P-A SIX: 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 SIX
Largest movements
- Cash -€9,655
down €9,655 (-85.7%), from €11,266 to €1,611
mainly Receivables within one year (-€7,635) and Debts after one year (-€3,332)
- Receivables within one year +€7,635
up €7,635 (+54.8%), from €13,935 to €21,570
of which Other amounts receivable: +€7,607
- Tangible fixed assets +€608
up €608 (+39.5%), from €1,538 to €2,146
- Debts after one year -€3,332
down €3,332 (-49.2%), from €6,779 to €3,447
- Short-term financial debts +€1,834
new in 2025: €1,834
- Trade debts +€915
up €915 (+609.8%), from €150 to €1,065
- Profit (loss) carried forward -€799
down €799 (-4.9%), from €16,170 to €15,371
- Accrued charges and deferred income -€387
no longer reported in 2025 (was €387)
- Gross operating margin -€14,187
down €14,187 (-92.9%), from €15,267 to €1,080
- Taxes -€3,593
down €3,593 (-97.9%), from €3,670 to €76
- Depreciation -€295
down €295 (-25.2%), from €1,170 to €875
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 | €38,437 | €37,099 | -€1,337 | -3.5% |
| Fixed assets | 21/28 | €4,038 | €4,646 | +€608 | +15.1% |
| Tangible fixed assets | 22/27 | €1,538 | €2,146 | +€608 | +39.5% |
| Plant, machinery and equipment | 23 | €1,538 | €2,146 | +€608 | +39.5% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €34,398 | €32,453 | -€1,945 | -5.7% |
| Amounts receivable after more than one year | 29 | €9,002 | €9,272 | +€270 | +3.0% |
| Other amounts receivable | 291 | €9,002 | €9,272 | +€270 | +3.0% |
| Amounts receivable within one year | 40/41 | €13,935 | €21,570 | +€7,635 | +54.8% |
| Trade receivables | 40 | €203 | €230 | +€28 | +13.7% |
| Other amounts receivable | 41 | €13,733 | €21,340 | +€7,607 | +55.4% |
| Cash at bank and in hand | 54/58 | €11,266 | €1,611 | -€9,655 | -85.7% |
| Deferred charges and accrued income | 490/1 | €195 | - | -€195 | |
| Total equity and liabilities | 10/49 | €38,437 | €37,099 | -€1,337 | -3.5% |
| Equity | 10/15 | €21,170 | €20,371 | -€799 | -3.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,170 | €15,371 | -€799 | -4.9% |
| Amounts payable | 17/49 | €17,267 | €16,728 | -€538 | -3.1% |
| Amounts payable after more than one year | 17 | €6,779 | €3,447 | -€3,332 | -49.2% |
| Financial debts | 170/4 | €6,779 | €3,447 | -€3,332 | -49.2% |
| Amounts payable within one year | 42/48 | €10,101 | €13,282 | +€3,181 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €3,221 | €3,332 | +€111 | +3.4% |
| Financial debts | 43 | - | €1,834 | +€1,834 | |
| Credit institutions | 430/8 | - | €1,834 | +€1,834 | |
| Trade debts | 44 | €150 | €1,065 | +€915 | +609.8% |
| Suppliers | 440/4 | €150 | €1,065 | +€915 | +609.8% |
| Taxes, remuneration and social security | 45 | €6,729 | €7,051 | +€322 | +4.8% |
| Taxes | 450/3 | €6,729 | €5,051 | -€1,678 | -24.9% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,170 | €875 | -€295 | -25.2% |
| Other operating charges | 640/8 | €790 | €760 | -€30 | -3.8% |
| Gross operating margin | 9900 | €15,267 | €1,080 | -€14,187 | -92.9% |
| Operating profit (loss) | 9901 | €13,307 | -€555 | -€13,862 | |
| Financial income | 75/76B | €262 | €270 | +€8 | +3.0% |
| Recurring financial income | 75 | €262 | €270 | +€8 | +3.0% |
| Financial charges | 65/66B | €317 | €437 | +€121 | +38.1% |
| Recurring financial charges | 65 | €317 | €437 | +€121 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €13,253 | -€722 | -€13,975 | |
| Income taxes | 67/77 | €3,670 | €76 | -€3,593 | -97.9% |
| Profit (loss) for the period | 9904 | €9,583 | -€799 | -€10,381 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,583 | -€799 | -€10,381 |
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 11 October 2026 via checked.be.