
| Profit (loss) carried forward | 14 | €14,003 | €14,003 | = | 0.0% |
| Amounts payable | 17/49 | €87,349 | €150,295 | +€62,946 | +72.1% |
| Amounts payable within one year | 42/48 | €87,349 | €150,295 | +€62,946 | +72.1% |
| Financial debts | 43 | €17,718 | €37,685 | +€19,967 | +113% |
| Credit institutions | 430/8 | €17,718 | €37,685 | +€19,967 | +113% |
| Trade debts | 44 | €1,528 | - | -€1,528 | |
| Suppliers | 440/4 | €1,528 | - | -€1,528 | |
| Taxes, remuneration and social security | 45 | €12,685 | €14,853 | +€2,168 | +17.1% |
| Taxes | 450/3 | €10,685 | €12,853 | +€2,168 | +20.3% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €55,418 | €97,757 | +€42,339 | +76.4% |
| Other operating charges | 640/8 | €533 | €333 | -€200 | -37.5% |
| Gross operating margin | 9900 | €128,268 | €190,491 | +€62,223 | +48.5% |
| Operating profit (loss) | 9901 | €127,736 | €190,158 | +€62,422 | +48.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,328 | €890 | -€438 | -33.0% |
| Recurring financial charges | 65 | €1,328 | €890 | -€438 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €126,407 | €189,268 | +€62,861 | +49.7% |
| Income taxes | 67/77 | €40,685 | €60,740 | +€20,055 | +49.3% |
| Profit (loss) for the period | 9904 | €85,722 | €128,528 | +€42,806 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €85,722 | €128,528 | +€42,806 | +49.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.