P&R Bidco: what changed
P&R Bidco
Largest movements
- Cash +€366,753
up €366,753 (+1,634%), from €22,439 to €389,192
mainly Net result for the year (+€4.4m) and Smaller working-capital items (+€2,829)
- Profit (loss) carried forward +€4.4m
up €4.4m, from -€403,864 to €4.0m
- Debts after one year -€2.8m
no longer reported in 2025 (was €2.8m)
- Other debts -€606,430
down €606,430 (-79.8%), from €760,347 to €153,916
- Short-term financial debts -€500,000
down €500,000 (-66.7%), from €750,000 to €250,000
- Accrued charges and deferred income -€160,899
no longer reported in 2025 (was €160,899)
- Financial income +€4.5m
new in 2025: €4.5m
- Financial charges -€74,491
down €74,491 (-55.6%), from €133,958 to €59,466
- Gross operating margin -€26,000
down €26,000 (-15,586%), from -€167 to -€26,167
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,375,902 | €12,733,741 | +€357,840 | +2.9% |
| Fixed assets | 21/28 | €12,344,398 | €12,344,398 | = | 0.0% |
| Financial fixed assets | 28 | €12,344,398 | €12,344,398 | = | 0.0% |
| Current assets | 29/58 | €31,503 | €389,343 | +€357,840 | +1,136% |
| Amounts receivable within one year | 40/41 | €9,064 | €151 | -€8,913 | -98.3% |
| Trade receivables | 40 | €8,755 | - | -€8,755 | |
| Other amounts receivable | 41 | €309 | €151 | -€158 | -51.3% |
| Cash at bank and in hand | 54/58 | €22,439 | €389,192 | +€366,753 | +1,634% |
| Total equity and liabilities | 10/49 | €12,375,902 | €12,733,741 | +€357,840 | +2.9% |
| Equity | 10/15 | €7,934,381 | €12,329,636 | +€4.4m | +55.4% |
| Contributions | 10/11 | €8,338,245 | €8,338,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€403,864 | €3,991,390 | +€4.4m | |
| Amounts payable | 17/49 | €4,441,520 | €404,106 | -€4.0m | -90.9% |
| Amounts payable after more than one year | 17 | €2,764,000 | - | -€2.8m | |
| Financial debts | 170/4 | €2,764,000 | - | -€2.8m | |
| Amounts payable within one year | 42/48 | €1,516,621 | €404,106 | -€1.1m | -73.4% |
| Financial debts | 43 | €750,000 | €250,000 | -€500,000 | -66.7% |
| Credit institutions | 430/8 | €750,000 | €250,000 | -€500,000 | -66.7% |
| Trade debts | 44 | €6,274 | €189 | -€6,085 | -97.0% |
| Suppliers | 440/4 | €6,274 | €189 | -€6,085 | -97.0% |
| Other amounts payable | 47/48 | €760,347 | €153,916 | -€606,430 | -79.8% |
| Accrued charges and deferred income | 492/3 | €160,899 | - | -€160,899 | |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | -€167 | -€26,167 | -€26,000 | -15,586% |
| Operating profit (loss) | 9901 | -€229 | -€26,229 | -€26,000 | -11,363% |
| Financial income | 75/76B | - | €4,480,949 | +€4.5m | |
| Recurring financial income | 75 | - | €4,480,949 | +€4.5m | |
| Financial charges | 65/66B | €133,958 | €59,466 | -€74,491 | -55.6% |
| Recurring financial charges | 65 | €133,958 | €59,466 | -€74,491 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | -€134,187 | €4,395,254 | +€4.5m | |
| Profit (loss) for the period | 9904 | -€134,187 | €4,395,254 | +€4.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€134,187 | €4,395,254 | +€4.5m |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.