PIVI: 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.
PIVI
Largest movements
- Cash +€22,491
up €22,491 (+118.5%), from €18,979 to €41,471
mainly Net result for the year (+€22,506) and Trade debts (+€5,712)
- Receivables within one year +€7,749
up €7,749 (+998.2%), from €776 to €8,525
of which Trade receivables: +€6,639
- Tangible fixed assets +€4,878
new in 2025: €4,878
of which Furniture and vehicles: +€3,068
- Profit (loss) carried forward +€22,506
up €22,506, from -€7,845 to €14,662
- Trade debts +€5,712
up €5,712 (+28.7%), from €19,877 to €25,589
- Other debts +€5,351
up €5,351 (+1740.8%), from €307 to €5,658
- Tax, wage and social debts +€1,754
up €1,754 (+16.5%), from €10,640 to €12,394
of which Taxes: +€6,677
- Gross operating margin +€96,869
up €96,869 (+740.9%), from €13,075 to €109,944
- Staff costs +€59,752
up €59,752 (+304.0%), from €19,656 to €79,407
- Taxes +€5,000
new in 2025: €5,000
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 | €23,980 | €59,303 | +€35,323 | +147.3% |
| Fixed assets | 21/28 | - | €5,083 | +€5,083 | |
| Tangible fixed assets | 22/27 | - | €4,878 | +€4,878 | |
| Plant, machinery and equipment | 23 | - | €1,809 | +€1,809 | |
| Furniture and vehicles | 24 | - | €3,068 | +€3,068 | |
| Financial fixed assets | 28 | - | €205 | +€205 | |
| Current assets | 29/58 | €23,980 | €54,220 | +€30,240 | +126.1% |
| Stocks and contracts in progress | 3 | €4,224 | €4,224 | = | 0.0% |
| Stocks | 30/36 | €4,224 | €4,224 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €776 | €8,525 | +€7,749 | +998.2% |
| Trade receivables | 40 | €674 | €7,313 | +€6,639 | +985.5% |
| Other amounts receivable | 41 | €103 | €1,212 | +€1,110 | +1081.6% |
| Cash at bank and in hand | 54/58 | €18,979 | €41,471 | +€22,491 | +118.5% |
| Total equity and liabilities | 10/49 | €23,980 | €59,303 | +€35,323 | +147.3% |
| Equity | 10/15 | -€6,845 | €15,662 | +€22,506 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,845 | €14,662 | +€22,506 | |
| Amounts payable | 17/49 | €30,824 | €43,641 | +€12,816 | +41.6% |
| Amounts payable within one year | 42/48 | €30,824 | €43,641 | +€12,816 | +41.6% |
| Trade debts | 44 | €19,877 | €25,589 | +€5,712 | +28.7% |
| Suppliers | 440/4 | €19,877 | €25,589 | +€5,712 | +28.7% |
| Taxes, remuneration and social security | 45 | €10,640 | €12,394 | +€1,754 | +16.5% |
| Taxes | 450/3 | €3,961 | €10,638 | +€6,677 | +168.6% |
| Remuneration and social security | 454/9 | €6,679 | €1,756 | -€4,923 | -73.7% |
| Other amounts payable | 47/48 | €307 | €5,658 | +€5,351 | +1740.8% |
| Remuneration, social security and pensions | 62 | €19,656 | €79,407 | +€59,752 | +304.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €595 | +€595 | |
| Other operating charges | 640/8 | €1,139 | €1,330 | +€191 | +16.8% |
| Gross operating margin | 9900 | €13,075 | €109,944 | +€96,869 | +740.9% |
| Operating profit (loss) | 9901 | -€7,720 | €28,612 | +€36,331 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €125 | €1,105 | +€980 | +783.4% |
| Recurring financial charges | 65 | €125 | €1,105 | +€980 | +783.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,845 | €27,506 | +€35,351 | |
| Income taxes | 67/77 | - | €5,000 | +€5,000 | |
| Profit (loss) for the period | 9904 | -€7,845 | €22,506 | +€30,351 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,845 | €22,506 | +€30,351 |
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.