PIBO Management: 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.
PIBO Management
Largest movements
- Tangible fixed assets -€7,894
down €7,894 (-30.5%), from €25,917 to €18,023
of which Leasing and similar rights: -€7,757
- Deferred charges and accrued income +€2,577
up €2,577 (+511%), from €504 to €3,081
- Receivables within one year +€1,861
up €1,861 (+15.8%), from €11,798 to €13,658
- Cash +€1,608
up €1,608 (+8.2%), from €19,594 to €21,201
mainly Depreciation (+€7,894) and Net result for the year (+€6,528)
- Debts after one year -€6,866
down €6,866 (-31.4%), from €21,850 to €14,985
- Profit (loss) carried forward +€6,528
up €6,528 (+33.7%), from €19,376 to €25,904
- Trade debts -€1,517
down €1,517 (-97.3%), from €1,558 to €41
- Gross operating margin -€3,504
down €3,504 (-15.0%), from €23,395 to €19,891
- Taxes -€811
down €811 (-27.7%), from €2,931 to €2,120
- Financial charges -€396
down €396 (-18.9%), from €2,091 to €1,695
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 | €57,812 | €55,964 | -€1,848 | -3.2% |
| Fixed assets | 21/28 | €25,917 | €18,023 | -€7,894 | -30.5% |
| Tangible fixed assets | 22/27 | €25,917 | €18,023 | -€7,894 | -30.5% |
| Furniture and vehicles | 24 | €203 | €66 | -€137 | -67.7% |
| Leasing and similar rights | 25 | €25,714 | €17,957 | -€7,757 | -30.2% |
| Current assets | 29/58 | €31,895 | €37,941 | +€6,046 | +19.0% |
| Amounts receivable within one year | 40/41 | €11,798 | €13,658 | +€1,861 | +15.8% |
| Trade receivables | 40 | €11,798 | €13,658 | +€1,861 | +15.8% |
| Cash at bank and in hand | 54/58 | €19,594 | €21,201 | +€1,608 | +8.2% |
| Deferred charges and accrued income | 490/1 | €504 | €3,081 | +€2,577 | +511% |
| Total equity and liabilities | 10/49 | €57,812 | €55,964 | -€1,848 | -3.2% |
| Equity | 10/15 | €22,376 | €28,904 | +€6,528 | +29.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,376 | €25,904 | +€6,528 | +33.7% |
| Amounts payable | 17/49 | €35,436 | €27,060 | -€8,376 | -23.6% |
| Amounts payable after more than one year | 17 | €21,850 | €14,985 | -€6,866 | -31.4% |
| Financial debts | 170/4 | €21,850 | €14,985 | -€6,866 | -31.4% |
| Amounts payable within one year | 42/48 | €13,586 | €12,075 | -€1,511 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €6,475 | €6,866 | +€390 | +6.0% |
| Trade debts | 44 | €1,558 | €41 | -€1,517 | -97.3% |
| Suppliers | 440/4 | €1,558 | €41 | -€1,517 | -97.3% |
| Taxes, remuneration and social security | 45 | €5,552 | €5,168 | -€384 | -6.9% |
| Taxes | 450/3 | €5,552 | €5,168 | -€384 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,894 | €7,894 | = | 0.0% |
| Other operating charges | 640/8 | €1,613 | €1,654 | +€42 | +2.6% |
| Gross operating margin | 9900 | €23,395 | €19,891 | -€3,504 | -15.0% |
| Operating profit (loss) | 9901 | €13,888 | €10,342 | -€3,546 | -25.5% |
| Financial charges | 65/66B | €2,091 | €1,695 | -€396 | -18.9% |
| Recurring financial charges | 65 | €2,091 | €1,695 | -€396 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €11,797 | €8,648 | -€3,150 | -26.7% |
| Income taxes | 67/77 | €2,931 | €2,120 | -€811 | -27.7% |
| Profit (loss) for the period | 9904 | €8,866 | €6,528 | -€2,338 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,866 | €6,528 | -€2,338 | -26.4% |
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 16 October 2026 via checked.be.