P.I. COMMUNICATIONS: 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.
P.I. COMMUNICATIONS
Largest movements
- Tangible fixed assets -€9,136
down €9,136 (-5.3%), from €171,576 to €162,439
of which Land and buildings: -€8,824
- Cash -€4,363
down €4,363 (-4.9%), from €89,080 to €84,716
mainly Net result for the year (-€18,605) and Trade debts (-€1,209)
- Profit (loss) carried forward -€17,118
down €17,118 (-6.6%), from €257,873 to €240,756
- Other operating charges +€23,353
up €23,353 (+556.8%), from €4,194 to €27,548
- Gross operating margin +€5,625
up €5,625 (+76.1%), from €7,395 to €13,021
- Financial income +€950
up €950 (+26.5%), from €3,589 to €4,540
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 | €431,469 | €410,968 | -€20,501 | -4.8% |
| Fixed assets | 21/28 | €171,576 | €162,439 | -€9,136 | -5.3% |
| Tangible fixed assets | 22/27 | €171,576 | €162,439 | -€9,136 | -5.3% |
| Land and buildings | 22 | €161,054 | €152,230 | -€8,824 | -5.5% |
| Plant, machinery and equipment | 23 | €1,249 | €937 | -€312 | -25.0% |
| Furniture and vehicles | 24 | €9,272 | €9,272 | -€0 | 0.0% |
| Current assets | 29/58 | €259,894 | €248,528 | -€11,365 | -4.4% |
| Amounts receivable after more than one year | 29 | €54,872 | €51,743 | -€3,129 | -5.7% |
| Trade receivables | 290 | €54,872 | €51,743 | -€3,129 | -5.7% |
| Stocks and contracts in progress | 3 | €1,970 | - | -€1,970 | |
| Stocks | 30/36 | €1,970 | - | -€1,970 | |
| Amounts receivable within one year | 40/41 | €113,751 | €111,934 | -€1,817 | -1.6% |
| Trade receivables | 40 | €1,493 | - | -€1,493 | |
| Other amounts receivable | 41 | €112,258 | €111,934 | -€324 | -0.3% |
| Cash at bank and in hand | 54/58 | €89,080 | €84,716 | -€4,363 | -4.9% |
| Deferred charges and accrued income | 490/1 | €221 | €135 | -€85 | -38.6% |
| Total equity and liabilities | 10/49 | €431,469 | €410,968 | -€20,501 | -4.8% |
| Equity | 10/15 | €417,407 | €398,802 | -€18,605 | -4.5% |
| Contributions | 10/11 | €8,065 | €8,065 | = | 0.0% |
| Reserves | 13 | €151,468 | €149,981 | -€1,487 | -1.0% |
| Tax-exempt reserves | 132 | €21,468 | €19,981 | -€1,487 | -6.9% |
| Distributable reserves | 133 | €130,000 | €130,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,873 | €240,756 | -€17,118 | -6.6% |
| Provisions and deferred taxes | 16 | €11,055 | €10,289 | -€766 | -6.9% |
| Deferred taxes | 168 | €11,055 | €10,289 | -€766 | -6.9% |
| Amounts payable | 17/49 | €3,008 | €1,878 | -€1,130 | -37.6% |
| Amounts payable within one year | 42/48 | €3,008 | €1,878 | -€1,130 | -37.6% |
| Trade debts | 44 | €2,974 | €1,765 | -€1,209 | -40.6% |
| Suppliers | 440/4 | €2,974 | €1,765 | -€1,209 | -40.6% |
| Taxes, remuneration and social security | 45 | €34 | €82 | +€48 | +143.7% |
| Taxes | 450/3 | €34 | €82 | +€48 | +143.7% |
| Other amounts payable | 47/48 | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,136 | €9,136 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,194 | €27,548 | +€23,353 | +556.8% |
| Gross operating margin | 9900 | €7,395 | €13,021 | +€5,625 | +76.1% |
| Operating profit (loss) | 9901 | -€5,935 | -€23,663 | -€17,728 | -298.7% |
| Financial income | 75/76B | €3,589 | €4,540 | +€950 | +26.5% |
| Recurring financial income | 75 | €3,589 | €4,540 | +€950 | +26.5% |
| Financial charges | 65/66B | €96 | €71 | -€25 | -25.8% |
| Recurring financial charges | 65 | €96 | €71 | -€25 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,442 | -€19,195 | -€16,752 | -686.0% |
| Transfer from deferred taxes | 780 | €766 | €766 | = | 0.0% |
| Income taxes | 67/77 | €208 | €177 | -€31 | -15.0% |
| Profit (loss) for the period | 9904 | -€1,884 | -€18,605 | -€16,721 | -887.6% |
| Transfer from tax-exempt reserves | 789 | €1,487 | €1,487 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€397 | -€17,118 | -€16,721 | -4216.5% |
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.