PISTE: 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.
PISTE
Largest movements
- Tangible fixed assets -€7,422
down €7,422 (-2.3%), from €319,129 to €311,707
of which Land and buildings: -€6,050
- Debts after one year -€15,376
down €15,376 (-7.5%), from €204,448 to €189,072
- Profit (loss) carried forward +€4,482
up €4,482 (+7.7%), from -€58,391 to -€53,909
- Gross operating margin +€2,860
up €2,860 (+14.0%), from €20,462 to €23,322
- Depreciation +€652
up €652 (+6.7%), from €9,750 to €10,402
- Financial charges -€311
down €311 (-6.1%), from €5,107 to €4,796
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 | €321,903 | €312,347 | -€9,556 | -3.0% |
| Formation expenses | 20 | €385 | €151 | -€234 | -60.7% |
| Fixed assets | 21/28 | €319,129 | €311,707 | -€7,422 | -2.3% |
| Tangible fixed assets | 22/27 | €319,129 | €311,707 | -€7,422 | -2.3% |
| Land and buildings | 22 | €307,475 | €301,425 | -€6,050 | -2.0% |
| Plant, machinery and equipment | 23 | €11,653 | €10,282 | -€1,371 | -11.8% |
| Current assets | 29/58 | €2,390 | €489 | -€1,901 | -79.5% |
| Amounts receivable within one year | 40/41 | - | €71 | +€71 | |
| Trade receivables | 40 | - | €71 | +€71 | |
| Cash at bank and in hand | 54/58 | €2,097 | €115 | -€1,982 | -94.5% |
| Deferred charges and accrued income | 490/1 | €293 | €302 | +€9 | +3.2% |
| Total equity and liabilities | 10/49 | €321,903 | €312,347 | -€9,556 | -3.0% |
| Equity | 10/15 | -€48,391 | -€43,909 | +€4,482 | +9.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,391 | -€53,909 | +€4,482 | +7.7% |
| Amounts payable | 17/49 | €370,295 | €356,256 | -€14,039 | -3.8% |
| Amounts payable after more than one year | 17 | €204,448 | €189,072 | -€15,376 | -7.5% |
| Financial debts | 170/4 | €204,448 | €189,072 | -€15,376 | -7.5% |
| Amounts payable within one year | 42/48 | €165,847 | €167,185 | +€1,338 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €15,077 | €15,376 | +€299 | +2.0% |
| Trade debts | 44 | €2,119 | €157 | -€1,961 | -92.6% |
| Suppliers | 440/4 | €2,119 | €157 | -€1,961 | -92.6% |
| Taxes, remuneration and social security | 45 | €651 | €651 | = | 0.0% |
| Taxes | 450/3 | €651 | €651 | = | 0.0% |
| Other amounts payable | 47/48 | €148,000 | €151,000 | +€3,000 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,750 | €10,402 | +€652 | +6.7% |
| Other operating charges | 640/8 | €3,890 | €3,685 | -€205 | -5.3% |
| Gross operating margin | 9900 | €20,462 | €23,322 | +€2,860 | +14.0% |
| Operating profit (loss) | 9901 | €6,822 | €9,234 | +€2,412 | +35.4% |
| Financial income | 75/76B | - | €44 | +€44 | |
| Recurring financial income | 75 | - | €44 | +€44 | |
| Financial charges | 65/66B | €5,107 | €4,796 | -€311 | -6.1% |
| Recurring financial charges | 65 | €5,107 | €4,796 | -€311 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €1,715 | €4,482 | +€2,767 | +161.4% |
| Profit (loss) for the period | 9904 | €1,715 | €4,482 | +€2,767 | +161.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,715 | €4,482 | +€2,767 | +161.4% |
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 4 October 2026 via checked.be.