Growing pAI: 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.
Growing pAI
Largest movements
- Receivables within one year +€443,459
up €443,459 (+290.7%), from €152,544 to €596,002
of which Trade receivables: +€415,067
- Cash +€95,941
up €95,941 (+144.3%), from €66,467 to €162,408
mainly Net result for the year (+€371,068) and Trade debts (+€271,420)
- Trade debts +€271,420
up €271,420 (+185.4%), from €146,382 to €417,802
- Reserves +€248,000
up €248,000 (+231.1%), from €107,296 to €355,296
- Other debts +€43,739
up €43,739 (+53.5%), from €81,806 to €125,546
- Tax, wage and social debts -€17,884
down €17,884 (-42.1%), from €42,519 to €24,635
- Gross operating margin +€187,092
up €187,092 (+104.3%), from €179,373 to €366,465
- Taxes -€18,787
down €18,787 (-99.7%), from €18,841 to €54
- Financial income +€6,728
up €6,728 (+11097.3%), from €61 to €6,789
- Financial charges -€3,829
down €3,829 (-76.1%), from €5,029 to €1,201
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 | €398,840 | €943,968 | +€545,128 | +136.7% |
| Current assets | 29/58 | €398,840 | €943,968 | +€545,128 | +136.7% |
| Amounts receivable within one year | 40/41 | €152,544 | €596,002 | +€443,459 | +290.7% |
| Trade receivables | 40 | €147,761 | €562,828 | +€415,067 | +280.9% |
| Other amounts receivable | 41 | €4,782 | €33,174 | +€28,392 | +593.7% |
| Current investments | 50/53 | €179,830 | €185,558 | +€5,729 | +3.2% |
| Cash at bank and in hand | 54/58 | €66,467 | €162,408 | +€95,941 | +144.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €398,840 | €943,968 | +€545,128 | +136.7% |
| Equity | 10/15 | €127,517 | €375,986 | +€248,468 | +194.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €107,296 | €355,296 | +€248,000 | +231.1% |
| Distributable reserves | 133 | €107,296 | €355,296 | +€248,000 | +231.1% |
| Profit (loss) carried forward | 14 | €221 | €689 | +€468 | +212.0% |
| Amounts payable | 17/49 | €271,323 | €567,983 | +€296,660 | +109.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €271,323 | €567,983 | +€296,660 | +109.3% |
| Financial debts | 43 | €615 | €0 | -€615 | -100.0% |
| Credit institutions | 430/8 | €615 | €0 | -€615 | -100.0% |
| Trade debts | 44 | €146,382 | €417,802 | +€271,420 | +185.4% |
| Suppliers | 440/4 | €146,382 | €417,802 | +€271,420 | +185.4% |
| Taxes, remuneration and social security | 45 | €42,519 | €24,635 | -€17,884 | -42.1% |
| Taxes | 450/3 | €42,519 | €24,635 | -€17,884 | -42.1% |
| Other amounts payable | 47/48 | €81,806 | €125,546 | +€43,739 | +53.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €405 | €931 | +€526 | +129.8% |
| Gross operating margin | 9900 | €179,373 | €366,465 | +€187,092 | +104.3% |
| Operating profit (loss) | 9901 | €178,968 | €365,534 | +€186,566 | +104.2% |
| Financial income | 75/76B | €61 | €6,789 | +€6,728 | +11097.3% |
| Recurring financial income | 75 | €61 | €6,789 | +€6,728 | +11097.3% |
| Financial charges | 65/66B | €5,029 | €1,201 | -€3,829 | -76.1% |
| Recurring financial charges | 65 | €5,029 | €1,201 | -€3,829 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | €174,000 | €371,122 | +€197,123 | +113.3% |
| Income taxes | 67/77 | €18,841 | €54 | -€18,787 | -99.7% |
| Profit (loss) for the period | 9904 | €155,159 | €371,068 | +€215,910 | +139.2% |
| Profit (loss) for the period to be appropriated | 9905 | €155,159 | €371,068 | +€215,910 | +139.2% |
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 12 October 2026 via checked.be.