PPL Capital: what changed
Two financial 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.
PPL Capital
Largest movements
- Financial fixed assets -€237,370
down €237,370 (-2.0%), from €12.1m to €11.9m
- Current investments +€184,425
up €184,425 (+119%), from €154,346 to €338,771
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€2.5m
down €2.5m (-99.0%), from €2.5m to €26,287
- Taxes -€218,800
down €218,800 (-98.6%), from €221,943 to €3,144
- Gross operating margin +€75,728
up €75,728, from -€37,775 to €37,954
- Financial charges +€3,946
up €3,946 (+39.2%), from €10,055 to €14,002
From the 2021 result to the 2022 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.
Derived cash bridge
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,963,840 | €14,848,794 | -€115,046 | -0.8% |
| Fixed assets | 21/28 | €12,695,128 | €12,442,998 | -€252,130 | -2.0% |
| Tangible fixed assets | 22/27 | €560,655 | €545,895 | -€14,760 | -2.6% |
| Land and buildings | 22 | €555,533 | €541,420 | -€14,113 | -2.5% |
| Other tangible fixed assets | 26 | €5,122 | €4,475 | -€647 | -12.6% |
| Financial fixed assets | 28 | €12,134,473 | €11,897,103 | -€237,370 | -2.0% |
| Current assets | 29/58 | €2,268,712 | €2,405,796 | +€137,084 | +6.0% |
| Amounts receivable within one year | 40/41 | €96,548 | €88,489 | -€8,059 | -8.3% |
| Trade receivables | 40 | €17,814 | €2,360 | -€15,454 | -86.8% |
| Other amounts receivable | 41 | €78,734 | €86,129 | +€7,395 | +9.4% |
| Current investments | 50/53 | €154,346 | €338,771 | +€184,425 | +119% |
| Cash at bank and in hand | 54/58 | €2,016,546 | €1,977,064 | -€39,482 | -2.0% |
| Deferred charges and accrued income | 490/1 | €1,271 | €1,472 | +€200 | +15.8% |
| Total equity and liabilities | 10/49 | €14,963,840 | €14,848,794 | -€115,046 | -0.8% |
| Equity | 10/15 | €13,921,734 | €13,950,878 | +€29,143 | +0.2% |
| Contributions | 10/11 | €7,750,000 | €7,750,000 | = | 0.0% |
| Reserves | 13 | €5,220,829 | €5,249,929 | +€29,100 | +0.6% |
| Non-distributable reserves | 130/1 | €70,329 | €70,329 | = | 0.0% |
| Reserves not available under the articles | 1311 | €70,329 | €70,329 | = | 0.0% |
| Distributable reserves | 133 | €5,150,500 | €5,179,600 | +€29,100 | +0.6% |
| Profit (loss) carried forward | 14 | €950,905 | €950,949 | +€43 | 0.0% |
| Amounts payable | 17/49 | €1,042,105 | €897,916 | -€144,189 | -13.8% |
| Amounts payable after more than one year | 17 | €672,000 | €672,000 | = | 0.0% |
| Financial debts | 170/4 | €672,000 | €672,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €370,105 | €225,916 | -€144,189 | -39.0% |
| Trade debts | 44 | €13,452 | €3,967 | -€9,485 | -70.5% |
| Suppliers | 440/4 | €13,452 | €3,967 | -€9,485 | -70.5% |
| Taxes, remuneration and social security | 45 | €356,653 | €221,949 | -€134,704 | -37.8% |
| Taxes | 450/3 | €356,653 | €221,949 | -€134,704 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,699 | €14,760 | +€61 | +0.4% |
| Other operating charges | 640/8 | €3,108 | €3,192 | +€84 | +2.7% |
| Gross operating margin | 9900 | -€37,775 | €37,954 | +€75,728 | |
| Operating profit (loss) | 9901 | -€55,581 | €20,001 | +€75,583 | |
| Financial income | 75/76B | €2,504,639 | €26,287 | -€2.5m | -99.0% |
| Recurring financial income | 75 | €2,504,639 | €26,287 | -€2.5m | -99.0% |
| Financial charges | 65/66B | €10,055 | €14,002 | +€3,946 | +39.2% |
| Recurring financial charges | 65 | €10,055 | €14,002 | +€3,946 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €2,439,002 | €32,287 | -€2.4m | -98.7% |
| Income taxes | 67/77 | €221,943 | €3,144 | -€218,800 | -98.6% |
| Profit (loss) for the period | 9904 | €2,217,059 | €29,143 | -€2.2m | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,217,059 | €29,143 | -€2.2m | -98.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.