P & P Reno: what changed
P & P Reno
Largest movements
- Receivables within one year -€19,148
down €19,148 (-81.1%), from €23,614 to €4,466
of which Other amounts receivable: -€13,350
- Tangible fixed assets +€6,796
up €6,796 (+143%), from €4,761 to €11,557
of which Furniture and vehicles: +€7,717
- Cash +€4,437
up €4,437 (+34.4%), from €12,889 to €17,326
mainly Receivables within one year (+€19,148) and Net result for the year (+€3,784)
- Deferred charges and accrued income -€1,598
down €1,598 (-35.7%), from €4,478 to €2,880
- Reserves -€10,101
down €10,101 (-25.2%), from €40,141 to €30,040
- Tax, wage and social debts +€468
up €468 (+22.4%), from €2,093 to €2,561
of which Taxes: +€2,561
- Gross operating margin -€11,633
down €11,633 (-50.3%), from €23,135 to €11,502
- Taxes -€3,835
down €3,835 (-60.0%), from €6,396 to €2,561
- Depreciation +€1,618
up €1,618 (+75.5%), from €2,143 to €3,761
- Financial charges -€437
down €437 (-63.9%), from €684 to €247
- Financial income -€397
down €397 (-51.6%), from €770 to €373
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 | €45,742 | €36,229 | -€9,514 | -20.8% |
| Fixed assets | 21/28 | €4,761 | €11,557 | +€6,796 | +143% |
| Tangible fixed assets | 22/27 | €4,761 | €11,557 | +€6,796 | +143% |
| Plant, machinery and equipment | 23 | €2,466 | €1,545 | -€921 | -37.3% |
| Furniture and vehicles | 24 | €2,295 | €10,012 | +€7,717 | +336% |
| Current assets | 29/58 | €40,981 | €24,672 | -€16,310 | -39.8% |
| Amounts receivable within one year | 40/41 | €23,614 | €4,466 | -€19,148 | -81.1% |
| Trade receivables | 40 | €7,215 | €1,417 | -€5,798 | -80.4% |
| Other amounts receivable | 41 | €16,399 | €3,049 | -€13,350 | -81.4% |
| Cash at bank and in hand | 54/58 | €12,889 | €17,326 | +€4,437 | +34.4% |
| Deferred charges and accrued income | 490/1 | €4,478 | €2,880 | -€1,598 | -35.7% |
| Total equity and liabilities | 10/49 | €45,742 | €36,229 | -€9,514 | -20.8% |
| Equity | 10/15 | €41,741 | €31,640 | -€10,101 | -24.2% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Reserves | 13 | €40,141 | €30,040 | -€10,101 | -25.2% |
| Distributable reserves | 133 | €40,141 | €30,040 | -€10,101 | -25.2% |
| Amounts payable | 17/49 | €4,002 | €4,589 | +€587 | +14.7% |
| Amounts payable within one year | 42/48 | €4,002 | €4,589 | +€587 | +14.7% |
| Trade debts | 44 | €1,909 | €2,028 | +€119 | +6.2% |
| Suppliers | 440/4 | €1,909 | €2,028 | +€119 | +6.2% |
| Taxes, remuneration and social security | 45 | €2,093 | €2,561 | +€468 | +22.4% |
| Taxes | 450/3 | - | €2,561 | +€2,561 | |
| Remuneration and social security | 454/9 | €2,093 | - | -€2,093 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,143 | €3,761 | +€1,618 | +75.5% |
| Other operating charges | 640/8 | €1,478 | €1,521 | +€43 | +2.9% |
| Gross operating margin | 9900 | €23,135 | €11,502 | -€11,633 | -50.3% |
| Operating profit (loss) | 9901 | €19,514 | €6,219 | -€13,294 | -68.1% |
| Financial income | 75/76B | €770 | €373 | -€397 | -51.6% |
| Recurring financial income | 75 | €770 | €373 | -€397 | -51.6% |
| Financial charges | 65/66B | €684 | €247 | -€437 | -63.9% |
| Recurring financial charges | 65 | €684 | €247 | -€437 | -63.9% |
| Profit (loss) for the period before taxes | 9903 | €19,599 | €6,345 | -€13,254 | -67.6% |
| Income taxes | 67/77 | €6,396 | €2,561 | -€3,835 | -60.0% |
| Profit (loss) for the period | 9904 | €13,203 | €3,784 | -€9,420 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,203 | €3,784 | -€9,420 | -71.3% |
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.