Pie.Pel: 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.Pel
Largest movements
- Tangible fixed assets -€18,589
down €18,589 (-98.7%), from €18,834 to €245
- Receivables within one year +€4,782
up €4,782 (+963%), from €497 to €5,278
of which Trade receivables: +€5,278
- Other debts -€21,477
down €21,477 (-77.4%), from €27,736 to €6,258
- Profit (loss) carried forward +€7,826
up €7,826 (+62.3%), from -€12,561 to -€4,735
- Gross operating margin +€12,515
up €12,515, from -€4,339 to €8,176
- Depreciation -€7,798
down €7,798 (-96.8%), from €8,054 to €256
- Taxes -€160
no longer reported in 2025 (was €160)
- Financial charges +€88
up €88 (+1,258%), from €7 to €95
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 | €19,335 | €5,523 | -€13,812 | -71.4% |
| Fixed assets | 21/28 | €18,834 | €245 | -€18,589 | -98.7% |
| Tangible fixed assets | 22/27 | €18,834 | €245 | -€18,589 | -98.7% |
| Plant, machinery and equipment | 23 | €5,250 | €245 | -€5,005 | -95.3% |
| Furniture and vehicles | 24 | €8,305 | - | -€8,305 | |
| Other tangible fixed assets | 26 | €5,278 | - | -€5,278 | |
| Current assets | 29/58 | €501 | €5,278 | +€4,777 | +953% |
| Amounts receivable within one year | 40/41 | €497 | €5,278 | +€4,782 | +963% |
| Trade receivables | 40 | - | €5,278 | +€5,278 | |
| Other amounts receivable | 41 | €497 | - | -€497 | |
| Cash at bank and in hand | 54/58 | €5 | - | -€5 | |
| Total equity and liabilities | 10/49 | €19,335 | €5,523 | -€13,812 | -71.4% |
| Equity | 10/15 | -€8,561 | -€735 | +€7,826 | +91.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,561 | -€4,735 | +€7,826 | +62.3% |
| Amounts payable | 17/49 | €27,896 | €6,258 | -€21,637 | -77.6% |
| Amounts payable within one year | 42/48 | €27,896 | €6,258 | -€21,637 | -77.6% |
| Taxes, remuneration and social security | 45 | €160 | - | -€160 | |
| Taxes | 450/3 | €160 | - | -€160 | |
| Other amounts payable | 47/48 | €27,736 | €6,258 | -€21,477 | -77.4% |
| Non-recurring operating income | 76A | - | €7,274 | +€7,274 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,054 | €256 | -€7,798 | -96.8% |
| Gross operating margin | 9900 | -€4,339 | €8,176 | +€12,515 | |
| Operating profit (loss) | 9901 | -€12,394 | €7,920 | +€20,314 | |
| Financial charges | 65/66B | €7 | €95 | +€88 | +1,258% |
| Recurring financial charges | 65 | €7 | €95 | +€88 | +1,258% |
| Profit (loss) for the period before taxes | 9903 | -€12,401 | €7,826 | +€20,226 | |
| Income taxes | 67/77 | €160 | - | -€160 | |
| Profit (loss) for the period | 9904 | -€12,561 | €7,826 | +€20,386 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,561 | €7,826 | +€20,386 |
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 20 October 2026 via checked.be.