PPCR: 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.
PPCR
Largest movements
- Cash +€25,238
up €25,238 (+835%), from €3,023 to €28,260
mainly Other debts (+€80,809)
- Receivables within one year +€13,196
up €13,196 (+59.7%), from €22,106 to €35,302
of which Other amounts receivable: +€10,272
- Financial fixed assets +€5,100
up €5,100 (+144%), from €3,550 to €8,650
- Tangible fixed assets -€1,167
down €1,167 (-100%), from €1,167 to €0
- Other debts +€80,809
up €80,809 (+447%), from €18,082 to €98,891
- Profit (loss) carried forward -€38,442
down €38,442 (-243%), from -€15,836 to -€54,279
- Financial charges +€24,988
up €24,988 (+41,983%), from €60 to €25,048
of which Non-recurring financial charges: +€25,000
- Gross operating margin -€10,500
down €10,500 (-2,260%), from -€465 to -€10,964
- Other operating charges +€1,004
up €1,004 (+385%), from €260 to €1,264
- Depreciation -€250
no longer reported in 2025 (was €250)
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 | €29,846 | €72,213 | +€42,367 | +142% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,717 | €8,650 | +€3,933 | +83.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,167 | €0 | -€1,167 | -100% |
| Land and buildings | 22 | €1,167 | €0 | -€1,167 | -100% |
| Financial fixed assets | 28 | €3,550 | €8,650 | +€5,100 | +144% |
| Current assets | 29/58 | €25,129 | €63,563 | +€38,434 | +153% |
| Amounts receivable within one year | 40/41 | €22,106 | €35,302 | +€13,196 | +59.7% |
| Trade receivables | 40 | €21,756 | €24,679 | +€2,924 | +13.4% |
| Other amounts receivable | 41 | €351 | €10,623 | +€10,272 | +2,930% |
| Cash at bank and in hand | 54/58 | €3,023 | €28,260 | +€25,238 | +835% |
| Total equity and liabilities | 10/49 | €29,846 | €72,213 | +€42,367 | +142% |
| Equity | 10/15 | €2,764 | -€35,679 | -€38,442 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,836 | -€54,279 | -€38,442 | -243% |
| Amounts payable | 17/49 | €27,082 | €107,891 | +€80,809 | +298% |
| Amounts payable after more than one year | 17 | €9,000 | €9,000 | = | 0.0% |
| Other amounts payable | 178/9 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,082 | €98,891 | +€80,809 | +447% |
| Other amounts payable | 47/48 | €18,082 | €98,891 | +€80,809 | +447% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | - | -€250 | |
| Other operating charges | 640/8 | €260 | €1,264 | +€1,004 | +385% |
| Non-recurring operating charges | 66A | - | €1,167 | +€1,167 | |
| Gross operating margin | 9900 | -€465 | -€10,964 | -€10,500 | -2,260% |
| Operating profit (loss) | 9901 | -€975 | -€13,395 | -€12,420 | -1,274% |
| Financial charges | 65/66B | €60 | €25,048 | +€24,988 | +41,983% |
| Recurring financial charges | 65 | €60 | €48 | -€12 | -19.9% |
| Non-recurring financial charges | 66B | - | €25,000 | +€25,000 | |
| Profit (loss) for the period before taxes | 9903 | -€1,035 | -€38,442 | -€37,408 | -3,616% |
| Profit (loss) for the period | 9904 | -€1,035 | -€38,442 | -€37,408 | -3,616% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,035 | -€38,442 | -€37,408 | -3,616% |
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 18 October 2026 via checked.be.