PiBa Commerce: 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.
PiBa Commerce
Largest movements
- Stocks and contracts -€530,585
down €530,585 (-100%), from €530,585 to €0
- Receivables within one year +€138,277
up €138,277 (+246%), from €56,227 to €194,504
of which Trade receivables: +€140,568
- Cash -€35,736
down €35,736 (-99.9%), from €35,759 to €23
mainly Other debts (-€194,949) and Short-term financial debts (-€190,688)
- Tangible fixed assets +€12,993
up €12,993 (+28.3%), from €45,986 to €58,980
of which Furniture and vehicles: +€19,055
- Other debts -€194,949
down €194,949 (-58.1%), from €335,609 to €140,661
- Short-term financial debts -€190,688
down €190,688 (-99.9%), from €190,842 to €155
- Debts after one year -€95,112
down €95,112 (-94.9%), from €100,205 to €5,093
- Accrued charges and deferred income +€42,174
up €42,174 (+5,901%), from €715 to €42,889
- Trade debts +€26,749
new in 2025: €26,749
- Staff costs -€15,689
down €15,689 (-86.9%), from €18,054 to €2,365
- Gross operating margin +€11,970
up €11,970 (+31.1%), from €38,499 to €50,468
- Depreciation +€8,381
up €8,381 (+70.7%), from €11,855 to €20,236
- Taxes -€4,987
down €4,987 (-49.9%), from €10,000 to €5,013
- Financial income +€2,711
up €2,711 (+15,173%), from €18 to €2,729
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 | €668,557 | €253,506 | -€415,051 | -62.1% |
| Fixed assets | 21/28 | €45,986 | €58,980 | +€12,993 | +28.3% |
| Tangible fixed assets | 22/27 | €45,986 | €58,980 | +€12,993 | +28.3% |
| Plant, machinery and equipment | 23 | €33,732 | €27,670 | -€6,061 | -18.0% |
| Furniture and vehicles | 24 | €12,255 | €31,309 | +€19,055 | +155% |
| Current assets | 29/58 | €622,571 | €194,526 | -€428,044 | -68.8% |
| Stocks and contracts in progress | 3 | €530,585 | €0 | -€530,585 | -100% |
| Stocks | 30/36 | €530,585 | €0 | -€530,585 | -100% |
| Amounts receivable within one year | 40/41 | €56,227 | €194,504 | +€138,277 | +246% |
| Trade receivables | 40 | €37,321 | €177,889 | +€140,568 | +377% |
| Other amounts receivable | 41 | €18,906 | €16,615 | -€2,291 | -12.1% |
| Cash at bank and in hand | 54/58 | €35,759 | €23 | -€35,736 | -99.9% |
| Total equity and liabilities | 10/49 | €668,557 | €253,506 | -€415,051 | -62.1% |
| Equity | 10/15 | €11,466 | €18,059 | +€6,593 | +57.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €113,546 | €113,546 | = | 0.0% |
| Non-distributable reserves | 130/1 | €104 | €104 | = | 0.0% |
| Reserves not available under the articles | 1311 | €104 | €104 | = | 0.0% |
| Distributable reserves | 133 | €113,443 | €113,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,280 | -€101,687 | +€6,593 | +6.1% |
| Amounts payable | 17/49 | €657,091 | €235,447 | -€421,644 | -64.2% |
| Amounts payable after more than one year | 17 | €100,205 | €5,093 | -€95,112 | -94.9% |
| Financial debts | 170/4 | €100,205 | €5,093 | -€95,112 | -94.9% |
| Amounts payable within one year | 42/48 | €556,172 | €187,465 | -€368,706 | -66.3% |
| Current portion of amounts payable after more than one year | 42 | €1,929 | €0 | -€1,929 | -100% |
| Financial debts | 43 | €190,842 | €155 | -€190,688 | -99.9% |
| Credit institutions | 430/8 | €190,842 | €155 | -€190,688 | -99.9% |
| Trade debts | 44 | - | €26,749 | +€26,749 | |
| Suppliers | 440/4 | - | €26,749 | +€26,749 | |
| Taxes, remuneration and social security | 45 | €27,791 | €19,901 | -€7,890 | -28.4% |
| Taxes | 450/3 | €20,197 | €19,901 | -€296 | -1.5% |
| Remuneration and social security | 454/9 | €7,594 | €0 | -€7,594 | -100% |
| Other amounts payable | 47/48 | €335,609 | €140,661 | -€194,949 | -58.1% |
| Accrued charges and deferred income | 492/3 | €715 | €42,889 | +€42,174 | +5,901% |
| Remuneration, social security and pensions | 62 | €18,054 | €2,365 | -€15,689 | -86.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,855 | €20,236 | +€8,381 | +70.7% |
| Other operating charges | 640/8 | €9,959 | €11,642 | +€1,683 | +16.9% |
| Non-recurring operating charges | 66A | €64,803 | €0 | -€64,803 | -100% |
| Gross operating margin | 9900 | €38,499 | €50,468 | +€11,970 | +31.1% |
| Operating profit (loss) | 9901 | -€66,172 | €16,225 | +€82,398 | |
| Financial income | 75/76B | €18 | €2,729 | +€2,711 | +15,173% |
| Recurring financial income | 75 | €18 | €2,729 | +€2,711 | +15,173% |
| Financial charges | 65/66B | €8,759 | €7,349 | -€1,410 | -16.1% |
| Recurring financial charges | 65 | €8,759 | €7,349 | -€1,410 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€74,914 | €11,606 | +€86,519 | |
| Income taxes | 67/77 | €10,000 | €5,013 | -€4,987 | -49.9% |
| Profit (loss) for the period | 9904 | -€84,914 | €6,593 | +€91,506 | |
| Profit (loss) for the period to be appropriated | 9905 | -€84,914 | €6,593 | +€91,506 |
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 27 October 2026 via checked.be.