P&I SERVICES: 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 SERVICES
Largest movements
- Receivables within one year +€89,587
up €89,587 (+108%), from €82,960 to €172,547
of which Trade receivables: +€84,251
- Cash +€18,160
up €18,160 (+32.1%), from €56,487 to €74,647
mainly Trade debts (+€143,589) and Depreciation (+€3,026)
- Tangible fixed assets -€2,966
down €2,966 (-37.5%), from €7,913 to €4,947
of which Plant, machinery and equipment: -€1,949
- Trade debts +€143,589
up €143,589 (+2,392%), from €6,003 to €149,592
- Tax, wage and social debts -€20,836
down €20,836 (-70.9%), from €29,380 to €8,544
- Advances received -€12,184
down €12,184 (-62.5%), from €19,492 to €7,309
- Profit (loss) carried forward -€7,456
down €7,456 (-7.9%), from €94,568 to €87,112
- Gross operating margin -€47,994
down €47,994, from €45,723 to -€2,271
- Taxes -€8,003
down €8,003 (-96.7%), from €8,273 to €271
- Depreciation +€1,452
up €1,452 (+92.3%), from €1,574 to €3,026
- Other operating charges -€1,210
down €1,210 (-53.0%), from €2,281 to €1,071
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 | €152,233 | €255,056 | +€102,823 | +67.5% |
| Fixed assets | 21/28 | €7,914 | €4,947 | -€2,967 | -37.5% |
| Intangible fixed assets | 21 | €1 | - | -€1 | |
| Tangible fixed assets | 22/27 | €7,913 | €4,947 | -€2,966 | -37.5% |
| Plant, machinery and equipment | 23 | €4,860 | €2,911 | -€1,949 | -40.1% |
| Furniture and vehicles | 24 | €3,053 | €2,036 | -€1,017 | -33.3% |
| Current assets | 29/58 | €144,319 | €250,109 | +€105,790 | +73.3% |
| Amounts receivable within one year | 40/41 | €82,960 | €172,547 | +€89,587 | +108% |
| Trade receivables | 40 | €51,932 | €136,183 | +€84,251 | +162% |
| Other amounts receivable | 41 | €31,028 | €36,364 | +€5,336 | +17.2% |
| Cash at bank and in hand | 54/58 | €56,487 | €74,647 | +€18,160 | +32.1% |
| Deferred charges and accrued income | 490/1 | €4,872 | €2,915 | -€1,957 | -40.2% |
| Total equity and liabilities | 10/49 | €152,233 | €255,056 | +€102,823 | +67.5% |
| Equity | 10/15 | €97,068 | €89,612 | -€7,456 | -7.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,568 | €87,112 | -€7,456 | -7.9% |
| Amounts payable | 17/49 | €55,165 | €165,444 | +€110,279 | +200% |
| Amounts payable within one year | 42/48 | €55,165 | €165,444 | +€110,279 | +200% |
| Financial debts | 43 | €289 | - | -€289 | |
| Credit institutions | 430/8 | €289 | - | -€289 | |
| Trade debts | 44 | €6,003 | €149,592 | +€143,589 | +2,392% |
| Suppliers | 440/4 | €6,003 | €149,592 | +€143,589 | +2,392% |
| Advances received on contracts in progress | 46 | €19,492 | €7,309 | -€12,184 | -62.5% |
| Taxes, remuneration and social security | 45 | €29,380 | €8,544 | -€20,836 | -70.9% |
| Taxes | 450/3 | €29,380 | €8,544 | -€20,836 | -70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,574 | €3,026 | +€1,452 | +92.3% |
| Other operating charges | 640/8 | €2,281 | €1,071 | -€1,210 | -53.0% |
| Gross operating margin | 9900 | €45,723 | -€2,271 | -€47,994 | |
| Operating profit (loss) | 9901 | €41,867 | -€6,368 | -€48,236 | |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €459 | €817 | +€358 | +78.1% |
| Recurring financial charges | 65 | €459 | €817 | +€358 | +78.1% |
| Profit (loss) for the period before taxes | 9903 | €41,414 | -€7,185 | -€48,600 | |
| Income taxes | 67/77 | €8,273 | €271 | -€8,003 | -96.7% |
| Profit (loss) for the period | 9904 | €33,141 | -€7,456 | -€40,597 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,141 | -€7,456 | -€40,597 |
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 14 October 2026 via checked.be.