PiMaRoQ: 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.
PiMaRoQ
Largest movements
- Cash +€61,860
up €61,860 (+152.0%), from €40,703 to €102,563
mainly Net result for the year (+€68,657) and Depreciation (+€4,557)
- Receivables within one year +€11,497
up €11,497 (+71.1%), from €16,162 to €27,659
- Tangible fixed assets -€2,383
down €2,383 (-12.8%), from €18,630 to €16,248
of which Other tangible fixed assets: -€2,210
- Profit (loss) carried forward +€66,357
up €66,357 (+101.3%), from €65,480 to €131,837
- Other debts +€2,500
new in 2025: €2,500
- Tax, wage and social debts +€2,005
up €2,005 (+22.7%), from €8,848 to €10,854
- Gross operating margin +€31,007
up €31,007 (+54.2%), from €57,252 to €88,259
- Taxes +€3,017
up €3,017 (+25.2%), from €11,983 to €15,000
- Depreciation +€2,004
up €2,004 (+78.5%), from €2,552 to €4,557
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 | €76,586 | €147,282 | +€70,696 | +92.3% |
| Formation expenses | 20 | €974 | €696 | -€278 | -28.6% |
| Fixed assets | 21/28 | €18,747 | €16,364 | -€2,383 | -12.7% |
| Tangible fixed assets | 22/27 | €18,630 | €16,248 | -€2,383 | -12.8% |
| Furniture and vehicles | 24 | €802 | €630 | -€173 | -21.5% |
| Other tangible fixed assets | 26 | €17,828 | €15,618 | -€2,210 | -12.4% |
| Financial fixed assets | 28 | €117 | €117 | = | 0.0% |
| Current assets | 29/58 | €56,865 | €130,222 | +€73,357 | +129.0% |
| Amounts receivable within one year | 40/41 | €16,162 | €27,659 | +€11,497 | +71.1% |
| Other amounts receivable | 41 | €16,162 | €27,659 | +€11,497 | +71.1% |
| Cash at bank and in hand | 54/58 | €40,703 | €102,563 | +€61,860 | +152.0% |
| Total equity and liabilities | 10/49 | €76,586 | €147,282 | +€70,696 | +92.3% |
| Equity | 10/15 | €67,680 | €133,837 | +€66,157 | +97.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | - | -€200 | |
| Non-distributable reserves | 130/1 | €200 | - | -€200 | |
| Other | 1319 | €200 | - | -€200 | |
| Profit (loss) carried forward | 14 | €65,480 | €131,837 | +€66,357 | +101.3% |
| Amounts payable | 17/49 | €8,906 | €13,445 | +€4,539 | +51.0% |
| Amounts payable within one year | 42/48 | €8,906 | €13,445 | +€4,539 | +51.0% |
| Trade debts | 44 | €57 | €91 | +€34 | +58.5% |
| Suppliers | 440/4 | €57 | €91 | +€34 | +58.5% |
| Taxes, remuneration and social security | 45 | €8,848 | €10,854 | +€2,005 | +22.7% |
| Taxes | 450/3 | €8,848 | €10,854 | +€2,005 | +22.7% |
| Other amounts payable | 47/48 | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,552 | €4,557 | +€2,004 | +78.5% |
| Gross operating margin | 9900 | €57,252 | €88,259 | +€31,007 | +54.2% |
| Operating profit (loss) | 9901 | €54,700 | €83,702 | +€29,003 | +53.0% |
| Financial charges | 65/66B | €23 | €45 | +€23 | +100.0% |
| Recurring financial charges | 65 | €23 | €45 | +€23 | +100.0% |
| Profit (loss) for the period before taxes | 9903 | €54,677 | €83,657 | +€28,980 | +53.0% |
| Income taxes | 67/77 | €11,983 | €15,000 | +€3,017 | +25.2% |
| Profit (loss) for the period | 9904 | €42,694 | €68,657 | +€25,963 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,694 | €68,657 | +€25,963 | +60.8% |
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 6 October 2026 via checked.be.