PI2: 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.
PI2
Largest movements
- Stocks and contracts -€350,000
down €350,000 (-100.0%), from €350,000 to €0
- Tangible fixed assets +€344,240
up €344,240 (+163.5%), from €210,580 to €554,820
- Other debts +€64,759
up €64,759 (+18.2%), from €355,552 to €420,311
- Profit (loss) carried forward -€54,738
down €54,738 (-6.9%), from -€788,603 to -€843,341
- Trade debts -€20,554
down €20,554 (-94.9%), from €21,653 to €1,099
- Gross operating margin -€613,156
down €613,156, from €564,178 to -€48,978
- Financial charges -€25,114
no longer reported in 2024 (was €25,114)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €570,417 | €559,807 | -€10,610 | -1.9% |
| Fixed assets | 21/28 | €210,580 | €554,820 | +€344,240 | +163.5% |
| Tangible fixed assets | 22/27 | €210,580 | €554,820 | +€344,240 | +163.5% |
| Land and buildings | 22 | €210,580 | €554,820 | +€344,240 | +163.5% |
| Current assets | 29/58 | €359,837 | €4,987 | -€354,850 | -98.6% |
| Stocks and contracts in progress | 3 | €350,000 | €0 | -€350,000 | -100.0% |
| Stocks | 30/36 | €350,000 | €0 | -€350,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,097 | €1,460 | +€363 | +33.1% |
| Other amounts receivable | 41 | €1,097 | €1,460 | +€363 | +33.1% |
| Cash at bank and in hand | 54/58 | €8,740 | €3,527 | -€5,213 | -59.6% |
| Total equity and liabilities | 10/49 | €570,417 | €559,807 | -€10,610 | -1.9% |
| Equity | 10/15 | -€176,180 | -€230,918 | -€54,738 | -31.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Revaluation surpluses | 12 | €96,755 | €96,755 | = | 0.0% |
| Reserves | 13 | €15,668 | €15,668 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,668 | €15,668 | = | 0.0% |
| Legal reserve | 130 | €15,668 | €15,668 | = | 0.0% |
| Distributable reserves | 133 | €0 | €0 | = | |
| Profit (loss) carried forward | 14 | -€788,603 | -€843,341 | -€54,738 | -6.9% |
| Amounts payable | 17/49 | €746,597 | €790,725 | +€44,128 | +5.9% |
| Amounts payable after more than one year | 17 | €369,315 | €369,315 | = | 0.0% |
| Financial debts | 170/4 | €369,315 | €369,315 | = | 0.0% |
| Amounts payable within one year | 42/48 | €377,282 | €421,410 | +€44,128 | +11.7% |
| Trade debts | 44 | €21,653 | €1,099 | -€20,554 | -94.9% |
| Suppliers | 440/4 | €21,653 | €1,099 | -€20,554 | -94.9% |
| Taxes, remuneration and social security | 45 | €77 | - | -€77 | |
| Taxes | 450/3 | €77 | - | -€77 | |
| Other amounts payable | 47/48 | €355,552 | €420,311 | +€64,759 | +18.2% |
| Non-recurring operating income | 76A | €623,933 | - | -€623,933 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,760 | €5,760 | = | 0.0% |
| Gross operating margin | 9900 | €564,178 | -€48,978 | -€613,156 | |
| Operating profit (loss) | 9901 | €558,418 | -€54,738 | -€613,156 | |
| Financial charges | 65/66B | €25,114 | - | -€25,114 | |
| Recurring financial charges | 65 | €25,114 | - | -€25,114 | |
| Profit (loss) for the period before taxes | 9903 | €533,304 | -€54,738 | -€588,042 | |
| Profit (loss) for the period | 9904 | €533,304 | -€54,738 | -€588,042 | |
| Profit (loss) for the period to be appropriated | 9905 | €533,304 | -€54,738 | -€588,042 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.