PPS EU: 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.
What changed
PPS EU
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · -€732,873+€2.4m
Equity
€14.7m
2024 · €13.1m+€1.6m
Cash
€297.4m
2024 · €311.1m-€13.7m
Balance sheet total
€399.3m
2024 · €1.19bn-€795.2m
Largest movements
Assets
- Receivables within one year -€779.1m
down €779.1m (-98.6%), from €790.3m to €11.2m
of which Other amounts receivable: -€780.6m
- Cash -€13.7m
down €13.7m (-4.4%), from €311.1m to €297.4m
mainly Other debts (-€721.5m) and Trade debts (-€72.3m)
Equity and liabilities
- Other debts -€721.5m
down €721.5m (-66.0%), from €1.09bn to €371.7m
- Trade debts -€72.3m
down €72.3m (-88.8%), from €81.4m to €9.1m
Income statement
- Turnover +€3.0m
up €3.0m (+17.9%), from €17.0m to €20.1m
- Services and other goods +€1.7m
up €1.7m (+10.9%), from €15.2m to €16.8m
- Financial income +€865,814
up €865,814 (+23.0%), from €3.8m to €4.6m
- Staff costs -€371,987
down €371,987 (-7.7%), from €4.8m to €4.5m
- Other operating charges +€295,609
up €295,609 (+1759.9%), from €16,797 to €312,406
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.
Result 2024
-€732,873
Turnover
+€3.0m
Other operating income
+€9,646
Goods and materials
+€80,911
Services and other goods
-€1.7m
Staff costs
+€371,987
Depreciation
-€224,277
Write-downs
-€90,381
Provisions
-€10,500
Other operating charges
-€295,609
Other operating items
-€1,212
Financial income
+€865,814
Financial charges
+€245,310
Taxes
+€15,334
Result 2025
€1.6m
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.
From operations
-€15.7m
Investment
+€2.0m
Financing
+€0
Cash 2024
€311.1m
From operations (derived)
-€15.7m
Net result for the year
+€1.6m
Depreciation
+€724,333
Receivables within one year
+€779.1m
Smaller working-capital items
-€58,857
Trade debts
-€72.3m
Other debts
-€721.5m
Accrued charges and deferred income
-€3.2m
Investment (derived)
+€2.0m
Investment in fixed assets (net)
-€339,304
Current investments
+€2.3m
Financing
+€0
Contributions, distributions and other
+€0
Cash 2025
€297.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,194,541,761 | €399,334,031 | -€795.2m | -66.6% |
| Fixed assets | 21/28 | €5,107,046 | €4,722,017 | -€385,029 | -7.5% |
| Intangible fixed assets | 21 | €4,770,771 | €4,387,243 | -€383,528 | -8.0% |
| Tangible fixed assets | 22/27 | €336,125 | €334,624 | -€1,501 | -0.4% |
| Plant, machinery and equipment | 23 | €203,151 | €174,401 | -€28,750 | -14.2% |
| Furniture and vehicles | 24 | €132,974 | €160,223 | +€27,249 | +20.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Other financial fixed assets | 284/8 | €150 | €150 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €1,189,434,716 | €394,612,014 | -€794.8m | -66.8% |
| Amounts receivable within one year | 40/41 | €790,293,244 | €11,229,640 | -€779.1m | -98.6% |
| Trade receivables | 40 | €3,166,361 | €4,686,419 | +€1.5m | +48.0% |
| Other amounts receivable | 41 | €787,126,883 | €6,543,221 | -€780.6m | -99.2% |
| Current investments | 50/53 | €87,717,468 | €85,413,095 | -€2.3m | -2.6% |
| Other investments | 51/53 | €87,717,468 | €85,413,095 | -€2.3m | -2.6% |
| Cash at bank and in hand | 54/58 | €311,140,980 | €297,446,379 | -€13.7m | -4.4% |
| Deferred charges and accrued income | 490/1 | €283,023 | €522,900 | +€239,877 | +84.8% |
