PI CARRE: 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.
PI CARRE
Largest movements
- Tangible fixed assets +€181,440
up €181,440 (+29.4%), from €617,187 to €798,627
of which Land and buildings: +€170,648
- Stocks and contracts +€121,020
new in 2024: €121,020
- Receivables within one year -€39,138
down €39,138 (-8.9%), from €439,766 to €400,628
of which Other amounts receivable: -€53,983
- Cash +€16,013
up €16,013 (+21.8%), from €73,574 to €89,587
mainly Short-term financial debts (+€168,695) and Debts after one year (+€155,577)
- Short-term financial debts +€168,695
new in 2024: €168,695
- Debts after one year +€155,577
up €155,577 (+63.1%), from €246,629 to €402,206
of which Financial debts: +€150,777
- Reserves -€25,977
down €25,977 (-6.3%), from €413,983 to €388,006
of which Tax-exempt reserves: -€25,977
- Trade debts -€22,715
down €22,715 (-38.7%), from €58,736 to €36,021
- Gross operating margin +€41,976
up €41,976 (+162.4%), from €25,848 to €67,824
- Depreciation +€23,406
up €23,406 (+57.2%), from €40,915 to €64,321
- Purchases and services -€20,047
down €20,047 (-25.0%), from €80,308 to €60,261
- Financial charges +€16,112
up €16,112 (+199.4%), from €8,080 to €24,192
- Turnover +€11,131
up €11,131 (+29.0%), from €38,400 to €49,531
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,162,770 | €1,442,089 | +€279,319 | +24.0% |
| Fixed assets | 21/28 | €648,187 | €829,627 | +€181,440 | +28.0% |
| Tangible fixed assets | 22/27 | €617,187 | €798,627 | +€181,440 | +29.4% |
| Land and buildings | 22 | €616,325 | €786,973 | +€170,648 | +27.7% |
| Furniture and vehicles | 24 | €862 | €11,654 | +€10,792 | +1252.0% |
| Financial fixed assets | 28 | €31,000 | €31,000 | = | 0.0% |
| Current assets | 29/58 | €514,583 | €612,462 | +€97,879 | +19.0% |
| Stocks and contracts in progress | 3 | - | €121,020 | +€121,020 | |
| Stocks | 30/36 | - | €121,020 | +€121,020 | |
| Amounts receivable within one year | 40/41 | €439,766 | €400,628 | -€39,138 | -8.9% |
| Trade receivables | 40 | €64,958 | €79,803 | +€14,845 | +22.9% |
| Other amounts receivable | 41 | €374,808 | €320,825 | -€53,983 | -14.4% |
| Cash at bank and in hand | 54/58 | €73,574 | €89,587 | +€16,013 | +21.8% |
| Deferred charges and accrued income | 490/1 | €1,243 | €1,227 | -€16 | -1.3% |
| Total equity and liabilities | 10/49 | €1,162,770 | €1,442,089 | +€279,319 | +24.0% |
| Equity | 10/15 | €451,027 | €429,109 | -€21,918 | -4.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €413,983 | €388,006 | -€25,977 | -6.3% |
| Non-distributable reserves | 130/1 | €538 | €538 | = | 0.0% |
| Legal reserve | 130 | €538 | €538 | = | 0.0% |
| Tax-exempt reserves | 132 | €413,445 | €387,468 | -€25,977 | -6.3% |
| Profit (loss) carried forward | 14 | -€24,956 | -€20,897 | +€4,059 | +16.3% |
| Provisions and deferred taxes | 16 | €137,815 | €129,156 | -€8,659 | -6.3% |
| Deferred taxes | 168 | €137,815 | €129,156 | -€8,659 | -6.3% |
| Amounts payable | 17/49 | €573,928 | €883,824 | +€309,896 | +54.0% |
| Amounts payable after more than one year | 17 | €246,629 | €402,206 | +€155,577 | +63.1% |
| Financial debts | 170/4 | €246,129 | €396,906 | +€150,777 | +61.3% |
| Other amounts payable | 178/9 | €500 | €5,300 | +€4,800 | +960.0% |
| Amounts payable within one year | 42/48 | €327,299 | €481,618 | +€154,319 | +47.1% |
| Current portion of amounts payable after more than one year | 42 | €24,759 | €34,884 | +€10,125 | +40.9% |
| Financial debts | 43 | - | €168,695 | +€168,695 | |
| Credit institutions | 430/8 | - | €168,695 | +€168,695 | |
| Trade debts | 44 | €58,736 | €36,021 | -€22,715 | -38.7% |
| Suppliers | 440/4 | €58,736 | €36,021 | -€22,715 | -38.7% |
| Taxes, remuneration and social security | 45 | €443 | €946 | +€503 | +113.5% |
| Taxes | 450/3 | €443 | €946 | +€503 | +113.5% |
| Other amounts payable | 47/48 | €243,361 | €241,072 | -€2,289 | -0.9% |
| Turnover | 70 | €38,400 | €49,531 | +€11,131 | +29.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €80,308 | €60,261 | -€20,047 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,915 | €64,321 | +€23,406 | +57.2% |
| Other operating charges | 640/8 | €560 | €11,602 | +€11,042 | +1971.8% |
| Non-recurring operating charges | 66A | €394 | - | -€394 | |
| Gross operating margin | 9900 | €25,848 | €67,824 | +€41,976 | +162.4% |
| Operating profit (loss) | 9901 | -€16,021 | -€8,099 | +€7,922 | +49.4% |
| Financial income | 75/76B | €6 | €2,217 | +€2,211 | +36850.0% |
| Recurring financial income | 75 | €6 | €2,217 | +€2,211 | +36850.0% |
| Financial charges | 65/66B | €8,080 | €24,192 | +€16,112 | +199.4% |
| Recurring financial charges | 65 | €8,080 | €24,192 | +€16,112 | +199.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,095 | -€30,074 | -€5,979 | -24.8% |
| Transfer from deferred taxes | 780 | €3,233 | €8,659 | +€5,426 | +167.8% |
| Income taxes | 67/77 | €443 | €503 | +€60 | +13.5% |
| Profit (loss) for the period | 9904 | -€21,305 | -€21,918 | -€613 | -2.9% |
| Transfer from tax-exempt reserves | 789 | €9,698 | €25,977 | +€16,279 | +167.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,607 | €4,059 | +€15,666 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.