PP SERVICE: 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 SERVICE
Largest movements
- Receivables within one year -€190,924
down €190,924 (-44.5%), from €429,228 to €238,304
of which Trade receivables: -€207,310
- Cash +€100,901
up €100,901 (+68.7%), from €146,893 to €247,795
mainly Receivables within one year (+€190,924) and Net result for the year (+€99,213)
- Trade debts -€202,643
down €202,643 (-58.6%), from €345,619 to €142,976
- Reserves +€99,213
up €99,213 (+48.6%), from €204,153 to €303,366
- Tax, wage and social debts +€13,407
up €13,407 (+82.0%), from €16,349 to €29,756
- Gross operating margin +€45,628
up €45,628 (+56.6%), from €80,674 to €126,302
- Taxes +€11,058
up €11,058 (+67.6%), from €16,349 to €27,407
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 | €576,121 | €486,098 | -€90,023 | -15.6% |
| Current assets | 29/58 | €576,121 | €486,098 | -€90,023 | -15.6% |
| Amounts receivable within one year | 40/41 | €429,228 | €238,304 | -€190,924 | -44.5% |
| Trade receivables | 40 | €410,812 | €203,502 | -€207,310 | -50.5% |
| Other amounts receivable | 41 | €18,416 | €34,802 | +€16,386 | +89.0% |
| Cash at bank and in hand | 54/58 | €146,893 | €247,795 | +€100,901 | +68.7% |
| Total equity and liabilities | 10/49 | €576,121 | €486,098 | -€90,023 | -15.6% |
| Equity | 10/15 | €214,153 | €313,366 | +€99,213 | +46.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €204,153 | €303,366 | +€99,213 | +48.6% |
| Distributable reserves | 133 | €204,153 | €303,366 | +€99,213 | +48.6% |
| Amounts payable | 17/49 | €361,968 | €172,732 | -€189,236 | -52.3% |
| Amounts payable within one year | 42/48 | €361,968 | €172,732 | -€189,236 | -52.3% |
| Trade debts | 44 | €345,619 | €142,976 | -€202,643 | -58.6% |
| Suppliers | 440/4 | €345,619 | €142,976 | -€202,643 | -58.6% |
| Taxes, remuneration and social security | 45 | €16,349 | €29,756 | +€13,407 | +82.0% |
| Taxes | 450/3 | €16,349 | €29,756 | +€13,407 | +82.0% |
| Other operating charges | 640/8 | €688 | €544 | -€144 | -20.9% |
| Gross operating margin | 9900 | €80,674 | €126,302 | +€45,628 | +56.6% |
| Operating profit (loss) | 9901 | €79,986 | €125,758 | +€45,772 | +57.2% |
| Financial income | 75/76B | €1,890 | €1,085 | -€806 | -42.6% |
| Recurring financial income | 75 | €1,890 | €1,085 | -€806 | -42.6% |
| Financial charges | 65/66B | €130 | €223 | +€93 | +71.6% |
| Recurring financial charges | 65 | €130 | €223 | +€93 | +71.6% |
| Profit (loss) for the period before taxes | 9903 | €81,746 | €126,620 | +€44,874 | +54.9% |
| Income taxes | 67/77 | €16,349 | €27,407 | +€11,058 | +67.6% |
| Profit (loss) for the period | 9904 | €65,397 | €99,213 | +€33,816 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,397 | €99,213 | +€33,816 | +51.7% |
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.