PTR MANAGEMENT: 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.
PTR MANAGEMENT
Largest movements
- Receivables after one year +€100,000
up €100,000 (+14.3%), from €700,000 to €800,000
- Cash +€18,209
up €18,209 (+3.7%), from €491,306 to €509,515
mainly Net result for the year (+€306,736) and Tax, wage and social debts (+€4,902)
- Reserves +€148,199
up €148,199 (+12.0%), from €1.2m to €1.4m
- Other debts -€40,670
down €40,670 (-25.7%), from €158,373 to €117,703
- Gross operating margin -€134,064
down €134,064 (-94.4%), from €141,988 to €7,923
- Financial income -€22,410
down €22,410 (-6.5%), from €346,020 to €323,610
- Taxes -€16,465
down €16,465 (-44.0%), from €37,427 to €20,962
- Financial charges -€3,288
down €3,288 (-57.0%), from €5,771 to €2,483
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 | €1,476,949 | €1,589,842 | +€112,894 | +7.6% |
| Fixed assets | 21/28 | €280,308 | €280,308 | = | 0.0% |
| Tangible fixed assets | 22/27 | €30,308 | €30,308 | = | 0.0% |
| Land and buildings | 22 | €30,308 | €30,308 | = | 0.0% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €1,196,641 | €1,309,535 | +€112,894 | +9.4% |
| Amounts receivable after more than one year | 29 | €700,000 | €800,000 | +€100,000 | +14.3% |
| Other amounts receivable | 291 | €700,000 | €800,000 | +€100,000 | +14.3% |
| Amounts receivable within one year | 40/41 | €3,939 | €20 | -€3,920 | -99.5% |
| Trade receivables | 40 | €615 | €0 | -€615 | -100.0% |
| Other amounts receivable | 41 | €3,325 | €20 | -€3,305 | -99.4% |
| Cash at bank and in hand | 54/58 | €491,306 | €509,515 | +€18,209 | +3.7% |
| Deferred charges and accrued income | 490/1 | €1,396 | €0 | -€1,396 | -100.0% |
| Total equity and liabilities | 10/49 | €1,476,949 | €1,589,842 | +€112,894 | +7.6% |
| Equity | 10/15 | €1,278,727 | €1,426,926 | +€148,199 | +11.6% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €1,230,127 | €1,378,326 | +€148,199 | +12.0% |
| Distributable reserves | 133 | €1,230,127 | €1,378,326 | +€148,199 | +12.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €198,222 | €162,917 | -€35,305 | -17.8% |
| Amounts payable within one year | 42/48 | €194,727 | €158,824 | -€35,902 | -18.4% |
| Trade debts | 44 | €134 | €0 | -€134 | -100.0% |
| Suppliers | 440/4 | €134 | €0 | -€134 | -100.0% |
| Taxes, remuneration and social security | 45 | €36,220 | €41,122 | +€4,902 | +13.5% |
| Taxes | 450/3 | €36,220 | €41,122 | +€4,902 | +13.5% |
| Other amounts payable | 47/48 | €158,373 | €117,703 | -€40,670 | -25.7% |
| Accrued charges and deferred income | 492/3 | €3,495 | €4,092 | +€597 | +17.1% |
| Other operating charges | 640/8 | €1,264 | €1,352 | +€88 | +6.9% |
| Gross operating margin | 9900 | €141,988 | €7,923 | -€134,064 | -94.4% |
| Operating profit (loss) | 9901 | €140,723 | €6,571 | -€134,152 | -95.3% |
| Financial income | 75/76B | €346,020 | €323,610 | -€22,410 | -6.5% |
| Recurring financial income | 75 | €346,020 | €323,610 | -€22,410 | -6.5% |
| Financial charges | 65/66B | €5,771 | €2,483 | -€3,288 | -57.0% |
| Recurring financial charges | 65 | €5,771 | €2,483 | -€3,288 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €480,972 | €327,697 | -€153,274 | -31.9% |
| Income taxes | 67/77 | €37,427 | €20,962 | -€16,465 | -44.0% |
| Profit (loss) for the period | 9904 | €443,545 | €306,736 | -€136,809 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €443,545 | €306,736 | -€136,809 | -30.8% |
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.