PNG: 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.
PNG
Largest movements
- Cash +€62,454
up €62,454 (+31.0%), from €201,707 to €264,160
mainly Net result for the year (+€37,982) and Depreciation (+€35,650)
- Tangible fixed assets -€35,650
down €35,650 (-43.9%), from €81,255 to €45,605
of which Furniture and vehicles: -€32,945
- Receivables within one year +€20,952
up €20,952 (+89.7%), from €23,348 to €44,300
of which Trade receivables: +€20,932
- Reserves +€37,500
up €37,500 (+29.4%), from €127,594 to €165,094
of which Distributable reserves: +€37,500
- Trade debts +€5,430
up €5,430 (+19.4%), from €27,995 to €33,424
- Tax, wage and social debts +€5,198
up €5,198 (+15.8%), from €32,796 to €37,993
of which Taxes: +€9,054
- Gross operating margin +€53,358
up €53,358 (+17.2%), from €309,663 to €363,021
- Staff costs +€19,352
up €19,352 (+8.4%), from €231,015 to €250,367
- Taxes +€9,210
up €9,210 (+114%), from €8,088 to €17,298
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 | €314,685 | €363,323 | +€48,639 | +15.5% |
| Fixed assets | 21/28 | €81,255 | €45,605 | -€35,650 | -43.9% |
| Tangible fixed assets | 22/27 | €81,255 | €45,605 | -€35,650 | -43.9% |
| Plant, machinery and equipment | 23 | €6,596 | €3,891 | -€2,704 | -41.0% |
| Furniture and vehicles | 24 | €74,659 | €41,714 | -€32,945 | -44.1% |
| Current assets | 29/58 | €233,429 | €317,718 | +€84,288 | +36.1% |
| Amounts receivable within one year | 40/41 | €23,348 | €44,300 | +€20,952 | +89.7% |
| Trade receivables | 40 | €23,348 | €44,280 | +€20,932 | +89.7% |
| Other amounts receivable | 41 | - | €20 | +€20 | |
| Cash at bank and in hand | 54/58 | €201,707 | €264,160 | +€62,454 | +31.0% |
| Deferred charges and accrued income | 490/1 | €8,375 | €9,257 | +€882 | +10.5% |
| Total equity and liabilities | 10/49 | €314,685 | €363,323 | +€48,639 | +15.5% |
| Equity | 10/15 | €253,518 | €291,500 | +€37,982 | +15.0% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €127,594 | €165,094 | +€37,500 | +29.4% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,678 | €23,678 | = | 0.0% |
| Distributable reserves | 133 | €94,000 | €131,500 | +€37,500 | +39.9% |
| Profit (loss) carried forward | 14 | €26,767 | €27,249 | +€482 | +1.8% |
| Amounts payable | 17/49 | €61,167 | €71,823 | +€10,657 | +17.4% |
| Amounts payable within one year | 42/48 | €60,790 | €71,418 | +€10,627 | +17.5% |
| Trade debts | 44 | €27,995 | €33,424 | +€5,430 | +19.4% |
| Suppliers | 440/4 | €27,995 | €33,424 | +€5,430 | +19.4% |
| Taxes, remuneration and social security | 45 | €32,796 | €37,993 | +€5,198 | +15.8% |
| Taxes | 450/3 | €4,567 | €13,621 | +€9,054 | +198% |
| Remuneration and social security | 454/9 | €28,229 | €24,373 | -€3,856 | -13.7% |
| Accrued charges and deferred income | 492/3 | €376 | €406 | +€29 | +7.8% |
| Remuneration, social security and pensions | 62 | €231,015 | €250,367 | +€19,352 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,650 | €35,650 | +€0 | 0.0% |
| Other operating charges | 640/8 | €20,991 | €21,828 | +€837 | +4.0% |
| Gross operating margin | 9900 | €309,663 | €363,021 | +€53,358 | +17.2% |
| Operating profit (loss) | 9901 | €22,007 | €55,176 | +€33,169 | +151% |
| Financial income | 75/76B | €978 | €412 | -€566 | -57.9% |
| Recurring financial income | 75 | €978 | €412 | -€566 | -57.9% |
| Financial charges | 65/66B | €305 | €308 | +€3 | +1.0% |
| Recurring financial charges | 65 | €305 | €308 | +€3 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €22,680 | €55,280 | +€32,599 | +144% |
| Income taxes | 67/77 | €8,088 | €17,298 | +€9,210 | +114% |
| Profit (loss) for the period | 9904 | €14,592 | €37,982 | +€23,390 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €14,592 | €37,982 | +€23,390 | +160% |
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 15 October 2026 via checked.be.