P & E MANAGEMENT: 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 & E MANAGEMENT
Largest movements
- Tangible fixed assets -€7,898
down €7,898 (-4.1%), from €191,374 to €183,476
of which Land and buildings: -€7,898
- Cash -€2,345
down €2,345 (-7.0%), from €33,542 to €31,197
mainly Net result for the year (-€10,458) and Other debts (-€147)
- Profit (loss) carried forward -€10,458
down €10,458 (-5.2%), from €202,964 to €192,506
- Gross operating margin +€8,642
up €8,642, from -€6,748 to €1,895
- Other operating charges -€1,714
down €1,714 (-59.1%), from €2,901 to €1,187
- Financial charges -€250
down €250 (-7.7%), from €3,252 to €3,002
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 | €228,260 | €217,602 | -€10,658 | -4.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €191,374 | €183,476 | -€7,898 | -4.1% |
| Tangible fixed assets | 22/27 | €191,374 | €183,476 | -€7,898 | -4.1% |
| Land and buildings | 22 | €191,374 | €183,476 | -€7,898 | -4.1% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €36,886 | €34,126 | -€2,760 | -7.5% |
| Amounts receivable within one year | 40/41 | €2,935 | €2,497 | -€438 | -14.9% |
| Trade receivables | 40 | €2,935 | €2,497 | -€438 | -14.9% |
| Cash at bank and in hand | 54/58 | €33,542 | €31,197 | -€2,345 | -7.0% |
| Deferred charges and accrued income | 490/1 | €410 | €432 | +€22 | +5.4% |
| Total equity and liabilities | 10/49 | €228,260 | €217,602 | -€10,658 | -4.7% |
| Equity | 10/15 | €211,024 | €200,566 | -€10,458 | -5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,964 | €192,506 | -€10,458 | -5.2% |
| Amounts payable | 17/49 | €17,236 | €17,036 | -€200 | -1.2% |
| Amounts payable within one year | 42/48 | €17,236 | €17,036 | -€200 | -1.2% |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €320 | €267 | -€53 | -16.7% |
| Taxes | 450/3 | €320 | €267 | -€53 | -16.7% |
| Other amounts payable | 47/48 | €16,916 | €16,769 | -€147 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,898 | €7,898 | = | 0.0% |
| Other operating charges | 640/8 | €2,901 | €1,187 | -€1,714 | -59.1% |
| Gross operating margin | 9900 | -€6,748 | €1,895 | +€8,642 | |
| Operating profit (loss) | 9901 | -€17,546 | -€7,190 | +€10,357 | +59.0% |
| Financial charges | 65/66B | €3,252 | €3,002 | -€250 | -7.7% |
| Recurring financial charges | 65 | €3,252 | €3,002 | -€250 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,798 | -€10,191 | +€10,607 | +51.0% |
| Income taxes | 67/77 | €320 | €267 | -€53 | -16.7% |
| Profit (loss) for the period | 9904 | -€21,118 | -€10,458 | +€10,660 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,118 | -€10,458 | +€10,660 | +50.5% |
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 16 October 2026 via checked.be.