PIMAC: 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.
PIMAC
Largest movements
- Cash +€42,417
up €42,417 (+134.7%), from €31,492 to €73,909
mainly Net result for the year (+€143,951) and Other debts (+€30,000)
- Profit (loss) carried forward +€143,951
up €143,951 (+257.6%), from €55,888 to €199,839
- Debts after one year -€132,950
down €132,950 (-7.6%), from €1.8m to €1.6m
- Financial income +€110,000
up €110,000 (+110.0%), from €100,000 to €210,000
- Financial charges +€33,775
up €33,775 (+122.2%), from €27,637 to €61,412
- Gross operating margin +€7,415
up €7,415 (+70.2%), from -€10,566 to -€3,151
- Other operating charges -€1,347
down €1,347 (-47.6%), from €2,833 to €1,486
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 | €3,907,802 | €3,950,219 | +€42,417 | +1.1% |
| Fixed assets | 21/28 | €3,876,310 | €3,876,310 | = | 0.0% |
| Financial fixed assets | 28 | €3,876,310 | €3,876,310 | = | 0.0% |
| Current assets | 29/58 | €31,492 | €73,909 | +€42,417 | +134.7% |
| Cash at bank and in hand | 54/58 | €31,492 | €73,909 | +€42,417 | +134.7% |
| Total equity and liabilities | 10/49 | €3,907,802 | €3,950,219 | +€42,417 | +1.1% |
| Equity | 10/15 | €56,888 | €200,839 | +€143,951 | +253.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,888 | €199,839 | +€143,951 | +257.6% |
| Amounts payable | 17/49 | €3,850,914 | €3,749,380 | -€101,534 | -2.6% |
| Amounts payable after more than one year | 17 | €1,759,654 | €1,626,704 | -€132,950 | -7.6% |
| Financial debts | 170/4 | €1,759,654 | €1,626,704 | -€132,950 | -7.6% |
| Amounts payable within one year | 42/48 | €2,091,260 | €2,122,676 | +€31,416 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €132,950 | €132,950 | = | 0.0% |
| Trade debts | 44 | - | €1,416 | +€1,416 | |
| Suppliers | 440/4 | - | €1,416 | +€1,416 | |
| Other amounts payable | 47/48 | €1,958,310 | €1,988,310 | +€30,000 | +1.5% |
| Other operating charges | 640/8 | €2,833 | €1,486 | -€1,347 | -47.6% |
| Gross operating margin | 9900 | -€10,566 | -€3,151 | +€7,415 | +70.2% |
| Operating profit (loss) | 9901 | -€13,399 | -€4,637 | +€8,763 | +65.4% |
| Financial income | 75/76B | €100,000 | €210,000 | +€110,000 | +110.0% |
| Recurring financial income | 75 | €100,000 | €210,000 | +€110,000 | +110.0% |
| Financial charges | 65/66B | €27,637 | €61,412 | +€33,775 | +122.2% |
| Recurring financial charges | 65 | €27,637 | €61,412 | +€33,775 | +122.2% |
| Profit (loss) for the period before taxes | 9903 | €58,963 | €143,951 | +€84,988 | +144.1% |
| Profit (loss) for the period | 9904 | €58,963 | €143,951 | +€84,988 | +144.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,963 | €143,951 | +€84,988 | +144.1% |
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 11 October 2026 via checked.be.