PIJPOPS CONSULTING: 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.
PIJPOPS CONSULTING
Largest movements
- Cash +€263,204
up €263,204 (+9.7%), from €2.7m to €3.0m
- Reserves +€200,438
up €200,438 (+29.4%), from €680,948 to €881,387
of which Distributable reserves: +€200,438
- Other debts +€49,183
up €49,183 (+18.7%), from €262,822 to €312,006
- Financial charges +€16,976
up €16,976 (+1,500%), from €1,131 to €18,107
- Taxes -€3,817
down €3,817 (-7.7%), from €49,855 to €46,038
- Gross operating margin +€2,940
up €2,940 (+1.9%), from €152,243 to €155,182
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,727,768 | €3,005,399 | +€277,631 | +10.2% |
| Fixed assets | 21/28 | - | €10,313 | +€10,313 | |
| Tangible fixed assets | 22/27 | - | €10,313 | +€10,313 | |
| Furniture and vehicles | 24 | - | €10,313 | +€10,313 | |
| Current assets | 29/58 | €2,727,768 | €2,995,086 | +€267,319 | +9.8% |
| Amounts receivable within one year | 40/41 | €22,869 | €27,735 | +€4,865 | +21.3% |
| Trade receivables | 40 | €22,867 | €27,641 | +€4,774 | +20.9% |
| Other amounts receivable | 41 | €2 | €94 | +€92 | +4,701% |
| Cash at bank and in hand | 54/58 | €2,704,147 | €2,967,352 | +€263,204 | +9.7% |
| Deferred charges and accrued income | 490/1 | €751 | - | -€751 | |
| Total equity and liabilities | 10/49 | €2,727,768 | €3,005,399 | +€277,631 | +10.2% |
| Equity | 10/15 | €2,368,778 | €2,569,217 | +€200,438 | +8.5% |
| Contributions | 10/11 | €1,687,830 | €1,687,830 | = | 0.0% |
| Reserves | 13 | €680,948 | €881,387 | +€200,438 | +29.4% |
| Non-distributable reserves | 130/1 | €168,783 | €168,783 | = | 0.0% |
| Reserves not available under the articles | 1311 | €168,783 | €168,783 | = | 0.0% |
| Distributable reserves | 133 | €512,165 | €712,604 | +€200,438 | +39.1% |
| Amounts payable | 17/49 | €358,989 | €436,182 | +€77,193 | +21.5% |
| Amounts payable within one year | 42/48 | €357,919 | €436,182 | +€78,263 | +21.9% |
| Trade debts | 44 | €203 | €11,479 | +€11,276 | +5,550% |
| Suppliers | 440/4 | €203 | €11,479 | +€11,276 | +5,550% |
| Taxes, remuneration and social security | 45 | €94,894 | €112,697 | +€17,803 | +18.8% |
| Taxes | 450/3 | €94,894 | €112,697 | +€17,803 | +18.8% |
| Other amounts payable | 47/48 | €262,822 | €312,006 | +€49,183 | +18.7% |
| Accrued charges and deferred income | 492/3 | €1,070 | - | -€1,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €57 | +€57 | |
| Other operating charges | 640/8 | €1,222 | €270 | -€952 | -77.9% |
| Gross operating margin | 9900 | €152,243 | €155,182 | +€2,940 | +1.9% |
| Operating profit (loss) | 9901 | €151,021 | €154,856 | +€3,835 | +2.5% |
| Financial charges | 65/66B | €1,131 | €18,107 | +€16,976 | +1,500% |
| Recurring financial charges | 65 | €1,131 | €18,107 | +€16,976 | +1,500% |
| Profit (loss) for the period before taxes | 9903 | €149,890 | €136,748 | -€13,141 | -8.8% |
| Income taxes | 67/77 | €49,855 | €46,038 | -€3,817 | -7.7% |
| Profit (loss) for the period | 9904 | €100,034 | €90,710 | -€9,324 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €100,034 | €90,710 | -€9,324 | -9.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.