P&P Solutions: 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 Solutions
Largest movements
- Cash -€33,053
down €33,053 (-50.8%), from €65,064 to €32,010
mainly Contributions, distributions and other (-€180,000) and Investment in fixed assets (net) (-€3,276)
- Reserves -€120,476
down €120,476 (-32.1%), from €375,706 to €255,230
of which Distributable reserves: -€180,000
- Other debts +€78,900
up €78,900 (+379%), from €20,804 to €99,704
- Gross operating margin +€14,637
up €14,637 (+19.5%), from €75,022 to €89,660
- Financial charges +€3,722
up €3,722 (+4,105%), from €91 to €3,812
- Depreciation -€3,039
down €3,039 (-57.5%), from €5,286 to €2,246
- Taxes +€1,053
up €1,053 (+5.4%), from €19,428 to €20,481
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 | €549,683 | €516,275 | -€33,408 | -6.1% |
| Fixed assets | 21/28 | €453,854 | €454,883 | +€1,029 | +0.2% |
| Tangible fixed assets | 22/27 | €453,854 | €454,883 | +€1,029 | +0.2% |
| Furniture and vehicles | 24 | €3,919 | €1,672 | -€2,246 | -57.3% |
| Other tangible fixed assets | 26 | €449,935 | €453,211 | +€3,276 | +0.7% |
| Current assets | 29/58 | €95,829 | €61,392 | -€34,438 | -35.9% |
| Amounts receivable within one year | 40/41 | €28,236 | €25,273 | -€2,962 | -10.5% |
| Trade receivables | 40 | €18,418 | €25,273 | +€6,856 | +37.2% |
| Other amounts receivable | 41 | €9,818 | - | -€9,818 | |
| Cash at bank and in hand | 54/58 | €65,064 | €32,010 | -€33,053 | -50.8% |
| Deferred charges and accrued income | 490/1 | €2,530 | €4,108 | +€1,578 | +62.4% |
| Total equity and liabilities | 10/49 | €549,683 | €516,275 | -€33,408 | -6.1% |
| Equity | 10/15 | €518,106 | €397,630 | -€120,476 | -23.3% |
| Contributions | 10/11 | €142,400 | €142,400 | = | 0.0% |
| Reserves | 13 | €375,706 | €255,230 | -€120,476 | -32.1% |
| Non-distributable reserves | 130/1 | €137,907 | €197,430 | +€59,524 | +43.2% |
| Other | 1319 | €137,907 | €197,430 | +€59,524 | +43.2% |
| Distributable reserves | 133 | €237,799 | €57,799 | -€180,000 | -75.7% |
| Amounts payable | 17/49 | €31,577 | €118,645 | +€87,068 | +276% |
| Amounts payable within one year | 42/48 | €30,633 | €114,723 | +€84,091 | +275% |
| Trade debts | 44 | €2,259 | €5,611 | +€3,351 | +148% |
| Suppliers | 440/4 | €2,259 | €5,611 | +€3,351 | +148% |
| Taxes, remuneration and social security | 45 | €7,570 | €9,409 | +€1,839 | +24.3% |
| Taxes | 450/3 | €7,570 | €9,409 | +€1,839 | +24.3% |
| Other amounts payable | 47/48 | €20,804 | €99,704 | +€78,900 | +379% |
| Accrued charges and deferred income | 492/3 | €944 | €3,922 | +€2,977 | +315% |
| Non-recurring operating income | 76A | - | €23,000 | +€23,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,286 | €2,246 | -€3,039 | -57.5% |
| Other operating charges | 640/8 | €2,500 | €3,275 | +€775 | +31.0% |
| Non-recurring operating charges | 66A | €116 | €321 | +€205 | +177% |
| Gross operating margin | 9900 | €75,022 | €89,660 | +€14,637 | +19.5% |
| Operating profit (loss) | 9901 | €67,121 | €83,817 | +€16,696 | +24.9% |
| Financial income | 75/76B | €534 | - | -€534 | |
| Recurring financial income | 75 | €534 | - | -€534 | |
| Financial charges | 65/66B | €91 | €3,812 | +€3,722 | +4,105% |
| Recurring financial charges | 65 | €91 | €3,812 | +€3,722 | +4,105% |
| Profit (loss) for the period before taxes | 9903 | €67,564 | €80,005 | +€12,440 | +18.4% |
| Income taxes | 67/77 | €19,428 | €20,481 | +€1,053 | +5.4% |
| Profit (loss) for the period | 9904 | €48,137 | €59,524 | +€11,387 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,137 | €59,524 | +€11,387 | +23.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.