P & J: 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 & J
Largest movements
- Receivables within one year -€36,296
down €36,296 (-82.8%), from €43,854 to €7,557
of which Other amounts receivable: -€31,872
- Cash +€31,773
up €31,773 (+2954.6%), from €1,075 to €32,848
mainly Receivables within one year (+€36,296)
- Profit (loss) carried forward -€3,790
down €3,790 (-14.4%), from -€26,258 to -€30,048
- Other debts -€704
down €704 (-74.4%), from €946 to €242
- Financial income -€877
down €877 (-96.0%), from €914 to €37
- Other operating charges -€788
down €788 (-54.5%), from €1,445 to €657
- Gross operating margin -€300
down €300 (-11.4%), from -€2,624 to -€2,924
- Financial charges +€215
up €215 (+717.3%), from €30 to €245
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 | €44,929 | €40,405 | -€4,524 | -10.1% |
| Current assets | 29/58 | €44,929 | €40,405 | -€4,524 | -10.1% |
| Amounts receivable within one year | 40/41 | €43,854 | €7,557 | -€36,296 | -82.8% |
| Trade receivables | 40 | €10,475 | €6,050 | -€4,425 | -42.2% |
| Other amounts receivable | 41 | €33,379 | €1,507 | -€31,872 | -95.5% |
| Cash at bank and in hand | 54/58 | €1,075 | €32,848 | +€31,773 | +2954.6% |
| Total equity and liabilities | 10/49 | €44,929 | €40,405 | -€4,524 | -10.1% |
| Equity | 10/15 | €43,310 | €39,520 | -€3,790 | -8.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €49,568 | €49,568 | = | 0.0% |
| Distributable reserves | 133 | €49,568 | €49,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,258 | -€30,048 | -€3,790 | -14.4% |
| Amounts payable | 17/49 | €1,620 | €886 | -€734 | -45.3% |
| Amounts payable within one year | 42/48 | €1,620 | €886 | -€734 | -45.3% |
| Trade debts | 44 | €639 | €644 | +€4 | +0.7% |
| Suppliers | 440/4 | €639 | €644 | +€4 | +0.7% |
| Taxes, remuneration and social security | 45 | €34 | €0 | -€34 | -100.0% |
| Taxes | 450/3 | €34 | €0 | -€34 | -100.0% |
| Other amounts payable | 47/48 | €946 | €242 | -€704 | -74.4% |
| Other operating charges | 640/8 | €1,445 | €657 | -€788 | -54.5% |
| Gross operating margin | 9900 | -€2,624 | -€2,924 | -€300 | -11.4% |
| Operating profit (loss) | 9901 | -€4,069 | -€3,581 | +€488 | +12.0% |
| Financial income | 75/76B | €914 | €37 | -€877 | -96.0% |
| Recurring financial income | 75 | €914 | €37 | -€877 | -96.0% |
| Financial charges | 65/66B | €30 | €245 | +€215 | +717.3% |
| Recurring financial charges | 65 | €30 | €245 | +€215 | +717.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,186 | -€3,790 | -€604 | -19.0% |
| Profit (loss) for the period | 9904 | -€3,186 | -€3,790 | -€604 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,186 | -€3,790 | -€604 | -19.0% |
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 6 October 2026 via checked.be.