Searching PI: what changed
Searching PI
Largest movements
- Receivables within one year +€213,263
up €213,263 (+11,347%), from €1,879 to €215,142
of which Trade receivables: +€214,235
- Cash +€182,204
up €182,204 (+405%), from €44,970 to €227,174
mainly Net result for the year (+€238,209) and Tax, wage and social debts (+€136,979)
- Tangible fixed assets +€16,639
up €16,639 (+1,188%), from €1,400 to €18,039
- Profit (loss) carried forward +€238,209
up €238,209 (+19,432%), from €1,226 to €239,435
- Tax, wage and social debts +€136,979
up €136,979 (+895%), from €15,300 to €152,279
of which Taxes: +€133,711
- Trade debts +€58,449
up €58,449 (+828%), from €7,059 to €65,509
- Accrued charges and deferred income -€21,215
down €21,215 (-100%), from €21,215 to €0
- Gross operating margin +€484,751
up €484,751 (+620%), from €78,191 to €562,941
- Staff costs +€167,014
up €167,014 (+227%), from €73,622 to €240,636
- Taxes +€73,695
up €73,695 (+9,960%), from €740 to €74,435
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,249 | €460,355 | +€412,105 | +854% |
| Fixed assets | 21/28 | €1,400 | €18,039 | +€16,639 | +1,188% |
| Tangible fixed assets | 22/27 | €1,400 | €18,039 | +€16,639 | +1,188% |
| Furniture and vehicles | 24 | €1,400 | €18,039 | +€16,639 | +1,188% |
| Current assets | 29/58 | €46,849 | €442,316 | +€395,467 | +844% |
| Amounts receivable within one year | 40/41 | €1,879 | €215,142 | +€213,263 | +11,347% |
| Trade receivables | 40 | €908 | €215,142 | +€214,235 | +23,607% |
| Other amounts receivable | 41 | €972 | €0 | -€972 | -100% |
| Cash at bank and in hand | 54/58 | €44,970 | €227,174 | +€182,204 | +405% |
| Total equity and liabilities | 10/49 | €48,249 | €460,355 | +€412,105 | +854% |
| Equity | 10/15 | €2,726 | €240,935 | +€238,209 | +8,739% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,226 | €239,435 | +€238,209 | +19,432% |
| Amounts payable | 17/49 | €45,524 | €219,420 | +€173,897 | +382% |
| Amounts payable within one year | 42/48 | €24,309 | €219,420 | +€195,112 | +803% |
| Trade debts | 44 | €7,059 | €65,509 | +€58,449 | +828% |
| Suppliers | 440/4 | €7,059 | €65,509 | +€58,449 | +828% |
| Advances received on contracts in progress | 46 | €1,098 | €0 | -€1,098 | -100% |
| Taxes, remuneration and social security | 45 | €15,300 | €152,279 | +€136,979 | +895% |
| Taxes | 450/3 | €740 | €134,451 | +€133,711 | +18,071% |
| Remuneration and social security | 454/9 | €14,560 | €17,827 | +€3,268 | +22.4% |
| Other amounts payable | 47/48 | €851 | €1,633 | +€781 | +91.7% |
| Accrued charges and deferred income | 492/3 | €21,215 | €0 | -€21,215 | -100% |
| Remuneration, social security and pensions | 62 | €73,622 | €240,636 | +€167,014 | +227% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €447 | €3,312 | +€2,865 | +640% |
| Other operating charges | 640/8 | €772 | €238 | -€534 | -69.2% |
| Gross operating margin | 9900 | €78,191 | €562,941 | +€484,751 | +620% |
| Operating profit (loss) | 9901 | €3,350 | €318,755 | +€315,406 | +9,416% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,384 | €6,114 | +€4,730 | +342% |
| Recurring financial charges | 65 | €1,384 | €6,114 | +€4,730 | +342% |
| Profit (loss) for the period before taxes | 9903 | €1,966 | €312,644 | +€310,678 | +15,804% |
| Income taxes | 67/77 | €740 | €74,435 | +€73,695 | +9,960% |
| Profit (loss) for the period | 9904 | €1,226 | €238,209 | +€236,983 | +19,332% |
| Profit (loss) for the period to be appropriated | 9905 | €1,226 | €238,209 | +€236,983 | +19,332% |
Next steps
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 4 November 2026 via checked.be.