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
- Cash +€14,923
up €14,923 (+143%), from €10,417 to €25,340
mainly Net result for the year (+€10,829) and Trade debts (+€2,341)
- Tangible fixed assets -€800
no longer reported in 2025 (was €800)
- Stocks and contracts -€502
down €502 (-16.7%), from €3,000 to €2,497
- Receivables within one year +€328
up €328 (+15.9%), from €2,060 to €2,388
- Profit (loss) carried forward +€10,829
up €10,829, from -€1,759 to €9,069
- Trade debts +€2,341
up €2,341 (+42.3%), from €5,536 to €7,877
- Other debts +€780
new in 2025: €780
- Gross operating margin +€2,032
up €2,032 (+19.2%), from €10,560 to €12,591
- Depreciation -€500
down €500 (-38.5%), from €1,300 to €800
- Other operating charges +€363
up €363 (+66.5%), from €546 to €909
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 | €16,277 | €30,226 | +€13,949 | +85.7% |
| Fixed assets | 21/28 | €800 | - | -€800 | |
| Tangible fixed assets | 22/27 | €800 | - | -€800 | |
| Furniture and vehicles | 24 | €800 | - | -€800 | |
| Current assets | 29/58 | €15,477 | €30,226 | +€14,749 | +95.3% |
| Stocks and contracts in progress | 3 | €3,000 | €2,497 | -€502 | -16.7% |
| Stocks | 30/36 | €3,000 | €2,497 | -€502 | -16.7% |
| Amounts receivable within one year | 40/41 | €2,060 | €2,388 | +€328 | +15.9% |
| Other amounts receivable | 41 | €2,060 | €2,388 | +€328 | +15.9% |
| Cash at bank and in hand | 54/58 | €10,417 | €25,340 | +€14,923 | +143% |
| Total equity and liabilities | 10/49 | €16,277 | €30,226 | +€13,949 | +85.7% |
| Equity | 10/15 | €10,741 | €21,569 | +€10,829 | +101% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Capital | 10 | €12,500 | €12,500 | = | 0.0% |
| Issued capital | 100 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,759 | €9,069 | +€10,829 | |
| Amounts payable | 17/49 | €5,536 | €8,657 | +€3,121 | +56.4% |
| Amounts payable within one year | 42/48 | €5,536 | €8,657 | +€3,121 | +56.4% |
| Trade debts | 44 | €5,536 | €7,877 | +€2,341 | +42.3% |
| Suppliers | 440/4 | €5,536 | €7,877 | +€2,341 | +42.3% |
| Other amounts payable | 47/48 | - | €780 | +€780 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,300 | €800 | -€500 | -38.5% |
| Other operating charges | 640/8 | €546 | €909 | +€363 | +66.5% |
| Gross operating margin | 9900 | €10,560 | €12,591 | +€2,032 | +19.2% |
| Operating profit (loss) | 9901 | €8,714 | €10,883 | +€2,169 | +24.9% |
| Financial charges | 65/66B | €27 | €54 | +€27 | +100% |
| Recurring financial charges | 65 | €27 | €54 | +€27 | +100% |
| Profit (loss) for the period before taxes | 9903 | €8,687 | €10,829 | +€2,142 | +24.7% |
| Profit (loss) for the period | 9904 | €8,687 | €10,829 | +€2,142 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,687 | €10,829 | +€2,142 | +24.7% |
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 14 October 2026 via checked.be.