pi-ProductivITy: 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-ProductivITy
Largest movements
- Tangible fixed assets -€6,696
down €6,696 (-16.2%), from €41,292 to €34,596
of which Furniture and vehicles: -€6,086
- Cash -€5,512
down €5,512 (-48.7%), from €11,314 to €5,802
mainly Net result for the year (-€25,811) and Investment in fixed assets (net) (-€6,589)
- Receivables within one year +€5,087
up €5,087 (+74.7%), from €6,814 to €11,901
of which Trade receivables: +€7,365
- Profit (loss) carried forward -€25,811
down €25,811 (-223%), from -€11,562 to -€37,373
- Other debts +€16,360
up €16,360 (+124%), from €13,227 to €29,587
- Tax, wage and social debts +€2,427
new in 2025: €2,427
- Gross operating margin -€18,890
down €18,890, from €7,360 to -€11,530
- Depreciation +€1,111
up €1,111 (+9.1%), from €12,251 to €13,362
- Other operating charges +€327
up €327 (+161%), from €203 to €530
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 | €66,660 | €59,027 | -€7,633 | -11.5% |
| Fixed assets | 21/28 | €41,797 | €35,025 | -€6,773 | -16.2% |
| Intangible fixed assets | 21 | €505 | €428 | -€77 | -15.2% |
| Tangible fixed assets | 22/27 | €41,292 | €34,596 | -€6,696 | -16.2% |
| Plant, machinery and equipment | 23 | €2,825 | €2,216 | -€609 | -21.6% |
| Furniture and vehicles | 24 | €38,467 | €32,381 | -€6,086 | -15.8% |
| Current assets | 29/58 | €24,863 | €24,003 | -€860 | -3.5% |
| Amounts receivable within one year | 40/41 | €6,814 | €11,901 | +€5,087 | +74.7% |
| Trade receivables | 40 | €4,536 | €11,901 | +€7,365 | +162% |
| Other amounts receivable | 41 | €2,278 | - | -€2,278 | |
| Cash at bank and in hand | 54/58 | €11,314 | €5,802 | -€5,512 | -48.7% |
| Deferred charges and accrued income | 490/1 | €6,735 | €6,300 | -€435 | -6.5% |
| Total equity and liabilities | 10/49 | €66,660 | €59,027 | -€7,633 | -11.5% |
| Equity | 10/15 | -€7,562 | -€33,373 | -€25,811 | -341% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,562 | -€37,373 | -€25,811 | -223% |
| Amounts payable | 17/49 | €74,223 | €92,401 | +€18,178 | +24.5% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,691 | €32,149 | +€18,458 | +135% |
| Trade debts | 44 | €464 | €136 | -€329 | -70.8% |
| Suppliers | 440/4 | €464 | €136 | -€329 | -70.8% |
| Taxes, remuneration and social security | 45 | - | €2,427 | +€2,427 | |
| Taxes | 450/3 | - | €2,427 | +€2,427 | |
| Other amounts payable | 47/48 | €13,227 | €29,587 | +€16,360 | +124% |
| Accrued charges and deferred income | 492/3 | €532 | €252 | -€280 | -52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,251 | €13,362 | +€1,111 | +9.1% |
| Other operating charges | 640/8 | €203 | €530 | +€327 | +161% |
| Non-recurring operating charges | 66A | - | €91 | +€91 | |
| Gross operating margin | 9900 | €7,360 | -€11,530 | -€18,890 | |
| Operating profit (loss) | 9901 | -€5,094 | -€25,512 | -€20,419 | -401% |
| Financial income | 75/76B | €1 | €0 | -€1 | -95.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -95.9% |
| Financial charges | 65/66B | €102 | €152 | +€50 | +49.0% |
| Recurring financial charges | 65 | €102 | €152 | +€50 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,195 | -€25,665 | -€20,469 | -394% |
| Income taxes | 67/77 | €146 | €147 | +€0 | +0.2% |
| Profit (loss) for the period | 9904 | -€5,341 | -€25,811 | -€20,470 | -383% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,341 | -€25,811 | -€20,470 | -383% |
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 14 October 2026 via checked.be.