P-Tech: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
P-Tech
Largest movements
- Tangible fixed assets +€153,409
up €153,409 (+20.3%), from €757,326 to €910,735
of which Land and buildings: +€162,320
- Receivables within one year +€31,504
up €31,504 (+2,510%), from €1,255 to €32,759
of which Other amounts receivable: +€31,390
- Cash +€23,099
up €23,099 (+215%), from €10,739 to €33,838
mainly Other debts (+€118,360) and Trade debts (+€117,523)
- Other debts +€118,360
up €118,360 (+64.6%), from €183,334 to €301,694
- Trade debts +€117,523
up €117,523 (+354%), from €33,163 to €150,686
- Debts after one year -€35,911
down €35,911 (-7.0%), from €512,446 to €476,535
of which Financial debts: -€33,211
- Gross operating margin +€51,285
up €51,285 (+112%), from €45,956 to €97,241
- Depreciation +€16,099
up €16,099 (+32.7%), from €49,208 to €65,307
- Other operating charges +€3,509
up €3,509 (+235%), from €1,496 to €5,005
- Financial charges -€3,079
down €3,079 (-12.1%), from €25,392 to €22,313
- Taxes +€1,001
up €1,001 (+521%), from €192 to €1,193
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €784,630 | €983,200 | +€198,570 | +25.3% |
| Fixed assets | 21/28 | €757,326 | €910,735 | +€153,409 | +20.3% |
| Tangible fixed assets | 22/27 | €757,326 | €910,735 | +€153,409 | +20.3% |
| Land and buildings | 22 | €612,609 | €774,929 | +€162,320 | +26.5% |
| Furniture and vehicles | 24 | €8,195 | €16,766 | +€8,571 | +105% |
| Other tangible fixed assets | 26 | €136,522 | €119,040 | -€17,483 | -12.8% |
| Current assets | 29/58 | €27,304 | €72,466 | +€45,161 | +165% |
| Amounts receivable within one year | 40/41 | €1,255 | €32,759 | +€31,504 | +2,510% |
| Trade receivables | 40 | €0 | €114 | +€114 | |
| Other amounts receivable | 41 | €1,255 | €32,645 | +€31,390 | +2,501% |
| Cash at bank and in hand | 54/58 | €10,739 | €33,838 | +€23,099 | +215% |
| Deferred charges and accrued income | 490/1 | €15,310 | €5,869 | -€9,442 | -61.7% |
| Total equity and liabilities | 10/49 | €784,630 | €983,200 | +€198,570 | +25.3% |
| Equity | 10/15 | €6,894 | €10,317 | +€3,423 | +49.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,626 | €18,626 | = | 0.0% |
| Distributable reserves | 133 | €18,626 | €18,626 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,332 | -€26,909 | +€3,423 | +11.3% |
| Amounts payable | 17/49 | €777,735 | €972,883 | +€195,148 | +25.1% |
| Amounts payable after more than one year | 17 | €512,446 | €476,535 | -€35,911 | -7.0% |
| Financial debts | 170/4 | €509,746 | €476,535 | -€33,211 | -6.5% |
| Other amounts payable | 178/9 | €2,700 | €0 | -€2,700 | -100% |
| Amounts payable within one year | 42/48 | €265,289 | €496,348 | +€231,059 | +87.1% |
| Current portion of amounts payable after more than one year | 42 | €33,572 | €34,015 | +€444 | +1.3% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €33,163 | €150,686 | +€117,523 | +354% |
| Suppliers | 440/4 | €33,163 | €150,686 | +€117,523 | +354% |
| Taxes, remuneration and social security | 45 | €15,220 | €9,953 | -€5,267 | -34.6% |
| Taxes | 450/3 | €15,220 | €9,953 | -€5,267 | -34.6% |
| Other amounts payable | 47/48 | €183,334 | €301,694 | +€118,360 | +64.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,208 | €65,307 | +€16,099 | +32.7% |
| Other operating charges | 640/8 | €1,496 | €5,005 | +€3,509 | +235% |
| Gross operating margin | 9900 | €45,956 | €97,241 | +€51,285 | +112% |
| Operating profit (loss) | 9901 | -€4,747 | €26,929 | +€31,677 | |
| Financial charges | 65/66B | €25,392 | €22,313 | -€3,079 | -12.1% |
| Recurring financial charges | 65 | €25,392 | €22,313 | -€3,079 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,140 | €4,616 | +€34,756 | |
| Income taxes | 67/77 | €192 | €1,193 | +€1,001 | +521% |
| Profit (loss) for the period | 9904 | -€30,332 | €3,423 | +€33,755 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,332 | €3,423 | +€33,755 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.