PNP INVEST: 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.
PNP INVEST
Largest movements
- Tangible fixed assets -€7,065
down €7,065 (-1.6%), from €446,442 to €439,378
of which Land and buildings: -€12,854
- Debts after one year -€12,898
down €12,898 (-3.8%), from €339,924 to €327,026
- Other debts +€12,745
up €12,745 (+43.6%), from €29,243 to €41,988
- Accrued charges and deferred income +€12,240
up €12,240 (+1,632%), from €750 to €12,990
- Profit (loss) carried forward -€12,236
down €12,236 (-63.9%), from -€19,156 to -€31,392
- Gross operating margin +€10,609
up €10,609 (+75.1%), from €14,117 to €24,726
- Other operating charges +€3,412
up €3,412 (+88.5%), from €3,855 to €7,268
- Depreciation +€1,305
up €1,305 (+9.6%), from €13,575 to €14,880
- Financial charges -€1,028
down €1,028 (-6.5%), from €15,843 to €14,815
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 | €458,449 | €455,560 | -€2,889 | -0.6% |
| Fixed assets | 21/28 | €446,922 | €439,858 | -€7,065 | -1.6% |
| Tangible fixed assets | 22/27 | €446,442 | €439,378 | -€7,065 | -1.6% |
| Land and buildings | 22 | €431,572 | €418,718 | -€12,854 | -3.0% |
| Plant, machinery and equipment | 23 | €14,870 | €20,660 | +€5,789 | +38.9% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €11,527 | €15,702 | +€4,175 | +36.2% |
| Amounts receivable within one year | 40/41 | €10,174 | €11,111 | +€937 | +9.2% |
| Trade receivables | 40 | €6,836 | €9,495 | +€2,659 | +38.9% |
| Other amounts receivable | 41 | €3,339 | €1,616 | -€1,723 | -51.6% |
| Cash at bank and in hand | 54/58 | €1,353 | €3,991 | +€2,638 | +195% |
| Deferred charges and accrued income | 490/1 | - | €600 | +€600 | |
| Total equity and liabilities | 10/49 | €458,449 | €455,560 | -€2,889 | -0.6% |
| Equity | 10/15 | €70,844 | €58,608 | -€12,236 | -17.3% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,156 | -€31,392 | -€12,236 | -63.9% |
| Amounts payable | 17/49 | €387,605 | €396,952 | +€9,346 | +2.4% |
| Amounts payable after more than one year | 17 | €339,924 | €327,026 | -€12,898 | -3.8% |
| Financial debts | 170/4 | €339,924 | €327,026 | -€12,898 | -3.8% |
| Amounts payable within one year | 42/48 | €46,931 | €56,935 | +€10,004 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €12,367 | €12,898 | +€531 | +4.3% |
| Trade debts | 44 | €2,036 | €434 | -€1,602 | -78.7% |
| Suppliers | 440/4 | €2,036 | €434 | -€1,602 | -78.7% |
| Taxes, remuneration and social security | 45 | €3,285 | €1,616 | -€1,669 | -50.8% |
| Taxes | 450/3 | €3,285 | €1,616 | -€1,669 | -50.8% |
| Other amounts payable | 47/48 | €29,243 | €41,988 | +€12,745 | +43.6% |
| Accrued charges and deferred income | 492/3 | €750 | €12,990 | +€12,240 | +1,632% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,575 | €14,880 | +€1,305 | +9.6% |
| Other operating charges | 640/8 | €3,855 | €7,268 | +€3,412 | +88.5% |
| Gross operating margin | 9900 | €14,117 | €24,726 | +€10,609 | +75.1% |
| Operating profit (loss) | 9901 | -€3,313 | €2,579 | +€5,892 | |
| Financial charges | 65/66B | €15,843 | €14,815 | -€1,028 | -6.5% |
| Recurring financial charges | 65 | €15,843 | €14,815 | -€1,028 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,156 | -€12,236 | +€6,920 | +36.1% |
| Profit (loss) for the period | 9904 | -€19,156 | -€12,236 | +€6,920 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,156 | -€12,236 | +€6,920 | +36.1% |
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 20 October 2026 via checked.be.