P&T Group: what changed
Two fiscal 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&T Group
Largest movements
- Current investments -€230,000
down €230,000 (-88.5%), from €260,000 to €30,000
- Cash +€215,163
up €215,163 (+400.2%), from €53,766 to €268,929
mainly Current investments (+€230,000) and Depreciation (+€64,227)
- Receivables within one year -€39,551
down €39,551 (-56.6%), from €69,933 to €30,382
of which Trade receivables: -€41,991
- Profit (loss) carried forward -€48,305
down €48,305 (-34.4%), from €140,393 to €92,088
- Gross operating margin -€198,217
down €198,217 (-89.7%), from €220,857 to €22,640
- Financial income +€8,605
up €8,605 (+1211.5%), from €710 to €9,315
- Other operating charges -€3,235
down €3,235 (-17.9%), from €18,115 to €14,880
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.
Cash bridge derived
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 | €2,109,874 | €2,047,387 | -€62,487 | -3.0% |
| Fixed assets | 21/28 | €1,726,175 | €1,717,070 | -€9,106 | -0.5% |
| Tangible fixed assets | 22/27 | €1,331,644 | €1,322,538 | -€9,106 | -0.7% |
| Land and buildings | 22 | €1,327,544 | €1,319,738 | -€7,806 | -0.6% |
| Furniture and vehicles | 24 | €4,100 | €2,800 | -€1,300 | -31.7% |
| Financial fixed assets | 28 | €394,532 | €394,532 | = | 0.0% |
| Current assets | 29/58 | €383,699 | €330,317 | -€53,381 | -13.9% |
| Amounts receivable within one year | 40/41 | €69,933 | €30,382 | -€39,551 | -56.6% |
| Trade receivables | 40 | €69,933 | €27,942 | -€41,991 | -60.0% |
| Other amounts receivable | 41 | - | €2,440 | +€2,440 | |
| Current investments | 50/53 | €260,000 | €30,000 | -€230,000 | -88.5% |
| Cash at bank and in hand | 54/58 | €53,766 | €268,929 | +€215,163 | +400.2% |
| Deferred charges and accrued income | 490/1 | €0 | €1,007 | +€1,007 | |
| Total equity and liabilities | 10/49 | €2,109,874 | €2,047,387 | -€62,487 | -3.0% |
| Equity | 10/15 | €1,910,297 | €1,861,282 | -€49,015 | -2.6% |
| Contributions | 10/11 | €119,000 | €119,000 | = | 0.0% |
| Capital | 10 | €119,000 | €119,000 | = | 0.0% |
| Issued capital | 100 | €119,000 | €119,000 | = | 0.0% |
| Reserves | 13 | €1,636,450 | €1,636,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,350 | €19,350 | = | 0.0% |
| Legal reserve | 130 | €19,350 | €19,350 | = | 0.0% |
| Distributable reserves | 133 | €1,617,100 | €1,617,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,393 | €92,088 | -€48,305 | -34.4% |
| Investment grants | 15 | €14,454 | €13,744 | -€710 | -4.9% |
| Provisions and deferred taxes | 16 | €5,904 | €5,614 | -€290 | -4.9% |
| Deferred taxes | 168 | €5,904 | €5,614 | -€290 | -4.9% |
| Amounts payable | 17/49 | €193,673 | €180,491 | -€13,182 | -6.8% |
| Amounts payable within one year | 42/48 | €188,673 | €180,491 | -€8,182 | -4.3% |
| Trade debts | 44 | €41,717 | €41,441 | -€276 | -0.7% |
| Suppliers | 440/4 | €26,994 | €37,317 | +€10,323 | +38.2% |
| Bills of exchange payable | 441 | €14,723 | €4,125 | -€10,598 | -72.0% |
| Taxes, remuneration and social security | 45 | €1,642 | - | -€1,642 | |
| Taxes | 450/3 | €339 | - | -€339 | |
| Remuneration and social security | 454/9 | €1,303 | - | -€1,303 | |
| Other amounts payable | 47/48 | €145,314 | €139,050 | -€6,264 | -4.3% |
| Accrued charges and deferred income | 492/3 | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,986 | €64,227 | +€1,241 | +2.0% |
| Other operating charges | 640/8 | €18,115 | €14,880 | -€3,235 | -17.9% |
| Gross operating margin | 9900 | €220,857 | €22,640 | -€198,217 | -89.7% |
| Operating profit (loss) | 9901 | €139,756 | -€56,467 | -€196,223 | |
| Financial income | 75/76B | €710 | €9,315 | +€8,605 | +1211.5% |
| Recurring financial income | 75 | €710 | €9,315 | +€8,605 | +1211.5% |
| Financial charges | 65/66B | €116 | €272 | +€156 | +134.3% |
| Recurring financial charges | 65 | €116 | €272 | +€156 | +134.3% |
| Profit (loss) for the period before taxes | 9903 | €140,350 | -€47,424 | -€187,774 | |
| Transfer from deferred taxes | 780 | €290 | €290 | = | 0.0% |
| Income taxes | 67/77 | €339 | €1,171 | +€832 | +245.7% |
| Profit (loss) for the period | 9904 | €140,301 | -€48,305 | -€188,606 | |
| Profit (loss) for the period to be appropriated | 9905 | €140,301 | -€48,305 | -€188,606 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.