P & P-L D MANAGEMENT: what changed
P & P-L D MANAGEMENT
Largest movements
- Tangible fixed assets -€18,551
down €18,551 (-10.2%), from €181,842 to €163,292
of which Land and buildings: -€10,161
- Cash -€3,810
down €3,810 (-3.3%), from €115,924 to €112,113
mainly Net result for the year (-€26,941) and Receivables within one year (-€620)
- Reserves -€26,960
down €26,960 (-20.3%), from €132,550 to €105,590
- Other debts +€5,862
up €5,862 (+57.4%), from €10,211 to €16,074
- Depreciation +€2,300
up €2,300 (+14.2%), from €16,251 to €18,551
- Gross operating margin +€702
up €702 (+13.9%), from -€5,054 to -€4,352
- Other operating charges +€123
up €123 (+3.2%), from €3,837 to €3,960
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €317,155 | €295,461 | -€21,695 | -6.8% |
| Fixed assets | 21/28 | €181,842 | €163,292 | -€18,551 | -10.2% |
| Tangible fixed assets | 22/27 | €181,842 | €163,292 | -€18,551 | -10.2% |
| Land and buildings | 22 | €151,324 | €141,163 | -€10,161 | -6.7% |
| Furniture and vehicles | 24 | €30,518 | €22,128 | -€8,390 | -27.5% |
| Current assets | 29/58 | €135,313 | €132,169 | -€3,144 | -2.3% |
| Amounts receivable within one year | 40/41 | €12,540 | €13,160 | +€620 | +4.9% |
| Trade receivables | 40 | €10,653 | €12,957 | +€2,305 | +21.6% |
| Other amounts receivable | 41 | €1,888 | €203 | -€1,685 | -89.3% |
| Cash at bank and in hand | 54/58 | €115,924 | €112,113 | -€3,810 | -3.3% |
| Deferred charges and accrued income | 490/1 | €6,849 | €6,896 | +€47 | +0.7% |
| Total equity and liabilities | 10/49 | €317,155 | €295,461 | -€21,695 | -6.8% |
| Equity | 10/15 | €306,158 | €279,217 | -€26,941 | -8.8% |
| Contributions | 10/11 | €173,600 | €173,600 | = | 0.0% |
| Reserves | 13 | €132,550 | €105,590 | -€26,960 | -20.3% |
| Distributable reserves | 133 | €132,550 | €105,590 | -€26,960 | -20.3% |
| Profit (loss) carried forward | 14 | €8 | €27 | +€19 | +251% |
| Amounts payable | 17/49 | €10,998 | €16,244 | +€5,246 | +47.7% |
| Amounts payable within one year | 42/48 | €10,998 | €16,244 | +€5,246 | +47.7% |
| Trade debts | 44 | €787 | €170 | -€617 | -78.4% |
| Suppliers | 440/4 | €787 | €170 | -€617 | -78.4% |
| Other amounts payable | 47/48 | €10,211 | €16,074 | +€5,862 | +57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,251 | €18,551 | +€2,300 | +14.2% |
| Other operating charges | 640/8 | €3,837 | €3,960 | +€123 | +3.2% |
| Gross operating margin | 9900 | -€5,054 | -€4,352 | +€702 | +13.9% |
| Operating profit (loss) | 9901 | -€25,142 | -€26,863 | -€1,721 | -6.8% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €87 | €78 | -€9 | -10.5% |
| Recurring financial charges | 65 | €87 | €78 | -€9 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,199 | -€26,941 | -€1,742 | -6.9% |
| Profit (loss) for the period | 9904 | -€25,199 | -€26,941 | -€1,742 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,199 | -€26,941 | -€1,742 | -6.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.