P & PC Partners: 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 & PC Partners
Largest movements
- Cash +€35,674
up €35,674 (+30.3%), from €117,766 to €153,440
mainly Other debts (+€90,432) and Net result for the year (+€68,548)
- Tangible fixed assets -€7,559
down €7,559 (-46.4%), from €16,276 to €8,716
of which Furniture and vehicles: -€5,246
- Receivables within one year -€6,995
down €6,995 (-8.8%), from €79,810 to €72,815
of which Other amounts receivable: -€4,572
- Deferred charges and accrued income -€5,630
down €5,630 (-30.3%), from €18,600 to €12,970
- Other debts +€90,432
up €90,432 (+197%), from €45,914 to €136,346
- Reserves -€74,639
down €74,639 (-52.1%), from €143,187 to €68,548
- Trade debts -€2,528
down €2,528 (-61.4%), from €4,120 to €1,592
- Gross operating margin +€30,229
up €30,229 (+43.7%), from €69,239 to €99,469
- Depreciation -€8,942
down €8,942 (-54.2%), from €16,502 to €7,559
- Taxes +€8,158
up €8,158 (+59.1%), from €13,805 to €21,964
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 | €232,452 | €247,943 | +€15,490 | +6.7% |
| Fixed assets | 21/28 | €16,276 | €8,716 | -€7,559 | -46.4% |
| Tangible fixed assets | 22/27 | €16,276 | €8,716 | -€7,559 | -46.4% |
| Plant, machinery and equipment | 23 | €1,732 | €874 | -€858 | -49.5% |
| Furniture and vehicles | 24 | €7,280 | €2,034 | -€5,246 | -72.1% |
| Other tangible fixed assets | 26 | €7,264 | €5,808 | -€1,456 | -20.0% |
| Current assets | 29/58 | €216,177 | €239,226 | +€23,050 | +10.7% |
| Amounts receivable within one year | 40/41 | €79,810 | €72,815 | -€6,995 | -8.8% |
| Trade receivables | 40 | €75,081 | €72,658 | -€2,423 | -3.2% |
| Other amounts receivable | 41 | €4,729 | €157 | -€4,572 | -96.7% |
| Cash at bank and in hand | 54/58 | €117,766 | €153,440 | +€35,674 | +30.3% |
| Deferred charges and accrued income | 490/1 | €18,600 | €12,970 | -€5,630 | -30.3% |
| Total equity and liabilities | 10/49 | €232,452 | €247,943 | +€15,490 | +6.7% |
| Equity | 10/15 | €161,787 | €87,148 | -€74,639 | -46.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,187 | €68,548 | -€74,639 | -52.1% |
| Distributable reserves | 133 | €143,187 | €68,548 | -€74,639 | -52.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €70,665 | €160,795 | +€90,130 | +128% |
| Amounts payable within one year | 42/48 | €70,665 | €160,795 | +€90,130 | +128% |
| Trade debts | 44 | €4,120 | €1,592 | -€2,528 | -61.4% |
| Suppliers | 440/4 | €4,120 | €1,592 | -€2,528 | -61.4% |
| Taxes, remuneration and social security | 45 | €20,632 | €22,857 | +€2,226 | +10.8% |
| Taxes | 450/3 | €17,332 | €19,557 | +€2,226 | +12.8% |
| Remuneration and social security | 454/9 | €3,300 | €3,300 | = | 0.0% |
| Other amounts payable | 47/48 | €45,914 | €136,346 | +€90,432 | +197% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,502 | €7,559 | -€8,942 | -54.2% |
| Other operating charges | 640/8 | €1,025 | €1,058 | +€33 | +3.2% |
| Gross operating margin | 9900 | €69,239 | €99,469 | +€30,229 | +43.7% |
| Operating profit (loss) | 9901 | €51,713 | €90,851 | +€39,138 | +75.7% |
| Financial charges | 65/66B | €193 | €340 | +€147 | +75.9% |
| Recurring financial charges | 65 | €193 | €340 | +€147 | +75.9% |
| Profit (loss) for the period before taxes | 9903 | €51,520 | €90,511 | +€38,992 | +75.7% |
| Income taxes | 67/77 | €13,805 | €21,964 | +€8,158 | +59.1% |
| Profit (loss) for the period | 9904 | €37,714 | €68,548 | +€30,833 | +81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,714 | €68,548 | +€30,833 | +81.8% |
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 21 October 2026 via checked.be.