PN CREATIONS: 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.
PN CREATIONS
Largest movements
- Cash +€43,076
up €43,076 (+20.9%), from €205,675 to €248,751
mainly Depreciation (+€42,175) and Trade debts (+€22,156)
- Receivables within one year +€37,397
up €37,397 (+66.7%), from €56,054 to €93,451
of which Trade receivables: +€30,808
- Tangible fixed assets -€29,957
down €29,957 (-9.8%), from €306,989 to €277,032
of which Land and buildings: -€27,363
- Trade debts +€22,156
up €22,156 (+256%), from €8,643 to €30,799
- Tax, wage and social debts +€17,728
up €17,728 (+177%), from €9,988 to €27,715
of which Taxes: +€15,491
- Reserves +€14,442
up €14,442 (+4.0%), from €360,804 to €375,246
of which Distributable reserves: +€14,442
- Financial income -€1,002
down €1,002 (-25.8%), from €3,892 to €2,890
- Gross operating margin -€980
down €980 (-1.4%), from €69,021 to €68,041
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 | €581,045 | €635,071 | +€54,026 | +9.3% |
| Fixed assets | 21/28 | €306,989 | €277,032 | -€29,957 | -9.8% |
| Tangible fixed assets | 22/27 | €306,989 | €277,032 | -€29,957 | -9.8% |
| Land and buildings | 22 | €283,927 | €256,564 | -€27,363 | -9.6% |
| Furniture and vehicles | 24 | €1,786 | €921 | -€865 | -48.4% |
| Other tangible fixed assets | 26 | €21,276 | €19,547 | -€1,729 | -8.1% |
| Current assets | 29/58 | €274,056 | €358,039 | +€83,983 | +30.6% |
| Stocks and contracts in progress | 3 | €1,612 | €0 | -€1,612 | -100% |
| Stocks | 30/36 | €1,612 | €0 | -€1,612 | -100% |
| Amounts receivable within one year | 40/41 | €56,054 | €93,451 | +€37,397 | +66.7% |
| Trade receivables | 40 | €4,027 | €34,835 | +€30,808 | +765% |
| Other amounts receivable | 41 | €52,028 | €58,617 | +€6,589 | +12.7% |
| Cash at bank and in hand | 54/58 | €205,675 | €248,751 | +€43,076 | +20.9% |
| Deferred charges and accrued income | 490/1 | €10,715 | €15,836 | +€5,121 | +47.8% |
| Total equity and liabilities | 10/49 | €581,045 | €635,071 | +€54,026 | +9.3% |
| Equity | 10/15 | €562,414 | €576,556 | +€14,142 | +2.5% |
| Contributions | 10/11 | €201,210 | €201,210 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €70,290 | €70,290 | = | 0.0% |
| Uncalled capital | 101 | €8,790 | €8,790 | = | 0.0% |
| Contributions outside capital | 11 | €139,710 | €139,710 | = | 0.0% |
| Share premium | 1100/10 | €139,710 | €139,710 | = | 0.0% |
| Reserves | 13 | €360,804 | €375,246 | +€14,442 | +4.0% |
| Non-distributable reserves | 130/1 | €7,029 | €7,029 | = | 0.0% |
| Legal reserve | 130 | €7,029 | €7,029 | = | 0.0% |
| Distributable reserves | 133 | €353,775 | €368,217 | +€14,442 | +4.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €400 | €100 | -€300 | -75.0% |
| Amounts payable | 17/49 | €18,631 | €58,515 | +€39,884 | +214% |
| Amounts payable within one year | 42/48 | €18,631 | €58,515 | +€39,884 | +214% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €8,643 | €30,799 | +€22,156 | +256% |
| Suppliers | 440/4 | €8,643 | €30,799 | +€22,156 | +256% |
| Taxes, remuneration and social security | 45 | €9,988 | €27,715 | +€17,728 | +177% |
| Taxes | 450/3 | €9,874 | €25,364 | +€15,491 | +157% |
| Remuneration and social security | 454/9 | €114 | €2,351 | +€2,237 | +1,963% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,397 | €42,175 | -€222 | -0.5% |
| Other operating charges | 640/8 | €8,904 | €8,884 | -€19 | -0.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €69,021 | €68,041 | -€980 | -1.4% |
| Operating profit (loss) | 9901 | €17,720 | €16,982 | -€738 | -4.2% |
| Financial income | 75/76B | €3,892 | €2,890 | -€1,002 | -25.8% |
| Recurring financial income | 75 | €3,892 | €2,890 | -€1,002 | -25.8% |
| Financial charges | 65/66B | €2,295 | €2,442 | +€147 | +6.4% |
| Recurring financial charges | 65 | €2,295 | €2,442 | +€147 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €19,318 | €17,430 | -€1,888 | -9.8% |
| Income taxes | 67/77 | €3,570 | €2,988 | -€582 | -16.3% |
| Profit (loss) for the period | 9904 | €15,748 | €14,442 | -€1,305 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,748 | €14,442 | -€1,305 | -8.3% |
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 14 October 2026 via checked.be.