PIA: 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.
PIA
Largest movements
- Receivables within one year +€263,093
up €263,093 (+4.5%), from €5.9m to €6.2m
of which Other amounts receivable: +€242,824
- Profit (loss) carried forward +€305,370
up €305,370 (+21.1%), from -€1.5m to -€1.1m
- Gross operating margin +€112,175
up €112,175 (+388.5%), from €28,874 to €141,049
- Financial income +€6,821
up €6,821 (+4.3%), from €159,426 to €166,248
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 | €6,254,425 | €6,543,495 | +€289,070 | +4.6% |
| Fixed assets | 21/28 | €356,900 | €356,900 | = | 0.0% |
| Financial fixed assets | 28 | €356,900 | €356,900 | = | 0.0% |
| Current assets | 29/58 | €5,897,525 | €6,186,595 | +€289,070 | +4.9% |
| Amounts receivable within one year | 40/41 | €5,892,565 | €6,155,657 | +€263,093 | +4.5% |
| Trade receivables | 40 | €63,000 | €83,268 | +€20,268 | +32.2% |
| Other amounts receivable | 41 | €5,829,565 | €6,072,389 | +€242,824 | +4.2% |
| Cash at bank and in hand | 54/58 | €4,960 | €30,937 | +€25,977 | +523.7% |
| Total equity and liabilities | 10/49 | €6,254,425 | €6,543,495 | +€289,070 | +4.6% |
| Equity | 10/15 | €6,238,067 | €6,543,436 | +€305,370 | +4.9% |
| Contributions | 10/11 | €7,623,000 | €7,623,000 | = | 0.0% |
| Capital | 10 | €7,623,000 | €7,623,000 | = | 0.0% |
| Issued capital | 100 | €7,623,000 | €7,623,000 | = | 0.0% |
| Reserves | 13 | €65,202 | €65,202 | = | 0.0% |
| Non-distributable reserves | 130/1 | €65,202 | €65,202 | = | 0.0% |
| Legal reserve | 130 | €65,202 | €65,202 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,450,135 | -€1,144,765 | +€305,370 | +21.1% |
| Amounts payable | 17/49 | €16,358 | €58 | -€16,300 | -99.6% |
| Amounts payable within one year | 42/48 | €16,358 | €58 | -€16,300 | -99.6% |
| Trade debts | 44 | €1,300 | - | -€1,300 | |
| Suppliers | 440/4 | €1,300 | - | -€1,300 | |
| Other amounts payable | 47/48 | €15,058 | €58 | -€15,000 | -99.6% |
| Other operating charges | 640/8 | €244 | €491 | +€248 | +101.7% |
| Non-recurring operating charges | 66A | €50 | €1,104 | +€1,054 | +2108.6% |
| Gross operating margin | 9900 | €28,874 | €141,049 | +€112,175 | +388.5% |
| Operating profit (loss) | 9901 | €28,580 | €139,453 | +€110,873 | +387.9% |
| Financial income | 75/76B | €159,426 | €166,248 | +€6,821 | +4.3% |
| Recurring financial income | 75 | €159,426 | €166,248 | +€6,821 | +4.3% |
| Financial charges | 65/66B | €360 | €331 | -€29 | -8.0% |
| Recurring financial charges | 65 | €360 | €331 | -€29 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €187,647 | €305,370 | +€117,723 | +62.7% |
| Profit (loss) for the period | 9904 | €187,647 | €305,370 | +€117,723 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €187,647 | €305,370 | +€117,723 | +62.7% |
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 2 October 2026 via checked.be.