P+ CONSULT: what changed
Two fiscal 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+ CONSULT
Largest movements
- Cash -€180,543
down €180,543 (-47.5%), from €379,833 to €199,290
mainly Current investments (-€125,700) and Other debts (-€90,830)
- Current investments +€125,700
new in 2025: €125,700
- Receivables within one year -€7,582
down €7,582 (-18.8%), from €40,264 to €32,682
of which Trade receivables: -€10,951
- Other debts -€90,830
down €90,830 (-20.8%), from €436,584 to €345,754
- Tax, wage and social debts +€14,118
up €14,118 (+693.4%), from €2,036 to €16,154
- Profit (loss) carried forward +€5,067
up €5,067 (+379.6%), from €1,335 to €6,402
- Taxes -€18,629
down €18,629 (-55.7%), from €33,445 to €14,816
- Gross operating margin -€17,694
down €17,694 (-11.0%), from €160,364 to €142,670
- Financial charges +€17,140
up €17,140 (+57.1%), from €30,013 to €47,153
- Financial income -€2,303
down €2,303 (-35.2%), from €6,536 to €4,233
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 | €452,421 | €385,242 | -€67,179 | -14.8% |
| Fixed assets | 21/28 | €26,822 | €22,420 | -€4,402 | -16.4% |
| Tangible fixed assets | 22/27 | €26,072 | €21,670 | -€4,402 | -16.9% |
| Plant, machinery and equipment | 23 | €19,654 | €12,480 | -€7,174 | -36.5% |
| Furniture and vehicles | 24 | €6,418 | €9,190 | +€2,772 | +43.2% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €425,599 | €362,822 | -€62,777 | -14.8% |
| Amounts receivable within one year | 40/41 | €40,264 | €32,682 | -€7,582 | -18.8% |
| Trade receivables | 40 | €33,899 | €22,948 | -€10,951 | -32.3% |
| Other amounts receivable | 41 | €6,365 | €9,734 | +€3,369 | +52.9% |
| Current investments | 50/53 | - | €125,700 | +€125,700 | |
| Cash at bank and in hand | 54/58 | €379,833 | €199,290 | -€180,543 | -47.5% |
| Deferred charges and accrued income | 490/1 | €5,502 | €5,150 | -€352 | -6.4% |
| Total equity and liabilities | 10/49 | €452,421 | €385,242 | -€67,179 | -14.8% |
| Equity | 10/15 | €6,835 | €11,902 | +€5,067 | +74.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,335 | €6,402 | +€5,067 | +379.6% |
| Amounts payable | 17/49 | €445,586 | €373,340 | -€72,246 | -16.2% |
| Amounts payable within one year | 42/48 | €445,586 | €373,340 | -€72,246 | -16.2% |
| Trade debts | 44 | €6,966 | €11,432 | +€4,466 | +64.1% |
| Suppliers | 440/4 | €6,966 | €11,432 | +€4,466 | +64.1% |
| Taxes, remuneration and social security | 45 | €2,036 | €16,154 | +€14,118 | +693.4% |
| Taxes | 450/3 | €2,036 | €16,154 | +€14,118 | +693.4% |
| Other amounts payable | 47/48 | €436,584 | €345,754 | -€90,830 | -20.8% |
| Remuneration, social security and pensions | 62 | - | €609 | +€609 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,705 | €12,154 | +€449 | +3.8% |
| Other operating charges | 640/8 | €1,325 | €1,554 | +€229 | +17.3% |
| Gross operating margin | 9900 | €160,364 | €142,670 | -€17,694 | -11.0% |
| Operating profit (loss) | 9901 | €147,334 | €128,353 | -€18,981 | -12.9% |
| Financial income | 75/76B | €6,536 | €4,233 | -€2,303 | -35.2% |
| Recurring financial income | 75 | €6,536 | €4,233 | -€2,303 | -35.2% |
| Financial charges | 65/66B | €30,013 | €47,153 | +€17,140 | +57.1% |
| Recurring financial charges | 65 | €30,013 | €47,153 | +€17,140 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €123,857 | €85,433 | -€38,424 | -31.0% |
| Income taxes | 67/77 | €33,445 | €14,816 | -€18,629 | -55.7% |
| Profit (loss) for the period | 9904 | €90,412 | €70,617 | -€19,795 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €90,412 | €70,617 | -€19,795 | -21.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.