PI2 PROJECT CONSULT: 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.
PI2 PROJECT CONSULT
Largest movements
- Receivables within one year +€22,435
up €22,435 (+160%), from €13,993 to €36,429
of which Trade receivables: +€16,827
- Current investments +€18,000
up €18,000 (+1,200%), from €1,500 to €19,500
- Tangible fixed assets -€9,570
down €9,570 (-20.7%), from €46,130 to €36,560
of which Furniture and vehicles: -€6,639
- Cash -€9,011
down €9,011 (-9.3%), from €96,995 to €87,984
mainly Receivables within one year (-€22,435) and Current investments (-€18,000)
- Trade debts +€15,787
up €15,787 (+1,687%), from €936 to €16,722
- Reserves +€11,889
up €11,889 (+11.5%), from €103,528 to €115,417
- Tax, wage and social debts -€10,028
down €10,028 (-35.7%), from €28,104 to €18,076
- Other debts +€4,707
up €4,707 (+20.0%), from €23,574 to €28,281
- Gross operating margin -€28,583
down €28,583 (-50.7%), from €56,420 to €27,836
- Taxes -€4,921
down €4,921 (-52.2%), from €9,427 to €4,505
- Depreciation +€883
up €883 (+10.2%), from €8,687 to €9,570
- Financial charges -€646
down €646 (-26.4%), from €2,449 to €1,802
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 | €159,783 | €181,674 | +€21,891 | +13.7% |
| Fixed assets | 21/28 | €46,130 | €36,560 | -€9,570 | -20.7% |
| Tangible fixed assets | 22/27 | €46,130 | €36,560 | -€9,570 | -20.7% |
| Furniture and vehicles | 24 | €19,336 | €12,697 | -€6,639 | -34.3% |
| Other tangible fixed assets | 26 | €26,794 | €23,863 | -€2,931 | -10.9% |
| Current assets | 29/58 | €113,653 | €145,114 | +€31,461 | +27.7% |
| Amounts receivable within one year | 40/41 | €13,993 | €36,429 | +€22,435 | +160% |
| Trade receivables | 40 | €13,993 | €30,820 | +€16,827 | +120% |
| Other amounts receivable | 41 | - | €5,608 | +€5,608 | |
| Current investments | 50/53 | €1,500 | €19,500 | +€18,000 | +1,200% |
| Cash at bank and in hand | 54/58 | €96,995 | €87,984 | -€9,011 | -9.3% |
| Deferred charges and accrued income | 490/1 | €1,165 | €1,202 | +€37 | +3.2% |
| Total equity and liabilities | 10/49 | €159,783 | €181,674 | +€21,891 | +13.7% |
| Equity | 10/15 | €105,528 | €117,417 | +€11,889 | +11.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €103,528 | €115,417 | +€11,889 | +11.5% |
| Distributable reserves | 133 | €103,528 | €115,417 | +€11,889 | +11.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €54,256 | €64,258 | +€10,002 | +18.4% |
| Amounts payable within one year | 42/48 | €52,613 | €63,080 | +€10,466 | +19.9% |
| Trade debts | 44 | €936 | €16,722 | +€15,787 | +1,687% |
| Suppliers | 440/4 | €936 | €16,722 | +€15,787 | +1,687% |
| Taxes, remuneration and social security | 45 | €28,104 | €18,076 | -€10,028 | -35.7% |
| Taxes | 450/3 | €28,104 | €18,076 | -€10,028 | -35.7% |
| Other amounts payable | 47/48 | €23,574 | €28,281 | +€4,707 | +20.0% |
| Accrued charges and deferred income | 492/3 | €1,642 | €1,178 | -€464 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,687 | €9,570 | +€883 | +10.2% |
| Other operating charges | 640/8 | €64 | €465 | +€402 | +630% |
| Gross operating margin | 9900 | €56,420 | €27,836 | -€28,583 | -50.7% |
| Operating profit (loss) | 9901 | €47,669 | €17,801 | -€29,868 | -62.7% |
| Financial income | 75/76B | €7 | €396 | +€389 | +5,362% |
| Recurring financial income | 75 | €7 | €396 | +€389 | +5,362% |
| Financial charges | 65/66B | €2,449 | €1,802 | -€646 | -26.4% |
| Recurring financial charges | 65 | €2,449 | €1,802 | -€646 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €45,227 | €16,394 | -€28,833 | -63.8% |
| Income taxes | 67/77 | €9,427 | €4,505 | -€4,921 | -52.2% |
| Profit (loss) for the period | 9904 | €35,800 | €11,889 | -€23,911 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,800 | €11,889 | -€23,911 | -66.8% |
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 26 October 2026 via checked.be.