PIP17: 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.
PIP17
Largest movements
- Tangible fixed assets -€5,473
down €5,473 (-70.9%), from €7,723 to €2,249
- Receivables within one year -€619
down €619 (-5.4%), from €11,479 to €10,861
of which Trade receivables: -€470
- Current portion of long-term debt -€4,694
down €4,694 (-74.9%), from €6,271 to €1,577
- Debts after one year -€1,577
no longer reported in 2025 (was €1,577)
- Tax, wage and social debts +€709
up €709 (+87.6%), from €809 to €1,519
- Trade debts -€649
down €649 (-34.4%), from €1,884 to €1,235
- Profit (loss) carried forward +€398
up €398 (+5.2%), from €7,658 to €8,056
- Gross operating margin +€4,160
up €4,160 (+110%), from €3,794 to €7,954
- Taxes +€761
up €761 (+108%), from €705 to €1,467
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 | €22,605 | €16,505 | -€6,100 | -27.0% |
| Fixed assets | 21/28 | €7,723 | €2,249 | -€5,473 | -70.9% |
| Tangible fixed assets | 22/27 | €7,723 | €2,249 | -€5,473 | -70.9% |
| Furniture and vehicles | 24 | €7,723 | €2,249 | -€5,473 | -70.9% |
| Current assets | 29/58 | €14,882 | €14,256 | -€626 | -4.2% |
| Amounts receivable within one year | 40/41 | €11,479 | €10,861 | -€619 | -5.4% |
| Trade receivables | 40 | €11,019 | €10,549 | -€470 | -4.3% |
| Other amounts receivable | 41 | €460 | €312 | -€148 | -32.2% |
| Cash at bank and in hand | 54/58 | €3,403 | €3,395 | -€8 | -0.2% |
| Total equity and liabilities | 10/49 | €22,605 | €16,505 | -€6,100 | -27.0% |
| Equity | 10/15 | €9,658 | €10,056 | +€398 | +4.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,658 | €8,056 | +€398 | +5.2% |
| Amounts payable | 17/49 | €12,947 | €6,449 | -€6,498 | -50.2% |
| Amounts payable after more than one year | 17 | €1,577 | - | -€1,577 | |
| Financial debts | 170/4 | €1,577 | - | -€1,577 | |
| Amounts payable within one year | 42/48 | €11,370 | €6,449 | -€4,921 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €6,271 | €1,577 | -€4,694 | -74.9% |
| Trade debts | 44 | €1,884 | €1,235 | -€649 | -34.4% |
| Suppliers | 440/4 | €1,884 | €1,235 | -€649 | -34.4% |
| Taxes, remuneration and social security | 45 | €809 | €1,519 | +€709 | +87.6% |
| Taxes | 450/3 | €809 | €1,519 | +€709 | +87.6% |
| Other amounts payable | 47/48 | €2,405 | €2,119 | -€287 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,473 | €5,473 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €3,794 | €7,954 | +€4,160 | +110% |
| Operating profit (loss) | 9901 | -€2,184 | €1,961 | +€4,146 | |
| Financial income | 75/76B | €0 | €3 | +€3 | +30,200% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +30,200% |
| Financial charges | 65/66B | €157 | €100 | -€57 | -36.4% |
| Recurring financial charges | 65 | €157 | €100 | -€57 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,341 | €1,865 | +€4,206 | |
| Income taxes | 67/77 | €705 | €1,467 | +€761 | +108% |
| Profit (loss) for the period | 9904 | -€3,046 | €398 | +€3,445 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,046 | €398 | +€3,445 |
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 14 October 2026 via checked.be.