P-QUATORZE: 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-QUATORZE
Largest movements
- Cash +€2,547
up €2,547 (+58.1%), from €4,380 to €6,927
mainly Receivables within one year (+€1,520) and Other debts (+€1,366)
- Receivables within one year -€1,520
down €1,520 (-20.1%), from €7,565 to €6,045
of which Trade receivables: -€1,565
- Deferred charges and accrued income +€182
up €182 (+12.0%), from €1,519 to €1,701
- Other debts +€1,366
new in 2025: €1,366
- Trade debts +€1,278
up €1,278 (+607%), from €211 to €1,489
- Tax, wage and social debts -€947
down €947 (-45.3%), from €2,091 to €1,144
- Profit (loss) carried forward -€488
down €488, from €162 to -€326
- Gross operating margin -€7,111
down €7,111 (-94.8%), from €7,498 to €387
- Taxes -€1,084
down €1,084 (-71.4%), from €1,520 to €435
- Other operating charges -€372
down €372 (-48.2%), from €772 to €400
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 | €13,463 | €14,673 | +€1,209 | +9.0% |
| Current assets | 29/58 | €13,463 | €14,673 | +€1,209 | +9.0% |
| Amounts receivable within one year | 40/41 | €7,565 | €6,045 | -€1,520 | -20.1% |
| Trade receivables | 40 | €1,565 | - | -€1,565 | |
| Other amounts receivable | 41 | €6,000 | €6,045 | +€45 | +0.8% |
| Cash at bank and in hand | 54/58 | €4,380 | €6,927 | +€2,547 | +58.1% |
| Deferred charges and accrued income | 490/1 | €1,519 | €1,701 | +€182 | +12.0% |
| Total equity and liabilities | 10/49 | €13,463 | €14,673 | +€1,209 | +9.0% |
| Equity | 10/15 | €11,162 | €10,674 | -€488 | -4.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Contributions outside capital | 11 | €6,000 | €6,000 | = | 0.0% |
| Share premium | 1100/10 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162 | -€326 | -€488 | |
| Amounts payable | 17/49 | €2,301 | €3,998 | +€1,697 | +73.8% |
| Amounts payable within one year | 42/48 | €2,301 | €3,998 | +€1,697 | +73.8% |
| Trade debts | 44 | €211 | €1,489 | +€1,278 | +607% |
| Suppliers | 440/4 | €211 | €1,489 | +€1,278 | +607% |
| Taxes, remuneration and social security | 45 | €2,091 | €1,144 | -€947 | -45.3% |
| Taxes | 450/3 | €2,091 | €1,144 | -€947 | -45.3% |
| Other amounts payable | 47/48 | - | €1,366 | +€1,366 | |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €7,498 | €387 | -€7,111 | -94.8% |
| Operating profit (loss) | 9901 | €6,726 | -€12 | -€6,739 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.0% |
| Financial charges | 65/66B | €44 | €40 | -€4 | -8.8% |
| Recurring financial charges | 65 | €44 | €40 | -€4 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €6,682 | -€53 | -€6,735 | |
| Income taxes | 67/77 | €1,520 | €435 | -€1,084 | -71.4% |
| Profit (loss) for the period | 9904 | €5,162 | -€488 | -€5,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,162 | -€488 | -€5,650 |
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 25 October 2026 via checked.be.