P2K: 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.
P2K
Largest movements
- Receivables within one year +€14,509
up €14,509 (+9.4%), from €153,783 to €168,291
- Tangible fixed assets -€4,681
down €4,681 (-43.5%), from €10,766 to €6,085
of which Plant, machinery and equipment: -€5,025
- Trade debts +€9,986
up €9,986 (+36.7%), from €27,202 to €37,188
- Tax, wage and social debts +€5,355
up €5,355 (+14.8%), from €36,108 to €41,463
of which Remuneration and social security: +€3,370
No income-statement line moved by more than 1% of the activity.
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 | €308,567 | €325,192 | +€16,625 | +5.4% |
| Fixed assets | 21/28 | €10,766 | €6,085 | -€4,681 | -43.5% |
| Tangible fixed assets | 22/27 | €10,766 | €6,085 | -€4,681 | -43.5% |
| Plant, machinery and equipment | 23 | €10,735 | €5,710 | -€5,025 | -46.8% |
| Furniture and vehicles | 24 | €31 | €375 | +€344 | +1111.6% |
| Current assets | 29/58 | €297,801 | €319,107 | +€21,306 | +7.2% |
| Stocks and contracts in progress | 3 | €130,250 | €130,821 | +€571 | +0.4% |
| Stocks | 30/36 | €130,250 | €130,821 | +€571 | +0.4% |
| Amounts receivable within one year | 40/41 | €153,783 | €168,291 | +€14,509 | +9.4% |
| Trade receivables | 40 | €153,783 | €168,291 | +€14,509 | +9.4% |
| Cash at bank and in hand | 54/58 | €10,778 | €13,866 | +€3,088 | +28.6% |
| Deferred charges and accrued income | 490/1 | €2,990 | €6,128 | +€3,139 | +105.0% |
| Total equity and liabilities | 10/49 | €308,567 | €325,192 | +€16,625 | +5.4% |
| Equity | 10/15 | €3,485 | €4,350 | +€864 | +24.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,375 | -€37,510 | +€864 | +2.3% |
| Amounts payable | 17/49 | €305,082 | €320,842 | +€15,760 | +5.2% |
| Amounts payable within one year | 42/48 | €305,082 | €320,842 | +€15,760 | +5.2% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €27,202 | €37,188 | +€9,986 | +36.7% |
| Suppliers | 440/4 | €27,202 | €37,188 | +€9,986 | +36.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €36,108 | €41,463 | +€5,355 | +14.8% |
| Taxes | 450/3 | €26,817 | €28,802 | +€1,986 | +7.4% |
| Remuneration and social security | 454/9 | €9,291 | €12,661 | +€3,370 | +36.3% |
| Other amounts payable | 47/48 | €116,771 | €117,191 | +€420 | +0.4% |
| Remuneration, social security and pensions | 62 | €139,245 | €139,528 | +€283 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,056 | €5,181 | +€125 | +2.5% |
| Other operating charges | 640/8 | €919 | €618 | -€300 | -32.7% |
| Gross operating margin | 9900 | €156,700 | €156,523 | -€177 | -0.1% |
| Operating profit (loss) | 9901 | €11,481 | €11,195 | -€285 | -2.5% |
| Financial charges | 65/66B | €10,410 | €10,331 | -€79 | -0.8% |
| Recurring financial charges | 65 | €10,410 | €10,331 | -€79 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €1,071 | €864 | -€206 | -19.3% |
| Profit (loss) for the period | 9904 | €1,071 | €864 | -€206 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,071 | €864 | -€206 | -19.3% |
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 30 September 2026 via checked.be.