PI CONSULTING: what changed
Two fiscal 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 CONSULTING
Largest movements
- Cash -€40,901
down €40,901 (-49.4%), from €82,809 to €41,908
mainly Other debts (-€40,138) and Investment in fixed assets (net) (-€15,264)
- Tangible fixed assets +€12,196
up €12,196 (+195.5%), from €6,237 to €18,432
of which Plant, machinery and equipment: +€10,343
- Receivables within one year -€8,732
down €8,732 (-50.8%), from €17,203 to €8,471
of which Trade receivables: -€8,125
- Stocks and contracts +€7,020
up €7,020 (+32.7%), from €21,490 to €28,510
- Other debts -€40,138
down €40,138 (-99.2%), from €40,444 to €306
- Profit (loss) carried forward +€16,016
up €16,016 (+46.7%), from €34,262 to €50,278
- Trade debts -€3,055
down €3,055 (-54.5%), from €5,606 to €2,551
- Tax, wage and social debts -€2,421
down €2,421 (-11.3%), from €21,489 to €19,068
of which Taxes: -€2,581
- Gross operating margin -€47,435
down €47,435 (-65.5%), from €72,429 to €24,994
- Taxes -€12,494
down €12,494 (-88.5%), from €14,112 to €1,618
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.
Cash bridge derived
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 | €127,798 | €97,588 | -€30,211 | -23.6% |
| Fixed assets | 21/28 | €6,297 | €18,699 | +€12,402 | +197.0% |
| Tangible fixed assets | 22/27 | €6,237 | €18,432 | +€12,196 | +195.5% |
| Plant, machinery and equipment | 23 | €5,319 | €15,662 | +€10,343 | +194.5% |
| Furniture and vehicles | 24 | €918 | €2,770 | +€1,852 | +201.8% |
| Financial fixed assets | 28 | €60 | €267 | +€207 | +344.5% |
| Current assets | 29/58 | €121,502 | €78,889 | -€42,613 | -35.1% |
| Stocks and contracts in progress | 3 | €21,490 | €28,510 | +€7,020 | +32.7% |
| Stocks | 30/36 | €21,490 | €28,510 | +€7,020 | +32.7% |
| Amounts receivable within one year | 40/41 | €17,203 | €8,471 | -€8,732 | -50.8% |
| Trade receivables | 40 | €16,257 | €8,132 | -€8,125 | -50.0% |
| Other amounts receivable | 41 | €946 | €339 | -€607 | -64.1% |
| Cash at bank and in hand | 54/58 | €82,809 | €41,908 | -€40,901 | -49.4% |
| Total equity and liabilities | 10/49 | €127,798 | €97,588 | -€30,211 | -23.6% |
| Equity | 10/15 | €59,646 | €75,662 | +€16,016 | +26.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €22,384 | €22,384 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,384 | €22,384 | = | 0.0% |
| Other | 1319 | €22,384 | €22,384 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,262 | €50,278 | +€16,016 | +46.7% |
| Amounts payable | 17/49 | €68,152 | €21,926 | -€46,227 | -67.8% |
| Amounts payable within one year | 42/48 | €68,152 | €21,925 | -€46,227 | -67.8% |
| Financial debts | 43 | €613 | - | -€613 | |
| Credit institutions | 430/8 | €613 | - | -€613 | |
| Trade debts | 44 | €5,606 | €2,551 | -€3,055 | -54.5% |
| Suppliers | 440/4 | €5,606 | €2,551 | -€3,055 | -54.5% |
| Taxes, remuneration and social security | 45 | €21,489 | €19,068 | -€2,421 | -11.3% |
| Taxes | 450/3 | €21,325 | €18,744 | -€2,581 | -12.1% |
| Remuneration and social security | 454/9 | €164 | €324 | +€160 | +98.0% |
| Other amounts payable | 47/48 | €40,444 | €306 | -€40,138 | -99.2% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Non-recurring operating income | 76A | - | €39 | +€39 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,054 | €2,862 | -€192 | -6.3% |
| Other operating charges | 640/8 | €2,719 | €3,443 | +€724 | +26.6% |
| Gross operating margin | 9900 | €72,429 | €24,994 | -€47,435 | -65.5% |
| Operating profit (loss) | 9901 | €66,656 | €18,689 | -€47,967 | -72.0% |
| Financial income | 75/76B | €3 | €6 | +€4 | +139.2% |
| Recurring financial income | 75 | €3 | €6 | +€4 | +139.2% |
| Financial charges | 65/66B | €1,481 | €1,061 | -€420 | -28.4% |
| Recurring financial charges | 65 | €1,481 | €1,061 | -€420 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €65,178 | €17,634 | -€47,544 | -72.9% |
| Income taxes | 67/77 | €14,112 | €1,618 | -€12,494 | -88.5% |
| Profit (loss) for the period | 9904 | €51,066 | €16,016 | -€35,049 | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,066 | €16,016 | -€35,049 | -68.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.