P.R. ' IM: 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.R. ' IM
Largest movements
- Cash -€97,963
down €97,963 (-59.1%), from €165,856 to €67,894
mainly Debts after one year (-€191,369) and Investment in fixed assets (net) (-€16,165)
- Tangible fixed assets -€66,112
down €66,112 (-5.7%), from €1.2m to €1.1m
- Debts after one year -€191,369
down €191,369 (-34.4%), from €555,998 to €364,629
of which Other amounts payable: -€130,000
- Tax, wage and social debts +€27,369
up €27,369 (+20,793%), from €132 to €27,501
- Taxes +€25,619
up €25,619 (+401%), from €6,382 to €32,001
- Financial income +€6,244
up €6,244 (+432%), from €1,447 to €7,691
- Gross operating margin -€5,700
down €5,700 (-4.1%), from €140,089 to €134,389
- Financial charges -€1,782
down €1,782 (-10.0%), from €17,871 to €16,089
of which Financial charges: -€2,042
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 | €1,320,118 | €1,154,410 | -€165,708 | -12.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,152,628 | €1,086,516 | -€66,112 | -5.7% |
| Tangible fixed assets | 22/27 | €1,152,628 | €1,086,516 | -€66,112 | -5.7% |
| Land and buildings | 22 | €1,152,628 | €1,086,516 | -€66,112 | -5.7% |
| Current assets | 29/58 | €167,490 | €67,894 | -€99,596 | -59.5% |
| Amounts receivable within one year | 40/41 | €1,633 | - | -€1,633 | |
| Other amounts receivable | 41 | €1,633 | - | -€1,633 | |
| Cash at bank and in hand | 54/58 | €165,856 | €67,894 | -€97,963 | -59.1% |
| Total equity and liabilities | 10/49 | €1,320,118 | €1,154,410 | -€165,708 | -12.6% |
| Equity | 10/15 | €698,849 | €693,475 | -€5,374 | -0.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €293,200 | €287,826 | -€5,374 | -1.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €287,000 | - | -€287,000 | |
| Distributable reserves | 133 | - | €281,626 | +€281,626 | |
| Profit (loss) carried forward | 14 | €343,649 | €343,649 | +€0 | 0.0% |
| Amounts payable | 17/49 | €621,269 | €460,935 | -€160,334 | -25.8% |
| Amounts payable after more than one year | 17 | €555,998 | €364,629 | -€191,369 | -34.4% |
| Financial debts | 170/4 | €393,998 | €332,629 | -€61,369 | -15.6% |
| Other amounts payable | 178/9 | €162,000 | €32,000 | -€130,000 | -80.2% |
| Amounts payable within one year | 42/48 | €65,271 | €92,685 | +€27,414 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €61,986 | €61,369 | -€617 | -1.0% |
| Trade debts | 44 | €1,035 | €977 | -€58 | -5.6% |
| Suppliers | 440/4 | €1,035 | €977 | -€58 | -5.6% |
| Taxes, remuneration and social security | 45 | €132 | €27,501 | +€27,369 | +20,793% |
| Taxes | 450/3 | €132 | €27,501 | +€27,369 | +20,793% |
| Other amounts payable | 47/48 | €2,119 | €2,839 | +€720 | +34.0% |
| Accrued charges and deferred income | 492/3 | - | €3,621 | +€3,621 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,298 | €82,277 | -€21 | 0.0% |
| Other operating charges | 640/8 | €16,572 | €17,087 | +€515 | +3.1% |
| Gross operating margin | 9900 | €140,089 | €134,389 | -€5,700 | -4.1% |
| Operating profit (loss) | 9901 | €41,219 | €35,025 | -€6,194 | -15.0% |
| Financial income | 75/76B | €1,447 | €7,691 | +€6,244 | +432% |
| Recurring financial income | 75 | €1,447 | €7,691 | +€6,244 | +432% |
| Financial charges | 65/66B | €17,871 | €16,089 | -€1,782 | -10.0% |
| Recurring financial charges | 65 | €17,871 | €15,829 | -€2,042 | -11.4% |
| Non-recurring financial charges | 66B | - | €261 | +€261 | |
| Profit (loss) for the period before taxes | 9903 | €24,795 | €26,627 | +€1,832 | +7.4% |
| Income taxes | 67/77 | €6,382 | €32,001 | +€25,619 | +401% |
| Profit (loss) for the period | 9904 | €18,413 | -€5,374 | -€23,788 | |
| Transfer from tax-exempt reserves | 789 | - | €294,700 | +€294,700 | |
| Transfer to tax-exempt reserves | 689 | - | €7,700 | +€7,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,413 | €281,626 | +€263,212 | +1,429% |
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 23 October 2026 via checked.be.