P&P: 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.
What changed
P&P
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€160,939
2024 · -€22,431-€138,508
Equity
€2.0m
2024 · €2.2m-€160,939
Cash
€45,585
2024 · €52,487-€6,901
Balance sheet total
€2.8m
2024 · €3.1m-€320,694
Largest movements
Assets
- Current investments -€471,683
down €471,683 (-40.9%), from €1.2m to €681,565
- Receivables within one year +€223,270
up €223,270 (+197.1%), from €113,259 to €336,529
- Tangible fixed assets -€85,394
down €85,394 (-4.8%), from €1.8m to €1.7m
of which Land and buildings: -€42,763
Equity and liabilities
- Reserves -€160,939
down €160,939 (-8.3%), from €1.9m to €1.8m
of which Distributable reserves: -€140,948
- Other debts -€55,034
down €55,034 (-13.2%), from €416,451 to €361,417
- Short-term financial debts -€54,403
down €54,403 (-27.1%), from €200,413 to €146,010
Income statement
- Gross operating margin -€100,834
down €100,834 (-90.2%), from €111,758 to €10,925
- Provisions +€72,036
up €72,036, from -€72,036 to €0
- Taxes -€32,327
down €32,327 (-98.2%), from €32,920 to €594
- Financial charges -€12,321
down €12,321 (-6.6%), from €188,095 to €175,774
- Financial income -€4,800
down €4,800 (-2.8%), from €168,899 to €164,099
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.
Result 2024
-€22,431
Gross operating margin
-€100,834
Staff costs
-€1,597
Depreciation
+€268
Provisions
-€72,036
Other operating charges
-€3,812
Financial income
-€4,800
Financial charges
+€12,321
Taxes
+€32,327
Deferred taxes and other
-€345
Result 2025
-€160,939
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.
From operations
-€402,404
Investment
+€469,709
Financing
-€74,207
Cash 2024
€52,487
From operations (derived)
-€402,404
Net result for the year
-€160,939
Depreciation
+€87,368
Receivables within one year
-€223,270
Deferred charges and accrued income
-€20,015
Provisions
-€6,664
Trade debts
+€18,027
Tax, wage and social debts
-€27,530
Other debts
-€55,034
Accrued charges and deferred income
-€14,348
Investment (derived)
+€469,709
Investment in fixed assets (net)
-€1,974
Current investments
+€471,683
Financing
-€74,207
Debts after one year
-€4,691
Current portion of long-term debt
-€15,114
Short-term financial debts
-€54,403
Cash 2025
€45,585
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,115,533 | €2,794,838 | -€320,694 | -10.3% |
| Fixed assets | 21/28 | €1,789,890 | €1,704,496 | -€85,394 | -4.8% |
| Tangible fixed assets | 22/27 | €1,779,146 | €1,693,751 | -€85,394 | -4.8% |
| Land and buildings | 22 | €1,627,649 | €1,584,887 | -€42,763 | -2.6% |
| Plant, machinery and equipment | 23 | €1,372 | €686 | -€686 | -50.0% |
| Furniture and vehicles | 24 | €150,124 | €108,179 | -€41,946 | -27.9% |
| Financial fixed assets | 28 | €10,744 | €10,744 | = | 0.0% |
| Current assets | 29/58 | €1,325,642 | €1,090,342 | -€235,300 | -17.7% |
| Amounts receivable within one year | 40/41 | €113,259 | €336,529 | +€223,270 | +197.1% |
| Other amounts receivable | 41 | €113,259 | €336,529 | +€223,270 | +197.1% |
| Current investments | 50/53 | €1,153,248 | €681,565 | -€471,683 | -40.9% |
| Cash at bank and in hand | 54/58 | €52,487 | €45,585 | -€6,901 | -13.1% |
| Deferred charges and accrued income | 490/1 | €6,648 | €26,663 | +€20,015 | +301.0% |
| Total equity and liabilities | 10/49 | €3,115,533 | €2,794,838 | -€320,694 | -10.3% |
| Equity | 10/15 | €2,197,477 | €2,036,538 | -€160,939 | -7.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,947,477 | €1,786,538 | -€160,939 | -8.3% |
| Non-distributable reserves | 130/1 | €61,973 | €61,973 | = | 0.0% |
| Legal reserve | 130 | €61,973 | €61,973 | = | 0.0% |
| Tax-exempt reserves | 132 | €641,018 | €621,028 | -€19,991 | -3.1% |
| Distributable reserves | 133 | €1,244,485 | €1,103,537 | -€140,948 | -11.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €213,673 | €207,009 | -€6,664 | -3.1% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Deferred taxes | 168 | €213,673 | €207,009 | -€6,664 | -3.1% |
| Amounts payable | 17/49 | €704,383 | €551,291 | -€153,092 | -21.7% |
| Amounts payable after more than one year | 17 | €4,691 | €0 | -€4,691 | -100.0% |
| Financial debts | 170/4 | €4,691 | €0 | -€4,691 | -100.0% |
| Amounts payable within one year | 42/48 | €677,860 | €543,807 | -€134,053 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €19,804 | €4,691 | -€15,114 | -76.3% |
| Financial debts | 43 | €200,413 | €146,010 | -€54,403 | -27.1% |
| Credit institutions | 430/8 | €200,413 | €146,010 | -€54,403 | -27.1% |
| Trade debts | 44 | €2,703 | €20,731 | +€18,027 | +666.9% |
| Suppliers | 440/4 | €2,703 | €20,731 | +€18,027 | +666.9% |
| Taxes, remuneration and social security | 45 | €38,489 | €10,958 | -€27,530 | -71.5% |
| Taxes | 450/3 | €38,167 | €10,552 | -€27,615 | -72.4% |
| Remuneration and social security | 454/9 | €322 | €406 | +€84 | +26.2% |
| Other amounts payable | 47/48 | €416,451 | €361,417 | -€55,034 | -13.2% |
| Accrued charges and deferred income | 492/3 | €21,832 | €7,484 | -€14,348 | -65.7% |
| Non-recurring operating income | 76A | €53,000 | €0 | -€53,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €60,456 | €62,053 | +€1,597 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,637 | €87,368 | -€268 | -0.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€72,036 | €0 | +€72,036 | |
| Other operating charges | 640/8 | €13,026 | €16,838 | +€3,812 | +29.3% |
| Gross operating margin | 9900 | €111,758 | €10,925 | -€100,834 | -90.2% |
| Operating profit (loss) | 9901 | €22,676 | -€155,334 | -€178,010 | |
| Financial income | 75/76B | €168,899 | €164,099 | -€4,800 | -2.8% |
| Recurring financial income | 75 | €168,899 | €164,099 | -€4,800 | -2.8% |
| Financial charges | 65/66B | €188,095 | €175,774 | -€12,321 | -6.6% |
| Recurring financial charges | 65 | €188,095 | €175,774 | -€12,321 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €3,481 | -€167,009 | -€170,490 | |
| Transfer from deferred taxes | 780 | €7,008 | €6,664 | -€345 | -4.9% |
| Income taxes | 67/77 | €32,920 | €594 | -€32,327 | -98.2% |
| Profit (loss) for the period | 9904 | -€22,431 | -€160,939 | -€138,508 | -617.5% |
| Transfer from tax-exempt reserves | 789 | €21,025 | €19,991 | -€1,034 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,406 | -€140,948 | -€139,542 | -9923.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.