P and P Advice: 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 Advice
Largest movements
- Tangible fixed assets -€135,407
down €135,407 (-6.2%), from €2.2m to €2.0m
of which Land and buildings: -€131,010
- Receivables within one year -€34,348
down €34,348 (-21.3%), from €161,300 to €126,952
of which Trade receivables: -€73,711
- Short-term financial debts -€335,500
no longer reported in 2024 (was €335,500)
- Other debts +€79,800
up €79,800 (+81.6%), from €97,781 to €177,580
- Reserves +€72,566
up €72,566 (+7.6%), from €955,155 to €1.0m
of which Distributable reserves: +€72,566
- Debts after one year +€59,626
up €59,626 (+6.3%), from €945,365 to €1.0m
of which Financial debts: +€56,956
- Tax, wage and social debts -€28,505
down €28,505 (-48.0%), from €59,351 to €30,846
of which Taxes: -€15,311
- Gross operating margin +€33,322
up €33,322 (+10.2%), from €325,124 to €358,446
- Financial charges +€28,756
up €28,756 (+39.0%), from €73,752 to €102,509
- Taxes +€5,078
up €5,078 (+17.4%), from €29,131 to €34,209
- Other operating charges +€3,725
up €3,725 (+40.9%), from €9,112 to €12,837
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,428,125 | €2,260,515 | -€167,611 | -6.9% |
| Fixed assets | 21/28 | €2,259,670 | €2,124,263 | -€135,407 | -6.0% |
| Tangible fixed assets | 22/27 | €2,185,368 | €2,049,961 | -€135,407 | -6.2% |
| Land and buildings | 22 | €2,171,021 | €2,040,011 | -€131,010 | -6.0% |
| Furniture and vehicles | 24 | €14,348 | €9,951 | -€4,397 | -30.6% |
| Financial fixed assets | 28 | €74,302 | €74,302 | = | 0.0% |
| Current assets | 29/58 | €168,456 | €136,252 | -€32,204 | -19.1% |
| Amounts receivable within one year | 40/41 | €161,300 | €126,952 | -€34,348 | -21.3% |
| Trade receivables | 40 | €121,103 | €47,392 | -€73,711 | -60.9% |
| Other amounts receivable | 41 | €40,198 | €79,560 | +€39,363 | +97.9% |
| Cash at bank and in hand | 54/58 | €6,119 | €8,731 | +€2,613 | +42.7% |
| Deferred charges and accrued income | 490/1 | €1,037 | €568 | -€468 | -45.2% |
| Total equity and liabilities | 10/49 | €2,428,125 | €2,260,515 | -€167,611 | -6.9% |
| Equity | 10/15 | €973,747 | €1,046,313 | +€72,566 | +7.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €955,155 | €1,027,721 | +€72,566 | +7.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €953,295 | €1,025,861 | +€72,566 | +7.6% |
| Amounts payable | 17/49 | €1,454,379 | €1,214,202 | -€240,177 | -16.5% |
| Amounts payable after more than one year | 17 | €945,365 | €1,004,992 | +€59,626 | +6.3% |
| Financial debts | 170/4 | €922,815 | €979,772 | +€56,956 | +6.2% |
| Other amounts payable | 178/9 | €22,550 | €25,220 | +€2,670 | +11.8% |
| Amounts payable within one year | 42/48 | €509,013 | €209,210 | -€299,803 | -58.9% |
| Financial debts | 43 | €335,500 | - | -€335,500 | |
| Credit institutions | 430/8 | €335,500 | - | -€335,500 | |
| Trade debts | 44 | €16,382 | €784 | -€15,598 | -95.2% |
| Suppliers | 440/4 | €16,382 | €784 | -€15,598 | -95.2% |
| Taxes, remuneration and social security | 45 | €59,351 | €30,846 | -€28,505 | -48.0% |
| Taxes | 450/3 | €46,157 | €30,846 | -€15,311 | -33.2% |
| Remuneration and social security | 454/9 | €13,194 | - | -€13,194 | |
| Other amounts payable | 47/48 | €97,781 | €177,580 | +€79,800 | +81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,419 | €136,326 | -€92 | -0.1% |
| Other operating charges | 640/8 | €9,112 | €12,837 | +€3,725 | +40.9% |
| Gross operating margin | 9900 | €325,124 | €358,446 | +€33,322 | +10.2% |
| Operating profit (loss) | 9901 | €179,593 | €209,283 | +€29,689 | +16.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €73,752 | €102,509 | +€28,756 | +39.0% |
| Recurring financial charges | 65 | €73,752 | €102,509 | +€28,756 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €105,841 | €106,775 | +€934 | +0.9% |
| Income taxes | 67/77 | €29,131 | €34,209 | +€5,078 | +17.4% |
| Profit (loss) for the period | 9904 | €76,710 | €72,566 | -€4,144 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €76,710 | €72,566 | -€4,144 | -5.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.