PN INVEST: what changed
What changed
PN INVEST
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€62,913
2024 · €37,334+€25,579
Equity
€1.6m
2024 · €1.5m+€62,913
Cash
€2,469
2024 · €84+€2,385
Balance sheet total
€3.5m
2024 · €3.5m-€13,605
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€314,286
down €314,286 (-25.3%), from €1.2m to €928,571
- Other debts +€251,200
up €251,200 (+59.5%), from €422,000 to €673,200
- Reserves +€62,913
up €62,913 (+28.0%), from €224,621 to €287,534
Income statement
- Financial charges -€17,899
down €17,899 (-37.8%), from €47,327 to €29,428
- Taxes -€8,471
down €8,471 (-28.8%), from €29,442 to €20,971
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€37,334
Gross operating margin
-€782
Financial income
-€9
Financial charges
+€17,899
Taxes
+€8,471
Result 2025
€62,913
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€330,729
Investment
€0
Financing
-€328,344
Cash 2024
€84
From operations (derived)
+€330,729
Net result for the year
+€62,913
Receivables within one year
+€15,990
Smaller working-capital items
+€626
Other debts
+€251,200
Financing
-€328,344
Debts after one year
-€314,286
Current portion of long-term debt
-€14,058
Cash 2025
€2,469
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,546,946 | €3,533,341 | -€13,605 | -0.4% |
| Fixed assets | 21/28 | €3,514,743 | €3,514,743 | = | 0.0% |
| Financial fixed assets | 28 | €3,514,743 | €3,514,743 | = | 0.0% |
| Current assets | 29/58 | €32,203 | €18,598 | -€13,605 | -42.2% |
| Amounts receivable within one year | 40/41 | €32,119 | €16,129 | -€15,990 | -49.8% |
| Trade receivables | 40 | €24,200 | €12,100 | -€12,100 | -50.0% |
| Other amounts receivable | 41 | €7,919 | €4,029 | -€3,890 | -49.1% |
| Cash at bank and in hand | 54/58 | €84 | €2,469 | +€2,385 | +2,841% |
| Total equity and liabilities | 10/49 | €3,546,946 | €3,533,341 | -€13,605 | -0.4% |
| Equity | 10/15 | €1,538,738 | €1,601,651 | +€62,913 | +4.1% |
| Contributions | 10/11 | €1,314,118 | €1,314,118 | = | 0.0% |
| Reserves | 13 | €224,621 | €287,534 | +€62,913 | +28.0% |
| Distributable reserves | 133 | €224,621 | €287,534 | +€62,913 | +28.0% |
| Amounts payable | 17/49 | €2,008,207 | €1,931,690 | -€76,518 | -3.8% |
| Amounts payable after more than one year | 17 | €1,242,857 | €928,571 | -€314,286 | -25.3% |
| Financial debts | 170/4 | €1,242,857 | €928,571 | -€314,286 | -25.3% |
| Amounts payable within one year | 42/48 | €765,351 | €1,003,118 | +€237,768 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €335,231 | €321,173 | -€14,058 | -4.2% |
| Trade debts | 44 | €244 | €818 | +€575 | +236% |
| Suppliers | 440/4 | €244 | €818 | +€575 | +236% |
| Taxes, remuneration and social security | 45 | €7,875 | €7,927 | +€51 | +0.7% |
| Taxes | 450/3 | €7,875 | €7,927 | +€51 | +0.7% |
| Other amounts payable | 47/48 | €422,000 | €673,200 | +€251,200 | +59.5% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €114,155 | €113,373 | -€782 | -0.7% |
| Operating profit (loss) | 9901 | €114,093 | €113,311 | -€782 | -0.7% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €47,327 | €29,428 | -€17,899 | -37.8% |
| Recurring financial charges | 65 | €47,327 | €29,428 | -€17,899 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €66,776 | €83,884 | +€17,108 | +25.6% |
| Income taxes | 67/77 | €29,442 | €20,971 | -€8,471 | -28.8% |
| Profit (loss) for the period | 9904 | €37,334 | €62,913 | +€25,579 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,334 | €62,913 | +€25,579 | +68.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.