PI-geons: 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-geons
Largest movements
- Cash +€37,344
up €37,344 (+494.7%), from €7,548 to €44,892
mainly Net result for the year (+€32,881) and Depreciation (+€23,566)
- Tangible fixed assets -€21,393
down €21,393 (-27.8%), from €77,041 to €55,648
of which Plant, machinery and equipment: -€19,051
- Stocks and contracts -€10,525
down €10,525 (-22.6%), from €46,575 to €36,050
- Receivables within one year +€4,359
up €4,359 (+19.9%), from €21,917 to €26,275
of which Trade receivables: +€4,359
- Profit (loss) carried forward +€31,198
no longer reported in 2025 (was -€31,198)
- Trade debts -€15,124
down €15,124 (-96.3%), from €15,709 to €585
- Other debts -€10,956
down €10,956 (-7.9%), from €139,336 to €128,380
- Tax, wage and social debts +€2,170
up €2,170 (+20.6%), from €10,526 to €12,696
- Reserves +€1,683
new in 2025: €1,683
- Gross operating margin +€64,354
up €64,354, from -€5,279 to €59,075
- Taxes +€1,920
up €1,920 (+5965.0%), from €32 to €1,952
- Depreciation +€1,524
up €1,524 (+6.9%), from €22,042 to €23,566
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 | €154,373 | €163,344 | +€8,971 | +5.8% |
| Fixed assets | 21/28 | €77,041 | €55,648 | -€21,393 | -27.8% |
| Tangible fixed assets | 22/27 | €77,041 | €55,648 | -€21,393 | -27.8% |
| Plant, machinery and equipment | 23 | €71,571 | €52,519 | -€19,051 | -26.6% |
| Furniture and vehicles | 24 | €5,470 | €3,129 | -€2,342 | -42.8% |
| Current assets | 29/58 | €77,332 | €107,696 | +€30,364 | +39.3% |
| Stocks and contracts in progress | 3 | €46,575 | €36,050 | -€10,525 | -22.6% |
| Stocks | 30/36 | €46,575 | €36,050 | -€10,525 | -22.6% |
| Amounts receivable within one year | 40/41 | €21,917 | €26,275 | +€4,359 | +19.9% |
| Trade receivables | 40 | €21,717 | €26,075 | +€4,359 | +20.1% |
| Other amounts receivable | 41 | €200 | €200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,548 | €44,892 | +€37,344 | +494.7% |
| Deferred charges and accrued income | 490/1 | €1,293 | €479 | -€814 | -63.0% |
| Total equity and liabilities | 10/49 | €154,373 | €163,344 | +€8,971 | +5.8% |
| Equity | 10/15 | -€11,198 | €21,683 | +€32,881 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €1,683 | +€1,683 | |
| Distributable reserves | 133 | - | €1,683 | +€1,683 | |
| Profit (loss) carried forward | 14 | -€31,198 | - | +€31,198 | |
| Amounts payable | 17/49 | €165,571 | €141,661 | -€23,910 | -14.4% |
| Amounts payable within one year | 42/48 | €165,571 | €141,661 | -€23,910 | -14.4% |
| Trade debts | 44 | €15,709 | €585 | -€15,124 | -96.3% |
| Suppliers | 440/4 | €15,709 | €585 | -€15,124 | -96.3% |
| Taxes, remuneration and social security | 45 | €10,526 | €12,696 | +€2,170 | +20.6% |
| Taxes | 450/3 | €10,526 | €12,696 | +€2,170 | +20.6% |
| Other amounts payable | 47/48 | €139,336 | €128,380 | -€10,956 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,042 | €23,566 | +€1,524 | +6.9% |
| Other operating charges | 640/8 | €296 | €651 | +€355 | +120.1% |
| Gross operating margin | 9900 | -€5,279 | €59,075 | +€64,354 | |
| Operating profit (loss) | 9901 | -€27,616 | €34,858 | +€62,474 | |
| Financial income | 75/76B | €2 | €40 | +€38 | +1900.0% |
| Recurring financial income | 75 | €2 | €40 | +€38 | +1900.0% |
| Financial charges | 65/66B | €54 | €66 | +€12 | +22.1% |
| Recurring financial charges | 65 | €54 | €66 | +€12 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | -€27,668 | €34,832 | +€62,500 | |
| Income taxes | 67/77 | €32 | €1,952 | +€1,920 | +5965.0% |
| Profit (loss) for the period | 9904 | -€27,700 | €32,881 | +€60,581 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,700 | €32,881 | +€60,581 |
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 29 September 2026 via checked.be.