PPIH: 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.
PPIH
Largest movements
- Cash +€529,869
up €529,869 (+47.1%), from €1.1m to €1.7m
mainly Other debts (+€1.1m) and Net result for the year (+€595,219)
- Current investments -€55,744
down €55,744 (-5.3%), from €1.0m to €992,554
- Receivables within one year +€54,518
up €54,518 (+180.0%), from €30,294 to €84,812
of which Other amounts receivable: +€63,111
- Other debts +€1.1m
up €1.1m (+548.6%), from €193,172 to €1.3m
- Reserves -€553,000
down €553,000 (-21.5%), from €2.6m to €2.0m
- Debts after one year -€72,220
down €72,220 (-10.9%), from €660,454 to €588,234
- Tax, wage and social debts +€71,060
up €71,060 (+102.6%), from €69,247 to €140,307
of which Taxes: +€76,911
- Gross operating margin +€29,721
up €29,721 (+2.7%), from €1.1m to €1.1m
- Taxes +€13,466
up €13,466 (+5.0%), from €269,248 to €282,714
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 | €3,621,087 | €4,126,979 | +€505,892 | +14.0% |
| Fixed assets | 21/28 | €1,412,228 | €1,380,370 | -€31,858 | -2.3% |
| Tangible fixed assets | 22/27 | €1,412,228 | €1,380,370 | -€31,858 | -2.3% |
| Land and buildings | 22 | €1,285,569 | €1,284,719 | -€849 | -0.1% |
| Plant, machinery and equipment | 23 | €68,902 | €50,925 | -€17,977 | -26.1% |
| Furniture and vehicles | 24 | €57,757 | €44,726 | -€13,032 | -22.6% |
| Current assets | 29/58 | €2,208,859 | €2,746,609 | +€537,750 | +24.3% |
| Amounts receivable within one year | 40/41 | €30,294 | €84,812 | +€54,518 | +180.0% |
| Trade receivables | 40 | €29,394 | €20,800 | -€8,593 | -29.2% |
| Other amounts receivable | 41 | €900 | €64,011 | +€63,111 | +7012.4% |
| Current investments | 50/53 | €1,048,299 | €992,554 | -€55,744 | -5.3% |
| Cash at bank and in hand | 54/58 | €1,124,728 | €1,654,598 | +€529,869 | +47.1% |
| Deferred charges and accrued income | 490/1 | €5,538 | €14,645 | +€9,107 | +164.5% |
| Total equity and liabilities | 10/49 | €3,621,087 | €4,126,979 | +€505,892 | +14.0% |
| Equity | 10/15 | €2,593,844 | €2,041,063 | -€552,781 | -21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €2,571,860 | €2,018,860 | -€553,000 | -21.5% |
| Distributable reserves | 133 | €2,571,860 | €2,018,860 | -€553,000 | -21.5% |
| Profit (loss) carried forward | 14 | €3,384 | €3,603 | +€219 | +6.5% |
| Amounts payable | 17/49 | €1,027,243 | €2,085,916 | +€1.1m | +103.1% |
| Amounts payable after more than one year | 17 | €660,454 | €588,234 | -€72,220 | -10.9% |
| Financial debts | 170/4 | €660,454 | €588,234 | -€72,220 | -10.9% |
| Amounts payable within one year | 42/48 | €366,143 | €1,497,682 | +€1.1m | +309.0% |
| Current portion of amounts payable after more than one year | 42 | €71,225 | €72,220 | +€994 | +1.4% |
| Trade debts | 44 | €32,499 | €32,233 | -€266 | -0.8% |
| Suppliers | 440/4 | €32,499 | €32,233 | -€266 | -0.8% |
| Taxes, remuneration and social security | 45 | €69,247 | €140,307 | +€71,060 | +102.6% |
| Taxes | 450/3 | €54,227 | €131,138 | +€76,911 | +141.8% |
| Remuneration and social security | 454/9 | €15,020 | €9,169 | -€5,851 | -39.0% |
| Other amounts payable | 47/48 | €193,172 | €1,252,922 | +€1.1m | +548.6% |
| Accrued charges and deferred income | 492/3 | €647 | €0 | -€647 | -100.0% |
| Non-recurring operating income | 76A | €9,000 | €0 | -€9,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €155,255 | €156,063 | +€808 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,880 | €96,953 | +€73 | +0.1% |
| Other operating charges | 640/8 | €15,075 | €15,661 | +€587 | +3.9% |
| Gross operating margin | 9900 | €1,107,477 | €1,137,199 | +€29,721 | +2.7% |
| Operating profit (loss) | 9901 | €840,267 | €868,521 | +€28,254 | +3.4% |
| Financial income | 75/76B | €20,554 | €19,568 | -€985 | -4.8% |
| Recurring financial income | 75 | €20,554 | €19,568 | -€985 | -4.8% |
| Financial charges | 65/66B | €11,097 | €10,155 | -€942 | -8.5% |
| Recurring financial charges | 65 | €11,097 | €10,155 | -€942 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €849,723 | €877,934 | +€28,211 | +3.3% |
| Income taxes | 67/77 | €269,248 | €282,714 | +€13,466 | +5.0% |
| Profit (loss) for the period | 9904 | €580,475 | €595,219 | +€14,745 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €580,475 | €595,219 | +€14,745 | +2.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.