PPS Systems: 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.
PPS Systems
Largest movements
- Tangible fixed assets -€215,432
down €215,432 (-28.0%), from €770,138 to €554,706
of which Land and buildings: -€191,591
- Cash +€109,207
up €109,207 (+251.3%), from €43,457 to €152,665
mainly Investment in fixed assets (net) (+€143,254) and Depreciation (+€72,178)
- Receivables within one year -€60,670
down €60,670 (-88.9%), from €68,259 to €7,589
of which Trade receivables: -€58,925
- Debts after one year -€46,934
down €46,934 (-12.3%), from €381,022 to €334,088
- Other debts -€35,285
down €35,285 (-100.0%), from €35,285 to €0
- Reserves -€33,233
down €33,233 (-6.8%), from €487,540 to €454,307
- Tax, wage and social debts -€28,250
down €28,250 (-87.1%), from €32,440 to €4,190
of which Taxes: -€29,170
- Trade debts -€19,581
down €19,581 (-91.5%), from €21,397 to €1,816
- Gross operating margin -€43,753
down €43,753 (-28.0%), from €156,134 to €112,381
- Taxes -€22,536
down €22,536 (-90.5%), from €24,891 to €2,356
- Other operating charges +€19,189
up €19,189 (+419.2%), from €4,577 to €23,765
- Financial income +€12,750
up €12,750 (+1219.4%), from €1,046 to €13,795
- Depreciation -€8,457
down €8,457 (-10.5%), from €80,635 to €72,178
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 | €1,026,304 | €859,934 | -€166,370 | -16.2% |
| Fixed assets | 21/28 | €770,319 | €554,888 | -€215,432 | -28.0% |
| Tangible fixed assets | 22/27 | €770,138 | €554,706 | -€215,432 | -28.0% |
| Land and buildings | 22 | €611,176 | €419,584 | -€191,591 | -31.3% |
| Plant, machinery and equipment | 23 | €95,523 | €87,052 | -€8,471 | -8.9% |
| Furniture and vehicles | 24 | €59,589 | €44,220 | -€15,369 | -25.8% |
| Other tangible fixed assets | 26 | €3,850 | €3,850 | = | 0.0% |
| Financial fixed assets | 28 | €181 | €181 | = | 0.0% |
| Current assets | 29/58 | €255,985 | €305,047 | +€49,062 | +19.2% |
| Amounts receivable within one year | 40/41 | €68,259 | €7,589 | -€60,670 | -88.9% |
| Trade receivables | 40 | €60,062 | €1,137 | -€58,925 | -98.1% |
| Other amounts receivable | 41 | €8,198 | €6,452 | -€1,745 | -21.3% |
| Current investments | 50/53 | €141,009 | €141,472 | +€462 | +0.3% |
| Cash at bank and in hand | 54/58 | €43,457 | €152,665 | +€109,207 | +251.3% |
| Deferred charges and accrued income | 490/1 | €3,259 | €3,321 | +€62 | +1.9% |
| Total equity and liabilities | 10/49 | €1,026,304 | €859,934 | -€166,370 | -16.2% |
| Equity | 10/15 | €506,140 | €472,907 | -€33,233 | -6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €487,540 | €454,307 | -€33,233 | -6.8% |
| Distributable reserves | 133 | €487,540 | €454,307 | -€33,233 | -6.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €520,164 | €387,028 | -€133,137 | -25.6% |
| Amounts payable after more than one year | 17 | €381,022 | €334,088 | -€46,934 | -12.3% |
| Financial debts | 170/4 | €381,022 | €334,088 | -€46,934 | -12.3% |
| Amounts payable within one year | 42/48 | €136,994 | €52,940 | -€84,055 | -61.4% |
| Current portion of amounts payable after more than one year | 42 | €46,046 | €46,934 | +€888 | +1.9% |
| Trade debts | 44 | €21,397 | €1,816 | -€19,581 | -91.5% |
| Suppliers | 440/4 | €21,397 | €1,816 | -€19,581 | -91.5% |
| Advances received on contracts in progress | 46 | €1,827 | €0 | -€1,827 | -100.0% |
| Taxes, remuneration and social security | 45 | €32,440 | €4,190 | -€28,250 | -87.1% |
| Taxes | 450/3 | €31,520 | €2,350 | -€29,170 | -92.5% |
| Remuneration and social security | 454/9 | €920 | €1,840 | +€920 | +100.0% |
| Other amounts payable | 47/48 | €35,285 | €0 | -€35,285 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,149 | €0 | -€2,149 | -100.0% |
| Non-recurring operating income | 76A | - | €37,971 | +€37,971 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,635 | €72,178 | -€8,457 | -10.5% |
| Other operating charges | 640/8 | €4,577 | €23,765 | +€19,189 | +419.2% |
| Gross operating margin | 9900 | €156,134 | €112,381 | -€43,753 | -28.0% |
| Operating profit (loss) | 9901 | €70,923 | €16,438 | -€54,485 | -76.8% |
| Financial income | 75/76B | €1,046 | €13,795 | +€12,750 | +1219.4% |
| Recurring financial income | 75 | €1,046 | €13,795 | +€12,750 | +1219.4% |
| Financial charges | 65/66B | €8,455 | €5,876 | -€2,579 | -30.5% |
| Recurring financial charges | 65 | €8,455 | €5,876 | -€2,579 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €63,514 | €24,357 | -€39,156 | -61.7% |
| Income taxes | 67/77 | €24,891 | €2,356 | -€22,536 | -90.5% |
| Profit (loss) for the period | 9904 | €38,622 | €22,001 | -€16,621 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,622 | €22,001 | -€16,621 | -43.0% |
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 12 October 2026 via checked.be.