AL PICCOLO: what changed
Two financial 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.
AL PICCOLO
Largest movements
- Cash +€122,709
up €122,709 (+25.2%), from €486,304 to €609,013
mainly Net result for the year (+€204,548) and Depreciation (+€20,187)
- Receivables within one year +€68,392
up €68,392 (+23.0%), from €297,824 to €366,216
of which Other amounts receivable: +€68,392
- Tangible fixed assets -€10,887
down €10,887 (-17.2%), from €63,228 to €52,342
of which Plant, machinery and equipment: -€9,428
- Reserves +€204,548
up €204,548 (+36.2%), from €564,702 to €769,250
of which Distributable reserves: +€204,548
- Tax, wage and social debts -€38,182
down €38,182 (-27.1%), from €140,721 to €102,539
of which Taxes: -€40,735
- Other debts +€14,250
up €14,250 (+52.6%), from €27,110 to €41,360
- Gross operating margin +€62,689
up €62,689 (+19.6%), from €320,301 to €382,990
- Taxes +€21,788
up €21,788 (+28.6%), from €76,300 to €98,089
- Depreciation +€9,739
up €9,739 (+93.2%), from €10,448 to €20,187
- Financial income +€5,047
up €5,047 (+39.3%), from €12,840 to €17,888
- Other operating charges -€4,887
down €4,887 (-37.3%), from €13,119 to €8,232
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €883,849 | €1,059,910 | +€176,061 | +19.9% |
| Fixed assets | 21/28 | €81,828 | €70,942 | -€10,887 | -13.3% |
| Tangible fixed assets | 22/27 | €63,228 | €52,342 | -€10,887 | -17.2% |
| Plant, machinery and equipment | 23 | €54,824 | €45,396 | -€9,428 | -17.2% |
| Furniture and vehicles | 24 | €8,404 | €6,945 | -€1,459 | -17.4% |
| Financial fixed assets | 28 | €18,600 | €18,600 | = | 0.0% |
| Current assets | 29/58 | €802,021 | €988,969 | +€186,948 | +23.3% |
| Stocks and contracts in progress | 3 | €10,594 | €11,194 | +€600 | +5.7% |
| Stocks | 30/36 | €10,594 | €11,194 | +€600 | +5.7% |
| Amounts receivable within one year | 40/41 | €297,824 | €366,216 | +€68,392 | +23.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €297,824 | €366,216 | +€68,392 | +23.0% |
| Cash at bank and in hand | 54/58 | €486,304 | €609,013 | +€122,709 | +25.2% |
| Deferred charges and accrued income | 490/1 | €7,298 | €2,545 | -€4,753 | -65.1% |
| Total equity and liabilities | 10/49 | €883,849 | €1,059,910 | +€176,061 | +19.9% |
| Equity | 10/15 | €689,629 | €894,177 | +€204,548 | +29.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €564,702 | €769,250 | +€204,548 | +36.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €564,702 | €769,250 | +€204,548 | +36.2% |
| Profit (loss) carried forward | 14 | €106,377 | €106,377 | = | 0.0% |
| Amounts payable | 17/49 | €194,220 | €165,733 | -€28,487 | -14.7% |
| Amounts payable within one year | 42/48 | €186,986 | €161,227 | -€25,758 | -13.8% |
| Financial debts | 43 | €12,693 | €12,757 | +€64 | +0.5% |
| Credit institutions | 430/8 | €12,693 | €12,757 | +€64 | +0.5% |
| Trade debts | 44 | €6,462 | €4,572 | -€1,890 | -29.2% |
| Suppliers | 440/4 | €6,462 | €4,572 | -€1,890 | -29.2% |
| Taxes, remuneration and social security | 45 | €140,721 | €102,539 | -€38,182 | -27.1% |
| Taxes | 450/3 | €136,472 | €95,738 | -€40,735 | -29.8% |
| Remuneration and social security | 454/9 | €4,248 | €6,801 | +€2,553 | +60.1% |
| Other amounts payable | 47/48 | €27,110 | €41,360 | +€14,250 | +52.6% |
| Accrued charges and deferred income | 492/3 | €7,234 | €4,506 | -€2,729 | -37.7% |
| Remuneration, social security and pensions | 62 | €69,689 | €67,898 | -€1,791 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,448 | €20,187 | +€9,739 | +93.2% |
| Other operating charges | 640/8 | €13,119 | €8,232 | -€4,887 | -37.3% |
| Gross operating margin | 9900 | €320,301 | €382,990 | +€62,689 | +19.6% |
| Operating profit (loss) | 9901 | €227,045 | €286,674 | +€59,628 | +26.3% |
| Financial income | 75/76B | €12,840 | €17,888 | +€5,047 | +39.3% |
| Recurring financial income | 75 | €12,840 | €17,888 | +€5,047 | +39.3% |
| Financial charges | 65/66B | €1,602 | €1,925 | +€323 | +20.2% |
| Recurring financial charges | 65 | €1,602 | €1,925 | +€323 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €238,284 | €302,637 | +€64,353 | +27.0% |
| Income taxes | 67/77 | €76,300 | €98,089 | +€21,788 | +28.6% |
| Profit (loss) for the period | 9904 | €161,984 | €204,548 | +€42,564 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €161,984 | €204,548 | +€42,564 | +26.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.