P'TIBOU: 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'TIBOU
Largest movements
- Receivables within one year +€89,301
up €89,301 (+2,894%), from €3,086 to €92,387
of which Trade receivables: +€74,335
- Cash +€68,205
up €68,205 (+12,138%), from €562 to €68,767
mainly Other debts (+€160,862) and Trade debts (+€54,940)
- Tangible fixed assets +€57,273
up €57,273 (+229%), from €25,044 to €82,318
- Other debts +€160,862
up €160,862 (+36.4%), from €441,419 to €602,281
- Trade debts +€54,940
up €54,940 (+348%), from €15,771 to €70,711
- Tax, wage and social debts -€4,522
down €4,522 (-91.1%), from €4,964 to €442
- Profit (loss) carried forward +€3,036
up €3,036 (+0.4%), from -€774,907 to -€771,871
- Gross operating margin +€20,215
up €20,215, from -€2,789 to €17,426
- Depreciation -€1,265
down €1,265 (-8.8%), from €14,322 to €13,057
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 | €30,940 | €245,256 | +€214,316 | +693% |
| Fixed assets | 21/28 | €25,122 | €82,396 | +€57,273 | +228% |
| Tangible fixed assets | 22/27 | €25,044 | €82,318 | +€57,273 | +229% |
| Furniture and vehicles | 24 | €25,044 | €82,318 | +€57,273 | +229% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €5,818 | €162,860 | +€157,042 | +2,699% |
| Amounts receivable within one year | 40/41 | €3,086 | €92,387 | +€89,301 | +2,894% |
| Trade receivables | 40 | €3,086 | €77,420 | +€74,335 | +2,409% |
| Other amounts receivable | 41 | - | €14,967 | +€14,967 | |
| Cash at bank and in hand | 54/58 | €562 | €68,767 | +€68,205 | +12,138% |
| Deferred charges and accrued income | 490/1 | €2,171 | €1,707 | -€464 | -21.4% |
| Total equity and liabilities | 10/49 | €30,940 | €245,256 | +€214,316 | +693% |
| Equity | 10/15 | -€431,214 | -€428,178 | +€3,036 | +0.7% |
| Contributions | 10/11 | €287,000 | €287,000 | = | 0.0% |
| Capital | 10 | €287,000 | €287,000 | = | 0.0% |
| Issued capital | 100 | €287,000 | €287,000 | = | 0.0% |
| Reserves | 13 | €56,693 | €56,693 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,198 | €6,198 | = | 0.0% |
| Legal reserve | 130 | €6,198 | €6,198 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,495 | €50,495 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€774,907 | -€771,871 | +€3,036 | +0.4% |
| Amounts payable | 17/49 | €462,154 | €673,434 | +€211,280 | +45.7% |
| Amounts payable within one year | 42/48 | €462,154 | €673,434 | +€211,280 | +45.7% |
| Trade debts | 44 | €15,771 | €70,711 | +€54,940 | +348% |
| Suppliers | 440/4 | €15,771 | €70,711 | +€54,940 | +348% |
| Taxes, remuneration and social security | 45 | €4,964 | €442 | -€4,522 | -91.1% |
| Taxes | 450/3 | €4,964 | €442 | -€4,522 | -91.1% |
| Other amounts payable | 47/48 | €441,419 | €602,281 | +€160,862 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,322 | €13,057 | -€1,265 | -8.8% |
| Other operating charges | 640/8 | €976 | €1,087 | +€111 | +11.4% |
| Gross operating margin | 9900 | -€2,789 | €17,426 | +€20,215 | |
| Operating profit (loss) | 9901 | -€18,087 | €3,283 | +€21,370 | |
| Financial charges | 65/66B | €55 | €43 | -€12 | -21.8% |
| Recurring financial charges | 65 | €55 | €43 | -€12 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,142 | €3,240 | +€21,382 | |
| Income taxes | 67/77 | €238 | €204 | -€35 | -14.6% |
| Profit (loss) for the period | 9904 | -€18,380 | €3,036 | +€21,416 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,380 | €3,036 | +€21,416 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.