Ptah Global Services: 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.
Ptah Global Services
Largest movements
- Cash +€33,344
up €33,344 (+811%), from €4,112 to €37,456
mainly Net result for the year (+€35,482) and Trade debts (+€15,514)
- Receivables within one year +€26,529
up €26,529 (+231%), from €11,481 to €38,010
of which Trade receivables: +€19,354
- Tangible fixed assets -€4,169
down €4,169 (-44.2%), from €9,431 to €5,262
of which Furniture and vehicles: -€3,720
- Deferred charges and accrued income -€1,651
down €1,651 (-80.6%), from €2,048 to €397
- Reserves +€30,000
new in 2025: €30,000
- Trade debts +€15,514
up €15,514 (+5,154%), from €301 to €15,815
of which Suppliers: +€13,074
- Other debts +€14,250
up €14,250 (+518%), from €2,750 to €17,000
- Profit (loss) carried forward -€11,518
down €11,518 (-78.0%), from €14,770 to €3,252
- Tax, wage and social debts +€5,347
up €5,347 (+69.0%), from €7,744 to €13,091
of which Taxes: +€4,547
- Gross operating margin +€42,173
up €42,173 (+3,562%), from €1,184 to €43,357
- Depreciation -€1,388
down €1,388 (-20.7%), from €6,716 to €5,328
- Financial charges +€968
up €968 (+210%), from €462 to €1,430
- Taxes +€659
new in 2025: €659
- Other operating charges -€540
down €540 (-54.0%), from €1,000 to €460
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 | €28,765 | €82,358 | +€53,593 | +186% |
| Fixed assets | 21/28 | €11,124 | €6,495 | -€4,629 | -41.6% |
| Intangible fixed assets | 21 | €1,193 | €733 | -€460 | -38.6% |
| Tangible fixed assets | 22/27 | €9,431 | €5,262 | -€4,169 | -44.2% |
| Plant, machinery and equipment | 23 | €449 | - | -€449 | |
| Furniture and vehicles | 24 | €8,982 | €5,262 | -€3,720 | -41.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €17,641 | €75,863 | +€58,222 | +330% |
| Amounts receivable within one year | 40/41 | €11,481 | €38,010 | +€26,529 | +231% |
| Trade receivables | 40 | €11,481 | €30,835 | +€19,354 | +169% |
| Other amounts receivable | 41 | - | €7,175 | +€7,175 | |
| Cash at bank and in hand | 54/58 | €4,112 | €37,456 | +€33,344 | +811% |
| Deferred charges and accrued income | 490/1 | €2,048 | €397 | -€1,651 | -80.6% |
| Total equity and liabilities | 10/49 | €28,765 | €82,358 | +€53,593 | +186% |
| Equity | 10/15 | €17,770 | €36,252 | +€18,482 | +104% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €30,000 | +€30,000 | |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €14,770 | €3,252 | -€11,518 | -78.0% |
| Amounts payable | 17/49 | €10,995 | €46,106 | +€35,111 | +319% |
| Amounts payable within one year | 42/48 | €10,795 | €45,906 | +€35,111 | +325% |
| Trade debts | 44 | €301 | €15,815 | +€15,514 | +5,154% |
| Suppliers | 440/4 | €301 | €13,375 | +€13,074 | +4,344% |
| Bills of exchange payable | 441 | - | €2,440 | +€2,440 | |
| Taxes, remuneration and social security | 45 | €7,744 | €13,091 | +€5,347 | +69.0% |
| Taxes | 450/3 | €6,544 | €11,091 | +€4,547 | +69.5% |
| Remuneration and social security | 454/9 | €1,200 | €2,000 | +€800 | +66.7% |
| Other amounts payable | 47/48 | €2,750 | €17,000 | +€14,250 | +518% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,716 | €5,328 | -€1,388 | -20.7% |
| Other operating charges | 640/8 | €1,000 | €460 | -€540 | -54.0% |
| Gross operating margin | 9900 | €1,184 | €43,357 | +€42,173 | +3,562% |
| Operating profit (loss) | 9901 | -€6,532 | €37,569 | +€44,101 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €462 | €1,430 | +€968 | +210% |
| Recurring financial charges | 65 | €462 | €1,430 | +€968 | +210% |
| Profit (loss) for the period before taxes | 9903 | -€6,994 | €36,141 | +€43,135 | |
| Income taxes | 67/77 | - | €659 | +€659 | |
| Profit (loss) for the period | 9904 | -€6,994 | €35,482 | +€42,476 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,994 | €35,482 | +€42,476 |
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 15 October 2026 via checked.be.