PigsFly: 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.
PigsFly
Largest movements
- Cash +€14,727
up €14,727 (+78.9%), from €18,655 to €33,381
mainly Other debts (+€8,607) and Deferred charges and accrued income (+€6,686)
- Deferred charges and accrued income -€6,686
down €6,686 (-93.1%), from €7,179 to €493
- Other debts +€8,607
up €8,607 (+13.3%), from €64,801 to €73,407
- Reserves +€5,153
up €5,153 (+7.4%), from €69,954 to €75,107
- Tax, wage and social debts -€5,045
down €5,045 (-14.8%), from €34,048 to €29,003
of which Remuneration and social security: -€10,116
- Gross operating margin -€8,208
down €8,208 (-34.9%), from €23,496 to €15,288
- Taxes -€3,397
down €3,397 (-44.6%), from €7,614 to €4,217
- Staff costs +€1,760
new in 2025: €1,760
- Depreciation +€1,358
up €1,358 (+70.4%), from €1,928 to €3,286
- Other operating charges -€298
down €298 (-28.6%), from €1,045 to €747
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 | €171,637 | €181,898 | +€10,261 | +6.0% |
| Fixed assets | 21/28 | €7,752 | €8,899 | +€1,148 | +14.8% |
| Tangible fixed assets | 22/27 | €7,702 | €8,849 | +€1,148 | +14.9% |
| Plant, machinery and equipment | 23 | €4,137 | €2,367 | -€1,769 | -42.8% |
| Furniture and vehicles | 24 | €3,565 | €6,482 | +€2,917 | +81.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €163,886 | €172,999 | +€9,113 | +5.6% |
| Amounts receivable within one year | 40/41 | €138,052 | €139,125 | +€1,072 | +0.8% |
| Trade receivables | 40 | €71,451 | €74,125 | +€2,674 | +3.7% |
| Other amounts receivable | 41 | €66,602 | €65,000 | -€1,602 | -2.4% |
| Cash at bank and in hand | 54/58 | €18,655 | €33,381 | +€14,727 | +78.9% |
| Deferred charges and accrued income | 490/1 | €7,179 | €493 | -€6,686 | -93.1% |
| Total equity and liabilities | 10/49 | €171,637 | €181,898 | +€10,261 | +6.0% |
| Equity | 10/15 | €72,380 | €77,533 | +€5,153 | +7.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €69,954 | €75,107 | +€5,153 | +7.4% |
| Distributable reserves | 133 | €69,954 | €75,107 | +€5,153 | +7.4% |
| Profit (loss) carried forward | 14 | -€9,974 | -€9,974 | = | 0.0% |
| Amounts payable | 17/49 | €99,257 | €104,365 | +€5,108 | +5.1% |
| Amounts payable within one year | 42/48 | €99,257 | €104,365 | +€5,108 | +5.1% |
| Trade debts | 44 | €408 | €1,955 | +€1,547 | +378.8% |
| Suppliers | 440/4 | €408 | €1,955 | +€1,547 | +378.8% |
| Taxes, remuneration and social security | 45 | €34,048 | €29,003 | -€5,045 | -14.8% |
| Taxes | 450/3 | €1,739 | €6,810 | +€5,071 | +291.6% |
| Remuneration and social security | 454/9 | €32,309 | €22,193 | -€10,116 | -31.3% |
| Other amounts payable | 47/48 | €64,801 | €73,407 | +€8,607 | +13.3% |
| Non-recurring operating income | 76A | €9,698 | €45 | -€9,652 | -99.5% |
| Remuneration, social security and pensions | 62 | - | €1,760 | +€1,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,928 | €3,286 | +€1,358 | +70.4% |
| Other operating charges | 640/8 | €1,045 | €747 | -€298 | -28.6% |
| Gross operating margin | 9900 | €23,496 | €15,288 | -€8,208 | -34.9% |
| Operating profit (loss) | 9901 | €20,523 | €9,495 | -€11,028 | -53.7% |
| Financial charges | 65/66B | €123 | €125 | +€2 | +1.7% |
| Recurring financial charges | 65 | €123 | €125 | +€2 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €20,400 | €9,370 | -€11,030 | -54.1% |
| Income taxes | 67/77 | €7,614 | €4,217 | -€3,397 | -44.6% |
| Profit (loss) for the period | 9904 | €12,786 | €5,153 | -€7,633 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,786 | €5,153 | -€7,633 | -59.7% |
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 30 September 2026 via checked.be.