P & G TEAM: 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 TEAM
Largest movements
- Receivables within one year +€946,380
up €946,380 (+128%), from €741,527 to €1.7m
of which Other amounts receivable: +€872,857
- Cash -€148,821
down €148,821 (-88.2%), from €168,773 to €19,952
mainly Receivables within one year (-€946,380) and Stocks and contracts (-€27,500)
- Stocks and contracts +€27,500
up €27,500 (+10.5%), from €261,000 to €288,500
- Tax, wage and social debts +€808,428
up €808,428 (+23,228%), from €3,480 to €811,908
- Profit (loss) carried forward +€38,631
up €38,631 (+16.6%), from €233,388 to €272,019
- Gross operating margin -€18,796
down €18,796 (-24.5%), from €76,790 to €57,994
- Taxes +€13,877
new in 2024: €13,877
- Depreciation +€3,661
up €3,661 (+369%), from €993 to €4,653
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,175,527 | €2,020,595 | +€845,068 | +71.9% |
| Fixed assets | 21/28 | €3,213 | €23,221 | +€20,008 | +623% |
| Tangible fixed assets | 22/27 | €3,078 | €23,086 | +€20,008 | +650% |
| Furniture and vehicles | 24 | €3,078 | €23,086 | +€20,008 | +650% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,172,314 | €1,997,374 | +€825,059 | +70.4% |
| Stocks and contracts in progress | 3 | €261,000 | €288,500 | +€27,500 | +10.5% |
| Stocks | 30/36 | €261,000 | €288,500 | +€27,500 | +10.5% |
| Amounts receivable within one year | 40/41 | €741,527 | €1,687,907 | +€946,380 | +128% |
| Trade receivables | 40 | €665,573 | €739,096 | +€73,523 | +11.0% |
| Other amounts receivable | 41 | €75,954 | €948,811 | +€872,857 | +1,149% |
| Cash at bank and in hand | 54/58 | €168,773 | €19,952 | -€148,821 | -88.2% |
| Deferred charges and accrued income | 490/1 | €1,014 | €1,014 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,175,527 | €2,020,595 | +€845,068 | +71.9% |
| Equity | 10/15 | €341,570 | €380,202 | +€38,631 | +11.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €33,182 | €33,182 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,319 | €3,319 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,319 | €3,319 | = | 0.0% |
| Distributable reserves | 133 | €29,864 | €29,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | €233,388 | €272,019 | +€38,631 | +16.6% |
| Amounts payable | 17/49 | €833,956 | €1,640,393 | +€806,437 | +96.7% |
| Amounts payable within one year | 42/48 | €833,956 | €1,640,393 | +€806,437 | +96.7% |
| Financial debts | 43 | €232 | €232 | = | 0.0% |
| Credit institutions | 430/8 | €232 | €232 | = | 0.0% |
| Trade debts | 44 | €830,244 | €828,253 | -€1,991 | -0.2% |
| Suppliers | 440/4 | €830,244 | €828,253 | -€1,991 | -0.2% |
| Taxes, remuneration and social security | 45 | €3,480 | €811,908 | +€808,428 | +23,228% |
| Taxes | 450/3 | €3,480 | €811,908 | +€808,428 | +23,228% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €993 | €4,653 | +€3,661 | +369% |
| Other operating charges | 640/8 | €848 | €570 | -€278 | -32.7% |
| Non-recurring operating charges | 66A | €490 | - | -€490 | |
| Gross operating margin | 9900 | €76,790 | €57,994 | -€18,796 | -24.5% |
| Operating profit (loss) | 9901 | €74,460 | €52,771 | -€21,689 | -29.1% |
| Financial charges | 65/66B | €771 | €262 | -€508 | -66.0% |
| Recurring financial charges | 65 | €771 | €262 | -€508 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | €73,689 | €52,508 | -€21,181 | -28.7% |
| Income taxes | 67/77 | - | €13,877 | +€13,877 | |
| Profit (loss) for the period | 9904 | €73,689 | €38,631 | -€35,058 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,689 | €38,631 | -€35,058 | -47.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.