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.
P & P
Largest movements
- Cash +€12,543
new in 2025: €12,543
mainly Trade debts (+€10,946) and Net result for the year (+€5,860)
- Trade debts +€10,946
up €10,946 (+26.7%), from €40,927 to €51,873
- Profit (loss) carried forward +€5,860
up €5,860, from -€166 to €5,694
- Gross operating margin -€5,940
down €5,940 (-39.2%), from €15,151 to €9,211
- Taxes -€2,369
down €2,369 (-66.8%), from €3,548 to €1,179
- Financial income +€1,132
up €1,132 (+130.0%), from €871 to €2,003
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 | €290,789 | €305,665 | +€14,877 | +5.1% |
| Fixed assets | 21/28 | €223,827 | €223,444 | -€383 | -0.2% |
| Tangible fixed assets | 22/27 | €223,827 | €223,444 | -€383 | -0.2% |
| Land and buildings | 22 | €222,521 | €222,521 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,306 | €923 | -€383 | -29.3% |
| Current assets | 29/58 | €66,961 | €82,221 | +€15,260 | +22.8% |
| Amounts receivable within one year | 40/41 | €66,961 | €69,678 | +€2,716 | +4.1% |
| Trade receivables | 40 | €35,267 | €35,267 | = | 0.0% |
| Other amounts receivable | 41 | €31,695 | €34,411 | +€2,716 | +8.6% |
| Cash at bank and in hand | 54/58 | - | €12,543 | +€12,543 | |
| Total equity and liabilities | 10/49 | €290,789 | €305,665 | +€14,877 | +5.1% |
| Equity | 10/15 | €243,455 | €249,316 | +€5,860 | +2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €175,421 | €175,421 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166 | €5,694 | +€5,860 | |
| Amounts payable | 17/49 | €47,334 | €56,350 | +€9,016 | +19.0% |
| Amounts payable within one year | 42/48 | €47,334 | €56,350 | +€9,016 | +19.0% |
| Financial debts | 43 | €1,383 | - | -€1,383 | |
| Credit institutions | 430/8 | €1,383 | - | -€1,383 | |
| Trade debts | 44 | €40,927 | €51,873 | +€10,946 | +26.7% |
| Suppliers | 440/4 | €40,927 | €51,873 | +€10,946 | +26.7% |
| Taxes, remuneration and social security | 45 | €5,023 | €4,476 | -€547 | -10.9% |
| Taxes | 450/3 | €5,023 | €4,476 | -€547 | -10.9% |
| Non-recurring operating income | 76A | €15,961 | €14,400 | -€1,561 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €383 | €383 | = | 0.0% |
| Other operating charges | 640/8 | €3,621 | €3,570 | -€51 | -1.4% |
| Gross operating margin | 9900 | €15,151 | €9,211 | -€5,940 | -39.2% |
| Operating profit (loss) | 9901 | €11,147 | €5,258 | -€5,889 | -52.8% |
| Financial income | 75/76B | €871 | €2,003 | +€1,132 | +130.0% |
| Recurring financial income | 75 | €871 | €2,003 | +€1,132 | +130.0% |
| Financial charges | 65/66B | €242 | €222 | -€20 | -8.3% |
| Recurring financial charges | 65 | €242 | €222 | -€20 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €11,776 | €7,040 | -€4,737 | -40.2% |
| Income taxes | 67/77 | €3,548 | €1,179 | -€2,369 | -66.8% |
| Profit (loss) for the period | 9904 | €8,228 | €5,860 | -€2,368 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,228 | €5,860 | -€2,368 | -28.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.