PIM-CONSULT: 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.
PIM-CONSULT
Largest movements
- Intangible fixed assets +€126,134
up €126,134 (+120.8%), from €104,389 to €230,523
- Cash -€89,767
down €89,767 (-96.4%), from €93,167 to €3,400
mainly Investment in fixed assets (net) (-€162,730) and Receivables within one year (-€68,545)
- Receivables within one year +€68,545
up €68,545 (+56.4%), from €121,619 to €190,165
of which Trade receivables: +€67,767
- Deferred charges and accrued income -€13,786
down €13,786 (-44.2%), from €31,173 to €17,387
- Stocks and contracts -€8,443
down €8,443 (-5.5%), from €154,886 to €146,443
- Short-term financial debts +€74,580
up €74,580 (+67.9%), from €109,849 to €184,429
- Tax, wage and social debts +€56,792
up €56,792 (+216.2%), from €26,267 to €83,059
of which Taxes: +€42,996
- Debts after one year -€51,208
down €51,208 (-20.9%), from €245,462 to €194,254
- Other debts -€24,973
down €24,973 (-25.3%), from €98,607 to €73,634
- Trade debts +€12,664
up €12,664 (+77.6%), from €16,328 to €28,992
- Staff costs +€46,907
up €46,907 (+125.9%), from €37,269 to €84,176
- Gross operating margin +€37,023
up €37,023 (+29.9%), from €123,758 to €160,782
- Depreciation +€16,318
up €16,318 (+90.3%), from €18,066 to €34,384
- Financial charges -€2,520
down €2,520 (-7.8%), from €32,492 to €29,972
- Taxes -€1,911
down €1,911 (-82.5%), from €2,316 to €405
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 | €535,833 | €620,802 | +€84,969 | +15.9% |
| Formation expenses | 20 | €613 | €115 | -€498 | -81.2% |
| Fixed assets | 21/28 | €134,375 | €263,218 | +€128,843 | +95.9% |
| Intangible fixed assets | 21 | €104,389 | €230,523 | +€126,134 | +120.8% |
| Tangible fixed assets | 22/27 | €25,841 | €25,413 | -€427 | -1.7% |
| Plant, machinery and equipment | 23 | €2,578 | €2,176 | -€402 | -15.6% |
| Furniture and vehicles | 24 | €23,263 | €23,237 | -€25 | -0.1% |
| Financial fixed assets | 28 | €4,145 | €7,282 | +€3,137 | +75.7% |
| Current assets | 29/58 | €400,845 | €357,468 | -€43,377 | -10.8% |
| Amounts receivable after more than one year | 29 | - | €74 | +€74 | |
| Other amounts receivable | 291 | - | €74 | +€74 | |
| Stocks and contracts in progress | 3 | €154,886 | €146,443 | -€8,443 | -5.5% |
| Stocks | 30/36 | €154,886 | €146,443 | -€8,443 | -5.5% |
| Amounts receivable within one year | 40/41 | €121,619 | €190,165 | +€68,545 | +56.4% |
| Trade receivables | 40 | €121,597 | €189,364 | +€67,767 | +55.7% |
| Other amounts receivable | 41 | €22 | €801 | +€778 | +3498.8% |
| Cash at bank and in hand | 54/58 | €93,167 | €3,400 | -€89,767 | -96.4% |
| Deferred charges and accrued income | 490/1 | €31,173 | €17,387 | -€13,786 | -44.2% |
| Total equity and liabilities | 10/49 | €535,833 | €620,802 | +€84,969 | +15.9% |
| Equity | 10/15 | €12,584 | €21,850 | +€9,266 | +73.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,084 | €19,350 | +€9,266 | +91.9% |
| Amounts payable | 17/49 | €523,249 | €598,952 | +€75,703 | +14.5% |
| Amounts payable after more than one year | 17 | €245,462 | €194,254 | -€51,208 | -20.9% |
| Financial debts | 170/4 | €245,462 | €194,254 | -€51,208 | -20.9% |
| Amounts payable within one year | 42/48 | €277,787 | €404,698 | +€126,911 | +45.7% |
| Current portion of amounts payable after more than one year | 42 | €26,735 | €34,583 | +€7,849 | +29.4% |
| Financial debts | 43 | €109,849 | €184,429 | +€74,580 | +67.9% |
| Credit institutions | 430/8 | €109,849 | €184,429 | +€74,580 | +67.9% |
| Trade debts | 44 | €16,328 | €28,992 | +€12,664 | +77.6% |
| Suppliers | 440/4 | €16,328 | €28,992 | +€12,664 | +77.6% |
| Taxes, remuneration and social security | 45 | €26,267 | €83,059 | +€56,792 | +216.2% |
| Taxes | 450/3 | €21,127 | €64,124 | +€42,996 | +203.5% |
| Remuneration and social security | 454/9 | €5,140 | €18,936 | +€13,796 | +268.4% |
| Other amounts payable | 47/48 | €98,607 | €73,634 | -€24,973 | -25.3% |
| Remuneration, social security and pensions | 62 | €37,269 | €84,176 | +€46,907 | +125.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,066 | €34,384 | +€16,318 | +90.3% |
| Other operating charges | 640/8 | €1,003 | €2,690 | +€1,687 | +168.2% |
| Gross operating margin | 9900 | €123,758 | €160,782 | +€37,023 | +29.9% |
| Operating profit (loss) | 9901 | €67,420 | €39,531 | -€27,888 | -41.4% |
| Financial income | 75/76B | - | €111 | +€111 | |
| Recurring financial income | 75 | - | €111 | +€111 | |
| Financial charges | 65/66B | €32,492 | €29,972 | -€2,520 | -7.8% |
| Recurring financial charges | 65 | €32,492 | €29,972 | -€2,520 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €34,928 | €9,671 | -€25,257 | -72.3% |
| Income taxes | 67/77 | €2,316 | €405 | -€1,911 | -82.5% |
| Profit (loss) for the period | 9904 | €32,612 | €9,266 | -€23,346 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,612 | €9,266 | -€23,346 | -71.6% |
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 10 October 2026 via checked.be.