A. PIQ: 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.
A. PIQ
Largest movements
- Receivables within one year +€9,138
up €9,138 (+114.7%), from €7,968 to €17,105
of which Other amounts receivable: +€10,251
- Other debts +€20,623
up €20,623 (+12765.1%), from €162 to €20,785
- Contributions -€11,160
down €11,160 (-60.0%), from €18,600 to €7,440
- Reserves -€1,116
down €1,116 (-4.1%), from €27,087 to €25,971
- Profit (loss) carried forward -€872
down €872 (-23.5%), from €3,715 to €2,843
- Gross operating margin -€5,676
down €5,676 (-30.7%), from €18,516 to €12,840
- Financial charges -€2,938
down €2,938 (-59.4%), from €4,949 to €2,011
- Taxes +€869
up €869 (+38.7%), from €2,244 to €3,113
- Financial income +€541
new in 2025: €541
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 | €60,063 | €68,161 | +€8,098 | +13.5% |
| Current assets | 29/58 | €60,063 | €68,161 | +€8,098 | +13.5% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,968 | €17,105 | +€9,138 | +114.7% |
| Trade receivables | 40 | €7,968 | €6,855 | -€1,113 | -14.0% |
| Other amounts receivable | 41 | - | €10,251 | +€10,251 | |
| Cash at bank and in hand | 54/58 | €1,678 | €1,055 | -€623 | -37.1% |
| Deferred charges and accrued income | 490/1 | €417 | - | -€417 | |
| Total equity and liabilities | 10/49 | €60,063 | €68,161 | +€8,098 | +13.5% |
| Equity | 10/15 | €49,402 | €36,254 | -€13,148 | -26.6% |
| Contributions | 10/11 | €18,600 | €7,440 | -€11,160 | -60.0% |
| Reserves | 13 | €27,087 | €25,971 | -€1,116 | -4.1% |
| Non-distributable reserves | 130/1 | €27,087 | €25,971 | -€1,116 | -4.1% |
| Reserves not available under the articles | 1311 | €1,860 | €744 | -€1,116 | -60.0% |
| Other | 1319 | €25,227 | €25,227 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,715 | €2,843 | -€872 | -23.5% |
| Amounts payable | 17/49 | €10,661 | €31,907 | +€21,246 | +199.3% |
| Amounts payable within one year | 42/48 | €10,661 | €31,907 | +€21,246 | +199.3% |
| Trade debts | 44 | €7,060 | €7,147 | +€87 | +1.2% |
| Suppliers | 440/4 | €7,060 | €7,147 | +€87 | +1.2% |
| Taxes, remuneration and social security | 45 | €3,439 | €3,975 | +€536 | +15.6% |
| Taxes | 450/3 | €3,439 | €3,975 | +€536 | +15.6% |
| Other amounts payable | 47/48 | €162 | €20,785 | +€20,623 | +12765.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €18,516 | €12,840 | -€5,676 | -30.7% |
| Operating profit (loss) | 9901 | €18,129 | €12,440 | -€5,689 | -31.4% |
| Financial income | 75/76B | - | €541 | +€541 | |
| Recurring financial income | 75 | - | €541 | +€541 | |
| Financial charges | 65/66B | €4,949 | €2,011 | -€2,938 | -59.4% |
| Recurring financial charges | 65 | €4,949 | €2,011 | -€2,938 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | €13,180 | €10,970 | -€2,210 | -16.8% |
| Income taxes | 67/77 | €2,244 | €3,113 | +€869 | +38.7% |
| Profit (loss) for the period | 9904 | €10,936 | €7,857 | -€3,079 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,936 | €7,857 | -€3,079 | -28.2% |
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 4 October 2026 via checked.be.