PIB: 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.
PIB
Largest movements
- Stocks and contracts -€742,962
down €742,962 (-11.0%), from €6.7m to €6.0m
- Receivables within one year -€203,958
down €203,958 (-4.4%), from €4.7m to €4.5m
of which Trade receivables: -€209,616
- Trade debts -€499,345
down €499,345 (-66.4%), from €752,396 to €253,051
- Short-term financial debts -€486,657
down €486,657 (-14.3%), from €3.4m to €2.9m
- Other debts +€347,596
up €347,596 (+3.9%), from €8.9m to €9.2m
- Profit (loss) carried forward -€269,989
down €269,989 (-9.3%), from -€2.9m to -€3.2m
- Gross operating margin -€2.1m
down €2.1m (-93.6%), from €2.2m to €141,193
- Financial charges -€126,285
down €126,285 (-20.7%), from €611,314 to €485,029
- Taxes -€54,431
no longer reported in 2025 (was €54,431)
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.
Cash bridge derived
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 | €11,568,876 | €10,564,293 | -€1.0m | -8.7% |
| Fixed assets | 21/28 | €51,150 | €44,500 | -€6,650 | -13.0% |
| Financial fixed assets | 28 | €51,150 | €44,500 | -€6,650 | -13.0% |
| Current assets | 29/58 | €11,517,726 | €10,519,793 | -€997,932 | -8.7% |
| Stocks and contracts in progress | 3 | €6,746,991 | €6,004,029 | -€742,962 | -11.0% |
| Stocks | 30/36 | €6,746,991 | €6,004,029 | -€742,962 | -11.0% |
| Amounts receivable within one year | 40/41 | €4,659,954 | €4,455,997 | -€203,958 | -4.4% |
| Trade receivables | 40 | €301,150 | €91,533 | -€209,616 | -69.6% |
| Other amounts receivable | 41 | €4,358,805 | €4,364,463 | +€5,659 | +0.1% |
| Cash at bank and in hand | 54/58 | €92,023 | €44,587 | -€47,436 | -51.5% |
| Deferred charges and accrued income | 490/1 | €18,758 | €15,182 | -€3,577 | -19.1% |
| Total equity and liabilities | 10/49 | €11,568,876 | €10,564,293 | -€1.0m | -8.7% |
| Equity | 10/15 | -€1,608,500 | -€1,878,489 | -€269,989 | -16.8% |
| Contributions | 10/11 | €1,300,000 | €1,300,000 | = | 0.0% |
| Capital | 10 | €1,300,000 | €1,300,000 | = | 0.0% |
| Issued capital | 100 | €1,300,000 | €1,300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,908,500 | -€3,178,489 | -€269,989 | -9.3% |
| Amounts payable | 17/49 | €13,177,376 | €12,442,783 | -€734,593 | -5.6% |
| Amounts payable within one year | 42/48 | €13,157,598 | €12,441,441 | -€716,158 | -5.4% |
| Financial debts | 43 | €3,404,933 | €2,918,276 | -€486,657 | -14.3% |
| Credit institutions | 430/8 | €3,404,933 | €2,918,276 | -€486,657 | -14.3% |
| Trade debts | 44 | €752,396 | €253,051 | -€499,345 | -66.4% |
| Suppliers | 440/4 | €752,396 | €253,051 | -€499,345 | -66.4% |
| Taxes, remuneration and social security | 45 | €141,270 | €63,519 | -€77,751 | -55.0% |
| Taxes | 450/3 | €141,270 | €63,519 | -€77,751 | -55.0% |
| Other amounts payable | 47/48 | €8,858,999 | €9,206,595 | +€347,596 | +3.9% |
| Accrued charges and deferred income | 492/3 | €19,778 | €1,342 | -€18,435 | -93.2% |
| Other operating charges | 640/8 | €91 | €6,043 | +€5,951 | +6535.8% |
| Gross operating margin | 9900 | €2,216,369 | €141,193 | -€2.1m | -93.6% |
| Operating profit (loss) | 9901 | €2,216,278 | €135,151 | -€2.1m | -93.9% |
| Financial income | 75/76B | €60,862 | €79,889 | +€19,027 | +31.3% |
| Recurring financial income | 75 | €60,862 | €79,889 | +€19,027 | +31.3% |
| Financial charges | 65/66B | €611,314 | €485,029 | -€126,285 | -20.7% |
| Recurring financial charges | 65 | €611,314 | €485,029 | -€126,285 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €1,665,825 | -€269,989 | -€1.9m | |
| Income taxes | 67/77 | €54,431 | - | -€54,431 | |
| Profit (loss) for the period | 9904 | €1,611,394 | -€269,989 | -€1.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,611,394 | -€269,989 | -€1.9m |
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 11 October 2026 via checked.be.