Pia Potargent: 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.
Pia Potargent
Largest movements
- Tangible fixed assets +€11,674
up €11,674 (+284%), from €4,112 to €15,786
of which Furniture and vehicles: +€11,791
- Cash +€8,064
up €8,064 (+24.1%), from €33,477 to €41,541
mainly Net result for the year (+€11,492) and Tax, wage and social debts (+€4,376)
- Receivables within one year -€2,461
down €2,461 (-10.1%), from €24,409 to €21,948
- Current investments -€878
no longer reported in 2025 (was €878)
- Profit (loss) carried forward +€11,492
up €11,492 (+27.4%), from €41,953 to €53,445
- Tax, wage and social debts +€4,376
up €4,376 (+50.1%), from €8,731 to €13,107
- Other debts +€2,645
up €2,645 (+44.6%), from €5,934 to €8,579
- Trade debts -€1,635
down €1,635 (-42.3%), from €3,863 to €2,228
- Gross operating margin -€9,049
down €9,049 (-33.1%), from €27,311 to €18,262
- Taxes -€1,853
down €1,853 (-30.7%), from €6,026 to €4,174
- Depreciation +€815
up €815 (+62.0%), from €1,316 to €2,132
- Other operating charges +€342
up €342 (+589%), from €58 to €400
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 | €63,481 | €80,359 | +€16,878 | +26.6% |
| Fixed assets | 21/28 | €4,612 | €16,286 | +€11,674 | +253% |
| Tangible fixed assets | 22/27 | €4,112 | €15,786 | +€11,674 | +284% |
| Plant, machinery and equipment | 23 | €117 | - | -€117 | |
| Furniture and vehicles | 24 | €3,995 | €15,786 | +€11,791 | +295% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €58,868 | €64,073 | +€5,204 | +8.8% |
| Amounts receivable within one year | 40/41 | €24,409 | €21,948 | -€2,461 | -10.1% |
| Trade receivables | 40 | €24,409 | €21,948 | -€2,461 | -10.1% |
| Current investments | 50/53 | €878 | - | -€878 | |
| Cash at bank and in hand | 54/58 | €33,477 | €41,541 | +€8,064 | +24.1% |
| Deferred charges and accrued income | 490/1 | €105 | €584 | +€479 | +456% |
| Total equity and liabilities | 10/49 | €63,481 | €80,359 | +€16,878 | +26.6% |
| Equity | 10/15 | €44,953 | €56,445 | +€11,492 | +25.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,953 | €53,445 | +€11,492 | +27.4% |
| Amounts payable | 17/49 | €18,528 | €23,914 | +€5,386 | +29.1% |
| Amounts payable within one year | 42/48 | €18,528 | €23,914 | +€5,386 | +29.1% |
| Trade debts | 44 | €3,863 | €2,228 | -€1,635 | -42.3% |
| Suppliers | 440/4 | €3,863 | €2,228 | -€1,635 | -42.3% |
| Taxes, remuneration and social security | 45 | €8,731 | €13,107 | +€4,376 | +50.1% |
| Taxes | 450/3 | €8,731 | €13,107 | +€4,376 | +50.1% |
| Other amounts payable | 47/48 | €5,934 | €8,579 | +€2,645 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,316 | €2,132 | +€815 | +62.0% |
| Other operating charges | 640/8 | €58 | €400 | +€342 | +589% |
| Gross operating margin | 9900 | €27,311 | €18,262 | -€9,049 | -33.1% |
| Operating profit (loss) | 9901 | €25,937 | €15,731 | -€10,206 | -39.3% |
| Financial income | 75/76B | €5 | €2 | -€3 | -59.9% |
| Recurring financial income | 75 | €5 | €2 | -€3 | -59.9% |
| Financial charges | 65/66B | €162 | €67 | -€95 | -58.7% |
| Recurring financial charges | 65 | €162 | €67 | -€95 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €25,779 | €15,666 | -€10,113 | -39.2% |
| Income taxes | 67/77 | €6,026 | €4,174 | -€1,853 | -30.7% |
| Profit (loss) for the period | 9904 | €19,753 | €11,492 | -€8,261 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,753 | €11,492 | -€8,261 | -41.8% |
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 19 October 2026 via checked.be.