P CONSTRUCTIONS INVESTMENT: what changed
What changed
P CONSTRUCTIONS INVESTMENT
NACE 47.640, Retail sale of games and toys
filed annual accounts (NBB)
Net result for the year
€113,810
2024 · €57,769+€56,041
Equity
€188,443
2024 · €74,633+€113,810
Cash
€12,807
2024 · €15,360-€2,553
Balance sheet total
€1.9m
2024 · €1.9m+€45,612
Largest movements
Assets
- Receivables within one year +€48,165
up €48,165 (+81.7%), from €58,969 to €107,134
of which Trade receivables: +€42,849
Equity and liabilities
- Reserves +€113,810
up €113,810 (+203%), from €56,033 to €169,843
- Debts after one year -€70,820
down €70,820 (-4.1%), from €1.7m to €1.6m
of which Financial debts: -€68,523
Income statement
- Gross operating margin +€85,013
up €85,013 (+92.6%), from €91,766 to €176,779
- Taxes +€29,412
up €29,412 (+162%), from €18,129 to €47,540
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€57,769
Gross operating margin
+€85,013
Other operating charges
-€2
Financial income
-€144
Financial charges
+€586
Taxes
-€29,412
Result 2025
€113,810
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€65,650
Investment
€0
Financing
-€68,203
Cash 2024
€15,360
From operations (derived)
+€65,650
Net result for the year
+€113,810
Receivables within one year
-€48,165
Trade debts
-€1,189
Tax, wage and social debts
+€1,194
Financing
-€68,203
Debts after one year
-€70,820
Current portion of long-term debt
+€2,617
Cash 2025
€12,807
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,878,893 | €1,924,505 | +€45,612 | +2.4% |
| Fixed assets | 21/28 | €1,804,105 | €1,804,105 | = | 0.0% |
| Financial fixed assets | 28 | €1,804,105 | €1,804,105 | = | 0.0% |
| Current assets | 29/58 | €74,788 | €120,400 | +€45,612 | +61.0% |
| Amounts receivable within one year | 40/41 | €58,969 | €107,134 | +€48,165 | +81.7% |
| Trade receivables | 40 | €18,151 | €61,000 | +€42,849 | +236% |
| Other amounts receivable | 41 | €40,818 | €46,134 | +€5,316 | +13.0% |
| Cash at bank and in hand | 54/58 | €15,360 | €12,807 | -€2,553 | -16.6% |
| Deferred charges and accrued income | 490/1 | €459 | €459 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,878,893 | €1,924,505 | +€45,612 | +2.4% |
| Equity | 10/15 | €74,633 | €188,443 | +€113,810 | +152% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,033 | €169,843 | +€113,810 | +203% |
| Distributable reserves | 133 | €56,033 | €169,843 | +€113,810 | +203% |
| Amounts payable | 17/49 | €1,804,260 | €1,736,062 | -€68,198 | -3.8% |
| Amounts payable after more than one year | 17 | €1,710,952 | €1,640,132 | -€70,820 | -4.1% |
| Financial debts | 170/4 | €1,679,353 | €1,610,830 | -€68,523 | -4.1% |
| Other amounts payable | 178/9 | €31,599 | €29,302 | -€2,297 | -7.3% |
| Amounts payable within one year | 42/48 | €93,308 | €95,929 | +€2,622 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €71,506 | €74,123 | +€2,617 | +3.7% |
| Trade debts | 44 | €1,189 | - | -€1,189 | |
| Suppliers | 440/4 | €1,189 | - | -€1,189 | |
| Taxes, remuneration and social security | 45 | €20,613 | €21,806 | +€1,194 | +5.8% |
| Taxes | 450/3 | €14,013 | €19,606 | +€5,594 | +39.9% |
| Remuneration and social security | 454/9 | €6,600 | €2,200 | -€4,400 | -66.7% |
| Non-recurring operating income | 76A | €1 | - | -€1 | |
| Other operating charges | 640/8 | €311 | €313 | +€2 | +0.6% |
| Gross operating margin | 9900 | €91,766 | €176,779 | +€85,013 | +92.6% |
| Operating profit (loss) | 9901 | €91,455 | €176,466 | +€85,011 | +93.0% |
| Financial income | 75/76B | €263 | €118 | -€144 | -54.9% |
| Recurring financial income | 75 | €263 | €118 | -€144 | -54.9% |
| Financial charges | 65/66B | €15,821 | €15,234 | -€586 | -3.7% |
| Recurring financial charges | 65 | €15,821 | €15,234 | -€586 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €75,897 | €161,350 | +€85,453 | +113% |
| Income taxes | 67/77 | €18,129 | €47,540 | +€29,412 | +162% |
| Profit (loss) for the period | 9904 | €57,769 | €113,810 | +€56,041 | +97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,769 | €113,810 | +€56,041 | +97.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.