PP's Tel&IT: 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's Tel&IT
Largest movements
- Cash +€30,455
up €30,455 (+8,411%), from €362 to €30,817
mainly Net result for the year (+€51,724) and Depreciation (+€2,807)
- Receivables within one year +€6,795
up €6,795 (+7.3%), from €93,711 to €100,506
of which Other amounts receivable: +€35,109
- Profit (loss) carried forward +€51,724
up €51,724 (+146%), from €35,537 to €87,261
- Tax, wage and social debts -€15,916
down €15,916 (-59.8%), from €26,612 to €10,696
- Gross operating margin +€13,890
up €13,890 (+26.9%), from €51,715 to €65,605
- Taxes -€2,311
down €2,311 (-14.4%), from €16,058 to €13,747
- Financial income +€2,183
up €2,183 (+82.6%), from €2,644 to €4,827
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,421 | €138,968 | +€36,548 | +35.7% |
| Fixed assets | 21/28 | €8,235 | €6,967 | -€1,268 | -15.4% |
| Intangible fixed assets | 21 | €80 | €70 | -€10 | -12.5% |
| Tangible fixed assets | 22/27 | €8,155 | €6,897 | -€1,258 | -15.4% |
| Plant, machinery and equipment | 23 | €2,128 | €1,634 | -€494 | -23.2% |
| Furniture and vehicles | 24 | €6,026 | €5,262 | -€764 | -12.7% |
| Current assets | 29/58 | €94,186 | €132,002 | +€37,816 | +40.1% |
| Amounts receivable within one year | 40/41 | €93,711 | €100,506 | +€6,795 | +7.3% |
| Trade receivables | 40 | €30,274 | €1,960 | -€28,314 | -93.5% |
| Other amounts receivable | 41 | €63,437 | €98,546 | +€35,109 | +55.3% |
| Cash at bank and in hand | 54/58 | €362 | €30,817 | +€30,455 | +8,411% |
| Deferred charges and accrued income | 490/1 | €113 | €678 | +€565 | +499% |
| Total equity and liabilities | 10/49 | €102,421 | €138,968 | +€36,548 | +35.7% |
| Equity | 10/15 | €73,741 | €125,465 | +€51,724 | +70.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €33,204 | €33,204 | = | 0.0% |
| Distributable reserves | 133 | €33,204 | €33,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,537 | €87,261 | +€51,724 | +146% |
| Amounts payable | 17/49 | €28,679 | €13,503 | -€15,176 | -52.9% |
| Amounts payable within one year | 42/48 | €28,679 | €13,464 | -€15,215 | -53.1% |
| Financial debts | 43 | €9 | €23 | +€14 | +152% |
| Credit institutions | 430/8 | €9 | €23 | +€14 | +152% |
| Trade debts | 44 | €2,058 | €2,745 | +€687 | +33.4% |
| Suppliers | 440/4 | €2,058 | €2,745 | +€687 | +33.4% |
| Taxes, remuneration and social security | 45 | €26,612 | €10,696 | -€15,916 | -59.8% |
| Taxes | 450/3 | €26,612 | €10,696 | -€15,916 | -59.8% |
| Accrued charges and deferred income | 492/3 | - | €39 | +€39 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,395 | €2,807 | -€589 | -17.3% |
| Other operating charges | 640/8 | €183 | €540 | +€356 | +195% |
| Gross operating margin | 9900 | €51,715 | €65,605 | +€13,890 | +26.9% |
| Operating profit (loss) | 9901 | €48,137 | €62,259 | +€14,122 | +29.3% |
| Financial income | 75/76B | €2,644 | €4,827 | +€2,183 | +82.6% |
| Recurring financial income | 75 | €2,644 | €4,827 | +€2,183 | +82.6% |
| Financial charges | 65/66B | €1,519 | €1,614 | +€96 | +6.3% |
| Recurring financial charges | 65 | €1,519 | €1,614 | +€96 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €49,262 | €65,471 | +€16,210 | +32.9% |
| Income taxes | 67/77 | €16,058 | €13,747 | -€2,311 | -14.4% |
| Profit (loss) for the period | 9904 | €33,204 | €51,724 | +€18,520 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,204 | €51,724 | +€18,520 | +55.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.