P. & G.: 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. & G.
Largest movements
- Receivables within one year -€7,826
down €7,826 (-31.2%), from €25,113 to €17,287
of which Other amounts receivable: -€6,848
- Tangible fixed assets -€1,756
down €1,756 (-18.6%), from €9,428 to €7,672
of which Furniture and vehicles: -€3,846
- Cash -€1,558
down €1,558 (-33.2%), from €4,694 to €3,137
mainly Net result for the year (-€8,648) and Investment in fixed assets (net) (-€3,950)
- Stocks and contracts +€517
up €517 (+21.4%), from €2,412 to €2,930
- Profit (loss) carried forward -€8,648
down €8,648 (-162.3%), from -€5,328 to -€13,976
- Current portion of long-term debt -€1,967
down €1,967 (-100.0%), from €1,967 to €0
- Tax, wage and social debts +€1,192
up €1,192 (+20.8%), from €5,733 to €6,925
of which Remuneration and social security: +€1,497
- Trade debts -€1,136
down €1,136 (-25.1%), from €4,518 to €3,382
- Gross operating margin -€11,040
down €11,040 (-22.9%), from €48,269 to €37,228
- Other operating charges -€1,061
down €1,061 (-62.3%), from €1,704 to €642
- Financial charges -€898
down €898 (-31.9%), from €2,814 to €1,916
- Staff costs +€805
up €805 (+2.2%), from €37,210 to €38,015
- Depreciation -€574
down €574 (-9.1%), from €6,280 to €5,706
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 | €41,723 | €31,403 | -€10,320 | -24.7% |
| Fixed assets | 21/28 | €9,504 | €7,748 | -€1,756 | -18.5% |
| Tangible fixed assets | 22/27 | €9,428 | €7,672 | -€1,756 | -18.6% |
| Land and buildings | 22 | €1,843 | €4,958 | +€3,115 | +169.0% |
| Plant, machinery and equipment | 23 | €1,706 | €681 | -€1,025 | -60.1% |
| Furniture and vehicles | 24 | €5,879 | €2,033 | -€3,846 | -65.4% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €32,219 | €23,656 | -€8,564 | -26.6% |
| Stocks and contracts in progress | 3 | €2,412 | €2,930 | +€517 | +21.4% |
| Stocks | 30/36 | €2,412 | €2,930 | +€517 | +21.4% |
| Amounts receivable within one year | 40/41 | €25,113 | €17,287 | -€7,826 | -31.2% |
| Trade receivables | 40 | €5,030 | €4,053 | -€978 | -19.4% |
| Other amounts receivable | 41 | €20,083 | €13,235 | -€6,848 | -34.1% |
| Cash at bank and in hand | 54/58 | €4,694 | €3,137 | -€1,558 | -33.2% |
| Deferred charges and accrued income | 490/1 | - | €302 | +€302 | |
| Total equity and liabilities | 10/49 | €41,723 | €31,403 | -€10,320 | -24.7% |
| Equity | 10/15 | €24,272 | €15,624 | -€8,648 | -35.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,328 | -€13,976 | -€8,648 | -162.3% |
| Amounts payable | 17/49 | €17,451 | €15,779 | -€1,671 | -9.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €17,451 | €15,779 | -€1,671 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €1,967 | €0 | -€1,967 | -100.0% |
| Financial debts | 43 | €3,141 | €3,400 | +€259 | +8.2% |
| Credit institutions | 430/8 | €3,141 | €3,400 | +€259 | +8.2% |
| Trade debts | 44 | €4,518 | €3,382 | -€1,136 | -25.1% |
| Suppliers | 440/4 | €4,518 | €3,382 | -€1,136 | -25.1% |
| Advances received on contracts in progress | 46 | €205 | €205 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,733 | €6,925 | +€1,192 | +20.8% |
| Taxes | 450/3 | €3,635 | €3,330 | -€305 | -8.4% |
| Remuneration and social security | 454/9 | €2,098 | €3,595 | +€1,497 | +71.4% |
| Other amounts payable | 47/48 | €1,886 | €1,867 | -€19 | -1.0% |
| Remuneration, social security and pensions | 62 | €37,210 | €38,015 | +€805 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,280 | €5,706 | -€574 | -9.1% |
| Other operating charges | 640/8 | €1,704 | €642 | -€1,061 | -62.3% |
| Gross operating margin | 9900 | €48,269 | €37,228 | -€11,040 | -22.9% |
| Operating profit (loss) | 9901 | €3,075 | -€7,135 | -€10,210 | |
| Financial income | 75/76B | €563 | €403 | -€160 | -28.5% |
| Recurring financial income | 75 | €563 | €403 | -€160 | -28.5% |
| Financial charges | 65/66B | €2,814 | €1,916 | -€898 | -31.9% |
| Recurring financial charges | 65 | €2,814 | €1,916 | -€898 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €825 | -€8,648 | -€9,473 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €825 | -€8,648 | -€9,473 | |
| Profit (loss) for the period to be appropriated | 9905 | €825 | -€8,648 | -€9,473 |
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 8 October 2026 via checked.be.