PIAB: 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.
PIAB
Largest movements
- Receivables within one year -€12,464
no longer reported in 2025 (was €12,464)
- Cash -€1,694
down €1,694 (-93.5%), from €1,813 to €118
mainly Short-term financial debts (-€40,725) and Debts after one year (-€20,356)
- Short-term financial debts -€40,725
no longer reported in 2025 (was €40,725)
- Profit (loss) carried forward +€24,740
up €24,740 (+7.4%), from -€336,443 to -€311,704
- Current portion of long-term debt +€21,417
new in 2025: €21,417
- Debts after one year -€20,356
down €20,356 (-19.3%), from €105,356 to €85,000
- Tax, wage and social debts +€765
up €765 (+53.2%), from €1,440 to €2,205
- Other operating charges -€12,254
down €12,254 (-98.0%), from €12,500 to €246
- Gross operating margin -€4,531
down €4,531 (-12.7%), from €35,774 to €31,243
- Financial charges -€658
down €658 (-19.6%), from €3,350 to €2,692
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 | €14,277 | €118 | -€14,158 | -99.2% |
| Current assets | 29/58 | €14,277 | €118 | -€14,158 | -99.2% |
| Amounts receivable within one year | 40/41 | €12,464 | - | -€12,464 | |
| Trade receivables | 40 | €12,464 | - | -€12,464 | |
| Cash at bank and in hand | 54/58 | €1,813 | €118 | -€1,694 | -93.5% |
| Total equity and liabilities | 10/49 | €14,277 | €118 | -€14,158 | -99.2% |
| Equity | 10/15 | -€133,243 | -€108,504 | +€24,740 | +18.6% |
| Contributions | 10/11 | €203,200 | €203,200 | = | 0.0% |
| Capital | 10 | €203,200 | - | -€203,200 | |
| Issued capital | 100 | €203,200 | - | -€203,200 | |
| Profit (loss) carried forward | 14 | -€336,443 | -€311,704 | +€24,740 | +7.4% |
| Amounts payable | 17/49 | €147,520 | €108,622 | -€38,898 | -26.4% |
| Amounts payable after more than one year | 17 | €105,356 | €85,000 | -€20,356 | -19.3% |
| Financial debts | 170/4 | €105,356 | €85,000 | -€20,356 | -19.3% |
| Amounts payable within one year | 42/48 | €42,164 | €23,622 | -€18,542 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | - | €21,417 | +€21,417 | |
| Financial debts | 43 | €40,725 | - | -€40,725 | |
| Credit institutions | 430/8 | €40,725 | - | -€40,725 | |
| Taxes, remuneration and social security | 45 | €1,440 | €2,205 | +€765 | +53.2% |
| Taxes | 450/3 | €1,440 | €2,205 | +€765 | +53.2% |
| Other operating charges | 640/8 | €12,500 | €246 | -€12,254 | -98.0% |
| Non-recurring operating charges | 66A | - | €3,566 | +€3,566 | |
| Gross operating margin | 9900 | €35,774 | €31,243 | -€4,531 | -12.7% |
| Operating profit (loss) | 9901 | €23,274 | €27,432 | +€4,158 | +17.9% |
| Financial charges | 65/66B | €3,350 | €2,692 | -€658 | -19.6% |
| Recurring financial charges | 65 | €3,350 | €2,692 | -€658 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €19,924 | €24,740 | +€4,815 | +24.2% |
| Profit (loss) for the period | 9904 | €19,924 | €24,740 | +€4,815 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,924 | €24,740 | +€4,815 | +24.2% |
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 13 October 2026 via checked.be.