| Total equity and liabilities | 10/49 | €1,194,541,761 | €399,334,031 | -€795.2m | -66.6% |
| Equity | 10/15 | €13,090,744 | €14,709,772 | +€1.6m | +12.4% |
| Contributions | 10/11 | €18,178,000 | €18,178,000 | = | 0.0% |
| Capital | 10 | €18,178,000 | €18,178,000 | = | 0.0% |
| Issued capital | 100 | €18,178,000 | €18,178,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,087,256 | -€3,468,228 | +€1.6m | +31.8% |
| Amounts payable | 17/49 | €1,181,451,018 | €384,624,259 | -€796.8m | -67.4% |
| Amounts payable within one year | 42/48 | €1,176,056,811 | €382,404,649 | -€793.7m | -67.5% |
| Trade debts | 44 | €81,420,934 | €9,129,948 | -€72.3m | -88.8% |
| Suppliers | 440/4 | €81,420,934 | €9,129,948 | -€72.3m | -88.8% |
| Taxes, remuneration and social security | 45 | €1,427,831 | €1,608,851 | +€181,020 | +12.7% |
| Taxes | 450/3 | €178,125 | €297,761 | +€119,636 | +67.2% |
| Remuneration and social security | 454/9 | €1,249,706 | €1,311,090 | +€61,384 | +4.9% |
| Other amounts payable | 47/48 | €1,093,208,046 | €371,665,850 | -€721.5m | -66.0% |
| Accrued charges and deferred income | 492/3 | €5,394,207 | €2,219,610 | -€3.2m | -58.9% |
| Operating income | 70/76A | €17,013,284 | €20,059,888 | +€3.0m | +17.9% |
| Turnover | 70 | €17,012,072 | €20,050,242 | +€3.0m | +17.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,212 | - | -€1,212 | |
| Other operating income | 74 | - | €9,646 | +€9,646 | |
| Operating charges | 60/66A | €21,095,097 | €22,916,258 | +€1.8m | +8.6% |
| Goods for resale, raw materials and consumables | 60 | €595,968 | €515,057 | -€80,911 | -13.6% |
| Purchases | 600/8 | €595,968 | €515,057 | -€80,911 | -13.6% |
| Services and other goods | 61 | €15,163,480 | €16,816,772 | +€1.7m | +10.9% |
| Remuneration, social security and pensions | 62 | €4,829,296 | €4,457,309 | -€371,987 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500,056 | €724,333 | +€224,277 | +44.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €90,381 | +€90,381 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€10,500 | - | +€10,500 | |
| Other operating charges | 640/8 | €16,797 | €312,406 | +€295,609 | +1759.9% |
| Operating profit (loss) | 9901 | -€4,081,813 | -€2,856,370 | +€1.2m | +30.0% |
| Financial income | 75/76B | €3,766,394 | €4,632,208 | +€865,814 | +23.0% |
| Recurring financial income | 75 | €3,766,394 | €4,632,208 | +€865,814 | +23.0% |
| Income from financial fixed assets | 750 | - | €40,901 | +€40,901 | |
| Other financial income | 752/9 | €3,766,394 | €4,591,307 | +€824,913 | +21.9% |
| Financial charges | 65/66B | €399,388 | €154,078 | -€245,310 | -61.4% |
| Recurring financial charges | 65 | €399,388 | €154,078 | -€245,310 | -61.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €0 | = | |
| Other financial charges | 652/9 | €399,388 | €154,078 | -€245,310 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | -€714,807 | €1,621,760 | +€2.3m | |
| Income taxes | 67/77 | €18,066 | €2,732 | -€15,334 | -84.9% |
| Taxes | 670/3 | €18,066 | €2,732 | -€15,334 | -84.9% |
| Profit (loss) for the period | 9904 | -€732,873 | €1,619,028 | +€2.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€732,873 | €1,619,028 | +€2.4m |
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 2 October 2026 via checked.be.