P-J 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-J Services
Largest movements
- Cash +€43,985
up €43,985 (+204%), from €21,543 to €65,529
mainly Net result for the year (+€44,827) and Depreciation (+€14,849)
- Tangible fixed assets -€12,320
down €12,320 (-37.1%), from €33,216 to €20,896
of which Furniture and vehicles: -€10,818
- Deferred charges and accrued income +€11,058
up €11,058 (+1,402%), from €789 to €11,847
- Receivables within one year -€4,692
down €4,692 (-25.8%), from €18,162 to €13,471
of which Other amounts receivable: -€7,515
- Reserves +€25,000
up €25,000 (+1,344%), from €1,860 to €26,860
of which Non-distributable reserves: +€25,000
- Tax, wage and social debts +€13,389
up €13,389 (+3,299%), from €406 to €13,795
- Debts after one year -€9,176
down €9,176 (-85.6%), from €10,715 to €1,539
- Other debts +€7,517
up €7,517 (+53.3%), from €14,099 to €21,616
- Accrued charges and deferred income +€2,913
new in 2025: €2,913
- Gross operating margin +€45,369
up €45,369 (+142%), from €31,907 to €77,276
- Taxes +€15,345
up €15,345 (+6,825%), from €225 to €15,570
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.
Derived cash bridge
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 | €73,710 | €111,742 | +€38,031 | +51.6% |
| Fixed assets | 21/28 | €33,216 | €20,896 | -€12,320 | -37.1% |
| Tangible fixed assets | 22/27 | €33,216 | €20,896 | -€12,320 | -37.1% |
| Plant, machinery and equipment | 23 | €3,903 | €2,600 | -€1,304 | -33.4% |
| Furniture and vehicles | 24 | €28,619 | €17,801 | -€10,818 | -37.8% |
| Other tangible fixed assets | 26 | €693 | €495 | -€198 | -28.6% |
| Current assets | 29/58 | €40,495 | €90,846 | +€50,351 | +124% |
| Amounts receivable within one year | 40/41 | €18,162 | €13,471 | -€4,692 | -25.8% |
| Trade receivables | 40 | €1,523 | €4,346 | +€2,823 | +185% |
| Other amounts receivable | 41 | €16,640 | €9,125 | -€7,515 | -45.2% |
| Cash at bank and in hand | 54/58 | €21,543 | €65,529 | +€43,985 | +204% |
| Deferred charges and accrued income | 490/1 | €789 | €11,847 | +€11,058 | +1,402% |
| Total equity and liabilities | 10/49 | €73,710 | €111,742 | +€38,031 | +51.6% |
| Equity | 10/15 | €35,258 | €60,085 | +€24,827 | +70.4% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €26,860 | +€25,000 | +1,344% |
| Non-distributable reserves | 130/1 | - | €25,000 | +€25,000 | |
| Other | 1319 | - | €25,000 | +€25,000 | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,798 | €20,625 | -€173 | -0.8% |
| Amounts payable | 17/49 | €38,452 | €51,656 | +€13,204 | +34.3% |
| Amounts payable after more than one year | 17 | €10,715 | €1,539 | -€9,176 | -85.6% |
| Financial debts | 170/4 | €10,715 | €1,539 | -€9,176 | -85.6% |
| Amounts payable within one year | 42/48 | €27,737 | €47,204 | +€19,467 | +70.2% |
| Current portion of amounts payable after more than one year | 42 | €9,079 | €9,176 | +€97 | +1.1% |
| Trade debts | 44 | €4,153 | €2,617 | -€1,536 | -37.0% |
| Suppliers | 440/4 | €4,153 | €2,617 | -€1,536 | -37.0% |
| Taxes, remuneration and social security | 45 | €406 | €13,795 | +€13,389 | +3,299% |
| Taxes | 450/3 | €406 | €13,795 | +€13,389 | +3,299% |
| Other amounts payable | 47/48 | €14,099 | €21,616 | +€7,517 | +53.3% |
| Accrued charges and deferred income | 492/3 | - | €2,913 | +€2,913 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,050 | €14,849 | -€201 | -1.3% |
| Other operating charges | 640/8 | €427 | €745 | +€318 | +74.4% |
| Gross operating margin | 9900 | €31,907 | €77,276 | +€45,369 | +142% |
| Operating profit (loss) | 9901 | €16,429 | €61,681 | +€45,252 | +275% |
| Financial income | 75/76B | €0 | €1 | +€1 | +7,900% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +7,900% |
| Financial charges | 65/66B | €2,004 | €1,285 | -€719 | -35.9% |
| Recurring financial charges | 65 | €2,004 | €1,285 | -€719 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €14,426 | €60,397 | +€45,971 | +319% |
| Income taxes | 67/77 | €225 | €15,570 | +€15,345 | +6,825% |
| Profit (loss) for the period | 9904 | €14,201 | €44,827 | +€30,626 | +216% |
| Profit (loss) for the period to be appropriated | 9905 | €14,201 | €44,827 | +€30,626 | +216% |
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 20 October 2026 via checked.be.