PP Beheer: what changed
Two fiscal 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.
PP Beheer
Largest movements
- Receivables after one year +€165,302
up €165,302 (+21.1%), from €784,698 to €950,000
- Tangible fixed assets -€75,961
down €75,961 (-74.9%), from €101,367 to €25,406
of which Land and buildings: -€73,609
- Deferred charges and accrued income +€58,405
up €58,405 (+645.8%), from €9,043 to €67,449
- Cash -€41,553
down €41,553 (-19.3%), from €215,276 to €173,722
mainly Receivables after one year (-€165,302) and Contributions, distributions and other (-€110,833)
- Other debts +€109,749
up €109,749 (+1097.7%), from €9,998 to €119,747
- Reserves -€41,928
down €41,928 (-2.9%), from €1.5m to €1.4m
- Current portion of long-term debt +€33,517
up €33,517 (+43.7%), from €76,623 to €110,140
- Gross operating margin -€869,122
down €869,122 (-93.5%), from €929,799 to €60,678
- Taxes -€72,709
down €72,709 (-69.4%), from €104,736 to €32,027
- Financial income +€26,521
up €26,521 (+80.1%), from €33,114 to €59,635
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 | €1,769,607 | €1,869,133 | +€99,526 | +5.6% |
| Fixed assets | 21/28 | €620,283 | €543,905 | -€76,378 | -12.3% |
| Intangible fixed assets | 21 | €1,164 | €747 | -€417 | -35.9% |
| Tangible fixed assets | 22/27 | €101,367 | €25,406 | -€75,961 | -74.9% |
| Land and buildings | 22 | €75,961 | €2,352 | -€73,609 | -96.9% |
| Plant, machinery and equipment | 23 | €2,816 | €2,183 | -€633 | -22.5% |
| Furniture and vehicles | 24 | €18,722 | €17,003 | -€1,719 | -9.2% |
| Other tangible fixed assets | 26 | €3,867 | €3,867 | = | 0.0% |
| Financial fixed assets | 28 | €517,753 | €517,753 | = | 0.0% |
| Current assets | 29/58 | €1,149,324 | €1,325,228 | +€175,905 | +15.3% |
| Amounts receivable after more than one year | 29 | €784,698 | €950,000 | +€165,302 | +21.1% |
| Other amounts receivable | 291 | €784,698 | €950,000 | +€165,302 | +21.1% |
| Amounts receivable within one year | 40/41 | €140,306 | €134,057 | -€6,249 | -4.5% |
| Trade receivables | 40 | €30,406 | €31,353 | +€947 | +3.1% |
| Other amounts receivable | 41 | €109,900 | €102,705 | -€7,195 | -6.5% |
| Cash at bank and in hand | 54/58 | €215,276 | €173,722 | -€41,553 | -19.3% |
| Deferred charges and accrued income | 490/1 | €9,043 | €67,449 | +€58,405 | +645.8% |
| Total equity and liabilities | 10/49 | €1,769,607 | €1,869,133 | +€99,526 | +5.6% |
| Equity | 10/15 | €1,465,567 | €1,423,638 | -€41,928 | -2.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,453,167 | €1,411,238 | -€41,928 | -2.9% |
| Distributable reserves | 133 | €1,453,167 | €1,411,238 | -€41,928 | -2.9% |
| Amounts payable | 17/49 | €304,040 | €445,495 | +€141,455 | +46.5% |
| Amounts payable after more than one year | 17 | €117,400 | €108,259 | -€9,142 | -7.8% |
| Financial debts | 170/4 | €117,400 | €108,259 | -€9,142 | -7.8% |
| Amounts payable within one year | 42/48 | €186,068 | €336,872 | +€150,805 | +81.0% |
| Current portion of amounts payable after more than one year | 42 | €76,623 | €110,140 | +€33,517 | +43.7% |
| Trade debts | 44 | €2,299 | €2,220 | -€79 | -3.4% |
| Suppliers | 440/4 | €2,299 | €2,220 | -€79 | -3.4% |
| Taxes, remuneration and social security | 45 | €97,148 | €104,765 | +€7,617 | +7.8% |
| Taxes | 450/3 | €97,148 | €104,765 | +€7,617 | +7.8% |
| Other amounts payable | 47/48 | €9,998 | €119,747 | +€109,749 | +1097.7% |
| Accrued charges and deferred income | 492/3 | €572 | €364 | -€208 | -36.4% |
| Non-recurring operating income | 76A | €838,348 | €4,039 | -€834,310 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,870 | €9,154 | -€1,716 | -15.8% |
| Other operating charges | 640/8 | €2,348 | €1,788 | -€560 | -23.8% |
| Gross operating margin | 9900 | €929,799 | €60,678 | -€869,122 | -93.5% |
| Operating profit (loss) | 9901 | €916,581 | €49,735 | -€866,846 | -94.6% |
| Financial income | 75/76B | €33,114 | €59,635 | +€26,521 | +80.1% |
| Recurring financial income | 75 | €33,114 | €59,635 | +€26,521 | +80.1% |
| Financial charges | 65/66B | €17,300 | €8,438 | -€8,862 | -51.2% |
| Recurring financial charges | 65 | €17,300 | €7,688 | -€9,612 | -55.6% |
| Non-recurring financial charges | 66B | - | €750 | +€750 | |
| Profit (loss) for the period before taxes | 9903 | €932,395 | €100,932 | -€831,463 | -89.2% |
| Income taxes | 67/77 | €104,736 | €32,027 | -€72,709 | -69.4% |
| Profit (loss) for the period | 9904 | €827,659 | €68,905 | -€758,754 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €827,659 | €68,905 | -€758,754 | -91.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.