P2-CAP: 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-CAP
Largest movements
- Financial fixed assets +€1.5m
up €1.5m (+17.2%), from €8.8m to €10.3m
- Receivables within one year -€1.4m
down €1.4m (-73.6%), from €1.9m to €498,611
of which Other amounts receivable: -€1.4m
- Cash +€128,501
up €128,501 (+103.2%), from €124,547 to €253,048
mainly Receivables within one year (+€1.4m) and Net result for the year (+€257,461)
- Profit (loss) carried forward +€257,461
up €257,461 (+18.5%), from €1.4m to €1.6m
- Financial income -€80,063
down €80,063 (-23.3%), from €343,584 to €263,521
- Financial charges -€3,562
down €3,562 (-98.5%), from €3,615 to €53
- Gross operating margin +€3,256
up €3,256 (+39.8%), from -€8,176 to -€4,920
- Other operating charges -€404
down €404 (-27.1%), from €1,492 to €1,088
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 | €10,816,170 | €11,073,048 | +€256,878 | +2.4% |
| Fixed assets | 21/28 | €8,789,306 | €10,301,809 | +€1.5m | +17.2% |
| Financial fixed assets | 28 | €8,789,306 | €10,301,809 | +€1.5m | +17.2% |
| Current assets | 29/58 | €2,026,864 | €771,239 | -€1.3m | -61.9% |
| Amounts receivable within one year | 40/41 | €1,891,132 | €498,611 | -€1.4m | -73.6% |
| Trade receivables | 40 | €4,784 | €4,784 | = | 0.0% |
| Other amounts receivable | 41 | €1,886,349 | €493,827 | -€1.4m | -73.8% |
| Cash at bank and in hand | 54/58 | €124,547 | €253,048 | +€128,501 | +103.2% |
| Deferred charges and accrued income | 490/1 | €11,185 | €19,580 | +€8,395 | +75.1% |
| Total equity and liabilities | 10/49 | €10,816,170 | €11,073,048 | +€256,878 | +2.4% |
| Equity | 10/15 | €10,811,564 | €11,069,026 | +€257,461 | +2.4% |
| Contributions | 10/11 | €4,181,547 | €4,181,547 | = | 0.0% |
| Reserves | 13 | €5,240,199 | €5,240,199 | = | 0.0% |
| Distributable reserves | 133 | €5,240,199 | €5,240,199 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,389,819 | €1,647,280 | +€257,461 | +18.5% |
| Amounts payable | 17/49 | €4,606 | €4,023 | -€583 | -12.7% |
| Amounts payable within one year | 42/48 | €4,606 | €4,023 | -€583 | -12.7% |
| Trade debts | 44 | €4,606 | €4,023 | -€583 | -12.7% |
| Suppliers | 440/4 | €4,606 | €4,023 | -€583 | -12.7% |
| Other operating charges | 640/8 | €1,492 | €1,088 | -€404 | -27.1% |
| Gross operating margin | 9900 | -€8,176 | -€4,920 | +€3,256 | +39.8% |
| Operating profit (loss) | 9901 | -€9,668 | -€6,007 | +€3,661 | +37.9% |
| Financial income | 75/76B | €343,584 | €263,521 | -€80,063 | -23.3% |
| Recurring financial income | 75 | €343,584 | €263,521 | -€80,063 | -23.3% |
| Financial charges | 65/66B | €3,615 | €53 | -€3,562 | -98.5% |
| Recurring financial charges | 65 | €3,615 | €53 | -€3,562 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | €330,302 | €257,461 | -€72,841 | -22.1% |
| Profit (loss) for the period | 9904 | €330,302 | €257,461 | -€72,841 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €330,302 | €257,461 | -€72,841 | -22.1% |
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 4 October 2026 via checked.be.