P.P.E - Project and Plant Engineering: what changed
What changed
P.P.E - Project and Plant Engineering
NACE 46.643, Wholesale of electrical equipment, including installation materials
filed annual accounts (NBB)
Net result for the year
€58,190
2024 · €53,766+€4,424
Equity
€627,162
2024 · €568,971+€58,190
Cash
€29,038
2024 · €175,227-€146,189
Balance sheet total
€668,659
2024 · €627,963+€40,695
Largest movements
Assets
- Current investments +€214,327
new in 2025: €214,327
- Cash -€146,189
down €146,189 (-83.4%), from €175,227 to €29,038
mainly Current investments (-€214,327) and Current portion of long-term debt (-€16,541)
- Tangible fixed assets -€18,546
down €18,546 (-4.5%), from €411,542 to €392,996
of which Furniture and vehicles: -€11,067
Equity and liabilities
- Reserves +€58,190
up €58,190 (+19.6%), from €296,759 to €354,950
- Current portion of long-term debt -€16,541
down €16,541 (-92.3%), from €17,919 to €1,378
Income statement
- Gross operating margin +€7,547
up €7,547 (+7.2%), from €104,971 to €112,518
- Taxes +€1,720
up €1,720 (+8.3%), from €20,788 to €22,508
- Financial charges +€1,392
up €1,392 (+130%), from €1,071 to €2,463
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€53,766
Gross operating margin
+€7,547
Depreciation
-€604
Other operating charges
-€185
Financial income
+€779
Financial charges
-€1,392
Taxes
-€1,720
Result 2025
€58,190
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€92,270
Investment
-€221,917
Financing
-€16,541
Cash 2024
€175,227
From operations (derived)
+€92,270
Net result for the year
+€58,190
Depreciation
+€26,136
Receivables within one year
+€2,786
Deferred charges and accrued income
+€6,111
Trade debts
-€3,870
Tax, wage and social debts
+€1,029
Other debts
+€1,022
Accrued charges and deferred income
+€864
Investment (derived)
-€221,917
Investment in fixed assets (net)
-€7,590
Current investments
-€214,327
Financing
-€16,541
Current portion of long-term debt
-€16,541
Cash 2025
€29,038
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €627,963 | €668,659 | +€40,695 | +6.5% |
| Fixed assets | 21/28 | €411,585 | €393,039 | -€18,546 | -4.5% |
| Tangible fixed assets | 22/27 | €411,542 | €392,996 | -€18,546 | -4.5% |
| Land and buildings | 22 | €376,516 | €369,154 | -€7,361 | -2.0% |
| Plant, machinery and equipment | 23 | €923 | €980 | +€57 | +6.2% |
| Furniture and vehicles | 24 | €32,703 | €21,637 | -€11,067 | -33.8% |
| Other tangible fixed assets | 26 | €1,400 | €1,225 | -€175 | -12.5% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €216,378 | €275,620 | +€59,242 | +27.4% |
| Amounts receivable within one year | 40/41 | €34,051 | €31,265 | -€2,786 | -8.2% |
| Trade receivables | 40 | €29,840 | €29,716 | -€124 | -0.4% |
| Other amounts receivable | 41 | €4,212 | €1,550 | -€2,662 | -63.2% |
| Current investments | 50/53 | - | €214,327 | +€214,327 | |
| Cash at bank and in hand | 54/58 | €175,227 | €29,038 | -€146,189 | -83.4% |
| Deferred charges and accrued income | 490/1 | €7,100 | €989 | -€6,111 | -86.1% |
| Total equity and liabilities | 10/49 | €627,963 | €668,659 | +€40,695 | +6.5% |
| Equity | 10/15 | €568,971 | €627,162 | +€58,190 | +10.2% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Revaluation surpluses | 12 | €14,522 | €14,522 | = | 0.0% |
| Reserves | 13 | €296,759 | €354,950 | +€58,190 | +19.6% |
| Distributable reserves | 133 | €296,759 | €354,950 | +€58,190 | +19.6% |
| Profit (loss) carried forward | 14 | €245,285 | €245,285 | = | 0.0% |
| Amounts payable | 17/49 | €58,992 | €41,497 | -€17,495 | -29.7% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,739 | €13,380 | -€18,359 | -57.8% |
| Current portion of amounts payable after more than one year | 42 | €17,919 | €1,378 | -€16,541 | -92.3% |
| Trade debts | 44 | €4,105 | €235 | -€3,870 | -94.3% |
| Suppliers | 440/4 | €4,105 | €235 | -€3,870 | -94.3% |
| Taxes, remuneration and social security | 45 | €7,303 | €8,333 | +€1,029 | +14.1% |
| Taxes | 450/3 | €7,303 | €8,333 | +€1,029 | +14.1% |
| Other amounts payable | 47/48 | €2,411 | €3,434 | +€1,022 | +42.4% |
| Accrued charges and deferred income | 492/3 | €2,253 | €3,117 | +€864 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,532 | €26,136 | +€604 | +2.4% |
| Other operating charges | 640/8 | €3,815 | €4,000 | +€185 | +4.8% |
| Gross operating margin | 9900 | €104,971 | €112,518 | +€7,547 | +7.2% |
| Operating profit (loss) | 9901 | €75,625 | €82,383 | +€6,758 | +8.9% |
| Financial income | 75/76B | €0 | €779 | +€779 | +324,463% |
| Recurring financial income | 75 | €0 | €779 | +€779 | +324,463% |
| Financial charges | 65/66B | €1,071 | €2,463 | +€1,392 | +130% |
| Recurring financial charges | 65 | €1,071 | €2,463 | +€1,392 | +130% |
| Profit (loss) for the period before taxes | 9903 | €74,554 | €80,699 | +€6,144 | +8.2% |
| Income taxes | 67/77 | €20,788 | €22,508 | +€1,720 | +8.3% |
| Profit (loss) for the period | 9904 | €53,766 | €58,190 | +€4,424 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,766 | €58,190 | +€4,424 | +8.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.