P&C TOGETHER: 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&C TOGETHER
Largest movements
- Cash +€82,298
up €82,298 (+314%), from €26,230 to €108,528
mainly Net result for the year (+€59,807) and Current investments (+€47,214)
- Current investments -€47,214
no longer reported in 2025 (was €47,214)
- Receivables within one year +€31,251
up €31,251 (+532%), from €5,874 to €37,125
of which Trade receivables: +€31,565
- Reserves +€59,807
up €59,807 (+99,679%), from €60 to €59,867
- Trade debts +€22,584
up €22,584 (+184%), from €12,242 to €34,825
- Other debts -€21,608
down €21,608 (-12.7%), from €169,997 to €148,389
- Tax, wage and social debts +€16,369
up €16,369 (+62.1%), from €26,342 to €42,711
of which Taxes: +€13,173
- Debts after one year -€5,100
no longer reported in 2025 (was €5,100)
- Gross operating margin +€63,812
up €63,812 (+92.0%), from €69,389 to €133,201
- Taxes +€19,932
up €19,932 (+150%), from €13,253 to €33,185
- Staff costs +€3,407
up €3,407 (+38.3%), from €8,907 to €12,314
- Other operating charges -€2,434
down €2,434 (-55.5%), from €4,389 to €1,955
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 | €225,458 | €293,941 | +€68,483 | +30.4% |
| Fixed assets | 21/28 | €141,540 | €142,882 | +€1,342 | +0.9% |
| Intangible fixed assets | 21 | €782 | €419 | -€363 | -46.4% |
| Tangible fixed assets | 22/27 | €140,758 | €142,463 | +€1,704 | +1.2% |
| Land and buildings | 22 | €98,416 | €95,278 | -€3,138 | -3.2% |
| Furniture and vehicles | 24 | €38,650 | €44,186 | +€5,536 | +14.3% |
| Other tangible fixed assets | 26 | €3,692 | €2,998 | -€694 | -18.8% |
| Current assets | 29/58 | €83,918 | €151,059 | +€67,141 | +80.0% |
| Amounts receivable within one year | 40/41 | €5,874 | €37,125 | +€31,251 | +532% |
| Trade receivables | 40 | €4,935 | €36,501 | +€31,565 | +640% |
| Other amounts receivable | 41 | €939 | €625 | -€314 | -33.5% |
| Current investments | 50/53 | €47,214 | - | -€47,214 | |
| Cash at bank and in hand | 54/58 | €26,230 | €108,528 | +€82,298 | +314% |
| Deferred charges and accrued income | 490/1 | €4,600 | €5,406 | +€806 | +17.5% |
| Total equity and liabilities | 10/49 | €225,458 | €293,941 | +€68,483 | +30.4% |
| Equity | 10/15 | €6,792 | €66,599 | +€59,807 | +881% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60 | €59,867 | +€59,807 | +99,679% |
| Distributable reserves | 133 | €60 | €59,867 | +€59,807 | +99,679% |
| Profit (loss) carried forward | 14 | €532 | €532 | = | 0.0% |
| Amounts payable | 17/49 | €218,666 | €227,342 | +€8,676 | +4.0% |
| Amounts payable after more than one year | 17 | €5,100 | - | -€5,100 | |
| Financial debts | 170/4 | €5,100 | - | -€5,100 | |
| Amounts payable within one year | 42/48 | €212,967 | €227,342 | +€14,375 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €4,386 | - | -€4,386 | |
| Trade debts | 44 | €12,242 | €34,825 | +€22,584 | +184% |
| Suppliers | 440/4 | €12,242 | €34,825 | +€22,584 | +184% |
| Advances received on contracts in progress | 46 | - | €1,416 | +€1,416 | |
| Taxes, remuneration and social security | 45 | €26,342 | €42,711 | +€16,369 | +62.1% |
| Taxes | 450/3 | €26,158 | €39,331 | +€13,173 | +50.4% |
| Remuneration and social security | 454/9 | €184 | €3,380 | +€3,196 | +1,737% |
| Other amounts payable | 47/48 | €169,997 | €148,389 | -€21,608 | -12.7% |
| Accrued charges and deferred income | 492/3 | €599 | - | -€599 | |
| Non-recurring operating income | 76A | €8,000 | - | -€8,000 | |
| Remuneration, social security and pensions | 62 | €8,907 | €12,314 | +€3,407 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,331 | €26,007 | +€676 | +2.7% |
| Other operating charges | 640/8 | €4,389 | €1,955 | -€2,434 | -55.5% |
| Gross operating margin | 9900 | €69,389 | €133,201 | +€63,812 | +92.0% |
| Operating profit (loss) | 9901 | €30,763 | €92,926 | +€62,163 | +202% |
| Financial income | 75/76B | €112 | €283 | +€172 | +154% |
| Recurring financial income | 75 | €112 | €283 | +€172 | +154% |
| Financial charges | 65/66B | €471 | €216 | -€255 | -54.1% |
| Recurring financial charges | 65 | €471 | €216 | -€255 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | €30,403 | €92,993 | +€62,590 | +206% |
| Income taxes | 67/77 | €13,253 | €33,185 | +€19,932 | +150% |
| Profit (loss) for the period | 9904 | €17,150 | €59,807 | +€42,657 | +249% |
| Profit (loss) for the period to be appropriated | 9905 | €17,150 | €59,807 | +€42,657 | +249% |
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 20 October 2026 via checked.be.