PJOTR: 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.
PJOTR
Largest movements
- Receivables within one year -€20,504
down €20,504 (-97.6%), from €21,004 to €500
of which Trade receivables: -€20,449
- Cash -€18,094
down €18,094 (-66.4%), from €27,260 to €9,166
mainly Other debts (-€20,485) and Tax, wage and social debts (-€9,700)
- Tangible fixed assets -€8,636
down €8,636 (-21.8%), from €39,537 to €30,901
of which Leasing and similar rights: -€7,661
- Other debts -€20,485
down €20,485 (-66.4%), from €30,851 to €10,367
- Tax, wage and social debts -€9,700
down €9,700 (-41.2%), from €23,543 to €13,843
of which Taxes: -€9,600
- Debts after one year -€9,392
down €9,392 (-51.7%), from €18,153 to €8,761
- Profit (loss) carried forward -€8,616
new in 2025: -€8,616
- Current portion of long-term debt +€1,042
up €1,042 (+8.2%), from €12,702 to €13,744
- Gross operating margin -€56,274
down €56,274 (-85.3%), from €65,998 to €9,725
- Taxes -€10,393
down €10,393 (-97.9%), from €10,613 to €219
- Depreciation -€787
down €787 (-5.3%), from €14,787 to €14,000
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 | €88,020 | €41,220 | -€46,800 | -53.2% |
| Fixed assets | 21/28 | €39,537 | €31,401 | -€8,136 | -20.6% |
| Tangible fixed assets | 22/27 | €39,537 | €30,901 | -€8,636 | -21.8% |
| Furniture and vehicles | 24 | €5,971 | €4,996 | -€975 | -16.3% |
| Leasing and similar rights | 25 | €33,567 | €25,905 | -€7,661 | -22.8% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €48,483 | €9,819 | -€38,664 | -79.7% |
| Amounts receivable within one year | 40/41 | €21,004 | €500 | -€20,504 | -97.6% |
| Trade receivables | 40 | €20,449 | - | -€20,449 | |
| Other amounts receivable | 41 | €555 | €500 | -€55 | -9.9% |
| Cash at bank and in hand | 54/58 | €27,260 | €9,166 | -€18,094 | -66.4% |
| Deferred charges and accrued income | 490/1 | €219 | €153 | -€66 | -30.2% |
| Total equity and liabilities | 10/49 | €88,020 | €41,220 | -€46,800 | -53.2% |
| Equity | 10/15 | €2,500 | -€6,116 | -€8,616 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,616 | -€8,616 | |
| Amounts payable | 17/49 | €85,520 | €47,337 | -€38,184 | -44.6% |
| Amounts payable after more than one year | 17 | €18,153 | €8,761 | -€9,392 | -51.7% |
| Financial debts | 170/4 | €18,153 | €8,761 | -€9,392 | -51.7% |
| Amounts payable within one year | 42/48 | €67,367 | €38,575 | -€28,792 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €12,702 | €13,744 | +€1,042 | +8.2% |
| Trade debts | 44 | €270 | €621 | +€351 | +129.7% |
| Suppliers | 440/4 | €270 | €621 | +€351 | +129.7% |
| Taxes, remuneration and social security | 45 | €23,543 | €13,843 | -€9,700 | -41.2% |
| Taxes | 450/3 | €22,043 | €12,443 | -€9,600 | -43.6% |
| Remuneration and social security | 454/9 | €1,500 | €1,400 | -€100 | -6.7% |
| Other amounts payable | 47/48 | €30,851 | €10,367 | -€20,485 | -66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,787 | €14,000 | -€787 | -5.3% |
| Other operating charges | 640/8 | €2,079 | €2,500 | +€421 | +20.2% |
| Gross operating margin | 9900 | €65,998 | €9,725 | -€56,274 | -85.3% |
| Operating profit (loss) | 9901 | €49,132 | -€6,775 | -€55,907 | |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €2,223 | €1,634 | -€589 | -26.5% |
| Recurring financial charges | 65 | €2,223 | €1,634 | -€589 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €46,908 | -€8,397 | -€55,305 | |
| Income taxes | 67/77 | €10,613 | €219 | -€10,393 | -97.9% |
| Profit (loss) for the period | 9904 | €36,296 | -€8,616 | -€44,912 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,296 | -€8,616 | -€44,912 |
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 4 October 2026 via checked.be.