DE PIZZAHOEK: 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.
DE PIZZAHOEK
Largest movements
- Cash +€24,387
up €24,387 (+54.2%), from €44,979 to €69,366
mainly Net result for the year (+€20,802) and Depreciation (+€6,585)
- Receivables within one year +€4,216
up €4,216 (+236%), from €1,788 to €6,004
- Receivables after one year -€2,951
no longer reported in 2025 (was €2,951)
- Tangible fixed assets -€1,377
down €1,377 (-5.6%), from €24,740 to €23,363
of which Furniture and vehicles: -€5,565
- Reserves +€20,802
up €20,802 (+35.3%), from €58,914 to €79,716
- Trade debts +€5,900
up €5,900 (+422%), from €1,397 to €7,296
- Tax, wage and social debts -€3,194
down €3,194 (-28.5%), from €11,209 to €8,015
of which Remuneration and social security: -€2,158
- Other debts +€1,357
new in 2025: €1,357
- Staff costs -€15,015
down €15,015 (-29.6%), from €50,718 to €35,703
- Gross operating margin -€12,602
down €12,602 (-14.5%), from €87,036 to €74,435
- Depreciation +€2,089
up €2,089 (+46.5%), from €4,496 to €6,585
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 | €81,374 | €106,238 | +€24,865 | +30.6% |
| Fixed assets | 21/28 | €25,187 | €23,810 | -€1,377 | -5.5% |
| Tangible fixed assets | 22/27 | €24,740 | €23,363 | -€1,377 | -5.6% |
| Plant, machinery and equipment | 23 | €1,951 | €4,920 | +€2,969 | +152% |
| Furniture and vehicles | 24 | €22,789 | €17,224 | -€5,565 | -24.4% |
| Other tangible fixed assets | 26 | - | €1,220 | +€1,220 | |
| Financial fixed assets | 28 | €447 | €447 | = | 0.0% |
| Current assets | 29/58 | €56,187 | €82,428 | +€26,241 | +46.7% |
| Amounts receivable after more than one year | 29 | €2,951 | - | -€2,951 | |
| Other amounts receivable | 291 | €2,951 | - | -€2,951 | |
| Stocks and contracts in progress | 3 | €4,378 | €5,031 | +€654 | +14.9% |
| Stocks | 30/36 | €4,378 | €5,031 | +€654 | +14.9% |
| Amounts receivable within one year | 40/41 | €1,788 | €6,004 | +€4,216 | +236% |
| Trade receivables | 40 | €1,788 | €6,004 | +€4,216 | +236% |
| Cash at bank and in hand | 54/58 | €44,979 | €69,366 | +€24,387 | +54.2% |
| Deferred charges and accrued income | 490/1 | €2,091 | €2,026 | -€65 | -3.1% |
| Total equity and liabilities | 10/49 | €81,374 | €106,238 | +€24,865 | +30.6% |
| Equity | 10/15 | €65,114 | €85,916 | +€20,802 | +31.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,914 | €79,716 | +€20,802 | +35.3% |
| Distributable reserves | 133 | €58,914 | €79,716 | +€20,802 | +35.3% |
| Provisions and deferred taxes | 16 | €3,654 | €3,654 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,654 | €3,654 | = | 0.0% |
| Pensions and similar obligations | 160 | €3,654 | €3,654 | = | 0.0% |
| Amounts payable | 17/49 | €12,605 | €16,668 | +€4,063 | +32.2% |
| Amounts payable within one year | 42/48 | €12,605 | €16,668 | +€4,063 | +32.2% |
| Trade debts | 44 | €1,397 | €7,296 | +€5,900 | +422% |
| Suppliers | 440/4 | €1,397 | €7,296 | +€5,900 | +422% |
| Taxes, remuneration and social security | 45 | €11,209 | €8,015 | -€3,194 | -28.5% |
| Taxes | 450/3 | €5,940 | €4,905 | -€1,036 | -17.4% |
| Remuneration and social security | 454/9 | €5,268 | €3,110 | -€2,158 | -41.0% |
| Other amounts payable | 47/48 | - | €1,357 | +€1,357 | |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €50,718 | €35,703 | -€15,015 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,496 | €6,585 | +€2,089 | +46.5% |
| Other operating charges | 640/8 | €1,516 | €2,362 | +€846 | +55.8% |
| Gross operating margin | 9900 | €87,036 | €74,435 | -€12,602 | -14.5% |
| Operating profit (loss) | 9901 | €30,306 | €29,784 | -€522 | -1.7% |
| Financial income | 75/76B | €305 | €227 | -€77 | -25.4% |
| Recurring financial income | 75 | €305 | €227 | -€77 | -25.4% |
| Financial charges | 65/66B | €987 | €1,085 | +€97 | +9.9% |
| Recurring financial charges | 65 | €987 | €1,085 | +€97 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €29,623 | €28,927 | -€696 | -2.4% |
| Income taxes | 67/77 | €8,284 | €8,125 | -€159 | -1.9% |
| Profit (loss) for the period | 9904 | €21,339 | €20,802 | -€537 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,339 | €20,802 | -€537 | -2.5% |
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 16 October 2026 via checked.be.