P & I: 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 & I
Largest movements
- Tangible fixed assets -€11,914
down €11,914 (-33.5%), from €35,541 to €23,627
of which Plant, machinery and equipment: -€6,372
- Receivables within one year -€8,206
down €8,206 (-42.2%), from €19,432 to €11,227
of which Other amounts receivable: -€4,862
- Cash +€1,889
up €1,889 (+153.4%), from €1,231 to €3,120
mainly Depreciation (+€12,664) and Receivables within one year (+€8,206)
- Profit (loss) carried forward -€16,332
down €16,332 (-331.4%), from -€4,928 to -€21,260
- Other debts -€1,678
no longer reported in 2025 (was €1,678)
- Turnover -€63,739
down €63,739 (-80.7%), from €79,021 to €15,282
- Purchases and services -€48,689
down €48,689 (-73.1%), from €66,590 to €17,901
- Gross operating margin -€14,719
down €14,719, from €12,532 to -€2,188
- Depreciation -€3,178
down €3,178 (-20.1%), from €15,842 to €12,664
- Other operating charges -€852
down €852 (-67.1%), from €1,269 to €417
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 | €57,213 | €38,602 | -€18,611 | -32.5% |
| Fixed assets | 21/28 | €35,541 | €23,627 | -€11,914 | -33.5% |
| Tangible fixed assets | 22/27 | €35,541 | €23,627 | -€11,914 | -33.5% |
| Land and buildings | 22 | €2,462 | €2,165 | -€297 | -12.1% |
| Plant, machinery and equipment | 23 | €19,546 | €13,174 | -€6,372 | -32.6% |
| Furniture and vehicles | 24 | €13,533 | €8,288 | -€5,245 | -38.8% |
| Current assets | 29/58 | €21,672 | €14,975 | -€6,697 | -30.9% |
| Amounts receivable within one year | 40/41 | €19,432 | €11,227 | -€8,206 | -42.2% |
| Trade receivables | 40 | €6,205 | €2,862 | -€3,344 | -53.9% |
| Other amounts receivable | 41 | €13,227 | €8,365 | -€4,862 | -36.8% |
| Cash at bank and in hand | 54/58 | €1,231 | €3,120 | +€1,889 | +153.4% |
| Deferred charges and accrued income | 490/1 | €1,009 | €628 | -€381 | -37.7% |
| Total equity and liabilities | 10/49 | €57,213 | €38,602 | -€18,611 | -32.5% |
| Equity | 10/15 | €53,026 | €36,694 | -€16,332 | -30.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €56,955 | €56,955 | = | 0.0% |
| Distributable reserves | 133 | €56,955 | €56,955 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,928 | -€21,260 | -€16,332 | -331.4% |
| Amounts payable | 17/49 | €4,187 | €1,907 | -€2,279 | -54.4% |
| Amounts payable within one year | 42/48 | €4,187 | €1,907 | -€2,279 | -54.4% |
| Trade debts | 44 | €2,406 | €1,907 | -€499 | -20.7% |
| Suppliers | 440/4 | €2,406 | €1,907 | -€499 | -20.7% |
| Taxes, remuneration and social security | 45 | €102 | - | -€102 | |
| Taxes | 450/3 | €102 | - | -€102 | |
| Other amounts payable | 47/48 | €1,678 | - | -€1,678 | |
| Turnover | 70 | €79,021 | €15,282 | -€63,739 | -80.7% |
| Non-recurring operating income | 76A | - | €248 | +€248 | |
| Goods, raw materials, services and sundry goods | 60/61 | €66,590 | €17,901 | -€48,689 | -73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,842 | €12,664 | -€3,178 | -20.1% |
| Other operating charges | 640/8 | €1,269 | €417 | -€852 | -67.1% |
| Non-recurring operating charges | 66A | - | €1,016 | +€1,016 | |
| Gross operating margin | 9900 | €12,532 | -€2,188 | -€14,719 | |
| Operating profit (loss) | 9901 | -€4,580 | -€16,284 | -€11,704 | -255.6% |
| Financial income | 75/76B | €220 | €173 | -€47 | -21.3% |
| Recurring financial income | 75 | €220 | €173 | -€47 | -21.3% |
| Financial charges | 65/66B | €192 | €55 | -€136 | -71.1% |
| Recurring financial charges | 65 | €192 | €55 | -€136 | -71.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,552 | -€16,167 | -€11,615 | -255.2% |
| Income taxes | 67/77 | €376 | €165 | -€211 | -56.2% |
| Profit (loss) for the period | 9904 | -€4,928 | -€16,332 | -€11,404 | -231.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,928 | -€16,332 | -€11,404 | -231.4% |
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 10 October 2026 via checked.be.