P&O GROUP: 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&O GROUP
Largest movements
- Receivables within one year -€6,411
down €6,411 (-9.4%), from €68,082 to €61,671
of which Other amounts receivable: -€5,744
- Stocks and contracts -€4,318
down €4,318 (-74.1%), from €5,831 to €1,513
- Deferred charges and accrued income -€2,963
down €2,963 (-76.6%), from €3,870 to €907
- Tangible fixed assets -€2,053
down €2,053 (-26.0%), from €7,886 to €5,833
of which Plant, machinery and equipment: -€1,053
- Tax, wage and social debts -€15,043
down €15,043 (-41.5%), from €36,236 to €21,193
of which Taxes: -€14,161
- Trade debts -€9,861
down €9,861 (-84.0%), from €11,743 to €1,882
of which Suppliers: -€9,576
- Reserves +€7,667
up €7,667 (+12.8%), from €60,052 to €67,719
- Staff costs +€7,014
up €7,014 (+230%), from €3,049 to €10,063
- Taxes -€2,994
down €2,994 (-37.3%), from €8,019 to €5,025
- Gross operating margin -€2,493
down €2,493 (-7.1%), from €35,309 to €32,816
- Other operating charges +€1,175
up €1,175 (+72.1%), from €1,630 to €2,805
- Depreciation +€400
up €400 (+12.0%), from €3,329 to €3,729
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 | €110,031 | €93,756 | -€16,275 | -14.8% |
| Fixed assets | 21/28 | €8,091 | €6,035 | -€2,056 | -25.4% |
| Tangible fixed assets | 22/27 | €7,886 | €5,833 | -€2,053 | -26.0% |
| Plant, machinery and equipment | 23 | €4,287 | €3,234 | -€1,053 | -24.6% |
| Furniture and vehicles | 24 | €3,599 | €2,599 | -€1,000 | -27.8% |
| Financial fixed assets | 28 | €205 | €202 | -€3 | -1.5% |
| Current assets | 29/58 | €101,940 | €87,721 | -€14,219 | -13.9% |
| Stocks and contracts in progress | 3 | €5,831 | €1,513 | -€4,318 | -74.1% |
| Stocks | 30/36 | €5,831 | €1,513 | -€4,318 | -74.1% |
| Amounts receivable within one year | 40/41 | €68,082 | €61,671 | -€6,411 | -9.4% |
| Trade receivables | 40 | €667 | - | -€667 | |
| Other amounts receivable | 41 | €67,415 | €61,671 | -€5,744 | -8.5% |
| Cash at bank and in hand | 54/58 | €24,157 | €23,630 | -€527 | -2.2% |
| Deferred charges and accrued income | 490/1 | €3,870 | €907 | -€2,963 | -76.6% |
| Total equity and liabilities | 10/49 | €110,031 | €93,756 | -€16,275 | -14.8% |
| Equity | 10/15 | €62,052 | €69,719 | +€7,667 | +12.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €60,052 | €67,719 | +€7,667 | +12.8% |
| Distributable reserves | 133 | €60,052 | €67,719 | +€7,667 | +12.8% |
| Amounts payable | 17/49 | €47,979 | €24,037 | -€23,942 | -49.9% |
| Amounts payable within one year | 42/48 | €47,979 | €23,075 | -€24,904 | -51.9% |
| Trade debts | 44 | €11,743 | €1,882 | -€9,861 | -84.0% |
| Suppliers | 440/4 | €11,458 | €1,882 | -€9,576 | -83.6% |
| Bills of exchange payable | 441 | €285 | - | -€285 | |
| Taxes, remuneration and social security | 45 | €36,236 | €21,193 | -€15,043 | -41.5% |
| Taxes | 450/3 | €35,354 | €21,193 | -€14,161 | -40.1% |
| Remuneration and social security | 454/9 | €882 | - | -€882 | |
| Accrued charges and deferred income | 492/3 | - | €962 | +€962 | |
| Remuneration, social security and pensions | 62 | €3,049 | €10,063 | +€7,014 | +230% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,329 | €3,729 | +€400 | +12.0% |
| Other operating charges | 640/8 | €1,630 | €2,805 | +€1,175 | +72.1% |
| Non-recurring operating charges | 66A | - | €813 | +€813 | |
| Gross operating margin | 9900 | €35,309 | €32,816 | -€2,493 | -7.1% |
| Operating profit (loss) | 9901 | €27,301 | €15,406 | -€11,895 | -43.6% |
| Financial income | 75/76B | €163 | €93 | -€70 | -42.9% |
| Recurring financial income | 75 | €163 | €93 | -€70 | -42.9% |
| Financial charges | 65/66B | €2,776 | €2,807 | +€31 | +1.1% |
| Recurring financial charges | 65 | €2,776 | €2,807 | +€31 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €24,688 | €12,692 | -€11,996 | -48.6% |
| Income taxes | 67/77 | €8,019 | €5,025 | -€2,994 | -37.3% |
| Profit (loss) for the period | 9904 | €16,669 | €7,667 | -€9,002 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,669 | €7,667 | -€9,002 | -54.0% |
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 25 October 2026 via checked.be.