P2M: 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.
P2M
Largest movements
- Receivables after one year +€4,817
up €4,817 (+3.0%), from €161,809 to €166,626
- Cash -€3,331
down €3,331 (-80.3%), from €4,149 to €817
mainly Tax, wage and social debts (-€6,475) and Receivables after one year (-€4,817)
- Tax, wage and social debts -€6,475
down €6,475 (-79.1%), from €8,181 to €1,707
- Other debts +€4,600
new in 2025: €4,600
- Trade debts +€1,736
up €1,736 (+190.0%), from €914 to €2,649
- Gross operating margin -€12,976
down €12,976 (-87.7%), from €14,803 to €1,827
- Taxes -€3,036
down €3,036 (-65.5%), from €4,633 to €1,597
- Financial income +€2,106
up €2,106 (+2682.3%), from €79 to €2,185
- Financial charges -€262
down €262 (-36.2%), from €724 to €462
- Other operating charges -€150
down €150 (-22.1%), from €679 to €528
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 | €168,722 | €169,123 | +€401 | +0.2% |
| Fixed assets | 21/28 | €2,764 | €1,680 | -€1,084 | -39.2% |
| Tangible fixed assets | 22/27 | €2,564 | €1,680 | -€884 | -34.5% |
| Furniture and vehicles | 24 | €2,564 | €1,680 | -€884 | -34.5% |
| Financial fixed assets | 28 | €200 | - | -€200 | |
| Current assets | 29/58 | €165,958 | €167,443 | +€1,485 | +0.9% |
| Amounts receivable after more than one year | 29 | €161,809 | €166,626 | +€4,817 | +3.0% |
| Trade receivables | 290 | €161,809 | €166,626 | +€4,817 | +3.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,149 | €817 | -€3,331 | -80.3% |
| Total equity and liabilities | 10/49 | €168,722 | €169,123 | +€401 | +0.2% |
| Equity | 10/15 | €159,627 | €160,167 | +€540 | +0.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,627 | €150,167 | +€540 | +0.4% |
| Amounts payable | 17/49 | €9,095 | €8,956 | -€139 | -1.5% |
| Amounts payable within one year | 42/48 | €9,095 | €8,956 | -€139 | -1.5% |
| Trade debts | 44 | €914 | €2,649 | +€1,736 | +190.0% |
| Suppliers | 440/4 | €914 | €2,649 | +€1,736 | +190.0% |
| Taxes, remuneration and social security | 45 | €8,181 | €1,707 | -€6,475 | -79.1% |
| Taxes | 450/3 | €8,181 | €1,707 | -€6,475 | -79.1% |
| Other amounts payable | 47/48 | - | €4,600 | +€4,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €861 | €884 | +€23 | +2.7% |
| Other operating charges | 640/8 | €679 | €528 | -€150 | -22.1% |
| Gross operating margin | 9900 | €14,803 | €1,827 | -€12,976 | -87.7% |
| Operating profit (loss) | 9901 | €13,264 | €415 | -€12,849 | -96.9% |
| Financial income | 75/76B | €79 | €2,185 | +€2,106 | +2682.3% |
| Recurring financial income | 75 | €79 | €2,185 | +€2,106 | +2682.3% |
| Financial charges | 65/66B | €724 | €462 | -€262 | -36.2% |
| Recurring financial charges | 65 | €724 | €462 | -€262 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €12,618 | €2,137 | -€10,480 | -83.1% |
| Income taxes | 67/77 | €4,633 | €1,597 | -€3,036 | -65.5% |
| Profit (loss) for the period | 9904 | €7,985 | €540 | -€7,445 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,985 | €540 | -€7,445 | -93.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.