P2 ADVICE: what changed
Two fiscal 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.
P2 ADVICE
Largest movements
- Receivables within one year -€77,241
down €77,241 (-70.7%), from €109,203 to €31,962
of which Trade receivables: -€56,063
- Cash +€73,450
up €73,450 (+287.2%), from €25,572 to €99,022
mainly Receivables within one year (+€77,241) and Net result for the year (+€63,148)
- Deferred charges and accrued income +€2,720
up €2,720 (+185.1%), from €1,470 to €4,190
- Other debts -€53,112
down €53,112 (-98.4%), from €53,971 to €859
- Reserves +€39,119
up €39,119 (+55.9%), from €70,000 to €109,119
- Profit (loss) carried forward +€23,170
no longer reported in 2025 (was -€23,170)
- Tax, wage and social debts -€11,342
down €11,342 (-49.5%), from €22,933 to €11,591
- Gross operating margin -€7,213
down €7,213 (-7.2%), from €99,907 to €92,694
- Taxes -€999
down €999 (-3.5%), from €28,529 to €27,530
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 | €140,210 | €138,083 | -€2,127 | -1.5% |
| Fixed assets | 21/28 | €3,965 | €2,908 | -€1,057 | -26.7% |
| Tangible fixed assets | 22/27 | €3,965 | €2,908 | -€1,057 | -26.7% |
| Furniture and vehicles | 24 | €3,965 | €2,908 | -€1,057 | -26.7% |
| Current assets | 29/58 | €136,245 | €135,175 | -€1,070 | -0.8% |
| Amounts receivable within one year | 40/41 | €109,203 | €31,962 | -€77,241 | -70.7% |
| Trade receivables | 40 | €71,793 | €15,730 | -€56,063 | -78.1% |
| Other amounts receivable | 41 | €37,410 | €16,232 | -€21,178 | -56.6% |
| Cash at bank and in hand | 54/58 | €25,572 | €99,022 | +€73,450 | +287.2% |
| Deferred charges and accrued income | 490/1 | €1,470 | €4,190 | +€2,720 | +185.1% |
| Total equity and liabilities | 10/49 | €140,210 | €138,083 | -€2,127 | -1.5% |
| Equity | 10/15 | €59,230 | €121,519 | +€62,289 | +105.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €70,000 | €109,119 | +€39,119 | +55.9% |
| Distributable reserves | 133 | €70,000 | €109,119 | +€39,119 | +55.9% |
| Profit (loss) carried forward | 14 | -€23,170 | - | +€23,170 | |
| Amounts payable | 17/49 | €80,980 | €16,563 | -€64,416 | -79.5% |
| Amounts payable within one year | 42/48 | €79,345 | €14,563 | -€64,781 | -81.6% |
| Trade debts | 44 | €2,440 | €2,114 | -€327 | -13.4% |
| Suppliers | 440/4 | €2,440 | €2,114 | -€327 | -13.4% |
| Taxes, remuneration and social security | 45 | €22,933 | €11,591 | -€11,342 | -49.5% |
| Taxes | 450/3 | €22,933 | €11,591 | -€11,342 | -49.5% |
| Other amounts payable | 47/48 | €53,971 | €859 | -€53,112 | -98.4% |
| Accrued charges and deferred income | 492/3 | €1,635 | €2,000 | +€365 | +22.3% |
| Non-recurring operating income | 76A | €6,000 | - | -€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €376 | €1,057 | +€681 | +180.9% |
| Other operating charges | 640/8 | €2,167 | €1,194 | -€973 | -44.9% |
| Gross operating margin | 9900 | €99,907 | €92,694 | -€7,213 | -7.2% |
| Operating profit (loss) | 9901 | €97,364 | €90,443 | -€6,921 | -7.1% |
| Financial income | 75/76B | €1,216 | €1,681 | +€465 | +38.2% |
| Recurring financial income | 75 | €1,216 | €1,681 | +€465 | +38.2% |
| Financial charges | 65/66B | €1,797 | €1,446 | -€352 | -19.6% |
| Recurring financial charges | 65 | €1,797 | €1,446 | -€352 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €96,783 | €90,678 | -€6,105 | -6.3% |
| Income taxes | 67/77 | €28,529 | €27,530 | -€999 | -3.5% |
| Profit (loss) for the period | 9904 | €68,254 | €63,148 | -€5,106 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,254 | €63,148 | -€5,106 | -7.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.