Di Pietrantonio: 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.
Di Pietrantonio
Largest movements
- Financial fixed assets +€92,738
new in 2025: €92,738
- Cash +€81,030
up €81,030 (+128%), from €63,226 to €144,256
mainly Net result for the year (+€136,740) and Accrued charges and deferred income (+€94,613)
- Receivables within one year +€52,287
up €52,287 (+42.5%), from €123,077 to €175,364
of which Other amounts receivable: +€29,438
- Intangible fixed assets +€39,297
new in 2025: €39,297
- Reserves +€102,378
up €102,378 (+121%), from €84,804 to €187,183
- Accrued charges and deferred income +€94,613
up €94,613 (+24,426%), from €387 to €95,000
- Tax, wage and social debts +€34,917
up €34,917 (+495%), from €7,055 to €41,973
of which Taxes: +€33,531
- Other debts +€29,804
up €29,804 (+1,401%), from €2,128 to €31,932
- Gross operating margin +€208,350
up €208,350 (+542%), from €38,428 to €246,778
- Taxes +€66,362
up €66,362 (+29,159%), from €228 to €66,590
- Financial income +€4,429
up €4,429 (+92.5%), from €4,788 to €9,216
- Other operating charges +€3,613
up €3,613 (+196%), from €1,842 to €5,455
- Staff costs -€2,470
down €2,470 (-5.4%), from €45,995 to €43,525
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.
Derived cash bridge
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 | €202,602 | €466,481 | +€263,879 | +130% |
| Fixed assets | 21/28 | €14,262 | €145,818 | +€131,556 | +922% |
| Intangible fixed assets | 21 | - | €39,297 | +€39,297 | |
| Tangible fixed assets | 22/27 | €14,262 | €13,783 | -€479 | -3.4% |
| Land and buildings | 22 | €8,485 | €6,913 | -€1,573 | -18.5% |
| Plant, machinery and equipment | 23 | €1,519 | €0 | -€1,519 | -100% |
| Furniture and vehicles | 24 | €4,258 | €6,871 | +€2,613 | +61.4% |
| Financial fixed assets | 28 | - | €92,738 | +€92,738 | |
| Current assets | 29/58 | €188,340 | €320,663 | +€132,323 | +70.3% |
| Amounts receivable within one year | 40/41 | €123,077 | €175,364 | +€52,287 | +42.5% |
| Trade receivables | 40 | €5,619 | €28,468 | +€22,849 | +407% |
| Other amounts receivable | 41 | €117,458 | €146,896 | +€29,438 | +25.1% |
| Cash at bank and in hand | 54/58 | €63,226 | €144,256 | +€81,030 | +128% |
| Deferred charges and accrued income | 490/1 | €2,036 | €1,043 | -€994 | -48.8% |
| Total equity and liabilities | 10/49 | €202,602 | €466,481 | +€263,879 | +130% |
| Equity | 10/15 | €103,354 | €205,733 | +€102,378 | +99.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €84,804 | €187,183 | +€102,378 | +121% |
| Distributable reserves | 133 | €84,804 | €187,183 | +€102,378 | +121% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €99,248 | €260,749 | +€161,501 | +163% |
| Amounts payable within one year | 42/48 | €98,861 | €165,749 | +€66,888 | +67.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €89,678 | €91,844 | +€2,166 | +2.4% |
| Suppliers | 440/4 | €89,678 | €91,844 | +€2,166 | +2.4% |
| Taxes, remuneration and social security | 45 | €7,055 | €41,973 | +€34,917 | +495% |
| Taxes | 450/3 | €228 | €33,759 | +€33,531 | +14,733% |
| Remuneration and social security | 454/9 | €6,828 | €8,214 | +€1,386 | +20.3% |
| Other amounts payable | 47/48 | €2,128 | €31,932 | +€29,804 | +1,401% |
| Accrued charges and deferred income | 492/3 | €387 | €95,000 | +€94,613 | +24,426% |
| Non-recurring operating income | 76A | - | €236,251 | +€236,251 | |
| Remuneration, social security and pensions | 62 | €45,995 | €43,525 | -€2,470 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,164 | €3,158 | -€1,007 | -24.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,842 | €5,455 | +€3,613 | +196% |
| Gross operating margin | 9900 | €38,428 | €246,778 | +€208,350 | +542% |
| Operating profit (loss) | 9901 | -€13,573 | €194,641 | +€208,213 | |
| Financial income | 75/76B | €4,788 | €9,216 | +€4,429 | +92.5% |
| Recurring financial income | 75 | €4,788 | €9,216 | +€4,429 | +92.5% |
| Financial charges | 65/66B | €472 | €528 | +€56 | +11.8% |
| Recurring financial charges | 65 | €472 | €528 | +€56 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,257 | €203,329 | +€212,586 | |
| Income taxes | 67/77 | €228 | €66,590 | +€66,362 | +29,159% |
| Profit (loss) for the period | 9904 | -€9,485 | €136,740 | +€146,224 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,485 | €136,740 | +€146,224 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.