P.T.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.T.S.
Largest movements
- Cash +€84,657
up €84,657 (+55.5%), from €152,472 to €237,129
mainly Net result for the year (+€211,307) and Depreciation (+€178,451)
- Tangible fixed assets -€70,433
down €70,433 (-5.5%), from €1.3m to €1.2m
of which Other tangible fixed assets: -€109,289
- Receivables within one year -€34,428
down €34,428 (-51.9%), from €66,322 to €31,894
of which Trade receivables: -€34,762
- Other debts -€246,610
down €246,610 (-44.2%), from €557,359 to €310,749
- Profit (loss) carried forward +€119,041
up €119,041, from -€119,041 to €0
- Reserves +€92,266
up €92,266 (+85.3%), from €108,177 to €200,443
of which Distributable reserves: +€92,266
- Debts after one year +€75,056
up €75,056 (+9.4%), from €800,000 to €875,056
- Trade debts -€53,448
down €53,448 (-44.1%), from €121,135 to €67,687
- Gross operating margin +€93,184
up €93,184 (+8.6%), from €1.1m to €1.2m
- Staff costs +€25,792
up €25,792 (+3.7%), from €704,471 to €730,263
- Financial charges -€21,370
down €21,370 (-38.4%), from €55,687 to €34,317
- Depreciation +€17,225
up €17,225 (+10.7%), from €161,226 to €178,451
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,638,485 | €1,628,456 | -€10,029 | -0.6% |
| Fixed assets | 21/28 | €1,287,675 | €1,217,242 | -€70,433 | -5.5% |
| Tangible fixed assets | 22/27 | €1,287,168 | €1,216,736 | -€70,433 | -5.5% |
| Plant, machinery and equipment | 23 | €296,134 | €246,677 | -€49,456 | -16.7% |
| Furniture and vehicles | 24 | €5,992 | €1,928 | -€4,064 | -67.8% |
| Leasing and similar rights | 25 | - | €92,376 | +€92,376 | |
| Other tangible fixed assets | 26 | €985,043 | €875,755 | -€109,289 | -11.1% |
| Financial fixed assets | 28 | €506 | €506 | = | 0.0% |
| Current assets | 29/58 | €350,810 | €411,214 | +€60,404 | +17.2% |
| Stocks and contracts in progress | 3 | €132,017 | €142,192 | +€10,175 | +7.7% |
| Stocks | 30/36 | €132,017 | €142,192 | +€10,175 | +7.7% |
| Amounts receivable within one year | 40/41 | €66,322 | €31,894 | -€34,428 | -51.9% |
| Trade receivables | 40 | €62,003 | €27,241 | -€34,762 | -56.1% |
| Other amounts receivable | 41 | €4,319 | €4,653 | +€334 | +7.7% |
| Cash at bank and in hand | 54/58 | €152,472 | €237,129 | +€84,657 | +55.5% |
| Total equity and liabilities | 10/49 | €1,638,485 | €1,628,456 | -€10,029 | -0.6% |
| Equity | 10/15 | €7,736 | €219,043 | +€211,307 | +2,731% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,177 | €200,443 | +€92,266 | +85.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,450 | €28,450 | = | 0.0% |
| Distributable reserves | 133 | €77,867 | €170,133 | +€92,266 | +118% |
| Profit (loss) carried forward | 14 | -€119,041 | €0 | +€119,041 | |
| Amounts payable | 17/49 | €1,630,749 | €1,409,413 | -€221,336 | -13.6% |
| Amounts payable after more than one year | 17 | €800,000 | €875,056 | +€75,056 | +9.4% |
| Financial debts | 170/4 | €800,000 | €875,056 | +€75,056 | +9.4% |
| Amounts payable within one year | 42/48 | €830,749 | €533,451 | -€297,298 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | - | €19,288 | +€19,288 | |
| Trade debts | 44 | €121,135 | €67,687 | -€53,448 | -44.1% |
| Suppliers | 440/4 | €121,135 | €67,687 | -€53,448 | -44.1% |
| Advances received on contracts in progress | 46 | €44,962 | €22,368 | -€22,594 | -50.3% |
| Taxes, remuneration and social security | 45 | €107,292 | €113,358 | +€6,066 | +5.7% |
| Taxes | 450/3 | €10,473 | €32,210 | +€21,736 | +208% |
| Remuneration and social security | 454/9 | €96,819 | €81,149 | -€15,670 | -16.2% |
| Other amounts payable | 47/48 | €557,359 | €310,749 | -€246,610 | -44.2% |
| Accrued charges and deferred income | 492/3 | - | €906 | +€906 | |
| Non-recurring operating income | 76A | €4,525 | €1,357 | -€3,167 | -70.0% |
| Remuneration, social security and pensions | 62 | €704,471 | €730,263 | +€25,792 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,226 | €178,451 | +€17,225 | +10.7% |
| Other operating charges | 640/8 | €3,929 | €8,563 | +€4,634 | +118% |
| Gross operating margin | 9900 | €1,079,634 | €1,172,818 | +€93,184 | +8.6% |
| Operating profit (loss) | 9901 | €210,008 | €255,541 | +€45,532 | +21.7% |
| Financial income | 75/76B | €510 | €142 | -€369 | -72.2% |
| Recurring financial income | 75 | €510 | €142 | -€369 | -72.2% |
| Financial charges | 65/66B | €55,687 | €34,317 | -€21,370 | -38.4% |
| Recurring financial charges | 65 | €55,687 | €34,317 | -€21,370 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €154,832 | €221,366 | +€66,534 | +43.0% |
| Income taxes | 67/77 | €797 | €10,059 | +€9,262 | +1,162% |
| Profit (loss) for the period | 9904 | €154,035 | €211,307 | +€57,271 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €154,035 | €211,307 | +€57,271 | +37.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.