P & A Services: 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.
P & A Services
Largest movements
- Cash -€35,521
down €35,521 (-36.3%), from €97,931 to €62,410
mainly Net result for the year (-€46,326) and Trade debts (-€9,356)
- Tangible fixed assets -€13,146
down €13,146 (-2.3%), from €575,450 to €562,304
of which Land and buildings: -€17,386
- Reserves -€46,326
down €46,326 (-5.8%), from €792,544 to €746,217
of which Distributable reserves: -€46,326
- Trade debts -€9,356
down €9,356 (-45.4%), from €20,620 to €11,264
- Financial charges +€2,785
up €2,785 (+617.8%), from €451 to €3,236
- Other operating charges -€2,516
down €2,516 (-63.2%), from €3,980 to €1,464
- Gross operating margin -€2,117
down €2,117 (-11.5%), from -€18,359 to -€20,476
- Depreciation +€921
up €921 (+4.6%), from €20,164 to €21,085
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 | €819,815 | €763,861 | -€55,954 | -6.8% |
| Fixed assets | 21/28 | €575,450 | €562,304 | -€13,146 | -2.3% |
| Tangible fixed assets | 22/27 | €575,450 | €562,304 | -€13,146 | -2.3% |
| Land and buildings | 22 | €572,343 | €554,956 | -€17,386 | -3.0% |
| Furniture and vehicles | 24 | €3,107 | €7,348 | +€4,241 | +136.5% |
| Current assets | 29/58 | €244,365 | €201,557 | -€42,808 | -17.5% |
| Amounts receivable within one year | 40/41 | €49,533 | €42,185 | -€7,348 | -14.8% |
| Trade receivables | 40 | €33,965 | €26,121 | -€7,844 | -23.1% |
| Other amounts receivable | 41 | €15,569 | €16,064 | +€496 | +3.2% |
| Current investments | 50/53 | €96,900 | €96,900 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €97,931 | €62,410 | -€35,521 | -36.3% |
| Deferred charges and accrued income | 490/1 | - | €62 | +€62 | |
| Total equity and liabilities | 10/49 | €819,815 | €763,861 | -€55,954 | -6.8% |
| Equity | 10/15 | €798,744 | €752,417 | -€46,326 | -5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €792,544 | €746,217 | -€46,326 | -5.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €790,684 | €744,357 | -€46,326 | -5.9% |
| Amounts payable | 17/49 | €21,071 | €11,444 | -€9,627 | -45.7% |
| Amounts payable within one year | 42/48 | €21,071 | €11,444 | -€9,627 | -45.7% |
| Trade debts | 44 | €20,620 | €11,264 | -€9,356 | -45.4% |
| Suppliers | 440/4 | €20,620 | €11,264 | -€9,356 | -45.4% |
| Taxes, remuneration and social security | 45 | €302 | €180 | -€122 | -40.5% |
| Taxes | 450/3 | €302 | €180 | -€122 | -40.5% |
| Other amounts payable | 47/48 | €149 | €0 | -€149 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,164 | €21,085 | +€921 | +4.6% |
| Other operating charges | 640/8 | €3,980 | €1,464 | -€2,516 | -63.2% |
| Gross operating margin | 9900 | -€18,359 | -€20,476 | -€2,117 | -11.5% |
| Operating profit (loss) | 9901 | -€42,503 | -€43,025 | -€522 | -1.2% |
| Financial income | 75/76B | - | €114 | +€114 | |
| Recurring financial income | 75 | - | €114 | +€114 | |
| Financial charges | 65/66B | €451 | €3,236 | +€2,785 | +617.8% |
| Recurring financial charges | 65 | €451 | €3,236 | +€2,785 | +617.8% |
| Profit (loss) for the period before taxes | 9903 | -€42,954 | -€46,147 | -€3,193 | -7.4% |
| Income taxes | 67/77 | €171 | €180 | +€9 | +5.3% |
| Profit (loss) for the period | 9904 | -€43,125 | -€46,326 | -€3,202 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,125 | -€46,326 | -€3,202 | -7.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.