PIMALINE: 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.
PIMALINE
Largest movements
- Tangible fixed assets +€140,388
up €140,388 (+48.9%), from €286,973 to €427,361
of which Land and buildings: +€141,271
- Cash -€55,435
down €55,435 (-47.6%), from €116,574 to €61,139
mainly Investment in fixed assets (net) (-€150,000) and Other debts (-€23,984)
- Receivables within one year -€21,981
down €21,981 (-49.5%), from €44,448 to €22,467
of which Trade receivables: -€33,122
- Debts after one year +€80,988
up €80,988 (+38.3%), from €211,471 to €292,459
- Other debts -€23,984
down €23,984 (-53.1%), from €45,133 to €21,149
- Gross operating margin -€40,223
down €40,223 (-36.7%), from €109,685 to €69,462
- Other operating charges +€19,688
up €19,688 (+901%), from €2,185 to €21,873
- Taxes -€11,760
down €11,760 (-93.2%), from €12,619 to €859
- Provisions +€2,187
up €2,187, from -€1,174 to €1,013
- Financial charges -€1,690
down €1,690 (-4.2%), from €39,958 to €38,268
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 | €451,568 | €513,177 | +€61,609 | +13.6% |
| Fixed assets | 21/28 | €286,973 | €427,361 | +€140,388 | +48.9% |
| Tangible fixed assets | 22/27 | €286,973 | €427,361 | +€140,388 | +48.9% |
| Land and buildings | 22 | €282,314 | €423,585 | +€141,271 | +50.0% |
| Plant, machinery and equipment | 23 | €4,433 | €3,776 | -€657 | -14.8% |
| Furniture and vehicles | 24 | €226 | - | -€226 | |
| Current assets | 29/58 | €164,595 | €85,817 | -€78,779 | -47.9% |
| Amounts receivable within one year | 40/41 | €44,448 | €22,467 | -€21,981 | -49.5% |
| Trade receivables | 40 | €44,448 | €11,326 | -€33,122 | -74.5% |
| Other amounts receivable | 41 | - | €11,141 | +€11,141 | |
| Cash at bank and in hand | 54/58 | €116,574 | €61,139 | -€55,435 | -47.6% |
| Deferred charges and accrued income | 490/1 | €3,573 | €2,211 | -€1,363 | -38.1% |
| Total equity and liabilities | 10/49 | €451,568 | €513,177 | +€61,609 | +13.6% |
| Equity | 10/15 | €150,862 | €147,874 | -€2,988 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,262 | €129,274 | -€2,988 | -2.3% |
| Provisions and deferred taxes | 16 | €28,826 | €29,838 | +€1,013 | +3.5% |
| Provisions for liabilities and charges | 160/5 | €28,826 | €29,838 | +€1,013 | +3.5% |
| Other liabilities and charges | 164/5 | €28,826 | €29,838 | +€1,013 | +3.5% |
| Amounts payable | 17/49 | €271,880 | €335,465 | +€63,585 | +23.4% |
| Amounts payable after more than one year | 17 | €211,471 | €292,459 | +€80,988 | +38.3% |
| Financial debts | 170/4 | €211,471 | €292,459 | +€80,988 | +38.3% |
| Amounts payable within one year | 42/48 | €60,409 | €42,554 | -€17,855 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €12,706 | €17,297 | +€4,591 | +36.1% |
| Financial debts | 43 | €150 | - | -€150 | |
| Credit institutions | 430/8 | €150 | - | -€150 | |
| Trade debts | 44 | €211 | €776 | +€565 | +267% |
| Suppliers | 440/4 | €211 | €776 | +€565 | +267% |
| Taxes, remuneration and social security | 45 | €2,209 | €3,333 | +€1,124 | +50.9% |
| Taxes | 450/3 | €2,209 | €3,333 | +€1,124 | +50.9% |
| Other amounts payable | 47/48 | €45,133 | €21,149 | -€23,984 | -53.1% |
| Accrued charges and deferred income | 492/3 | - | €452 | +€452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,816 | €9,612 | -€204 | -2.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,174 | €1,013 | +€2,187 | |
| Other operating charges | 640/8 | €2,185 | €21,873 | +€19,688 | +901% |
| Gross operating margin | 9900 | €109,685 | €69,462 | -€40,223 | -36.7% |
| Operating profit (loss) | 9901 | €98,859 | €36,964 | -€61,894 | -62.6% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €39,958 | €38,268 | -€1,690 | -4.2% |
| Recurring financial charges | 65 | €39,958 | €38,268 | -€1,690 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €58,900 | -€1,296 | -€60,197 | |
| Income taxes | 67/77 | €12,619 | €859 | -€11,760 | -93.2% |
| Profit (loss) for the period | 9904 | €46,282 | -€2,155 | -€48,437 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,282 | -€2,155 | -€48,437 |
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 23 October 2026 via checked.be.