PIE ACADEMY: 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.
PIE ACADEMY
Largest movements
- Intangible fixed assets -€164
no longer reported in 2025 (was €164)
- Stocks and contracts +€125
up €125 (+12.4%), from €1,010 to €1,135
- Tangible fixed assets -€85
no longer reported in 2025 (was €85)
- Profit (loss) carried forward -€5,631
down €5,631 (-16.0%), from -€35,250 to -€40,881
- Trade debts +€3,892
up €3,892 (+153%), from €2,550 to €6,442
- Other debts +€1,359
up €1,359 (+7.1%), from €19,208 to €20,567
- Tax, wage and social debts +€276
up €276 (+32.7%), from €845 to €1,121
- Depreciation -€6,344
down €6,344 (-96.2%), from €6,593 to €249
- Gross operating margin -€1,139
down €1,139 (-79.4%), from -€1,435 to -€2,574
- Financial charges -€246
down €246 (-10.0%), from €2,454 to €2,208
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 | €7,353 | €7,249 | -€104 | -1.4% |
| Fixed assets | 21/28 | €249 | - | -€249 | |
| Intangible fixed assets | 21 | €164 | - | -€164 | |
| Tangible fixed assets | 22/27 | €85 | - | -€85 | |
| Plant, machinery and equipment | 23 | €85 | - | -€85 | |
| Current assets | 29/58 | €7,104 | €7,249 | +€145 | +2.0% |
| Stocks and contracts in progress | 3 | €1,010 | €1,135 | +€125 | +12.4% |
| Stocks | 30/36 | €1,010 | €1,135 | +€125 | +12.4% |
| Cash at bank and in hand | 54/58 | €6,094 | €6,114 | +€20 | +0.3% |
| Total equity and liabilities | 10/49 | €7,353 | €7,249 | -€104 | -1.4% |
| Equity | 10/15 | -€15,250 | -€20,881 | -€5,631 | -36.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,250 | -€40,881 | -€5,631 | -16.0% |
| Amounts payable | 17/49 | €22,603 | €28,130 | +€5,527 | +24.5% |
| Amounts payable within one year | 42/48 | €22,603 | €28,130 | +€5,527 | +24.5% |
| Trade debts | 44 | €2,550 | €6,442 | +€3,892 | +153% |
| Suppliers | 440/4 | €2,550 | €6,442 | +€3,892 | +153% |
| Taxes, remuneration and social security | 45 | €845 | €1,121 | +€276 | +32.7% |
| Taxes | 450/3 | €845 | €1,121 | +€276 | +32.7% |
| Other amounts payable | 47/48 | €19,208 | €20,567 | +€1,359 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,593 | €249 | -€6,344 | -96.2% |
| Other operating charges | 640/8 | €594 | €613 | +€19 | +3.2% |
| Gross operating margin | 9900 | -€1,435 | -€2,574 | -€1,139 | -79.4% |
| Operating profit (loss) | 9901 | -€8,622 | -€3,436 | +€5,186 | +60.1% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €2,454 | €2,208 | -€246 | -10.0% |
| Recurring financial charges | 65 | €2,454 | €2,208 | -€246 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,076 | -€5,631 | +€5,445 | +49.2% |
| Profit (loss) for the period | 9904 | -€11,076 | -€5,631 | +€5,445 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,076 | -€5,631 | +€5,445 | +49.2% |
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 23 October 2026 via checked.be.