P4P Aesthetics: 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.
P4P Aesthetics
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€135,670
down €135,670 (-43.8%), from €309,997 to €174,327
mainly Current investments (-€250,000) and Trade debts (-€881)
- Tangible fixed assets -€21,401
down €21,401 (-35.9%), from €59,582 to €38,181
- Reserves +€76,570
up €76,570 (+18.7%), from €409,309 to €485,879
of which Distributable reserves: +€76,570
- Tax, wage and social debts +€13,987
up €13,987 (+132%), from €10,577 to €24,564
of which Taxes: +€13,979
- Gross operating margin +€26,057
up €26,057 (+21.9%), from €118,883 to €144,939
- Taxes +€7,681
up €7,681 (+32.4%), from €23,709 to €31,390
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.
Derived cash bridge
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 | €443,713 | €533,390 | +€89,676 | +20.2% |
| Fixed assets | 21/28 | €59,767 | €38,366 | -€21,401 | -35.8% |
| Tangible fixed assets | 22/27 | €59,582 | €38,181 | -€21,401 | -35.9% |
| Plant, machinery and equipment | 23 | €33,976 | €24,162 | -€9,814 | -28.9% |
| Furniture and vehicles | 24 | €13,111 | €7,611 | -€5,499 | -41.9% |
| Other tangible fixed assets | 26 | €12,496 | €6,408 | -€6,087 | -48.7% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €383,946 | €495,024 | +€111,077 | +28.9% |
| Amounts receivable within one year | 40/41 | €68,637 | €69,134 | +€497 | +0.7% |
| Trade receivables | 40 | €1,654 | €1,590 | -€64 | -3.8% |
| Other amounts receivable | 41 | €66,983 | €67,544 | +€561 | +0.8% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €309,997 | €174,327 | -€135,670 | -43.8% |
| Deferred charges and accrued income | 490/1 | €5,313 | €1,563 | -€3,750 | -70.6% |
| Total equity and liabilities | 10/49 | €443,713 | €533,390 | +€89,676 | +20.2% |
| Equity | 10/15 | €427,909 | €504,479 | +€76,570 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €409,309 | €485,879 | +€76,570 | +18.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €407,449 | €484,019 | +€76,570 | +18.8% |
| Amounts payable | 17/49 | €15,805 | €28,911 | +€13,106 | +82.9% |
| Amounts payable within one year | 42/48 | €14,805 | €27,911 | +€13,106 | +88.5% |
| Trade debts | 44 | €4,228 | €3,347 | -€881 | -20.8% |
| Suppliers | 440/4 | €4,228 | €3,347 | -€881 | -20.8% |
| Taxes, remuneration and social security | 45 | €10,577 | €24,564 | +€13,987 | +132% |
| Taxes | 450/3 | €8,362 | €22,340 | +€13,979 | +167% |
| Remuneration and social security | 454/9 | €2,215 | €2,223 | +€8 | +0.4% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €11,721 | €12,199 | +€478 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,251 | €21,401 | -€849 | -3.8% |
| Other operating charges | 640/8 | €3,031 | €3,108 | +€77 | +2.5% |
| Gross operating margin | 9900 | €118,883 | €144,939 | +€26,057 | +21.9% |
| Operating profit (loss) | 9901 | €81,880 | €108,231 | +€26,351 | +32.2% |
| Financial income | 75/76B | €1,193 | €0 | -€1,193 | -100% |
| Recurring financial income | 75 | €1,193 | €0 | -€1,193 | -100% |
| Financial charges | 65/66B | €332 | €271 | -€61 | -18.3% |
| Recurring financial charges | 65 | €332 | €271 | -€61 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €82,741 | €107,960 | +€25,219 | +30.5% |
| Income taxes | 67/77 | €23,709 | €31,390 | +€7,681 | +32.4% |
| Profit (loss) for the period | 9904 | €59,032 | €76,570 | +€17,538 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,032 | €76,570 | +€17,538 | +29.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.