SELECT PISCINES: 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.
SELECT PISCINES
Largest movements
- Cash -€10,514
down €10,514 (-10.1%), from €103,950 to €93,437
mainly Net result for the year (-€8,899) and Trade debts (-€4,702)
- Tangible fixed assets -€6,958
down €6,958 (-80.4%), from €8,656 to €1,699
- Profit (loss) carried forward -€8,336
down €8,336 (-6.0%), from €139,489 to €131,154
- Trade debts -€4,702
down €4,702 (-96.7%), from €4,861 to €159
- Financial income +€3,515
up €3,515 (+91.7%), from €3,835 to €7,350
- Gross operating margin +€1,054
up €1,054 (+11.1%), from -€9,532 to -€8,478
- Depreciation -€583
down €583 (-7.7%), from €7,540 to €6,958
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 | €371,385 | €354,673 | -€16,713 | -4.5% |
| Fixed assets | 21/28 | €8,656 | €1,699 | -€6,958 | -80.4% |
| Tangible fixed assets | 22/27 | €8,656 | €1,699 | -€6,958 | -80.4% |
| Furniture and vehicles | 24 | €8,656 | €1,699 | -€6,958 | -80.4% |
| Current assets | 29/58 | €362,729 | €352,974 | -€9,755 | -2.7% |
| Stocks and contracts in progress | 3 | €6,379 | €6,379 | = | 0.0% |
| Stocks | 30/36 | €6,379 | €6,379 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,328 | €2,607 | +€279 | +12.0% |
| Trade receivables | 40 | €424 | €1,011 | +€587 | +138.7% |
| Other amounts receivable | 41 | €1,904 | €1,596 | -€308 | -16.2% |
| Current investments | 50/53 | €249,770 | €249,948 | +€178 | +0.1% |
| Cash at bank and in hand | 54/58 | €103,950 | €93,437 | -€10,514 | -10.1% |
| Deferred charges and accrued income | 490/1 | €303 | €603 | +€301 | +99.4% |
| Total equity and liabilities | 10/49 | €371,385 | €354,673 | -€16,713 | -4.5% |
| Equity | 10/15 | €351,504 | €342,605 | -€8,899 | -2.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €172,015 | €171,451 | -€563 | -0.3% |
| Tax-exempt reserves | 132 | €172,015 | €171,451 | -€563 | -0.3% |
| Profit (loss) carried forward | 14 | €139,489 | €131,154 | -€8,336 | -6.0% |
| Amounts payable | 17/49 | €19,881 | €12,067 | -€7,814 | -39.3% |
| Amounts payable within one year | 42/48 | €19,785 | €11,970 | -€7,815 | -39.5% |
| Trade debts | 44 | €4,861 | €159 | -€4,702 | -96.7% |
| Suppliers | 440/4 | €4,861 | €159 | -€4,702 | -96.7% |
| Other amounts payable | 47/48 | €14,924 | €11,811 | -€3,113 | -20.9% |
| Accrued charges and deferred income | 492/3 | €96 | €97 | +€1 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,540 | €6,958 | -€583 | -7.7% |
| Other operating charges | 640/8 | €530 | €565 | +€35 | +6.6% |
| Gross operating margin | 9900 | -€9,532 | -€8,478 | +€1,054 | +11.1% |
| Operating profit (loss) | 9901 | -€17,603 | -€16,001 | +€1,602 | +9.1% |
| Financial income | 75/76B | €3,835 | €7,350 | +€3,515 | +91.7% |
| Recurring financial income | 75 | €3,835 | €7,350 | +€3,515 | +91.7% |
| Financial charges | 65/66B | €111 | €101 | -€10 | -9.0% |
| Recurring financial charges | 65 | €111 | €101 | -€10 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,879 | -€8,752 | +€5,127 | +36.9% |
| Income taxes | 67/77 | €140 | €147 | +€7 | +5.4% |
| Profit (loss) for the period | 9904 | -€14,018 | -€8,899 | +€5,119 | +36.5% |
| Transfer from tax-exempt reserves | 789 | €738 | €563 | -€175 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,280 | -€8,336 | +€4,944 | +37.2% |
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 5 October 2026 via checked.be.