PJP: 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.
PJP
Largest movements
- Tangible fixed assets -€108,225
no longer reported in 2024 (was €108,225)
of which Land and buildings: -€66,827
- Receivables within one year +€82,087
up €82,087 (+116.4%), from €70,500 to €152,587
of which Other amounts receivable: +€97,062
- Cash -€13,584
down €13,584 (-99.7%), from €13,621 to €37
mainly Receivables within one year (-€82,087) and Trade debts (-€64,581)
- Intangible fixed assets -€8,000
no longer reported in 2024 (was €8,000)
- Trade debts -€64,581
down €64,581 (-68.0%), from €94,975 to €30,394
- Other debts -€36,382
down €36,382 (-71.2%), from €51,091 to €14,710
- Profit (loss) carried forward +€32,034
up €32,034 (+620.7%), from €5,161 to €37,194
- Tax, wage and social debts +€20,210
up €20,210 (+100.5%), from €20,116 to €40,326
of which Remuneration and social security: +€20,361
- Staff costs -€79,943
down €79,943 (-68.0%), from €117,549 to €37,606
- Other operating charges +€32,417
up €32,417 (+843.5%), from €3,843 to €36,261
- Gross operating margin -€24,245
down €24,245 (-17.8%), from €136,092 to €111,847
- Depreciation -€18,977
no longer reported in 2024 (was €18,977)
- Taxes +€7,707
up €7,707 (+551.3%), from €1,398 to €9,105
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,462 | €152,624 | -€48,838 | -24.2% |
| Formation expenses | 20 | €759 | - | -€759 | |
| Fixed assets | 21/28 | €116,225 | - | -€116,225 | |
| Intangible fixed assets | 21 | €8,000 | - | -€8,000 | |
| Tangible fixed assets | 22/27 | €108,225 | - | -€108,225 | |
| Land and buildings | 22 | €66,827 | - | -€66,827 | |
| Plant, machinery and equipment | 23 | €27,062 | - | -€27,062 | |
| Leasing and similar rights | 25 | €14,336 | - | -€14,336 | |
| Current assets | 29/58 | €84,479 | €152,624 | +€68,146 | +80.7% |
| Amounts receivable within one year | 40/41 | €70,500 | €152,587 | +€82,087 | +116.4% |
| Trade receivables | 40 | €29,022 | €14,048 | -€14,975 | -51.6% |
| Other amounts receivable | 41 | €41,477 | €138,539 | +€97,062 | +234.0% |
| Cash at bank and in hand | 54/58 | €13,621 | €37 | -€13,584 | -99.7% |
| Deferred charges and accrued income | 490/1 | €358 | - | -€358 | |
| Total equity and liabilities | 10/49 | €201,462 | €152,624 | -€48,838 | -24.2% |
| Equity | 10/15 | €35,161 | €67,194 | +€32,034 | +91.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,161 | €37,194 | +€32,034 | +620.7% |
| Amounts payable | 17/49 | €166,301 | €85,430 | -€80,871 | -48.6% |
| Amounts payable within one year | 42/48 | €166,182 | €85,430 | -€80,752 | -48.6% |
| Trade debts | 44 | €94,975 | €30,394 | -€64,581 | -68.0% |
| Suppliers | 440/4 | €94,975 | €30,394 | -€64,581 | -68.0% |
| Taxes, remuneration and social security | 45 | €20,116 | €40,326 | +€20,210 | +100.5% |
| Taxes | 450/3 | €15,362 | €15,211 | -€151 | -1.0% |
| Remuneration and social security | 454/9 | €4,754 | €25,115 | +€20,361 | +428.3% |
| Other amounts payable | 47/48 | €51,091 | €14,710 | -€36,382 | -71.2% |
| Accrued charges and deferred income | 492/3 | €119 | - | -€119 | |
| Non-recurring operating income | 76A | - | €54,381 | +€54,381 | |
| Remuneration, social security and pensions | 62 | €117,549 | €37,606 | -€79,943 | -68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,977 | - | -€18,977 | |
| Other operating charges | 640/8 | €3,843 | €36,261 | +€32,417 | +843.5% |
| Non-recurring operating charges | 66A | - | €190 | +€190 | |
| Gross operating margin | 9900 | €136,092 | €111,847 | -€24,245 | -17.8% |
| Operating profit (loss) | 9901 | -€4,278 | €37,790 | +€42,069 | |
| Financial income | 75/76B | €1,717 | €7,985 | +€6,267 | +365.0% |
| Recurring financial income | 75 | €1,717 | €7,985 | +€6,267 | +365.0% |
| Financial charges | 65/66B | €3,393 | €4,636 | +€1,243 | +36.6% |
| Recurring financial charges | 65 | €3,393 | €4,636 | +€1,243 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,954 | €41,139 | +€47,093 | |
| Income taxes | 67/77 | €1,398 | €9,105 | +€7,707 | +551.3% |
| Profit (loss) for the period | 9904 | -€7,352 | €32,034 | +€39,386 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,352 | €32,034 | +€39,386 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.