PPO General Partner: 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.
PPO General Partner
Largest movements
- Financial fixed assets +€100,000
new in 2025: €100,000
- Receivables within one year +€99,995
up €99,995 (+805114.3%), from €12 to €100,008
of which Trade receivables: +€100,000
- Other debts +€100,000
new in 2025: €100,000
- Reserves +€96,053
up €96,053, from €0 to €96,053
- Accrued charges and deferred income +€3,833
new in 2025: €3,833
- Financial income +€99,984
up €99,984 (+241448.9%), from €41 to €100,025
- Financial charges +€3,765
up €3,765 (+5537.2%), from €68 to €3,833
- Gross operating margin -€183
down €183 (-30.6%), from €598 to €415
- Other operating charges -€71
down €71 (-11.8%), from €598 to €528
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 | €4,974 | €204,999 | +€200,025 | +4021.7% |
| Fixed assets | 21/28 | - | €100,000 | +€100,000 | |
| Financial fixed assets | 28 | - | €100,000 | +€100,000 | |
| Current assets | 29/58 | €4,974 | €104,999 | +€100,025 | +2011.1% |
| Amounts receivable within one year | 40/41 | €12 | €100,008 | +€99,995 | +805114.3% |
| Trade receivables | 40 | €0 | €100,000 | +€100,000 | |
| Other amounts receivable | 41 | €12 | €8 | -€5 | -38.6% |
| Cash at bank and in hand | 54/58 | €4,961 | €4,991 | +€30 | +0.6% |
| Total equity and liabilities | 10/49 | €4,974 | €204,999 | +€200,025 | +4021.7% |
| Equity | 10/15 | €4,974 | €101,053 | +€96,080 | +1931.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | €96,053 | +€96,053 | |
| Distributable reserves | 133 | €0 | €96,053 | +€96,053 | |
| Profit (loss) carried forward | 14 | -€26 | €0 | +€26 | |
| Amounts payable | 17/49 | €0 | €103,946 | +€103,946 | |
| Amounts payable within one year | 42/48 | €0 | €100,112 | +€100,112 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €0 | €112 | +€112 | |
| Suppliers | 440/4 | €0 | €112 | +€112 | |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | - | €3,833 | +€3,833 | |
| Other operating charges | 640/8 | €598 | €528 | -€71 | -11.8% |
| Gross operating margin | 9900 | €598 | €415 | -€183 | -30.6% |
| Operating profit (loss) | 9901 | €0 | -€112 | -€112 | |
| Financial income | 75/76B | €41 | €100,025 | +€99,984 | +241448.9% |
| Recurring financial income | 75 | €41 | €100,025 | +€99,984 | +241448.9% |
| Financial charges | 65/66B | €68 | €3,833 | +€3,765 | +5537.2% |
| Recurring financial charges | 65 | €68 | €3,833 | +€3,765 | +5537.2% |
| Profit (loss) for the period before taxes | 9903 | -€27 | €96,080 | +€96,106 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€27 | €96,080 | +€96,106 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27 | €96,080 | +€96,106 |
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 6 October 2026 via checked.be.