PPP & NPK MANAGEMENT: 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 & NPK MANAGEMENT
Largest movements
- Receivables after one year +€25,000
new in 2025: €25,000
- Deferred charges and accrued income +€6,851
new in 2025: €6,851
- Tangible fixed assets +€2,526
up €2,526 (+14.6%), from €17,265 to €19,791
of which Plant, machinery and equipment: +€4,453
- Receivables within one year -€1,933
down €1,933 (-6.9%), from €27,883 to €25,950
of which Trade receivables: -€15,860
- Financial fixed assets -€1,667
down €1,667 (-33.3%), from €5,000 to €3,333
- Reserves +€53,860
up €53,860 (+97.7%), from €55,151 to €109,011
- Other debts -€20,158
down €20,158 (-100%), from €20,158 to €0
- Tax, wage and social debts -€3,659
down €3,659 (-57.6%), from €6,350 to €2,692
- Gross operating margin -€31,094
down €31,094 (-32.0%), from €97,020 to €65,926
- Financial income +€7,947
up €7,947 (+23,236%), from €34 to €7,981
- Taxes -€4,818
down €4,818 (-25.5%), from €18,890 to €14,072
- Depreciation +€1,597
up €1,597 (+79.4%), from €2,010 to €3,607
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.
Derived cash bridge
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 | €88,108 | €118,774 | +€30,667 | +34.8% |
| Fixed assets | 21/28 | €22,265 | €23,124 | +€859 | +3.9% |
| Tangible fixed assets | 22/27 | €17,265 | €19,791 | +€2,526 | +14.6% |
| Plant, machinery and equipment | 23 | €9,777 | €14,230 | +€4,453 | +45.5% |
| Furniture and vehicles | 24 | €6,601 | €4,673 | -€1,927 | -29.2% |
| Other tangible fixed assets | 26 | €888 | €888 | = | 0.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €5,000 | €3,333 | -€1,667 | -33.3% |
| Current assets | 29/58 | €65,842 | €95,650 | +€29,808 | +45.3% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €27,883 | €25,950 | -€1,933 | -6.9% |
| Trade receivables | 40 | €27,682 | €11,821 | -€15,860 | -57.3% |
| Other amounts receivable | 41 | €202 | €14,129 | +€13,927 | +6,912% |
| Cash at bank and in hand | 54/58 | €37,959 | €37,850 | -€110 | -0.3% |
| Deferred charges and accrued income | 490/1 | - | €6,851 | +€6,851 | |
| Total equity and liabilities | 10/49 | €88,108 | €118,774 | +€30,667 | +34.8% |
| Equity | 10/15 | €59,151 | €113,011 | +€53,860 | +91.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €55,151 | €109,011 | +€53,860 | +97.7% |
| Distributable reserves | 133 | €55,151 | €109,011 | +€53,860 | +97.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,957 | €5,764 | -€23,193 | -80.1% |
| Amounts payable within one year | 42/48 | €28,957 | €5,764 | -€23,193 | -80.1% |
| Trade debts | 44 | €2,449 | €3,072 | +€623 | +25.4% |
| Suppliers | 440/4 | €2,449 | €3,072 | +€623 | +25.4% |
| Taxes, remuneration and social security | 45 | €6,350 | €2,692 | -€3,659 | -57.6% |
| Taxes | 450/3 | €6,350 | €2,692 | -€3,659 | -57.6% |
| Other amounts payable | 47/48 | €20,158 | €0 | -€20,158 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,010 | €3,607 | +€1,597 | +79.4% |
| Other operating charges | 640/8 | €975 | €711 | -€265 | -27.1% |
| Non-recurring operating charges | 66A | - | €108 | +€108 | |
| Gross operating margin | 9900 | €97,020 | €65,926 | -€31,094 | -32.0% |
| Operating profit (loss) | 9901 | €94,034 | €61,501 | -€32,533 | -34.6% |
| Financial income | 75/76B | €34 | €7,981 | +€7,947 | +23,236% |
| Recurring financial income | 75 | €34 | €7,981 | +€7,947 | +23,236% |
| Financial charges | 65/66B | €1,651 | €1,550 | -€101 | -6.1% |
| Recurring financial charges | 65 | €1,651 | €1,550 | -€101 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €92,417 | €67,932 | -€24,485 | -26.5% |
| Income taxes | 67/77 | €18,890 | €14,072 | -€4,818 | -25.5% |
| Profit (loss) for the period | 9904 | €73,527 | €53,860 | -€19,667 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,527 | €53,860 | -€19,667 | -26.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.