PN-HOME PROJECTS: 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-HOME PROJECTS
Largest movements
- Tangible fixed assets -€24,210
down €24,210 (-6.3%), from €381,616 to €357,406
of which Furniture and vehicles: -€17,166
- Receivables within one year -€10,915
down €10,915 (-25.5%), from €42,884 to €31,969
of which Trade receivables: -€5,494
- Cash +€9,095
up €9,095 (+21.0%), from €43,226 to €52,321
mainly Depreciation (+€37,307) and Net result for the year (+€21,694)
- Stocks and contracts +€7,243
up €7,243 (+13.5%), from €53,465 to €60,708
of which Contracts in progress: +€5,090
- Debts after one year -€27,890
down €27,890 (-13.4%), from €207,738 to €179,848
- Reserves +€21,694
up €21,694 (+9.0%), from €242,158 to €263,853
- Trade debts -€15,181
down €15,181 (-60.5%), from €25,085 to €9,904
- Gross operating margin +€21,187
up €21,187 (+38.2%), from €55,443 to €76,630
- Taxes +€7,714
up €7,714 (+464%), from €1,663 to €9,377
- Depreciation -€6,749
down €6,749 (-15.3%), from €44,055 to €37,307
- Other operating charges +€1,561
up €1,561 (+54.1%), from €2,884 to €4,445
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 | €529,674 | €509,074 | -€20,600 | -3.9% |
| Fixed assets | 21/28 | €381,616 | €357,406 | -€24,210 | -6.3% |
| Tangible fixed assets | 22/27 | €381,616 | €357,406 | -€24,210 | -6.3% |
| Land and buildings | 22 | €287,397 | €276,951 | -€10,446 | -3.6% |
| Plant, machinery and equipment | 23 | €30,049 | €33,451 | +€3,402 | +11.3% |
| Furniture and vehicles | 24 | €64,170 | €47,005 | -€17,166 | -26.8% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €148,058 | €151,667 | +€3,609 | +2.4% |
| Stocks and contracts in progress | 3 | €53,465 | €60,708 | +€7,243 | +13.5% |
| Stocks | 30/36 | €48,465 | €50,618 | +€2,153 | +4.4% |
| Contracts in progress | 37 | €5,000 | €10,090 | +€5,090 | +102% |
| Amounts receivable within one year | 40/41 | €42,884 | €31,969 | -€10,915 | -25.5% |
| Trade receivables | 40 | €32,933 | €27,439 | -€5,494 | -16.7% |
| Other amounts receivable | 41 | €9,952 | €4,531 | -€5,421 | -54.5% |
| Cash at bank and in hand | 54/58 | €43,226 | €52,321 | +€9,095 | +21.0% |
| Deferred charges and accrued income | 490/1 | €8,483 | €6,669 | -€1,813 | -21.4% |
| Total equity and liabilities | 10/49 | €529,674 | €509,074 | -€20,600 | -3.9% |
| Equity | 10/15 | €261,158 | €282,853 | +€21,694 | +8.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €242,158 | €263,853 | +€21,694 | +9.0% |
| Distributable reserves | 133 | €242,158 | €263,853 | +€21,694 | +9.0% |
| Amounts payable | 17/49 | €268,516 | €226,221 | -€42,295 | -15.8% |
| Amounts payable after more than one year | 17 | €207,738 | €179,848 | -€27,890 | -13.4% |
| Financial debts | 170/4 | €207,738 | €179,848 | -€27,890 | -13.4% |
| Amounts payable within one year | 42/48 | €60,378 | €46,373 | -€14,005 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €27,875 | €27,890 | +€14 | +0.1% |
| Trade debts | 44 | €25,085 | €9,904 | -€15,181 | -60.5% |
| Suppliers | 440/4 | €25,085 | €9,904 | -€15,181 | -60.5% |
| Taxes, remuneration and social security | 45 | €2,356 | €5,930 | +€3,573 | +152% |
| Taxes | 450/3 | €86 | €5,930 | +€5,843 | +6,759% |
| Remuneration and social security | 454/9 | €2,270 | €0 | -€2,270 | -100% |
| Other amounts payable | 47/48 | €5,061 | €2,649 | -€2,412 | -47.7% |
| Accrued charges and deferred income | 492/3 | €400 | €0 | -€400 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,055 | €37,307 | -€6,749 | -15.3% |
| Other operating charges | 640/8 | €2,884 | €4,445 | +€1,561 | +54.1% |
| Gross operating margin | 9900 | €55,443 | €76,630 | +€21,187 | +38.2% |
| Operating profit (loss) | 9901 | €8,504 | €34,879 | +€26,375 | +310% |
| Financial income | 75/76B | €0 | €22 | +€22 | |
| Recurring financial income | 75 | €0 | €22 | +€22 | |
| Financial charges | 65/66B | €4,445 | €3,830 | -€615 | -13.8% |
| Recurring financial charges | 65 | €4,445 | €3,830 | -€615 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €4,059 | €31,071 | +€27,012 | +666% |
| Income taxes | 67/77 | €1,663 | €9,377 | +€7,714 | +464% |
| Profit (loss) for the period | 9904 | €2,396 | €21,694 | +€19,298 | +805% |
| Profit (loss) for the period to be appropriated | 9905 | €2,396 | €21,694 | +€19,298 | +805% |
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 29 October 2026 via checked.be.