P.P.T.: 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.T.
Largest movements
- Cash +€75,683
up €75,683 (+60.1%), from €125,837 to €201,520
mainly Net result for the year (+€52,174) and Investment in fixed assets (net) (+€9,478)
- Tangible fixed assets -€9,478
no longer reported in 2025 (was €9,478)
- Receivables within one year -€4,516
down €4,516 (-11.8%), from €38,363 to €33,847
of which Other amounts receivable: -€3,608
- Reserves +€43,356
up €43,356 (+31.2%), from €139,000 to €182,356
- Profit (loss) carried forward +€8,818
no longer reported in 2025 (was -€8,818)
- Tax, wage and social debts +€5,586
up €5,586 (+36.9%), from €15,128 to €20,714
- Other debts +€3,339
up €3,339 (+28.2%), from €11,833 to €15,172
- Gross operating margin +€20,359
up €20,359 (+39.7%), from €51,241 to €71,600
- Taxes +€5,810
up €5,810 (+45.0%), from €12,915 to €18,725
- Depreciation -€3,903
no longer reported in 2025 (was €3,903)
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 | €177,052 | €238,091 | +€61,039 | +34.5% |
| Fixed assets | 21/28 | €9,478 | - | -€9,478 | |
| Tangible fixed assets | 22/27 | €9,478 | - | -€9,478 | |
| Furniture and vehicles | 24 | €9,478 | - | -€9,478 | |
| Current assets | 29/58 | €167,574 | €238,091 | +€70,517 | +42.1% |
| Amounts receivable within one year | 40/41 | €38,363 | €33,847 | -€4,516 | -11.8% |
| Trade receivables | 40 | €32,670 | €31,763 | -€908 | -2.8% |
| Other amounts receivable | 41 | €5,693 | €2,085 | -€3,608 | -63.4% |
| Cash at bank and in hand | 54/58 | €125,837 | €201,520 | +€75,683 | +60.1% |
| Deferred charges and accrued income | 490/1 | €3,374 | €2,724 | -€650 | -19.3% |
| Total equity and liabilities | 10/49 | €177,052 | €238,091 | +€61,039 | +34.5% |
| Equity | 10/15 | €148,782 | €200,956 | +€52,174 | +35.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,000 | €182,356 | +€43,356 | +31.2% |
| Distributable reserves | 133 | €139,000 | €182,356 | +€43,356 | +31.2% |
| Profit (loss) carried forward | 14 | -€8,818 | - | +€8,818 | |
| Amounts payable | 17/49 | €28,269 | €37,135 | +€8,866 | +31.4% |
| Amounts payable within one year | 42/48 | €28,269 | €37,135 | +€8,866 | +31.4% |
| Trade debts | 44 | €1,308 | €1,250 | -€58 | -4.5% |
| Suppliers | 440/4 | €1,308 | €1,250 | -€58 | -4.5% |
| Taxes, remuneration and social security | 45 | €15,128 | €20,714 | +€5,586 | +36.9% |
| Taxes | 450/3 | €15,128 | €20,714 | +€5,586 | +36.9% |
| Other amounts payable | 47/48 | €11,833 | €15,172 | +€3,339 | +28.2% |
| Non-recurring operating income | 76A | - | €23,966 | +€23,966 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,903 | - | -€3,903 | |
| Other operating charges | 640/8 | €505 | €562 | +€57 | +11.2% |
| Gross operating margin | 9900 | €51,241 | €71,600 | +€20,359 | +39.7% |
| Operating profit (loss) | 9901 | €46,833 | €71,038 | +€24,205 | +51.7% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €168 | €179 | +€11 | +6.5% |
| Recurring financial charges | 65 | €168 | €179 | +€11 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €46,665 | €70,899 | +€24,234 | +51.9% |
| Income taxes | 67/77 | €12,915 | €18,725 | +€5,810 | +45.0% |
| Profit (loss) for the period | 9904 | €33,750 | €52,174 | +€18,424 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,750 | €52,174 | +€18,424 | +54.6% |
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 16 October 2026 via checked.be.