P&O CONCEPT: 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&O CONCEPT
Largest movements
- Stocks and contracts +€1,950
up €1,950 (+88.7%), from €2,198 to €4,147
- Deferred charges and accrued income +€1,627
up €1,627 (+357.9%), from €454 to €2,081
- Tangible fixed assets -€967
down €967 (-3.4%), from €28,120 to €27,153
of which Other tangible fixed assets: -€1,434
- Debts after one year -€9,910
down €9,910 (-92.8%), from €10,683 to €773
- Profit (loss) carried forward +€5,105
up €5,105 (+148.7%), from €3,433 to €8,538
- Other debts +€3,180
up €3,180 (+39.0%), from €8,150 to €11,330
- Trade debts +€2,051
up €2,051 (+38.6%), from €5,313 to €7,364
- Tax, wage and social debts +€1,406
up €1,406 (+32.4%), from €4,342 to €5,748
of which Remuneration and social security: +€769
- Gross operating margin +€13,534
up €13,534 (+112.0%), from €12,079 to €25,612
- Staff costs +€8,699
new in 2025: €8,699
- Depreciation +€644
up €644 (+7.2%), from €8,989 to €9,633
- Taxes +€510
up €510 (+250.3%), from €204 to €714
- Financial charges -€449
down €449 (-46.6%), from €963 to €514
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 | €50,842 | €53,663 | +€2,821 | +5.5% |
| Fixed assets | 21/28 | €28,120 | €27,153 | -€967 | -3.4% |
| Tangible fixed assets | 22/27 | €28,120 | €27,153 | -€967 | -3.4% |
| Plant, machinery and equipment | 23 | €15,546 | €17,180 | +€1,634 | +10.5% |
| Furniture and vehicles | 24 | €1,442 | €275 | -€1,167 | -80.9% |
| Other tangible fixed assets | 26 | €11,132 | €9,697 | -€1,434 | -12.9% |
| Current assets | 29/58 | €22,723 | €26,511 | +€3,788 | +16.7% |
| Stocks and contracts in progress | 3 | €2,198 | €4,147 | +€1,950 | +88.7% |
| Stocks | 30/36 | €2,198 | €4,147 | +€1,950 | +88.7% |
| Amounts receivable within one year | 40/41 | €5,985 | €6,411 | +€426 | +7.1% |
| Trade receivables | 40 | €4,349 | €6,411 | +€2,063 | +47.4% |
| Other amounts receivable | 41 | €1,637 | - | -€1,637 | |
| Cash at bank and in hand | 54/58 | €14,085 | €13,871 | -€214 | -1.5% |
| Deferred charges and accrued income | 490/1 | €454 | €2,081 | +€1,627 | +357.9% |
| Total equity and liabilities | 10/49 | €50,842 | €53,663 | +€2,821 | +5.5% |
| Equity | 10/15 | €13,433 | €18,538 | +€5,105 | +38.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,433 | €8,538 | +€5,105 | +148.7% |
| Amounts payable | 17/49 | €37,409 | €35,125 | -€2,284 | -6.1% |
| Amounts payable after more than one year | 17 | €10,683 | €773 | -€9,910 | -92.8% |
| Financial debts | 170/4 | €10,683 | €773 | -€9,910 | -92.8% |
| Amounts payable within one year | 42/48 | €26,726 | €34,352 | +€7,626 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €8,921 | €9,910 | +€989 | +11.1% |
| Trade debts | 44 | €5,313 | €7,364 | +€2,051 | +38.6% |
| Suppliers | 440/4 | €5,313 | €7,364 | +€2,051 | +38.6% |
| Taxes, remuneration and social security | 45 | €4,342 | €5,748 | +€1,406 | +32.4% |
| Taxes | 450/3 | €336 | €974 | +€638 | +189.7% |
| Remuneration and social security | 454/9 | €4,006 | €4,774 | +€769 | +19.2% |
| Other amounts payable | 47/48 | €8,150 | €11,330 | +€3,180 | +39.0% |
| Remuneration, social security and pensions | 62 | - | €8,699 | +€8,699 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,989 | €9,633 | +€644 | +7.2% |
| Other operating charges | 640/8 | €984 | €975 | -€9 | -0.9% |
| Gross operating margin | 9900 | €12,079 | €25,612 | +€13,534 | +112.0% |
| Operating profit (loss) | 9901 | €2,106 | €6,304 | +€4,199 | +199.4% |
| Financial income | 75/76B | €1 | €29 | +€28 | +3780.0% |
| Recurring financial income | 75 | €1 | €29 | +€28 | +3780.0% |
| Financial charges | 65/66B | €963 | €514 | -€449 | -46.6% |
| Recurring financial charges | 65 | €963 | €514 | -€449 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €1,143 | €5,819 | +€4,676 | +408.9% |
| Income taxes | 67/77 | €204 | €714 | +€510 | +250.3% |
| Profit (loss) for the period | 9904 | €940 | €5,105 | +€4,166 | +443.3% |
| Profit (loss) for the period to be appropriated | 9905 | €940 | €5,105 | +€4,166 | +443.3% |
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 8 October 2026 via checked.be.