PI CAPITAL FUND: what changed
What changed
PI CAPITAL FUND
NACE 64.999, Other financial services
filed annual accounts (NBB)
Net result for the year
-€12,607
2024 · -€17,304+€4,697
Equity
€592,131
2024 · €589,538+€2,593
Cash
€18
2024 · €416-€398
Balance sheet total
€595,493
2024 · €595,018+€475
Largest movements
Assets
- Receivables within one year +€7,070
up €7,070 (+1,231%), from €574 to €7,644
- Receivables after one year -€6,500
down €6,500 (-100%), from €6,500 to €0
Equity and liabilities
- Contributions +€15,200
up €15,200 (+0.9%), from €1.6m to €1.6m
- Profit (loss) carried forward -€12,607
down €12,607 (-1.2%), from -€1.0m to -€1.0m
Income statement
- Financial income +€268,077
up €268,077 (+88,375%), from €303 to €268,380
of which Non-recurring financial income: +€268,077
- Gross operating margin +€4,155
up €4,155 (+24.9%), from -€16,700 to -€12,544
- Other operating charges -€620
down €620 (-83.1%), from €745 to €126
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€17,304
Gross operating margin
+€4,155
Other operating charges
+€620
Other operating items
-€268,077
Financial income
+€268,077
Financial charges
-€77
Result 2025
-€12,607
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€15,598
Investment
€0
Financing
+€15,200
Cash 2024
€416
From operations (derived)
-€15,598
Net result for the year
-€12,607
Receivables after one year
+€6,500
Receivables within one year
-€7,070
Deferred charges and accrued income
-€303
Trade debts
-€3,018
Other debts
+€900
Financing
+€15,200
Contributions, distributions and other
+€15,200
Cash 2025
€18
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €595,018 | €595,493 | +€475 | +0.1% |
| Fixed assets | 21/28 | €586,337 | €586,337 | = | 0.0% |
| Financial fixed assets | 28 | €586,337 | €586,337 | = | 0.0% |
| Current assets | 29/58 | €8,681 | €9,156 | +€475 | +5.5% |
| Amounts receivable after more than one year | 29 | €6,500 | €0 | -€6,500 | -100% |
| Trade receivables | 290 | €6,500 | €0 | -€6,500 | -100% |
| Amounts receivable within one year | 40/41 | €574 | €7,644 | +€7,070 | +1,231% |
| Other amounts receivable | 41 | €574 | €7,644 | +€7,070 | +1,231% |
| Cash at bank and in hand | 54/58 | €416 | €18 | -€398 | -95.7% |
| Deferred charges and accrued income | 490/1 | €1,190 | €1,493 | +€303 | +25.5% |
| Total equity and liabilities | 10/49 | €595,018 | €595,493 | +€475 | +0.1% |
| Equity | 10/15 | €589,538 | €592,131 | +€2,593 | +0.4% |
| Contributions | 10/11 | €1,606,067 | €1,621,267 | +€15,200 | +0.9% |
| Capital | 10 | €1,606,067 | €1,621,267 | +€15,200 | +0.9% |
| Issued capital | 100 | €1,900,000 | €1,900,000 | = | 0.0% |
| Uncalled capital | 101 | €293,933 | €278,733 | -€15,200 | -5.2% |
| Profit (loss) carried forward | 14 | -€1,016,529 | -€1,029,136 | -€12,607 | -1.2% |
| Amounts payable | 17/49 | €5,480 | €3,362 | -€2,118 | -38.7% |
| Amounts payable within one year | 42/48 | €5,480 | €3,362 | -€2,118 | -38.7% |
| Trade debts | 44 | €5,480 | €2,462 | -€3,018 | -55.1% |
| Suppliers | 440/4 | €5,480 | €2,462 | -€3,018 | -55.1% |
| Other amounts payable | 47/48 | - | €900 | +€900 | |
| Other operating charges | 640/8 | €745 | €126 | -€620 | -83.1% |
| Non-recurring operating charges | 66A | - | €268,077 | +€268,077 | |
| Gross operating margin | 9900 | -€16,700 | -€12,544 | +€4,155 | +24.9% |
| Operating profit (loss) | 9901 | -€17,445 | -€280,747 | -€263,302 | -1,509% |
| Financial income | 75/76B | €303 | €268,380 | +€268,077 | +88,375% |
| Recurring financial income | 75 | €303 | €303 | = | 0.0% |
| Non-recurring financial income | 76B | - | €268,077 | +€268,077 | |
| Financial charges | 65/66B | €162 | €240 | +€77 | +47.7% |
| Recurring financial charges | 65 | €162 | €240 | +€77 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,304 | -€12,607 | +€4,697 | +27.1% |
| Profit (loss) for the period | 9904 | -€17,304 | -€12,607 | +€4,697 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,304 | -€12,607 | +€4,697 | +27.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.