PI-PRO VASTGOED: what changed
PI-PRO VASTGOED
Largest movements
- Cash -€220,743
down €220,743 (-98.1%), from €224,939 to €4,196
mainly Receivables within one year (-€155,693) and Other debts (-€119,690)
- Receivables within one year +€155,693
up €155,693 (+82.6%), from €188,478 to €344,171
of which Other amounts receivable: +€163,842
- Tangible fixed assets -€51,783
down €51,783 (-34.1%), from €152,051 to €100,268
of which Furniture and vehicles: -€55,616
- Other debts -€119,690
down €119,690 (-92.9%), from €128,811 to €9,122
- Profit (loss) carried forward +€7,529
up €7,529 (+43.2%), from €17,434 to €24,964
- Gross operating margin -€68,179
down €68,179 (-59.6%), from €114,407 to €46,228
- Depreciation -€14,148
down €14,148 (-52.1%), from €27,177 to €13,029
- Financial charges +€12,999
up €12,999 (+483%), from €2,689 to €15,688
of which Non-recurring financial charges: +€15,557
- Taxes -€7,445
down €7,445 (-72.3%), from €10,296 to €2,851
- Financial income -€2,893
down €2,893 (-100.0%), from €2,893 to €1
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €565,468 | €448,824 | -€116,644 | -20.6% |
| Fixed assets | 21/28 | €152,051 | €100,268 | -€51,783 | -34.1% |
| Tangible fixed assets | 22/27 | €152,051 | €100,268 | -€51,783 | -34.1% |
| Land and buildings | 22 | €68,607 | €68,607 | = | 0.0% |
| Plant, machinery and equipment | 23 | €27,829 | €31,661 | +€3,832 | +13.8% |
| Furniture and vehicles | 24 | €55,616 | - | -€55,616 | |
| Current assets | 29/58 | €413,417 | €348,556 | -€64,861 | -15.7% |
| Amounts receivable within one year | 40/41 | €188,478 | €344,171 | +€155,693 | +82.6% |
| Trade receivables | 40 | €18,000 | €9,851 | -€8,149 | -45.3% |
| Other amounts receivable | 41 | €170,478 | €334,320 | +€163,842 | +96.1% |
| Cash at bank and in hand | 54/58 | €224,939 | €4,196 | -€220,743 | -98.1% |
| Deferred charges and accrued income | 490/1 | - | €189 | +€189 | |
| Total equity and liabilities | 10/49 | €565,468 | €448,824 | -€116,644 | -20.6% |
| Equity | 10/15 | €424,384 | €431,914 | +€7,529 | +1.8% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €388,200 | €388,200 | = | 0.0% |
| Distributable reserves | 133 | €388,200 | €388,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,434 | €24,964 | +€7,529 | +43.2% |
| Amounts payable | 17/49 | €141,084 | €16,910 | -€124,173 | -88.0% |
| Amounts payable within one year | 42/48 | €138,602 | €16,910 | -€121,692 | -87.8% |
| Trade debts | 44 | €5,670 | €4,061 | -€1,609 | -28.4% |
| Suppliers | 440/4 | €5,670 | €4,061 | -€1,609 | -28.4% |
| Taxes, remuneration and social security | 45 | €4,121 | €3,728 | -€393 | -9.5% |
| Taxes | 450/3 | €4,121 | €3,728 | -€393 | -9.5% |
| Other amounts payable | 47/48 | €128,811 | €9,122 | -€119,690 | -92.9% |
| Accrued charges and deferred income | 492/3 | €2,481 | - | -€2,481 | |
| Non-recurring operating income | 76A | €42,490 | - | -€42,490 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,177 | €13,029 | -€14,148 | -52.1% |
| Other operating charges | 640/8 | €4,760 | €7,131 | +€2,371 | +49.8% |
| Gross operating margin | 9900 | €114,407 | €46,228 | -€68,179 | -59.6% |
| Operating profit (loss) | 9901 | €82,469 | €26,067 | -€56,402 | -68.4% |
| Financial income | 75/76B | €2,893 | €1 | -€2,893 | -100.0% |
| Recurring financial income | 75 | €2,893 | €1 | -€2,893 | -100.0% |
| Financial charges | 65/66B | €2,689 | €15,688 | +€12,999 | +483% |
| Recurring financial charges | 65 | €2,689 | €131 | -€2,558 | -95.1% |
| Non-recurring financial charges | 66B | - | €15,557 | +€15,557 | |
| Profit (loss) for the period before taxes | 9903 | €82,674 | €10,380 | -€72,294 | -87.4% |
| Income taxes | 67/77 | €10,296 | €2,851 | -€7,445 | -72.3% |
| Profit (loss) for the period | 9904 | €72,377 | €7,529 | -€64,848 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,377 | €7,529 | -€64,848 | -89.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.