P.I.M.S.: 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.M.S.
Largest movements
- Cash -€189
down €189 (-67.0%), from €282 to €93
mainly Net result for the year (-€4,084) and Trade debts (-€2,898)
- Receivables within one year -€82
down €82 (-45.2%), from €180 to €99
of which Other amounts receivable: -€82
- Other debts +€6,946
up €6,946 (+3.0%), from €234,992 to €241,938
- Profit (loss) carried forward -€4,084
down €4,084 (-1.2%), from -€351,211 to -€355,295
- Trade debts -€2,898
down €2,898 (-100%), from €2,898 to €0
- Tax, wage and social debts -€235
down €235 (-100%), from €235 to €0
- Gross operating margin +€4,636
up €4,636 (+57.4%), from -€8,081 to -€3,446
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 | €462 | €192 | -€270 | -58.5% |
| Current assets | 29/58 | €462 | €192 | -€270 | -58.5% |
| Amounts receivable within one year | 40/41 | €180 | €99 | -€82 | -45.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €180 | €99 | -€82 | -45.2% |
| Cash at bank and in hand | 54/58 | €282 | €93 | -€189 | -67.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €462 | €192 | -€270 | -58.5% |
| Equity | 10/15 | -€247,662 | -€251,746 | -€4,084 | -1.6% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €16,786 | €16,786 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,786 | €16,786 | = | 0.0% |
| Legal reserve | 130 | €16,786 | €16,786 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€351,211 | -€355,295 | -€4,084 | -1.2% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €238,125 | €241,938 | +€3,813 | +1.6% |
| Amounts payable within one year | 42/48 | €238,125 | €241,938 | +€3,813 | +1.6% |
| Trade debts | 44 | €2,898 | €0 | -€2,898 | -100% |
| Suppliers | 440/4 | €2,898 | €0 | -€2,898 | -100% |
| Taxes, remuneration and social security | 45 | €235 | €0 | -€235 | -100% |
| Taxes | 450/3 | €235 | €0 | -€235 | -100% |
| Other amounts payable | 47/48 | €234,992 | €241,938 | +€6,946 | +3.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €479 | €488 | +€9 | +1.9% |
| Gross operating margin | 9900 | -€8,081 | -€3,446 | +€4,636 | +57.4% |
| Operating profit (loss) | 9901 | -€8,560 | -€3,934 | +€4,627 | +54.0% |
| Financial charges | 65/66B | €150 | €150 | -€0 | -0.2% |
| Recurring financial charges | 65 | €150 | €150 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,711 | -€4,084 | +€4,627 | +53.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€8,711 | -€4,084 | +€4,627 | +53.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,711 | -€4,084 | +€4,627 | +53.1% |
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 23 October 2026 via checked.be.