PIK: 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.
PIK
Largest movements
- Receivables within one year +€1,993
up €1,993 (+243%), from €819 to €2,812
of which Trade receivables: +€2,000
- Stocks and contracts -€324
down €324 (-2.8%), from €11,555 to €11,231
- Cash -€273
down €273 (-49.7%), from €549 to €276
mainly Net result for the year (-€7,429) and Receivables within one year (-€1,993)
- Other debts +€9,310
up €9,310 (+148%), from €6,294 to €15,604
- Profit (loss) carried forward -€7,429
down €7,429 (-949%), from -€783 to -€8,211
- Trade debts -€485
down €485 (-14.2%), from €3,412 to €2,927
- Gross operating margin -€6,158
down €6,158 (-2,315%), from -€266 to -€6,424
- Financial charges +€356
up €356 (+275%), from €129 to €485
- Other operating charges +€132
up €132 (+34.2%), from €387 to €520
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 | €12,923 | €14,319 | +€1,396 | +10.8% |
| Current assets | 29/58 | €12,923 | €14,319 | +€1,396 | +10.8% |
| Stocks and contracts in progress | 3 | €11,555 | €11,231 | -€324 | -2.8% |
| Stocks | 30/36 | €11,555 | €11,231 | -€324 | -2.8% |
| Amounts receivable within one year | 40/41 | €819 | €2,812 | +€1,993 | +243% |
| Trade receivables | 40 | €296 | €2,296 | +€2,000 | +675% |
| Other amounts receivable | 41 | €523 | €516 | -€7 | -1.4% |
| Cash at bank and in hand | 54/58 | €549 | €276 | -€273 | -49.7% |
| Total equity and liabilities | 10/49 | €12,923 | €14,319 | +€1,396 | +10.8% |
| Equity | 10/15 | €3,217 | -€4,211 | -€7,429 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€783 | -€8,211 | -€7,429 | -949% |
| Amounts payable | 17/49 | €9,706 | €18,531 | +€8,825 | +90.9% |
| Amounts payable within one year | 42/48 | €9,706 | €18,531 | +€8,825 | +90.9% |
| Trade debts | 44 | €3,412 | €2,927 | -€485 | -14.2% |
| Suppliers | 440/4 | €3,412 | €2,927 | -€485 | -14.2% |
| Other amounts payable | 47/48 | €6,294 | €15,604 | +€9,310 | +148% |
| Other operating charges | 640/8 | €387 | €520 | +€132 | +34.2% |
| Gross operating margin | 9900 | -€266 | -€6,424 | -€6,158 | -2,315% |
| Operating profit (loss) | 9901 | -€653 | -€6,944 | -€6,291 | -963% |
| Financial charges | 65/66B | €129 | €485 | +€356 | +275% |
| Recurring financial charges | 65 | €129 | €485 | +€356 | +275% |
| Profit (loss) for the period before taxes | 9903 | -€783 | -€7,429 | -€6,646 | -849% |
| Profit (loss) for the period | 9904 | -€783 | -€7,429 | -€6,646 | -849% |
| Profit (loss) for the period to be appropriated | 9905 | -€783 | -€7,429 | -€6,646 | -849% |
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 19 October 2026 via checked.be.