PP&E: 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&E
Largest movements
- Cash +€34,116
up €34,116 (+133.4%), from €25,584 to €59,700
mainly Net result for the year (+€31,122) and Receivables within one year (+€11,610)
- Receivables within one year -€11,610
down €11,610 (-37.1%), from €31,254 to €19,644
of which Trade receivables: -€11,605
- Current investments +€3,240
up €3,240 (+2.7%), from €120,000 to €123,240
- Reserves +€12,445
up €12,445 (+8.5%), from €147,260 to €159,705
- Other debts +€9,539
up €9,539 (+84.7%), from €11,257 to €20,796
- Tax, wage and social debts +€3,115
up €3,115 (+47.8%), from €6,517 to €9,632
of which Remuneration and social security: +€2,908
- Gross operating margin -€22,114
down €22,114 (-38.1%), from €58,104 to €35,991
- Financial income +€9,660
new in 2025: €9,660
- Taxes -€3,374
down €3,374 (-21.1%), from €16,024 to €12,650
- Depreciation +€649
up €649 (+167.7%), from €387 to €1,037
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 | €179,856 | €204,024 | +€24,168 | +13.4% |
| Fixed assets | 21/28 | €2,413 | €1,377 | -€1,037 | -43.0% |
| Tangible fixed assets | 22/27 | €2,413 | €1,377 | -€1,037 | -43.0% |
| Furniture and vehicles | 24 | €2,413 | €1,377 | -€1,037 | -43.0% |
| Current assets | 29/58 | €177,443 | €202,647 | +€25,204 | +14.2% |
| Amounts receivable within one year | 40/41 | €31,254 | €19,644 | -€11,610 | -37.1% |
| Trade receivables | 40 | €31,249 | €19,644 | -€11,605 | -37.1% |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Current investments | 50/53 | €120,000 | €123,240 | +€3,240 | +2.7% |
| Cash at bank and in hand | 54/58 | €25,584 | €59,700 | +€34,116 | +133.4% |
| Deferred charges and accrued income | 490/1 | €605 | €63 | -€542 | -89.6% |
| Total equity and liabilities | 10/49 | €179,856 | €204,024 | +€24,168 | +13.4% |
| Equity | 10/15 | €160,409 | €172,854 | +€12,445 | +7.8% |
| Contributions | 10/11 | €13,149 | €13,149 | = | 0.0% |
| Reserves | 13 | €147,260 | €159,705 | +€12,445 | +8.5% |
| Distributable reserves | 133 | €147,260 | €159,705 | +€12,445 | +8.5% |
| Amounts payable | 17/49 | €19,447 | €31,170 | +€11,723 | +60.3% |
| Amounts payable within one year | 42/48 | €19,447 | €30,839 | +€11,392 | +58.6% |
| Trade debts | 44 | €1,673 | €411 | -€1,262 | -75.4% |
| Suppliers | 440/4 | €1,673 | €411 | -€1,262 | -75.4% |
| Taxes, remuneration and social security | 45 | €6,517 | €9,632 | +€3,115 | +47.8% |
| Taxes | 450/3 | €6,517 | €6,724 | +€207 | +3.2% |
| Remuneration and social security | 454/9 | - | €2,908 | +€2,908 | |
| Other amounts payable | 47/48 | €11,257 | €20,796 | +€9,539 | +84.7% |
| Accrued charges and deferred income | 492/3 | - | €331 | +€331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387 | €1,037 | +€649 | +167.7% |
| Other operating charges | 640/8 | €556 | €565 | +€9 | +1.6% |
| Gross operating margin | 9900 | €58,104 | €35,991 | -€22,114 | -38.1% |
| Operating profit (loss) | 9901 | €57,161 | €34,389 | -€22,772 | -39.8% |
| Financial income | 75/76B | - | €9,660 | +€9,660 | |
| Recurring financial income | 75 | - | €9,660 | +€9,660 | |
| Financial charges | 65/66B | €206 | €278 | +€71 | +34.5% |
| Recurring financial charges | 65 | €206 | €278 | +€71 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €56,954 | €43,772 | -€13,183 | -23.1% |
| Income taxes | 67/77 | €16,024 | €12,650 | -€3,374 | -21.1% |
| Profit (loss) for the period | 9904 | €40,931 | €31,122 | -€9,809 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,931 | €31,122 | -€9,809 | -24.0% |
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.