PI Engineering & Consultancy: 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 Engineering & Consultancy
Largest movements
- Tangible fixed assets +€8,790
up €8,790 (+34.1%), from €25,751 to €34,541
of which Furniture and vehicles: +€11,365
- Cash +€8,296
up €8,296 (+6.5%), from €126,919 to €135,215
mainly Net result for the year (+€60,477) and Depreciation (+€6,721)
- Receivables within one year -€4,077
down €4,077 (-19.9%), from €20,516 to €16,440
of which Trade receivables: -€4,481
- Reserves +€60,477
up €60,477 (+84.1%), from €71,877 to €132,354
- Other debts -€48,067
down €48,067 (-57.6%), from €83,474 to €35,407
- Depreciation +€3,960
up €3,960 (+143.4%), from €2,761 to €6,721
- Gross operating margin -€2,484
down €2,484 (-2.8%), from €88,965 to €86,481
- Taxes -€1,404
down €1,404 (-8.0%), from €17,538 to €16,134
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 | €177,735 | €190,462 | +€12,727 | +7.2% |
| Fixed assets | 21/28 | €26,001 | €34,791 | +€8,790 | +33.8% |
| Tangible fixed assets | 22/27 | €25,751 | €34,541 | +€8,790 | +34.1% |
| Land and buildings | 22 | €21,177 | €18,141 | -€3,036 | -14.3% |
| Plant, machinery and equipment | 23 | €2,649 | €3,110 | +€461 | +17.4% |
| Furniture and vehicles | 24 | €1,925 | €13,290 | +€11,365 | +590.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €151,734 | €155,671 | +€3,937 | +2.6% |
| Stocks and contracts in progress | 3 | €2,338 | €1,561 | -€777 | -33.2% |
| Stocks | 30/36 | €2,338 | €1,561 | -€777 | -33.2% |
| Amounts receivable within one year | 40/41 | €20,516 | €16,440 | -€4,077 | -19.9% |
| Trade receivables | 40 | €19,001 | €14,520 | -€4,481 | -23.6% |
| Other amounts receivable | 41 | €1,516 | €1,920 | +€404 | +26.7% |
| Cash at bank and in hand | 54/58 | €126,919 | €135,215 | +€8,296 | +6.5% |
| Deferred charges and accrued income | 490/1 | €1,961 | €2,456 | +€494 | +25.2% |
| Total equity and liabilities | 10/49 | €177,735 | €190,462 | +€12,727 | +7.2% |
| Equity | 10/15 | €90,427 | €150,904 | +€60,477 | +66.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €71,877 | €132,354 | +€60,477 | +84.1% |
| Distributable reserves | 133 | €71,877 | €132,354 | +€60,477 | +84.1% |
| Amounts payable | 17/49 | €87,308 | €39,558 | -€47,750 | -54.7% |
| Amounts payable within one year | 42/48 | €87,308 | €39,558 | -€47,750 | -54.7% |
| Trade debts | 44 | €890 | €119 | -€771 | -86.6% |
| Suppliers | 440/4 | €890 | €119 | -€771 | -86.6% |
| Taxes, remuneration and social security | 45 | €2,945 | €4,032 | +€1,087 | +36.9% |
| Taxes | 450/3 | €2,945 | €4,032 | +€1,087 | +36.9% |
| Other amounts payable | 47/48 | €83,474 | €35,407 | -€48,067 | -57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,761 | €6,721 | +€3,960 | +143.4% |
| Other operating charges | 640/8 | €2,563 | €2,513 | -€50 | -2.0% |
| Gross operating margin | 9900 | €88,965 | €86,481 | -€2,484 | -2.8% |
| Operating profit (loss) | 9901 | €83,640 | €77,246 | -€6,395 | -7.6% |
| Financial income | 75/76B | €25 | €326 | +€301 | +1218.8% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100.0% |
| Non-recurring financial income | 76B | - | €326 | +€326 | |
| Financial charges | 65/66B | €399 | €960 | +€561 | +140.6% |
| Recurring financial charges | 65 | €399 | €960 | +€561 | +140.6% |
| Profit (loss) for the period before taxes | 9903 | €83,266 | €76,611 | -€6,655 | -8.0% |
| Income taxes | 67/77 | €17,538 | €16,134 | -€1,404 | -8.0% |
| Profit (loss) for the period | 9904 | €65,728 | €60,477 | -€5,251 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,728 | €60,477 | -€5,251 | -8.0% |
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 9 October 2026 via checked.be.