PK: 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.
PK
Largest movements
- Cash -€86,821
down €86,821 (-75.4%), from €115,088 to €28,267
mainly Other debts (-€104,410) and Contributions, distributions and other (-€25,000)
- Current investments +€20,000
up €20,000 (+16.7%), from €120,000 to €140,000
- Tangible fixed assets -€13,183
down €13,183 (-24.9%), from €52,992 to €39,809
- Intangible fixed assets -€12,300
down €12,300 (-50.0%), from €24,600 to €12,300
- Other debts -€104,410
down €104,410 (-62.9%), from €165,902 to €61,492
- Reserves +€6,189
up €6,189 (+5.5%), from €112,443 to €118,632
- Tax, wage and social debts +€3,747
up €3,747 (+46.6%), from €8,047 to €11,794
- Trade debts +€3,221
up €3,221 (+186%), from €1,732 to €4,953
- Gross operating margin -€29,411
down €29,411 (-27.5%), from €106,960 to €77,549
- Taxes -€11,204
down €11,204 (-48.3%), from €23,189 to €11,985
- Financial charges -€1,331
down €1,331 (-13.7%), from €9,749 to €8,418
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 | €316,271 | €223,753 | -€92,518 | -29.3% |
| Fixed assets | 21/28 | €77,592 | €52,109 | -€25,483 | -32.8% |
| Intangible fixed assets | 21 | €24,600 | €12,300 | -€12,300 | -50.0% |
| Tangible fixed assets | 22/27 | €52,992 | €39,809 | -€13,183 | -24.9% |
| Furniture and vehicles | 24 | €52,992 | €39,809 | -€13,183 | -24.9% |
| Current assets | 29/58 | €238,679 | €171,643 | -€67,036 | -28.1% |
| Amounts receivable within one year | 40/41 | €3,509 | €3,231 | -€278 | -7.9% |
| Trade receivables | 40 | €3,509 | €0 | -€3,509 | -100% |
| Other amounts receivable | 41 | - | €3,231 | +€3,231 | |
| Current investments | 50/53 | €120,000 | €140,000 | +€20,000 | +16.7% |
| Cash at bank and in hand | 54/58 | €115,088 | €28,267 | -€86,821 | -75.4% |
| Deferred charges and accrued income | 490/1 | €82 | €145 | +€63 | +76.6% |
| Total equity and liabilities | 10/49 | €316,271 | €223,753 | -€92,518 | -29.3% |
| Equity | 10/15 | €131,043 | €137,232 | +€6,189 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,443 | €118,632 | +€6,189 | +5.5% |
| Distributable reserves | 133 | €112,443 | €118,632 | +€6,189 | +5.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €185,228 | €86,521 | -€98,707 | -53.3% |
| Amounts payable within one year | 42/48 | €175,680 | €78,239 | -€97,441 | -55.5% |
| Trade debts | 44 | €1,732 | €4,953 | +€3,221 | +186% |
| Suppliers | 440/4 | €1,732 | €4,953 | +€3,221 | +186% |
| Taxes, remuneration and social security | 45 | €8,047 | €11,794 | +€3,747 | +46.6% |
| Taxes | 450/3 | €8,047 | €11,794 | +€3,747 | +46.6% |
| Other amounts payable | 47/48 | €165,902 | €61,492 | -€104,410 | -62.9% |
| Accrued charges and deferred income | 492/3 | €9,548 | €8,281 | -€1,266 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,609 | €25,483 | +€873 | +3.5% |
| Other operating charges | 640/8 | €1,650 | €1,203 | -€447 | -27.1% |
| Gross operating margin | 9900 | €106,960 | €77,549 | -€29,411 | -27.5% |
| Operating profit (loss) | 9901 | €80,701 | €50,863 | -€29,837 | -37.0% |
| Financial income | 75/76B | €610 | €729 | +€119 | +19.5% |
| Recurring financial income | 75 | €610 | €729 | +€119 | +19.5% |
| Financial charges | 65/66B | €9,749 | €8,418 | -€1,331 | -13.7% |
| Recurring financial charges | 65 | €9,749 | €8,418 | -€1,331 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €71,562 | €43,174 | -€28,387 | -39.7% |
| Income taxes | 67/77 | €23,189 | €11,985 | -€11,204 | -48.3% |
| Profit (loss) for the period | 9904 | €48,373 | €31,189 | -€17,183 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,373 | €31,189 | -€17,183 | -35.5% |
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 13 October 2026 via checked.be.