P10 Labs: 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.
P10 Labs
Largest movements
- Receivables within one year -€62,452
down €62,452 (-46.8%), from €133,317 to €70,865
of which Other amounts receivable: -€35,801
- Cash +€43,507
up €43,507 (+147.7%), from €29,452 to €72,959
mainly Receivables within one year (+€62,452) and Net result for the year (+€25,324)
- Tangible fixed assets +€7,848
up €7,848 (+263.3%), from €2,981 to €10,829
- Other debts +€20,699
up €20,699 (+46.0%), from €45,000 to €65,699
- Reserves -€18,000
down €18,000 (-30.1%), from €59,860 to €41,860
of which Distributable reserves: -€18,000
- Trade debts -€14,408
down €14,408 (-44.8%), from €32,168 to €17,761
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Tax, wage and social debts -€4,807
down €4,807 (-26.7%), from €17,994 to €13,187
of which Taxes: -€7,967
- Other operating charges -€19,859
down €19,859 (-86.3%), from €23,009 to €3,150
- Gross operating margin +€12,498
up €12,498 (+50.2%), from €24,910 to €37,408
- Taxes -€1,225
down €1,225 (-13.3%), from €9,214 to €7,989
- Depreciation -€419
down €419 (-23.6%), from €1,773 to €1,354
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.
Cash bridge derived
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 | €167,797 | €157,111 | -€10,686 | -6.4% |
| Fixed assets | 21/28 | €2,981 | €10,829 | +€7,848 | +263.3% |
| Tangible fixed assets | 22/27 | €2,981 | €10,829 | +€7,848 | +263.3% |
| Furniture and vehicles | 24 | €2,981 | €10,829 | +€7,848 | +263.3% |
| Current assets | 29/58 | €164,817 | €146,282 | -€18,534 | -11.2% |
| Amounts receivable within one year | 40/41 | €133,317 | €70,865 | -€62,452 | -46.8% |
| Trade receivables | 40 | €49,005 | €22,355 | -€26,650 | -54.4% |
| Other amounts receivable | 41 | €84,312 | €48,510 | -€35,801 | -42.5% |
| Cash at bank and in hand | 54/58 | €29,452 | €72,959 | +€43,507 | +147.7% |
| Deferred charges and accrued income | 490/1 | €2,049 | €2,459 | +€410 | +20.0% |
| Total equity and liabilities | 10/49 | €167,797 | €157,111 | -€10,686 | -6.4% |
| Equity | 10/15 | €72,635 | €60,460 | -€12,175 | -16.8% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €59,860 | €41,860 | -€18,000 | -30.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €58,000 | €40,000 | -€18,000 | -31.0% |
| Profit (loss) carried forward | 14 | €375 | - | -€375 | |
| Amounts payable | 17/49 | €95,162 | €96,651 | +€1,489 | +1.6% |
| Amounts payable within one year | 42/48 | €95,162 | €96,651 | +€1,489 | +1.6% |
| Financial debts | 43 | - | €5 | +€5 | |
| Credit institutions | 430/8 | - | €5 | +€5 | |
| Trade debts | 44 | €32,168 | €17,761 | -€14,408 | -44.8% |
| Suppliers | 440/4 | €32,168 | €17,761 | -€14,408 | -44.8% |
| Taxes, remuneration and social security | 45 | €17,994 | €13,187 | -€4,807 | -26.7% |
| Taxes | 450/3 | €17,834 | €9,867 | -€7,967 | -44.7% |
| Remuneration and social security | 454/9 | €160 | €3,320 | +€3,160 | +1975.0% |
| Other amounts payable | 47/48 | €45,000 | €65,699 | +€20,699 | +46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,773 | €1,354 | -€419 | -23.6% |
| Other operating charges | 640/8 | €23,009 | €3,150 | -€19,859 | -86.3% |
| Gross operating margin | 9900 | €24,910 | €37,408 | +€12,498 | +50.2% |
| Operating profit (loss) | 9901 | €128 | €32,904 | +€32,776 | +25582.0% |
| Financial income | 75/76B | €1,540 | €1,348 | -€192 | -12.4% |
| Recurring financial income | 75 | €1,540 | €1,348 | -€192 | -12.4% |
| Financial charges | 65/66B | €1,097 | €940 | -€157 | -14.3% |
| Recurring financial charges | 65 | €1,097 | €940 | -€157 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €571 | €33,312 | +€32,741 | +5733.3% |
| Income taxes | 67/77 | €9,214 | €7,989 | -€1,225 | -13.3% |
| Profit (loss) for the period | 9904 | -€8,643 | €25,324 | +€33,966 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,643 | €25,324 | +€33,966 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.