P.P.A.: 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.P.A.
Largest movements
- Receivables within one year +€9,641
up €9,641 (+12.3%), from €78,187 to €87,828
of which Trade receivables: +€20,750
- Tangible fixed assets -€1,565
down €1,565 (-22.6%), from €6,940 to €5,375
of which Furniture and vehicles: -€785
- Financial fixed assets +€1,500
up €1,500 (+10.9%), from €13,739 to €15,239
- Trade debts +€36,442
up €36,442 (+133.2%), from €27,352 to €63,794
- Reserves -€19,033
down €19,033 (-50.9%), from €37,379 to €18,346
of which Distributable reserves: -€19,033
- Profit (loss) carried forward +€12,748
up €12,748, from -€12,748 to €0
- Other debts -€11,670
down €11,670 (-78.9%), from €14,800 to €3,130
- Tax, wage and social debts -€6,078
down €6,078 (-67.4%), from €9,025 to €2,946
- Gross operating margin +€4,685
up €4,685 (+10.0%), from €46,966 to €51,652
- Taxes +€2,972
up €2,972 (+32.0%), from €9,285 to €12,257
- Financial charges -€1,136
down €1,136 (-15.9%), from €7,159 to €6,024
- Other operating charges -€627
down €627 (-20.0%), from €3,135 to €2,508
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,003 | €111,479 | +€8,476 | +8.2% |
| Fixed assets | 21/28 | €22,312 | €21,846 | -€465 | -2.1% |
| Intangible fixed assets | 21 | €1,633 | €1,233 | -€400 | -24.5% |
| Tangible fixed assets | 22/27 | €6,940 | €5,375 | -€1,565 | -22.6% |
| Plant, machinery and equipment | 23 | €1,179 | €398 | -€780 | -66.2% |
| Furniture and vehicles | 24 | €5,762 | €4,976 | -€785 | -13.6% |
| Financial fixed assets | 28 | €13,739 | €15,239 | +€1,500 | +10.9% |
| Current assets | 29/58 | €80,691 | €89,633 | +€8,942 | +11.1% |
| Amounts receivable within one year | 40/41 | €78,187 | €87,828 | +€9,641 | +12.3% |
| Trade receivables | 40 | €61,027 | €81,778 | +€20,750 | +34.0% |
| Other amounts receivable | 41 | €17,159 | €6,050 | -€11,109 | -64.7% |
| Deferred charges and accrued income | 490/1 | €2,504 | €1,805 | -€699 | -27.9% |
| Total equity and liabilities | 10/49 | €103,003 | €111,479 | +€8,476 | +8.2% |
| Equity | 10/15 | €37,031 | €30,746 | -€6,285 | -17.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €37,379 | €18,346 | -€19,033 | -50.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €37,379 | €18,346 | -€19,033 | -50.9% |
| Profit (loss) carried forward | 14 | -€12,748 | €0 | +€12,748 | |
| Amounts payable | 17/49 | €65,972 | €80,733 | +€14,761 | +22.4% |
| Amounts payable within one year | 42/48 | €65,972 | €80,733 | +€14,761 | +22.4% |
| Financial debts | 43 | €14,795 | €10,863 | -€3,932 | -26.6% |
| Credit institutions | 430/8 | €14,795 | €10,863 | -€3,932 | -26.6% |
| Trade debts | 44 | €27,352 | €63,794 | +€36,442 | +133.2% |
| Suppliers | 440/4 | €27,352 | €63,794 | +€36,442 | +133.2% |
| Taxes, remuneration and social security | 45 | €9,025 | €2,946 | -€6,078 | -67.4% |
| Taxes | 450/3 | €9,025 | €2,946 | -€6,078 | -67.4% |
| Other amounts payable | 47/48 | €14,800 | €3,130 | -€11,670 | -78.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,987 | €1,965 | -€21 | -1.1% |
| Other operating charges | 640/8 | €3,135 | €2,508 | -€627 | -20.0% |
| Gross operating margin | 9900 | €46,966 | €51,652 | +€4,685 | +10.0% |
| Operating profit (loss) | 9901 | €41,845 | €47,179 | +€5,333 | +12.7% |
| Financial income | 75/76B | €468 | €336 | -€132 | -28.2% |
| Recurring financial income | 75 | €468 | €336 | -€132 | -28.2% |
| Financial charges | 65/66B | €7,159 | €6,024 | -€1,136 | -15.9% |
| Recurring financial charges | 65 | €7,159 | €6,024 | -€1,136 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €35,154 | €41,491 | +€6,337 | +18.0% |
| Income taxes | 67/77 | €9,285 | €12,257 | +€2,972 | +32.0% |
| Profit (loss) for the period | 9904 | €25,869 | €29,234 | +€3,365 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,869 | €29,234 | +€3,365 | +13.0% |
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 12 October 2026 via checked.be.