P95: 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.
What changed
P95
NACE 82.990, Other business support services
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€853,755
2023 · -€38,022-€815,732
Equity
€7.9m
2023 · €8.7m-€853,755
Cash
€1.2m
2023 · €1.7m-€456,751
Balance sheet total
€18.6m
2023 · €15.0m+€3.7m
Largest movements
Assets
- Receivables within one year +€3.1m
up €3.1m (+68.1%), from €4.6m to €7.7m
of which Trade receivables: +€3.2m
- Tangible fixed assets +€588,863
up €588,863 (+96.1%), from €612,646 to €1.2m
of which Assets under construction and advance payments: +€578,727
- Intangible fixed assets +€506,852
new in 2024: €506,852
- Current investments -€506,235
down €506,235 (-100.0%), from €506,235 to €0
- Cash -€456,751
down €456,751 (-27.1%), from €1.7m to €1.2m
mainly Receivables within one year (-€3.1m) and Investment in fixed assets (net) (-€1.6m)
Equity and liabilities
- Accrued charges and deferred income +€3.1m
up €3.1m (+113.3%), from €2.7m to €5.8m
- Current portion of long-term debt +€869,549
up €869,549 (+543.5%), from €159,996 to €1.0m
- Profit (loss) carried forward -€853,755
down €853,755, from €764,476 to -€89,278
- Trade debts +€571,984
up €571,984 (+33.8%), from €1.7m to €2.3m
- Other debts -€274,460
down €274,460 (-91.4%), from €300,170 to €25,710
Income statement
- Turnover +€15.7m
new in 2024: €15.7m
- Goods and materials +€6.6m
new in 2024: €6.6m
- Gross operating margin -€6.2m
no longer reported in 2024 (was €6.2m)
- Services and other goods +€3.7m
new in 2024: €3.7m
- Staff costs +€922,253
up €922,253 (+16.3%), from €5.6m to €6.6m
From the 2023 result to the 2024 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.
Result 2023
-€38,022
Turnover
+€15.7m
Other operating income
+€463,579
Goods and materials
-€6.6m
Services and other goods
-€3.7m
Staff costs
-€922,253
Depreciation
-€56,371
Other operating charges
-€2,687
Other operating items
-€6.2m
Financial income
-€52,960
Financial charges
+€452,163
Taxes
+€138,684
Result 2024
-€853,755
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€406,262
Investment
-€1.1m
Financing
+€1.0m
Cash 2023
€1.7m
From operations (derived)
-€406,262
Net result for the year
-€853,755
Depreciation
+€90,884
Stocks and contracts
+€25,983
Receivables within one year
-€3.1m
Deferred charges and accrued income
-€58,885
Trade debts
+€571,984
Tax, wage and social debts
+€133,095
Advances received
-€14,882
Other debts
-€274,460
Accrued charges and deferred income
+€3.1m
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.6m
Current investments
+€506,235
Financing
+€1.0m
Debts after one year
+€173,004
Current portion of long-term debt
+€869,549
Short-term financial debts
-€2,603
Cash 2024
€1.2m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,953,252 | €18,649,513 | +€3.7m | +24.7% |
| Fixed assets | 21/28 | €7,631,622 | €9,137,412 | +€1.5m | +19.7% |
| Intangible fixed assets | 21 | - | €506,852 | +€506,852 | |
| Tangible fixed assets | 22/27 | €612,646 | €1,201,509 | +€588,863 | +96.1% |
| Land and buildings | 22 | €92,420 | €92,420 | = | 0.0% |
| Plant, machinery and equipment | 23 | €12,059 | €8,529 | -€3,530 | -29.3% |
| Furniture and vehicles | 24 | €87,122 | €100,788 | +€13,666 | +15.7% |
| Assets under construction and advance payments | 27 | €421,045 | €999,772 | +€578,727 | +137.5% |
| Financial fixed assets | 28 | €7,018,976 | €7,429,050 | +€410,074 | +5.8% |
| Affiliated companies | 280/1 | - | €7,425,265 | +€7.4m | |
| Participating interests | 280 | - | €7,015,285 | +€7.0m | |
| Amounts receivable | 281 | - | €409,980 | +€409,980 | |
| Other financial fixed assets | 284/8 | - | €3,785 | +€3,785 | |
| Amounts receivable and cash guarantees | 285/8 | - | €3,785 | +€3,785 | |
| Current assets | 29/58 | €7,321,630 | €9,512,101 | +€2.2m | +29.9% |
| Stocks and contracts in progress | 3 | €326,452 | €300,469 | -€25,983 | -8.0% |
| Contracts in progress | 37 | €326,452 | €300,469 | -€25,983 | -8.0% |
| Amounts receivable within one year | 40/41 | €4,583,282 | €7,703,837 | +€3.1m | +68.1% |
