PPITES: 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.
PPITES
Largest movements
- Tangible fixed assets +€50,998
up €50,998 (+355.5%), from €14,345 to €65,343
of which Furniture and vehicles: +€51,002
- Receivables within one year -€3,077
down €3,077 (-23.4%), from €13,157 to €10,079
of which Other amounts receivable: -€1,625
- Deferred charges and accrued income +€2,373
up €2,373 (+978.2%), from €243 to €2,615
- Cash +€1,029
up €1,029 (+23.1%), from €4,456 to €5,485
mainly Debts after one year (+€35,362) and Current portion of long-term debt (+€7,773)
- Debts after one year +€35,362
up €35,362 (+485.8%), from €7,279 to €42,641
- Current portion of long-term debt +€7,773
up €7,773 (+286.1%), from €2,717 to €10,489
- Profit (loss) carried forward +€6,675
up €6,675 (+312.5%), from €2,136 to €8,812
- Other debts +€3,606
up €3,606 (+37.9%), from €9,513 to €13,119
- Trade debts -€2,660
down €2,660 (-68.1%), from €3,904 to €1,244
- Gross operating margin +€9,751
up €9,751 (+114.4%), from €8,521 to €18,272
- Other operating charges +€2,302
up €2,302 (+161.6%), from €1,425 to €3,727
- Taxes +€787
up €787 (+62.0%), from €1,269 to €2,055
- Financial charges +€559
up €559 (+82.7%), from €676 to €1,235
- Depreciation +€373
up €373 (+11.5%), from €3,237 to €3,610
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 | €32,444 | €83,522 | +€51,078 | +157.4% |
| Fixed assets | 21/28 | €14,589 | €65,343 | +€50,754 | +347.9% |
| Intangible fixed assets | 21 | €244 | €0 | -€244 | -100.0% |
| Tangible fixed assets | 22/27 | €14,345 | €65,343 | +€50,998 | +355.5% |
| Furniture and vehicles | 24 | €14,341 | €65,343 | +€51,002 | +355.6% |
| Other tangible fixed assets | 26 | €3 | €0 | -€3 | -100.0% |
| Current assets | 29/58 | €17,855 | €18,179 | +€324 | +1.8% |
| Amounts receivable within one year | 40/41 | €13,157 | €10,079 | -€3,077 | -23.4% |
| Trade receivables | 40 | €11,532 | €10,079 | -€1,453 | -12.6% |
| Other amounts receivable | 41 | €1,625 | €0 | -€1,625 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,456 | €5,485 | +€1,029 | +23.1% |
| Deferred charges and accrued income | 490/1 | €243 | €2,615 | +€2,373 | +978.2% |
| Total equity and liabilities | 10/49 | €32,444 | €83,522 | +€51,078 | +157.4% |
| Equity | 10/15 | €6,781 | €13,457 | +€6,675 | +98.4% |
| Contributions | 10/11 | €4,645 | €4,645 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,136 | €8,812 | +€6,675 | +312.5% |
| Amounts payable | 17/49 | €25,662 | €70,065 | +€44,403 | +173.0% |
| Amounts payable after more than one year | 17 | €7,279 | €42,641 | +€35,362 | +485.8% |
| Financial debts | 170/4 | €7,279 | €42,641 | +€35,362 | +485.8% |
| Amounts payable within one year | 42/48 | €18,024 | €27,085 | +€9,062 | +50.3% |
| Current portion of amounts payable after more than one year | 42 | €2,717 | €10,489 | +€7,773 | +286.1% |
| Trade debts | 44 | €3,904 | €1,244 | -€2,660 | -68.1% |
| Suppliers | 440/4 | €3,904 | €1,244 | -€2,660 | -68.1% |
| Taxes, remuneration and social security | 45 | €1,891 | €2,233 | +€343 | +18.1% |
| Taxes | 450/3 | €1,301 | €2,083 | +€783 | +60.2% |
| Remuneration and social security | 454/9 | €590 | €150 | -€440 | -74.6% |
| Other amounts payable | 47/48 | €9,513 | €13,119 | +€3,606 | +37.9% |
| Accrued charges and deferred income | 492/3 | €360 | €339 | -€21 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,237 | €3,610 | +€373 | +11.5% |
| Other operating charges | 640/8 | €1,425 | €3,727 | +€2,302 | +161.6% |
| Non-recurring operating charges | 66A | - | €969 | +€969 | |
| Gross operating margin | 9900 | €8,521 | €18,272 | +€9,751 | +114.4% |
| Operating profit (loss) | 9901 | €3,860 | €9,966 | +€6,106 | +158.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €676 | €1,235 | +€559 | +82.7% |
| Recurring financial charges | 65 | €676 | €1,235 | +€559 | +82.7% |
| Profit (loss) for the period before taxes | 9903 | €3,185 | €8,731 | +€5,546 | +174.1% |
| Income taxes | 67/77 | €1,269 | €2,055 | +€787 | +62.0% |
| Profit (loss) for the period | 9904 | €1,916 | €6,675 | +€4,759 | +248.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,916 | €6,675 | +€4,759 | +248.4% |
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.