P2 INVEST: 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 INVEST
Largest movements
- Deferred charges and accrued income +€184,659
up €184,659 (+6.6%), from €2.8m to €3.0m
- Accrued charges and deferred income +€463,233
up €463,233 (+18.9%), from €2.4m to €2.9m
- Profit (loss) carried forward -€344,740
down €344,740 (-3.1%), from -€11.1m to -€11.4m
- Financial charges -€150,632
down €150,632 (-24.4%), from €616,640 to €466,008
- Purchases and services -€146,752
no longer reported in 2025 (was €146,752)
- Gross operating margin +€84,359
up €84,359 (+57.5%), from -€146,752 to -€62,393
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.
Derived cash bridge
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 | €11,945,132 | €12,160,488 | +€215,356 | +1.8% |
| Current assets | 29/58 | €11,945,132 | €12,160,488 | +€215,356 | +1.8% |
| Amounts receivable after more than one year | 29 | €9,059,040 | €9,114,040 | +€55,000 | +0.6% |
| Other amounts receivable | 291 | €9,059,040 | €9,114,040 | +€55,000 | +0.6% |
| Amounts receivable within one year | 40/41 | €32,551 | €32,551 | = | 0.0% |
| Other amounts receivable | 41 | €32,551 | €32,551 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,875 | €11,572 | -€24,303 | -67.7% |
| Deferred charges and accrued income | 490/1 | €2,817,667 | €3,002,326 | +€184,659 | +6.6% |
| Total equity and liabilities | 10/49 | €11,945,132 | €12,160,488 | +€215,356 | +1.8% |
| Equity | 10/15 | -€9,060,305 | -€9,405,046 | -€344,740 | -3.8% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €10,319 | €10,319 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,319 | €10,319 | = | 0.0% |
| Legal reserve | 130 | €10,319 | €10,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,070,624 | -€11,415,365 | -€344,740 | -3.1% |
| Amounts payable | 17/49 | €21,005,437 | €21,565,534 | +€560,097 | +2.7% |
| Amounts payable after more than one year | 17 | €7,545,584 | €7,545,584 | = | 0.0% |
| Other amounts payable | 178/9 | €7,545,584 | €7,545,584 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,013,578 | €11,110,442 | +€96,864 | +0.9% |
| Trade debts | 44 | €154,462 | €171,326 | +€16,864 | +10.9% |
| Suppliers | 440/4 | €154,462 | €171,326 | +€16,864 | +10.9% |
| Other amounts payable | 47/48 | €10,859,117 | €10,939,117 | +€80,000 | +0.7% |
| Accrued charges and deferred income | 492/3 | €2,446,275 | €2,909,508 | +€463,233 | +18.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €146,752 | - | -€146,752 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€146,752 | -€62,393 | +€84,359 | +57.5% |
| Operating profit (loss) | 9901 | -€147,719 | -€63,392 | +€84,328 | +57.1% |
| Financial income | 75/76B | €184,536 | €184,659 | +€123 | +0.1% |
| Recurring financial income | 75 | €184,536 | €184,659 | +€123 | +0.1% |
| Financial charges | 65/66B | €616,640 | €466,008 | -€150,632 | -24.4% |
| Recurring financial charges | 65 | €616,640 | €466,008 | -€150,632 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€579,823 | -€344,740 | +€235,083 | +40.5% |
| Profit (loss) for the period | 9904 | -€579,823 | -€344,740 | +€235,083 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€579,823 | -€344,740 | +€235,083 | +40.5% |
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 25 October 2026 via checked.be.