Floriane Pihet: 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.
Floriane Pihet
Largest movements
- Cash +€3,396
up €3,396 (+63.6%), from €5,337 to €8,733
mainly Receivables within one year (+€3,392) and Depreciation (+€3,151)
- Receivables within one year -€3,392
down €3,392 (-24.6%), from €13,784 to €10,392
of which Other amounts receivable: -€2,065
- Tangible fixed assets -€2,726
down €2,726 (-33.2%), from €8,218 to €5,492
of which Leasing and similar rights: -€1,930
- Deferred charges and accrued income +€1,035
up €1,035 (+221.2%), from €468 to €1,503
- Reserves -€1,700
down €1,700 (-7.0%), from €24,390 to €22,690
- Tax, wage and social debts -€1,062
down €1,062 (-75.9%), from €1,399 to €337
- Trade debts +€957
up €957 (+350.5%), from €273 to €1,230
- Gross operating margin +€2,365
up €2,365 (+38.4%), from €6,156 to €8,521
- Taxes +€826
up €826 (+90.7%), from €911 to €1,737
- Depreciation +€156
up €156 (+5.2%), from €2,995 to €3,151
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 | €27,807 | €26,120 | -€1,687 | -6.1% |
| Fixed assets | 21/28 | €8,218 | €5,492 | -€2,726 | -33.2% |
| Tangible fixed assets | 22/27 | €8,218 | €5,492 | -€2,726 | -33.2% |
| Plant, machinery and equipment | 23 | €1,565 | €973 | -€592 | -37.8% |
| Furniture and vehicles | 24 | €2,316 | €2,112 | -€204 | -8.8% |
| Leasing and similar rights | 25 | €4,337 | €2,407 | -€1,930 | -44.5% |
| Current assets | 29/58 | €19,589 | €20,628 | +€1,039 | +5.3% |
| Amounts receivable within one year | 40/41 | €13,784 | €10,392 | -€3,392 | -24.6% |
| Trade receivables | 40 | €3,457 | €2,130 | -€1,327 | -38.4% |
| Other amounts receivable | 41 | €10,327 | €8,262 | -€2,065 | -20.0% |
| Cash at bank and in hand | 54/58 | €5,337 | €8,733 | +€3,396 | +63.6% |
| Deferred charges and accrued income | 490/1 | €468 | €1,503 | +€1,035 | +221.2% |
| Total equity and liabilities | 10/49 | €27,807 | €26,120 | -€1,687 | -6.1% |
| Equity | 10/15 | €24,944 | €23,350 | -€1,594 | -6.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Outside capital | 11 | €1 | €1 | = | 0.0% |
| Other | 1109/19 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €24,390 | €22,690 | -€1,700 | -7.0% |
| Distributable reserves | 133 | €24,390 | €22,690 | -€1,700 | -7.0% |
| Profit (loss) carried forward | 14 | €553 | €659 | +€106 | +19.2% |
| Amounts payable | 17/49 | €2,863 | €2,770 | -€93 | -3.2% |
| Amounts payable within one year | 42/48 | €2,863 | €2,770 | -€93 | -3.2% |
| Financial debts | 43 | €631 | €643 | +€12 | +1.9% |
| Credit institutions | 430/8 | €631 | €643 | +€12 | +1.9% |
| Trade debts | 44 | €273 | €1,230 | +€957 | +350.5% |
| Suppliers | 440/4 | €273 | €1,230 | +€957 | +350.5% |
| Taxes, remuneration and social security | 45 | €1,399 | €337 | -€1,062 | -75.9% |
| Taxes | 450/3 | €1,399 | €337 | -€1,062 | -75.9% |
| Other amounts payable | 47/48 | €560 | €560 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,995 | €3,151 | +€156 | +5.2% |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Gross operating margin | 9900 | €6,156 | €8,521 | +€2,365 | +38.4% |
| Operating profit (loss) | 9901 | €2,488 | €4,675 | +€2,187 | +87.9% |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €187 | €132 | -€55 | -29.4% |
| Recurring financial charges | 65 | €187 | €126 | -€61 | -32.6% |
| Non-recurring financial charges | 66B | - | €6 | +€6 | |
| Profit (loss) for the period before taxes | 9903 | €2,313 | €4,543 | +€2,230 | +96.4% |
| Income taxes | 67/77 | €911 | €1,737 | +€826 | +90.7% |
| Profit (loss) for the period | 9904 | €1,402 | €2,806 | +€1,404 | +100.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,402 | €2,806 | +€1,404 | +100.1% |
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 7 October 2026 via checked.be.