PISTOR: 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.
PISTOR
Largest movements
- Cash +€209,639
up €209,639 (+625.5%), from €33,516 to €243,155
mainly Net result for the year (+€114,067) and Receivables within one year (+€58,265)
- Receivables within one year -€58,265
down €58,265 (-97.7%), from €59,609 to €1,344
of which Trade receivables: -€59,078
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets +€4,389
up €4,389 (+186.9%), from €2,348 to €6,737
of which Furniture and vehicles: +€4,116
- Reserves +€72,853
up €72,853 (+64.3%), from €113,296 to €186,149
of which Distributable reserves: +€72,853
- Other debts +€26,699
up €26,699 (+243.9%), from €10,948 to €37,647
- Trade debts +€3,019
up €3,019 (+313.2%), from €964 to €3,983
- Gross operating margin +€72,847
up €72,847 (+74.3%), from €98,057 to €170,904
- Taxes +€27,741
up €27,741 (+103.3%), from €26,858 to €54,599
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 | €149,233 | €252,741 | +€103,508 | +69.4% |
| Formation expenses | 20 | €174 | - | -€174 | |
| Fixed assets | 21/28 | €3,192 | €7,456 | +€4,264 | +133.6% |
| Intangible fixed assets | 21 | €844 | €719 | -€125 | -14.8% |
| Tangible fixed assets | 22/27 | €2,348 | €6,737 | +€4,389 | +186.9% |
| Plant, machinery and equipment | 23 | €598 | €871 | +€273 | +45.7% |
| Furniture and vehicles | 24 | €1,750 | €5,866 | +€4,116 | +235.2% |
| Current assets | 29/58 | €145,867 | €245,285 | +€99,418 | +68.2% |
| Amounts receivable within one year | 40/41 | €59,609 | €1,344 | -€58,265 | -97.7% |
| Trade receivables | 40 | €59,532 | €454 | -€59,078 | -99.2% |
| Other amounts receivable | 41 | €77 | €890 | +€813 | +1055.8% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €33,516 | €243,155 | +€209,639 | +625.5% |
| Deferred charges and accrued income | 490/1 | €2,742 | €786 | -€1,956 | -71.3% |
| Total equity and liabilities | 10/49 | €149,233 | €252,741 | +€103,508 | +69.4% |
| Equity | 10/15 | €114,296 | €187,149 | +€72,853 | +63.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €113,296 | €186,149 | +€72,853 | +64.3% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €113,196 | €186,049 | +€72,853 | +64.4% |
| Amounts payable | 17/49 | €34,937 | €65,592 | +€30,655 | +87.7% |
| Amounts payable within one year | 42/48 | €34,937 | €65,592 | +€30,655 | +87.7% |
| Trade debts | 44 | €964 | €3,983 | +€3,019 | +313.2% |
| Suppliers | 440/4 | €964 | €3,983 | +€3,019 | +313.2% |
| Taxes, remuneration and social security | 45 | €23,025 | €23,962 | +€937 | +4.1% |
| Taxes | 450/3 | €23,025 | €23,962 | +€937 | +4.1% |
| Other amounts payable | 47/48 | €10,948 | €37,647 | +€26,699 | +243.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,958 | €2,373 | +€415 | +21.2% |
| Other operating charges | 640/8 | €499 | €442 | -€57 | -11.4% |
| Gross operating margin | 9900 | €98,057 | €170,904 | +€72,847 | +74.3% |
| Operating profit (loss) | 9901 | €95,600 | €168,089 | +€72,489 | +75.8% |
| Financial income | 75/76B | €27 | €807 | +€780 | +2888.9% |
| Recurring financial income | 75 | €27 | €807 | +€780 | +2888.9% |
| Financial charges | 65/66B | €225 | €230 | +€5 | +2.2% |
| Recurring financial charges | 65 | €225 | €230 | +€5 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €95,402 | €168,666 | +€73,264 | +76.8% |
| Income taxes | 67/77 | €26,858 | €54,599 | +€27,741 | +103.3% |
| Profit (loss) for the period | 9904 | €68,544 | €114,067 | +€45,523 | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,544 | €114,067 | +€45,523 | +66.4% |
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 11 October 2026 via checked.be.