Pi Vastgoed: 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 Vastgoed
Largest movements
- Cash +€14,428
up €14,428 (+1,407%), from €1,026 to €15,453
mainly Net result for the year (+€20,785) and Tax, wage and social debts (+€3,307)
- Receivables within one year +€10,436
up €10,436 (+270%), from €3,867 to €14,303
of which Other amounts receivable: +€13,485
- Profit (loss) carried forward +€20,785
up €20,785 (+41.8%), from -€49,775 to -€28,991
- Tax, wage and social debts +€3,307
up €3,307 (+145%), from €2,283 to €5,590
- Trade debts +€870
up €870 (+100%), from €869 to €1,739
- Gross operating margin +€12,074
up €12,074 (+119%), from €10,185 to €22,260
- Other operating charges +€1,122
up €1,122 (+9,456%), from €12 to €1,134
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 | €4,971 | €29,838 | +€24,867 | +500% |
| Current assets | 29/58 | €4,971 | €29,838 | +€24,867 | +500% |
| Amounts receivable within one year | 40/41 | €3,867 | €14,303 | +€10,436 | +270% |
| Trade receivables | 40 | €3,867 | €818 | -€3,049 | -78.8% |
| Other amounts receivable | 41 | - | €13,485 | +€13,485 | |
| Cash at bank and in hand | 54/58 | €1,026 | €15,453 | +€14,428 | +1,407% |
| Deferred charges and accrued income | 490/1 | €78 | €82 | +€4 | +4.8% |
| Total equity and liabilities | 10/49 | €4,971 | €29,838 | +€24,867 | +500% |
| Equity | 10/15 | €1,725 | €22,509 | +€20,785 | +1,205% |
| Contributions | 10/11 | €51,500 | €51,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,775 | -€28,991 | +€20,785 | +41.8% |
| Amounts payable | 17/49 | €3,246 | €7,329 | +€4,083 | +126% |
| Amounts payable within one year | 42/48 | €3,246 | €7,329 | +€4,083 | +126% |
| Trade debts | 44 | €869 | €1,739 | +€870 | +100% |
| Suppliers | 440/4 | €869 | €1,739 | +€870 | +100% |
| Taxes, remuneration and social security | 45 | €2,283 | €5,590 | +€3,307 | +145% |
| Taxes | 450/3 | €2,283 | €5,590 | +€3,307 | +145% |
| Other amounts payable | 47/48 | €94 | €0 | -€94 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €38 | +€38 | |
| Other operating charges | 640/8 | €12 | €1,134 | +€1,122 | +9,456% |
| Gross operating margin | 9900 | €10,185 | €22,260 | +€12,074 | +119% |
| Operating profit (loss) | 9901 | €10,173 | €21,087 | +€10,914 | +107% |
| Financial charges | 65/66B | €80 | €255 | +€175 | +219% |
| Recurring financial charges | 65 | €80 | €255 | +€175 | +219% |
| Profit (loss) for the period before taxes | 9903 | €10,093 | €20,832 | +€10,739 | +106% |
| Income taxes | 67/77 | - | €47 | +€47 | |
| Profit (loss) for the period | 9904 | €10,093 | €20,785 | +€10,691 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €10,093 | €20,785 | +€10,691 | +106% |
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 24 October 2026 via checked.be.