P2P: 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.
P2P
Largest movements
- Current investments -€123,564
down €123,564 (-35.1%), from €352,195 to €228,631
- Receivables within one year -€45,191
down €45,191 (-54.7%), from €82,658 to €37,467
of which Trade receivables: -€39,576
- Cash +€27,559
up €27,559 (+116.8%), from €23,591 to €51,150
mainly Net result for the year (+€218,412) and Current investments (+€123,564)
- Other debts -€160,420
down €160,420 (-43.5%), from €368,896 to €208,476
- Reserves +€18,412
up €18,412 (+20.5%), from €90,000 to €108,412
- Trade debts -€5,976
down €5,976 (-84.9%), from €7,040 to €1,064
- Revaluation surpluses +€5,205
new in 2025: €5,205
- Financial income +€14,505
up €14,505 (+50.9%), from €28,481 to €42,986
- Gross operating margin -€8,530
down €8,530 (-3.3%), from €256,876 to €248,347
- Financial charges -€3,142
down €3,142 (-76.0%), from €4,134 to €992
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 | €499,470 | €355,866 | -€143,604 | -28.8% |
| Fixed assets | 21/28 | €36,744 | €34,205 | -€2,539 | -6.9% |
| Tangible fixed assets | 22/27 | €36,744 | €34,205 | -€2,539 | -6.9% |
| Land and buildings | 22 | €24,383 | €20,943 | -€3,441 | -14.1% |
| Plant, machinery and equipment | 23 | €5,639 | €3,191 | -€2,448 | -43.4% |
| Furniture and vehicles | 24 | €2,688 | €6,251 | +€3,563 | +132.5% |
| Other tangible fixed assets | 26 | €4,034 | €3,820 | -€214 | -5.3% |
| Current assets | 29/58 | €462,726 | €321,661 | -€141,066 | -30.5% |
| Amounts receivable within one year | 40/41 | €82,658 | €37,467 | -€45,191 | -54.7% |
| Trade receivables | 40 | €74,978 | €35,401 | -€39,576 | -52.8% |
| Other amounts receivable | 41 | €7,681 | €2,066 | -€5,615 | -73.1% |
| Current investments | 50/53 | €352,195 | €228,631 | -€123,564 | -35.1% |
| Cash at bank and in hand | 54/58 | €23,591 | €51,150 | +€27,559 | +116.8% |
| Deferred charges and accrued income | 490/1 | €4,282 | €4,413 | +€131 | +3.1% |
| Total equity and liabilities | 10/49 | €499,470 | €355,866 | -€143,604 | -28.8% |
| Equity | 10/15 | €108,600 | €132,217 | +€23,617 | +21.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €5,205 | +€5,205 | |
| Reserves | 13 | €90,000 | €108,412 | +€18,412 | +20.5% |
| Distributable reserves | 133 | €90,000 | €108,412 | +€18,412 | +20.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €390,870 | €223,649 | -€167,221 | -42.8% |
| Amounts payable within one year | 42/48 | €390,870 | €223,649 | -€167,221 | -42.8% |
| Trade debts | 44 | €7,040 | €1,064 | -€5,976 | -84.9% |
| Suppliers | 440/4 | €7,040 | €1,064 | -€5,976 | -84.9% |
| Taxes, remuneration and social security | 45 | €14,935 | €14,109 | -€825 | -5.5% |
| Taxes | 450/3 | €14,935 | €14,109 | -€825 | -5.5% |
| Other amounts payable | 47/48 | €368,896 | €208,476 | -€160,420 | -43.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,879 | €8,000 | +€1,121 | +16.3% |
| Other operating charges | 640/8 | €431 | €815 | +€385 | +89.3% |
| Non-recurring operating charges | 66A | €654 | €0 | -€654 | -100.0% |
| Gross operating margin | 9900 | €256,876 | €248,347 | -€8,530 | -3.3% |
| Operating profit (loss) | 9901 | €248,912 | €239,531 | -€9,381 | -3.8% |
| Financial income | 75/76B | €28,481 | €42,986 | +€14,505 | +50.9% |
| Recurring financial income | 75 | €28,481 | €42,986 | +€14,505 | +50.9% |
| Financial charges | 65/66B | €4,134 | €992 | -€3,142 | -76.0% |
| Recurring financial charges | 65 | €4,134 | €992 | -€3,142 | -76.0% |
| Profit (loss) for the period before taxes | 9903 | €273,260 | €281,526 | +€8,266 | +3.0% |
| Income taxes | 67/77 | €64,048 | €63,114 | -€934 | -1.5% |
| Profit (loss) for the period | 9904 | €209,212 | €218,412 | +€9,200 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €209,212 | €218,412 | +€9,200 | +4.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.