PNPROPERTIES: 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.
PNPROPERTIES
Largest movements
- Receivables within one year +€16,255
up €16,255 (+1,740%), from €934 to €17,189
of which Trade receivables: +€16,293
- Deferred charges and accrued income +€384
new in 2025: €384
- Profit (loss) carried forward +€16,471
up €16,471 (+52.4%), from -€31,463 to -€14,992
- Short-term financial debts -€6,803
no longer reported in 2025 (was €6,803)
- Trade debts +€5,490
up €5,490 (+156%), from €3,525 to €9,014
- Tax, wage and social debts +€4,215
up €4,215 (+369%), from €1,142 to €5,357
- Accrued charges and deferred income -€2,875
no longer reported in 2025 (was €2,875)
- Gross operating margin +€30,647
up €30,647, from -€11,920 to €18,727
- Taxes +€723
up €723 (+7,225,900%), from €0 to €723
- Financial charges +€346
up €346 (+105%), from €331 to €677
- Other operating charges +€253
up €253 (+60.1%), from €420 to €673
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 | €2,101 | €18,600 | +€16,498 | +785% |
| Fixed assets | 21/28 | €1,107 | €924 | -€183 | -16.5% |
| Tangible fixed assets | 22/27 | €1,107 | €924 | -€183 | -16.5% |
| Plant, machinery and equipment | 23 | €1,107 | €924 | -€183 | -16.5% |
| Current assets | 29/58 | €994 | €17,676 | +€16,681 | +1,678% |
| Amounts receivable within one year | 40/41 | €934 | €17,189 | +€16,255 | +1,740% |
| Trade receivables | 40 | - | €16,293 | +€16,293 | |
| Other amounts receivable | 41 | €934 | €896 | -€38 | -4.0% |
| Cash at bank and in hand | 54/58 | €60 | €103 | +€42 | +70.7% |
| Deferred charges and accrued income | 490/1 | - | €384 | +€384 | |
| Total equity and liabilities | 10/49 | €2,101 | €18,600 | +€16,498 | +785% |
| Equity | 10/15 | -€12,243 | €4,228 | +€16,471 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,463 | -€14,992 | +€16,471 | +52.4% |
| Amounts payable | 17/49 | €14,344 | €14,372 | +€27 | +0.2% |
| Amounts payable within one year | 42/48 | €11,469 | €14,372 | +€2,902 | +25.3% |
| Financial debts | 43 | €6,803 | - | -€6,803 | |
| Credit institutions | 430/8 | €6,803 | - | -€6,803 | |
| Trade debts | 44 | €3,525 | €9,014 | +€5,490 | +156% |
| Suppliers | 440/4 | €3,525 | €9,014 | +€5,490 | +156% |
| Taxes, remuneration and social security | 45 | €1,142 | €5,357 | +€4,215 | +369% |
| Taxes | 450/3 | €1,142 | €5,357 | +€4,215 | +369% |
| Accrued charges and deferred income | 492/3 | €2,875 | - | -€2,875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183 | €183 | = | 0.0% |
| Other operating charges | 640/8 | €420 | €673 | +€253 | +60.1% |
| Gross operating margin | 9900 | -€11,920 | €18,727 | +€30,647 | |
| Operating profit (loss) | 9901 | -€12,524 | €17,871 | +€30,394 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €331 | €677 | +€346 | +105% |
| Recurring financial charges | 65 | €331 | €677 | +€346 | +105% |
| Profit (loss) for the period before taxes | 9903 | -€12,854 | €17,194 | +€30,048 | |
| Income taxes | 67/77 | €0 | €723 | +€723 | +7,225,900% |
| Profit (loss) for the period | 9904 | -€12,854 | €16,471 | +€29,326 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,854 | €16,471 | +€29,326 |
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 14 October 2026 via checked.be.