PI - CONSULT: 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 - CONSULT
Largest movements
- Receivables within one year -€78,402
down €78,402 (-23.4%), from €335,109 to €256,707
of which Other amounts receivable: -€72,110
- Tangible fixed assets -€25,334
down €25,334 (-6.2%), from €405,677 to €380,343
of which Land and buildings: -€26,664
- Trade debts -€45,929
down €45,929 (-58.6%), from €78,421 to €32,491
- Debts after one year -€41,133
down €41,133 (-26.0%), from €158,424 to €117,291
- Tax, wage and social debts -€9,931
down €9,931 (-13.6%), from €72,996 to €63,064
of which Taxes: -€17,177
- Staff costs +€39,490
up €39,490 (+55.6%), from €71,070 to €110,560
- Gross operating margin +€38,058
up €38,058 (+24.6%), from €154,896 to €192,954
- Financial charges +€8,123
up €8,123 (+37.5%), from €21,644 to €29,767
- Other operating charges -€3,766
down €3,766 (-27.8%), from €13,549 to €9,783
- Taxes -€3,005
down €3,005 (-38.5%), from €7,801 to €4,796
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 | €751,472 | €653,740 | -€97,732 | -13.0% |
| Fixed assets | 21/28 | €407,356 | €382,022 | -€25,334 | -6.2% |
| Tangible fixed assets | 22/27 | €405,677 | €380,343 | -€25,334 | -6.2% |
| Land and buildings | 22 | €383,025 | €356,361 | -€26,664 | -7.0% |
| Plant, machinery and equipment | 23 | - | €837 | +€837 | |
| Furniture and vehicles | 24 | €19,152 | €19,645 | +€493 | +2.6% |
| Other tangible fixed assets | 26 | €3,500 | €3,500 | = | 0.0% |
| Financial fixed assets | 28 | €1,679 | €1,679 | = | 0.0% |
| Current assets | 29/58 | €344,116 | €271,718 | -€72,398 | -21.0% |
| Amounts receivable within one year | 40/41 | €335,109 | €256,707 | -€78,402 | -23.4% |
| Trade receivables | 40 | €26,960 | €20,669 | -€6,292 | -23.3% |
| Other amounts receivable | 41 | €308,148 | €236,038 | -€72,110 | -23.4% |
| Cash at bank and in hand | 54/58 | €9,007 | €12,001 | +€2,994 | +33.2% |
| Deferred charges and accrued income | 490/1 | - | €3,010 | +€3,010 | |
| Total equity and liabilities | 10/49 | €751,472 | €653,740 | -€97,732 | -13.0% |
| Equity | 10/15 | €364,648 | €367,871 | +€3,223 | +0.9% |
| Contributions | 10/11 | €158,600 | €158,600 | = | 0.0% |
| Reserves | 13 | €206,048 | €209,271 | +€3,223 | +1.6% |
| Distributable reserves | 133 | €206,048 | €209,271 | +€3,223 | +1.6% |
| Amounts payable | 17/49 | €386,824 | €285,869 | -€100,955 | -26.1% |
| Amounts payable after more than one year | 17 | €158,424 | €117,291 | -€41,133 | -26.0% |
| Financial debts | 170/4 | €158,424 | €117,291 | -€41,133 | -26.0% |
| Amounts payable within one year | 42/48 | €225,549 | €168,231 | -€57,319 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €42,334 | €38,538 | -€3,796 | -9.0% |
| Financial debts | 43 | €25,742 | €28,483 | +€2,742 | +10.7% |
| Credit institutions | 430/8 | €25,742 | €28,483 | +€2,742 | +10.7% |
| Trade debts | 44 | €78,421 | €32,491 | -€45,929 | -58.6% |
| Suppliers | 440/4 | €78,421 | €32,491 | -€45,929 | -58.6% |
| Taxes, remuneration and social security | 45 | €72,996 | €63,064 | -€9,931 | -13.6% |
| Taxes | 450/3 | €57,031 | €39,854 | -€17,177 | -30.1% |
| Remuneration and social security | 454/9 | €15,964 | €23,210 | +€7,246 | +45.4% |
| Other amounts payable | 47/48 | €6,057 | €5,653 | -€404 | -6.7% |
| Accrued charges and deferred income | 492/3 | €2,851 | €347 | -€2,504 | -87.8% |
| Remuneration, social security and pensions | 62 | €71,070 | €110,560 | +€39,490 | +55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,242 | €33,618 | +€1,376 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,210 | +€1,210 | |
| Other operating charges | 640/8 | €13,549 | €9,783 | -€3,766 | -27.8% |
| Gross operating margin | 9900 | €154,896 | €192,954 | +€38,058 | +24.6% |
| Operating profit (loss) | 9901 | €38,035 | €37,783 | -€252 | -0.7% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €21,644 | €29,767 | +€8,123 | +37.5% |
| Recurring financial charges | 65 | €21,644 | €29,767 | +€8,123 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €16,391 | €8,019 | -€8,372 | -51.1% |
| Income taxes | 67/77 | €7,801 | €4,796 | -€3,005 | -38.5% |
| Profit (loss) for the period | 9904 | €8,590 | €3,223 | -€5,367 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,590 | €3,223 | -€5,367 | -62.5% |
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 25 October 2026 via checked.be.