P.CONTROL: 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.CONTROL
Largest movements
- Cash -€86,504
down €86,504 (-48.9%), from €176,885 to €90,381
mainly Contributions, distributions and other (-€136,676) and Investment in fixed assets (net) (-€31,295)
- Tangible fixed assets +€24,392
up €24,392 (+99.7%), from €24,473 to €48,866
of which Furniture and vehicles: +€27,449
- Receivables within one year -€6,288
down €6,288 (-15.2%), from €41,462 to €35,173
of which Trade receivables: -€9,243
- Reserves -€83,070
down €83,070 (-93.9%), from €88,427 to €5,358
of which Distributable reserves: -€83,070
- Other debts +€19,024
up €19,024 (+16.2%), from €117,723 to €136,746
- Tax, wage and social debts -€5,543
down €5,543 (-29.7%), from €18,654 to €13,111
of which Remuneration and social security: -€3,339
- Gross operating margin -€4,190
down €4,190 (-5.3%), from €78,785 to €74,595
- Depreciation +€3,157
up €3,157 (+77.3%), from €4,085 to €7,242
- Taxes -€2,187
down €2,187 (-14.4%), from €15,232 to €13,046
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 | €244,354 | €176,722 | -€67,633 | -27.7% |
| Fixed assets | 21/28 | €25,153 | €49,206 | +€24,052 | +95.6% |
| Intangible fixed assets | 21 | €680 | €340 | -€340 | -50.0% |
| Tangible fixed assets | 22/27 | €24,473 | €48,866 | +€24,392 | +99.7% |
| Plant, machinery and equipment | 23 | €4,057 | €2,711 | -€1,345 | -33.2% |
| Furniture and vehicles | 24 | €3,710 | €31,159 | +€27,449 | +740.0% |
| Other tangible fixed assets | 26 | €16,707 | €14,995 | -€1,712 | -10.2% |
| Current assets | 29/58 | €219,201 | €127,516 | -€91,685 | -41.8% |
| Amounts receivable within one year | 40/41 | €41,462 | €35,173 | -€6,288 | -15.2% |
| Trade receivables | 40 | €41,462 | €32,219 | -€9,243 | -22.3% |
| Other amounts receivable | 41 | €0 | €2,954 | +€2,954 | |
| Cash at bank and in hand | 54/58 | €176,885 | €90,381 | -€86,504 | -48.9% |
| Deferred charges and accrued income | 490/1 | €855 | €1,962 | +€1,107 | +129.6% |
| Total equity and liabilities | 10/49 | €244,354 | €176,722 | -€67,633 | -27.7% |
| Equity | 10/15 | €107,027 | €23,958 | -€83,070 | -77.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,427 | €5,358 | -€83,070 | -93.9% |
| Non-distributable reserves | 130/1 | €1,752 | €1,752 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,752 | €1,752 | = | 0.0% |
| Distributable reserves | 133 | €86,676 | €3,606 | -€83,070 | -95.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €137,327 | €152,764 | +€15,437 | +11.2% |
| Amounts payable within one year | 42/48 | €137,327 | €152,764 | +€15,437 | +11.2% |
| Trade debts | 44 | €950 | €1,306 | +€356 | +37.5% |
| Suppliers | 440/4 | €950 | €1,306 | +€356 | +37.5% |
| Advances received on contracts in progress | 46 | - | €1,600 | +€1,600 | |
| Taxes, remuneration and social security | 45 | €18,654 | €13,111 | -€5,543 | -29.7% |
| Taxes | 450/3 | €15,315 | €13,111 | -€2,204 | -14.4% |
| Remuneration and social security | 454/9 | €3,339 | €0 | -€3,339 | -100.0% |
| Other amounts payable | 47/48 | €117,723 | €136,746 | +€19,024 | +16.2% |
| Non-recurring operating income | 76A | - | €737 | +€737 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,085 | €7,242 | +€3,157 | +77.3% |
| Other operating charges | 640/8 | €658 | €536 | -€122 | -18.5% |
| Gross operating margin | 9900 | €78,785 | €74,595 | -€4,190 | -5.3% |
| Operating profit (loss) | 9901 | €74,042 | €66,817 | -€7,225 | -9.8% |
| Financial income | 75/76B | €30 | €0 | -€30 | -100.0% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -100.0% |
| Financial charges | 65/66B | €160 | €166 | +€6 | +3.6% |
| Recurring financial charges | 65 | €160 | €166 | +€6 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €73,912 | €66,651 | -€7,261 | -9.8% |
| Income taxes | 67/77 | €15,232 | €13,046 | -€2,187 | -14.4% |
| Profit (loss) for the period | 9904 | €58,680 | €53,606 | -€5,074 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,680 | €53,606 | -€5,074 | -8.6% |
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 10 October 2026 via checked.be.