P AND P: 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 AND P
Largest movements
- Financial fixed assets -€158,296
no longer reported in 2025 (was €158,296)
- Cash +€97,390
up €97,390 (+57.0%), from €170,793 to €268,182
mainly Investment in fixed assets (net) (+€158,296) and Receivables within one year (+€22,874)
- Receivables within one year -€22,874
down €22,874 (-61.5%), from €37,166 to €14,292
of which Trade receivables: -€31,678
- Profit (loss) carried forward -€91,423
down €91,423 (-33.3%), from €274,477 to €183,054
- Other debts +€5,385
new in 2025: €5,385
- Turnover -€121,083
down €121,083 (-69.6%), from €173,910 to €52,828
- Gross operating margin -€116,739
down €116,739, from €14,543 to -€102,196
- Financial income +€16,113
up €16,113 (+3,151%), from €511 to €16,625
of which Non-recurring financial income: +€15,930
- Taxes -€3,591
down €3,591 (-85.3%), from €4,212 to €621
- Purchases and services -€3,400
down €3,400 (-2.0%), from €168,712 to €165,312
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 | €367,532 | €282,474 | -€85,058 | -23.1% |
| Fixed assets | 21/28 | €158,296 | - | -€158,296 | |
| Financial fixed assets | 28 | €158,296 | - | -€158,296 | |
| Current assets | 29/58 | €209,236 | €282,474 | +€73,239 | +35.0% |
| Amounts receivable within one year | 40/41 | €37,166 | €14,292 | -€22,874 | -61.5% |
| Trade receivables | 40 | €31,678 | - | -€31,678 | |
| Other amounts receivable | 41 | €5,488 | €14,292 | +€8,804 | +160% |
| Cash at bank and in hand | 54/58 | €170,793 | €268,182 | +€97,390 | +57.0% |
| Deferred charges and accrued income | 490/1 | €1,277 | - | -€1,277 | |
| Total equity and liabilities | 10/49 | €367,532 | €282,474 | -€85,058 | -23.1% |
| Equity | 10/15 | €341,008 | €249,585 | -€91,423 | -26.8% |
| Contributions | 10/11 | €8,057 | €8,057 | = | 0.0% |
| Reserves | 13 | €58,474 | €58,474 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,631 | €15,631 | = | 0.0% |
| Distributable reserves | 133 | €42,843 | €42,843 | = | 0.0% |
| Profit (loss) carried forward | 14 | €274,477 | €183,054 | -€91,423 | -33.3% |
| Amounts payable | 17/49 | €26,524 | €32,890 | +€6,366 | +24.0% |
| Amounts payable within one year | 42/48 | €26,524 | €32,890 | +€6,366 | +24.0% |
| Trade debts | 44 | €4,289 | €3,504 | -€785 | -18.3% |
| Suppliers | 440/4 | €4,289 | €3,504 | -€785 | -18.3% |
| Taxes, remuneration and social security | 45 | €22,234 | €24,000 | +€1,766 | +7.9% |
| Taxes | 450/3 | €18,634 | €20,400 | +€1,766 | +9.5% |
| Remuneration and social security | 454/9 | €3,600 | €3,600 | = | 0.0% |
| Other amounts payable | 47/48 | - | €5,385 | +€5,385 | |
| Turnover | 70 | €173,910 | €52,828 | -€121,083 | -69.6% |
| Non-recurring operating income | 76A | - | €41 | +€41 | |
| Goods, raw materials, services and sundry goods | 60/61 | €168,712 | €165,312 | -€3,400 | -2.0% |
| Other operating charges | 640/8 | €3,221 | €2,292 | -€929 | -28.8% |
| Non-recurring operating charges | 66A | €1,970 | €2,487 | +€517 | +26.2% |
| Gross operating margin | 9900 | €14,543 | -€102,196 | -€116,739 | |
| Operating profit (loss) | 9901 | €9,352 | -€106,974 | -€116,327 | |
| Financial income | 75/76B | €511 | €16,625 | +€16,113 | +3,151% |
| Recurring financial income | 75 | €511 | €695 | +€183 | +35.9% |
| Non-recurring financial income | 76B | - | €15,930 | +€15,930 | |
| Financial charges | 65/66B | €427 | €453 | +€26 | +6.1% |
| Recurring financial charges | 65 | €427 | €453 | +€26 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €9,437 | -€90,803 | -€100,239 | |
| Income taxes | 67/77 | €4,212 | €621 | -€3,591 | -85.3% |
| Profit (loss) for the period | 9904 | €5,225 | -€91,423 | -€96,648 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,225 | -€91,423 | -€96,648 |
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 14 October 2026 via checked.be.