P DOUBLE U: 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 DOUBLE U
Largest movements
- Tangible fixed assets -€21,663
down €21,663 (-34.8%), from €62,272 to €40,609
of which Furniture and vehicles: -€20,438
- Receivables within one year -€16,705
down €16,705 (-44.9%), from €37,171 to €20,467
of which Trade receivables: -€16,707
- Cash +€11,994
up €11,994 (+188.0%), from €6,379 to €18,373
mainly Net result for the year (+€90,276) and Depreciation (+€23,283)
- Current investments -€2,433
down €2,433 (-8.1%), from €30,023 to €27,590
- Current portion of long-term debt -€23,035
down €23,035 (-100.0%), from €23,035 to €0
- Other debts +€7,392
up €7,392 (+8.7%), from €85,325 to €92,717
- Tax, wage and social debts -€6,883
down €6,883 (-32.1%), from €21,419 to €14,536
- Trade debts -€6,213
down €6,213 (-80.3%), from €7,736 to €1,523
- Gross operating margin +€8,869
up €8,869 (+6.6%), from €133,530 to €142,400
- Taxes +€3,356
up €3,356 (+14.0%), from €24,033 to €27,388
- Financial charges -€1,998
down €1,998 (-78.8%), from €2,535 to €537
- Depreciation +€1,514
up €1,514 (+7.0%), from €21,769 to €23,283
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 | €137,601 | €108,856 | -€28,745 | -20.9% |
| Fixed assets | 21/28 | €62,272 | €40,609 | -€21,663 | -34.8% |
| Tangible fixed assets | 22/27 | €62,272 | €40,609 | -€21,663 | -34.8% |
| Land and buildings | 22 | €6,121 | €4,896 | -€1,225 | -20.0% |
| Furniture and vehicles | 24 | €56,151 | €35,713 | -€20,438 | -36.4% |
| Current assets | 29/58 | €75,329 | €68,247 | -€7,083 | -9.4% |
| Amounts receivable within one year | 40/41 | €37,171 | €20,467 | -€16,705 | -44.9% |
| Trade receivables | 40 | €37,171 | €20,464 | -€16,707 | -44.9% |
| Other amounts receivable | 41 | - | €3 | +€3 | |
| Current investments | 50/53 | €30,023 | €27,590 | -€2,433 | -8.1% |
| Cash at bank and in hand | 54/58 | €6,379 | €18,373 | +€11,994 | +188.0% |
| Deferred charges and accrued income | 490/1 | €1,757 | €1,817 | +€61 | +3.5% |
| Total equity and liabilities | 10/49 | €137,601 | €108,856 | -€28,745 | -20.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €137,601 | €108,856 | -€28,745 | -20.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €137,515 | €108,776 | -€28,739 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €23,035 | €0 | -€23,035 | -100.0% |
| Trade debts | 44 | €7,736 | €1,523 | -€6,213 | -80.3% |
| Suppliers | 440/4 | €7,736 | €1,523 | -€6,213 | -80.3% |
| Taxes, remuneration and social security | 45 | €21,419 | €14,536 | -€6,883 | -32.1% |
| Taxes | 450/3 | €21,419 | €14,536 | -€6,883 | -32.1% |
| Other amounts payable | 47/48 | €85,325 | €92,717 | +€7,392 | +8.7% |
| Accrued charges and deferred income | 492/3 | €86 | €80 | -€6 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,769 | €23,283 | +€1,514 | +7.0% |
| Other operating charges | 640/8 | €1,001 | €1,068 | +€68 | +6.8% |
| Non-recurring operating charges | 66A | €535 | €0 | -€535 | -100.0% |
| Gross operating margin | 9900 | €133,530 | €142,400 | +€8,869 | +6.6% |
| Operating profit (loss) | 9901 | €110,226 | €118,048 | +€7,822 | +7.1% |
| Financial income | 75/76B | €33 | €154 | +€121 | +372.1% |
| Recurring financial income | 75 | €33 | €154 | +€121 | +372.1% |
| Financial charges | 65/66B | €2,535 | €537 | -€1,998 | -78.8% |
| Recurring financial charges | 65 | €2,535 | €537 | -€1,998 | -78.8% |
| Profit (loss) for the period before taxes | 9903 | €107,724 | €117,665 | +€9,941 | +9.2% |
| Income taxes | 67/77 | €24,033 | €27,388 | +€3,356 | +14.0% |
| Profit (loss) for the period | 9904 | €83,691 | €90,276 | +€6,585 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,691 | €90,276 | +€6,585 | +7.9% |
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 6 October 2026 via checked.be.