P3HFINANCES: 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.
P3HFINANCES
Largest movements
- Receivables after one year +€4.2m
new in 2025: €4.2m
- Current investments -€2.5m
down €2.5m (-100.0%), from €2.5m to €0
- Cash -€225,373
down €225,373 (-94.8%), from €237,834 to €12,461
mainly Receivables after one year (-€4.2m) and Contributions, distributions and other (-€3.8m)
- Other debts +€4.1m
new in 2025: €4.1m
- Profit (loss) carried forward -€2.6m
down €2.6m (-99.2%), from €2.6m to €21,415
- Financial income +€1.4m
up €1.4m (+409.1%), from €336,080 to €1.7m
of which Financial income: +€1.4m
- Taxes +€327,908
up €327,908 (+403.8%), from €81,200 to €409,108
- Financial charges -€40,054
down €40,054 (-29.5%), from €135,794 to €95,740
- Gross operating margin -€4,008
down €4,008 (-77.9%), from -€5,145 to -€9,154
- Other operating charges +€849
up €849 (+15.3%), from €5,555 to €6,405
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 | €2,706,369 | €4,185,548 | +€1.5m | +54.7% |
| Current assets | 29/58 | €2,706,369 | €4,185,548 | +€1.5m | +54.7% |
| Amounts receivable after more than one year | 29 | - | €4,173,087 | +€4.2m | |
| Other amounts receivable | 291 | - | €4,173,087 | +€4.2m | |
| Current investments | 50/53 | €2,468,534 | €0 | -€2.5m | -100.0% |
| Cash at bank and in hand | 54/58 | €237,834 | €12,461 | -€225,373 | -94.8% |
| Total equity and liabilities | 10/49 | €2,706,369 | €4,185,548 | +€1.5m | +54.7% |
| Equity | 10/15 | €2,646,981 | €37,535 | -€2.6m | -98.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,720 | €3,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,630,861 | €21,415 | -€2.6m | -99.2% |
| Amounts payable | 17/49 | €59,387 | €4,148,013 | +€4.1m | +6884.7% |
| Amounts payable within one year | 42/48 | €59,387 | €4,148,013 | +€4.1m | +6884.7% |
| Trade debts | 44 | €88 | €89 | +€2 | +1.9% |
| Suppliers | 440/4 | €88 | €89 | +€2 | +1.9% |
| Taxes, remuneration and social security | 45 | €59,300 | €45,884 | -€13,416 | -22.6% |
| Taxes | 450/3 | €59,300 | €45,884 | -€13,416 | -22.6% |
| Other amounts payable | 47/48 | - | €4,102,040 | +€4.1m | |
| Other operating charges | 640/8 | €5,555 | €6,405 | +€849 | +15.3% |
| Gross operating margin | 9900 | -€5,145 | -€9,154 | -€4,008 | -77.9% |
| Operating profit (loss) | 9901 | -€10,701 | -€15,558 | -€4,858 | -45.4% |
| Financial income | 75/76B | €336,080 | €1,710,959 | +€1.4m | +409.1% |
| Recurring financial income | 75 | €336,080 | €1,710,829 | +€1.4m | +409.1% |
| Non-recurring financial income | 76B | - | €130 | +€130 | |
| Financial charges | 65/66B | €135,794 | €95,740 | -€40,054 | -29.5% |
| Recurring financial charges | 65 | €135,794 | €95,740 | -€40,054 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €189,586 | €1,599,661 | +€1.4m | +743.8% |
| Income taxes | 67/77 | €81,200 | €409,108 | +€327,908 | +403.8% |
| Profit (loss) for the period | 9904 | €108,386 | €1,190,553 | +€1.1m | +998.4% |
| Profit (loss) for the period to be appropriated | 9905 | €108,386 | €1,190,553 | +€1.1m | +998.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.