PP INVEST: 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 INVEST
Largest movements
- Cash +€60,723
up €60,723 (+114%), from €53,137 to €113,859
mainly Depreciation (+€40,476) and Net result for the year (+€39,480)
- Tangible fixed assets -€34,231
down €34,231 (-6.4%), from €531,651 to €497,420
of which Furniture and vehicles: -€22,886
- Other debts +€33,164
up €33,164 (+16.9%), from €196,018 to €229,182
- Reserves -€13,813
down €13,813 (-5.9%), from €234,984 to €221,171
of which Distributable reserves: -€13,813
- Accrued charges and deferred income +€11,167
new in 2025: €11,167
- Depreciation +€16,000
up €16,000 (+65.4%), from €24,476 to €40,476
- Gross operating margin +€13,170
up €13,170 (+13.2%), from €99,677 to €112,846
- Financial charges +€6,289
up €6,289 (+124%), from €5,059 to €11,348
- Taxes -€2,547
down €2,547 (-12.3%), from €20,782 to €18,234
- Other operating charges -€1,193
down €1,193 (-24.6%), from €4,847 to €3,655
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.
Derived cash bridge
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 | €610,200 | €636,671 | +€26,472 | +4.3% |
| Fixed assets | 21/28 | €531,651 | €497,420 | -€34,231 | -6.4% |
| Tangible fixed assets | 22/27 | €531,651 | €497,420 | -€34,231 | -6.4% |
| Land and buildings | 22 | €417,187 | €405,503 | -€11,684 | -2.8% |
| Plant, machinery and equipment | 23 | €4,331 | €4,670 | +€339 | +7.8% |
| Furniture and vehicles | 24 | €110,133 | €87,247 | -€22,886 | -20.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €78,549 | €139,251 | +€60,703 | +77.3% |
| Amounts receivable within one year | 40/41 | €23,225 | €22,210 | -€1,015 | -4.4% |
| Trade receivables | 40 | €22,022 | €22,022 | = | 0.0% |
| Other amounts receivable | 41 | €1,203 | €188 | -€1,015 | -84.4% |
| Cash at bank and in hand | 54/58 | €53,137 | €113,859 | +€60,723 | +114% |
| Deferred charges and accrued income | 490/1 | €2,187 | €3,182 | +€995 | +45.5% |
| Total equity and liabilities | 10/49 | €610,200 | €636,671 | +€26,472 | +4.3% |
| Equity | 10/15 | €395,484 | €381,671 | -€13,813 | -3.5% |
| Contributions | 10/11 | €160,500 | €160,500 | = | 0.0% |
| Reserves | 13 | €234,984 | €221,171 | -€13,813 | -5.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €219,984 | €206,171 | -€13,813 | -6.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €214,716 | €255,000 | +€40,285 | +18.8% |
| Amounts payable within one year | 42/48 | €214,716 | €243,834 | +€29,118 | +13.6% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €6,835 | €3,000 | -€3,836 | -56.1% |
| Suppliers | 440/4 | €6,835 | €3,000 | -€3,836 | -56.1% |
| Taxes, remuneration and social security | 45 | €11,863 | €11,652 | -€211 | -1.8% |
| Taxes | 450/3 | €11,863 | €11,652 | -€211 | -1.8% |
| Other amounts payable | 47/48 | €196,018 | €229,182 | +€33,164 | +16.9% |
| Accrued charges and deferred income | 492/3 | - | €11,167 | +€11,167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,476 | €40,476 | +€16,000 | +65.4% |
| Other operating charges | 640/8 | €4,847 | €3,655 | -€1,193 | -24.6% |
| Non-recurring operating charges | 66A | €4,515 | €0 | -€4,515 | -100% |
| Gross operating margin | 9900 | €99,677 | €112,846 | +€13,170 | +13.2% |
| Operating profit (loss) | 9901 | €65,838 | €68,716 | +€2,877 | +4.4% |
| Financial income | 75/76B | €185 | €347 | +€161 | +86.9% |
| Recurring financial income | 75 | €185 | €347 | +€161 | +86.9% |
| Financial charges | 65/66B | €5,059 | €11,348 | +€6,289 | +124% |
| Recurring financial charges | 65 | €5,059 | €11,348 | +€6,289 | +124% |
| Profit (loss) for the period before taxes | 9903 | €60,965 | €57,715 | -€3,250 | -5.3% |
| Income taxes | 67/77 | €20,782 | €18,234 | -€2,547 | -12.3% |
| Profit (loss) for the period | 9904 | €40,183 | €39,480 | -€703 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,183 | €39,480 | -€703 | -1.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.