PTF MANAGEMENT: 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.
PTF MANAGEMENT
Largest movements
- Cash -€6,397
down €6,397 (-74.6%), from €8,570 to €2,173
mainly Contributions, distributions and other (-€73,500) and Receivables within one year (-€6,143)
- Receivables within one year +€6,143
up €6,143 (+5.5%), from €111,201 to €117,344
of which Other amounts receivable: +€47,671
- Reserves -€10,000
down €10,000 (-84.3%), from €11,860 to €1,860
- Other debts +€6,846
up €6,846 (+9.4%), from €73,007 to €79,853
- Trade debts +€3,336
up €3,336 (+347%), from €961 to €4,298
- Tax, wage and social debts -€2,945
down €2,945 (-21.4%), from €13,750 to €10,805
of which Remuneration and social security: -€3,000
- Accrued charges and deferred income +€1,706
up €1,706 (+103%), from €1,656 to €3,363
- Gross operating margin -€3,450
down €3,450 (-4.2%), from €82,665 to €79,215
- Taxes -€1,850
down €1,850 (-10.4%), from €17,875 to €16,025
- Financial income +€1,175
up €1,175 (+143%), from €820 to €1,996
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,568 | €119,889 | -€679 | -0.6% |
| Fixed assets | 21/28 | €389 | €267 | -€122 | -31.5% |
| Tangible fixed assets | 22/27 | €345 | €223 | -€122 | -35.4% |
| Furniture and vehicles | 24 | €345 | €223 | -€122 | -35.4% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €120,179 | €119,622 | -€557 | -0.5% |
| Amounts receivable within one year | 40/41 | €111,201 | €117,344 | +€6,143 | +5.5% |
| Trade receivables | 40 | €75,373 | €33,845 | -€41,528 | -55.1% |
| Other amounts receivable | 41 | €35,828 | €83,499 | +€47,671 | +133% |
| Cash at bank and in hand | 54/58 | €8,570 | €2,173 | -€6,397 | -74.6% |
| Deferred charges and accrued income | 490/1 | €408 | €105 | -€303 | -74.2% |
| Total equity and liabilities | 10/49 | €120,568 | €119,889 | -€679 | -0.6% |
| Equity | 10/15 | €31,193 | €21,571 | -€9,623 | -30.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €1,860 | -€10,000 | -84.3% |
| Distributable reserves | 133 | €11,860 | €1,860 | -€10,000 | -84.3% |
| Profit (loss) carried forward | 14 | €733 | €1,111 | +€377 | +51.4% |
| Amounts payable | 17/49 | €89,375 | €98,318 | +€8,943 | +10.0% |
| Amounts payable within one year | 42/48 | €87,718 | €94,955 | +€7,237 | +8.3% |
| Trade debts | 44 | €961 | €4,298 | +€3,336 | +347% |
| Suppliers | 440/4 | €961 | €4,298 | +€3,336 | +347% |
| Taxes, remuneration and social security | 45 | €13,750 | €10,805 | -€2,945 | -21.4% |
| Taxes | 450/3 | €10,750 | €10,805 | +€55 | +0.5% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €73,007 | €79,853 | +€6,846 | +9.4% |
| Accrued charges and deferred income | 492/3 | €1,656 | €3,363 | +€1,706 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21 | €122 | +€101 | +470% |
| Other operating charges | 640/8 | €901 | €938 | +€38 | +4.2% |
| Gross operating margin | 9900 | €82,665 | €79,215 | -€3,450 | -4.2% |
| Operating profit (loss) | 9901 | €81,742 | €78,154 | -€3,588 | -4.4% |
| Financial income | 75/76B | €820 | €1,996 | +€1,175 | +143% |
| Recurring financial income | 75 | €820 | €1,996 | +€1,175 | +143% |
| Financial charges | 65/66B | €247 | €248 | +€2 | +0.6% |
| Recurring financial charges | 65 | €247 | €248 | +€2 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €82,316 | €79,902 | -€2,414 | -2.9% |
| Income taxes | 67/77 | €17,875 | €16,025 | -€1,850 | -10.4% |
| Profit (loss) for the period | 9904 | €64,441 | €63,877 | -€564 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,441 | €63,877 | -€564 | -0.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.