PP SOLUTIONS: 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 SOLUTIONS
Largest movements
- Tangible fixed assets +€27,361
up €27,361 (+149.3%), from €18,326 to €45,687
of which Other tangible fixed assets: +€28,411
- Receivables within one year -€16,564
down €16,564 (-45.2%), from €36,673 to €20,109
of which Trade receivables: -€11,666
- Cash +€7,139
up €7,139 (+15.7%), from €45,551 to €52,690
mainly Other debts (+€32,255) and Receivables within one year (+€16,564)
- Intangible fixed assets -€6,052
down €6,052 (-32.5%), from €18,612 to €12,560
- Other debts +€32,255
new in 2025: €32,255
- Reserves -€20,102
down €20,102 (-16.3%), from €123,298 to €103,196
- Gross operating margin +€22,828
up €22,828 (+88.5%), from €25,803 to €48,631
- Write-downs +€14,066
new in 2025: €14,066
- Depreciation +€3,766
up €3,766 (+44.2%), from €8,525 to €12,290
- Taxes +€1,898
up €1,898 (+39.7%), from €4,784 to €6,682
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 | €138,069 | €150,772 | +€12,703 | +9.2% |
| Fixed assets | 21/28 | €36,938 | €58,247 | +€21,309 | +57.7% |
| Intangible fixed assets | 21 | €18,612 | €12,560 | -€6,052 | -32.5% |
| Tangible fixed assets | 22/27 | €18,326 | €45,687 | +€27,361 | +149.3% |
| Plant, machinery and equipment | 23 | €3,965 | €4,631 | +€665 | +16.8% |
| Furniture and vehicles | 24 | €7,851 | €6,136 | -€1,715 | -21.8% |
| Other tangible fixed assets | 26 | €6,510 | €34,920 | +€28,411 | +436.4% |
| Current assets | 29/58 | €101,131 | €92,526 | -€8,606 | -8.5% |
| Amounts receivable after more than one year | 29 | - | €84 | +€84 | |
| Other amounts receivable | 291 | - | €84 | +€84 | |
| Stocks and contracts in progress | 3 | €17,491 | €18,358 | +€868 | +5.0% |
| Stocks | 30/36 | €17,491 | €18,358 | +€868 | +5.0% |
| Amounts receivable within one year | 40/41 | €36,673 | €20,109 | -€16,564 | -45.2% |
| Trade receivables | 40 | €27,457 | €15,791 | -€11,666 | -42.5% |
| Other amounts receivable | 41 | €9,216 | €4,318 | -€4,898 | -53.1% |
| Cash at bank and in hand | 54/58 | €45,551 | €52,690 | +€7,139 | +15.7% |
| Deferred charges and accrued income | 490/1 | €1,417 | €1,285 | -€132 | -9.3% |
| Total equity and liabilities | 10/49 | €138,069 | €150,772 | +€12,703 | +9.2% |
| Equity | 10/15 | €129,498 | €109,396 | -€20,102 | -15.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €123,298 | €103,196 | -€20,102 | -16.3% |
| Distributable reserves | 133 | €123,298 | €103,196 | -€20,102 | -16.3% |
| Amounts payable | 17/49 | €8,571 | €41,376 | +€32,805 | +382.7% |
| Amounts payable after more than one year | 17 | €532 | - | -€532 | |
| Other amounts payable | 178/9 | €532 | - | -€532 | |
| Amounts payable within one year | 42/48 | €8,040 | €41,376 | +€33,336 | +414.6% |
| Trade debts | 44 | €632 | €462 | -€170 | -26.9% |
| Suppliers | 440/4 | €632 | €462 | -€170 | -26.9% |
| Taxes, remuneration and social security | 45 | €7,408 | €8,660 | +€1,251 | +16.9% |
| Taxes | 450/3 | €7,408 | €8,660 | +€1,251 | +16.9% |
| Other amounts payable | 47/48 | - | €32,255 | +€32,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,525 | €12,290 | +€3,766 | +44.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,066 | +€14,066 | |
| Other operating charges | 640/8 | €731 | €745 | +€15 | +2.0% |
| Gross operating margin | 9900 | €25,803 | €48,631 | +€22,828 | +88.5% |
| Operating profit (loss) | 9901 | €16,548 | €21,529 | +€4,981 | +30.1% |
| Financial income | 75/76B | €20 | €30 | +€10 | +47.1% |
| Recurring financial income | 75 | €20 | €30 | +€10 | +47.1% |
| Financial charges | 65/66B | €747 | €608 | -€139 | -18.6% |
| Recurring financial charges | 65 | €747 | €608 | -€139 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €15,821 | €20,951 | +€5,130 | +32.4% |
| Income taxes | 67/77 | €4,784 | €6,682 | +€1,898 | +39.7% |
| Profit (loss) for the period | 9904 | €11,037 | €14,269 | +€3,232 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,037 | €14,269 | +€3,232 | +29.3% |
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 9 October 2026 via checked.be.