PT FINISH: 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.
PT FINISH
Largest movements
- Receivables within one year -€22,927
down €22,927 (-30.3%), from €75,728 to €52,801
of which Trade receivables: -€16,494
- Tangible fixed assets -€15,233
down €15,233 (-35.1%), from €43,354 to €28,121
- Deferred charges and accrued income +€7,128
up €7,128 (+171%), from €4,180 to €11,308
- Current investments +€1,927
up €1,927 (+6.0%), from €32,000 to €33,927
- Profit (loss) carried forward -€20,756
down €20,756, from €12,980 to -€7,776
- Current portion of long-term debt -€17,789
down €17,789 (-75.9%), from €23,430 to €5,641
- Trade debts +€12,144
up €12,144 (+4,471%), from €272 to €12,416
- Debts after one year -€5,641
down €5,641 (-47.6%), from €11,854 to €6,213
- Short-term financial debts +€2,743
new in 2025: €2,743
- Gross operating margin -€18,962
down €18,962, from €12,129 to -€6,833
- Financial income +€1,994
up €1,994 (+866%), from €230 to €2,225
- Other operating charges -€1,387
down €1,387 (-98.1%), from €1,414 to €27
- Financial charges -€709
down €709 (-48.4%), from €1,463 to €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.
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 | €156,017 | €126,690 | -€29,327 | -18.8% |
| Fixed assets | 21/28 | €43,354 | €28,121 | -€15,233 | -35.1% |
| Tangible fixed assets | 22/27 | €43,354 | €28,121 | -€15,233 | -35.1% |
| Furniture and vehicles | 24 | €43,354 | €28,121 | -€15,233 | -35.1% |
| Current assets | 29/58 | €112,663 | €98,570 | -€14,093 | -12.5% |
| Amounts receivable within one year | 40/41 | €75,728 | €52,801 | -€22,927 | -30.3% |
| Trade receivables | 40 | €38,657 | €22,163 | -€16,494 | -42.7% |
| Other amounts receivable | 41 | €37,071 | €30,638 | -€6,433 | -17.4% |
| Current investments | 50/53 | €32,000 | €33,927 | +€1,927 | +6.0% |
| Cash at bank and in hand | 54/58 | €756 | €534 | -€222 | -29.3% |
| Deferred charges and accrued income | 490/1 | €4,180 | €11,308 | +€7,128 | +171% |
| Total equity and liabilities | 10/49 | €156,017 | €126,690 | -€29,327 | -18.8% |
| Equity | 10/15 | €115,627 | €94,871 | -€20,756 | -18.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €101,647 | €101,647 | = | 0.0% |
| Distributable reserves | 133 | €101,647 | €101,647 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,980 | -€7,776 | -€20,756 | |
| Amounts payable | 17/49 | €40,390 | €31,819 | -€8,571 | -21.2% |
| Amounts payable after more than one year | 17 | €11,854 | €6,213 | -€5,641 | -47.6% |
| Financial debts | 170/4 | €11,854 | €6,213 | -€5,641 | -47.6% |
| Amounts payable within one year | 42/48 | €28,536 | €25,606 | -€2,930 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €23,430 | €5,641 | -€17,789 | -75.9% |
| Financial debts | 43 | - | €2,743 | +€2,743 | |
| Credit institutions | 430/8 | - | €2,743 | +€2,743 | |
| Trade debts | 44 | €272 | €12,416 | +€12,144 | +4,471% |
| Suppliers | 440/4 | €272 | €12,416 | +€12,144 | +4,471% |
| Taxes, remuneration and social security | 45 | €2,572 | €2,544 | -€28 | -1.1% |
| Taxes | 450/3 | €160 | €132 | -€28 | -17.5% |
| Remuneration and social security | 454/9 | €2,412 | €2,412 | = | 0.0% |
| Other amounts payable | 47/48 | €2,263 | €2,263 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,233 | €15,233 | = | 0.0% |
| Other operating charges | 640/8 | €1,414 | €27 | -€1,387 | -98.1% |
| Gross operating margin | 9900 | €12,129 | -€6,833 | -€18,962 | |
| Operating profit (loss) | 9901 | -€4,518 | -€22,094 | -€17,576 | -389% |
| Financial income | 75/76B | €230 | €2,225 | +€1,994 | +866% |
| Recurring financial income | 75 | €230 | €2,225 | +€1,994 | +866% |
| Financial charges | 65/66B | €1,463 | €754 | -€709 | -48.4% |
| Recurring financial charges | 65 | €1,463 | €754 | -€709 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,751 | -€20,624 | -€14,873 | -259% |
| Income taxes | 67/77 | €200 | €132 | -€68 | -34.0% |
| Profit (loss) for the period | 9904 | -€5,951 | -€20,756 | -€14,805 | -249% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,951 | -€20,756 | -€14,805 | -249% |
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 26 October 2026 via checked.be.