PNA Solutions: what changed
Two fiscal 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.
PNA Solutions
Largest movements
- Cash -€32,654
down €32,654 (-41.9%), from €77,923 to €45,269
mainly Trade debts (-€73,338) and Contributions, distributions and other (-€38,000)
- Receivables within one year -€12,884
down €12,884 (-14.3%), from €90,384 to €77,500
of which Trade receivables: -€11,983
- Stocks and contracts +€10,756
up €10,756 (+35.8%), from €30,069 to €40,825
of which Stocks: +€10,756
- Tangible fixed assets -€7,798
down €7,798 (-2.8%), from €283,076 to €275,278
of which Land and buildings: -€24,020
- Trade debts -€73,338
down €73,338 (-87.1%), from €84,188 to €10,850
- Debts after one year +€23,373
up €23,373 (+11.5%), from €203,075 to €226,448
- Tax, wage and social debts +€21,999
up €21,999 (+85.2%), from €25,811 to €47,810
of which Remuneration and social security: +€16,072
- Reserves -€17,028
down €17,028 (-13.5%), from €126,236 to €109,208
of which Distributable reserves: -€17,028
- Staff costs +€50,548
up €50,548 (+57.3%), from €88,170 to €138,718
- Depreciation -€11,776
down €11,776 (-21.9%), from €53,702 to €41,925
- Other operating charges -€10,971
down €10,971 (-78.9%), from €13,911 to €2,940
- Taxes -€5,288
down €5,288 (-28.6%), from €18,508 to €13,220
- Gross operating margin +€3,525
up €3,525 (+1.6%), from €222,795 to €226,320
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.
Cash bridge derived
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 | €483,652 | €441,295 | -€42,357 | -8.8% |
| Fixed assets | 21/28 | €283,076 | €275,278 | -€7,798 | -2.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €283,076 | €275,278 | -€7,798 | -2.8% |
| Land and buildings | 22 | €218,616 | €194,595 | -€24,020 | -11.0% |
| Plant, machinery and equipment | 23 | €39,079 | €62,488 | +€23,409 | +59.9% |
| Furniture and vehicles | 24 | €25,381 | €18,195 | -€7,187 | -28.3% |
| Current assets | 29/58 | €200,576 | €166,017 | -€34,559 | -17.2% |
| Stocks and contracts in progress | 3 | €30,069 | €40,825 | +€10,756 | +35.8% |
| Stocks | 30/36 | €30,069 | €40,825 | +€10,756 | +35.8% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €90,384 | €77,500 | -€12,884 | -14.3% |
| Trade receivables | 40 | €56,547 | €44,564 | -€11,983 | -21.2% |
| Other amounts receivable | 41 | €33,837 | €32,935 | -€901 | -2.7% |
| Cash at bank and in hand | 54/58 | €77,923 | €45,269 | -€32,654 | -41.9% |
| Deferred charges and accrued income | 490/1 | €2,200 | €2,423 | +€223 | +10.1% |
| Total equity and liabilities | 10/49 | €483,652 | €441,295 | -€42,357 | -8.8% |
| Equity | 10/15 | €142,436 | €125,408 | -€17,028 | -12.0% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €126,236 | €109,208 | -€17,028 | -13.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €126,236 | €109,208 | -€17,028 | -13.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €341,216 | €315,887 | -€25,330 | -7.4% |
| Amounts payable after more than one year | 17 | €203,075 | €226,448 | +€23,373 | +11.5% |
| Financial debts | 170/4 | €203,075 | €226,448 | +€23,373 | +11.5% |
| Amounts payable within one year | 42/48 | €138,142 | €89,439 | -€48,703 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €28,143 | €30,779 | +€2,636 | +9.4% |
| Trade debts | 44 | €84,188 | €10,850 | -€73,338 | -87.1% |
| Suppliers | 440/4 | €84,188 | €10,850 | -€73,338 | -87.1% |
| Taxes, remuneration and social security | 45 | €25,811 | €47,810 | +€21,999 | +85.2% |
| Taxes | 450/3 | €9,336 | €15,263 | +€5,927 | +63.5% |
| Remuneration and social security | 454/9 | €16,475 | €32,547 | +€16,072 | +97.6% |
| Remuneration, social security and pensions | 62 | €88,170 | €138,718 | +€50,548 | +57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,702 | €41,925 | -€11,776 | -21.9% |
| Other operating charges | 640/8 | €13,911 | €2,940 | -€10,971 | -78.9% |
| Gross operating margin | 9900 | €222,795 | €226,320 | +€3,525 | +1.6% |
| Operating profit (loss) | 9901 | €67,013 | €42,738 | -€24,275 | -36.2% |
| Financial income | 75/76B | €747 | €1,984 | +€1,238 | +165.8% |
| Recurring financial income | 75 | €747 | €1,984 | +€1,238 | +165.8% |
| Financial charges | 65/66B | €13,133 | €10,530 | -€2,603 | -19.8% |
| Recurring financial charges | 65 | €13,133 | €10,530 | -€2,603 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €54,626 | €34,192 | -€20,434 | -37.4% |
| Income taxes | 67/77 | €18,508 | €13,220 | -€5,288 | -28.6% |
| Profit (loss) for the period | 9904 | €36,118 | €20,972 | -€15,146 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,118 | €20,972 | -€15,146 | -41.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.