P-drop: 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-drop
Largest movements
- Tangible fixed assets -€16,194
down €16,194 (-23.3%), from €69,615 to €53,421
of which Furniture and vehicles: -€14,847
- Cash -€4,807
down €4,807 (-7.9%), from €61,099 to €56,293
mainly Contributions, distributions and other (-€105,578) and Other debts (-€11,963)
- Deferred charges and accrued income -€4,766
down €4,766 (-48.2%), from €9,894 to €5,127
- Receivables within one year +€3,685
up €3,685 (+5.7%), from €64,375 to €68,060
- Other debts -€11,963
down €11,963 (-10.3%), from €116,531 to €104,568
- Debts after one year -€8,688
down €8,688 (-73.7%), from €11,795 to €3,107
- Gross operating margin +€33,845
up €33,845 (+18.5%), from €182,567 to €216,412
- Taxes +€7,596
up €7,596 (+32.9%), from €23,059 to €30,655
- Staff costs +€2,749
up €2,749 (+5.0%), from €54,634 to €57,383
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 | €204,984 | €182,901 | -€22,082 | -10.8% |
| Fixed assets | 21/28 | €69,615 | €53,421 | -€16,194 | -23.3% |
| Tangible fixed assets | 22/27 | €69,615 | €53,421 | -€16,194 | -23.3% |
| Plant, machinery and equipment | 23 | €4,297 | €6,227 | +€1,929 | +44.9% |
| Furniture and vehicles | 24 | €44,086 | €29,239 | -€14,847 | -33.7% |
| Other tangible fixed assets | 26 | €21,232 | €17,956 | -€3,277 | -15.4% |
| Current assets | 29/58 | €135,368 | €129,480 | -€5,888 | -4.3% |
| Amounts receivable within one year | 40/41 | €64,375 | €68,060 | +€3,685 | +5.7% |
| Trade receivables | 40 | €64,375 | €68,060 | +€3,685 | +5.7% |
| Cash at bank and in hand | 54/58 | €61,099 | €56,293 | -€4,807 | -7.9% |
| Deferred charges and accrued income | 490/1 | €9,894 | €5,127 | -€4,766 | -48.2% |
| Total equity and liabilities | 10/49 | €204,984 | €182,901 | -€22,082 | -10.8% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €202,984 | €180,901 | -€22,082 | -10.9% |
| Amounts payable after more than one year | 17 | €11,795 | €3,107 | -€8,688 | -73.7% |
| Financial debts | 170/4 | €11,795 | €3,107 | -€8,688 | -73.7% |
| Amounts payable within one year | 42/48 | €191,189 | €177,794 | -€13,394 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €9,214 | €9,107 | -€106 | -1.2% |
| Trade debts | 44 | €4,870 | €3,686 | -€1,183 | -24.3% |
| Suppliers | 440/4 | €4,870 | €3,686 | -€1,183 | -24.3% |
| Taxes, remuneration and social security | 45 | €60,574 | €60,433 | -€141 | -0.2% |
| Taxes | 450/3 | €53,903 | €53,524 | -€379 | -0.7% |
| Remuneration and social security | 454/9 | €6,671 | €6,909 | +€238 | +3.6% |
| Other amounts payable | 47/48 | €116,531 | €104,568 | -€11,963 | -10.3% |
| Remuneration, social security and pensions | 62 | €54,634 | €57,383 | +€2,749 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,948 | €20,888 | +€1,940 | +10.2% |
| Other operating charges | 640/8 | €1,138 | €1,139 | +€1 | +0.1% |
| Gross operating margin | 9900 | €182,567 | €216,412 | +€33,845 | +18.5% |
| Operating profit (loss) | 9901 | €107,847 | €137,001 | +€29,154 | +27.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.5% |
| Financial charges | 65/66B | €969 | €768 | -€201 | -20.7% |
| Recurring financial charges | 65 | €969 | €768 | -€201 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €106,878 | €136,233 | +€29,355 | +27.5% |
| Income taxes | 67/77 | €23,059 | €30,655 | +€7,596 | +32.9% |
| Profit (loss) for the period | 9904 | €83,820 | €105,578 | +€21,759 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,820 | €105,578 | +€21,759 | +26.0% |
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 18 October 2026 via checked.be.