PI.CASA: 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.CASA
Largest movements
- Tangible fixed assets -€62,628
down €62,628 (-5.5%), from €1.1m to €1.1m
of which Land and buildings: -€62,032
- Cash +€13,356
up €13,356 (+17.4%), from €76,883 to €90,238
mainly Depreciation (+€62,628) and Receivables within one year (+€5,967)
- Profit (loss) carried forward -€31,339
down €31,339 (-18.1%), from -€173,242 to -€204,581
- Short-term financial debts -€20,000
down €20,000 (-100%), from €20,000 to €0
- Gross operating margin -€198,977
down €198,977 (-79.8%), from €249,405 to €50,428
- Other operating charges +€7,022
up €7,022 (+59.2%), from €11,860 to €18,882
- Depreciation -€2,599
down €2,599 (-4.0%), from €65,227 to €62,628
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.
Derived cash bridge
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 | €1,240,392 | €1,185,804 | -€54,588 | -4.4% |
| Fixed assets | 21/28 | €1,134,023 | €1,071,396 | -€62,628 | -5.5% |
| Tangible fixed assets | 22/27 | €1,134,023 | €1,071,396 | -€62,628 | -5.5% |
| Land and buildings | 22 | €1,128,480 | €1,066,448 | -€62,032 | -5.5% |
| Plant, machinery and equipment | 23 | €5,543 | €4,948 | -€595 | -10.7% |
| Current assets | 29/58 | €106,369 | €114,409 | +€8,040 | +7.6% |
| Amounts receivable within one year | 40/41 | €28,277 | €22,310 | -€5,967 | -21.1% |
| Trade receivables | 40 | €15,533 | €11,342 | -€4,191 | -27.0% |
| Other amounts receivable | 41 | €12,744 | €10,969 | -€1,776 | -13.9% |
| Cash at bank and in hand | 54/58 | €76,883 | €90,238 | +€13,356 | +17.4% |
| Deferred charges and accrued income | 490/1 | €1,209 | €1,860 | +€652 | +53.9% |
| Total equity and liabilities | 10/49 | €1,240,392 | €1,185,804 | -€54,588 | -4.4% |
| Equity | 10/15 | €1,158,758 | €1,127,419 | -€31,339 | -2.7% |
| Contributions | 10/11 | €1,220,000 | €1,220,000 | = | 0.0% |
| Reserves | 13 | €112,000 | €112,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,242 | -€204,581 | -€31,339 | -18.1% |
| Amounts payable | 17/49 | €81,634 | €58,385 | -€23,249 | -28.5% |
| Amounts payable after more than one year | 17 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 178/9 | €1,200 | €1,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,909 | €11,748 | -€19,161 | -62.0% |
| Financial debts | 43 | €20,000 | €0 | -€20,000 | -100% |
| Other loans | 439 | €20,000 | €0 | -€20,000 | -100% |
| Trade debts | 44 | €4,964 | €8,456 | +€3,492 | +70.4% |
| Suppliers | 440/4 | €4,964 | €8,456 | +€3,492 | +70.4% |
| Taxes, remuneration and social security | 45 | €1,054 | €0 | -€1,054 | -100% |
| Taxes | 450/3 | €1,054 | €0 | -€1,054 | -100% |
| Other amounts payable | 47/48 | €4,892 | €3,292 | -€1,599 | -32.7% |
| Accrued charges and deferred income | 492/3 | €49,525 | €45,437 | -€4,088 | -8.3% |
| Non-recurring operating income | 76A | €218,542 | €0 | -€218,542 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,227 | €62,628 | -€2,599 | -4.0% |
| Other operating charges | 640/8 | €11,860 | €18,882 | +€7,022 | +59.2% |
| Gross operating margin | 9900 | €249,405 | €50,428 | -€198,977 | -79.8% |
| Operating profit (loss) | 9901 | €172,318 | -€31,082 | -€203,400 | |
| Financial income | 75/76B | €43 | €47 | +€3 | +7.8% |
| Recurring financial income | 75 | €43 | €47 | +€3 | +7.8% |
| Financial charges | 65/66B | €71 | €303 | +€232 | +327% |
| Recurring financial charges | 65 | €71 | €104 | +€33 | +46.1% |
| Non-recurring financial charges | 66B | - | €199 | +€199 | |
| Profit (loss) for the period before taxes | 9903 | €172,290 | -€31,339 | -€203,629 | |
| Profit (loss) for the period | 9904 | €172,290 | -€31,339 | -€203,629 | |
| Profit (loss) for the period to be appropriated | 9905 | €172,290 | -€31,339 | -€203,629 |
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 26 October 2026 via checked.be.