P.I. DEVELOPMENT: 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. DEVELOPMENT
Largest movements
- Cash +€80,280
up €80,280 (+336%), from €23,910 to €104,190
mainly Current investments (+€78,476) and Net result for the year (+€56,436)
- Current investments -€78,476
down €78,476 (-29.0%), from €270,156 to €191,680
- Deferred charges and accrued income +€7,865
up €7,865 (+673%), from €1,168 to €9,033
- Tax, wage and social debts +€4,306
up €4,306 (+21.0%), from €20,547 to €24,853
of which Taxes: +€4,306
- Reserves +€3,804
up €3,804 (+1.2%), from €304,384 to €308,188
of which Distributable reserves: +€3,804
- Financial income +€6,218
up €6,218 (+1,237%), from €503 to €6,721
- Taxes +€2,791
up €2,791 (+13.6%), from €20,504 to €23,295
- Gross operating margin +€1,952
up €1,952 (+2.4%), from €80,815 to €82,766
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.
Derived cash bridge
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 | €338,740 | €344,210 | +€5,470 | +1.6% |
| Fixed assets | 21/28 | €28,905 | €25,866 | -€3,039 | -10.5% |
| Tangible fixed assets | 22/27 | €28,905 | €25,866 | -€3,039 | -10.5% |
| Land and buildings | 22 | €23,705 | €20,090 | -€3,615 | -15.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,200 | €5,776 | +€576 | +11.1% |
| Current assets | 29/58 | €309,835 | €318,344 | +€8,508 | +2.7% |
| Amounts receivable within one year | 40/41 | €14,601 | €13,440 | -€1,161 | -7.9% |
| Trade receivables | 40 | €14,601 | €13,440 | -€1,161 | -7.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €270,156 | €191,680 | -€78,476 | -29.0% |
| Cash at bank and in hand | 54/58 | €23,910 | €104,190 | +€80,280 | +336% |
| Deferred charges and accrued income | 490/1 | €1,168 | €9,033 | +€7,865 | +673% |
| Total equity and liabilities | 10/49 | €338,740 | €344,210 | +€5,470 | +1.6% |
| Equity | 10/15 | €304,784 | €308,588 | +€3,804 | +1.2% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Reserves | 13 | €304,384 | €308,188 | +€3,804 | +1.2% |
| Non-distributable reserves | 130/1 | €10,860 | €10,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,860 | €10,860 | = | 0.0% |
| Distributable reserves | 133 | €293,524 | €297,328 | +€3,804 | +1.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,956 | €35,622 | +€1,665 | +4.9% |
| Amounts payable within one year | 42/48 | €33,656 | €35,322 | +€1,665 | +4.9% |
| Trade debts | 44 | €316 | €127 | -€188 | -59.6% |
| Suppliers | 440/4 | €316 | €127 | -€188 | -59.6% |
| Taxes, remuneration and social security | 45 | €20,547 | €24,853 | +€4,306 | +21.0% |
| Taxes | 450/3 | €17,047 | €21,353 | +€4,306 | +25.3% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 47/48 | €12,793 | €10,341 | -€2,452 | -19.2% |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,712 | €6,014 | +€302 | +5.3% |
| Other operating charges | 640/8 | €2,575 | €2,695 | +€120 | +4.7% |
| Gross operating margin | 9900 | €80,815 | €82,766 | +€1,952 | +2.4% |
| Operating profit (loss) | 9901 | €72,528 | €74,057 | +€1,529 | +2.1% |
| Financial income | 75/76B | €503 | €6,721 | +€6,218 | +1,237% |
| Recurring financial income | 75 | €503 | €6,721 | +€6,218 | +1,237% |
| Financial charges | 65/66B | €396 | €1,047 | +€651 | +165% |
| Recurring financial charges | 65 | €396 | €1,047 | +€651 | +165% |
| Profit (loss) for the period before taxes | 9903 | €72,635 | €79,731 | +€7,096 | +9.8% |
| Income taxes | 67/77 | €20,504 | €23,295 | +€2,791 | +13.6% |
| Profit (loss) for the period | 9904 | €52,131 | €56,436 | +€4,305 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,131 | €56,436 | +€4,305 | +8.3% |
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 18 October 2026 via checked.be.