PP ADVISORY AND CONSULTING: what changed
PP ADVISORY AND CONSULTING
Largest movements
- Intangible fixed assets -€12,800
down €12,800 (-20.0%), from €64,000 to €51,200
- Tangible fixed assets -€10,644
down €10,644 (-5.8%), from €184,971 to €174,327
of which Land and buildings: -€9,237
- Cash -€8,118
down €8,118 (-73.6%), from €11,029 to €2,911
mainly Debts after one year (-€15,998) and Net result for the year (-€14,252)
- Receivables within one year +€2,992
up €2,992 (+29.8%), from €10,056 to €13,048
of which Trade receivables: +€2,570
- Debts after one year -€15,998
down €15,998 (-11.7%), from €136,877 to €120,878
- Advances received +€12,100
new in 2025: €12,100
- Reserves -€8,864
no longer reported in 2025 (was €8,864)
- Profit (loss) carried forward -€5,387
new in 2025: -€5,387
- Tax, wage and social debts -€4,851
down €4,851 (-42.3%), from €11,470 to €6,620
- Staff costs +€43,095
new in 2025: €43,095
- Gross operating margin +€24,765
up €24,765 (+67.4%), from €36,717 to €61,482
- Taxes -€2,972
down €2,972 (-91.3%), from €3,253 to €282
- Financial charges -€1,605
down €1,605 (-17.0%), from €9,464 to €7,859
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €274,693 | €247,089 | -€27,604 | -10.0% |
| Fixed assets | 21/28 | €253,609 | €230,165 | -€23,444 | -9.2% |
| Intangible fixed assets | 21 | €64,000 | €51,200 | -€12,800 | -20.0% |
| Tangible fixed assets | 22/27 | €184,971 | €174,327 | -€10,644 | -5.8% |
| Land and buildings | 22 | €179,883 | €170,646 | -€9,237 | -5.1% |
| Furniture and vehicles | 24 | €5,088 | €3,681 | -€1,407 | -27.7% |
| Financial fixed assets | 28 | €4,637 | €4,637 | = | 0.0% |
| Current assets | 29/58 | €21,084 | €16,924 | -€4,161 | -19.7% |
| Amounts receivable within one year | 40/41 | €10,056 | €13,048 | +€2,992 | +29.8% |
| Trade receivables | 40 | €10,056 | €12,625 | +€2,570 | +25.6% |
| Other amounts receivable | 41 | - | €423 | +€423 | |
| Cash at bank and in hand | 54/58 | €11,029 | €2,911 | -€8,118 | -73.6% |
| Deferred charges and accrued income | 490/1 | - | €965 | +€965 | |
| Total equity and liabilities | 10/49 | €274,693 | €247,089 | -€27,604 | -10.0% |
| Equity | 10/15 | €13,864 | -€387 | -€14,252 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,864 | - | -€8,864 | |
| Distributable reserves | 133 | €8,864 | - | -€8,864 | |
| Profit (loss) carried forward | 14 | - | -€5,387 | -€5,387 | |
| Amounts payable | 17/49 | €260,829 | €247,476 | -€13,353 | -5.1% |
| Amounts payable after more than one year | 17 | €136,877 | €120,878 | -€15,998 | -11.7% |
| Financial debts | 170/4 | €136,877 | €120,878 | -€15,998 | -11.7% |
| Amounts payable within one year | 42/48 | €123,952 | €126,488 | +€2,536 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €18,924 | €15,998 | -€2,925 | -15.5% |
| Trade debts | 44 | €16,659 | €14,392 | -€2,267 | -13.6% |
| Suppliers | 440/4 | €16,659 | €14,392 | -€2,267 | -13.6% |
| Advances received on contracts in progress | 46 | - | €12,100 | +€12,100 | |
| Taxes, remuneration and social security | 45 | €11,470 | €6,620 | -€4,851 | -42.3% |
| Taxes | 450/3 | €11,470 | €6,620 | -€4,851 | -42.3% |
| Other amounts payable | 47/48 | €76,898 | €77,377 | +€479 | +0.6% |
| Accrued charges and deferred income | 492/3 | - | €110 | +€110 | |
| Remuneration, social security and pensions | 62 | - | €43,095 | +€43,095 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,444 | €23,444 | = | 0.0% |
| Other operating charges | 640/8 | €618 | €1,058 | +€440 | +71.2% |
| Gross operating margin | 9900 | €36,717 | €61,482 | +€24,765 | +67.4% |
| Operating profit (loss) | 9901 | €12,656 | -€6,114 | -€18,770 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €9,464 | €7,859 | -€1,605 | -17.0% |
| Recurring financial charges | 65 | €9,464 | €7,859 | -€1,605 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €3,192 | -€13,970 | -€17,162 | |
| Income taxes | 67/77 | €3,253 | €282 | -€2,972 | -91.3% |
| Profit (loss) for the period | 9904 | -€62 | -€14,252 | -€14,190 | -22,938% |
| Profit (loss) for the period to be appropriated | 9905 | -€62 | -€14,252 | -€14,190 | -22,938% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.