PPJ HOLDING: 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.
PPJ HOLDING
Largest movements
- Tangible fixed assets +€80,734
up €80,734 (+686.0%), from €11,769 to €92,503
- Receivables within one year +€56,987
up €56,987 (+29.4%), from €193,941 to €250,928
of which Other amounts receivable: +€77,040
- Debts after one year +€41,908
new in 2025: €41,908
- Profit (loss) carried forward +€34,852
up €34,852, from -€16,105 to €18,747
- Trade debts +€23,923
up €23,923 (+83.0%), from €28,815 to €52,738
- Other debts +€15,015
new in 2025: €15,015
- Tax, wage and social debts +€12,720
up €12,720 (+243.9%), from €5,215 to €17,935
- Gross operating margin +€69,141
up €69,141, from -€14,942 to €54,199
- Taxes +€9,875
up €9,875 (+766.2%), from €1,289 to €11,164
- Financial charges +€6,334
up €6,334 (+141.8%), from €4,468 to €10,802
- Depreciation +€2,110
up €2,110 (+71.5%), from €2,950 to €5,060
- Financial income +€636
up €636 (+7.5%), from €8,514 to €9,150
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 | €209,832 | €347,831 | +€137,999 | +65.8% |
| Fixed assets | 21/28 | €11,769 | €92,503 | +€80,734 | +686.0% |
| Tangible fixed assets | 22/27 | €11,769 | €92,503 | +€80,734 | +686.0% |
| Furniture and vehicles | 24 | €11,769 | €92,503 | +€80,734 | +686.0% |
| Current assets | 29/58 | €198,062 | €255,327 | +€57,265 | +28.9% |
| Amounts receivable within one year | 40/41 | €193,941 | €250,928 | +€56,987 | +29.4% |
| Trade receivables | 40 | €23,460 | €3,406 | -€20,054 | -85.5% |
| Other amounts receivable | 41 | €170,481 | €247,521 | +€77,040 | +45.2% |
| Cash at bank and in hand | 54/58 | €45 | €1,321 | +€1,276 | +2808.3% |
| Deferred charges and accrued income | 490/1 | €4,076 | €3,078 | -€998 | -24.5% |
| Total equity and liabilities | 10/49 | €209,832 | €347,831 | +€137,999 | +65.8% |
| Equity | 10/15 | €169,695 | €204,547 | +€34,852 | +20.5% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €15,800 | €15,800 | = | 0.0% |
| Distributable reserves | 133 | €15,800 | €15,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,105 | €18,747 | +€34,852 | |
| Amounts payable | 17/49 | €40,137 | €143,283 | +€103,147 | +257.0% |
| Amounts payable after more than one year | 17 | - | €41,908 | +€41,908 | |
| Financial debts | 170/4 | - | €41,908 | +€41,908 | |
| Amounts payable within one year | 42/48 | €34,030 | €95,380 | +€61,350 | +180.3% |
| Current portion of amounts payable after more than one year | 42 | - | €9,692 | +€9,692 | |
| Trade debts | 44 | €28,815 | €52,738 | +€23,923 | +83.0% |
| Suppliers | 440/4 | €28,815 | €52,738 | +€23,923 | +83.0% |
| Taxes, remuneration and social security | 45 | €5,215 | €17,935 | +€12,720 | +243.9% |
| Taxes | 450/3 | €5,215 | €17,935 | +€12,720 | +243.9% |
| Other amounts payable | 47/48 | - | €15,015 | +€15,015 | |
| Accrued charges and deferred income | 492/3 | €6,107 | €5,996 | -€111 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,950 | €5,060 | +€2,110 | +71.5% |
| Other operating charges | 640/8 | €1,015 | €1,470 | +€455 | +44.9% |
| Gross operating margin | 9900 | -€14,942 | €54,199 | +€69,141 | |
| Operating profit (loss) | 9901 | -€18,907 | €47,669 | +€66,576 | |
| Financial income | 75/76B | €8,514 | €9,150 | +€636 | +7.5% |
| Recurring financial income | 75 | €8,514 | €9,150 | +€636 | +7.5% |
| Financial charges | 65/66B | €4,468 | €10,802 | +€6,334 | +141.8% |
| Recurring financial charges | 65 | €4,468 | €10,802 | +€6,334 | +141.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,861 | €46,016 | +€60,877 | |
| Income taxes | 67/77 | €1,289 | €11,164 | +€9,875 | +766.2% |
| Profit (loss) for the period | 9904 | -€16,150 | €34,852 | +€51,002 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,150 | €34,852 | +€51,002 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.