P-RO: 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-RO
Largest movements
- Cash +€40,116
up €40,116 (+75.0%), from €53,478 to €93,594
mainly Net result for the year (+€52,949) and Tax, wage and social debts (+€10,934)
- Tangible fixed assets +€9,379
up €9,379 (+25.2%), from €37,222 to €46,601
of which Other tangible fixed assets: +€4,713
- Deferred charges and accrued income +€6,599
up €6,599 (+522%), from €1,265 to €7,864
- Receivables within one year +€5,525
up €5,525 (+86.7%), from €6,372 to €11,896
of which Trade receivables: +€3,735
- Profit (loss) carried forward +€52,949
up €52,949 (+67.5%), from €78,410 to €131,359
- Tax, wage and social debts +€10,934
up €10,934 (+71.2%), from €15,352 to €26,286
- Gross operating margin +€11,284
up €11,284 (+17.2%), from €65,783 to €77,068
- Depreciation +€4,784
up €4,784 (+157%), from €3,048 to €7,832
- Taxes +€1,243
up €1,243 (+9.4%), from €13,289 to €14,532
- Financial charges +€910
up €910 (+715%), from €127 to €1,038
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 | €98,336 | €159,955 | +€61,619 | +62.7% |
| Fixed assets | 21/28 | €37,222 | €46,601 | +€9,379 | +25.2% |
| Tangible fixed assets | 22/27 | €37,222 | €46,601 | +€9,379 | +25.2% |
| Furniture and vehicles | 24 | €7,534 | €12,200 | +€4,666 | +61.9% |
| Other tangible fixed assets | 26 | €29,688 | €34,401 | +€4,713 | +15.9% |
| Current assets | 29/58 | €61,114 | €113,354 | +€52,240 | +85.5% |
| Amounts receivable within one year | 40/41 | €6,372 | €11,896 | +€5,525 | +86.7% |
| Trade receivables | 40 | €6,372 | €10,106 | +€3,735 | +58.6% |
| Other amounts receivable | 41 | €0 | €1,790 | +€1,790 | |
| Cash at bank and in hand | 54/58 | €53,478 | €93,594 | +€40,116 | +75.0% |
| Deferred charges and accrued income | 490/1 | €1,265 | €7,864 | +€6,599 | +522% |
| Total equity and liabilities | 10/49 | €98,336 | €159,955 | +€61,619 | +62.7% |
| Equity | 10/15 | €80,410 | €133,359 | +€52,949 | +65.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,410 | €131,359 | +€52,949 | +67.5% |
| Amounts payable | 17/49 | €17,926 | €26,596 | +€8,670 | +48.4% |
| Amounts payable within one year | 42/48 | €17,926 | €26,596 | +€8,670 | +48.4% |
| Trade debts | 44 | €1,190 | €310 | -€880 | -74.0% |
| Suppliers | 440/4 | €1,190 | €310 | -€880 | -74.0% |
| Taxes, remuneration and social security | 45 | €15,352 | €26,286 | +€10,934 | +71.2% |
| Taxes | 450/3 | €15,352 | €26,286 | +€10,934 | +71.2% |
| Other amounts payable | 47/48 | €1,384 | €0 | -€1,384 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,048 | €7,832 | +€4,784 | +157% |
| Other operating charges | 640/8 | €118 | €717 | +€599 | +508% |
| Gross operating margin | 9900 | €65,783 | €77,068 | +€11,284 | +17.2% |
| Operating profit (loss) | 9901 | €62,617 | €68,519 | +€5,901 | +9.4% |
| Financial charges | 65/66B | €127 | €1,038 | +€910 | +715% |
| Recurring financial charges | 65 | €127 | €1,038 | +€910 | +715% |
| Profit (loss) for the period before taxes | 9903 | €62,490 | €67,481 | +€4,991 | +8.0% |
| Income taxes | 67/77 | €13,289 | €14,532 | +€1,243 | +9.4% |
| Profit (loss) for the period | 9904 | €49,201 | €52,949 | +€3,748 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,201 | €52,949 | +€3,748 | +7.6% |
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 20 October 2026 via checked.be.