P & P TRADE: what changed
What changed
P & P TRADE
NACE 46.842, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€11,482
2024 · -€18,800+€7,318
Equity
€433,122
2024 · €444,604-€11,482
Cash
€20,237
2024 · €56,857-€36,620
Balance sheet total
€457,288
2024 · €482,564-€25,276
Largest movements
Assets
- Cash -€36,620
down €36,620 (-64.4%), from €56,857 to €20,237
mainly Current investments (-€32,058) and Debts after one year (-€12,459)
- Current investments +€32,058
new in 2025: €32,058
- Tangible fixed assets -€19,284
down €19,284 (-4.7%), from €413,911 to €394,627
of which Land and buildings: -€19,284
Equity and liabilities
- Debts after one year -€12,459
down €12,459 (-56.3%), from €22,112 to €9,653
- Reserves -€11,482
down €11,482 (-2.8%), from €406,004 to €394,522
Income statement
- Gross operating margin +€8,879
up €8,879 (+129%), from €6,868 to €15,747
- Other operating charges +€1,883
up €1,883 (+69.5%), from €2,711 to €4,594
- Financial charges -€404
down €404 (-22.4%), from €1,809 to €1,404
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
-€18,800
Gross operating margin
+€8,879
Depreciation
+€0
Other operating charges
-€1,883
Financial income
-€13
Financial charges
+€404
Taxes
-€69
Result 2025
-€11,482
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
+€5,676
Investment
-€30,292
Financing
-€12,004
Cash 2024
€56,857
From operations (derived)
+€5,676
Net result for the year
-€11,482
Depreciation
+€21,203
Receivables within one year
-€2,728
Deferred charges and accrued income
+€474
Trade debts
+€972
Tax, wage and social debts
+€65
Advances received
-€385
Other debts
-€1,452
Accrued charges and deferred income
-€990
Investment (derived)
-€30,292
Investment in fixed assets (net)
+€1,766
Current investments
-€32,058
Financing
-€12,004
Debts after one year
-€12,459
Current portion of long-term debt
+€455
Cash 2025
€20,237
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €482,564 | €457,288 | -€25,276 | -5.2% |
| Formation expenses | 20 | €3,170 | €1,251 | -€1,919 | -60.5% |
| Fixed assets | 21/28 | €415,677 | €394,627 | -€21,050 | -5.1% |
| Tangible fixed assets | 22/27 | €413,911 | €394,627 | -€19,284 | -4.7% |
| Land and buildings | 22 | €238,911 | €219,627 | -€19,284 | -8.1% |
| Leasing and similar rights | 25 | €175,000 | €175,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,766 | €0 | -€1,766 | -100% |
| Current assets | 29/58 | €63,716 | €61,409 | -€2,307 | -3.6% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,212 | €4,941 | +€2,728 | +123% |
| Trade receivables | 40 | €2,176 | €2,061 | -€115 | -5.3% |
| Other amounts receivable | 41 | €36 | €2,879 | +€2,843 | +7,898% |
| Current investments | 50/53 | - | €32,058 | +€32,058 | |
| Cash at bank and in hand | 54/58 | €56,857 | €20,237 | -€36,620 | -64.4% |
| Deferred charges and accrued income | 490/1 | €2,147 | €1,674 | -€474 | -22.1% |
| Total equity and liabilities | 10/49 | €482,564 | €457,288 | -€25,276 | -5.2% |
| Equity | 10/15 | €444,604 | €433,122 | -€11,482 | -2.6% |
| Contributions | 10/11 | €38,600 | €38,600 | = | 0.0% |
| Reserves | 13 | €406,004 | €394,522 | -€11,482 | -2.8% |
| Distributable reserves | 133 | €406,004 | €394,522 | -€11,482 | -2.8% |
| Amounts payable | 17/49 | €37,959 | €24,165 | -€13,794 | -36.3% |
| Amounts payable after more than one year | 17 | €22,112 | €9,653 | -€12,459 | -56.3% |
| Financial debts | 170/4 | €22,112 | €9,653 | -€12,459 | -56.3% |
| Amounts payable within one year | 42/48 | €14,858 | €14,513 | -€345 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €12,004 | €12,459 | +€455 | +3.8% |
| Trade debts | 44 | €568 | €1,540 | +€972 | +171% |
| Suppliers | 440/4 | €568 | €1,540 | +€972 | +171% |
| Advances received on contracts in progress | 46 | €540 | €155 | -€385 | -71.4% |
| Taxes, remuneration and social security | 45 | €295 | €360 | +€65 | +22.1% |
| Taxes | 450/3 | €295 | €360 | +€65 | +22.1% |
| Other amounts payable | 47/48 | €1,452 | €0 | -€1,452 | -100% |
| Accrued charges and deferred income | 492/3 | €990 | €0 | -€990 | -100% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,203 | €21,203 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,711 | €4,594 | +€1,883 | +69.5% |
| Gross operating margin | 9900 | €6,868 | €15,747 | +€8,879 | +129% |
| Operating profit (loss) | 9901 | -€17,046 | -€10,050 | +€6,996 | +41.0% |
| Financial income | 75/76B | €277 | €264 | -€13 | -4.8% |
| Recurring financial income | 75 | €277 | €264 | -€13 | -4.8% |
| Financial charges | 65/66B | €1,809 | €1,404 | -€404 | -22.4% |
| Recurring financial charges | 65 | €1,809 | €1,404 | -€404 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,578 | -€11,190 | +€7,387 | +39.8% |
| Income taxes | 67/77 | €222 | €292 | +€69 | +31.1% |
| Profit (loss) for the period | 9904 | -€18,800 | -€11,482 | +€7,318 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,800 | -€11,482 | +€7,318 | +38.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.