PT: 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.
PT
Largest movements
- Cash -€13,555
down €13,555 (-73.3%), from €18,489 to €4,934
mainly Other debts (-€10,506) and Deferred charges and accrued income (-€9,763)
- Deferred charges and accrued income +€9,763
up €9,763 (+700.9%), from €1,393 to €11,156
- Intangible fixed assets -€8,452
down €8,452 (-68.7%), from €12,295 to €3,842
- Receivables within one year -€6,202
down €6,202 (-41.7%), from €14,883 to €8,681
of which Trade receivables: -€9,179
- Tangible fixed assets -€1,549
down €1,549 (-13.0%), from €11,874 to €10,325
of which Furniture and vehicles: -€1,049
- Other debts -€10,506
down €10,506 (-44.2%), from €23,747 to €13,241
- Profit (loss) carried forward -€6,769
down €6,769, from €0 to -€6,769
- Tax, wage and social debts -€2,882
down €2,882 (-51.3%), from €5,623 to €2,741
- Gross operating margin -€28,565
down €28,565 (-80.4%), from €35,541 to €6,977
- Taxes -€2,980
down €2,980 (-99.5%), from €2,996 to €16
- Depreciation -€2,012
down €2,012 (-14.6%), from €13,765 to €11,754
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 | €58,934 | €38,939 | -€19,995 | -33.9% |
| Fixed assets | 21/28 | €24,168 | €14,167 | -€10,001 | -41.4% |
| Intangible fixed assets | 21 | €12,295 | €3,842 | -€8,452 | -68.7% |
| Tangible fixed assets | 22/27 | €11,874 | €10,325 | -€1,549 | -13.0% |
| Plant, machinery and equipment | 23 | €976 | €476 | -€500 | -51.2% |
| Furniture and vehicles | 24 | €10,898 | €9,849 | -€1,049 | -9.6% |
| Current assets | 29/58 | €34,765 | €24,771 | -€9,994 | -28.7% |
| Amounts receivable within one year | 40/41 | €14,883 | €8,681 | -€6,202 | -41.7% |
| Trade receivables | 40 | €14,876 | €5,697 | -€9,179 | -61.7% |
| Other amounts receivable | 41 | €8 | €2,984 | +€2,977 | +39373.1% |
| Cash at bank and in hand | 54/58 | €18,489 | €4,934 | -€13,555 | -73.3% |
| Deferred charges and accrued income | 490/1 | €1,393 | €11,156 | +€9,763 | +700.9% |
| Total equity and liabilities | 10/49 | €58,934 | €38,939 | -€19,995 | -33.9% |
| Equity | 10/15 | €28,981 | €22,212 | -€6,769 | -23.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €10,431 | €10,431 | = | 0.0% |
| Distributable reserves | 133 | €10,431 | €10,431 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€6,769 | -€6,769 | |
| Amounts payable | 17/49 | €29,952 | €16,727 | -€13,226 | -44.2% |
| Amounts payable within one year | 42/48 | €29,952 | €16,727 | -€13,226 | -44.2% |
| Trade debts | 44 | €582 | €745 | +€163 | +27.9% |
| Suppliers | 440/4 | €582 | €745 | +€163 | +27.9% |
| Taxes, remuneration and social security | 45 | €5,623 | €2,741 | -€2,882 | -51.3% |
| Taxes | 450/3 | €5,623 | €2,741 | -€2,882 | -51.3% |
| Other amounts payable | 47/48 | €23,747 | €13,241 | -€10,506 | -44.2% |
| Non-recurring operating income | 76A | - | €3,719 | +€3,719 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,765 | €11,754 | -€2,012 | -14.6% |
| Other operating charges | 640/8 | €1,284 | €1,262 | -€22 | -1.7% |
| Gross operating margin | 9900 | €35,541 | €6,977 | -€28,565 | -80.4% |
| Operating profit (loss) | 9901 | €20,491 | -€6,039 | -€26,531 | |
| Financial income | 75/76B | €0 | €10 | +€10 | |
| Recurring financial income | 75 | €0 | €10 | +€10 | |
| Financial charges | 65/66B | €478 | €724 | +€247 | +51.6% |
| Recurring financial charges | 65 | €478 | €724 | +€247 | +51.6% |
| Profit (loss) for the period before taxes | 9903 | €20,014 | -€6,754 | -€26,767 | |
| Income taxes | 67/77 | €2,996 | €16 | -€2,980 | -99.5% |
| Profit (loss) for the period | 9904 | €17,017 | -€6,769 | -€23,787 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,017 | -€6,769 | -€23,787 |
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 9 October 2026 via checked.be.