P4HOLDING: 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.
P4HOLDING
Largest movements
- Cash -€22,151
down €22,151 (-32.8%), from €67,434 to €45,283
mainly Debts after one year (-€23,267) and Net result for the year (-€10,546)
- Debts after one year -€23,267
down €23,267 (-9.1%), from €255,933 to €232,667
- Profit (loss) carried forward -€10,546
new in 2025: -€10,546
- Other debts +€7,887
up €7,887 (+14.0%), from €56,498 to €64,385
- Gross operating margin -€70,040
down €70,040, from €66,452 to -€3,588
- Taxes -€15,643
no longer reported in 2025 (was €15,643)
- Financial charges +€2,420
up €2,420 (+69.3%), from €3,494 to €5,914
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 | €507,325 | €482,338 | -€24,987 | -4.9% |
| Fixed assets | 21/28 | €413,000 | €413,000 | = | 0.0% |
| Financial fixed assets | 28 | €413,000 | €413,000 | = | 0.0% |
| Current assets | 29/58 | €94,325 | €69,338 | -€24,987 | -26.5% |
| Amounts receivable within one year | 40/41 | €26,891 | €24,055 | -€2,836 | -10.5% |
| Trade receivables | 40 | €7,260 | €3,630 | -€3,630 | -50.0% |
| Other amounts receivable | 41 | €19,631 | €20,425 | +€794 | +4.0% |
| Cash at bank and in hand | 54/58 | €67,434 | €45,283 | -€22,151 | -32.8% |
| Total equity and liabilities | 10/49 | €507,325 | €482,338 | -€24,987 | -4.9% |
| Equity | 10/15 | €165,250 | €154,704 | -€10,546 | -6.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €145,250 | €145,250 | = | 0.0% |
| Distributable reserves | 133 | €145,250 | €145,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,546 | -€10,546 | |
| Amounts payable | 17/49 | €342,076 | €327,634 | -€14,441 | -4.2% |
| Amounts payable after more than one year | 17 | €255,933 | €232,667 | -€23,267 | -9.1% |
| Financial debts | 170/4 | €255,933 | €232,667 | -€23,267 | -9.1% |
| Amounts payable within one year | 42/48 | €82,271 | €92,782 | +€10,511 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €23,267 | €23,267 | = | 0.0% |
| Trade debts | 44 | €1,037 | €5,130 | +€4,093 | +394.8% |
| Suppliers | 440/4 | €1,037 | €5,130 | +€4,093 | +394.8% |
| Taxes, remuneration and social security | 45 | €1,469 | €0 | -€1,469 | -100.0% |
| Taxes | 450/3 | €1,469 | €0 | -€1,469 | -100.0% |
| Other amounts payable | 47/48 | €56,498 | €64,385 | +€7,887 | +14.0% |
| Accrued charges and deferred income | 492/3 | €3,872 | €2,186 | -€1,685 | -43.5% |
| Other operating charges | 640/8 | €387 | €1,015 | +€628 | +162.0% |
| Non-recurring operating charges | 66A | - | €29 | +€29 | |
| Gross operating margin | 9900 | €66,452 | -€3,588 | -€70,040 | |
| Operating profit (loss) | 9901 | €66,064 | -€4,632 | -€70,696 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,494 | €5,914 | +€2,420 | +69.3% |
| Recurring financial charges | 65 | €3,494 | €5,914 | +€2,420 | +69.3% |
| Profit (loss) for the period before taxes | 9903 | €62,571 | -€10,546 | -€73,117 | |
| Income taxes | 67/77 | €15,643 | - | -€15,643 | |
| Profit (loss) for the period | 9904 | €46,928 | -€10,546 | -€57,474 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,928 | -€10,546 | -€57,474 |
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 2 October 2026 via checked.be.