PIDL: 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.
PIDL
Largest movements
- Cash +€128,325
up €128,325 (+28.8%), from €445,991 to €574,316
mainly Net result for the year (+€164,230) and Depreciation (+€28,432)
- Receivables within one year -€28,330
down €28,330 (-84.0%), from €33,744 to €5,414
of which Trade receivables: -€28,330
- Tangible fixed assets -€19,605
down €19,605 (-5.2%), from €373,959 to €354,354
of which Land and buildings: -€13,397
- Reserves +€82,160
up €82,160 (+13.2%), from €622,308 to €704,469
- Other debts -€30,537
down €30,537 (-26.0%), from €117,496 to €86,959
- Tax, wage and social debts +€26,285
up €26,285 (+44.5%), from €59,019 to €85,305
of which Taxes: +€22,670
- Staff costs +€18,750
up €18,750 (+29.3%), from €64,085 to €82,836
- Taxes -€10,152
down €10,152 (-12.2%), from €83,260 to €73,108
- Gross operating margin -€7,974
down €7,974 (-2.1%), from €371,539 to €363,565
- Financial charges +€6,197
up €6,197 (+251.7%), from €2,462 to €8,659
- Depreciation -€3,866
down €3,866 (-12.0%), from €32,297 to €28,432
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 | €882,736 | €961,485 | +€78,749 | +8.9% |
| Fixed assets | 21/28 | €373,959 | €354,354 | -€19,605 | -5.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €373,959 | €354,354 | -€19,605 | -5.2% |
| Land and buildings | 22 | €336,499 | €323,102 | -€13,397 | -4.0% |
| Plant, machinery and equipment | 23 | €3,549 | €8,852 | +€5,303 | +149.4% |
| Furniture and vehicles | 24 | €33,910 | €22,399 | -€11,511 | -33.9% |
| Current assets | 29/58 | €508,777 | €607,131 | +€98,354 | +19.3% |
| Stocks and contracts in progress | 3 | €21,185 | €18,661 | -€2,525 | -11.9% |
| Stocks | 30/36 | €21,185 | €18,661 | -€2,525 | -11.9% |
| Amounts receivable within one year | 40/41 | €33,744 | €5,414 | -€28,330 | -84.0% |
| Trade receivables | 40 | €33,744 | €5,414 | -€28,330 | -84.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €445,991 | €574,316 | +€128,325 | +28.8% |
| Deferred charges and accrued income | 490/1 | €7,857 | €8,741 | +€884 | +11.3% |
| Total equity and liabilities | 10/49 | €882,736 | €961,485 | +€78,749 | +8.9% |
| Equity | 10/15 | €640,858 | €723,019 | +€82,160 | +12.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €622,308 | €704,469 | +€82,160 | +13.2% |
| Distributable reserves | 133 | €622,308 | €704,469 | +€82,160 | +13.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €241,877 | €238,466 | -€3,411 | -1.4% |
| Amounts payable after more than one year | 17 | €59,552 | €54,943 | -€4,610 | -7.7% |
| Financial debts | 170/4 | €59,552 | €54,943 | -€4,610 | -7.7% |
| Amounts payable within one year | 42/48 | €182,265 | €179,855 | -€2,410 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €4,504 | €4,610 | +€106 | +2.3% |
| Trade debts | 44 | €1,245 | €2,176 | +€931 | +74.7% |
| Suppliers | 440/4 | €1,245 | €2,176 | +€931 | +74.7% |
| Advances received on contracts in progress | 46 | €0 | €806 | +€806 | |
| Taxes, remuneration and social security | 45 | €59,019 | €85,305 | +€26,285 | +44.5% |
| Taxes | 450/3 | €45,564 | €68,234 | +€22,670 | +49.8% |
| Remuneration and social security | 454/9 | €13,456 | €17,071 | +€3,615 | +26.9% |
| Other amounts payable | 47/48 | €117,496 | €86,959 | -€30,537 | -26.0% |
| Accrued charges and deferred income | 492/3 | €60 | €3,668 | +€3,608 | +6014.1% |
| Remuneration, social security and pensions | 62 | €64,085 | €82,836 | +€18,750 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,297 | €28,432 | -€3,866 | -12.0% |
| Other operating charges | 640/8 | €6,783 | €6,302 | -€481 | -7.1% |
| Gross operating margin | 9900 | €371,539 | €363,565 | -€7,974 | -2.1% |
| Operating profit (loss) | 9901 | €268,374 | €245,996 | -€22,377 | -8.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +900.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +900.0% |
| Financial charges | 65/66B | €2,462 | €8,659 | +€6,197 | +251.7% |
| Recurring financial charges | 65 | €2,462 | €8,659 | +€6,197 | +251.7% |
| Profit (loss) for the period before taxes | 9903 | €265,912 | €237,338 | -€28,574 | -10.7% |
| Income taxes | 67/77 | €83,260 | €73,108 | -€10,152 | -12.2% |
| Profit (loss) for the period | 9904 | €182,652 | €164,230 | -€18,422 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €182,652 | €164,230 | -€18,422 | -10.1% |
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 6 October 2026 via checked.be.