| Trade receivables | 40 | €3,583,393 | €6,801,840 | +€3.2m | +89.8% |
| Other amounts receivable | 41 | €999,889 | €901,997 | -€97,891 | -9.8% |
| Current investments | 50/53 | €506,235 | €0 | -€506,235 | -100.0% |
| Other investments | 51/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €1,687,973 | €1,231,223 | -€456,751 | -27.1% |
| Deferred charges and accrued income | 490/1 | €217,688 | €276,573 | +€58,885 | +27.1% |
| Total equity and liabilities | 10/49 | €14,953,252 | €18,649,513 | +€3.7m | +24.7% |
| Equity | 10/15 | €8,714,707 | €7,860,952 | -€853,755 | -9.8% |
| Contributions | 10/11 | €7,950,230 | €7,950,230 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €764,476 | -€89,278 | -€853,755 | |
| Amounts payable | 17/49 | €6,238,545 | €10,788,561 | +€4.6m | +72.9% |
| Amounts payable after more than one year | 17 | €664,761 | €837,765 | +€173,004 | +26.0% |
| Financial debts | 170/4 | €664,761 | €837,765 | +€173,004 | +26.0% |
| Credit institutions | 173 | - | €759,193 | +€759,193 | |
| Other loans | 174 | - | €78,571 | +€78,571 | |
| Amounts payable within one year | 42/48 | €2,843,093 | €4,125,777 | +€1.3m | +45.1% |
| Current portion of amounts payable after more than one year | 42 | €159,996 | €1,029,544 | +€869,549 | +543.5% |
| Financial debts | 43 | €2,603 | €0 | -€2,603 | -100.0% |
| Credit institutions | 430/8 | €2,603 | €0 | -€2,603 | -100.0% |
| Trade debts | 44 | €1,694,484 | €2,266,468 | +€571,984 | +33.8% |
| Suppliers | 440/4 | €1,694,484 | €2,266,468 | +€571,984 | +33.8% |
| Advances received on contracts in progress | 46 | €50,574 | €35,692 | -€14,882 | -29.4% |
| Taxes, remuneration and social security | 45 | €635,267 | €768,363 | +€133,095 | +21.0% |
| Taxes | 450/3 | €52,584 | €118,382 | +€65,797 | +125.1% |
| Remuneration and social security | 454/9 | €582,683 | €649,981 | +€67,298 | +11.5% |
| Other amounts payable | 47/48 | €300,170 | €25,710 | -€274,460 | -91.4% |
| Accrued charges and deferred income | 492/3 | €2,730,691 | €5,825,019 | +€3.1m | +113.3% |
| Operating income | 70/76A | - | €16,147,137 | +€16.1m | |
| Turnover | 70 | - | €15,709,541 | +€15.7m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | -€25,983 | -€25,983 | |
| Other operating income | 74 | - | €463,579 | +€463,579 | |
| Operating charges | 60/66A | - | €16,989,297 | +€17.0m | |
| Goods for resale, raw materials and consumables | 60 | - | €6,638,276 | +€6.6m | |
| Purchases | 600/8 | - | €6,638,276 | +€6.6m | |
| Services and other goods | 61 | - | €3,681,605 | +€3.7m | |
| Remuneration, social security and pensions | 62 | €5,648,374 | €6,570,627 | +€922,253 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,513 | €90,884 | +€56,371 | +163.3% |
| Other operating charges | 640/8 | €5,218 | €7,905 | +€2,687 | +51.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €6,199,565 | - | -€6.2m | |
| Operating profit (loss) | 9901 | €511,460 | -€842,160 | -€1.4m | |
| Financial income | 75/76B | €107,133 | €54,174 | -€52,960 | -49.4% |
| Recurring financial income | 75 | €107,133 | €54,174 | -€52,960 | -49.4% |
| Income from current assets | 751 | - | €23,830 | +€23,830 | |
| Other financial income | 752/9 | - | €30,343 | +€30,343 | |
| Financial charges | 65/66B | €509,671 | €57,508 | -€452,163 | -88.7% |
| Recurring financial charges | 65 | €109,671 | €57,508 | -€52,163 | -47.6% |
| Debt charges | 650 | - | €33,400 | +€33,400 | |
| Other financial charges | 652/9 | - | €24,108 | +€24,108 | |
| Non-recurring financial charges | 66B | €400,000 | €0 | -€400,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €108,922 | -€845,495 | -€954,417 | |
| Income taxes | 67/77 | €146,945 | €8,260 | -€138,684 | -94.4% |
| Taxes | 670/3 | - | €8,260 | +€8,260 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€38,022 | -€853,755 | -€815,732 | -2145.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,022 | -€853,755 | -€815,732 | -2145.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.