P&T PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year +€42,642
up €42,642 (+28.5%), from €149,380 to €192,023
of which Other amounts receivable: +€26,252
- Tangible fixed assets -€5,996
down €5,996 (-19.9%), from €30,133 to €24,137
of which Plant, machinery and equipment: -€3,683
- Reserves +€108,731
up €108,731 (+150.3%), from €72,353 to €181,085
- Profit (loss) carried forward -€72,878
down €72,878 (-100.0%), from €72,878 to €0
- Tax, wage and social debts -€4,863
down €4,863 (-35.9%), from €13,544 to €8,681
- Trade debts +€3,434
up €3,434 (+20.9%), from €16,402 to €19,835
- Other debts +€2,933
up €2,933, from €0 to €2,933
- Gross operating margin -€50,571
down €50,571 (-48.3%), from €104,667 to €54,096
- Taxes -€9,262
down €9,262 (-47.1%), from €19,665 to €10,403
- Financial charges -€2,257
down €2,257 (-62.7%), from €3,601 to €1,344
- Other operating charges -€1,207
down €1,207 (-50.9%), from €2,372 to €1,165
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 | €209,513 | €246,160 | +€36,646 | +17.5% |
| Fixed assets | 21/28 | €60,133 | €54,137 | -€5,996 | -10.0% |
| Tangible fixed assets | 22/27 | €30,133 | €24,137 | -€5,996 | -19.9% |
| Plant, machinery and equipment | 23 | €27,084 | €23,401 | -€3,683 | -13.6% |
| Furniture and vehicles | 24 | €3,049 | €736 | -€2,313 | -75.9% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €149,380 | €192,023 | +€42,642 | +28.5% |
| Amounts receivable within one year | 40/41 | €149,380 | €192,023 | +€42,642 | +28.5% |
| Trade receivables | 40 | €143,281 | €159,671 | +€16,390 | +11.4% |
| Other amounts receivable | 41 | €6,100 | €32,352 | +€26,252 | +430.4% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €209,513 | €246,160 | +€36,646 | +17.5% |
| Equity | 10/15 | €148,731 | €184,585 | +€35,854 | +24.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €72,353 | €181,085 | +€108,731 | +150.3% |
| Distributable reserves | 133 | €72,353 | €181,085 | +€108,731 | +150.3% |
| Profit (loss) carried forward | 14 | €72,878 | €0 | -€72,878 | -100.0% |
| Amounts payable | 17/49 | €60,782 | €61,575 | +€793 | +1.3% |
| Amounts payable within one year | 42/48 | €60,782 | €61,575 | +€793 | +1.3% |
| Financial debts | 43 | €30,836 | €30,126 | -€710 | -2.3% |
| Credit institutions | 430/8 | €10,836 | €10,126 | -€710 | -6.6% |
| Other loans | 439 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €16,402 | €19,835 | +€3,434 | +20.9% |
| Suppliers | 440/4 | €16,402 | €19,835 | +€3,434 | +20.9% |
| Taxes, remuneration and social security | 45 | €13,544 | €8,681 | -€4,863 | -35.9% |
| Taxes | 450/3 | €13,544 | €8,681 | -€4,863 | -35.9% |
| Other amounts payable | 47/48 | €0 | €2,933 | +€2,933 | |
| Non-recurring operating income | 76A | €11,018 | €0 | -€11,018 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,151 | €5,996 | -€155 | -2.5% |
| Other operating charges | 640/8 | €2,372 | €1,165 | -€1,207 | -50.9% |
| Gross operating margin | 9900 | €104,667 | €54,096 | -€50,571 | -48.3% |
| Operating profit (loss) | 9901 | €96,144 | €46,935 | -€49,208 | -51.2% |
| Financial income | 75/76B | €0 | €666 | +€665 | +2218266.7% |
| Recurring financial income | 75 | €0 | €666 | +€665 | +2218266.7% |
| Financial charges | 65/66B | €3,601 | €1,344 | -€2,257 | -62.7% |
| Recurring financial charges | 65 | €3,601 | €1,344 | -€2,257 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €92,543 | €46,257 | -€46,286 | -50.0% |
| Income taxes | 67/77 | €19,665 | €10,403 | -€9,262 | -47.1% |
| Profit (loss) for the period | 9904 | €72,878 | €35,854 | -€37,024 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,878 | €35,854 | -€37,024 | -50.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.