PIM: 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.
PIM
Largest movements
- Receivables within one year +€61,083
up €61,083 (+1368.9%), from €4,462 to €65,545
of which Other amounts receivable: +€64,898
- Tangible fixed assets +€4,628
up €4,628 (+122.0%), from €3,794 to €8,422
of which Land and buildings: +€7,681
- Cash -€2,792
down €2,792 (-31.0%), from €9,007 to €6,215
mainly Receivables within one year (-€61,083) and Investment in fixed assets (net) (-€7,800)
- Profit (loss) carried forward +€51,410
up €51,410, from -€39,882 to €11,527
- Trade debts +€7,183
up €7,183 (+363.3%), from €1,977 to €9,159
- Other debts +€3,031
up €3,031 (+189.4%), from €1,600 to €4,631
- Short-term financial debts +€1,799
up €1,799 (+30.8%), from €5,840 to €7,638
of which Credit institutions: +€5,138
- Tax, wage and social debts +€1,532
up €1,532 (+23.0%), from €6,669 to €8,201
of which Taxes: +€897
- Gross operating margin +€28,812
up €28,812 (+101.0%), from €28,537 to €57,349
- Taxes +€2,217
up €2,217 (+782.1%), from €283 to €2,500
- Financial income +€1,754
up €1,754 (+23012.3%), from €8 to €1,761
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 | €19,844 | €82,069 | +€62,225 | +313.6% |
| Fixed assets | 21/28 | €4,194 | €8,822 | +€4,628 | +110.3% |
| Tangible fixed assets | 22/27 | €3,794 | €8,422 | +€4,628 | +122.0% |
| Land and buildings | 22 | - | €7,681 | +€7,681 | |
| Plant, machinery and equipment | 23 | €1,049 | €741 | -€308 | -29.4% |
| Other tangible fixed assets | 26 | €2,745 | €0 | -€2,745 | -100.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €15,649 | €73,247 | +€57,597 | +368.0% |
| Stocks and contracts in progress | 3 | €500 | €502 | +€2 | +0.4% |
| Stocks | 30/36 | €500 | €502 | +€2 | +0.4% |
| Amounts receivable within one year | 40/41 | €4,462 | €65,545 | +€61,083 | +1368.9% |
| Trade receivables | 40 | €4,057 | €241 | -€3,816 | -94.0% |
| Other amounts receivable | 41 | €405 | €65,303 | +€64,898 | +16021.1% |
| Cash at bank and in hand | 54/58 | €9,007 | €6,215 | -€2,792 | -31.0% |
| Deferred charges and accrued income | 490/1 | €1,680 | €985 | -€695 | -41.4% |
| Total equity and liabilities | 10/49 | €19,844 | €82,069 | +€62,225 | +313.6% |
| Equity | 10/15 | -€21,282 | €30,127 | +€51,410 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,882 | €11,527 | +€51,410 | |
| Amounts payable | 17/49 | €41,126 | €51,941 | +€10,815 | +26.3% |
| Amounts payable after more than one year | 17 | €20,870 | €20,000 | -€870 | -4.2% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Other amounts payable | 178/9 | €870 | €0 | -€870 | -100.0% |
| Amounts payable within one year | 42/48 | €16,630 | €29,630 | +€13,000 | +78.2% |
| Financial debts | 43 | €5,840 | €7,638 | +€1,799 | +30.8% |
| Credit institutions | 430/8 | €0 | €5,138 | +€5,138 | |
| Other loans | 439 | €5,840 | €2,500 | -€3,340 | -57.2% |
| Trade debts | 44 | €1,977 | €9,159 | +€7,183 | +363.3% |
| Suppliers | 440/4 | €1,977 | €9,159 | +€7,183 | +363.3% |
| Advances received on contracts in progress | 46 | €545 | €0 | -€545 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,669 | €8,201 | +€1,532 | +23.0% |
| Taxes | 450/3 | €6,669 | €7,567 | +€897 | +13.5% |
| Remuneration and social security | 454/9 | - | €635 | +€635 | |
| Other amounts payable | 47/48 | €1,600 | €4,631 | +€3,031 | +189.4% |
| Accrued charges and deferred income | 492/3 | €3,626 | €2,311 | -€1,315 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,983 | €3,172 | +€189 | +6.4% |
| Other operating charges | 640/8 | €806 | €1,080 | +€274 | +34.1% |
| Gross operating margin | 9900 | €28,537 | €57,349 | +€28,812 | +101.0% |
| Operating profit (loss) | 9901 | €24,749 | €53,097 | +€28,348 | +114.5% |
| Financial income | 75/76B | €8 | €1,761 | +€1,754 | +23012.3% |
| Recurring financial income | 75 | €8 | €1,761 | +€1,754 | +23012.3% |
| Financial charges | 65/66B | €978 | €948 | -€30 | -3.1% |
| Recurring financial charges | 65 | €978 | €948 | -€30 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €23,778 | €53,910 | +€30,132 | +126.7% |
| Income taxes | 67/77 | €283 | €2,500 | +€2,217 | +782.1% |
| Profit (loss) for the period | 9904 | €23,494 | €51,410 | +€27,915 | +118.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,494 | €51,410 | +€27,915 | +118.8% |
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 6 October 2026 via checked.be.