PIMECO: what changed
Two fiscal 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.
PIMECO
Largest movements
- Cash +€36,043
up €36,043 (+36.0%), from €99,983 to €136,027
mainly Net result for the year (+€30,720) and Depreciation (+€5,760)
- Receivables within one year +€1,918
up €1,918 (+26.8%), from €7,169 to €9,087
of which Trade receivables: +€1,918
- Tangible fixed assets +€1,679
up €1,679 (+21.8%), from €7,686 to €9,365
of which Furniture and vehicles: +€1,683
- Reserves +€30,720
up €30,720 (+37.5%), from €81,960 to €112,680
- Other debts +€4,305
up €4,305 (+37.7%), from €11,404 to €15,708
- Tax, wage and social debts +€3,463
up €3,463 (+90.6%), from €3,822 to €7,285
- Gross operating margin +€8,238
up €8,238 (+17.7%), from €46,435 to €54,673
- Taxes +€4,073
up €4,073 (+34.2%), from €11,899 to €15,973
- Depreciation +€1,345
up €1,345 (+30.5%), from €4,415 to €5,760
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 | €116,655 | €155,317 | +€38,662 | +33.1% |
| Fixed assets | 21/28 | €7,702 | €9,370 | +€1,669 | +21.7% |
| Intangible fixed assets | 21 | €15 | €5 | -€10 | -66.0% |
| Tangible fixed assets | 22/27 | €7,686 | €9,365 | +€1,679 | +21.8% |
| Plant, machinery and equipment | 23 | - | €845 | +€845 | |
| Furniture and vehicles | 24 | €6,837 | €8,520 | +€1,683 | +24.6% |
| Assets under construction and advance payments | 27 | €849 | - | -€849 | |
| Current assets | 29/58 | €108,953 | €145,947 | +€36,993 | +34.0% |
| Amounts receivable within one year | 40/41 | €7,169 | €9,087 | +€1,918 | +26.8% |
| Trade receivables | 40 | €6,069 | €7,987 | +€1,918 | +31.6% |
| Other amounts receivable | 41 | €1,101 | €1,101 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €99,983 | €136,027 | +€36,043 | +36.0% |
| Deferred charges and accrued income | 490/1 | €1,800 | €833 | -€968 | -53.7% |
| Total equity and liabilities | 10/49 | €116,655 | €155,317 | +€38,662 | +33.1% |
| Equity | 10/15 | €101,430 | €132,150 | +€30,720 | +30.3% |
| Contributions | 10/11 | €19,470 | €19,470 | = | 0.0% |
| Reserves | 13 | €81,960 | €112,680 | +€30,720 | +37.5% |
| Distributable reserves | 133 | €81,960 | €112,680 | +€30,720 | +37.5% |
| Amounts payable | 17/49 | €15,225 | €23,167 | +€7,942 | +52.2% |
| Amounts payable within one year | 42/48 | €15,225 | €23,167 | +€7,942 | +52.2% |
| Trade debts | 44 | - | €174 | +€174 | |
| Suppliers | 440/4 | - | €174 | +€174 | |
| Taxes, remuneration and social security | 45 | €3,822 | €7,285 | +€3,463 | +90.6% |
| Taxes | 450/3 | €3,822 | €7,285 | +€3,463 | +90.6% |
| Other amounts payable | 47/48 | €11,404 | €15,708 | +€4,305 | +37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,415 | €5,760 | +€1,345 | +30.5% |
| Other operating charges | 640/8 | €930 | €1,113 | +€183 | +19.7% |
| Gross operating margin | 9900 | €46,435 | €54,673 | +€8,238 | +17.7% |
| Operating profit (loss) | 9901 | €41,090 | €47,800 | +€6,710 | +16.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €676 | €1,107 | +€431 | +63.8% |
| Recurring financial charges | 65 | €676 | €1,107 | +€431 | +63.8% |
| Profit (loss) for the period before taxes | 9903 | €40,415 | €46,693 | +€6,278 | +15.5% |
| Income taxes | 67/77 | €11,899 | €15,973 | +€4,073 | +34.2% |
| Profit (loss) for the period | 9904 | €28,516 | €30,720 | +€2,204 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,516 | €30,720 | +€2,204 | +7.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.