PN SYSTEMS: 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 SYSTEMS
Largest movements
- Cash -€14,501
down €14,501 (-78.0%), from €18,596 to €4,095
mainly Net result for the year (-€112,906) and Other debts (-€4,226)
- Receivables within one year -€8,678
down €8,678 (-22.1%), from €39,281 to €30,603
of which Trade receivables: -€8,713
- Tangible fixed assets -€8,676
down €8,676 (-26.0%), from €33,345 to €24,669
of which Furniture and vehicles: -€7,711
- Deferred charges and accrued income -€1,949
down €1,949 (-61.0%), from €3,195 to €1,246
- Profit (loss) carried forward -€112,906
down €112,906 (-283%), from -€39,896 to -€152,803
- Trade debts +€59,141
up €59,141 (+131%), from €45,094 to €104,235
- Tax, wage and social debts +€12,919
up €12,919 (+80.1%), from €16,123 to €29,042
- Contributions +€8,850
up €8,850 (+90.8%), from €9,750 to €18,600
- Other debts -€4,226
down €4,226 (-9.4%), from €44,886 to €40,660
- Staff costs +€57,964
up €57,964 (+44.3%), from €130,852 to €188,816
- Gross operating margin -€23,427
down €23,427 (-21.3%), from €110,156 to €86,729
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,816 | €64,012 | -€33,804 | -34.6% |
| Fixed assets | 21/28 | €36,745 | €28,069 | -€8,676 | -23.6% |
| Tangible fixed assets | 22/27 | €33,345 | €24,669 | -€8,676 | -26.0% |
| Plant, machinery and equipment | 23 | €2,099 | €1,135 | -€964 | -45.9% |
| Furniture and vehicles | 24 | €31,246 | €23,534 | -€7,711 | -24.7% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €61,072 | €35,943 | -€25,128 | -41.1% |
| Amounts receivable within one year | 40/41 | €39,281 | €30,603 | -€8,678 | -22.1% |
| Trade receivables | 40 | €39,280 | €30,567 | -€8,713 | -22.2% |
| Other amounts receivable | 41 | €1 | €37 | +€35 | +2,800% |
| Cash at bank and in hand | 54/58 | €18,596 | €4,095 | -€14,501 | -78.0% |
| Deferred charges and accrued income | 490/1 | €3,195 | €1,246 | -€1,949 | -61.0% |
| Total equity and liabilities | 10/49 | €97,816 | €64,012 | -€33,804 | -34.6% |
| Equity | 10/15 | -€28,286 | -€132,343 | -€104,056 | -368% |
| Contributions | 10/11 | €9,750 | €18,600 | +€8,850 | +90.8% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,896 | -€152,803 | -€112,906 | -283% |
| Amounts payable | 17/49 | €126,102 | €196,355 | +€70,253 | +55.7% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €106,102 | €173,936 | +€67,834 | +63.9% |
| Trade debts | 44 | €45,094 | €104,235 | +€59,141 | +131% |
| Suppliers | 440/4 | €45,094 | €104,235 | +€59,141 | +131% |
| Taxes, remuneration and social security | 45 | €16,123 | €29,042 | +€12,919 | +80.1% |
| Taxes | 450/3 | €16,123 | €29,042 | +€12,919 | +80.1% |
| Other amounts payable | 47/48 | €44,886 | €40,660 | -€4,226 | -9.4% |
| Accrued charges and deferred income | 492/3 | - | €2,419 | +€2,419 | |
| Remuneration, social security and pensions | 62 | €130,852 | €188,816 | +€57,964 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,902 | €8,676 | +€774 | +9.8% |
| Other operating charges | 640/8 | €384 | €647 | +€263 | +68.4% |
| Gross operating margin | 9900 | €110,156 | €86,729 | -€23,427 | -21.3% |
| Operating profit (loss) | 9901 | -€28,983 | -€111,410 | -€82,428 | -284% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €1,027 | €1,034 | +€8 | +0.7% |
| Recurring financial charges | 65 | €650 | €1,034 | +€384 | +59.0% |
| Non-recurring financial charges | 66B | €376 | - | -€376 | |
| Profit (loss) for the period before taxes | 9903 | -€30,009 | -€112,421 | -€82,412 | -275% |
| Income taxes | 67/77 | - | €485 | +€485 | |
| Profit (loss) for the period | 9904 | -€30,009 | -€112,906 | -€82,897 | -276% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,009 | -€112,906 | -€82,897 | -276% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.