P2CS: 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.
P2CS
Largest movements
- Cash +€32,619
up €32,619 (+33.0%), from €98,853 to €131,473
mainly Net result for the year (+€35,431) and Depreciation (+€15,829)
- Tangible fixed assets -€11,512
down €11,512 (-25.7%), from €44,761 to €33,249
of which Leasing and similar rights: -€12,210
- Profit (loss) carried forward +€35,431
up €35,431 (+33.0%), from €107,509 to €142,940
- Debts after one year -€13,931
no longer reported in 2025 (was €13,931)
- Tax, wage and social debts -€3,163
down €3,163 (-18.3%), from €17,313 to €14,150
- Depreciation +€938
up €938 (+6.3%), from €14,891 to €15,829
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 | €174,620 | €194,819 | +€20,200 | +11.6% |
| Fixed assets | 21/28 | €44,761 | €33,249 | -€11,512 | -25.7% |
| Tangible fixed assets | 22/27 | €44,761 | €33,249 | -€11,512 | -25.7% |
| Plant, machinery and equipment | 23 | €2,540 | €2,186 | -€354 | -13.9% |
| Furniture and vehicles | 24 | €5,591 | €6,643 | +€1,052 | +18.8% |
| Leasing and similar rights | 25 | €36,630 | €24,420 | -€12,210 | -33.3% |
| Current assets | 29/58 | €129,859 | €161,570 | +€31,711 | +24.4% |
| Amounts receivable within one year | 40/41 | €29,873 | €28,044 | -€1,829 | -6.1% |
| Trade receivables | 40 | €26,860 | €24,688 | -€2,171 | -8.1% |
| Other amounts receivable | 41 | €3,014 | €3,356 | +€342 | +11.4% |
| Cash at bank and in hand | 54/58 | €98,853 | €131,473 | +€32,619 | +33.0% |
| Deferred charges and accrued income | 490/1 | €1,133 | €2,053 | +€921 | +81.3% |
| Total equity and liabilities | 10/49 | €174,620 | €194,819 | +€20,200 | +11.6% |
| Equity | 10/15 | €130,849 | €166,280 | +€35,431 | +27.1% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €4,740 | €2,880 | -€1,860 | -39.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €2,880 | €2,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,509 | €142,940 | +€35,431 | +33.0% |
| Amounts payable | 17/49 | €43,771 | €28,539 | -€15,232 | -34.8% |
| Amounts payable after more than one year | 17 | €13,931 | - | -€13,931 | |
| Financial debts | 170/4 | €13,931 | - | -€13,931 | |
| Amounts payable within one year | 42/48 | €29,840 | €28,539 | -€1,301 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €12,061 | €13,931 | +€1,870 | +15.5% |
| Trade debts | 44 | €466 | €459 | -€7 | -1.6% |
| Suppliers | 440/4 | €466 | €459 | -€7 | -1.6% |
| Taxes, remuneration and social security | 45 | €17,313 | €14,150 | -€3,163 | -18.3% |
| Taxes | 450/3 | €17,313 | €14,150 | -€3,163 | -18.3% |
| Non-recurring operating income | 76A | - | €61 | +€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,891 | €15,829 | +€938 | +6.3% |
| Other operating charges | 640/8 | €477 | €46 | -€431 | -90.3% |
| Gross operating margin | 9900 | €62,513 | €62,256 | -€258 | -0.4% |
| Operating profit (loss) | 9901 | €47,145 | €46,380 | -€765 | -1.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +700.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +700.0% |
| Financial charges | 65/66B | €1,435 | €1,009 | -€426 | -29.7% |
| Recurring financial charges | 65 | €1,435 | €1,009 | -€426 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €45,710 | €45,371 | -€339 | -0.7% |
| Income taxes | 67/77 | €9,587 | €9,940 | +€353 | +3.7% |
| Profit (loss) for the period | 9904 | €36,123 | €35,431 | -€692 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,123 | €35,431 | -€692 | -1.9% |
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 11 October 2026 via checked.be.