PIVA Estate: what changed
What changed
PIVA Estate
NACE 62.200, Computer consultancy and computer facilities management
filed annual accounts (NBB)
Net result for the year
€95,069
2024 · €5,320+€89,748
Equity
€245,717
2024 · €335,694-€89,978
Cash
€208
2024 · €3,263-€3,055
Balance sheet total
€1.3m
2024 · €1.4m-€74,432
Largest movements
Assets
- Tangible fixed assets -€71,964
down €71,964 (-5.4%), from €1.3m to €1.2m
of which Land and buildings: -€49,109
Equity and liabilities
- Other debts +€100,665
up €100,665 (+26.3%), from €382,465 to €483,131
- Reserves -€89,978
down €89,978 (-27.8%), from €323,294 to €233,317
of which Distributable reserves: -€79,100
- Debts after one year -€82,005
down €82,005 (-18.7%), from €439,650 to €357,645
- Tax, wage and social debts +€37,438
up €37,438 (+84.7%), from €44,223 to €81,661
- Current portion of long-term debt -€29,301
down €29,301 (-26.3%), from €111,307 to €82,005
Income statement
- Gross operating margin +€97,010
up €97,010 (+53.6%), from €181,026 to €278,036
- Taxes +€32,825
up €32,825 (+160%), from €20,560 to €53,384
- Depreciation -€16,473
down €16,473 (-18.3%), from €90,048 to €73,575
- Other operating charges -€14,975
down €14,975 (-49.2%), from €30,425 to €15,449
- Financial charges +€6,071
up €6,071 (+15.9%), from €38,113 to €44,184
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,320
Gross operating margin
+€97,010
Depreciation
+€16,473
Other operating charges
+€14,975
Financial income
-€6
Financial charges
-€6,071
Taxes
-€32,825
Deferred taxes and other
+€192
Result 2025
€95,069
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€297,050
Investment
-€1,611
Financing
-€298,494
Cash 2024
€3,263
From operations (derived)
+€297,050
Net result for the year
+€95,069
Depreciation
+€73,575
Receivables within one year
-€697
Deferred charges and accrued income
+€111
Provisions
-€3,626
Trade debts
+€5,156
Tax, wage and social debts
+€37,438
Other debts
+€100,665
Accrued charges and deferred income
-€10,640
Investment (derived)
-€1,611
Investment in fixed assets (net)
-€1,611
Financing
-€298,494
Debts after one year
-€82,005
Current portion of long-term debt
-€29,301
Short-term financial debts
-€2,141
Contributions, distributions and other
-€185,046
Cash 2025
€208
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,379,074 | €1,304,642 | -€74,432 | -5.4% |
| Fixed assets | 21/28 | €1,321,491 | €1,249,527 | -€71,964 | -5.4% |
| Tangible fixed assets | 22/27 | €1,321,491 | €1,249,527 | -€71,964 | -5.4% |
| Land and buildings | 22 | €1,235,138 | €1,186,029 | -€49,109 | -4.0% |
| Plant, machinery and equipment | 23 | €56,817 | €46,655 | -€10,162 | -17.9% |
| Furniture and vehicles | 24 | €29,536 | €16,843 | -€12,693 | -43.0% |
| Current assets | 29/58 | €57,583 | €55,115 | -€2,468 | -4.3% |
| Amounts receivable within one year | 40/41 | €53,206 | €53,903 | +€697 | +1.3% |
| Trade receivables | 40 | €41,051 | €53,837 | +€12,786 | +31.1% |
| Other amounts receivable | 41 | €12,155 | €66 | -€12,089 | -99.5% |
| Cash at bank and in hand | 54/58 | €3,263 | €208 | -€3,055 | -93.6% |
| Deferred charges and accrued income | 490/1 | €1,114 | €1,004 | -€111 | -9.9% |
| Total equity and liabilities | 10/49 | €1,379,074 | €1,304,642 | -€74,432 | -5.4% |
| Equity | 10/15 | €335,694 | €245,717 | -€89,978 | -26.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €323,294 | €233,317 | -€89,978 | -27.8% |
| Tax-exempt reserves | 132 | €74,774 | €63,896 | -€10,877 | -14.5% |
| Distributable reserves | 133 | €248,521 | €169,421 | -€79,100 | -31.8% |
| Provisions and deferred taxes | 16 | €24,834 | €21,208 | -€3,626 | -14.6% |
| Deferred taxes | 168 | €24,834 | €21,208 | -€3,626 | -14.6% |
| Amounts payable | 17/49 | €1,018,546 | €1,037,717 | +€19,171 | +1.9% |
| Amounts payable after more than one year | 17 | €439,650 | €357,645 | -€82,005 | -18.7% |
| Financial debts | 170/4 | €439,650 | €357,645 | -€82,005 | -18.7% |
| Amounts payable within one year | 42/48 | €568,255 | €680,073 | +€111,817 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €111,307 | €82,005 | -€29,301 | -26.3% |
| Financial debts | 43 | €24,899 | €22,758 | -€2,141 | -8.6% |
| Credit institutions | 430/8 | €24,899 | €22,758 | -€2,141 | -8.6% |
| Trade debts | 44 | €5,361 | €10,518 | +€5,156 | +96.2% |
| Suppliers | 440/4 | €5,361 | €10,518 | +€5,156 | +96.2% |
| Taxes, remuneration and social security | 45 | €44,223 | €81,661 | +€37,438 | +84.7% |
| Taxes | 450/3 | €44,223 | €81,661 | +€37,438 | +84.7% |
| Other amounts payable | 47/48 | €382,465 | €483,131 | +€100,665 | +26.3% |
| Accrued charges and deferred income | 492/3 | €10,640 | - | -€10,640 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,048 | €73,575 | -€16,473 | -18.3% |
| Other operating charges | 640/8 | €30,425 | €15,449 | -€14,975 | -49.2% |
| Gross operating margin | 9900 | €181,026 | €278,036 | +€97,010 | +53.6% |
| Operating profit (loss) | 9901 | €60,554 | €189,012 | +€128,458 | +212% |
| Financial income | 75/76B | €6 | €0 | -€6 | -99.8% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -99.8% |
| Financial charges | 65/66B | €38,113 | €44,184 | +€6,071 | +15.9% |
| Recurring financial charges | 65 | €38,113 | €44,184 | +€6,071 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €22,446 | €144,827 | +€122,381 | +545% |
| Transfer from deferred taxes | 780 | €3,434 | €3,626 | +€192 | +5.6% |
| Income taxes | 67/77 | €20,560 | €53,384 | +€32,825 | +160% |
| Profit (loss) for the period | 9904 | €5,320 | €95,069 | +€89,748 | +1,687% |
| Transfer from tax-exempt reserves | 789 | €10,301 | €10,877 | +€577 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,621 | €105,946 | +€90,325 | +578% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.