P.P.B.: 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.B.
Largest movements
- Receivables within one year -€39,908
down €39,908 (-80.1%), from €49,802 to €9,894
of which Trade receivables: -€49,802
- Tangible fixed assets -€17,255
down €17,255 (-20.8%), from €82,979 to €65,724
of which Furniture and vehicles: -€11,196
- Reserves -€31,320
down €31,320 (-10.7%), from €292,069 to €260,749
of which Distributable reserves: -€31,320
- Tax, wage and social debts -€22,098
down €22,098 (-97.4%), from €22,681 to €583
of which Taxes: -€22,098
- Other debts +€12,682
up €12,682 (+9.5%), from €132,858 to €145,540
- Accrued charges and deferred income -€6,296
down €6,296 (-60.4%), from €10,431 to €4,135
- Gross operating margin -€83,680
down €83,680 (-81.3%), from €102,947 to €19,267
- Taxes -€20,529
down €20,529 (-95.7%), from €21,441 to €912
- Financial charges -€9,166
down €9,166 (-71.4%), from €12,846 to €3,680
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 | €474,964 | €426,521 | -€48,443 | -10.2% |
| Fixed assets | 21/28 | €82,979 | €65,724 | -€17,255 | -20.8% |
| Tangible fixed assets | 22/27 | €82,979 | €65,724 | -€17,255 | -20.8% |
| Land and buildings | 22 | €48,470 | €42,412 | -€6,059 | -12.5% |
| Furniture and vehicles | 24 | €34,509 | €23,312 | -€11,196 | -32.4% |
| Current assets | 29/58 | €391,985 | €360,797 | -€31,188 | -8.0% |
| Amounts receivable within one year | 40/41 | €49,802 | €9,894 | -€39,908 | -80.1% |
| Trade receivables | 40 | €49,802 | €0 | -€49,802 | -100% |
| Other amounts receivable | 41 | - | €9,894 | +€9,894 | |
| Current investments | 50/53 | €225,811 | €229,800 | +€3,989 | +1.8% |
| Cash at bank and in hand | 54/58 | €116,195 | €120,910 | +€4,715 | +4.1% |
| Deferred charges and accrued income | 490/1 | €177 | €193 | +€17 | +9.4% |
| Total equity and liabilities | 10/49 | €474,964 | €426,521 | -€48,443 | -10.2% |
| Equity | 10/15 | €304,469 | €273,017 | -€31,452 | -10.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €292,069 | €260,749 | -€31,320 | -10.7% |
| Non-distributable reserves | 130/1 | €32,425 | €32,425 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,425 | €32,425 | = | 0.0% |
| Distributable reserves | 133 | €259,644 | €228,324 | -€31,320 | -12.1% |
| Profit (loss) carried forward | 14 | - | -€132 | -€132 | |
| Amounts payable | 17/49 | €170,496 | €153,504 | -€16,991 | -10.0% |
| Amounts payable within one year | 42/48 | €160,065 | €149,370 | -€10,695 | -6.7% |
| Trade debts | 44 | €4,526 | €3,246 | -€1,280 | -28.3% |
| Suppliers | 440/4 | €4,526 | €3,246 | -€1,280 | -28.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €22,681 | €583 | -€22,098 | -97.4% |
| Taxes | 450/3 | €22,681 | €583 | -€22,098 | -97.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €132,858 | €145,540 | +€12,682 | +9.5% |
| Accrued charges and deferred income | 492/3 | €10,431 | €4,135 | -€6,296 | -60.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,255 | €17,255 | = | 0.0% |
| Other operating charges | 640/8 | €1,877 | €1,982 | +€105 | +5.6% |
| Gross operating margin | 9900 | €102,947 | €19,267 | -€83,680 | -81.3% |
| Operating profit (loss) | 9901 | €83,815 | €30 | -€83,785 | -100.0% |
| Financial income | 75/76B | €3,890 | €4,431 | +€541 | +13.9% |
| Recurring financial income | 75 | €3,890 | €4,431 | +€541 | +13.9% |
| Financial charges | 65/66B | €12,846 | €3,680 | -€9,166 | -71.4% |
| Recurring financial charges | 65 | €12,846 | €3,680 | -€9,166 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | €74,859 | €781 | -€74,078 | -99.0% |
| Income taxes | 67/77 | €21,441 | €912 | -€20,529 | -95.7% |
| Profit (loss) for the period | 9904 | €53,417 | -€132 | -€53,549 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,417 | -€132 | -€53,549 |
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 26 October 2026 via checked.be.