P-G: 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-G
Largest movements
- Tangible fixed assets +€4,696
up €4,696 (+31.5%), from €14,894 to €19,590
of which Furniture and vehicles: +€6,799
- Deferred charges and accrued income -€2,889
down €2,889 (-60.0%), from €4,819 to €1,930
- Cash -€779
down €779 (-8.8%), from €8,814 to €8,034
mainly Investment in fixed assets (net) (-€10,719) and Tax, wage and social debts (-€5,433)
- Reserves +€13,857
up €13,857 (+65.7%), from €21,097 to €34,954
- Tax, wage and social debts -€5,433
down €5,433 (-76.7%), from €7,088 to €1,655
of which Remuneration and social security: -€6,321
- Other debts -€4,920
no longer reported in 2025 (was €4,920)
- Trade debts -€2,305
down €2,305 (-57.5%), from €4,007 to €1,702
- Staff costs -€15,402
down €15,402 (-35.0%), from €44,023 to €28,621
- Gross operating margin +€7,431
up €7,431 (+13.4%), from €55,292 to €62,723
- Taxes +€5,000
new in 2025: €5,000
- Depreciation +€2,319
up €2,319 (+62.6%), from €3,704 to €6,023
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 | €36,942 | €38,313 | +€1,371 | +3.7% |
| Fixed assets | 21/28 | €15,704 | €20,400 | +€4,696 | +29.9% |
| Tangible fixed assets | 22/27 | €14,894 | €19,590 | +€4,696 | +31.5% |
| Land and buildings | 22 | €8,799 | €8,312 | -€487 | -5.5% |
| Plant, machinery and equipment | 23 | €2,650 | €2,505 | -€146 | -5.5% |
| Furniture and vehicles | 24 | - | €6,799 | +€6,799 | |
| Other tangible fixed assets | 26 | €3,445 | €1,975 | -€1,470 | -42.7% |
| Financial fixed assets | 28 | €810 | €810 | = | 0.0% |
| Current assets | 29/58 | €21,238 | €17,913 | -€3,325 | -15.7% |
| Amounts receivable within one year | 40/41 | €7,605 | €7,949 | +€344 | +4.5% |
| Trade receivables | 40 | €5,605 | €2,949 | -€2,656 | -47.4% |
| Other amounts receivable | 41 | €2,000 | €5,000 | +€3,000 | +150% |
| Cash at bank and in hand | 54/58 | €8,814 | €8,034 | -€779 | -8.8% |
| Deferred charges and accrued income | 490/1 | €4,819 | €1,930 | -€2,889 | -60.0% |
| Total equity and liabilities | 10/49 | €36,942 | €38,313 | +€1,371 | +3.7% |
| Equity | 10/15 | €20,927 | €34,956 | +€14,030 | +67.0% |
| Reserves | 13 | €21,097 | €34,954 | +€13,857 | +65.7% |
| Distributable reserves | 133 | €21,097 | €34,954 | +€13,857 | +65.7% |
| Profit (loss) carried forward | 14 | -€171 | €2 | +€173 | |
| Amounts payable | 17/49 | €16,015 | €3,357 | -€12,658 | -79.0% |
| Amounts payable within one year | 42/48 | €16,015 | €3,357 | -€12,658 | -79.0% |
| Trade debts | 44 | €4,007 | €1,702 | -€2,305 | -57.5% |
| Suppliers | 440/4 | €4,007 | €1,702 | -€2,305 | -57.5% |
| Taxes, remuneration and social security | 45 | €7,088 | €1,655 | -€5,433 | -76.7% |
| Taxes | 450/3 | €667 | €1,555 | +€888 | +133% |
| Remuneration and social security | 454/9 | €6,421 | €100 | -€6,321 | -98.4% |
| Other amounts payable | 47/48 | €4,920 | - | -€4,920 | |
| Remuneration, social security and pensions | 62 | €44,023 | €28,621 | -€15,402 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,704 | €6,023 | +€2,319 | +62.6% |
| Other operating charges | 640/8 | €8,714 | €8,675 | -€38 | -0.4% |
| Gross operating margin | 9900 | €55,292 | €62,723 | +€7,431 | +13.4% |
| Operating profit (loss) | 9901 | -€1,148 | €19,404 | +€20,552 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +3,533% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +3,533% |
| Financial charges | 65/66B | €883 | €376 | -€508 | -57.5% |
| Recurring financial charges | 65 | €808 | €323 | -€486 | -60.1% |
| Non-recurring financial charges | 66B | €75 | €53 | -€22 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,031 | €19,030 | +€21,060 | |
| Income taxes | 67/77 | - | €5,000 | +€5,000 | |
| Profit (loss) for the period | 9904 | -€2,031 | €14,030 | +€16,060 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,031 | €14,030 | +€16,060 |
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 19 October 2026 via checked.be.