P1 COATINGS: what changed
P1 COATINGS
Largest movements
- Cash -€23,461
down €23,461 (-55.3%), from €42,424 to €18,963
mainly Net result for the year (-€39,475) and Trade debts (-€6,925)
- Tangible fixed assets -€7,370
down €7,370 (-46.8%), from €15,742 to €8,373
of which Plant, machinery and equipment: -€7,062
- Stocks and contracts +€4,383
up €4,383 (+74.0%), from €5,924 to €10,307
- Receivables within one year +€2,277
up €2,277 (+4.0%), from €56,550 to €58,828
of which Other amounts receivable: +€3,376
- Profit (loss) carried forward -€39,475
down €39,475 (-28.6%), from -€138,112 to -€177,588
- Other debts +€15,000
up €15,000 (+42.9%), from €35,000 to €50,000
- Trade debts -€6,925
down €6,925 (-17.2%), from €40,339 to €33,414
- Tax, wage and social debts +€6,018
up €6,018 (+867%), from €694 to €6,712
- Gross operating margin +€51,845
up €51,845, from -€33,986 to €17,859
- Other operating charges +€7,898
up €7,898 (+159%), from €4,954 to €12,851
- Depreciation -€1,217
down €1,217 (-14.2%), from €8,587 to €7,370
- Staff costs +€1,157
new in 2025: €1,157
- Financial charges +€615
up €615 (+105%), from €587 to €1,201
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,898 | €103,825 | -€25,073 | -19.5% |
| Fixed assets | 21/28 | €22,342 | €14,973 | -€7,370 | -33.0% |
| Tangible fixed assets | 22/27 | €15,742 | €8,373 | -€7,370 | -46.8% |
| Plant, machinery and equipment | 23 | €14,831 | €7,769 | -€7,062 | -47.6% |
| Furniture and vehicles | 24 | €911 | €604 | -€307 | -33.7% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €106,556 | €88,853 | -€17,703 | -16.6% |
| Stocks and contracts in progress | 3 | €5,924 | €10,307 | +€4,383 | +74.0% |
| Stocks | 30/36 | €5,924 | €10,307 | +€4,383 | +74.0% |
| Amounts receivable within one year | 40/41 | €56,550 | €58,828 | +€2,277 | +4.0% |
| Trade receivables | 40 | €42,844 | €41,745 | -€1,099 | -2.6% |
| Other amounts receivable | 41 | €13,706 | €17,082 | +€3,376 | +24.6% |
| Cash at bank and in hand | 54/58 | €42,424 | €18,963 | -€23,461 | -55.3% |
| Deferred charges and accrued income | 490/1 | €1,658 | €755 | -€903 | -54.4% |
| Total equity and liabilities | 10/49 | €128,898 | €103,825 | -€25,073 | -19.5% |
| Equity | 10/15 | -€113,267 | -€152,743 | -€39,475 | -34.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €6,295 | €6,295 | = | 0.0% |
| Non-distributable reserves | 130/1 | €815 | €815 | = | 0.0% |
| Reserves not available under the articles | 1311 | €815 | €815 | = | 0.0% |
| Distributable reserves | 133 | €5,480 | €5,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,112 | -€177,588 | -€39,475 | -28.6% |
| Amounts payable | 17/49 | €242,165 | €256,568 | +€14,403 | +5.9% |
| Amounts payable after more than one year | 17 | €166,132 | €166,132 | = | 0.0% |
| Financial debts | 170/4 | €166,132 | €166,132 | = | 0.0% |
| Amounts payable within one year | 42/48 | €76,033 | €90,126 | +€14,093 | +18.5% |
| Trade debts | 44 | €40,339 | €33,414 | -€6,925 | -17.2% |
| Suppliers | 440/4 | €40,339 | €33,414 | -€6,925 | -17.2% |
| Taxes, remuneration and social security | 45 | €694 | €6,712 | +€6,018 | +867% |
| Taxes | 450/3 | €694 | €6,712 | +€6,018 | +867% |
| Other amounts payable | 47/48 | €35,000 | €50,000 | +€15,000 | +42.9% |
| Accrued charges and deferred income | 492/3 | €0 | €310 | +€310 | |
| Non-recurring operating income | 76A | €1,220 | €1,226 | +€6 | +0.5% |
| Remuneration, social security and pensions | 62 | - | €1,157 | +€1,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,587 | €7,370 | -€1,217 | -14.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,954 | €12,851 | +€7,898 | +159% |
| Non-recurring operating charges | 66A | €1,000 | €36,431 | +€35,431 | +3,543% |
| Gross operating margin | 9900 | -€33,986 | €17,859 | +€51,845 | |
| Operating profit (loss) | 9901 | -€48,526 | -€39,950 | +€8,576 | +17.7% |
| Financial income | 75/76B | €1,754 | €1,676 | -€78 | -4.5% |
| Recurring financial income | 75 | €1,754 | €1,676 | -€78 | -4.5% |
| Financial charges | 65/66B | €587 | €1,201 | +€615 | +105% |
| Recurring financial charges | 65 | €587 | €1,201 | +€615 | +105% |
| Profit (loss) for the period before taxes | 9903 | -€47,359 | -€39,475 | +€7,884 | +16.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€47,359 | -€39,475 | +€7,884 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,359 | -€39,475 | +€7,884 | +16.6% |
Next steps
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 5 November 2026 via checked.be.