P-Inc: 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-Inc
Largest movements
- Cash +€141,033
up €141,033 (+3587.7%), from €3,931 to €144,964
mainly Current investments (+€100,000) and Net result for the year (+€33,818)
- Current investments -€100,000
down €100,000 (-25.0%), from €400,000 to €300,000
- Receivables within one year -€18,340
down €18,340 (-58.6%), from €31,272 to €12,932
of which Trade receivables: -€15,859
- Tangible fixed assets -€9,148
down €9,148 (-87.3%), from €10,473 to €1,325
of which Plant, machinery and equipment: -€10,473
- Reserves +€33,800
up €33,800 (+19.5%), from €173,092 to €206,892
- Other debts -€29,765
down €29,765 (-18.7%), from €158,747 to €128,982
- Tax, wage and social debts +€6,878
up €6,878 (+402.3%), from €1,710 to €8,588
- Gross operating margin -€67,854
down €67,854 (-49.7%), from €136,603 to €68,749
- Taxes -€12,880
down €12,880 (-41.2%), from €31,256 to €18,376
- Depreciation +€8,597
up €8,597 (+1559.7%), from €551 to €9,148
- Financial income -€7,152
down €7,152 (-68.4%), from €10,463 to €3,311
- Financial charges +€4,416
up €4,416 (+78.2%), from €5,645 to €10,061
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 | €447,590 | €459,418 | +€11,828 | +2.6% |
| Fixed assets | 21/28 | €10,473 | €1,325 | -€9,148 | -87.3% |
| Tangible fixed assets | 22/27 | €10,473 | €1,325 | -€9,148 | -87.3% |
| Plant, machinery and equipment | 23 | €10,473 | - | -€10,473 | |
| Furniture and vehicles | 24 | - | €1,325 | +€1,325 | |
| Current assets | 29/58 | €437,117 | €458,093 | +€20,976 | +4.8% |
| Amounts receivable within one year | 40/41 | €31,272 | €12,932 | -€18,340 | -58.6% |
| Trade receivables | 40 | €26,800 | €10,941 | -€15,859 | -59.2% |
| Other amounts receivable | 41 | €4,472 | €1,991 | -€2,481 | -55.5% |
| Current investments | 50/53 | €400,000 | €300,000 | -€100,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €3,931 | €144,964 | +€141,033 | +3587.7% |
| Deferred charges and accrued income | 490/1 | €1,914 | €197 | -€1,717 | -89.7% |
| Total equity and liabilities | 10/49 | €447,590 | €459,418 | +€11,828 | +2.6% |
| Equity | 10/15 | €287,134 | €320,952 | +€33,818 | +11.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €173,092 | €206,892 | +€33,800 | +19.5% |
| Distributable reserves | 133 | €173,092 | €206,892 | +€33,800 | +19.5% |
| Profit (loss) carried forward | 14 | €109,042 | €109,060 | +€18 | 0.0% |
| Amounts payable | 17/49 | €160,457 | €138,466 | -€21,990 | -13.7% |
| Amounts payable within one year | 42/48 | €160,457 | €138,466 | -€21,990 | -13.7% |
| Trade debts | 44 | - | €896 | +€896 | |
| Suppliers | 440/4 | - | €896 | +€896 | |
| Taxes, remuneration and social security | 45 | €1,710 | €8,588 | +€6,878 | +402.3% |
| Taxes | 450/3 | €1,710 | €8,588 | +€6,878 | +402.3% |
| Other amounts payable | 47/48 | €158,747 | €128,982 | -€29,765 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €551 | €9,148 | +€8,597 | +1559.7% |
| Other operating charges | 640/8 | €571 | €657 | +€86 | +15.1% |
| Gross operating margin | 9900 | €136,603 | €68,749 | -€67,854 | -49.7% |
| Operating profit (loss) | 9901 | €135,480 | €58,943 | -€76,537 | -56.5% |
| Financial income | 75/76B | €10,463 | €3,311 | -€7,152 | -68.4% |
| Recurring financial income | 75 | €10,463 | €3,311 | -€7,152 | -68.4% |
| Financial charges | 65/66B | €5,645 | €10,061 | +€4,416 | +78.2% |
| Recurring financial charges | 65 | €5,645 | €10,061 | +€4,416 | +78.2% |
| Profit (loss) for the period before taxes | 9903 | €140,298 | €52,194 | -€88,104 | -62.8% |
| Income taxes | 67/77 | €31,256 | €18,376 | -€12,880 | -41.2% |
| Profit (loss) for the period | 9904 | €109,042 | €33,818 | -€75,224 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €109,042 | €33,818 | -€75,224 | -69.0% |
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 4 October 2026 via checked.be.