PION: 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.
PION
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€152,976
down €152,976 (-24.5%), from €625,454 to €472,478
of which Financial debts: -€262,476
- Other debts +€138,300
up €138,300 (+56.2%), from €246,299 to €384,599
- Financial charges -€4,883
down €4,883 (-18.1%), from €26,977 to €22,094
- Taxes +€2,256
up €2,256 (+894%), from €252 to €2,509
- Gross operating margin -€406
down €406 (-1.1%), from €35,629 to €35,223
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,131,978 | €1,129,537 | -€2,441 | -0.2% |
| Fixed assets | 21/28 | €1,110,000 | €1,110,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,110,000 | €1,110,000 | = | 0.0% |
| Current assets | 29/58 | €21,978 | €19,537 | -€2,441 | -11.1% |
| Amounts receivable within one year | 40/41 | €19,299 | €19,299 | = | 0.0% |
| Other amounts receivable | 41 | €19,299 | €19,299 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,679 | €238 | -€2,441 | -91.1% |
| Total equity and liabilities | 10/49 | €1,131,978 | €1,129,537 | -€2,441 | -0.2% |
| Equity | 10/15 | €137,010 | €147,045 | +€10,035 | +7.3% |
| Contributions | 10/11 | €136,000 | €136,000 | = | 0.0% |
| Reserves | 13 | €1,010 | €11,045 | +€10,035 | +994% |
| Distributable reserves | 133 | €1,010 | €11,045 | +€10,035 | +994% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €994,968 | €982,492 | -€12,476 | -1.3% |
| Amounts payable after more than one year | 17 | €625,454 | €472,478 | -€152,976 | -24.5% |
| Financial debts | 170/4 | €588,954 | €326,478 | -€262,476 | -44.6% |
| Other amounts payable | 178/9 | €36,500 | €146,000 | +€109,500 | +300% |
| Amounts payable within one year | 42/48 | €369,514 | €510,014 | +€140,500 | +38.0% |
| Current portion of amounts payable after more than one year | 42 | €121,073 | €121,073 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,142 | €4,342 | +€2,200 | +103% |
| Taxes | 450/3 | €2,142 | €4,342 | +€2,200 | +103% |
| Other amounts payable | 47/48 | €246,299 | €384,599 | +€138,300 | +56.2% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €35,629 | €35,223 | -€406 | -1.1% |
| Operating profit (loss) | 9901 | €35,060 | €34,638 | -€422 | -1.2% |
| Financial charges | 65/66B | €26,977 | €22,094 | -€4,883 | -18.1% |
| Recurring financial charges | 65 | €26,977 | €22,094 | -€4,883 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €8,083 | €12,544 | +€4,460 | +55.2% |
| Income taxes | 67/77 | €252 | €2,509 | +€2,256 | +894% |
| Profit (loss) for the period | 9904 | €7,831 | €10,035 | +€2,204 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,831 | €10,035 | +€2,204 | +28.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.