PIM²: 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.
PIM²
Largest movements
- Tangible fixed assets -€14,586
down €14,586 (-31.4%), from €46,402 to €31,816
of which Furniture and vehicles: -€19,327
- Cash +€3,275
up €3,275 (+38.3%), from €8,543 to €11,819
mainly Depreciation (+€20,330) and Net result for the year (+€4,154)
- Receivables within one year -€835
down €835 (-87.0%), from €960 to €125
- Other debts -€16,839
down €16,839 (-19.1%), from €88,108 to €71,269
- Profit (loss) carried forward +€4,154
up €4,154 (+8.4%), from -€49,639 to -€45,484
- Gross operating margin +€11,150
up €11,150 (+78.6%), from €14,180 to €25,330
- Depreciation +€416
up €416 (+2.1%), from €19,914 to €20,330
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 | €56,693 | €44,835 | -€11,858 | -20.9% |
| Fixed assets | 21/28 | €46,402 | €31,816 | -€14,586 | -31.4% |
| Tangible fixed assets | 22/27 | €46,402 | €31,816 | -€14,586 | -31.4% |
| Plant, machinery and equipment | 23 | €202 | €4,943 | +€4,741 | +2,352% |
| Furniture and vehicles | 24 | €46,201 | €26,873 | -€19,327 | -41.8% |
| Current assets | 29/58 | €10,291 | €13,019 | +€2,728 | +26.5% |
| Amounts receivable within one year | 40/41 | €960 | €125 | -€835 | -87.0% |
| Trade receivables | 40 | €960 | €125 | -€835 | -87.0% |
| Cash at bank and in hand | 54/58 | €8,543 | €11,819 | +€3,275 | +38.3% |
| Deferred charges and accrued income | 490/1 | €788 | €1,075 | +€287 | +36.5% |
| Total equity and liabilities | 10/49 | €56,693 | €44,835 | -€11,858 | -20.9% |
| Equity | 10/15 | -€32,639 | -€28,484 | +€4,154 | +12.7% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,639 | -€45,484 | +€4,154 | +8.4% |
| Amounts payable | 17/49 | €89,332 | €73,320 | -€16,013 | -17.9% |
| Amounts payable within one year | 42/48 | €89,332 | €73,320 | -€16,013 | -17.9% |
| Trade debts | 44 | €1,224 | €1,688 | +€464 | +37.9% |
| Suppliers | 440/4 | €1,224 | €1,688 | +€464 | +37.9% |
| Taxes, remuneration and social security | 45 | - | €362 | +€362 | |
| Taxes | 450/3 | - | €362 | +€362 | |
| Other amounts payable | 47/48 | €88,108 | €71,269 | -€16,839 | -19.1% |
| Remuneration, social security and pensions | 62 | €210 | - | -€210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,914 | €20,330 | +€416 | +2.1% |
| Other operating charges | 640/8 | €632 | €631 | -€0 | -0.1% |
| Gross operating margin | 9900 | €14,180 | €25,330 | +€11,150 | +78.6% |
| Operating profit (loss) | 9901 | -€6,576 | €4,369 | +€10,945 | |
| Financial charges | 65/66B | €403 | €214 | -€189 | -46.8% |
| Recurring financial charges | 65 | €403 | €214 | -€189 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,979 | €4,154 | +€11,133 | |
| Profit (loss) for the period | 9904 | -€6,979 | €4,154 | +€11,133 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,979 | €4,154 | +€11,133 |
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 18 October 2026 via checked.be.