P-Technics: what changed
What changed
P-Technics
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€5,467
2024 · €7,931-€2,465
Equity
€144,962
2024 · €139,495+€5,467
Cash
€41,189
2024 · €38,808+€2,382
Balance sheet total
€230,658
2024 · €208,716+€21,943
Largest movements
Assets
- Stocks and contracts +€15,175
up €15,175 (+466%), from €3,255 to €18,430
of which Contracts in progress: +€14,375
- Tangible fixed assets +€6,079
up €6,079 (+12.0%), from €50,780 to €56,858
of which Furniture and vehicles: +€13,124
- Cash +€2,382
up €2,382 (+6.1%), from €38,808 to €41,189
mainly Depreciation (+€27,789) and Debts after one year (+€11,673)
Equity and liabilities
- Debts after one year +€11,673
up €11,673 (+139%), from €8,394 to €20,067
- Reserves +€5,467
up €5,467 (+4.0%), from €136,495 to €141,962
- Trade debts +€2,865
up €2,865 (+15.8%), from €18,138 to €21,003
Income statement
- Gross operating margin -€6,122
down €6,122 (-13.4%), from €45,554 to €39,432
- Depreciation -€2,399
down €2,399 (-7.9%), from €30,187 to €27,789
- Taxes -€1,553
down €1,553 (-50.4%), from €3,080 to €1,526
- Financial charges +€531
up €531 (+17.4%), from €3,054 to €3,585
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€7,931
Gross operating margin
-€6,122
Depreciation
+€2,399
Other operating charges
+€282
Financial income
-€45
Financial charges
-€531
Taxes
+€1,553
Result 2025
€5,467
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€25,945
Investment
-€33,867
Financing
+€10,304
Cash 2024
€38,808
From operations (derived)
+€25,945
Net result for the year
+€5,467
Depreciation
+€27,789
Stocks and contracts
-€15,175
Receivables within one year
+€1,871
Deferred charges and accrued income
-€179
Trade debts
+€2,865
Tax, wage and social debts
+€1,506
Other debts
+€1,800
Investment (derived)
-€33,867
Investment in fixed assets (net)
-€33,867
Financing
+€10,304
Debts after one year
+€11,673
Current portion of long-term debt
-€1,368
Cash 2025
€41,189
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,716 | €230,658 | +€21,943 | +10.5% |
| Fixed assets | 21/28 | €51,230 | €57,308 | +€6,079 | +11.9% |
| Tangible fixed assets | 22/27 | €50,780 | €56,858 | +€6,079 | +12.0% |
| Plant, machinery and equipment | 23 | €15,221 | €12,246 | -€2,976 | -19.5% |
| Furniture and vehicles | 24 | €26,310 | €39,435 | +€13,124 | +49.9% |
| Other tangible fixed assets | 26 | €9,248 | €5,178 | -€4,070 | -44.0% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €157,486 | €173,350 | +€15,864 | +10.1% |
| Stocks and contracts in progress | 3 | €3,255 | €18,430 | +€15,175 | +466% |
| Stocks | 30/36 | €3,255 | €4,055 | +€800 | +24.6% |
| Contracts in progress | 37 | €0 | €14,375 | +€14,375 | |
| Amounts receivable within one year | 40/41 | €109,800 | €107,929 | -€1,871 | -1.7% |
| Trade receivables | 40 | €55,730 | €47,621 | -€8,108 | -14.5% |
| Other amounts receivable | 41 | €54,071 | €60,308 | +€6,237 | +11.5% |
| Cash at bank and in hand | 54/58 | €38,808 | €41,189 | +€2,382 | +6.1% |
| Deferred charges and accrued income | 490/1 | €5,623 | €5,802 | +€179 | +3.2% |
| Total equity and liabilities | 10/49 | €208,716 | €230,658 | +€21,943 | +10.5% |
| Equity | 10/15 | €139,495 | €144,962 | +€5,467 | +3.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €136,495 | €141,962 | +€5,467 | +4.0% |
| Distributable reserves | 133 | €136,495 | €141,962 | +€5,467 | +4.0% |
| Amounts payable | 17/49 | €69,220 | €85,696 | +€16,476 | +23.8% |
| Amounts payable after more than one year | 17 | €8,394 | €20,067 | +€11,673 | +139% |
| Financial debts | 170/4 | €8,394 | €20,067 | +€11,673 | +139% |
| Amounts payable within one year | 42/48 | €60,826 | €65,630 | +€4,804 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €15,510 | €14,142 | -€1,368 | -8.8% |
| Trade debts | 44 | €18,138 | €21,003 | +€2,865 | +15.8% |
| Suppliers | 440/4 | €18,138 | €21,003 | +€2,865 | +15.8% |
| Taxes, remuneration and social security | 45 | €1,648 | €3,154 | +€1,506 | +91.4% |
| Taxes | 450/3 | €1,648 | €3,154 | +€1,506 | +91.4% |
| Other amounts payable | 47/48 | €25,531 | €27,331 | +€1,800 | +7.1% |
| Non-recurring operating income | 76A | - | €4,591 | +€4,591 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,187 | €27,789 | -€2,399 | -7.9% |
| Other operating charges | 640/8 | €1,347 | €1,065 | -€282 | -20.9% |
| Gross operating margin | 9900 | €45,554 | €39,432 | -€6,122 | -13.4% |
| Operating profit (loss) | 9901 | €14,020 | €10,578 | -€3,442 | -24.5% |
| Financial income | 75/76B | €45 | €0 | -€45 | -99.8% |
| Recurring financial income | 75 | €45 | €0 | -€45 | -99.8% |
| Financial charges | 65/66B | €3,054 | €3,585 | +€531 | +17.4% |
| Recurring financial charges | 65 | €3,054 | €3,585 | +€531 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €11,011 | €6,993 | -€4,018 | -36.5% |
| Income taxes | 67/77 | €3,080 | €1,526 | -€1,553 | -50.4% |
| Profit (loss) for the period | 9904 | €7,931 | €5,467 | -€2,465 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,931 | €5,467 | -€2,465 | -31.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.