PPC Belgium: 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.
PPC Belgium
Largest movements
- Receivables within one year -€55,654
down €55,654 (-93.2%), from €59,737 to €4,083
of which Other amounts receivable: -€56,423
- Tangible fixed assets -€53,946
down €53,946 (-13.5%), from €399,595 to €345,649
of which Other tangible fixed assets: -€55,126
- Cash +€50,311
up €50,311 (+866%), from €5,813 to €56,124
mainly Depreciation (+€75,536) and Receivables within one year (+€55,654)
- Stocks and contracts -€48,498
down €48,498 (-19.7%), from €246,750 to €198,252
- Intangible fixed assets -€10,770
down €10,770 (-25.5%), from €42,196 to €31,426
- Other debts -€196,960
down €196,960 (-39.1%), from €503,375 to €306,415
- Tax, wage and social debts +€47,906
up €47,906 (+116%), from €41,164 to €89,070
of which Remuneration and social security: +€40,717
- Profit (loss) carried forward +€8,951
up €8,951 (+4.0%), from €225,196 to €234,146
- Gross operating margin +€251,245
up €251,245 (+67.1%), from €374,199 to €625,444
- Staff costs +€244,485
up €244,485 (+92.0%), from €265,670 to €510,155
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 | €782,047 | €653,534 | -€128,513 | -16.4% |
| Fixed assets | 21/28 | €459,791 | €395,076 | -€64,715 | -14.1% |
| Intangible fixed assets | 21 | €42,196 | €31,426 | -€10,770 | -25.5% |
| Tangible fixed assets | 22/27 | €399,595 | €345,649 | -€53,946 | -13.5% |
| Furniture and vehicles | 24 | €3,893 | €5,073 | +€1,180 | +30.3% |
| Other tangible fixed assets | 26 | €395,702 | €340,576 | -€55,126 | -13.9% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €322,256 | €258,459 | -€63,798 | -19.8% |
| Stocks and contracts in progress | 3 | €246,750 | €198,252 | -€48,498 | -19.7% |
| Stocks | 30/36 | €246,750 | €198,252 | -€48,498 | -19.7% |
| Amounts receivable within one year | 40/41 | €59,737 | €4,083 | -€55,654 | -93.2% |
| Trade receivables | 40 | €2,102 | €2,871 | +€769 | +36.6% |
| Other amounts receivable | 41 | €57,635 | €1,212 | -€56,423 | -97.9% |
| Cash at bank and in hand | 54/58 | €5,813 | €56,124 | +€50,311 | +866% |
| Deferred charges and accrued income | 490/1 | €9,957 | €0 | -€9,957 | -100% |
| Total equity and liabilities | 10/49 | €782,047 | €653,534 | -€128,513 | -16.4% |
| Equity | 10/15 | €225,376 | €234,326 | +€8,951 | +4.0% |
| Contributions | 10/11 | €180 | €180 | = | 0.0% |
| Profit (loss) carried forward | 14 | €225,196 | €234,146 | +€8,951 | +4.0% |
| Amounts payable | 17/49 | €556,672 | €419,208 | -€137,464 | -24.7% |
| Amounts payable within one year | 42/48 | €556,672 | €414,208 | -€142,464 | -25.6% |
| Trade debts | 44 | €12,133 | €18,723 | +€6,590 | +54.3% |
| Suppliers | 440/4 | €12,133 | €18,723 | +€6,590 | +54.3% |
| Taxes, remuneration and social security | 45 | €41,164 | €89,070 | +€47,906 | +116% |
| Taxes | 450/3 | €6,983 | €14,172 | +€7,188 | +103% |
| Remuneration and social security | 454/9 | €34,180 | €74,898 | +€40,717 | +119% |
| Other amounts payable | 47/48 | €503,375 | €306,415 | -€196,960 | -39.1% |
| Accrued charges and deferred income | 492/3 | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €265,670 | €510,155 | +€244,485 | +92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,314 | €75,536 | +€1,222 | +1.6% |
| Other operating charges | 640/8 | €183 | €5,010 | +€4,827 | +2,640% |
| Gross operating margin | 9900 | €374,199 | €625,444 | +€251,245 | +67.1% |
| Operating profit (loss) | 9901 | €34,032 | €34,743 | +€711 | +2.1% |
| Financial income | 75/76B | €110 | €0 | -€110 | -100% |
| Recurring financial income | 75 | €110 | €0 | -€110 | -100% |
| Financial charges | 65/66B | €17,822 | €16,770 | -€1,051 | -5.9% |
| Recurring financial charges | 65 | €17,822 | €16,770 | -€1,051 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €16,320 | €17,973 | +€1,653 | +10.1% |
| Income taxes | 67/77 | €7,437 | €9,022 | +€1,585 | +21.3% |
| Profit (loss) for the period | 9904 | €8,883 | €8,951 | +€68 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,883 | €8,951 | +€68 | +0.8% |
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 14 October 2026 via checked.be.