p2 design: 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.
p2 design
Largest movements
- Cash +€10,691
up €10,691 (+28.4%), from €37,595 to €48,286
mainly Receivables within one year (+€9,103) and Depreciation (+€1,459)
- Receivables within one year -€9,103
down €9,103 (-58.0%), from €15,695 to €6,592
of which Trade receivables: -€9,673
- Tangible fixed assets -€1,459
down €1,459 (-80.0%), from €1,824 to €365
- Deferred charges and accrued income -€796
down €796 (-44.9%), from €1,773 to €976
- Tax, wage and social debts -€1,317
no longer reported in 2025 (was €1,317)
- Other debts +€977
up €977 (+91.6%), from €1,068 to €2,045
- Gross operating margin -€8,628
down €8,628 (-84.1%), from €10,261 to €1,633
- Depreciation -€207
down €207 (-12.4%), from €1,666 to €1,459
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 | €57,617 | €56,950 | -€667 | -1.2% |
| Fixed assets | 21/28 | €2,555 | €1,096 | -€1,459 | -57.1% |
| Tangible fixed assets | 22/27 | €1,824 | €365 | -€1,459 | -80.0% |
| Furniture and vehicles | 24 | €1,824 | €365 | -€1,459 | -80.0% |
| Financial fixed assets | 28 | €731 | €731 | = | 0.0% |
| Current assets | 29/58 | €55,063 | €55,854 | +€792 | +1.4% |
| Amounts receivable within one year | 40/41 | €15,695 | €6,592 | -€9,103 | -58.0% |
| Trade receivables | 40 | €15,695 | €6,022 | -€9,673 | -61.6% |
| Other amounts receivable | 41 | - | €570 | +€570 | |
| Cash at bank and in hand | 54/58 | €37,595 | €48,286 | +€10,691 | +28.4% |
| Deferred charges and accrued income | 490/1 | €1,773 | €976 | -€796 | -44.9% |
| Total equity and liabilities | 10/49 | €57,617 | €56,950 | -€667 | -1.2% |
| Equity | 10/15 | €54,160 | €53,728 | -€432 | -0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,960 | €47,528 | -€432 | -0.9% |
| Distributable reserves | 133 | €47,960 | €47,528 | -€432 | -0.9% |
| Amounts payable | 17/49 | €3,458 | €3,223 | -€235 | -6.8% |
| Amounts payable within one year | 42/48 | €3,458 | €3,223 | -€235 | -6.8% |
| Trade debts | 44 | €1,073 | €1,178 | +€105 | +9.8% |
| Suppliers | 440/4 | €1,073 | €1,178 | +€105 | +9.8% |
| Taxes, remuneration and social security | 45 | €1,317 | - | -€1,317 | |
| Taxes | 450/3 | €1,317 | - | -€1,317 | |
| Other amounts payable | 47/48 | €1,068 | €2,045 | +€977 | +91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,666 | €1,459 | -€207 | -12.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €10,261 | €1,633 | -€8,628 | -84.1% |
| Operating profit (loss) | 9901 | €8,207 | -€226 | -€8,433 | |
| Financial charges | 65/66B | €224 | €206 | -€18 | -7.9% |
| Recurring financial charges | 65 | €224 | €206 | -€18 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €7,983 | -€432 | -€8,415 | |
| Profit (loss) for the period | 9904 | €7,983 | -€432 | -€8,415 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,983 | -€432 | -€8,415 |
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 9 October 2026 via checked.be.