PIMAKIGE: what changed
PIMAKIGE
Largest movements
- Receivables within one year +€19,595
up €19,595 (+123%), from €15,992 to €35,587
- Cash -€13,960
down €13,960 (-69.1%), from €20,191 to €6,232
mainly Receivables within one year (-€19,595) and Investment in fixed assets (net) (-€17,891)
- Tangible fixed assets +€6,613
up €6,613 (+4.7%), from €139,916 to €146,529
of which Plant, machinery and equipment: +€5,930
- Profit (loss) carried forward -€10,239
down €10,239 (-16.9%), from -€60,652 to -€70,891
- Trade debts +€8,879
up €8,879 (+659%), from €1,347 to €10,225
- Other debts +€7,523
up €7,523 (+129%), from €5,822 to €13,345
- Tax, wage and social debts +€5,886
up €5,886 (+51.8%), from €11,352 to €17,238
of which Remuneration and social security: +€5,861
- Gross operating margin -€5,276
down €5,276 (-49.2%), from €10,732 to €5,455
- Other operating charges -€2,427
down €2,427 (-36.8%), from €6,604 to €4,177
- Depreciation -€1,367
down €1,367 (-10.8%), from €12,645 to €11,278
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,788 | €188,711 | +€11,924 | +6.7% |
| Fixed assets | 21/28 | €139,916 | €146,529 | +€6,613 | +4.7% |
| Tangible fixed assets | 22/27 | €139,916 | €146,529 | +€6,613 | +4.7% |
| Land and buildings | 22 | €83,044 | €83,044 | = | 0.0% |
| Plant, machinery and equipment | 23 | €55,235 | €61,165 | +€5,930 | +10.7% |
| Furniture and vehicles | 24 | €1,637 | €2,320 | +€683 | +41.7% |
| Current assets | 29/58 | €36,871 | €42,182 | +€5,311 | +14.4% |
| Amounts receivable within one year | 40/41 | €15,992 | €35,587 | +€19,595 | +123% |
| Trade receivables | 40 | €15,992 | €35,587 | +€19,595 | +123% |
| Cash at bank and in hand | 54/58 | €20,191 | €6,232 | -€13,960 | -69.1% |
| Deferred charges and accrued income | 490/1 | €688 | €364 | -€325 | -47.2% |
| Total equity and liabilities | 10/49 | €176,788 | €188,711 | +€11,924 | +6.7% |
| Equity | 10/15 | €158,142 | €147,903 | -€10,239 | -6.5% |
| Contributions | 10/11 | €201,588 | €201,588 | = | 0.0% |
| Capital | 10 | €201,588 | €201,588 | = | 0.0% |
| Issued capital | 100 | €201,588 | €201,588 | = | 0.0% |
| Reserves | 13 | €17,206 | €17,206 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,055 | €1,055 | = | 0.0% |
| Legal reserve | 130 | €1,055 | €1,055 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,151 | €16,151 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,652 | -€70,891 | -€10,239 | -16.9% |
| Amounts payable | 17/49 | €18,646 | €40,809 | +€22,163 | +119% |
| Amounts payable within one year | 42/48 | €18,521 | €40,809 | +€22,288 | +120% |
| Trade debts | 44 | €1,347 | €10,225 | +€8,879 | +659% |
| Suppliers | 440/4 | €1,347 | €10,225 | +€8,879 | +659% |
| Taxes, remuneration and social security | 45 | €11,352 | €17,238 | +€5,886 | +51.8% |
| Taxes | 450/3 | €9,663 | €9,688 | +€25 | +0.3% |
| Remuneration and social security | 454/9 | €1,689 | €7,550 | +€5,861 | +347% |
| Other amounts payable | 47/48 | €5,822 | €13,345 | +€7,523 | +129% |
| Accrued charges and deferred income | 492/3 | €125 | €0 | -€125 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,645 | €11,278 | -€1,367 | -10.8% |
| Other operating charges | 640/8 | €6,604 | €4,177 | -€2,427 | -36.8% |
| Gross operating margin | 9900 | €10,732 | €5,455 | -€5,276 | -49.2% |
| Operating profit (loss) | 9901 | -€8,517 | -€9,999 | -€1,482 | -17.4% |
| Financial charges | 65/66B | €46 | €99 | +€53 | +114% |
| Recurring financial charges | 65 | €46 | €99 | +€53 | +114% |
| Profit (loss) for the period before taxes | 9903 | -€8,564 | -€10,098 | -€1,534 | -17.9% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€8,703 | -€10,239 | -€1,536 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,703 | -€10,239 | -€1,536 | -17.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.