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
- Receivables within one year -€27,859
down €27,859 (-99.2%), from €28,088 to €229
of which Trade receivables: -€27,924
- Cash +€11,798
up €11,798 (+79.4%), from €14,861 to €26,659
mainly Net result for the year (+€39,844) and Receivables within one year (+€27,859)
- Tangible fixed assets -€8,825
down €8,825 (-31.2%), from €28,261 to €19,435
of which Furniture and vehicles: -€9,381
- Reserves -€27,000
down €27,000 (-93.1%), from €29,000 to €2,000
- Profit (loss) carried forward +€14,844
up €14,844 (+2214.2%), from €670 to €15,514
- Debts after one year -€7,697
down €7,697 (-50.8%), from €15,138 to €7,441
- Other debts -€4,006
down €4,006 (-58.1%), from €6,897 to €2,892
- Trade debts +€1,848
up €1,848 (+454.7%), from €406 to €2,254
- Gross operating margin +€35,159
up €35,159 (+103.7%), from €33,891 to €69,050
- Taxes +€10,677
up €10,677 (+156.1%), from €6,840 to €17,517
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 | €72,750 | €48,168 | -€24,582 | -33.8% |
| Fixed assets | 21/28 | €28,261 | €19,435 | -€8,825 | -31.2% |
| Tangible fixed assets | 22/27 | €28,261 | €19,435 | -€8,825 | -31.2% |
| Plant, machinery and equipment | 23 | €596 | €1,152 | +€556 | +93.2% |
| Furniture and vehicles | 24 | €27,664 | €18,283 | -€9,381 | -33.9% |
| Current assets | 29/58 | €44,489 | €28,732 | -€15,757 | -35.4% |
| Amounts receivable within one year | 40/41 | €28,088 | €229 | -€27,859 | -99.2% |
| Trade receivables | 40 | €27,924 | - | -€27,924 | |
| Other amounts receivable | 41 | €164 | €229 | +€65 | +39.4% |
| Cash at bank and in hand | 54/58 | €14,861 | €26,659 | +€11,798 | +79.4% |
| Deferred charges and accrued income | 490/1 | €1,541 | €1,845 | +€304 | +19.7% |
| Total equity and liabilities | 10/49 | €72,750 | €48,168 | -€24,582 | -33.8% |
| Equity | 10/15 | €32,670 | €20,514 | -€12,156 | -37.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €29,000 | €2,000 | -€27,000 | -93.1% |
| Distributable reserves | 133 | €29,000 | €2,000 | -€27,000 | -93.1% |
| Profit (loss) carried forward | 14 | €670 | €15,514 | +€14,844 | +2214.2% |
| Amounts payable | 17/49 | €40,080 | €27,654 | -€12,426 | -31.0% |
| Amounts payable after more than one year | 17 | €15,138 | €7,441 | -€7,697 | -50.8% |
| Financial debts | 170/4 | €15,138 | €7,441 | -€7,697 | -50.8% |
| Amounts payable within one year | 42/48 | €24,942 | €20,213 | -€4,729 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €8,935 | €7,697 | -€1,238 | -13.9% |
| Trade debts | 44 | €406 | €2,254 | +€1,848 | +454.7% |
| Suppliers | 440/4 | €406 | €2,254 | +€1,848 | +454.7% |
| Taxes, remuneration and social security | 45 | €8,703 | €7,370 | -€1,333 | -15.3% |
| Taxes | 450/3 | €8,703 | €7,370 | -€1,333 | -15.3% |
| Other amounts payable | 47/48 | €6,897 | €2,892 | -€4,006 | -58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,650 | €9,875 | +€225 | +2.3% |
| Other operating charges | 640/8 | €505 | €609 | +€103 | +20.5% |
| Gross operating margin | 9900 | €33,891 | €69,050 | +€35,159 | +103.7% |
| Operating profit (loss) | 9901 | €23,736 | €58,566 | +€34,830 | +146.7% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,687 | €1,207 | -€480 | -28.4% |
| Recurring financial charges | 65 | €1,687 | €1,207 | -€480 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €22,049 | €57,361 | +€35,312 | +160.2% |
| Income taxes | 67/77 | €6,840 | €17,517 | +€10,677 | +156.1% |
| Profit (loss) for the period | 9904 | €15,209 | €39,844 | +€24,635 | +162.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,209 | €39,844 | +€24,635 | +162.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.