PI SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash +€36,274
up €36,274 (+715.9%), from €5,067 to €41,341
mainly Net result for the year (+€23,967) and Tax, wage and social debts (+€14,320)
- Receivables within one year -€6,826
down €6,826 (-82.8%), from €8,240 to €1,414
of which Trade receivables: -€7,334
- Current investments +€1,800
up €1,800 (+5295.3%), from €34 to €1,834
- Deferred charges and accrued income +€1,035
up €1,035 (+1457.5%), from €71 to €1,106
- Profit (loss) carried forward +€23,967
up €23,967 (+59.7%), from -€40,137 to -€16,170
- Tax, wage and social debts +€14,320
up €14,320 (+376.3%), from €3,805 to €18,125
- Current portion of long-term debt -€4,860
down €4,860 (-100.0%), from €4,860 to €0
- Trade debts -€3,231
down €3,231 (-55.5%), from €5,820 to €2,589
- Other debts +€2,338
up €2,338 (+5703.2%), from €41 to €2,379
- Gross operating margin +€43,998
up €43,998, from -€12,924 to €31,074
- Depreciation -€1,161
down €1,161 (-18.4%), from €6,325 to €5,164
- Other operating charges -€1,014
down €1,014 (-44.2%), from €2,295 to €1,281
- Taxes -€946
down €946, from €688 to -€258
- Staff costs +€467
new in 2025: €467
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 | €31,110 | €63,291 | +€32,181 | +103.4% |
| Fixed assets | 21/28 | €17,698 | €17,597 | -€101 | -0.6% |
| Tangible fixed assets | 22/27 | €17,528 | €17,427 | -€101 | -0.6% |
| Plant, machinery and equipment | 23 | - | €4,179 | +€4,179 | |
| Furniture and vehicles | 24 | €17,528 | €13,248 | -€4,280 | -24.4% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €13,412 | €45,694 | +€32,282 | +240.7% |
| Amounts receivable within one year | 40/41 | €8,240 | €1,414 | -€6,826 | -82.8% |
| Trade receivables | 40 | €8,240 | €906 | -€7,334 | -89.0% |
| Other amounts receivable | 41 | - | €508 | +€508 | |
| Current investments | 50/53 | €34 | €1,834 | +€1,800 | +5295.3% |
| Cash at bank and in hand | 54/58 | €5,067 | €41,341 | +€36,274 | +715.9% |
| Deferred charges and accrued income | 490/1 | €71 | €1,106 | +€1,035 | +1457.5% |
| Total equity and liabilities | 10/49 | €31,110 | €63,291 | +€32,181 | +103.4% |
| Equity | 10/15 | €16,230 | €40,198 | +€23,968 | +147.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,767 | €37,767 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,907 | €35,907 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€40,137 | -€16,170 | +€23,967 | +59.7% |
| Amounts payable | 17/49 | €14,880 | €23,094 | +€8,214 | +55.2% |
| Amounts payable within one year | 42/48 | €14,880 | €23,094 | +€8,214 | +55.2% |
| Current portion of amounts payable after more than one year | 42 | €4,860 | €0 | -€4,860 | -100.0% |
| Financial debts | 43 | €354 | €0 | -€354 | -100.0% |
| Credit institutions | 430/8 | €354 | €0 | -€354 | -100.0% |
| Trade debts | 44 | €5,820 | €2,589 | -€3,231 | -55.5% |
| Suppliers | 440/4 | €5,820 | €2,589 | -€3,231 | -55.5% |
| Taxes, remuneration and social security | 45 | €3,805 | €18,125 | +€14,320 | +376.3% |
| Taxes | 450/3 | €3,805 | €18,125 | +€14,320 | +376.3% |
| Other amounts payable | 47/48 | €41 | €2,379 | +€2,338 | +5703.2% |
| Non-recurring operating income | 76A | €16,802 | - | -€16,802 | |
| Remuneration, social security and pensions | 62 | - | €467 | +€467 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,325 | €5,164 | -€1,161 | -18.4% |
| Other operating charges | 640/8 | €2,295 | €1,281 | -€1,014 | -44.2% |
| Gross operating margin | 9900 | -€12,924 | €31,074 | +€43,998 | |
| Operating profit (loss) | 9901 | -€21,544 | €24,162 | +€45,706 | |
| Financial income | 75/76B | €85 | €14 | -€71 | -83.3% |
| Recurring financial income | 75 | €85 | €14 | -€71 | -83.3% |
| Financial charges | 65/66B | €175 | €467 | +€292 | +167.1% |
| Recurring financial charges | 65 | €175 | €467 | +€292 | +167.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,634 | €23,709 | +€45,343 | |
| Income taxes | 67/77 | €688 | -€258 | -€946 | |
| Profit (loss) for the period | 9904 | -€22,322 | €23,967 | +€46,289 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,322 | €23,967 | +€46,289 |
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 5 October 2026 via checked.be.