PP concept: 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 concept
Largest movements
- Cash +€531,452
up €531,452 (+1048.1%), from €50,707 to €582,159
mainly Net result for the year (+€542,164) and Receivables within one year (+€103,142)
- Receivables within one year -€103,142
down €103,142 (-60.2%), from €171,389 to €68,247
of which Other amounts receivable: -€104,754
- Tangible fixed assets +€88,427
up €88,427 (+84.2%), from €104,984 to €193,411
of which Plant, machinery and equipment: +€113,364
- Profit (loss) carried forward +€542,164
up €542,164 (+543.7%), from €99,724 to €641,888
- Debts after one year -€25,000
down €25,000 (-6.0%), from €414,616 to €389,616
- Financial income +€480,000
up €480,000 (+102127559.6%), from €0 to €480,000
of which Financial income: +€480,000
- Gross operating margin +€76,822
up €76,822 (+76.2%), from €100,785 to €177,607
- Depreciation +€24,475
up €24,475 (+43.9%), from €55,781 to €80,256
- Taxes +€10,366
up €10,366 (+197.3%), from €5,254 to €15,620
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 | €525,391 | €1,041,939 | +€516,548 | +98.3% |
| Fixed assets | 21/28 | €289,579 | €378,006 | +€88,427 | +30.5% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €104,984 | €193,411 | +€88,427 | +84.2% |
| Plant, machinery and equipment | 23 | €38,688 | €152,052 | +€113,364 | +293.0% |
| Furniture and vehicles | 24 | €66,297 | €41,359 | -€24,937 | -37.6% |
| Financial fixed assets | 28 | €184,595 | €184,595 | = | 0.0% |
| Current assets | 29/58 | €235,812 | €663,933 | +€428,121 | +181.6% |
| Stocks and contracts in progress | 3 | €7,750 | €7,750 | = | 0.0% |
| Stocks | 30/36 | €7,750 | €7,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €171,389 | €68,247 | -€103,142 | -60.2% |
| Trade receivables | 40 | €15,787 | €17,399 | +€1,612 | +10.2% |
| Other amounts receivable | 41 | €155,602 | €50,848 | -€104,754 | -67.3% |
| Cash at bank and in hand | 54/58 | €50,707 | €582,159 | +€531,452 | +1048.1% |
| Deferred charges and accrued income | 490/1 | €5,966 | €5,777 | -€189 | -3.2% |
| Total equity and liabilities | 10/49 | €525,391 | €1,041,939 | +€516,548 | +98.3% |
| Equity | 10/15 | €104,724 | €646,888 | +€542,164 | +517.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,724 | €641,888 | +€542,164 | +543.7% |
| Amounts payable | 17/49 | €420,667 | €395,051 | -€25,616 | -6.1% |
| Amounts payable after more than one year | 17 | €414,616 | €389,616 | -€25,000 | -6.0% |
| Financial debts | 170/4 | €414,616 | €389,616 | -€25,000 | -6.0% |
| Amounts payable within one year | 42/48 | €6,051 | €5,435 | -€616 | -10.2% |
| Trade debts | 44 | €951 | €2,403 | +€1,452 | +152.6% |
| Suppliers | 440/4 | €951 | €2,403 | +€1,452 | +152.6% |
| Taxes, remuneration and social security | 45 | €5,100 | €3,032 | -€2,068 | -40.5% |
| Taxes | 450/3 | €2,852 | €758 | -€2,094 | -73.4% |
| Remuneration and social security | 454/9 | €2,248 | €2,274 | +€26 | +1.2% |
| Remuneration, social security and pensions | 62 | €18,183 | €18,329 | +€146 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,781 | €80,256 | +€24,475 | +43.9% |
| Other operating charges | 640/8 | €636 | €1,085 | +€449 | +70.6% |
| Gross operating margin | 9900 | €100,785 | €177,607 | +€76,822 | +76.2% |
| Operating profit (loss) | 9901 | €26,185 | €77,937 | +€51,752 | +197.6% |
| Financial income | 75/76B | €0 | €480,000 | +€480,000 | +102127559.6% |
| Recurring financial income | 75 | €0 | €480,000 | +€480,000 | +102127559.6% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €117 | €153 | +€36 | +30.5% |
| Recurring financial charges | 65 | €117 | €153 | +€36 | +30.5% |
| Non-recurring financial charges | 66B | €117 | €153 | +€36 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €26,068 | €557,784 | +€531,716 | +2039.7% |
| Income taxes | 67/77 | €5,254 | €15,620 | +€10,366 | +197.3% |
| Profit (loss) for the period | 9904 | €20,814 | €542,164 | +€521,349 | +2504.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,814 | €542,164 | +€521,349 | +2504.8% |
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 12 October 2026 via checked.be.