PJP Holding: 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.
PJP Holding
Largest movements
- Current investments -€831,323
down €831,323 (-14.3%), from €5.8m to €5.0m
- Deferred charges and accrued income +€150,000
new in 2025: €150,000
- Receivables within one year +€129,254
up €129,254 (+40.1%), from €322,206 to €451,460
- Other debts -€355,062
down €355,062 (-24.9%), from €1.4m to €1.1m
- Financial income -€1.0m
down €1.0m (-47.8%), from €2.1m to €1.1m
- Taxes -€101,758
down €101,758 (-46.1%), from €220,867 to €119,109
- Financial charges +€3,427
up €3,427 (+43.3%), from €7,908 to €11,335
- Gross operating margin -€3,056
down €3,056 (-272%), from -€1,124 to -€4,180
- Other operating charges +€224
up €224 (+23.1%), from €968 to €1,191
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 | €12,666,048 | €12,137,123 | -€528,925 | -4.2% |
| Fixed assets | 21/28 | €6,468,849 | €6,468,849 | = | 0.0% |
| Financial fixed assets | 28 | €6,468,849 | €6,468,849 | = | 0.0% |
| Current assets | 29/58 | €6,197,199 | €5,668,274 | -€528,925 | -8.5% |
| Amounts receivable within one year | 40/41 | €322,206 | €451,460 | +€129,254 | +40.1% |
| Other amounts receivable | 41 | €322,206 | €451,460 | +€129,254 | +40.1% |
| Current investments | 50/53 | €5,812,542 | €4,981,219 | -€831,323 | -14.3% |
| Cash at bank and in hand | 54/58 | €62,451 | €85,595 | +€23,144 | +37.1% |
| Deferred charges and accrued income | 490/1 | - | €150,000 | +€150,000 | |
| Total equity and liabilities | 10/49 | €12,666,048 | €12,137,123 | -€528,925 | -4.2% |
| Equity | 10/15 | €11,044,335 | €10,925,240 | -€119,094 | -1.1% |
| Contributions | 10/11 | €6,747,459 | €6,747,459 | = | 0.0% |
| Reserves | 13 | €4,296,694 | €4,177,600 | -€119,094 | -2.8% |
| Distributable reserves | 133 | €4,296,694 | €4,177,600 | -€119,094 | -2.8% |
| Profit (loss) carried forward | 14 | €181 | €181 | +€0 | 0.0% |
| Amounts payable | 17/49 | €1,621,714 | €1,211,883 | -€409,831 | -25.3% |
| Amounts payable within one year | 42/48 | €1,621,714 | €1,211,883 | -€409,831 | -25.3% |
| Trade debts | 44 | €0 | €333 | +€333 | |
| Suppliers | 440/4 | €0 | €333 | +€333 | |
| Taxes, remuneration and social security | 45 | €196,820 | €141,719 | -€55,101 | -28.0% |
| Taxes | 450/3 | €196,820 | €141,719 | -€55,101 | -28.0% |
| Other amounts payable | 47/48 | €1,424,893 | €1,069,831 | -€355,062 | -24.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €968 | €1,191 | +€224 | +23.1% |
| Non-recurring operating charges | 66A | €8,691 | €38,767 | +€30,076 | +346% |
| Gross operating margin | 9900 | -€1,124 | -€4,180 | -€3,056 | -272% |
| Operating profit (loss) | 9901 | -€10,782 | -€44,138 | -€33,356 | -309% |
| Financial income | 75/76B | €2,122,983 | €1,107,770 | -€1.0m | -47.8% |
| Recurring financial income | 75 | €2,122,983 | €1,107,770 | -€1.0m | -47.8% |
| Financial charges | 65/66B | €7,908 | €11,335 | +€3,427 | +43.3% |
| Recurring financial charges | 65 | €7,908 | €11,335 | +€3,427 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | €2,104,293 | €1,052,297 | -€1.1m | -50.0% |
| Income taxes | 67/77 | €220,867 | €119,109 | -€101,758 | -46.1% |
| Profit (loss) for the period | 9904 | €1,883,426 | €933,188 | -€950,238 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,883,426 | €933,188 | -€950,238 | -50.5% |
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 16 October 2026 via checked.be.