P&S: 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&S
Largest movements
- Financial fixed assets -€1.1m
down €1.1m (-100%), from €1.1m to €0
- Cash -€11,409
down €11,409 (-86.0%), from €13,263 to €1,854
mainly Net result for the year (-€985,370) and Current portion of long-term debt (-€93,625)
- Profit (loss) carried forward -€667,553
new in 2025: -€667,553
- Reserves -€317,817
down €317,817 (-100%), from €317,817 to €0
- Current portion of long-term debt -€93,625
down €93,625 (-100%), from €93,625 to €0
- Financial charges +€4,504
up €4,504 (+29.3%), from €15,396 to €19,900
- Gross operating margin +€4,229
up €4,229 (+25.9%), from €16,353 to €20,582
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 | €1,107,374 | €25,994 | -€1.1m | -97.7% |
| Fixed assets | 21/28 | €1,076,612 | €0 | -€1.1m | -100% |
| Financial fixed assets | 28 | €1,076,612 | €0 | -€1.1m | -100% |
| Current assets | 29/58 | €30,763 | €25,994 | -€4,769 | -15.5% |
| Amounts receivable within one year | 40/41 | €17,500 | €24,141 | +€6,641 | +37.9% |
| Trade receivables | 40 | €17,500 | €24,000 | +€6,500 | +37.1% |
| Other amounts receivable | 41 | €0 | €141 | +€141 | |
| Cash at bank and in hand | 54/58 | €13,263 | €1,854 | -€11,409 | -86.0% |
| Total equity and liabilities | 10/49 | €1,107,374 | €25,994 | -€1.1m | -97.7% |
| Equity | 10/15 | €467,817 | -€517,553 | -€985,370 | |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €317,817 | €0 | -€317,817 | -100% |
| Distributable reserves | 133 | €317,817 | €0 | -€317,817 | -100% |
| Profit (loss) carried forward | 14 | - | -€667,553 | -€667,553 | |
| Amounts payable | 17/49 | €639,557 | €543,547 | -€96,010 | -15.0% |
| Amounts payable after more than one year | 17 | €540,076 | €538,310 | -€1,766 | -0.3% |
| Financial debts | 170/4 | €190,537 | €0 | -€190,537 | -100% |
| Other amounts payable | 178/9 | €349,539 | €538,310 | +€188,771 | +54.0% |
| Amounts payable within one year | 42/48 | €94,586 | €787 | -€93,799 | -99.2% |
| Current portion of amounts payable after more than one year | 42 | €93,625 | €0 | -€93,625 | -100% |
| Trade debts | 44 | €960 | €787 | -€174 | -18.1% |
| Suppliers | 440/4 | €960 | €787 | -€174 | -18.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,896 | €4,451 | -€445 | -9.1% |
| Other operating charges | 640/8 | €1,135 | €968 | -€168 | -14.8% |
| Non-recurring operating charges | 66A | - | €985,112 | +€985,112 | |
| Gross operating margin | 9900 | €16,353 | €20,582 | +€4,229 | +25.9% |
| Operating profit (loss) | 9901 | €15,217 | -€965,497 | -€980,715 | |
| Financial income | 75/76B | €0 | €28 | +€27 | +6,860% |
| Recurring financial income | 75 | €0 | €28 | +€27 | +6,860% |
| Financial charges | 65/66B | €15,396 | €19,900 | +€4,504 | +29.3% |
| Recurring financial charges | 65 | €15,396 | €19,900 | +€4,504 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | -€178 | -€985,370 | -€985,191 | -552,021% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€178 | -€985,370 | -€985,191 | -552,021% |
| Profit (loss) for the period to be appropriated | 9905 | -€178 | -€985,370 | -€985,191 | -552,021% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.