PIBO: 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.
PIBO
Largest movements
- Tangible fixed assets -€30,107
down €30,107 (-4.5%), from €662,100 to €631,993
of which Land and buildings: -€24,599
- Cash +€28,363
up €28,363 (+106.6%), from €26,604 to €54,967
mainly Depreciation (+€36,586) and Net result for the year (+€9,448)
- Profit (loss) carried forward +€24,212
up €24,212 (+44.0%), from -€55,017 to -€30,805
- Reserves -€14,763
down €14,763 (-9.0%), from €163,574 to €148,811
of which Distributable reserves: -€11,155
- Other debts -€10,994
down €10,994 (-6.4%), from €170,798 to €159,804
- Gross operating margin +€21,124
up €21,124 (+68.0%), from €31,077 to €52,201
- Financial charges -€1,922
down €1,922 (-85.1%), from €2,258 to €336
- Depreciation +€998
up €998 (+2.8%), from €35,588 to €36,586
- Other operating charges +€771
up €771 (+11.9%), from €6,501 to €7,272
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 | €698,275 | €696,452 | -€1,823 | -0.3% |
| Fixed assets | 21/28 | €662,202 | €632,095 | -€30,107 | -4.5% |
| Tangible fixed assets | 22/27 | €662,100 | €631,993 | -€30,107 | -4.5% |
| Land and buildings | 22 | €650,195 | €625,597 | -€24,599 | -3.8% |
| Furniture and vehicles | 24 | €11,904 | €6,396 | -€5,508 | -46.3% |
| Financial fixed assets | 28 | €102 | €102 | = | 0.0% |
| Current assets | 29/58 | €36,073 | €64,357 | +€28,284 | +78.4% |
| Amounts receivable within one year | 40/41 | €5,183 | €4,683 | -€499 | -9.6% |
| Trade receivables | 40 | €4,229 | €4,647 | +€418 | +9.9% |
| Other amounts receivable | 41 | €954 | €37 | -€917 | -96.2% |
| Cash at bank and in hand | 54/58 | €26,604 | €54,967 | +€28,363 | +106.6% |
| Deferred charges and accrued income | 490/1 | €4,286 | €4,707 | +€421 | +9.8% |
| Total equity and liabilities | 10/49 | €698,275 | €696,452 | -€1,823 | -0.3% |
| Equity | 10/15 | €220,110 | €229,558 | +€9,448 | +4.3% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €163,574 | €148,811 | -€14,763 | -9.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €97,419 | €93,811 | -€3,608 | -3.7% |
| Distributable reserves | 133 | €66,155 | €55,000 | -€11,155 | -16.9% |
| Profit (loss) carried forward | 14 | -€55,017 | -€30,805 | +€24,212 | +44.0% |
| Provisions and deferred taxes | 16 | €50,163 | €48,305 | -€1,858 | -3.7% |
| Deferred taxes | 168 | €50,163 | €48,305 | -€1,858 | -3.7% |
| Amounts payable | 17/49 | €428,002 | €418,588 | -€9,413 | -2.2% |
| Amounts payable after more than one year | 17 | €242,150 | €242,450 | +€300 | +0.1% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €242,150 | €242,450 | +€300 | +0.1% |
| Amounts payable within one year | 42/48 | €185,852 | €175,288 | -€10,563 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €9,830 | €12,390 | +€2,560 | +26.0% |
| Suppliers | 440/4 | €9,830 | €12,390 | +€2,560 | +26.0% |
| Taxes, remuneration and social security | 45 | €5,224 | €3,095 | -€2,129 | -40.8% |
| Taxes | 450/3 | €3,400 | €3,095 | -€305 | -9.0% |
| Remuneration and social security | 454/9 | €1,824 | €0 | -€1,824 | -100.0% |
| Other amounts payable | 47/48 | €170,798 | €159,804 | -€10,994 | -6.4% |
| Accrued charges and deferred income | 492/3 | €0 | €850 | +€850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,588 | €36,586 | +€998 | +2.8% |
| Other operating charges | 640/8 | €6,501 | €7,272 | +€771 | +11.9% |
| Gross operating margin | 9900 | €31,077 | €52,201 | +€21,124 | +68.0% |
| Operating profit (loss) | 9901 | -€11,011 | €8,344 | +€19,355 | |
| Financial income | 75/76B | €45 | €24 | -€21 | -46.7% |
| Recurring financial income | 75 | €45 | €24 | -€21 | -46.7% |
| Financial charges | 65/66B | €2,258 | €336 | -€1,922 | -85.1% |
| Recurring financial charges | 65 | €2,258 | €336 | -€1,922 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,224 | €8,032 | +€21,257 | |
| Transfer from deferred taxes | 780 | €1,858 | €1,858 | = | 0.0% |
| Income taxes | 67/77 | €368 | €442 | +€74 | +20.1% |
| Profit (loss) for the period | 9904 | -€11,734 | €9,448 | +€21,183 | |
| Transfer from tax-exempt reserves | 789 | €3,608 | €3,608 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,126 | €13,056 | +€21,183 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.