PPP Group: 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.
PPP Group
Largest movements
- Receivables within one year -€34,800
down €34,800 (-53.0%), from €65,602 to €30,802
of which Trade receivables: -€24,850
- Other debts -€281,196
down €281,196 (-22.1%), from €1.3m to €991,780
- Reserves +€275,000
up €275,000 (+73.0%), from €376,855 to €651,855
of which Distributable reserves: +€275,000
- Trade debts +€38,530
up €38,530 (+1,214%), from €3,174 to €41,705
- Debts after one year -€37,287
down €37,287 (-6.9%), from €540,288 to €503,001
- Financial income +€85,783
up €85,783 (+28.5%), from €300,868 to €386,651
- Gross operating margin -€11,684
down €11,684 (-28.6%), from €40,791 to €29,107
- Taxes +€10,225
up €10,225 (+50.5%), from €20,264 to €30,489
- Financial charges -€6,435
down €6,435 (-14.0%), from €45,967 to €39,533
- Depreciation +€5,147
up €5,147 (+41.1%), from €12,529 to €17,676
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,628,881 | €2,623,064 | -€5,817 | -0.2% |
| Fixed assets | 21/28 | €2,554,168 | €2,575,549 | +€21,381 | +0.8% |
| Tangible fixed assets | 22/27 | €179,167 | €200,548 | +€21,381 | +11.9% |
| Land and buildings | 22 | €140,000 | €153,894 | +€13,894 | +9.9% |
| Furniture and vehicles | 24 | €33,003 | €39,722 | +€6,719 | +20.4% |
| Other tangible fixed assets | 26 | €6,163 | €6,932 | +€769 | +12.5% |
| Financial fixed assets | 28 | €2,375,001 | €2,375,001 | = | 0.0% |
| Current assets | 29/58 | €74,714 | €47,515 | -€27,199 | -36.4% |
| Amounts receivable within one year | 40/41 | €65,602 | €30,802 | -€34,800 | -53.0% |
| Trade receivables | 40 | €27,602 | €2,752 | -€24,850 | -90.0% |
| Other amounts receivable | 41 | €38,000 | €28,050 | -€9,950 | -26.2% |
| Cash at bank and in hand | 54/58 | €7,492 | €14,774 | +€7,282 | +97.2% |
| Deferred charges and accrued income | 490/1 | €1,620 | €1,939 | +€320 | +19.7% |
| Total equity and liabilities | 10/49 | €2,628,881 | €2,623,064 | -€5,817 | -0.2% |
| Equity | 10/15 | €709,763 | €977,118 | +€267,355 | +37.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €376,855 | €651,855 | +€275,000 | +73.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €375,000 | €650,000 | +€275,000 | +73.3% |
| Profit (loss) carried forward | 14 | €314,358 | €306,713 | -€7,645 | -2.4% |
| Amounts payable | 17/49 | €1,919,119 | €1,645,946 | -€273,173 | -14.2% |
| Amounts payable after more than one year | 17 | €540,288 | €503,001 | -€37,287 | -6.9% |
| Financial debts | 170/4 | €540,288 | €503,001 | -€37,287 | -6.9% |
| Amounts payable within one year | 42/48 | €1,378,527 | €1,142,945 | -€235,582 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €42,477 | €37,287 | -€5,190 | -12.2% |
| Trade debts | 44 | €3,174 | €41,705 | +€38,530 | +1,214% |
| Suppliers | 440/4 | €3,174 | €41,705 | +€38,530 | +1,214% |
| Taxes, remuneration and social security | 45 | €59,899 | €72,173 | +€12,274 | +20.5% |
| Taxes | 450/3 | €52,954 | €72,173 | +€19,219 | +36.3% |
| Remuneration and social security | 454/9 | €6,945 | €0 | -€6,945 | -100% |
| Other amounts payable | 47/48 | €1,272,976 | €991,780 | -€281,196 | -22.1% |
| Accrued charges and deferred income | 492/3 | €304 | €0 | -€304 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,529 | €17,676 | +€5,147 | +41.1% |
| Other operating charges | 640/8 | €1,473 | €1,930 | +€457 | +31.0% |
| Non-recurring operating charges | 66A | - | €24,775 | +€24,775 | |
| Gross operating margin | 9900 | €40,791 | €29,107 | -€11,684 | -28.6% |
| Operating profit (loss) | 9901 | €26,789 | -€15,274 | -€42,063 | |
| Financial income | 75/76B | €300,868 | €386,651 | +€85,783 | +28.5% |
| Recurring financial income | 75 | €300,868 | €386,651 | +€85,783 | +28.5% |
| Financial charges | 65/66B | €45,967 | €39,533 | -€6,435 | -14.0% |
| Recurring financial charges | 65 | €45,967 | €39,533 | -€6,435 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €281,690 | €331,845 | +€50,155 | +17.8% |
| Income taxes | 67/77 | €20,264 | €30,489 | +€10,225 | +50.5% |
| Profit (loss) for the period | 9904 | €261,426 | €301,355 | +€39,930 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €261,426 | €301,355 | +€39,930 | +15.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.