PPG - TRADING: 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.
PPG - TRADING
Largest movements
- Tangible fixed assets -€8,772
down €8,772 (-2.5%), from €344,672 to €335,900
- Other debts -€5,271
down €5,271 (-2.5%), from €208,487 to €203,216
- Profit (loss) carried forward -€3,726
down €3,726 (-7.4%), from -€50,613 to -€54,339
- Gross operating margin -€3,798
down €3,798 (-34.0%), from €11,156 to €7,358
- Other operating charges +€161
up €161 (+8.0%), from €2,002 to €2,163
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 | €345,291 | €335,900 | -€9,391 | -2.7% |
| Fixed assets | 21/28 | €344,672 | €335,900 | -€8,772 | -2.5% |
| Tangible fixed assets | 22/27 | €344,672 | €335,900 | -€8,772 | -2.5% |
| Land and buildings | 22 | €344,672 | €335,900 | -€8,772 | -2.5% |
| Current assets | 29/58 | €619 | €0 | -€619 | -100.0% |
| Cash at bank and in hand | 54/58 | €619 | €0 | -€619 | -100.0% |
| Total equity and liabilities | 10/49 | €345,291 | €335,900 | -€9,391 | -2.7% |
| Equity | 10/15 | €136,387 | €132,661 | -€3,726 | -2.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,613 | -€54,339 | -€3,726 | -7.4% |
| Amounts payable | 17/49 | €208,904 | €203,239 | -€5,665 | -2.7% |
| Amounts payable within one year | 42/48 | €208,904 | €203,239 | -€5,665 | -2.7% |
| Financial debts | 43 | - | €23 | +€23 | |
| Credit institutions | 430/8 | - | €23 | +€23 | |
| Trade debts | 44 | €417 | €0 | -€417 | -100.0% |
| Suppliers | 440/4 | €417 | €0 | -€417 | -100.0% |
| Other amounts payable | 47/48 | €208,487 | €203,216 | -€5,271 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,772 | €8,772 | = | 0.0% |
| Other operating charges | 640/8 | €2,002 | €2,163 | +€161 | +8.0% |
| Gross operating margin | 9900 | €11,156 | €7,358 | -€3,798 | -34.0% |
| Operating profit (loss) | 9901 | €382 | -€3,577 | -€3,959 | |
| Financial charges | 65/66B | €122 | €149 | +€28 | +22.7% |
| Recurring financial charges | 65 | €122 | €149 | +€28 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €260 | -€3,726 | -€3,986 | |
| Profit (loss) for the period | 9904 | €260 | -€3,726 | -€3,986 | |
| Profit (loss) for the period to be appropriated | 9905 | €260 | -€3,726 | -€3,986 |
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 8 October 2026 via checked.be.