PNEOO: 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.
PNEOO
Largest movements
- Receivables within one year +€46,295
up €46,295 (+75.8%), from €61,095 to €107,389
of which Trade receivables: +€26,277
- Tangible fixed assets +€12,779
up €12,779 (+336.7%), from €3,796 to €16,575
of which Plant, machinery and equipment: +€11,682
- Cash -€1,965
down €1,965 (-8.2%), from €23,837 to €21,872
mainly Receivables within one year (-€46,295) and Investment in fixed assets (net) (-€15,874)
- Profit (loss) carried forward +€40,627
up €40,627 (+74.6%), from €54,452 to €95,079
- Other debts +€29,265
new in 2025: €29,265
- Tax, wage and social debts -€12,783
down €12,783 (-46.2%), from €27,675 to €14,892
- Gross operating margin +€59,206
up €59,206 (+18805.8%), from €315 to €59,521
- Taxes +€11,848
up €11,848 (+3739.1%), from €317 to €12,165
- Financial charges +€2,606
up €2,606 (+2231.6%), from €117 to €2,723
- Depreciation +€1,777
up €1,777 (+134.9%), from €1,318 to €3,095
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 | €88,727 | €145,836 | +€57,109 | +64.4% |
| Fixed assets | 21/28 | €3,796 | €16,575 | +€12,779 | +336.7% |
| Tangible fixed assets | 22/27 | €3,796 | €16,575 | +€12,779 | +336.7% |
| Plant, machinery and equipment | 23 | €2,218 | €13,900 | +€11,682 | +526.7% |
| Furniture and vehicles | 24 | €1,578 | €2,675 | +€1,098 | +69.6% |
| Current assets | 29/58 | €84,931 | €129,261 | +€44,330 | +52.2% |
| Amounts receivable within one year | 40/41 | €61,095 | €107,389 | +€46,295 | +75.8% |
| Trade receivables | 40 | - | €26,277 | +€26,277 | |
| Other amounts receivable | 41 | €61,095 | €81,113 | +€20,018 | +32.8% |
| Cash at bank and in hand | 54/58 | €23,837 | €21,872 | -€1,965 | -8.2% |
| Total equity and liabilities | 10/49 | €88,727 | €145,836 | +€57,109 | +64.4% |
| Equity | 10/15 | €61,052 | €101,679 | +€40,627 | +66.5% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,452 | €95,079 | +€40,627 | +74.6% |
| Amounts payable | 17/49 | €27,675 | €44,157 | +€16,482 | +59.6% |
| Amounts payable within one year | 42/48 | €27,675 | €44,157 | +€16,482 | +59.6% |
| Taxes, remuneration and social security | 45 | €27,675 | €14,892 | -€12,783 | -46.2% |
| Taxes | 450/3 | €27,675 | €14,892 | -€12,783 | -46.2% |
| Other amounts payable | 47/48 | - | €29,265 | +€29,265 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,318 | €3,095 | +€1,777 | +134.9% |
| Other operating charges | 640/8 | €505 | €912 | +€406 | +80.4% |
| Gross operating margin | 9900 | €315 | €59,521 | +€59,206 | +18805.8% |
| Operating profit (loss) | 9901 | -€1,508 | €55,515 | +€57,023 | |
| Financial income | 75/76B | €95 | - | -€95 | |
| Recurring financial income | 75 | €95 | - | -€95 | |
| Financial charges | 65/66B | €117 | €2,723 | +€2,606 | +2231.6% |
| Recurring financial charges | 65 | €117 | €2,723 | +€2,606 | +2231.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,530 | €52,792 | +€54,322 | |
| Income taxes | 67/77 | €317 | €12,165 | +€11,848 | +3739.1% |
| Profit (loss) for the period | 9904 | -€1,846 | €40,627 | +€42,474 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,846 | €40,627 | +€42,474 |
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 11 October 2026 via checked.be.