P WE HOLDING: 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 WE HOLDING
Largest movements
- Cash +€1.3m
up €1.3m (+512%), from €247,634 to €1.5m
mainly Net result for the year (+€2.7m) and Tax, wage and social debts (+€280,096)
- Receivables within one year +€173,592
up €173,592 (+12.3%), from €1.4m to €1.6m
of which Other amounts receivable: +€147,692
- Reserves +€2.0m
up €2.0m (+63.7%), from €3.2m to €5.2m
- Contributions -€1.0m
down €1.0m (-98.0%), from €1.0m to €20,500
- Tax, wage and social debts +€280,096
up €280,096 (+173%), from €161,711 to €441,807
of which Taxes: +€280,001
- Other debts +€118,404
up €118,404 (+60.5%), from €195,811 to €314,215
- Financial income +€1.4m
up €1.4m (+104%), from €1.4m to €2.8m
- Taxes +€142,583
up €142,583 (+68.9%), from €206,979 to €349,563
- Gross operating margin +€51,214
up €51,214 (+17.9%), from €286,418 to €337,632
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 | €4,546,698 | €5,961,214 | +€1.4m | +31.1% |
| Fixed assets | 21/28 | €2,883,174 | €2,855,474 | -€27,700 | -1.0% |
| Tangible fixed assets | 22/27 | €112,674 | €84,974 | -€27,700 | -24.6% |
| Furniture and vehicles | 24 | €112,674 | €84,974 | -€27,700 | -24.6% |
| Financial fixed assets | 28 | €2,770,500 | €2,770,500 | = | 0.0% |
| Current assets | 29/58 | €1,663,524 | €3,105,740 | +€1.4m | +86.7% |
| Amounts receivable within one year | 40/41 | €1,414,738 | €1,588,330 | +€173,592 | +12.3% |
| Trade receivables | 40 | €62,430 | €88,330 | +€25,900 | +41.5% |
| Other amounts receivable | 41 | €1,352,308 | €1,500,000 | +€147,692 | +10.9% |
| Cash at bank and in hand | 54/58 | €247,634 | €1,516,202 | +€1.3m | +512% |
| Deferred charges and accrued income | 490/1 | €1,152 | €1,208 | +€57 | +4.9% |
| Total equity and liabilities | 10/49 | €4,546,698 | €5,961,214 | +€1.4m | +31.1% |
| Equity | 10/15 | €4,185,012 | €5,201,566 | +€1.0m | +24.3% |
| Contributions | 10/11 | €1,020,500 | €20,500 | -€1.0m | -98.0% |
| Reserves | 13 | €3,164,512 | €5,181,066 | +€2.0m | +63.7% |
| Distributable reserves | 133 | €3,164,512 | €5,181,066 | +€2.0m | +63.7% |
| Amounts payable | 17/49 | €361,686 | €759,648 | +€397,962 | +110% |
| Amounts payable within one year | 42/48 | €361,328 | €759,648 | +€398,320 | +110% |
| Trade debts | 44 | €3,806 | €3,626 | -€180 | -4.7% |
| Suppliers | 440/4 | €3,806 | €3,626 | -€180 | -4.7% |
| Taxes, remuneration and social security | 45 | €161,711 | €441,807 | +€280,096 | +173% |
| Taxes | 450/3 | €159,221 | €439,222 | +€280,001 | +176% |
| Remuneration and social security | 454/9 | €2,490 | €2,585 | +€95 | +3.8% |
| Other amounts payable | 47/48 | €195,811 | €314,215 | +€118,404 | +60.5% |
| Accrued charges and deferred income | 492/3 | €358 | - | -€358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,887 | €36,950 | +€3,063 | +9.0% |
| Other operating charges | 640/8 | €2,279 | €2,399 | +€120 | +5.3% |
| Gross operating margin | 9900 | €286,418 | €337,632 | +€51,214 | +17.9% |
| Operating profit (loss) | 9901 | €250,252 | €298,283 | +€48,031 | +19.2% |
| Financial income | 75/76B | €1,350,000 | €2,750,000 | +€1.4m | +104% |
| Recurring financial income | 75 | €1,350,000 | €2,750,000 | +€1.4m | +104% |
| Financial charges | 65/66B | €401 | €40 | -€361 | -89.9% |
| Recurring financial charges | 65 | €401 | €40 | -€361 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | €1,599,851 | €3,048,243 | +€1.4m | +90.5% |
| Income taxes | 67/77 | €206,979 | €349,563 | +€142,583 | +68.9% |
| Profit (loss) for the period | 9904 | €1,392,871 | €2,698,680 | +€1.3m | +93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,392,871 | €2,698,680 | +€1.3m | +93.7% |
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 24 October 2026 via checked.be.