PiBorIT: 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.
PiBorIT
Largest movements
- Current assets +€43,739
up €43,739 (+11.9%), from €366,742 to €410,481
of which Current investments: +€51,000
- Tangible fixed assets -€4,614
down €4,614 (-74.8%), from €6,165 to €1,551
- Reserves +€41,570
up €41,570 (+12.4%), from €336,288 to €377,858
- Gross operating margin +€4,060
up €4,060 (+6.7%), from €60,755 to €64,815
- Taxes +€2,150
up €2,150 (+13.7%), from €15,639 to €17,789
- Depreciation -€826
down €826 (-15.2%), from €5,440 to €4,614
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €372,907 | €412,032 | +€39,125 | +10.5% |
| Fixed assets | 21/28 | €6,165 | €1,551 | -€4,614 | -74.8% |
| Tangible fixed assets | 22/27 | €6,165 | €1,551 | -€4,614 | -74.8% |
| Current assets | 29/58 | €366,742 | €410,481 | +€43,739 | +11.9% |
| Amounts receivable within one year | 40/41 | €25,978 | €27,816 | +€1,838 | +7.1% |
| Current investments | 50/53 | €327,780 | €378,780 | +€51,000 | +15.6% |
| Cash at bank and in hand | 54/58 | €12,478 | €2,974 | -€9,504 | -76.2% |
| Total equity and liabilities | 10/49 | €372,907 | €412,032 | +€39,125 | +10.5% |
| Equity | 10/15 | €356,288 | €397,858 | +€41,570 | +11.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €336,288 | €377,858 | +€41,570 | +12.4% |
| Amounts payable | 17/49 | €16,619 | €14,174 | -€2,445 | -14.7% |
| Amounts payable within one year | 42/48 | €16,619 | €14,174 | -€2,445 | -14.7% |
| Trade debts | 44 | €2,111 | €1,333 | -€777 | -36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,440 | €4,614 | -€826 | -15.2% |
| Gross operating margin | 9900 | €60,755 | €64,815 | +€4,060 | +6.7% |
| Operating profit (loss) | 9901 | €54,557 | €59,435 | +€4,878 | +8.9% |
| Recurring financial income | 75 | €498 | €588 | +€90 | +18.0% |
| Recurring financial charges | 65 | €917 | €64 | -€853 | -93.0% |
| Profit (loss) for the period before taxes | 9903 | €54,138 | €59,959 | +€5,821 | +10.8% |
| Income taxes | 67/77 | €15,639 | €17,789 | +€2,150 | +13.7% |
| Profit (loss) for the period | 9904 | €38,499 | €42,170 | +€3,671 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,499 | €42,170 | +€3,671 | +9.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.