PP & CO: 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.
PP & CO
Largest movements
- Cash -€8,110
down €8,110 (-68.1%), from €11,916 to €3,806
mainly Other debts (-€8,638) and Investment in fixed assets (net) (-€4,869)
- Financial fixed assets +€4,869
up €4,869 (+355.3%), from €1,371 to €6,240
- Receivables within one year -€3,437
down €3,437 (-96.2%), from €3,572 to €134
of which Trade receivables: -€2,814
- Other debts -€8,638
down €8,638 (-25.3%), from €34,180 to €25,542
- Profit (loss) carried forward +€6,639
up €6,639 (+7.1%), from -€93,226 to -€86,587
- Tax, wage and social debts -€3,896
down €3,896 (-16.0%), from €24,330 to €20,433
of which Remuneration and social security: -€5,039
- Trade debts -€893
down €893 (-2.7%), from €33,512 to €32,619
- Staff costs -€21,119
down €21,119 (-43.4%), from €48,669 to €27,550
- Gross operating margin +€18,078
up €18,078 (+48.0%), from €37,627 to €55,706
- Other operating charges +€13,587
new in 2025: €13,587
- Taxes +€6,819
new in 2025: €6,819
- Financial charges +€846
up €846 (+552.1%), from €153 to €1,000
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 | €17,395 | €10,607 | -€6,789 | -39.0% |
| Fixed assets | 21/28 | €1,908 | €6,666 | +€4,758 | +249.4% |
| Tangible fixed assets | 22/27 | €537 | €426 | -€111 | -20.7% |
| Plant, machinery and equipment | 23 | €119 | €92 | -€28 | -23.1% |
| Furniture and vehicles | 24 | €418 | €334 | -€84 | -20.0% |
| Financial fixed assets | 28 | €1,371 | €6,240 | +€4,869 | +355.3% |
| Current assets | 29/58 | €15,487 | €3,940 | -€11,547 | -74.6% |
| Amounts receivable within one year | 40/41 | €3,572 | €134 | -€3,437 | -96.2% |
| Trade receivables | 40 | €2,814 | - | -€2,814 | |
| Other amounts receivable | 41 | €758 | €134 | -€623 | -82.3% |
| Cash at bank and in hand | 54/58 | €11,916 | €3,806 | -€8,110 | -68.1% |
| Total equity and liabilities | 10/49 | €17,395 | €10,607 | -€6,789 | -39.0% |
| Equity | 10/15 | -€74,626 | -€67,987 | +€6,639 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,226 | -€86,587 | +€6,639 | +7.1% |
| Amounts payable | 17/49 | €92,021 | €78,594 | -€13,427 | -14.6% |
| Amounts payable within one year | 42/48 | €92,021 | €78,594 | -€13,427 | -14.6% |
| Trade debts | 44 | €33,512 | €32,619 | -€893 | -2.7% |
| Suppliers | 440/4 | €33,512 | €32,619 | -€893 | -2.7% |
| Taxes, remuneration and social security | 45 | €24,330 | €20,433 | -€3,896 | -16.0% |
| Taxes | 450/3 | €19,291 | €20,433 | +€1,143 | +5.9% |
| Remuneration and social security | 454/9 | €5,039 | - | -€5,039 | |
| Other amounts payable | 47/48 | €34,180 | €25,542 | -€8,638 | -25.3% |
| Remuneration, social security and pensions | 62 | €48,669 | €27,550 | -€21,119 | -43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111 | €111 | = | 0.0% |
| Other operating charges | 640/8 | - | €13,587 | +€13,587 | |
| Gross operating margin | 9900 | €37,627 | €55,706 | +€18,078 | +48.0% |
| Operating profit (loss) | 9901 | -€11,153 | €14,457 | +€25,610 | |
| Financial charges | 65/66B | €153 | €1,000 | +€846 | +552.1% |
| Recurring financial charges | 65 | €153 | €1,000 | +€846 | +552.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,306 | €13,458 | +€24,764 | |
| Income taxes | 67/77 | - | €6,819 | +€6,819 | |
| Profit (loss) for the period | 9904 | -€11,306 | €6,639 | +€17,945 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,306 | €6,639 | +€17,945 |
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 10 October 2026 via checked.be.