PnP-projects: 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-projects
Largest movements
- Tangible fixed assets -€1,615
down €1,615 (-37.6%), from €4,301 to €2,686
of which Plant, machinery and equipment: -€1,386
- Cash -€1,165
down €1,165 (-2.2%), from €53,456 to €52,291
mainly Tax, wage and social debts (-€3,716) and Receivables within one year (-€976)
- Receivables within one year +€976
up €976 (+4.2%), from €23,271 to €24,247
of which Other amounts receivable: +€2,664
- Tax, wage and social debts -€3,716
down €3,716 (-19.0%), from €19,578 to €15,863
of which Taxes: -€2,403
- Trade debts +€1,362
up €1,362 (+21.3%), from €6,387 to €7,749
- Gross operating margin -€7,732
down €7,732 (-10.0%), from €77,566 to €69,834
- Staff costs -€3,467
down €3,467 (-5.4%), from €63,750 to €60,283
- Other operating charges -€1,113
down €1,113 (-46.5%), from €2,394 to €1,281
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 | €82,174 | €80,589 | -€1,585 | -1.9% |
| Fixed assets | 21/28 | €4,301 | €2,686 | -€1,615 | -37.6% |
| Tangible fixed assets | 22/27 | €4,301 | €2,686 | -€1,615 | -37.6% |
| Plant, machinery and equipment | 23 | €4,072 | €2,686 | -€1,386 | -34.0% |
| Furniture and vehicles | 24 | €229 | €0 | -€229 | -100.0% |
| Current assets | 29/58 | €77,873 | €77,903 | +€30 | 0.0% |
| Amounts receivable within one year | 40/41 | €23,271 | €24,247 | +€976 | +4.2% |
| Trade receivables | 40 | €22,863 | €21,175 | -€1,688 | -7.4% |
| Other amounts receivable | 41 | €408 | €3,072 | +€2,664 | +652.1% |
| Cash at bank and in hand | 54/58 | €53,456 | €52,291 | -€1,165 | -2.2% |
| Deferred charges and accrued income | 490/1 | €1,145 | €1,365 | +€219 | +19.2% |
| Total equity and liabilities | 10/49 | €82,174 | €80,589 | -€1,585 | -1.9% |
| Equity | 10/15 | €56,209 | €56,977 | +€769 | +1.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €31,075 | €31,075 | = | 0.0% |
| Distributable reserves | 133 | €31,075 | €31,075 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,134 | €5,902 | +€769 | +15.0% |
| Amounts payable | 17/49 | €25,965 | €23,611 | -€2,354 | -9.1% |
| Amounts payable within one year | 42/48 | €25,965 | €23,611 | -€2,354 | -9.1% |
| Trade debts | 44 | €6,387 | €7,749 | +€1,362 | +21.3% |
| Suppliers | 440/4 | €6,387 | €7,749 | +€1,362 | +21.3% |
| Taxes, remuneration and social security | 45 | €19,578 | €15,863 | -€3,716 | -19.0% |
| Taxes | 450/3 | €11,941 | €9,537 | -€2,403 | -20.1% |
| Remuneration and social security | 454/9 | €7,638 | €6,325 | -€1,313 | -17.2% |
| Remuneration, social security and pensions | 62 | €63,750 | €60,283 | -€3,467 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,605 | €1,615 | +€10 | +0.6% |
| Other operating charges | 640/8 | €2,394 | €1,281 | -€1,113 | -46.5% |
| Gross operating margin | 9900 | €77,566 | €69,834 | -€7,732 | -10.0% |
| Operating profit (loss) | 9901 | €9,816 | €6,654 | -€3,162 | -32.2% |
| Financial income | 75/76B | €0 | €89 | +€89 | |
| Recurring financial income | 75 | €0 | €89 | +€89 | |
| Financial charges | 65/66B | €301 | €303 | +€2 | +0.8% |
| Recurring financial charges | 65 | €301 | €303 | +€2 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €9,515 | €6,440 | -€3,075 | -32.3% |
| Income taxes | 67/77 | €6,313 | €5,672 | -€642 | -10.2% |
| Profit (loss) for the period | 9904 | €3,202 | €769 | -€2,434 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,202 | €769 | -€2,434 | -76.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.