PPFS Management: what changed
Two fiscal 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.
PPFS Management
Largest movements
- Receivables within one year +€54,946
up €54,946 (+363.2%), from €15,129 to €70,075
of which Other amounts receivable: +€39,821
- Cash -€31,356
down €31,356 (-53.2%), from €58,980 to €27,625
mainly Receivables within one year (-€54,946) and Deferred charges and accrued income (-€2,758)
- Deferred charges and accrued income +€2,758
up €2,758 (+260.3%), from €1,060 to €3,817
- Reserves +€20,444
up €20,444 (+39.1%), from €52,263 to €72,707
- Tax, wage and social debts +€7,845
up €7,845 (+39.5%), from €19,865 to €27,710
- Gross operating margin -€13,538
down €13,538 (-32.7%), from €41,452 to €27,913
- Financial income +€1,579
up €1,579 (+349.4%), from €452 to €2,031
- Other operating charges +€1,104
up €1,104 (+1749.2%), from €63 to €1,167
- Taxes -€995
down €995 (-11.0%), from €9,042 to €8,047
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 | €82,099 | €108,447 | +€26,348 | +32.1% |
| Fixed assets | 21/28 | €6,929 | €6,929 | = | 0.0% |
| Financial fixed assets | 28 | €6,929 | €6,929 | = | 0.0% |
| Current assets | 29/58 | €75,169 | €101,517 | +€26,348 | +35.1% |
| Amounts receivable within one year | 40/41 | €15,129 | €70,075 | +€54,946 | +363.2% |
| Trade receivables | 40 | €0 | €15,125 | +€15,125 | |
| Other amounts receivable | 41 | €15,129 | €54,950 | +€39,821 | +263.2% |
| Cash at bank and in hand | 54/58 | €58,980 | €27,625 | -€31,356 | -53.2% |
| Deferred charges and accrued income | 490/1 | €1,060 | €3,817 | +€2,758 | +260.3% |
| Total equity and liabilities | 10/49 | €82,099 | €108,447 | +€26,348 | +32.1% |
| Equity | 10/15 | €59,763 | €80,207 | +€20,444 | +34.2% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €52,263 | €72,707 | +€20,444 | +39.1% |
| Distributable reserves | 133 | €52,263 | €72,707 | +€20,444 | +39.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,335 | €28,240 | +€5,905 | +26.4% |
| Amounts payable within one year | 42/48 | €22,335 | €28,240 | +€5,905 | +26.4% |
| Trade debts | 44 | €1,611 | €530 | -€1,081 | -67.1% |
| Suppliers | 440/4 | €1,611 | €530 | -€1,081 | -67.1% |
| Taxes, remuneration and social security | 45 | €19,865 | €27,710 | +€7,845 | +39.5% |
| Taxes | 450/3 | €19,865 | €27,710 | +€7,845 | +39.5% |
| Other amounts payable | 47/48 | €859 | €0 | -€859 | -100.0% |
| Other operating charges | 640/8 | €63 | €1,167 | +€1,104 | +1749.2% |
| Gross operating margin | 9900 | €41,452 | €27,913 | -€13,538 | -32.7% |
| Operating profit (loss) | 9901 | €41,389 | €26,747 | -€14,642 | -35.4% |
| Financial income | 75/76B | €452 | €2,031 | +€1,579 | +349.4% |
| Recurring financial income | 75 | €452 | €2,031 | +€1,579 | +349.4% |
| Financial charges | 65/66B | €210 | €287 | +€78 | +37.0% |
| Recurring financial charges | 65 | €210 | €287 | +€78 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | €41,631 | €28,490 | -€13,140 | -31.6% |
| Income taxes | 67/77 | €9,042 | €8,047 | -€995 | -11.0% |
| Profit (loss) for the period | 9904 | €32,589 | €20,444 | -€12,145 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,589 | €20,444 | -€12,145 | -37.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.