PI TECHNICS: 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 TECHNICS
Largest movements
- Receivables within one year +€98,528
up €98,528 (+74.6%), from €132,106 to €230,634
of which Trade receivables: +€55,175
- Tangible fixed assets +€33,411
up €33,411 (+320.1%), from €10,437 to €43,848
of which Furniture and vehicles: +€25,011
- Stocks and contracts +€13,463
up €13,463 (+598.3%), from €2,250 to €15,713
- Cash +€8,984
up €8,984, from €0 to €8,984
mainly Accrued charges and deferred income (+€109,800) and Net result for the year (+€29,313)
- Accrued charges and deferred income +€109,800
up €109,800 (+54900.0%), from €200 to €110,000
- Short-term financial debts +€19,670
up €19,670 (+60.6%), from €32,462 to €52,133
- Profit (loss) carried forward -€16,175
down €16,175 (-64.8%), from €24,967 to €8,792
- Other debts +€15,000
up €15,000, from €0 to €15,000
- Trade debts +€14,670
up €14,670 (+18.0%), from €81,700 to €96,370
- Gross operating margin +€30,459
up €30,459 (+140.6%), from €21,671 to €52,130
- Financial charges +€9,464
up €9,464 (+162.7%), from €5,817 to €15,281
- Write-downs -€8,434
down €8,434, from €7,472 to -€962
- Depreciation +€3,815
up €3,815 (+170.8%), from €2,234 to €6,049
- Taxes +€2,830
up €2,830 (+114.3%), from €2,476 to €5,306
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 | €145,334 | €299,784 | +€154,450 | +106.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €10,437 | €43,848 | +€33,411 | +320.1% |
| Tangible fixed assets | 22/27 | €10,437 | €43,848 | +€33,411 | +320.1% |
| Plant, machinery and equipment | 23 | €591 | €8,990 | +€8,400 | +1422.4% |
| Furniture and vehicles | 24 | €9,846 | €34,857 | +€25,011 | +254.0% |
| Current assets | 29/58 | €134,897 | €255,936 | +€121,040 | +89.7% |
| Stocks and contracts in progress | 3 | €2,250 | €15,713 | +€13,463 | +598.3% |
| Stocks | 30/36 | €2,250 | €15,713 | +€13,463 | +598.3% |
| Amounts receivable within one year | 40/41 | €132,106 | €230,634 | +€98,528 | +74.6% |
| Trade receivables | 40 | €85,310 | €140,485 | +€55,175 | +64.7% |
| Other amounts receivable | 41 | €46,796 | €90,149 | +€43,353 | +92.6% |
| Cash at bank and in hand | 54/58 | €0 | €8,984 | +€8,984 | |
| Deferred charges and accrued income | 490/1 | €541 | €605 | +€65 | +11.9% |
| Total equity and liabilities | 10/49 | €145,334 | €299,784 | +€154,450 | +106.3% |
| Equity | 10/15 | €28,467 | €12,292 | -€16,175 | -56.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,967 | €8,792 | -€16,175 | -64.8% |
| Amounts payable | 17/49 | €116,867 | €287,492 | +€170,625 | +146.0% |
| Amounts payable within one year | 42/48 | €116,667 | €177,492 | +€60,825 | +52.1% |
| Financial debts | 43 | €32,462 | €52,133 | +€19,670 | +60.6% |
| Credit institutions | 430/8 | €32,462 | €52,133 | +€19,670 | +60.6% |
| Trade debts | 44 | €81,700 | €96,370 | +€14,670 | +18.0% |
| Suppliers | 440/4 | €81,700 | €96,370 | +€14,670 | +18.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,505 | €13,990 | +€11,485 | +458.4% |
| Taxes | 450/3 | €2,505 | €10,840 | +€8,335 | +332.7% |
| Remuneration and social security | 454/9 | - | €3,150 | +€3,150 | |
| Other amounts payable | 47/48 | €0 | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | €200 | €110,000 | +€109,800 | +54900.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,234 | €6,049 | +€3,815 | +170.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,472 | -€962 | -€8,434 | |
| Other operating charges | 640/8 | €1,081 | €1,075 | -€6 | -0.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €21,671 | €52,130 | +€30,459 | +140.6% |
| Operating profit (loss) | 9901 | €10,884 | €45,968 | +€35,083 | +322.3% |
| Financial income | 75/76B | €4,873 | €3,932 | -€941 | -19.3% |
| Recurring financial income | 75 | €4,873 | €3,932 | -€941 | -19.3% |
| Financial charges | 65/66B | €5,817 | €15,281 | +€9,464 | +162.7% |
| Recurring financial charges | 65 | €5,817 | €15,281 | +€9,464 | +162.7% |
| Profit (loss) for the period before taxes | 9903 | €9,941 | €34,619 | +€24,678 | +248.3% |
| Income taxes | 67/77 | €2,476 | €5,306 | +€2,830 | +114.3% |
| Profit (loss) for the period | 9904 | €7,465 | €29,313 | +€21,849 | +292.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,465 | €29,313 | +€21,849 | +292.7% |
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 10 October 2026 via checked.be.