PnP Studio's: 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 Studio's
Largest movements
- Cash -€83,998
down €83,998 (-81.4%), from €103,144 to €19,146
mainly Debts after one year (-€50,911) and Receivables within one year (-€38,788)
- Tangible fixed assets -€53,152
down €53,152 (-7.8%), from €680,246 to €627,094
of which Land and buildings: -€47,215
- Receivables within one year +€38,788
up €38,788 (+148%), from €26,181 to €64,969
of which Trade receivables: +€35,572
- Debts after one year -€50,911
down €50,911 (-10.7%), from €477,318 to €426,407
- Profit (loss) carried forward -€38,372
new in 2025: -€38,372
- Gross operating margin -€62,075
down €62,075 (-47.0%), from €131,952 to €69,877
- Taxes -€4,927
down €4,927 (-98.4%), from €5,006 to €79
- Provisions -€4,200
new in 2025: -€4,200
- Depreciation -€4,020
down €4,020 (-7.0%), from €57,171 to €53,152
- Staff costs +€3,804
up €3,804 (+9.4%), from €40,334 to €44,138
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 | €832,283 | €730,265 | -€102,018 | -12.3% |
| Fixed assets | 21/28 | €680,246 | €627,094 | -€53,152 | -7.8% |
| Tangible fixed assets | 22/27 | €680,246 | €627,094 | -€53,152 | -7.8% |
| Land and buildings | 22 | €656,977 | €609,761 | -€47,215 | -7.2% |
| Plant, machinery and equipment | 23 | €22,355 | €17,333 | -€5,023 | -22.5% |
| Furniture and vehicles | 24 | €914 | - | -€914 | |
| Current assets | 29/58 | €152,037 | €103,171 | -€48,867 | -32.1% |
| Amounts receivable within one year | 40/41 | €26,181 | €64,969 | +€38,788 | +148% |
| Trade receivables | 40 | €26,181 | €61,753 | +€35,572 | +136% |
| Other amounts receivable | 41 | - | €3,216 | +€3,216 | |
| Cash at bank and in hand | 54/58 | €103,144 | €19,146 | -€83,998 | -81.4% |
| Deferred charges and accrued income | 490/1 | €22,713 | €19,056 | -€3,657 | -16.1% |
| Total equity and liabilities | 10/49 | €832,283 | €730,265 | -€102,018 | -12.3% |
| Equity | 10/15 | €43,744 | €5,372 | -€38,372 | -87.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,144 | €25,144 | = | 0.0% |
| Distributable reserves | 133 | €25,144 | €25,144 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€38,372 | -€38,372 | |
| Provisions and deferred taxes | 16 | €4,200 | - | -€4,200 | |
| Provisions for liabilities and charges | 160/5 | €4,200 | - | -€4,200 | |
| Pensions and similar obligations | 160 | €4,200 | - | -€4,200 | |
| Amounts payable | 17/49 | €784,339 | €724,893 | -€59,447 | -7.6% |
| Amounts payable after more than one year | 17 | €477,318 | €426,407 | -€50,911 | -10.7% |
| Financial debts | 170/4 | €477,318 | €426,407 | -€50,911 | -10.7% |
| Amounts payable within one year | 42/48 | €307,022 | €298,486 | -€8,536 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €50,143 | €50,911 | +€768 | +1.5% |
| Trade debts | 44 | €16,511 | €16,551 | +€41 | +0.2% |
| Suppliers | 440/4 | €16,511 | €16,551 | +€41 | +0.2% |
| Taxes, remuneration and social security | 45 | €19,571 | €11,772 | -€7,799 | -39.8% |
| Taxes | 450/3 | €10,819 | €2,201 | -€8,618 | -79.7% |
| Remuneration and social security | 454/9 | €8,752 | €9,571 | +€819 | +9.4% |
| Other amounts payable | 47/48 | €220,797 | €219,251 | -€1,546 | -0.7% |
| Remuneration, social security and pensions | 62 | €40,334 | €44,138 | +€3,804 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,171 | €53,152 | -€4,020 | -7.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€4,200 | -€4,200 | |
| Other operating charges | 640/8 | €8,294 | €8,603 | +€309 | +3.7% |
| Gross operating margin | 9900 | €131,952 | €69,877 | -€62,075 | -47.0% |
| Operating profit (loss) | 9901 | €26,152 | -€31,816 | -€57,968 | |
| Financial income | 75/76B | €1,173 | €1,548 | +€375 | +32.0% |
| Recurring financial income | 75 | €1,173 | €1,548 | +€375 | +32.0% |
| Financial charges | 65/66B | €8,875 | €8,025 | -€850 | -9.6% |
| Recurring financial charges | 65 | €8,875 | €8,025 | -€850 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €18,450 | -€38,293 | -€56,743 | |
| Income taxes | 67/77 | €5,006 | €79 | -€4,927 | -98.4% |
| Profit (loss) for the period | 9904 | €13,444 | -€38,372 | -€51,816 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,444 | -€38,372 | -€51,816 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.