PIE CONSULTANCY: 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.
PIE CONSULTANCY
Largest movements
- Receivables after one year +€140,000
up €140,000 (+291.7%), from €48,000 to €188,000
- Cash -€40,719
down €40,719 (-68.2%), from €59,716 to €18,997
mainly Receivables after one year (-€140,000) and Contributions, distributions and other (-€46,460)
- Receivables within one year -€37,288
down €37,288 (-28.8%), from €129,325 to €92,037
of which Other amounts receivable: -€36,093
- Other debts +€53,145
up €53,145 (+96.3%), from €55,209 to €108,354
- Reserves +€4,732
up €4,732 (+3.1%), from €153,618 to €158,350
- Gross operating margin +€4,774
up €4,774 (+7.4%), from €64,307 to €69,081
- Write-downs -€905
down €905 (-100.0%), from €905 to €0
- Taxes +€849
up €849 (+6.5%), from €13,065 to €13,915
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 | €243,026 | €303,019 | +€59,994 | +24.7% |
| Current assets | 29/58 | €243,026 | €303,019 | +€59,994 | +24.7% |
| Amounts receivable after more than one year | 29 | €48,000 | €188,000 | +€140,000 | +291.7% |
| Other amounts receivable | 291 | €48,000 | €188,000 | +€140,000 | +291.7% |
| Amounts receivable within one year | 40/41 | €129,325 | €92,037 | -€37,288 | -28.8% |
| Trade receivables | 40 | €14,057 | €12,862 | -€1,195 | -8.5% |
| Other amounts receivable | 41 | €115,268 | €79,175 | -€36,093 | -31.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €59,716 | €18,997 | -€40,719 | -68.2% |
| Deferred charges and accrued income | 490/1 | €5,984 | €3,985 | -€1,999 | -33.4% |
| Total equity and liabilities | 10/49 | €243,026 | €303,019 | +€59,994 | +24.7% |
| Equity | 10/15 | €172,218 | €176,950 | +€4,732 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,618 | €158,350 | +€4,732 | +3.1% |
| Distributable reserves | 133 | €153,618 | €158,350 | +€4,732 | +3.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €70,807 | €126,069 | +€55,262 | +78.0% |
| Amounts payable within one year | 42/48 | €70,724 | €126,044 | +€55,320 | +78.2% |
| Trade debts | 44 | €2,032 | €1,790 | -€242 | -11.9% |
| Suppliers | 440/4 | €2,032 | €1,790 | -€242 | -11.9% |
| Taxes, remuneration and social security | 45 | €13,483 | €15,900 | +€2,417 | +17.9% |
| Taxes | 450/3 | €10,696 | €14,200 | +€3,504 | +32.8% |
| Remuneration and social security | 454/9 | €2,787 | €1,700 | -€1,087 | -39.0% |
| Other amounts payable | 47/48 | €55,209 | €108,354 | +€53,145 | +96.3% |
| Accrued charges and deferred income | 492/3 | €83 | €25 | -€58 | -69.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €905 | €0 | -€905 | -100.0% |
| Other operating charges | 640/8 | €642 | €612 | -€30 | -4.7% |
| Gross operating margin | 9900 | €64,307 | €69,081 | +€4,774 | +7.4% |
| Operating profit (loss) | 9901 | €62,760 | €68,469 | +€5,709 | +9.1% |
| Financial income | 75/76B | €679 | €495 | -€184 | -27.2% |
| Recurring financial income | 75 | €679 | €495 | -€184 | -27.2% |
| Financial charges | 65/66B | €3,913 | €3,857 | -€56 | -1.4% |
| Recurring financial charges | 65 | €3,913 | €3,857 | -€56 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €59,526 | €65,107 | +€5,581 | +9.4% |
| Income taxes | 67/77 | €13,065 | €13,915 | +€849 | +6.5% |
| Profit (loss) for the period | 9904 | €46,460 | €51,192 | +€4,732 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,460 | €51,192 | +€4,732 | +10.2% |
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 3 October 2026 via checked.be.